Identify potential entry points - MetaTrader 5 script | Scalping EA download - MT4/MT5 resources

I want to share this story with you all. When I started trading, I learned scalping strategies in volatile markets. I really enjoy scalping, especially when I see prices moving quickly. However, scalping for long periods of time wears me out, especially in volatile markets; volatile markets require quick analysis, action, and reaction; that's why I always lose focus and start making those really stupid mistakes.

That's why I created this indicator to help me automatically identify these potential entries (based on candlestick formations) instead of doing all the work myself. I know there are many Metatraders who also suffer from this problem, that's why I want to share this indicator with you, hope it will help.

Live trading sessions:

You can check out the live trading session from August 25, 2020 below to see how I used my tools in my trading

You can check out the video below:

Don’t forget to send you comments and rate these scripts. Happy trading!

This indicator:

* There is an input that allows you to specify whether you want to identify potential entries for a bullish or bearish trend (i.e. it is up to you to select a bullish or bearish trend).

* If you select a bullish trend, this indicator will identify potential bullish entry points based on the formation of these candlesticks:

* If you select a bearish trend, this indicator will identify potential bearish entry points based on the formation of these candlesticks:

Attachment download

📎ind_potentialentries.mq5 (10.35 KB)

📎 ind_potentialentrieswithalerts.mq5 (10.84 KB)

📎 onnewbarcalculate.mqh (1.66 KB)

📎 libcisnewbar.mqh (6.3 KB)

📎 candlestick.mqh (3.22 KB)

📎 functions.mqh (19.34 KB)

📎 define.mqh (1.9 KB)

📎 enum.mqh (1.51 KB)

Source: MQL5 #30105