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Indicement is an MT5 expert advisor that trades breakouts of support and resistance levels on three US stock indices (US500, US30 and NAS100). One H1 chart runs all three markets, each with up to three internal strategies.
Get one message the moment it launches, with its price.
Indicement is an expert advisor for MetaTrader 5 that trades breakouts of support and resistance levels on three US stock indices: the S&P 500 (US500), the Dow Jones (US30) and the Nasdaq 100 (NAS100). It is attached to one H1 chart and manages all three markets from there.
The EA looks for price levels where the market has previously turned and places entries in the direction of a break through those levels. Each index can run up to three internal strategies, and each one can be switched on or off separately. Running several approaches side by side is meant to spread exposure rather than rely on a single entry rule.
Trades carry a stop loss and a take profit. A trailing stop and trailing take profit then adjust the exit levels as the trade develops. If your broker does not accept stops on pending orders, an input lets the EA add them after the order is filled. Another input provides a virtual expiry for brokers that do not support expiry times on pending orders.
Indicement is built only for US500, US30 and NAS100. The EA is attached to an H1 chart, but the chart symbol does not limit what is traded. Index symbol names differ by broker, so you must enter the exact names shown in your Market Watch window.
The inputs below are the main groups. Defaults and ranges can differ, so read the input descriptions in the terminal and test on a demo account before going live.
| Input group | Purpose |
|---|---|
| Info panel | Shows or hides the on-chart panel and adjusts its size for high-resolution screens. |
| Friday stop hour | Hour from which no trades are held into the weekend; a value outside 0 to 23 disables it. |
| Magic number and comment | Identifies the EA's trades and sets the order comment. |
| Run switches and symbols | Enable each index and enter its exact broker symbol name. |
| Strategy switches | Turn each of the three strategies on or off for every index. |
| Maximum spread | Blocks new entries when the spread is above your limit. |
| Randomisation | Varies entries, exits and trailing values slightly. |
| NFP filter, AutoGMT, GMT offsets | Controls the news pause and the broker time offset. |
| Drawdown per strategy | Sets the risk level for each strategy, or load a ready-made configuration. |
The author states a minimum balance of 150 USD and suggests a lower-risk configuration for small accounts. Check the index contract size and minimum lot at your broker, as these affect whether that balance is workable.
Index breakouts can be fast, and slippage and spread widening are common around news and the market open. Drawdowns can happen even when a system has performed well in tests.
Trading carries risk, and you can lose some or all of your capital. Backtest and past results do not predict future results. Test on a demo account first and risk only what you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Grid, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated index trading, breakout style |
| Markets | US500, US30 and NAS100 (broker symbol names must be entered) |
| Chart timeframe | H1 chart for attaching the EA |
| Trade style | Pending-order breakouts with stop loss, take profit and trailing |
| Minimum balance | Stated by the author as 150 USD; confirm with your broker's contract sizes |
| Requirements | Index symbols on your broker, algo trading enabled, web access for AutoGMT |
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Attach it to a single H1 chart. The chart symbol does not decide what is traded, because the EA works on the three index symbols you enter in its inputs. A liquid symbol such as EURUSD is a common choice because it ticks frequently. Do not attach it to several charts, since one instance already covers all three indices.
The most common cause is incorrect index symbol names. Brokers label indices differently, for example US500, SPX500 or US500.cash. Open Market Watch, copy the exact names and enter them in the symbol inputs. Also check that algo trading is enabled, that the market is open, that the spread is below your maximum spread setting and that the strategy switches are on.
It needs a broker that offers the relevant index symbols on MT5. Execution, spreads and order rules vary between brokers, so test on a demo account first. The EA has entry randomisation and drawdown inputs, but you must check your prop firm's rules on EAs, news trading and holding trades over the weekend before using it.
AutoGMT lets the EA work out your broker's time offset so that the news filter lines up with the real time of the NFP release. It reads time from a web page, so you must add that address to the allowed URL list in the terminal options under Expert Advisors. If you prefer, set the GMT offsets manually instead.
Yes. Enter the correct index symbol names in the inputs first, then select a chart symbol such as EURUSD on H1 in the tester. The EA handles the three indices from its inputs. Use tick data of good quality from your broker, and remember that test results do not predict live trading.
This listing is for MetaTrader 5. It will not run on MetaTrader 4, which uses a different file format and order handling.
Indicement MT5
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