Beast TradeMate
- Göstergeler
- Lee Teik Hong
- Sürüm: 1.0
- Etkinleştirmeler: 20
BEAST TRADEMATE
1. Overview
Beast TradeMate is a comprehensive multi-feature MetaTrader 5 (MT5) chart indicator that combines TDI-based trade signal detection, multi moving average trend filtering, sweetspot level mapping, TP/SL auto-projection, and a full alert system into a single, unified tool. It is designed to provide traders with high-probability entry signals while keeping the chart clean and informative.
2. Signal Types
Beast TradeMate produces four distinct types of trade signals, each represented by a differently styled arrow on the chart:
2.1 Buy Zone (x Dot)Triggered when the price crosses upward through the Oversold Level (default 30.0). This indicates the market is exiting an oversold condition and momentum may be turning bullish. The arrow appears below the candle's low at a configurable distance.
2.2 Sell Zone (x Dot)Triggered when the price crosses downward through the Overbought Level (default 70.0). This signals the market is exiting an overbought condition with potential bearish momentum. The arrow appears above the candle's high at a configurable distance.
2.3 Beast TradeMate Buy Signal (Green Arrow)A filtered, higher-confidence buy signal. It fires only when a Buy Zone condition is met AND the closing price is above the trade signal filter (default 7). This confirms the trade is in alignment with the prevailing uptrend. TP/SL lines and signal lines are created automatically on this signal.
2.4 Beast TradeMate Sell Signal (Green Arrow)A filtered sell signal that fires only when a Sell Zone condition is met AND the closing price is below the trade signal filter (default 7), confirming downtrend alignment. TP/SL lines and signal lines are created automatically on this signal.
3. Trade Signal Filter
The Multi Moving Average(MMM) filter is the core quality gate for Beast TradeMate signals. When enabled, only Buy signals where price is above the MMM and Sell signals where price is below the Trade Signal Filter are promoted to full Beast TradeMate signals.
4. Automatic TP/SL Lines
When a Beast TradeMate Buy or Sell Signal fires, the indicator automatically calculates and draws Take Profit (TP) and Stop Loss (SL) horizontal lines based on the nearest signal trade levels above and below the entry price.
4.1 How TP/SL Levels Are CalculatedFor a Buy Signal: the TP is set at the nearest sweetspot level above the entry price; the SL is set at the nearest sweetspot level below. For a Sell Signal, the logic is reversed. If the nearest level is too close (within half the step distance), the system automatically skips to the next level to ensure meaningful reward-to-risk spacing.
5. Alert & Notification System
Beast TradeMate includes a full multi-channel alert system. Alerts fire on the closed of bar (the most recently completed bar), ensuring no repainting. Each signal type can be independently enabled or disabled for alerting.
6. Technical Notes 6.1 Performance Optimisation
The indicator uses a smart calculation strategy: on the first load, it processes exactly Lookback_Bars candles; on every subsequent tick, only the current forming candle is calculated. This ensures minimal CPU usage even on busy timeframes or with a large lookback window.
6.2 Non-Repainting DesignAll signal arrows and alerts are based on closed bar, meaning they are only confirmed and triggered when a candle fully closes. The current open bar is calculated but never used for alerts, preventing false signals from repainting.
