| 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 elements displayed on the chart | ||
| Consumer Information: Buying and selling Traces & Sign Monitoring System | The system mechanically attracts Entry, Cease Loss, and Take Revenue strains (TP 1–4) on the chart, tracks value motion for hits, information Win/Loss outcomes, and shows real-time efficiency statistics. | |||
| Consumer Information : Visualization, Zone Fill, Sign Dashboard & Cancelled Alerts | If you connect an indicator to a chart, the system renders the next visible elements for every detected sign | |||
| Consumer Information: MTF SCAN & Dashboard Consumer Information | MTF SCAN mechanically scans all Market Watch symbols throughout 8 timeframes (M1 to W1) and shows outcomes on a Dashboard grid instantly in your chart. | |||
| Consumer Information : Chart Theme Consumer Information | Chart Theme is a characteristic that adjustments your entire chart coloration scheme in MetaTrader 5 — together with the background, candles, grid, textual content, and Bid/Ask strains — with a single click on. | |||
| 4 | CORE CONCEPTS | Basic ideas that the system is constructed upon | ||
| Consumer Information: Market Construction Performance within the Buying and selling System | Identifies pattern path (Uptrend, Downtrend, Ranging) by analyzing swing highs/lows, and detects key occasions: BOS (pattern continuation) and CHoCH (potential pattern reversal). | |||
| Consumer Information : Sign Varieties, 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 value path and gives steered entry, cease loss, and take revenue ranges. | |||
| 5 | SIGNAL FILTERS | Filters that refine and validate buying and selling alerts | ||
| Consumer Information: Commerce Path (Path Filter) within the Buying and selling System | Defines the allowed buying and selling path (Purchase solely, Promote solely, each, or neither) as the primary filter earlier than looking for entry alerts, based mostly on present market pattern. | |||
| Consumer Information: Sign Zone Filter within the Buying and selling System | Eliminates alerts not close to vital value zones, retaining solely these related to market buildings (swing excessive/low, BOS, CHoCH) to scale back noise. | |||
| Consumer Information: StoplossHunt Filter Consumer Information — Filtering “SL Sweep” Alerts | Identifies higher-probability alerts by checking whether or not value “swept stoploss” earlier than forming a sample. | |||
| Consumer Information : Excessive Zone Filter |
Excessive Zone Filter is a sign filtering characteristic that helps keep away from coming into trades when value is on the high or backside of a Donchian value channel. | |||
| Consumer Information: Reverse Sign Filter | The Reverse Sign Filter is an automated characteristic that stops new alerts from showing when you have already got an energetic commerce working in the other way.The precept may be very easy: Do not buy whenever you’re promoting. Do not promote whenever you’re shopping for. | |||
| Consumer Information : High quality Filter Consumer Information | High quality Filter is a characteristic that helps you obtain solely one of the best alerts — value patterns shaped clearly, with balanced proportions and excessive reliability — and reject weak alerts, boring patterns, and people under customary. | |||
| 6 | TRADE MANAGEMENT | |||
| Consumer Information : Threat/Reward & SL Technique Consumer Information | Threat/Reward (R:R) is the ratio between the amount of cash you settle for shedding (Threat) and the amount of cash you anticipate to realize (Reward) in a single commerce. | |||
| Consumer Information: Trailing Cease Loss (TSL) Consumer Information | Common Cease Loss (SL) stays mounted in a single place. You set SL at 1990.00, and it stays there ceaselessly — even when value has risen to 2030.00.Trailing Cease Loss (TSL) is completely different. It mechanically strikes in your favor when value advances. As value strikes up, TSL strikes up with it. When value stalls or reverses, TSL holds one of the best 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 inside the Inputs tab, optimizing commerce discovery on a single chart or throughout your entire market. | |||
| 8 | ALERTS & NOTIFICATIONS | |||
| Consumer Information: Alerts & Notifications Consumer 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
BeltHoldTradingSystem 1.00
Single-Candle Reversal from an Opening Excessive
Writer: Ich Khiem Nguyen | MQL5: https://www.mql5.com/en/customers/khiemni/vendor
What’s BeltHoldTradingSystem?
BeltHoldTradingSystem detects Belt Maintain candlestick patterns in your MetaTrader 5 charts mechanically. The indicator evaluates every accomplished bar towards 4 structural gates, scores surviving patterns throughout six weighted high quality components, and enters instantly on the candle shut when a legitimate Belt Maintain is confirmed. Entry value, cease loss, and take revenue ranges are drawn instantly on the chart so you’ll be able to assess the commerce slightly than carry out the calculations manually.
What Is a Belt Maintain Sample?
A Belt Maintain is a single-candle reversal formation through which the candle opens at one excessive of its vary — the bottom value for a bullish setup or the best value for a bearish setup — and closes strongly in the other way. The open-side shadow is absent or negligible (the “shaved” aspect), whereas the shut aspect might carry a small permitted shadow. This asymmetry alerts that one aspect of the market took management on the very begin of the session and by no means relinquished it.
The Belt Maintain is often known as an Opening Marubozu as a result of it shares the Marubozu household’s defining characteristic: an open that equals the session excessive. The place a Full Marubozu requires either side to be shaved, the Belt Maintain requires solely the open aspect to be shaved, making it extra frequent and reflecting a broader vary of reversal eventualities.
Bulkowski’s analysis locations the Bullish Belt Maintain at a 71% reversal fee and the Bearish Belt Maintain at 68% — among the many extra dependable single-candle reversal formations.
Bullish Belt Maintain
Seems after a downtrend. The candle opens at its low — no decrease shadow exists under the physique — and closes close to the prime quality. Sellers had no alternative to push under the open; patrons managed the session from the primary tick. When this construction types after not less than two declining bars, the indicator classifies it as a Bullish Belt Maintain.
Bearish Belt Maintain
Seems after an uptrend. The candle opens at its excessive — no higher shadow exists above the physique — and closes close to the underside of the vary. Consumers had no alternative to push above the open; sellers managed the session from the primary tick. When this construction types after not less than two rising bars, the indicator classifies it as a Bearish Belt Maintain.
Development Context Detection
The indicator examines the three bars instantly earlier than every candidate candle. If not less than two of these bars are declining (decrease closes), the sample is classed as a Bullish Belt Maintain. If not less than two are rising (greater closes), it turns into a Bearish Belt Maintain. When context is ambiguous — neither path reaching the two-bar threshold — the indicator defaults to the candle physique path (bullish physique → Bullish Belt Maintain; bearish physique → Bearish Belt Maintain).
How the Indicator Finds Patterns
The indicator evaluates every accomplished bar towards 4 sequential gates. All 4 should move for a sign to be generated.
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Forbidden shadow gate: The shadow on the open aspect should stay at or under the utmost allowed ratio of complete vary (Customary: 5%, Strict: 3%). That is the defining criterion of the Belt Maintain — the shaved open aspect. A candle with significant shadow on the open aspect isn’t a Belt Maintain, and this gate is handled as a tough rule that can’t be bypassed by high quality scoring.
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Physique ratio gate: The candle physique should signify not less than the minimal required fraction of complete vary (Customary: 70%, Strict: 75%). This confirms that the physique dominates the candle construction and that the session’s directional transfer was sturdy and sustained.
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Physique/ATR gate: The candle physique should equal or exceed the minimal a number of of ATR (Customary: 0.40×, Strict: 0.50×). This rejects small candles forming throughout low-volatility classes, which carry restricted directional significance.
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Allowed shadow gate: The shadow on the shut aspect should stay at or under the utmost allowed ratio of complete vary (Customary: 20%, Strict: 15%). A big shadow on the shut aspect would counsel vital counter-pressure late within the session, which weakens the reversal story.
Solely candles passing all 4 gates proceed to high quality scoring and sign registration.
High quality Rating — Evaluating Sample Energy
Each sample that clears detection receives a high quality rating between 0.00 and 1.00. Six components contribute to this rating, every weighted by its contribution to the Belt Maintain’s structural integrity.
High quality Elements
| Issue | Weight | What It Measures | Path |
|---|---|---|---|
| QF-1: Forbidden Shadow Ratio | 0.35 | Absence of shadow on the open aspect — smaller is best | INVERTED |
| QF-2: Physique/ATR | 0.25 | Candle physique dimension relative to latest volatility | Perfect (0.60, 2.50) |
| QF-3: Physique Ratio | 0.20 | Proportion of candle vary occupied by physique | Perfect (0.80, 1.00) |
| QF-4: Allowed Shadow Ratio | 0.10 | Shadow on shut aspect — smaller is best | INVERTED |
| QF-5: Shut vs Prior Vary | 0.05 | How far present shut extends into prior candle’s vary | Perfect (0.50, 1.20) |
| QF-6: Relative Physique | 0.05 | This candle’s physique in comparison with earlier candle physique | Perfect (1.00, 3.50) |
QF-1 and QF-4 are inverted components: decrease values produce greater scores. QF-1 carries the best weight (0.35) as a result of the near-absent forbidden shadow is the core structural requirement of the Belt Maintain — patterns with a superbly shaved open aspect rating considerably greater than these close to the detection restrict.
Rating Grades
- Grade A (0.80 – 1.00) — Glorious: Close to-perfect open-side shave, giant physique relative to ATR, physique ratio above 0.85
- Grade B (0.60 – 0.79) — Good: Dependable setups with sturdy forbidden shadow rating and stable physique metrics
- Grade C (0.40 – 0.59) — Common: Legitimate construction however open-side shave is close to the detection threshold; use with further affirmation
- Grade D (0.20 – 0.39) — Beneath Common: Marginal setup; greater false sign threat
- Grade F (0.00 – 0.19) — Poor: Keep away from buying and selling these alerts
High quality Threshold
The default minimal high quality is 0.30. Adjusting this threshold adjustments which patterns seem on the chart:
- 0.50 – 0.65: Exhibits solely probably the most structurally sound Belt Holds with near-perfect open-side shaving and robust physique metrics — fewer alerts with greater per-signal high quality
- 0.20 – 0.30: Exhibits extra alerts together with weaker structural examples — helpful for analysis or finding out the sample throughout completely different market circumstances
- Tip: Begin with the default 0.30 in your chosen image and timeframe and observe a number of dozen alerts earlier than adjusting
Entry Mode: Fast
In contrast to patterns that use pending cease orders, the Belt Maintain makes use of rapid entry on the candle shut. When a legitimate Belt Maintain is confirmed on bar shut, the system enters the commerce at that second slightly than ready for a breakout above the sample excessive or under the sample low.
This displays the character of the sample: the open-at-extreme construction means the rejection occurred on the very begin of the session. Ready for a breakout would delay entry past the sign occasion. Fast entry captures the total transfer that sometimes follows.
Buying and selling Ranges
Bullish Belt Maintain:
- Entry = shut of the Belt Maintain candle
- Cease Loss = sample low − 0.25×ATR
Bearish Belt Maintain:
- Entry = shut of the Belt Maintain candle
- Cease Loss = sample excessive + 0.25×ATR
The cease loss buffer of 0.25×ATR is positioned past the alternative excessive of the Belt Maintain candle. For a Bullish Belt Maintain, the sample low is the candle’s open (and low), which is the extent the place patrons stepped in on the session begin — a break under this degree invalidates the reversal premise.
Take revenue ranges are calculated from entry utilizing configurable risk-reward multiples (default: 1R, 2R, 3R, 5R from entry to cease distance).
What You See on the Chart
When a Belt Maintain sample passes all detection gates and high quality filters, the indicator attracts the next:
Sign Markers
- Arrow icons: Blue upward arrows mark Bullish Belt Maintain patterns; orange downward arrows mark Bearish Belt Maintain patterns. Grey arrows point out alerts blocked by an energetic filter such because the Reverse Sign filter.
- High quality labels: A numeric rating (e.g., “0.74”) seems close to every sign, exhibiting how the sample ranked throughout all six high quality components.
Buying and selling Traces
- Entry line: An orange horizontal line on the rapid entry degree — the shut of the Belt Maintain candle
- Cease Loss line: A crimson horizontal line labeled “SL” — positioned under the sample low (Bullish) or above the sample excessive (Bearish) with an ATR buffer
- Take Revenue strains: As much as 4 inexperienced horizontal strains labeled TP1 by means of TP4, spaced at configurable R:R multiples from the entry degree
Visible Zones
- Sample spotlight: A shaded rectangle spans the Belt Maintain candle, making it simple to determine which bar triggered the sign. The chance zone between entry and SL is shaded in crimson; reward zones between entry and every TP degree are shaded progressively lighter.
- Monitoring dots: Small coloured dots replace because the sign state adjustments — white for pending (rapid entry, monitoring), yellow for energetic, inexperienced for goal hit, crimson for cease hit.
Sign Lifecycle
- Energetic: Fast entry positioned at candle shut — commerce is dwell
- Goal Hit: Worth reached a take revenue degree
- Cease Hit: Worth reached the cease loss
- Cancelled: Sign invalidated earlier than shut
Settings You Can Modify
Detection Parameters
| Setting | What It Does | Default | When to Change |
|---|---|---|---|
| ATR Interval for volatility | Bars used to calculate ATR, normalizing all range-based thresholds to present volatility | 14 | Improve to twenty+ for smoother ATR on noisy markets |
| Max Bars to Scan (historical past depth) | Historic bars scanned on first load to show previous patterns | 3000 | Improve for extra historical past on greater timeframes |
| Min Bars Between Patterns | Minimal hole between two consecutive alerts | 5 | Improve to 7-10 if alerts cluster; lower to three for extra |
| Detection Preset | Switches between Customary, Strict, and Customized modes | PRESET_STANDARD | Use Strict for higher-conviction setups |
| High quality Rating Filter | Allows the standard filter | true | Preserve enabled for dwell buying and selling |
| Min High quality (0.0-1.0) | Minimal high quality rating a sample should obtain to show | 0.30 | Increase to 0.50+ for fewer however stronger alerts |
Detection Preset Values
| Parameter | STANDARD | STRICT |
|---|---|---|
| Max Forbidden Shadow Ratio | 0.05 (5%) | 0.03 (3%) |
| Min Physique/ATR | 0.40 | 0.50 |
| Min Physique Ratio | 0.70 (70%) | 0.75 (75%) |
| Max Allowed Shadow Ratio | 0.20 (20%) | 0.15 (15%) |
Customized Threshold Parameters
| Setting | What It Does | Default | When to Change |
|---|---|---|---|
| (Customized) Max Forbidden Shadow Ratio | Most open-side shadow as a fraction of complete vary (Std=0.05, Strict=0.03) | 0.05 | Lower to 0.02 for near-perfect shaves solely |
| (Customized) Min Physique/ATR | Minimal physique dimension as a a number of of ATR (Std=0.40, Strict=0.50) | 0.40 | Improve to 0.60+ to require bigger, extra vital candles |
| (Customized) Min Physique Ratio | Minimal physique as a fraction of complete vary (Std=0.70, Strict=0.75) | 0.70 | Improve to 0.80 for dominant-body requirement |
| (Customized) Max Allowed Shadow Ratio | Most close-side shadow as a fraction of vary (Std=0.20, Strict=0.15) | 0.20 | Lower to 0.10 for near-shadowless candles |
| SL Buffer (xATR past sample excessive) | Offset positioned past the sample low (Bullish) or excessive (Bearish) | 0.25 | Improve to 0.35 on risky devices |
Settings Ideas
- Start with the Customary preset and default high quality threshold in your chosen image; observe not less than two to 3 weeks of alerts earlier than adjusting
- If Customary produces too many alerts on XAUUSD H1, increase Min High quality to 0.50 slightly than switching to Strict — this preserves detection sensitivity whereas filtering out weaker structural examples
- The forbidden shadow gate (5% Customary) is extra permissive than the Strict worth (3%); on markets the place clear Belt Holds are frequent, Strict produces a cleaner sign set
- Keep away from reducing the SL buffer under 0.20×ATR — Belt Maintain lows/highs are the logical invalidation level for the reversal, and a few retesting of that degree is regular earlier than the transfer develops
Finest Timeframes and Markets
Advisable Timeframes
- H1 — High quality: Excessive | Frequency: Medium | Finest for: Day merchants looking for clear reversal setups at intraday assist and resistance ranges; advisable place to begin
- H4 — High quality: Excessive | Frequency: Decrease | Finest for: Swing merchants who need well-formed Belt Maintain patterns with sturdy follow-through potential
- M15 — High quality: Medium | Frequency: Excessive | Finest for: Scalpers wanting frequent Belt Maintain alerts throughout energetic session hours
- D1 — High quality: Highest | Frequency: Low | Finest for: Place merchants looking for textbook Belt Maintain formations at main each day construction ranges
Finest Markets
- XAUUSD (Gold): Belt Maintain patterns on H1 and H4 incessantly mark vital intraday reversal factors, significantly throughout London and New York session crossovers
- Main foreign exchange pairs (EURUSD, GBPUSD, USDJPY): Belt Maintain formations are frequent at key intraday ranges, particularly close to spherical numbers and session open costs
- Indices (US30, NAS100): Bearish Belt Maintain patterns close to prior highs and Bullish Belt Maintain patterns close to prior lows can mark intraday turning factors
- Oil (USOIL): Robust Belt Maintain formations seem after sharp directional strikes on H1 and H4
The indicator works on any image and timeframe. H1 with the Customary preset on XAUUSD is the advisable beginning configuration.
Getting Began — Fast Setup
- Open MetaTrader 5 and cargo a chart (XAUUSD on H1 is an efficient place to begin)
- Within the Navigator panel (Ctrl+N), develop Indicators → Customized and find BeltHoldTradingSystem
- Drag the indicator onto the chart
- Within the settings dialog, choose Detection Preset (Customary advisable for first use) and click on OK — the indicator will scan historical past and show detected patterns instantly
- Observe the alerts: blue upward arrows point out Bullish Belt Maintain patterns; orange downward arrows point out Bearish Belt Maintain patterns
- Test the standard rating on every sign — give attention to patterns scoring 0.50 or greater when beginning out
- Elective: Allow alerts within the ALERTS part to obtain notifications when new patterns type in real-time
All Options at a Look
- Computerized Bullish and Bearish Belt Maintain (Opening Marubozu) single-candle detection on any image and timeframe
- 4-gate structural detection: forbidden shadow ratio (HARD RULE), physique ratio, physique/ATR, allowed shadow ratio
- 6-factor weighted high quality scoring (forbidden shadow inverted 0.35, physique/ATR 0.25, physique ratio 0.20, allowed shadow inverted 0.10, shut vs prior vary 0.05, relative physique 0.05)
- Development context detection utilizing 3-bar prior value motion: downCount >= 2 → Bullish, upCount >= 2 → Bearish
- 3 detection presets: Customary, Strict, Customized (user-defined thresholds)
- Fast entry at candle shut (not pending order)
- Sign states and lifecycle monitoring
- High quality filter to suppress weak patterns under threshold
- Excessive zone filter (overbought/oversold rejection)
- Stoploss hunt filter (liquidity sweep validation)
- Reverse sign filter (forestall conflicting alerts)
- Threat/Reward with 3 cease loss strategies (Donchian Channel, ATR, Sample)
- As much as 4 take revenue ranges (TP1-TP4) at configurable R:R ratios
- 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, e-mail)
- Sign statistics dashboard
- Skilled chart themes (Darkish, Mild, Customized)
- EA sign buffers for automated buying and selling
For detailed guides on every characteristic, see the MANUAL included with the indicator.
Frequent Questions
Q: What’s the distinction between a Belt Maintain and a Marubozu?
Each patterns belong to the identical structural household. A Full Marubozu requires each the open and the near be on the session extremes — no shadow on both aspect. A Belt Maintain (Opening Marubozu) requires solely the open aspect to be shaved; the shut aspect might carry a small shadow. The Belt Maintain is extra frequent and captures a broader set of reversal eventualities the place sellers (or patrons) dominate from the beginning however value doesn’t essentially shut on the absolute excessive.
Q: Why does the indicator use rapid entry as an alternative of a Purchase Cease or Promote Cease?
The Belt Maintain’s defining characteristic is that the open equals the session excessive — the rejection level occurred on the very begin of the candle, not at a breakout degree above or under. Ready for value to interrupt above the excessive (as with a Purchase Cease) would delay entry nicely after the sign occasion. Fast entry on the shut captures the transfer as outlined by the sample’s construction.
Q: Why is the forbidden shadow gate described as a tough rule?
A candle with significant shadow on the open aspect is structurally distinct from a Belt Maintain — it means patrons (or sellers) had been pushed away from the open earlier than recovering, which tells a distinct story. No quantity of physique energy or high quality scoring compensates for a violated open-side construction. The forbidden shadow gate can’t be bypassed by elevating the standard threshold; it should move on the detection degree.
Q: What does “pattern context” imply for the Belt Maintain?
The indicator checks the three bars earlier than the candidate candle. For a bullish physique candle to be labeled as a Bullish Belt Maintain, not less than two of these bars should be declining. For a bearish physique candle to be a Bearish Belt Maintain, not less than two should be rising. If the context is ambiguous, the indicator defaults to classifying based mostly on candle physique path. The Bulkowski statistics (71% bullish / 68% bearish reversal fee) are based mostly on context-aware classification.
Q: What if each Bullish and Bearish Belt Maintain alerts seem on the identical space?
If the Reverse Sign filter is enabled (InpOppositeFilter = true), the indicator prevents conflicting alerts from being registered concurrently. When a sign in the other way is already energetic, new alerts will both be blocked fully or proven as grey blocked arrows relying on the InpShowBlockedIndicator setting.
Q: How do I scale back the variety of alerts?
Increase the Min High quality threshold to 0.50 or greater. You may as well change to the Strict preset (tighter forbidden shadow and physique thresholds), allow the Path Filter to limit alerts to the dominant pattern path, or allow the Excessive Zone Filter to dam alerts close to overbought/oversold extremes.
What’s New — Model 1.00
That is the preliminary launch of BeltHoldTradingSystem. Key options embody:
- Belt Maintain (Opening Marubozu) detection utilizing 4-gate structural validation with hard-rule forbidden shadow enforcement
- 6-factor weighted high quality scoring with forbidden shadow dominance (0.35 weight) rewarding completely shaved open-side buildings
- Development context detection from 3-bar prior value motion to tell apart Bullish and Bearish Belt Maintain variants
- Customary and Strict presets, plus totally customizable Customized threshold mode
- Fast entry at candle shut — no pending cease order required
- 7-layer filter chain (High quality, Excessive Zone, Path, Stoploss Hunt, Sign Zone, Market Construction, Reverse Sign)
- Multi-timeframe scanner overlaying as much as 150 symbols and eight timeframes concurrently
- Automated Entry/SL/TP ranges with Donchian Channel trailing cease
- 4-channel alert system (popup, sound, push notification, e-mail)
- EA sign buffers enabling automated buying and selling programs to eat Belt Maintain alerts through iCustom()
- Skilled chart themes (Darkish, Mild, Customized) for prolonged buying and selling classes
Getting Assist
When you have questions or want assist:
Able to Begin?
BeltHoldTradingSystem identifies the structural second when one aspect of the market takes management from the opening tick and holds it by means of the shut. Connect the indicator to your chart, begin with the Customary preset on XAUUSD H1, and observe how the open-side shaving aligns with the reversals you’d determine manually.
Blissful buying and selling!
Ich Khiem Nguyen
BeltHoldTradingSystem 1.00 — Created 2026-02-24