Mirage Buying and selling System | Purchase Buying and selling Indicator for MetaTrader 5
Person Information: Buying and selling Strains & Sign Monitoring
Introduction
When the product detects a buying and selling alternative, it attracts horizontal traces on the chart to point out you precisely:
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The place to enter (Entry)
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The place to position cease loss (Cease Loss)
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The place to take revenue (Take Revenue 1, 2, 3, 4)
On the identical time, the product robotically tracks whether or not worth touches these ranges, data win/loss outcomes, and shows statistics immediately on the chart.
1. Strains on the Chart
1.1. Every Line Has Its Personal Shade for Straightforward Recognition
When a brand new sign seems, you may see horizontal traces on the chart:
| Line | Shade | What does it imply? |
|---|---|---|
| Entry | Blue | Value degree to enter Purchase or Promote |
| Cease Loss | Purple | Cease loss degree – if worth touches right here, you lose |
| TP1 | Inexperienced | First take revenue degree (closest) |
| TP2 | Yellow | Second take revenue degree |
| TP3 | Orange | Third take revenue degree |
| TP4 | Purple | Fourth take revenue degree (farthest, highest revenue) |
| Accomplished | Grey | Sign is completed (touched TP or SL) |
3. Moreover, you may see arrows on the chart:
Tip: Select alerts with R:R ratio of 1.5 or greater. This implies every win earns you greater than every loss, so even with a 50% win price, you may nonetheless be worthwhile.
2. Sign Levels
Every sign on the chart goes by way of the next levels:
Stage 1: Awaiting Affirmation
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Sign simply appeared, traces are extending on the chart
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You possibly can evaluate and put together to enter
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Stage 2: Working
Stage 3: Outcome Out there
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Value has touched TP or SL
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Strains flip grey – you understand instantly the sign has ended
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Outcome (win/loss, what number of pips) is recorded in statistics
Stage 4: Expired
3. Automated Outcome Monitoring
That is an important characteristic – the product robotically tracks worth and data outcomes for you.
3.1. What Does the Product Do?
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Tracks every new candle: checks if worth touched Entry, TP1-TP4, or SL
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Detects worth gaps: if worth “jumps” previous a degree (e.g., opens above TP1), the product nonetheless data it as touched
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Scans historical past: if you connect the product to a chart, it scans previous candles to find out outcomes of historic alerts
3.2. Essential Rule: TP Takes Precedence Over SL
Actual-world instance:
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Identical candle, worth touched each TP2 (degree 2050) and SL (degree 2045)
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Outcome: recorded as WIN at TP2
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Purpose: in actuality, you’d have taken revenue at TP2 first. SL solely counts when no TP has been touched
Merely put:
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If worth touched TP1, then later touched SL, it nonetheless counts as a win
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SL solely counts as a loss when worth touches SL earlier than all TPs
3.3. Overview Historical past Instantly When Activated
Once you connect the product to a chart or swap timeframes:
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Product scans backward by way of previous candles
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Robotically determines outcomes of previous alerts
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Instantly shows accomplished traces with appropriate outcomes
Tip: You possibly can scroll the chart again in time to see how previous alerts carried out – like viewing a visible “commerce historical past” on the chart.
4. Outcome Strains (Strains Connecting Entry to TP/SL)
After a sign has a consequence, the product attracts a connecting line to point out you the worth journey clearly:
4.1. If Win (Value Touched TP)
A inexperienced line is drawn from Entry degree to the touched TP degree, with totally different colours relying on the extent:
4.2. If Loss (Value Touched SL)
A crimson line is drawn from Entry degree to SL degree
4.3. Round Markers
On the candle the place worth touched TP or SL, the product locations a round marker so you understand precisely which candle decided the consequence.
Tip: Observe consequence traces to study – see how far worth sometimes runs after a sign earlier than reversing.
5. Revenue/Loss Shade Zones
The product evenly shades areas on the chart so you possibly can see at a look the place revenue and loss zones are:
Loss Zone (between Entry and Cease Loss)
Revenue Zone (between Entry and TP ranges)
Fast Threat:Reward Visible Verify
Tip: A very good sign ought to have a revenue zone not less than 1.5 occasions the dimensions of the loss zone.