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Retracement Pip Catcher MT5

Buy and Sell Arrows when price is about to retrace.

It Also Sends Alerts –

  • On MT5
  • To Your Phone
  • To Your Email

  • Does not repaint.

  • Works ony any pair, any timeframe.

  • 10 Activations allowed so you are free from limitations

  • See an example of alerts from today (23 May 2020) using this and 2 other indicators here.


MT4 Version here.

Spreads from 0.1pip RAW/ECN Accounts, click here.

Check out my Waka Esque EA signal here: >> High Risk Settings or Medium Risk Settings.

What is a Retracement and why is it important to you?

As you know, the market goes through phases of trend and retracement.

Price can only move so far in one direction before there is a small "correction" or "retracement" in the opposite direction.

The Retracement Pip Catcher alerts you when this is about to happen. This means you can catch these small movements.


But if they are small movements, can you make a profit?

Yes - even though the movements are small, the stop losses are also small and the reward to risk can be very high.

Of course, you will not win every trade, but if you only take trades with a minimum reward to risk of 3:1, the you only need to win 1 out of 4 to breakeven.


Please see the video below for How to Trade with the Retracement Pip Catcher.


Please remember that when you trade using this indicator that these are retracements. They are counter-trend. Your profit target should only be a few pips compared to the move just before the signal.

Do not be greedy.

Do not trade close to Major News Events.


Using Retracement Pip Catcher should be a part of every Trader’s strategy.


Works very well in conjunction with the Trend Continuation Alerts Indicator.

 

Obviously, this indicator will not predict all the retracements all the time – the markets are unpredictable – otherwise we would all be successful all the time.

This is still Forex and you will not win every trade. Practice on Demo before trading with live money and always use good money management.

Please feel free to message me if you have any questions.

 

SETTINGS:

  • See How To Get The Best Signals Here

Just set the time you want it to start and stop giving signals; and if you want the different types of alerts.

Version 1.3 Added the seting "MinTrendSize".

This allows you to set the minimum number of pips the trend must be before a retracement.

Obviously this will be larger for higher timeframes and will depend on the time of day you are trading.

See comment #2 for a video on how it compares to version 1.0.


 
- Please make sure you adjust the settings for the timeframe and pair you are trading.

 -  Let me know if you need any help.









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Contact me for instruction, any questions! Related Product:  Gold Trade Expert MT5 Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends with an immediate candlestick that brings the price back into the level. T
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A combinação de níveis de tendência e quebra em um sistema. Um algoritmo de indicador avançado filtra o ruído do mercado, determina a tendência, os pontos de entrada e os possíveis níveis de saída. Os sinais indicadores são registrados em um módulo estatístico, que permite selecionar as ferramentas mais adequadas, mostrando a eficácia do histórico do sinal. O indicador calcula as marcas Take Profit e Stop Loss. Manual e instruções ->   AQUI   / versão MT4 ->   AQUI Como negociar com o indicador
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,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure
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!! FLASH SALE !!   Over 80% off !!     For ONE week only. Now only $47 - normally $297! >>>      Ends on 30 June 2023 - Don't miss it! Buy and Sell Arrows On The Chart According To Price Action Sends Alerts On MT5 To Your Phone To You Email Does NOT repaint. Works on any pair, any timeframe.     10 Activations allowed so you are free from limitations. MT4 Version here . For spreads from a tiny 0.1 pips RAW/ECN Accounts,  click here . Check out my Waka Esque EA signal here: >>   High Ri
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!! FLASH SALE !!   Over 80% off !!     For ONE week only. Now only $47 - normally $297! >>>      Ends on 30 June 2023 - Don't miss it! Buy and Sell Arrows when price breaks away from mean price. Sends Alerts – On MT5 To Your Phone To Your Email Does not repaint . Works on any Forex pair, any timeframe. 10 Activations allowed so you are free from limitations >> MT4 Version Here For spreads from a tiny 0.1 pips RAW/ECN Accounts,  click here . Check out my Waka Esque EA signal here: >>
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!! FLASH SALE !!   Over 80% off !!     For ONE week only. Now only $47 - normally $297! >>>      Ends on 30 June 2023 - Don't miss it! Buy and Sell Alerts when price breaks out following strict price action. Sends Alerts – #On MT5 To Your Phone To Your Email Does not repaint . Works on any Forex pair, any timeframe. 10 Activations allowed so you are free from limitations >> MT4 Version Here For spreads from a tiny 0.1pip RAW/ECN Accounts,  click here . Check out my Waka Esque EA sign
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Versão 1.5 2022.10.20
Improved Signals
Versão 1.4 2022.07.06
Improved Signals, More Signals
Versão 1.3 2022.05.16
Minor improvememnt for more accuracy.
Versão 1.1 2022.05.16
Added an input "MinTrendSize" so you can enter the smallest number of pips you want the trend to be before a retracement.
It gives more accurate signals.