EURUSD & GBPUSD: Session-Filtered M5 Signals (No More Alert Spam)

[Mwl.RCT]

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ENTRY / EXIT RULES
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HOW IT WORKS:
• M5 gives you the entry timing (fast)
• H1/H4 confirm the trend direction (quality filter)
• Result: Fewer signals, but HIGHER probability trades

TRADING RULES:

1. ENTRY
Wait for a LONG or SHORT arrow alert. Open position in the signal
direction with your predefined Stop Loss and Take Profit levels.
(What You'll See On Chart):
• Aqua Arrow (↑) = BUY Entry Signal
• Yellow Arrow (↓) = SELL Entry Signal

2. EXIT
Wait for the exit alert. Close position upon signal.

• White X (above price) = Exit LONG Position
• White X (below price) = Exit SHORT Position
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DOWNLOAD
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[Mwl.RCT]

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NOTES
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- This is an MT4 indicator. It plots arrows and sends alerts. It does
NOT place trades automatically.

- No profit claims. No win-rate promises. This is a tool for testing
and validation. Use it on demo first.

- Feedback appreciated.

- This is not a "holy grail." It's a trend filter designed to reduce
noise on M5. It won't catch every move, and it will have losing signals.
Risk management is still required.

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ALERT EVENT FILTERS
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☑ Long entry signal
├─ Type: true/false
├─ Purpose: Alert when LONG signal appears
├─ true = Get alerts for long entries
├─ false = Ignore long signals
└─ Default: true

☑ Short entry signal
├─ Type: true/false
├─ Purpose: Alert when SHORT signal appears
├─ true = Get alerts for short entries
├─ false = Ignore short signals
└─ Default: true

☑ Long exit signal
├─ Type: true/false
├─ Purpose: Alert when to exit LONG position
├─ true = Get exit alerts for long trades
├─ false = No exit alerts
└─ Default: false
└─ HOW TO USE: Set to true AFTER entering a long trade

☑ Short exit signal
├─ Type: true/false
├─ Purpose: Alert when to exit SHORT position
├─ true = Get exit alerts for short trades
├─ false = No exit alerts
└─ Default: false
└─ HOW TO USE: Set to true AFTER entering a short trade


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RECOMMENDED INSTRUMENTS (Total 25)
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CRYPTO:
• BTC/USD — Bitcoin vs US Dollar
• ETH/USD — Ethereum vs US Dollar

MAJOR PAIRS (Primary — Tested & Recommended):
• EUR/USD — Community standard, highest volume, lowest spread
• USD/JPY — Volatile, news-driven, clean trends
• GBP/USD — High volatility, popular with intraday traders
• AUD/USD
• NZD/USD
• USD/CAD
• USD/CHF

GOLD & COMMODITIES:
• XAU/USD (Gold) — Safe-haven, trend-following, risk sentiment indicator
• XAG/USD (Silver)
• XTI/USD (WTI Crude Oil)
• XBR/USD (Brent Crude Oil)

INDICES (Futures / CFDs):
• NASDAQ (NAS100) — High beta, tech exposure, strong momentum
• S&P 500 (SP500) — Broader market, less volatile than NQ
• DOW (US30) — Blue-chip index, swing trading opportunities
• GER40 (DAX)

JPY CROSS PAIRS:
• EUR/JPY — Highest volume JPY cross
• GBP/JPY — Volatile, strong momentum moves
• AUD/JPY — Carry trade pair, cleaner swings
• NZD/JPY — Lower volatility JPY cross

EUR CROSS PAIRS (Advanced Users):
• EUR/GBP — Lower spread, range-bound behavior
• EUR/CHF — Tight spreads, slower moves
• EUR/AUD

OTHER CROSS PAIRS:
• GBP/CHF

AVOID ON M5:
✗ Exotic pairs — Spread cost kills edge on lower timeframes
✗ Low-liquidity pairs — Slippage risk during fast moves
✗ Instruments with spread > 2 pips — Unfavorable risk/reward on M5

 

[gopal1981]

100% REPAINT

 

[Mwl.RCT]

100% REPAINT

Thank you for your feedback.

- Do you know difference between "Repainting" and "MTF recalculate"
- (BTW) You see Arrow on M5 this arrow is based on HTF ( M30 + H1+ H4 ) developing index candle shift=0

Minor Tweak on the code: Added D1 filter. v2 = Meaning that Single trading BIAS through out the day.

 

[gopal1981]

i don't understand

 

[gopal1981]

i don't understand