SPECTRE INDICATOR V1.00 MT5

SPECTRE INDICATOR V1.00 MT5 is a breakout-focused trading indicator designed for MetaTrader 5. It provides Buy and Sell signals, trend visualization, Entry, Stop Loss and multiple Take Profit levels, signal zones, alerts, and an on-chart performance and edge-analysis dashboard.

Key Features

• Buy and Sell breakout signals with visual arrows
• Trend Cloud for bullish and bearish trend visualization
• Entry, Stop Loss and TP1 to TP4 levels
• Signal Zone Boxes for visual trade areas
• Performance dashboard with Buy/Sell signal and TP/SL statistics
• Edge Analysis showing Buy and Sell market conditions
• Adaptive signal engine using ADX and ATR parameters
• Adjustable Buy and Sell Lookback settings
• Alert and optional push notification functionality
• MFE line and news-block features
• Built-in optimizer and live historical analysis

Recommended Setting

• Pair: Gold (XAUUSD)
• Timeframe: M15
• Strategy: Breakout
• Platform: MetaTrader 5

Advantages

• Focused breakout-based signal approach
• Clear visual Buy and Sell signals
• Multiple TP levels make trade progression easier to monitor
• Integrated dashboard provides additional performance information
• Customizable signal, visual, alert and optimization settings

Disadvantages

• Designed around a specific breakout approach rather than all trading styles
• Recommended for Gold on M15, so traders using different instruments or timeframes should test the indicator separately
• Market conditions can affect breakout signal behavior
• Users should evaluate signals and risk management before live trading

Support & Disclaimer

Support:

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.