| PART | Part | Description | ||
|---|---|---|---|---|
| 1 | INTRODUCTION | Product introduction, what the product helps you with | ||
| 2 | INSTALLATION & SETUP | System necessities, step-by-step set up information | ||
| Information to Putting in Free Indicators and EAs Included with the Mirage Buying and selling System Buy | ||||
| 3 | INTERFACE DISPLAY | Clarification of the parts displayed on the chart | ||
| Person Information: Buying and selling Traces & Sign Monitoring System | The system robotically attracts Entry, Cease Loss, and Take Revenue traces (TP 1–4) on the chart, tracks worth motion for hits, data Win/Loss outcomes, and shows real-time efficiency statistics. | |||
| Person Information : Visualization, Zone Fill, Sign Dashboard & Cancelled Alerts | Once you connect an indicator to a chart, the system renders the next visible parts for every detected sign | |||
| Person Information: MTF SCAN & Dashboard Person Information | MTF SCAN robotically scans all Market Watch symbols throughout 8 timeframes (M1 to W1) and shows outcomes on a Dashboard grid instantly in your chart. | |||
| Person Information : Chart Theme Person Information | Chart Theme is a characteristic that adjustments your complete chart shade scheme in MetaTrader 5 — together with the background, candles, grid, textual content, and Bid/Ask traces — with a single click on. | |||
| 4 | CORE CONCEPTS | Basic ideas that the system is constructed upon | ||
| Person Information: Market Construction Performance within the Buying and selling System | Identifies development route (Uptrend, Downtrend, Ranging) by analyzing swing highs/lows, and detects key occasions: BOS (development continuation) and CHoCH (potential development reversal). | |||
| Person Information : Sign Sorts, States, and Lifecycle | A sign is the system’s notification when it detects a qualifying candlestick sample on the chart. Every sign tells you the anticipated worth route and offers steered entry, cease loss, and take revenue ranges. | |||
| 5 | SIGNAL FILTERS | Filters that refine and validate buying and selling alerts | ||
| Person Information: Commerce Path (Path Filter) within the Buying and selling System | Defines the allowed buying and selling route (Purchase solely, Promote solely, each, or neither) as the primary filter earlier than looking for entry alerts, primarily based on present market development. | |||
| Person Information: Sign Zone Filter within the Buying and selling System | Eliminates alerts not close to necessary worth zones, retaining solely these linked to market buildings (swing excessive/low, BOS, CHoCH) to cut back noise. | |||
| Person Information: StoplossHunt Filter Person Information — Filtering “SL Sweep” Alerts | Identifies higher-probability alerts by checking whether or not worth “swept stoploss” earlier than forming a sample. | |||
| Person Information : Excessive Zone Filter |
Excessive Zone Filter is a sign filtering characteristic that helps keep away from getting into trades when worth is on the prime or backside of a Donchian worth channel. | |||
| Person Information: Reverse Sign Filter | The Reverse Sign Filter is an automated characteristic that forestalls new alerts from showing when you have already got an energetic commerce operating in the wrong way.The precept may be very easy: Do not buy if you’re promoting. Do not promote if you’re shopping for. | |||
| Person Information : High quality Filter Person Information | High quality Filter is a characteristic that helps you obtain solely the most effective alerts — worth patterns shaped clearly, with balanced proportions and excessive reliability — and reject weak alerts, boring patterns, and people under commonplace. | |||
| 6 | TRADE MANAGEMENT | |||
| Person Information : Danger/Reward & SL Technique Person Information | Danger/Reward (R:R) is the ratio between the sum of money you settle for dropping (Danger) and the sum of money you count on to realize (Reward) in a single commerce. | |||
| Person Information: Trailing Cease Loss (TSL) Person Information | Common Cease Loss (SL) stays fastened in a single place. You set SL at 1990.00, and it stays there endlessly — even when worth has risen to 2030.00.Trailing Cease Loss (TSL) is completely different. It robotically strikes in your favor when worth advances. As worth strikes up, TSL strikes up with it. When worth stalls or reverses, TSL holds the most effective place it reached. | |||
| 7 | CONFIGURATION PARAMETERS GUIDE | Detailed information to every configuration parameter | ||
| SIGNAL SCANNING CONFIGURATION GUIDE – MIRAGE TRADING SYSTEM EA | Information to mastering sign scanning settings throughout the Inputs tab, optimizing commerce discovery on a single chart or throughout your complete market. | |||
| 8 | ALERTS & NOTIFICATIONS | |||
| Person Information: Alerts & Notifications Person Information | Configure push notifications, and on-screen popups when new alerts are detected. | |||
| 9 | SYSTEM RISKS & LIMITATIONS | Notes on system dangers and limitations |
1. INTRODUCTION
Hikkake Buying and selling System v1.00
Inside Bar + False Breakout Entice Detection with 5-Issue High quality Scoring
Creator: Ich Khiem Nguyen | MQL5: https://www.mql5.com/en/customers/khiemni/vendor
What’s Hikkake Buying and selling System?
Hikkake Buying and selling System helps you notice Hikkake patterns in your MetaTrader 5 charts — robotically. The indicator identifies the basic false breakout lure the place an inside bar breakout fails and worth reverses, then alerts you with clear entry factors, cease losses, and revenue targets already calculated. It really works on any market and any timeframe, releasing you to focus in your buying and selling choices as a substitute of manually looking for lure setups.
What Are Hikkake Patterns?
Hikkake patterns are highly effective reversal patterns that emerge when a breakout try from an inside bar fails, reversing sharply in the wrong way and trapping merchants who entered on the flawed facet.
Bullish Hikkake (Bullish Reversal)
After a downtrend, a setup bar establishes the vary. The subsequent candle is an inside bar — totally contained throughout the setup bar — exhibiting the market is compressing and neither consumers nor sellers have management. A fakeout bar then breaks under the within bar low, triggering sellers and breakout merchants to enter quick positions. The lure springs when a affirmation bar closes above the within bar excessive: the sellers are actually trapped, and as they cowl their positions, the worth surges upward.
Bearish Hikkake (Bearish Reversal)
After an uptrend, a setup bar types adopted by an inside bar that reveals market indecision. A fakeout bar breaks above the within bar excessive, drawing in keen consumers who count on the breakout to proceed. The reversal then arrives as a affirmation bar closes under the within bar low — the trapped consumers are compelled to exit, and their promoting strain accelerates the downward transfer.
When these patterns seem close to key help or resistance ranges, they turn into particularly dependable alerts for potential development reversals.
How the Indicator Finds Patterns
The indicator scans your charts in real-time and checks every potential sample towards a number of high quality necessities:
- Identifies a setup bar and verifies the following bar is totally contained inside it — excessive no better than setup excessive, and low no decrease than setup low — confirming the within bar construction.
- Checks that the fakeout bar breaks one facet of the within bar vary, signaling that breakout merchants have been drawn in on the flawed facet.
- Confirms {that a} bar closes past the alternative inside bar boundary inside 3 bars of the fakeout, proving the false breakout lure has sprung.
- Validates that no earlier bar already closed past the alternative boundary (drift examine), stopping duplicate or untimely detections.
Solely patterns that move all these checks seem in your chart, so you do not waste time on weak or invalid setups.
High quality Rating — How Good Is the Sample?
Each sample will get a top quality rating from 0.00 to 1.00. This helps you give attention to the most effective buying and selling alternatives.
What the Rating Means
The indicator checks 5 facets of every Hikkake sample to compute the standard rating. It evaluates how effectively the within bar is contained throughout the setup bar, how robust the affirmation bar physique is relative to current volatility, how tight the within bar vary is relative to ATR, whether or not the affirmation bar truly modified route from the fakeout bar, and the way deeply worth extends previous the within bar boundary on affirmation. Patterns with robust containment, a strong affirmation shut, and a deep breach previous the boundary earn the best scores.
- Grade A (0.80 – 1.00) — Wonderful: Finest alerts, highest likelihood setups
- Grade B (0.60 – 0.79) — Good: Dependable setups value buying and selling
- Grade C (0.40 – 0.59) — Common: Wants further affirmation
- Grade D (0.20 – 0.39) — Beneath Common: Dangerous, use with warning
- Grade F (0.00 – 0.19) — Poor: Keep away from buying and selling these alerts
High quality Threshold Setting
By default, the indicator solely reveals patterns scoring 0.30 or larger. You may modify this within the settings:
- Elevate to 0.50-0.70: See solely the most effective alerts (fewer however larger high quality)
- Decrease to 0.15-0.25: See extra alerts (extra frequent however blended high quality)
- Tip: Begin with the default 0.30 and modify primarily based in your backtest outcomes
What You See on the Chart
When the indicator detects a Hikkake sample, it attracts the whole lot you want to know instantly on the chart:
Sign Markers
- Arrow icons: Inexperienced up arrow displayed under the affirmation bar for bullish Hikkake alerts; purple down arrow displayed above the affirmation bar for bearish Hikkake alerts
- High quality labels: Rating displayed as “Q: 0.XX” positioned close to the arrow, exhibiting at a look how robust the detected sample is
Buying and selling Traces
- Entry line: Blue horizontal line drawn on the inside bar excessive (bullish) or inside bar low (bearish) plus an entry buffer, exhibiting precisely the place your pending order sits
- Cease Loss line: Purple horizontal line positioned under the sample low for bullish alerts or above the sample excessive for bearish alerts, clearly labeled “SL”
- Take Revenue traces: Inexperienced horizontal traces at TP1 (1.0R), TP2 (1.5R), TP3 (2.0R), and TP4 (3.0R), labeled accordingly so you may plan your exits at a look
Visible Zones
- Sample spotlight: All 4 or extra sample bars (setup, inside, fakeout, affirmation, and any drift bars) are color-coded so you may immediately determine the complete sample construction on the chart
- Monitoring dots: Small dots that change shade because the sign advances via its lifecycle, supplying you with a dwell standing replace with out opening any menus
Sign Lifecycle
Alerts progress via completely different states, proven by altering colours and monitoring dots:
- Pending: Sample simply detected, ready for entry affirmation
- Triggered: Entry worth reached, commerce is energetic
- Goal Hit: Worth reached take revenue stage (sign turns inexperienced)
- Cease Hit: Worth hit cease loss (sign turns purple)
- Cancelled: Sign invalidated earlier than entry (sign disappears or grays out)
You may watch your alerts evolve in real-time with out opening any menus or panels.
Settings You Can Regulate
Listed here are the principle settings that management how the indicator finds and shows Hikkake patterns:
| Setting | What It Does | Default | When to Change It |
|---|---|---|---|
| Detection Preset | Select between Customary/Strict/Customized detection thresholds | Customary | Change to Strict for fewer however larger high quality alerts |
| (Customized) Min Inside Vary/ATR (Std=0.05, Strict=0.10) | Minimal inside bar vary relative to ATR | 0.10 | Solely when utilizing Customized preset |
| (Customized) Max Inside Vary/ATR (Std=0.80, Strict=0.40) | Most inside bar vary relative to ATR | 0.40 | Solely when utilizing Customized preset |
| (Customized) Min Fakeout Physique/ATR (Std=0.03, Strict=0.10) | Minimal fakeout bar physique relative to ATR | 0.10 | Solely when utilizing Customized preset |
| (Customized) Min Verify Physique/ATR (Std=0.05, Strict=0.12) | Minimal affirmation bar physique relative to ATR | 0.12 | Solely when utilizing Customized preset |
| (Customized) Min Breach Distance/ATR (Std=0.05, Strict=0.20) | Minimal breach distance previous inside boundary | 0.20 | Solely when utilizing Customized preset |
| Min High quality (0.0-1.0, 0.30=relaxed) | Minimal high quality rating filter | 0.30 | Elevate to 0.50-0.70 for fewer however higher alerts |
| SL Buffer (xATR above/under sample) | Additional distance added to cease loss | 0.10 | Improve for extra respiratory room in unstable markets |
Settings Suggestions
- Begin with all default settings and let the indicator run for just a few days to see the way it performs
- In the event you get too many alerts, elevate the standard threshold or swap the Detection Preset to Strict
- If alerts are too uncommon, decrease the standard threshold or swap the preset again to Customary
- At all times backtest any setting adjustments earlier than utilizing them on a dwell account
Finest Timeframes and Markets
Advisable Timeframes
- M15 — High quality: Medium | Frequency: Excessive | Finest for: Scalpers wanting frequent intraday traps
- H1 — High quality: Excessive | Frequency: Medium | Finest for: Day merchants catching intraday false breakouts
- H4 — High quality: Very Excessive | Frequency: Low-Medium | Finest for: Swing merchants recognizing multi-hour lure setups
- D1 — High quality: Wonderful | Frequency: Low | Finest for: Place merchants catching high-probability day by day traps
Finest Markets
- XAUUSD (Gold): Wonderful — frequent inside bar formations on H1/H4 as a consequence of institutional exercise
- EURUSD, GBPUSD, USDJPY: Superb on all timeframes above M15
- US30, NAS100: Finest on H4 and Every day — clear institutional lure patterns
- Cryptocurrency (BTCUSD): Use H4/Every day timeframe for clearer Hikkake formations
The indicator works on any image and timeframe, however these combos have a tendency to provide essentially the most dependable alerts.
Getting Began — Fast Setup
Comply with these steps to begin utilizing Hikkake Buying and selling System:
- Open MetaTrader 5 and cargo your most popular chart (really helpful: XAUUSD on H1)
- Within the Navigator panel, increase ‘Indicators’ after which ‘Customized’, and discover “Hikkake Buying and selling System”
- Drag it onto your chart
- A settings window seems — hold Detection Preset on “Customary” and click on OK to make use of defaults
- Look ahead to inexperienced and purple arrows showing on the chart when Hikkake patterns kind
- After observing just a few alerts, modify the High quality Threshold if wanted (elevate for fewer, higher alerts)
- Allow push notifications within the Alert settings to obtain cell alerts when new patterns seem
That is it! The indicator is now scanning your charts robotically and can warn you when high-quality Hikkake patterns seem.
All Options at a Look
- Automated Hikkake sample detection (bullish and bearish)
- 5-factor weighted high quality scoring (InsideBar, ConfirmBody, InsideRange, DirChange, BreachDepth)
- Detection Preset System (Customary/Strict/Customized)
- Drift bar validation to stop duplicate detections
- Pending order entry mode for confirmed reversals
- Sign states and lifecycle monitoring (Pending → Energetic → Completed)
- High quality filter to reject weak patterns under threshold
- Excessive zone filter (overbought/oversold rejection)
- Stoploss hunt filter (liquidity sweep validation)
- Reverse sign filter (forestall conflicting alerts)
- Danger/Reward with 3 cease loss strategies (Donchian, ATR, Sample)
- As much as 4 take revenue ranges (TP1-TP4)
- Donchian Channel trailing cease loss
- MTF Scanner (as much as 150 symbols × 8 timeframes)
- Market construction evaluation (BOS / CHOCH)
- 4-channel alert system (popup, sound, push, electronic mail)
- Sign statistics dashboard
- Skilled chart themes (Darkish, Gentle, Customized)
- EA sign buffers for automated buying and selling
For detailed guides on every characteristic, see the MANUAL included with the indicator.
Widespread Questions
Q: Why does the Hikkake sample want 4 or extra bars to kind?
The 4-bar construction (setup + inside + fakeout + affirmation) is important to determine the false breakout lure. The within bar creates compression, the fakeout triggers breakout merchants, and the affirmation reveals the lure has sprung. Skipping any bar means the sample has not accomplished its lure cycle.
Q: What’s the greatest timeframe for Hikkake patterns?
H1 and H4 present the most effective steadiness of sign high quality and frequency. Greater timeframes (D1) give fewer however extra dependable alerts. M15 works for scalping however requires stricter high quality filters to cut back noise.
Q: How do I cut back false alerts?
Change the Detection Preset to Strict, which tightens all thresholds. You can even elevate the High quality Threshold to 0.50-0.70 to see solely the strongest patterns. Enabling the Stoploss Hunt filter provides a further layer of validation.
Q: How is that this completely different from a daily Inside Bar indicator?
Common inside bar indicators solely detect the within bar itself. The Hikkake particularly seems to be for the false breakout lure after the within bar — a way more highly effective setup as a result of it captures trapped merchants who entered on the flawed facet of the breakout, creating gas for the actual transfer.
Q: Why does it use pending orders as a substitute of market orders?
The Hikkake entry is on the inside bar boundary reverse the fakeout. Utilizing a pending order (purchase cease or promote cease) ensures you solely enter if worth truly reaches the affirmation stage, stopping untimely entries on bars that haven’t but closed past the boundary.
What’s New — Model v1.00
That is the v1.00 launch of Hikkake Buying and selling System. Key options embody:
- Automated Hikkake detection with full 4-bar construction validation (setup, inside, fakeout, affirmation)
- 5-factor weighted high quality scoring system (InsideBar containment, ConfirmBody energy, InsideRange, DirChange, BreachDepth)
- Detection Preset System (Customary/Strict/Customized) for versatile threshold management
- Drift bar examine to stop duplicate sample detections
- 3 cease loss strategies: Donchian Channel, ATR-based, and Sample-based
- 7-layer sign filter chain for high-quality alerts
- Multi-timeframe scanner supporting 150 symbols throughout 8 timeframes
- Market construction evaluation with BOS and CHOCH detection
- 4-channel notification system (popup, sound, push, electronic mail)
- Skilled chart themes (Darkish, Gentle, Customized)
Getting Assist
When you have questions or want help:
I am dedicated to serving to you get essentially the most out of this indicator.
Able to Begin?
Hikkake Buying and selling System is designed to save lots of you time and make it easier to discover high-probability Hikkake patterns robotically. Connect the indicator to your chart and begin with the default settings — you may fine-tune the whole lot later as you get comfy with the way it works.
Completely satisfied buying and selling!
Ich Khiem Nguyen
Hikkake Buying and selling System v1.00 — Created February 2026