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Reversal Point MT5

30 USD

Demo downloaded: 8

Published: 20 June 2022

Current version: 4.0

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Reversal Point MT5

Indicators
Ziheng Zhuang
Version: 4.0
Updated: 1 December 2022
Activations: 20

The purpose of the inidcator is to identify the reversal point.

The blue arrow is buy signal and the yellow star is its stop loss.

The red arrow is sell signal and the yellow star is its stop loss.

Please note that the singal is against trend,it could be continual fail.

Alert feature: if there is a signal, the indicator will send alerts of popup window,email or mobile push.

Inputs:

Popup Window Alert: it is false in default
Email Alert : it is false in default
Mobile Push Alert: it is false in default.

MetaTrader 4 Version : Reversal Point

more...

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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 shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak. The basic principle Given eight currencies, USD,EUR,GBP,AUD,NZD,CAD,CHF,JPY, where each pair of two can be combined, resulting in a total of 28 pairs, a reverse algorithm is used to extract the strength of the eight currencies from these 28 pairs EURUSD,GBPUSD,AUDUSD,NZDUS

The indicator includes two parts. Part I: Color Candles Show the Major Trend Color candles is to identify the market state by color candlesticks. As shown in the screenshots, if the color is Aqua, the market is in a state when you should place long orders or exit short orders. If the color is Tomato, it is the time to place short orders or exit long orders. If the color is changing, it is better to wait for its completion (until the current bar is closed). Part II: Draw bands The inner bands is

This indcator shows the trend with the color histogram. It is simple and easy to use. Usage: If the histogram changes from the aqua to the fuchsia, which means the trend is up. If the histogram changes from the fuchsia to the aqua,which means the trend is down. Inputs: MaPeriods: the periods of moving average. f1: the multiplier of inner bands f2: the multiplier of outer bands Popup Window Alert Email Alert Mobile Push Alert Alerts When the trend changes from the long trend to the short trend or

This EA is designed to monitor the slippage of opening and closing orders, and save the records in csv file. It is useful to record the slippage and evaluate brokers. The record files are saved in the folder MT5_Data_Folder\MQL5\Files. Go to "File " --> "Open Data Folder" . Warning : Do NOT open the files directly, otherwise it will affect the exectution of EA, just copy them to another folder and open them. Usage: Open a chart and load the EA on it, just need only one EA to run, it m

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This Expert Advisor is designed to manage orders. It offers the following functions: Set a stop loss for an order having none. Set a take profit for an order having none. Close the last order if the total orders of a symbol are over the setting. Close the order if its lots are over the setting. Close the order if its profit in pips is over the setting. Close the order if its loss in pips is over the setting. Close the order if its profit in amount is over the setting. Close the order if its loss

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This is a MetaTrader 5 script. It helps to summarize all trades into every symbol. Input Select Period: This is 7-option input. It includes Last Month, This Month, Last Week, This Week, Today, All History, and Date Specified. Specify Starting Date: Enter a date if you selected Date Specified in "Select Period" input. Specify Ending Date: Enter a date if you selected Date Specified in "Select Period" input. The summary is saved into a file in MQL5\Files folder. MT4 Version: https://www.mql5.c

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This EA is designed to monitor the slippage of opening and closing orders, and save the records in files. It is useful to record the slippage and evaluate brokers. The record files are saved in the folder MT4_Data_Folder\MQL4\Files. Go to "File " --> "Open Data Folder" . Warning : Do NOT open the files directly, otherwise it will affect the exectution of EA, just copy them to another folder and open them. Usage: Open a chart and load the EA on it, just need only one EA to run, it monitors a

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This is a MetaTrader 4 script. It helps to summarize all trades into every symbol. Input Select Period: This is 7-option input. It includes Last Month, This Month, Last Week, This Week, Today, All History, and Date Specified. Specify Starting Date: Enter a date if you selected Date Specified in "Select Period" input. Specify Ending Date: Enter a date if you selected Date Specified in "Select Period" input. The summary is saved into a file in MQL4\Files folder. Also, there is pop-up window for

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This is a MetaTrader 4 script. It helps to export all trades into a CSV file as per Symbol and selected periods. Input Select Symbol: This is 2-option input. Select current symbol or all symbols to export its orders. Select Period: This is 7-option input. It includes Last Month, This Month, Last Week, This Week, Today, All History, and Date Specified. Specify Starting Date: Enter a date if you selected Date Specified in "Select Period" input. Specify Ending Date: Enter a date if you selected D

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This EA provides the following functions: Open a position: When the price crosses the trend line, open a long or short order Closing: When the price crosses the trend line, close the long or short position Trailing stop loss: EA will continue to increase the stop loss of long orders or lower the stop loss of short orders along the trend line. The line can be a trend line or a horizontal line, Trend lines can be rays or line segments. Line segments have a special function, which is to only

The indicator includes two parts. Part I: Color Candles Show the Major Trend Color candles is to identify the market state by color candlesticks. As shown in the screenshots, if the color is Aqua, the market is in a state when you should place long orders or exit short orders. If the color is Tomato, it is the time to place short orders or exit long orders. If the color is changing, it is better to wait for its completion (until the current bar is closed). Part II: Draw bands The inner bands is

This panel is an Expert Advisor, which provides six groups of trading panel. MT5 Version： Quick Panel Hedging Features Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. The EA can run on visual chart on the strategy tester, which provides an easy method to practice trading on history data. Click the mouse to quickly modify the stop loss and take profit (cannot be used for backtesting) Show the average

This Expert Advisor is a professional trading tool, which integrates a flexible risk control and six groups of trading panels. MT5 Version: Quick Panel Pro Hedging Features Calculating lots is easy and fast: move the StopLine, the calculation is processed immediately Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. The EA can run on the strategy tester, use this feature to do training or review your s

This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak. The basic principle Given eight currencies, USD,EUR,GBP,AUD,NZD,CAD,CHF,JPY, where each pair of two can be combined, resulting in a total of 28 pairs, a reverse algorithm is used to extract the strength of the eight currencies from these 28 pairs EURUSD,GBPUSD,AUDUSD,NZD

This indicator shows the main trend on the current chart. Features This indicator includes two bands, one is the inner white bands, another is the outer blue bands. If the white dotted line crosses down the white solid line, this means that the trend has changed to be bearish. If the white dotted line crosses up the white solid line, this means that the trend has changed to be bullish. Once the crossing happened, it will not repaint. Settings ShowColorCandle: if 'true', it will show the colo

This indicator shows main trend, entry zone and exit zone. This is a muti-timeframe indicator, so it is always repainting in the current period of the higher timeframe. Features Colorful Histogram: it indicates the main trend, the tomato means the market is bearish,and the sky blue means the market is bullish. Inner Blue Bands: it is entry zone for entry market, the market is relatively safe for entry. Outer Yellow Bands: it is exit zone for exit market, the market is oversold or overbought.

This Expert Advisor is an One-click trading panel for multi pairs. Click OPEN button to open orders for the selected pairs. Click CLOSE button to close orders for the selected pairs. The lots of order is the number entered by users.The positive number is for buy order and the negative is for sell order. Click CLOSE button is to close the whole order ,instead of partial close.Close action has nothing to do with the number of lots. Set the input Magic Number to 0, the EA can close manual orders

This indicator is designed to show the pair power of the major 28 paris with RSI,Stochostic,and CCI. The power value is sorted from the weak to the strong. The weaker pairs: the pairs occurs at least 2 times in the top 3 rows The stronger pairs: the pairs occurs at least 2 times in the bottom 3 rows Users can add another symbol, so it can calculate 28+1 symbols. My advice: https://www.mql5.com/en/blogs/post/729880 A free EA with Pair Power Matrix --- https://www.mql5.com/en/blogs/post/732

The purpose of the inidcator is to identify the reversal point. The blue arrow is buy signal and the yellow star is its stop loss. The red arrow is sell signal and the yellow star is its stop loss. Alert feature: if there is a signal, the indicator will send alerts of popup window,email or mobile push. Inputs: Popup Window Alert: it is false in default Email Alert : it is false in default Mobile Push Alert: it is false in default. MetaTrader 5 Version: Reversal Point Please note that the singa

Note: This EA only works on Hedging account. The MetaTrader 4 version Quick Panel Pro Features Calculating lots is easy and fast: move the StopLine, the calculation is processed immediately Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. Click the mouse to quickly modify the stop loss and take profit (cannot be used for backtesting) Show the average price on a yellow-background panel and draw the lin

Note: This EA only works on Hedging account. The MetaTrader 4 version Quick Panel This Panel is an Expert Advisor, which provides six groups of trading panel. Features Most trading operations can be quickly made by clicking the button on these panels. Changing panels is quick just by clicking the green button. The EA can run on visual chart on the strategy tester, which provides an easy method to practice trading on history data. Click the mouse to quickly modify the stop loss and take profit

Gamma Bands This indcator shows the trend with the color histogram. It is simple and easy to use. Usage: If the histogram changes from the aqua to the fuchsia, which means the trend is up. If the histogram changes from the fuchsia to the aqua,which means the trend is down. Inputs: MaPeriods: the periods of moving average. f1: the multiplier of inner bands f2: the multiplier of outer bands Popup Window Alert Email Alert Mobile Push Alert Alerts When the trend changes for the long trend to the

This EA provides the following functions: Open a position: When the price crosses the trend line, open a long or short order Closing: When the price crosses the trend line, close the long or short position Trailing stop loss: EA will continue to increase the stop loss of long orders or lower the stop loss of short orders along the trend line. The line can be a trend line or a horizontal line, Trend lines can be rays or line segments. Line segments have a special function, which is to only

This Expert Advisor is an One-click trading panel for multi pairs. Click OPEN button to open orders for the selected pairs. Click CLOSE button to close orders for the selected pairs. The lots of order is the number entered by users.The positive number is for buy order and the negative is for sell order. Click CLOSE button is to close the whole order ,instead of partial close.Close action has nothing to do with the number of lots. Set the input Magic Number to 0, the EA can close manua

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497

Odd Harald Soerhaug 2023.08.18 08:50 #

User didn't leave any comment to the rating

38020

Reply from developer Ziheng Zhuang 2023.08.18 08:59 #

Thank you for real feedback. SL is necessary because this indicator is to detect the potential reversal,so the signal could fail.

158

hamid9723 2022.11.30 10:15 #

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825

Clarence Gordon Llevelyn Cloete 2022.10.29 12:46 #

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2699

Detleff Böhmer 2022.06.25 09:19 #

User didn't leave any comment to the rating

38020

Reply from developer Ziheng Zhuang 2022.06.28 18:51 #

Yes,ths signal is based on open price, so it never repaints.
Thank you.

Version 4.0 2022.12.01

Add the alert features including popup window,email and mobile push.

Version 3.10 2022.06.25

Fixed the problem of lacking ticks on weekends.