Advanced reversal system RRR 1 to 5 free 外汇EA

The indicator shows entry points with Risk-Reward-Ratio 1 to 5. Main timeframe H1. Works on every pair. The main logic – is to find a reversal level, and then track the price reaction to this level. Doesn’t need any settings. As a standard, it paint 5 levels of the same take-profit (red / blue for sellers and buys) and 1 stop-loss level – orange.

ATTENTION! Test version of the indicator. Works only on the USDCAD pair! The full version can be bought here https://www.mql5.com/en/market/product/61347

Indicators algorithm:

1) first looks for oblique mirrors (oblique mirror levels).

2) from the mirror level draw the entry level at a certain distance from the price.

3) waits for the moment until the price touch to this level.

4) depending on how the price approached the level – touched it or break it, the indicator makes recommendations to buy for a reversal or sell to continue the movement after a retest.

Indicator settings for H1:

• sell_color– color of sell levels and arrows
• buy_color– color of buy levels and arrows
• Max history– how deep to go through history (300 bars by default)
• TP count– how many to draw the same take-profit (5 by default)
• Entry point wait bars– how many bars to draw the reversal level (300 bars by default)
• Show angle mirrors– show oblique mirrors (oblique mirror levels)
• Show arrows– show entry arrows
• Show alerts– show alerts
• Send alerts and push messages– send alerts and push messages