Triangle Breakout
- インディケータ
-
Ich Khiem Nguyen
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Alpha On Chart は、XAUUSDトレーダーとMT5ユーザーをサポートするトレーディングエコシステムです。
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厳選されたXAUUSDのSwingセットアップを、チャートと分析付きで、トレーディングスケジュールに沿って1日の中で継続的に配信しています。 - バージョン: 1.0
- アクティベーション: 10
Section 1: Context and Core Value
Stop Getting Trapped in Consolidation: Execute Only on Confirmed Structural Breakouts
Intraday traders and scalpers frequently encounter a recurring cycle: entering positions immediately before a corrective retracement, getting stopped out by random wicks within a consolidation pattern, or hesitating during initial breakout phases only to chase an exhausted price move. When markets coil into compression ranges, unconfirmed entries often result in avoidable whipsaws.
TriangleBreakout addresses this challenge by filtering out low-conviction, choppy price action and identifying verified structural expansion beyond defined pattern boundaries. The algorithm tracks price compression within ascending, descending, or symmetrical triangle formations and validates when candle momentum breaks through structural levels. This provides clear visual confirmation of directional commitment from market participants, allowing traders to focus on genuine expansion phases rather than ranging noise.
The framework operates during active trading sessions when liquidity and volume expand, offering structured confirmation across liquid symbols, active instruments, and volatile markets.
Section 2: Entry Logic and Trade Management
Objective Execution and Structured Risk Management
Visual BUY Confirmation:
- The market establishes a confirmed upward trend structure with an ascending or contracting consolidation pattern.
- A dominant bullish expansion candle closes decisively above pattern resistance, confirming buying momentum.
- The indicator confirms the breakout and displays a buy signal arrow.
- The signal confirms strictly upon the close of the setup candle, using the open of the subsequent bar as the execution reference.
Visual SELL Confirmation:
- The market establishes a confirmed downward trend structure with a descending or contracting consolidation pattern.
- A dominant bearish expansion candle closes decisively below pattern support, confirming selling momentum.
- The indicator confirms the breakdown and displays a sell signal arrow.
- The signal confirms strictly upon the close of the setup candle, using the open of the subsequent bar as the execution reference.
Structural Stop Loss Placement:
- The indicator automatically projects a protective Stop Loss reference positioned outside the recent structural swing extreme.
- A configurable volatility buffer provides additional distance beyond key pivots to accommodate normal spread variations and short-term market noise.
4 Configurable Profit Targets:
The indicator projects four structured risk-to-reward (R-multiple) levels:
- TP1 (0.5R): Initial objective configured for early partial scale-outs on immediate momentum continuation.
- TP2 (0.8R): Intermediate milestone capturing standard continuation swings.
- TP3 (1.2R): Extended target capturing broader trending impulse waves.
- TP4 (2.0R): Full expansion runner target designed to capture extended directional trend moves.
Closed-Bar Calculation Logic:
- Signals and target levels calculate strictly upon candle close.
- Confirmed markers remain anchored to their original bars without recalculating, shifting, or disappearing on subsequent price action.
All-in-One Trading Toolkit on MT5
Purpose-built framework for systematic triangle breakout verification and disciplined execution.
Built to support your trading workflow: multi-symbol screening, multi-timeframe confirmation, transparent Entry-SL-TP visual structures, and on-chart historical backtesting.
Multi-Symbol and Multi-Timeframe Scanner
Avoid opening dozens of separate charts.
The integrated MTF SCAN dashboard monitors multiple assets simultaneously across:
M15, M30, H1, H4, D1
Dashboard overview:
- Active Signal Discovery: Shows currently active BUY/SELL setups.
- Signal Status Tracking: Displays basic status of tracked signals (active, near TP, near SL).
- Higher Timeframe Confluence: Highlights when a higher-timeframe trend aligns with a lower-timeframe trigger.
- Market Bias Summary: UP, DOWN, or FLAT reading based on the indicator's own trend filter.
- One-Click Navigation: Click any dashboard cell to switch your active chart to that symbol and timeframe.
Trade Plan Visualization: Entry, Stop Loss and 4-Tier TP Ladder
A full plan displayed on the chart rather than a single alert:
Entry -> Stop Loss -> TP1 -> TP2 -> TP3 -> TP4
- Visual risk/reward zones projected directly onto your candles.
- Basic lifecycle status tracking (Active, TP Hit, SL Hit).
- Non-Repaint Design: Signals lock once the bar closes and do not recalculate, shift, or disappear afterward. This describes the calculation logic only and does not imply any particular outcome.
Signal Filtering (Signal Brake)
Sideways consolidation and two-sided liquidity wicks can generate repeated false signals. The Signal Brake logic is intended to reduce this:
- Limits rapid BUY/SELL flip-flopping in tight consolidation ranges.
- Restricts new same-direction signals while a prior setup is still active.
- Requires a minimum R-distance before the next signal can trigger.
On-Chart Historical Backtest Panel
A built-in panel summarizes how signals performed on historical data for the current settings:
- Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
- Sample size shown for the configured lookback period.
- Highlights which TP level had the best historical hit-rate for that sample.
- A simple sample-size indicator to help judge statistical relevance.Note: these figures reflect past price data for the tested symbol, timeframe, and settings only. Past results do not guarantee future performance.
Multi-Channel Alerts
Stay informed while away from the chart:
- MT5 Desktop pop-up notifications.
- Audio alerts (.wav).
- Push notifications to the MT5 mobile app via MetaQuotes ID.
Interface
Designed to stay out of the way of your chart:
- 3 size presets: Small (S) / Medium (M) / Large (L).
- One-click minimize and expand toggle.
- Draggable panel that remembers its position across timeframe changes.
Suited For Traders Who Want To:
- Capitalize on volatility expansion following geometric triangle consolidations.
- Avoid false breakouts and whipsaw losses inside tight compression ranges.
- Screen for triangle breakout setups across multiple symbols and timeframes simultaneously.
- Confirm multi-timeframe directional agreement prior to executing breakout triggers.
- Apply systematic structural Stop Loss placement and a predefined 4-tier Take Profit ladder.
- Review historical setup hit-rate metrics and sample distributions directly on the live chart.
- Receive instant push notifications on MT5 mobile when valid breakout bars close.
Support and Free Trial
A free demo version can be tested in the Strategy Tester and on a demo chart before purchase, through the standard MQL5 Market demo feature.
Want to try the full version before buying? Message me and I'll set you up with a short-term full-feature trial license — just send a message with your account details.
For setup questions or technical support, feel free to send a message through my MQL5 profile.
