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RC Soldiers and Crows MT5

5

This indicator accurately identifies and informs market reversals and continuation patterns by analyzing and signaling the Three White Soldiers / Three Black Crows pattern. It also offers a "real-time backtesting" panel in the indicator itself in a way that every change made on the indicator parameters will immediately show the user how many signals are occurred, how many take profits and stop losses were hit and, by having these informations, the Win Rate and the Profit Factor of the setup based on the parameters defined by the user.

  • User-friendly interface and multi-asset compatibility
  • Fully customizable parameters and colors
  • Clean panel with real-time backtesting and statistics informations
  • Offers many different traditional indicators to filter the signals (Moving Average, Bollinger Bands, Parabolic Sars, ADX and RSI), allowing them to be used together within the indicator itself to optimize the best signals suitable for the user's strategy and knowledge
  • Time hours filter, so that the user can backtest and have signals only within the time range compatible to his trading routine
  • Displays Take Profit and Stop Loss levels defined by the user based on: a) Fixed points, b) Pivot levels or c) x candles before the signal
  • Switch on/off Alerts and App Notifications when new signals occur
  • Does not repaint
  • Can be easily convert its signals into an Expert Advisor. Full support granted.

FOR MT4 VERSION: CLICK HERE 

//+-------------------------------------------------------------------------+
//|                                  	     RC_Soldiers_Crows_EA_Sample.mq5|
//|                                          Copyright 2024, Francisco Rayol|
//|                                                https://www.rayolcode.com|
//+-------------------------------------------------------------------------+
#property description "RC_Soldiers_Crows_EA_Sample"
#property version   "1.00"
#property strict
#property script_show_inputs

#include <Trade\Trade.mqh>
#include <Trade\PositionInfo.mqh>

CTrade         Ctrade;
CPositionInfo  Cposition;

enum en_options
  {
   Yes = 0,             // Yes
   No = 1,              // No
  };

enum tp_type
  {
   Fixed_tp = 0,        // Fixed Take Profit
   Indicator_tp = 1,    // Take Profit from indicator
  };

enum sl_type
  {
   Fixed_sl = 0,        // Fixed Stop Loss
   Indicator_sl = 1,    // Stop Loss from indicator
  };

//--- input parameters
input int              inMagic_Number = 18272;          // Magic number
//----
input double           inLot_Size = 0.01;               // Initial lot size
//----
input tp_type          inTP_Type = 0;                   // Choose Take Profit method
input double           inTake_Profit = 150.0;           // Fixed Take Profit (in points)
input sl_type          inSL_Type = 0;                   // Choose Stop Loss method
input double           inStop_Loss = 100.0;             // Fixed Stop Loss (in points)
//----
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
//--- signal handles
int   handle_rc_soldiers_crows;
//--- signal arrays
double RC_Buy_Signal[], RC_Sell_Signal[], RC_Take_Profit[], RC_Stop_Loss[];
//--- global variables
int   initial_bar;

//+------------------------------------------------------------------+
//| Expert initialization function                                   |
//+------------------------------------------------------------------+
int OnInit()
  {
//---
   initial_bar = iBars(_Symbol,_Period);
//---
//--- RC Soldiers and Crows indicator handle
   handle_rc_soldiers_crows = iCustom(_Symbol, PERIOD_CURRENT, "\\Indicators\\Market\\RC_Soldiers_Crows.ex5");
   if(handle_rc_soldiers_crows == INVALID_HANDLE)
     {
      Print("Error getting information from \"RC_Soldiers_Crows\" indicator, check input parameters and try again");
      Alert("Error getting information from \"RC_Soldiers_Crows\" indicator, check input parameters and try again");
      return(INIT_FAILED);
     }
//---
   ArraySetAsSeries(RC_Buy_Signal, true);
   ArraySetAsSeries(RC_Sell_Signal, true);
   ArraySetAsSeries(RC_Take_Profit, true);
   ArraySetAsSeries(RC_Stop_Loss, true);
//---
   Ctrade.SetExpertMagicNumber(inMagic_Number);
//---
   return(INIT_SUCCEEDED);
  }
//+------------------------------------------------------------------+
//| Expert deinitialization function                                 |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
  {
//---
   Comment("");
  }
//+------------------------------------------------------------------+
//| Expert tick function                                             |
//+------------------------------------------------------------------+
void OnTick()
  {

//--- Ask and Bid prices
   double Ask = SymbolInfoDouble(_Symbol,SYMBOL_ASK);
   double Bid = SymbolInfoDouble(_Symbol,SYMBOL_BID);
//+------------------------------------------------------------------+
//--- Indicator Signals
//--- RC_Soldiers_Crows signal: buy
   if(CopyBuffer(handle_rc_soldiers_crows,0,0,2,RC_Buy_Signal)<=0) // Buy signal
     {
      Print("Getting RC_Soldiers_Crows data is failed! Error ",GetLastError());
      return;
     }
//--- RC_Soldiers_Crows signal: sell
   if(CopyBuffer(handle_rc_soldiers_crows,1,0,2,RC_Sell_Signal)<=0) // Sell signal
     {
      Print("Getting RC_Soldiers_Crows data is failed! Error ",GetLastError());
      return;
     }
//--- RC_Soldiers_Crows signal: take profit
   if(CopyBuffer(handle_rc_soldiers_crows,10,0,2,RC_Take_Profit)<=0) // Take Profit price
     {
      Print("Getting RC_Soldiers_Crows data is failed! Error ",GetLastError());
      return;
     }
//--- RC_Soldiers_Crows signal: stop loss
   if(CopyBuffer(handle_rc_soldiers_crows,11,0,2,RC_Stop_Loss)<=0) // Stop Loss price
     {
      Print("Getting RC_Soldiers_Crows data is failed! Error ",GetLastError());
      return;
     }
//+------------------------------------------------------------------+
//---
   if(!F_CheckOpenOrders() && initial_bar!=iBars(_Symbol,_Period))
     {
      if(RC_Buy_Signal[1] != 0.0 && RC_Buy_Signal[1] != EMPTY_VALUE)
        {
         if(Ctrade.Buy(inLot_Size, _Symbol, Ask, inSL_Type == 0 ? Bid - inStop_Loss*_Point : RC_Stop_Loss[1],
                       inTP_Type == 0 ? Ask + inTake_Profit*_Point : RC_Take_Profit[1],"Buy open"))
           {
            initial_bar = iBars(_Symbol,_Period);
           }
         else
            Print("Error on opening buy position :"+IntegerToString(GetLastError()));
        }
      else
         if(RC_Sell_Signal[1] != 0.0 && RC_Sell_Signal[1] != EMPTY_VALUE)
           {
            if(Ctrade.Sell(inLot_Size, _Symbol, Bid, inSL_Type == 0 ? Ask + inStop_Loss*_Point : RC_Stop_Loss[1],
                           inTP_Type == 0 ? Bid - inTake_Profit*_Point : RC_Take_Profit[1],"Sell open"))
              {
               initial_bar = iBars(_Symbol,_Period);
              }
            else
               Print("Error on opening sell position :"+IntegerToString(GetLastError()));
           }
     }
//---
  }
//---
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
bool F_CheckOpenOrders()
  {
   for(int i = 0; i<PositionsTotal(); i++)
     {
      Cposition.SelectByIndex(i);
        {
         long ord_magic = PositionGetInteger(POSITION_MAGIC);
         string ord_symbol = PositionGetString(POSITION_SYMBOL);
         ENUM_POSITION_TYPE type = Cposition.PositionType();
         if(ord_magic==inMagic_Number && ord_symbol==_Symbol)
            return(true);
        }
     }
   return(false);
  }
//+------------------------------------------------------------------+

(For a more detailed and complete code of the Expert Advisor above. Link here)


How to trade using this indicator

Although the indicator can be used as a trading system in itself, as it offers information about the Win Rate and Profit Factor, it can also be used in conjunction with some trading systems shown below:


#1 As a confirmation trend in a Moving Average crossing setup

Setup: One fast exponential moving average with 50 periods, one slow exponential moving average with 200 periods, timeframe M5, any volatile asset like XAUUSD for example.

Wait for a crossover between the two averages above. After that, open a position only when the indicator gives a signal after this crossover and in the direction of the trend signaled by the crossing of the faster average in relation to the slower one. Set stop loss at Pivot points for a higher hit rate. (click here for more details)


#2 As a confirmation signal on a Breakout system

Setup: Find the current main trend, draw a consolidation channel and look for breakouts in the direction of it. When the indicator gives a signal outside the channel confirming the breakout open a correspondent position. (click here for more details)


#3 Swing trading on higher timeframes using the inner Moving Average filter

Setup: Add the indicator on a high timeframe like H4 or higher. Use the Moving Average filter, present in the indicator itself. After that, also activate the "One signal direction at a time" option.

Open a buy position when the indicator signals it and close it only when a new sell signal appears or vice versa.

//----

Best results are obtained if you use this setup in the direction of the larger trend and open orders only in its direction, especially in assets that have a clearly defined fundamental bias such as the SP500, Nasdaq index or even Gold.  (click here for more details)

I also strongly recommend reading the article "Trading with a Bias vs. Trading without a Bias: A Deep Dive on How to Boost your Performance in Automatic Trading" for a better understanding on how to achieve better results with algo trading. (click here)

Input parameters

  • Setup defintion: Set the sequence of candles to get the pattern verified; Set how many candles in the past to analyze; Choose which signals to be shown; Only when reversal signal is detected before the pattern; One signal at a time; Reverse the signal; Show statistic panel
  • Visual aspects: Up arrow color; Down arrow color; Take profit line color; Stop loss line color; Color for active current signal; Color for past signals
  • Trade regions definition: Show regions of stop loss; Set the stop loss model (1 - on pivot levels, 2 - fixed points, 3 - candle of sequence); Show regions of take profit, Set the take profit model (1 - fixed points, 2 - x times multiplied by the stop loss)
  • Maximum values definition: Set a maximum value for stop loss in points (true or false); Maximum stop loss points; Set a maximum value for take profit in points (true or false); Maximum take profit points
  • Indicator filter: Choose which indicator to use as a filter (1 - No indicator filter, 2 - Moving average filter, 3 - Bollinger bands filter, 4 - ADX filter, 5 - RSI filter)
  • Hour filter: Use hour filter (true or false); Show hour filter lines (true or false); Time to start hour filter (Format HH:MM); Time to finish hour filter (Format HH:MM)
  • Alert definition: Sound alert every new signal (true or false); Alert pop-up every new signal (true or false); Send notification every new signal (true or false)

Disclaimer

By purchasing and using this indicator, users agree to indemnify and hold harmless its author from any and all claims, damages, losses, or liabilities arising from the use of the indicator. Trading and investing carry inherent risks, and users should carefully consider their financial situation and risk tolerance before using this indicator.





































Reviews 1
wpabon
57
wpabon 2024.08.02 20:20 
 

Awesome indicator, thanks for your quick response.

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Matrix Arrow Indicator MT5  is a unique 10 in 1 trend following   100% non-repainting  multi-timeframe indicator that can be used on all symbols/instruments:   forex,   commodities,   cryptocurrencies,   indices,   stocks .  Matrix Arrow Indicator MT5  will determine the current trend at its early stages, gathering information and data from up to 10 standard indicators, which are: Average Directional Movement Index (ADX) Commodity Channel Index (CCI) Classic Heiken Ashi candles Moving Aver
ATrend
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ATREND: How It Works and How to Use It How It Works The " ATREND " indicator for the MT5 platform is designed to provide traders with robust buy and sell signals by utilizing a combination of technical analysis methodologies. This indicator primarily leverages the Average True Range (ATR) for volatility measurement, alongside trend detection algorithms to identify potential market movements. Leave a massage after purchase and receive a special bonus gift. Key Features: ⦁ Dynamic Trend Det
Introducing the Gold Blitz Scalping Indicator, the ultimate tool for scalping gold on M1, M5, and M15 timeframes. Developed using advanced AI neural networks, this non-repaint indicator ensures consistent profitability and superior trading results. Tailored for precision and efficiency, Gold Blitz Scalping Indicator is optimized to provide the best results on the M15 timeframe. This Indicator Version will only work if the XAUUSD Market move between 2293 to 2473 Range. If Market Move Higher or Lo
Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breako
PZ Swing Trading MT5
PZ TRADING SLU
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Protect against whipsaws: revolutionize your swing trading approach Special Offer: Purchase now to receive free bonuses worth $135! (Read more for details) Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market i
Top indicator for MT5   providing accurate signals to enter a trade without repainting! It can be applied to any financial assets:   forex, cryptocurrencies, metals, stocks, indices .  Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! MT4 version is here It will provide pretty accurate trading signals and tell you when it's best to open a trade and close it. Most traders improve their trading results during the first trading week with the help of
First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one , combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focus
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG, Invert FVG, IFVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, Big Bar, HTF OB, HTF
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Italo Trend Indicator MT5
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BUY INDICATOR AND GET EA FOR FREE AS A BONUS + SOME OTHER GIFTS! ITALO TREND INDICATOR  is the best trend indicator on the market, the Indicator works on all time-frames and assets, indicator built after 7 years of experience on forex and many other markets. You know many trend indicators around the internet are not complete, does not help, and it's difficult to trade, but the Italo Trend Indicator is different , the Italo Trend Indicator shows the signal to buy or sell, to confirm the signal t
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Blahtech Supply Demand MT5
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Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
Trade smarter, not harder: Empower your trading with Harmonacci Patterns Special Offer: Purchase now to receive free bonuses worth $165! (Read more for details) This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Up
** All Symbols x All Timeframes scan just by pressing scanner button ** *** Contact me  to send you instruction and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Interestingly, this Winner in
IX Power MT5
Daniel Stein
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IX Power   finally brings the unbeatable precision of FX Power to all your trading symbols. It accurately determines the intensity of short, medium and long-term trends in your favourite indices, stocks, commodities, ETFs, and even cryptocurrencies. You can   analyse everything   your terminal has to offer. Try it out and experience how   your timing improves significantly   when trading. Read about our latest strategic development -  Easy scalping with IX Power Visit our all-new   Stein Inve
Quantum Trend Sniper
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Introducing   Quantum Trend Sniper Indicator , the groundbreaking MQL5 Indicator that's transforming the way you identify and trade trend reversals! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Trend Sniper Indicator   is designed to propel your trading journey to new heights with its innovative way of identifying trend reversals with extremely high accuracy. ***Buy Quantum Trend Sniper Indicator and you could get Quantum Breakout Indicator fo
This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears a
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This indicator informs the user when the ATR is above a certain value defined by the user, as well as when the ATR prints a percentage increase or percentage decrease in its value, in order to offer the user information about the occurrence of spikes or drops in volatility which can be widely used within volatility-based trading systems or, especially, in Recovery Zone or Grid Hedge systems. Furthermore, as the volatility aspect is extremely determining for the success rate of any system based o
This indicator is the converted Metatrader 5 version of the TradingView indicator "ATR Based Trendlines - JD" by Duyck. This indicator works by automatically and continuously drawing trendlines not based exclusively on price, but also based on the volatility perceived by the ATR. So, the angle of the trendlines is determined by (a percentage of) the ATR. The angle of the trendlines follows the change in price, dictated by the ATR at the moment where the pivot point is detected. The ATR percentag
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This indicator is the converted Metatrader 4 version of the TradingView indicator "ATR Based Trendlines - JD" by Duyck. This indicator works by automatically and continuously drawing trendlines not based exclusively on price, but also based on the volatility perceived by the ATR. So, the angle of the trendlines is determined by (a percentage of) the ATR. The angle of the trendlines follows the change in price, dictated by the ATR at the moment where the pivot point is detected. The ATR percentag
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The Rayol Code Hour Interval Lines indicator was  designed to assist your trading experience.  It  draws the range of hours chosen by the user directly on the chart, so that it enables traders to visualize price movements during their preferred trading hours, providing  traders a more comprehensive view of price movements and market dynamics. This indicator allows the user to choose not only the Broker's time, but also the Local time. This way, the user no longer needs to calculate local time in
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The Rayol Code Hour Interval Lines indicator was  designed to assist your trading experience.  It  draws the range of hours chosen by the user directly on the chart, so that it enables traders to visualize price movements during their preferred trading hours, providing  traders   a more comprehensive view of   price movements and market dynamics. This indicator allows the user to choose not only the Broker's time, but also the Local time. This way, the user no longer needs to calculate local ti
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This indicator informs the user when the ATR is above a certain value defined by the user, as well as when the ATR prints a percentage increase or percentage decrease in its value, in order to offer the user information about the occurrence of spikes or drops in volatility which can be widely used within volatility-based trading systems or, especially, in Recovery Zone or Grid Hedge systems. Furthermore, as the volatility aspect is extremely determining for the success rate of any system based o
This indicator accurately identifies and informs market reversals and continuation patterns by analyzing and signaling the Three White Soldiers / Three Black Crows pattern. It also offers a  "real-time backtesting"  panel in the indicator itself in a way that every change made on the indicator parameters will immediately show the user how many signals are occurred, how many take profits and stop losses were hit and, by having these informations, the Win Rate and the Profit Factor of the setup ba
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wpabon
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wpabon 2024.08.02 20:20 
 

Awesome indicator, thanks for your quick response.

Francisco Rayol
5792
Reply from developer Francisco Rayol 2024.08.02 20:21
You are always welcome. God bless you. And have good trades!
Reply to review
Version 1.3 2024.08.03
In this latest update, two new buffers have been added to the indicator to inform the Take Profit and Stop Loss prices. This allows the developer to use not only the existing Buy or Sell signals but also to choose to use the Take Profit or Stop Loss prices provided by the indicator. The indicator's presentation page now also includes an example code of an Expert Advisor, demonstrating how to use the indicator's buffers to add Buy or Sell signals as well as the Take Profit and Stop Loss prices offered by the indicator.
Version 1.2 2024.03.03
The hours filter has been updated. Now the time lines show the start time and end time.
Another update was regarding the pre-defined color for the timetable lines, now it is Palegreen.
Version 1.1 2024.02.29
Minor changes to the groups of the indicator parameters for better visual aspects.