Matching Low Trading System
- Indicatori
- Ich Khiem Nguyen
- Versione: 1.0
- Attivazioni: 10
Professional Matching Low (2-bar bullish reversal) detector with 5-factor quality scoring, 3 SL methods, pending buy stop entry, MTF scanner 150x8, market structure BOS/CHOCH, and 4-channel alerts.
Matching Low Trading System automatically detects the Matching Low candlestick pattern — a precise 2-bar bullish reversal signal that forms when two consecutive bearish candles close at virtually the same price level. The matching closes create a natural double-bottom support floor: sellers pushed price down twice, and both times they failed to close below the same level. That repeated failure signals exhausted selling pressure and an impending bullish reversal.
Introductory Pricing: This indicator is offered at introductory pricing that increases based on sales milestones. The current price is $49. After 10 sales, the price increases to $59. After 30 sales, it increases to $69. After 60 sales, the final price of $79 takes effect. All buyers receive the same full-featured indicator regardless of purchase price.
A. Introduction & Pattern Overview
The Matching Low is a bullish-only pattern — every signal generated is a long (buy) opportunity. There is no bearish variant. The pattern's power lies in its simplicity: two candles, two matching lows, one clear message — support is holding and buyers are taking over.
Pattern Structure:
- Candle 1 — A bearish candle that pushes the market lower, establishing the support close level
- Candle 2 — A second bearish candle that attempts to push lower but closes at (or very near) the same level as Candle 1
When both closes align within a tight tolerance (measured as a fraction of ATR), the pattern is confirmed. A pending buy stop order is then placed above the high of Candle 2, ensuring entry only when price actually reverses upward — no premature entries on still-declining price.
B. Key Features
- Bullish-only Matching Low detection (2-bar pattern, zero ambiguity)
- 5-factor weighted quality scoring (0.00–1.00 scale)
- Detection Preset System: Standard / Strict / Custom
- Pending buy stop entry above Candle 2 high + ATR buffer
- 3 stop loss methods: Donchian Channel (default), ATR-based, Pattern-based
- 4 take profit levels at R:R 1.0, 1.5, 2.0, 3.0
- 7-layer signal filter chain
- MTF Scanner: up to 150 symbols × 8 timeframes simultaneously
- Market Structure analysis: BOS / CHOCH detection
- Donchian Channel trailing stop loss
- 4-channel alert system: popup, sound, push notification, email
- Signal lifecycle tracking: Pending → Triggered → Target Hit / Stop Hit / Cancelled
- Professional chart themes: Dark, Dark Muted, Light, Custom
- EA signal buffers (10 buffers) for algorithmic trading via iCustom
C. Quality Scoring — 5-Factor Engine
Every detected pattern receives a quality score from 0.00 to 1.00 based on five weighted factors:
| Factor | Weight | What It Measures |
|---|---|---|
| Close Match | 25% | Precision of the two matching closes — tighter = higher score |
| Candle Body Size | 22% | Body strength of both candles relative to ATR |
| Lower Shadow Score | 20% | Smallness of lower wicks — confirms sellers did not push through the level |
| Relative Body | 18% | Body-to-range ratio — high ratio means cleaner, more decisive candles |
| Overlap Ratio | 15% | How much the two candles overlap in range — tight overlap = well-formed pattern |
Detection Preset System:
- Standard — Relaxed thresholds, balanced signal frequency (~5% detection rate). Recommended starting point.
- Strict — Original spec thresholds, fewer but higher-confidence signals (~1% detection rate)
- Custom — Full manual control over all 5 detection parameters
Quality threshold default: 0.30 (relaxed). Raise to 0.50–0.70 for higher selectivity.
D. Filter Chain & Safety Features
A 7-layer filter chain protects against low-quality and contextually inappropriate signals:
- Quality Filter — Rejects patterns below the minimum quality score
- Extreme Zone Filter — Blocks buy signals when price is already in an overbought zone (Donchian-based channel position)
- Direction Filter — Respects market structure regime; can block signals against the prevailing trend
- Stoploss Hunt Filter — Validates that the pattern follows a genuine liquidity sweep rather than random noise
- Signal Zone Filter — Confirms signal appears near a structurally significant swing or BOS/CHOCH event
- Spacing Filter — Enforces minimum bar gap between consecutive signals to prevent clustering
- Opposite Signal Filter — Soft-blocks new signals when a conflicting active signal is already open
E. How to Use — Quick Start
- Attach the indicator to any chart (recommended: XAUUSD H1 for first use)
- Click OK to use default settings
- The indicator scans historical bars and plots any recent MLW signals with entry, SL, and TP lines
- Wait for a new signal — a green arrow and quality label appear when a pattern is confirmed
- The pending buy stop entry line shows where price must reach to activate the trade
- Use the MTF Scanner to monitor the same pattern across multiple symbols and timeframes
- Enable push or email alerts in the Alerts section to receive signals away from your desk
Recommended workflow:
- Start with Standard preset + Min Quality 0.30
- After one week, review signal history and raise quality threshold if signal frequency is too high
- Enable the Extreme Zone Filter to avoid buying into already-extended moves
- Use Strict preset on H4/D1 for swing trading — fewer signals, higher conviction
F. Settings Overview
Signal Detection:
- ATR Period: 14 (volatility measurement period)
- Max Bars to Scan: 3000 (historical depth on load)
- Min Bars Between Patterns: 3 (spacing to prevent signal clusters)
Detection Thresholds (Custom preset):
- Max Close Match xATR: 0.25 Std / 0.10 Strict
- Min Candle1 Body/ATR: 0.05 Std / 0.10 Strict
- Min Candle2 Body/ATR: 0.02 Std / 0.05 Strict
- Min Candle1 Range/ATR: 0.05 Std / 0.10 Strict
- Max Lower Shadow Ratio: 0.40 Std / 0.20 Strict
Trade Management:
- SL Methods: Donchian Channel (default) / ATR-based / Pattern-based
- TP Levels: 4 levels at R:R 1.0 / 1.5 / 2.0 / 3.0
- Entry: Pending buy stop above Candle 2 high + buffer
Best Markets & Timeframes:
- XAUUSD (Gold): Excellent on H1 / H4
- Major forex pairs (EURUSD, GBPUSD, USDJPY): All timeframes above M15
- Indices (US30, NAS100): H4 / D1
- Works on any symbol and timeframe
matching low, double bottom, bullish reversal, support pattern, 2-bar pattern, quality scoring, multi-timeframe, MTF scanner, market structure, BOS, CHOCH, donchian stop, trailing stop, pending order, alert system, XAUUSD, gold trading
| PART | Section | Description | ||
|---|---|---|---|---|
| 1 | INTRODUCTION | Product introduction, what the product helps you with | ||
| 2 | INSTALLATION & SETUP | System requirements, step-by-step installation guide | ||
| Guide to Installing Free Indicators and EAs Included with the Mirage Trading System Purchase | ||||
| 3 | INTERFACE DISPLAY | Explanation of the components displayed on the chart | ||
| User Guide: Trading Lines & Signal Tracking System | The system automatically draws Entry, Stop Loss, and Take Profit lines (TP 1–4) on the chart, tracks price action for hits, records Win/Loss results, and displays real-time performance statistics. | |||
| User Guide : Visualization, Zone Fill, Signal Dashboard & Cancelled Signals | When you attach an indicator to a chart, the system renders the following visual components for each detected signal | |||
| User Guide: MTF SCAN & Dashboard User Guide | MTF SCAN automatically scans all Market Watch symbols across 8 timeframes (M1 to W1) and displays results on a Dashboard grid directly on your chart. | |||
| User Guide : Chart Theme User Guide | Chart Theme is a feature that changes the entire chart color scheme in MetaTrader 5 — including the background, candles, grid, text, and Bid/Ask lines — with a single click. | |||
| 4 | CORE CONCEPTS | Fundamental concepts that the system is built upon | ||
| User Guide: Market Structure Functionality in the Trading System | Identifies trend direction (Uptrend, Downtrend, Ranging) by analyzing swing highs/lows, and detects key events: BOS (trend continuation) and CHoCH (potential trend reversal). | |||
| User Guide : Signal Types, States, and Lifecycle | A signal is the system's notification when it detects a qualifying candlestick pattern on the chart. Each signal tells you the expected price direction and provides suggested entry, stop loss, and take profit levels. | |||
| 5 | SIGNAL FILTERS | Filters that refine and validate trading signals | ||
| User Guide: Trade Direction (Direction Filter) in the Trading System | Defines the allowed trading direction (Buy only, Sell only, both, or neither) as the first filter before searching for entry signals, based on current market trend. | |||
| User Guide: Signal Zone Filter in the Trading System | Eliminates signals not near important price zones, retaining only those connected to market structures (swing high/low, BOS, CHoCH) to reduce noise. | |||
| User Guide: StoplossHunt Filter User Guide — Filtering "SL Sweep" Signals | Identifies higher-probability signals by checking whether price "swept stoploss" before forming a pattern. | |||
| User Guide : Extreme Zone Filter | Extreme Zone Filter is a signal filtering feature that helps avoid entering trades when price is at the top or bottom of a Donchian price channel. | |||
| User Guide: Opposite Signal Filter | The Opposite Signal Filter is an automatic feature that prevents new signals from appearing when you already have an active trade running in the opposite direction.The principle is very simple: Don't buy when you're selling. Don't sell when you're buying. | |||
| User Guide : Quality Filter User Guide | Quality Filter is a feature that helps you receive only the best signals — price patterns formed clearly, with balanced proportions and high reliability — and reject weak signals, dull patterns, and those below standard. | |||
| 6 | TRADE MANAGEMENT | |||
| User Guide : Risk/Reward & SL Method User Guide | Risk/Reward (R:R) is the ratio between the amount of money you accept losing (Risk) and the amount of money you expect to gain (Reward) in a single trade. | |||
| User Guide: Trailing Stop Loss (TSL) User Guide | Regular Stop Loss (SL) stays fixed in one place. You set SL at 1990.00, and it stays there forever — even if price has risen to 2030.00.Trailing Stop Loss (TSL) is different. It automatically moves in your favor when price advances. As price moves up, TSL moves up with it. When price stalls or reverses, TSL holds the best position it reached. | |||
| 7 | CONFIGURATION PARAMETERS GUIDE | Detailed guide to each configuration parameter | ||
| SIGNAL SCANNING CONFIGURATION GUIDE - MIRAGE TRADING SYSTEM EA | Guide to mastering signal scanning settings within the Inputs tab, optimizing trade discovery on a single chart or across the entire market. | |||
| 8 | ALERTS & NOTIFICATIONS | |||
| User Guide: Alerts & Notifications User Guide | Configure push notifications, and on-screen popups when new signals are detected. | |||
| 9 | SYSTEM RISKS & LIMITATIONS | Notes on system risks and limitations |
v1.00 — Initial release with Matching Low pattern detection, 5-factor quality scoring, Detection Preset System (Standard/Strict/Custom), pending buy stop entry, 3 SL methods, 7-layer filter chain, MTF Scanner 150x8, Market Structure BOS/CHOCH, 4-channel alerts, Donchian trailing stop, chart themes, and EA signal buffers.
Standard MQL5 Market pricing. Free demo available.
