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PARTPartDescription
1INTRODUCTIONProduct introduction, what the product helps you with
   
2INSTALLATION & SETUPSystem necessities, step-by-step set up information
Information to Putting in Free Indicators and EAs Included with the Mirage Buying and selling System Buy
3INTERFACE DISPLAYClarification of the elements displayed on the chart
 Consumer Information: Buying and selling Strains & Sign Monitoring SystemThe system robotically attracts Entry, Cease Loss, and Take Revenue strains (TP 1–4) on the chart, tracks worth motion for hits, data Win/Loss outcomes, and shows real-time efficiency statistics.
 Consumer Information : Visualization, Zone Fill, Sign Dashboard & Cancelled Indicators If you connect an indicator to a chart, the system renders the next visible elements for every detected sign
Consumer Information: MTF SCAN & Dashboard Consumer Information MTF SCAN robotically scans all Market Watch symbols throughout 8 timeframes (M1 to W1) and shows outcomes on a Dashboard grid immediately in your chart.
 Consumer Information : Chart Theme Consumer Information Chart Theme is a characteristic that adjustments your entire chart colour scheme in MetaTrader 5 — together with the background, candles, grid, textual content, and Bid/Ask strains — with a single click on.
4CORE CONCEPTSBasic ideas that the system is constructed upon
 Consumer Information: Market Construction Performance within the Buying and selling SystemIdentifies development path (Uptrend, Downtrend, Ranging) by analyzing swing highs/lows, and detects key occasions: BOS (development continuation) and CHoCH (potential development reversal).
Consumer Information : Sign Sorts, States, and Lifecycle A sign is the system’s notification when it detects a qualifying candlestick sample on the chart. Every sign tells you the anticipated worth path and supplies prompt entry, cease loss, and take revenue ranges.
5SIGNAL FILTERSFilters that refine and validate buying and selling alerts
 Consumer Information: Commerce Course (Course Filter) within the Buying and selling SystemDefines the allowed buying and selling path (Purchase solely, Promote solely, each, or neither) as the primary filter earlier than looking for entry alerts, based mostly on present market development.
 Consumer Information: Sign Zone Filter within the Buying and selling SystemEliminates alerts not close to essential worth zones, retaining solely these related to market buildings (swing excessive/low, BOS, CHoCH) to scale back noise.
 Consumer Information: StoplossHunt Filter Consumer Information — Filtering “SL Sweep” IndicatorsIdentifies higher-probability alerts by checking whether or not worth “swept stoploss” earlier than forming a sample.
  Consumer Information : Excessive Zone Filter
Excessive Zone Filter is a sign filtering characteristic that helps keep away from coming into trades when worth is on the high or backside of a Donchian worth channel.
 Consumer Information: Reverse Sign Filter The Reverse Sign Filter is an automated characteristic that stops new alerts from showing when you have already got an energetic commerce working in the wrong way.The precept may be very easy: Do not buy once you’re promoting. Do not promote once you’re shopping for.
 Consumer Information : High quality Filter Consumer Information High quality Filter is a characteristic that helps you obtain solely the most effective alerts — worth patterns shaped clearly, with balanced proportions and excessive reliability — and reject weak alerts, boring patterns, and people beneath customary.
 6 TRADE MANAGEMENT 
 Consumer Information : Danger/Reward & SL Methodology Consumer InformationDanger/Reward (R:R) is the ratio between the amount of cash you settle for shedding (Danger) and the amount of cash you count on to realize (Reward) in a single commerce.
 Consumer Information: Trailing Cease Loss (TSL) Consumer InformationCommon Cease Loss (SL) stays fastened in a single place. You set SL at 1990.00, and it stays there without end — even when worth has risen to 2030.00.Trailing Cease Loss (TSL) is completely different. It robotically strikes in your favor when worth advances. As worth strikes up, TSL strikes up with it. When worth stalls or reverses, TSL holds the most effective place it reached.
7CONFIGURATION PARAMETERS GUIDEDetailed information to every configuration parameter
  SIGNAL SCANNING CONFIGURATION GUIDE – MIRAGE TRADING SYSTEM EA Information to mastering sign scanning settings inside the Inputs tab, optimizing commerce discovery on a single chart or throughout your entire market.
 8 ALERTS & NOTIFICATIONS 
  Consumer Information: Alerts & Notifications Consumer Information Configure push notifications, and on-screen popups when new alerts are detected.
 9SYSTEM RISKS & LIMITATIONS Notes on system dangers and limitations

1. INTRODUCTION

What’s Three Outdoors Buying and selling System?

This indicator helps you catch dependable reversal moments out there by robotically detecting Three Outdoors Up and Three Outdoors Down patterns. It filters out weak setups and exhibits you solely high-quality engulfing reversal alternatives with entry factors, cease losses, and revenue targets already calculated. Excellent for swing merchants and place merchants who need to enter new tendencies early when the market exhibits clear indicators of path change.

Three Outdoors Buying and selling System helps you see these highly effective engulfing reversal patterns in your MetaTrader 5 charts — robotically. The indicator scans each candle, filters out weak setups, and exhibits you solely the most effective buying and selling alternatives with clear entry factors, cease losses, and revenue targets already calculated. It really works on any market and any timeframe, supplying you with extra time to focus in your buying and selling choices as an alternative of looking for patterns.


What Are Three Outdoors Patterns?

Three Outdoors patterns are highly effective reversal patterns that seem when market momentum shifts from one path to the opposite. These patterns present a three-bar sequence the place the second candle totally engulfs the primary, adopted by a 3rd candle that confirms the brand new path, making them dependable alerts of actual development adjustments.

Three Outdoors Up (Bullish Reversal)

Seems after a downtrend when consumers start to take management. The sample consists of three consecutive candles the place:

The engulfing candle creates a dramatic reversal of the prior downtrend, and the affirmation candle validates that consumers stay in management. If you see this sample forming close to a assist stage, it alerts that sellers are exhausted and consumers are able to push costs larger.

Three Outdoors Down (Bearish Reversal)

Seems after an uptrend when sellers start to take management. The sample consists of three consecutive candles the place:

The engulfing candle creates a dramatic reversal of the prior uptrend, and the affirmation candle validates that sellers stay in management. If you see this sample forming close to a resistance stage, it alerts that consumers are exhausted and sellers are able to push costs decrease.

If you see these patterns forming close to essential assist or resistance ranges, they turn out to be much more dependable alerts for potential development reversals.


How the Indicator Finds Patterns

The indicator scans your charts in real-time and checks every potential sample towards a number of high quality necessities:

  1. Setup Bar Examine: Verifies that the setup candle has a minimal physique ratio (physique/vary ≥ 25%), permitting for comparatively compact candles that present exhaustion
  2. Engulfing Bar Examine: Confirms that the engulfing candle’s physique totally engulfs the setup physique (body-only engulfing, wicks can prolong), has sturdy physique ratio (≥ 50%), and ample measurement (vary ≥ 0.50× ATR)
  3. Affirmation Breakout Examine: Ensures the affirmation candle has a powerful physique (physique/vary ≥ 35%) and closes past the engulfing candle’s shut, persevering with the reversal path
  4. High quality Scoring Examine: Calculates a rating from 0% to 100% based mostly on engulfing ratio, engulfing physique power, affirmation power, and continuation depth

Solely patterns that go all these checks seem in your chart, so you do not waste time on weak or invalid setups.


High quality Rating — How Good Is the Sample?

Each sample will get a top quality rating from 0% to 100%, like a grade on a check. This helps you concentrate on the most effective buying and selling alternatives.

What the Rating Means

The indicator checks 4 key components to calculate the standard rating:

Engulf Ratio (25% weight): How a lot bigger the engulfing candle’s physique is in comparison with the setup physique. Calculated as (engulfing_body / setup_body). Best vary is 1.20-3.00. Greater ratios present extra dramatic reversals. Small engulfing candles scale back the rating.

Engulf Physique Energy (25% weight): How sturdy the engulfing candle’s physique is relative to latest volatility (ATR). Calculated as (engulfing_body / ATR). Best vary is 0.50-1.50× ATR. Stronger our bodies present decisive directional conviction. Weak our bodies scale back the rating.

Affirmation Energy (25% weight): How sturdy the affirmation candle’s physique is relative to ATR. Calculated as (confirmation_body / ATR). Best vary is 0.35-1.20× ATR. Stronger affirmation exhibits sustained momentum. Weak affirmation reduces the rating.

Continuation Depth (25% weight): How far the affirmation candle closes past the engulfing candle’s shut, measured relative to ATR. Best vary is 0.10-0.80× ATR. Deeper continuation exhibits stronger follow-through. Shallow continuation reduces the rating.

GradeRating VaryHigh quality Stage
A80-100%Wonderful — Finest alerts
B60-79%Good — Dependable setups
C40-59%Common — Wants affirmation
D20-39%Beneath Common — Dangerous
F0-19%Poor — Keep away from

High quality Threshold Setting

By default, the indicator solely exhibits patterns scoring 0.35 (35%) or larger. You’ll be able to regulate this within the settings:


What You See on the Chart

When the indicator detects a Three Outdoors sample, it attracts every thing it is advisable to know immediately on the chart:

Sign Markers

Buying and selling Strains

Visible Zones

Sign Lifecycle

Indicators progress by completely different states, proven by altering colours and monitoring dots:

  1. Pending: Sample simply detected, ready for entry affirmation. Sign exhibits with blue monitoring dot.
  2. Triggered: Entry worth reached, commerce is energetic. Monitoring dot turns yellow.
  3. Goal Hit: Worth reached take revenue stage. Sign turns inexperienced, monitoring dot inexperienced.
  4. Cease Hit: Worth hit cease loss. Sign turns purple, monitoring dot purple.
  5. Cancelled: Sign invalidated earlier than entry (sample broke down). Sign disappears or grays out.

You’ll be able to watch your alerts evolve in real-time with out opening any menus or panels.


Settings You Can Modify

Listed below are the primary settings that management how the indicator finds and shows Three Outdoors patterns:

SettingWhat It DoesDefaultWhen to Change It
ATR IntervalWhat number of candles to measure common volatility14Use 20 for smoother outcomes on risky pairs
Max Bars to ScanHow far again in historical past to go looking3000Improve to 5000 for deeper evaluation
Min Bars Between PatternsMinimal hole between two alerts5Improve to 10 to scale back sign frequency
Min Setup Physique RatioSetup candle minimal physique power (physique/vary)0.25Increase to 0.35 for stronger setup candles solely
Min Engulf Physique RatioEngulfing candle minimal physique power (physique/vary)0.50Increase to 0.60 for stronger engulfing solely
Min Engulf Vary/ATRMinimal engulfing candle measurement relative to volatility0.50Decrease to 0.40 on low-volatility pairs
Min Verify Physique RatioMinimal affirmation candle physique power (physique/vary)0.35Increase to 0.50 for stronger affirmation solely
Entry BufferDistance above/beneath sample for entry (× ATR)0.05Improve to 0.10 for wider entries on risky markets
SL BufferSecurity distance for cease loss (× ATR)0.10Improve to 0.20 in risky markets

Settings Suggestions


Finest Timeframes and Markets

TimeframeSign High qualitySign FrequencyFinest For
M15GoodFrequentScalping, day buying and selling
H1Very GoodAverageIntraday buying and selling
H4Wonderful8-18 monthlySwing buying and selling (really useful)
D1Wonderful3-6 monthlyPlace buying and selling

Finest Markets

The indicator works on any image and timeframe, however these mixtures have a tendency to supply essentially the most dependable alerts.


Getting Began — Fast Setup

Observe these steps to begin utilizing Three Outdoors Buying and selling System:

  1. Open MetaTrader 5 and cargo the chart for the market you need to commerce (we advocate beginning with XAUUSD on H4)
  2. Within the Navigator panel (left aspect), broaden “Indicators” and discover “Three Outdoors Buying and selling System”
  3. Drag the indicator onto your chart
  4. A settings window seems — in your first time, click on OK to make use of the default settings
  5. Look ahead to alerts over the following few hours or days. Inexperienced arrows = purchase alternatives (Three Outdoors Up), purple arrows = promote alternatives (Three Outdoors Down)
  6. After observing preliminary alerts, regulate the High quality Threshold in the event you’re getting too many or too few alerts
  7. Arrange alerts by opening the indicator settings once more and enabling “Push Notifications” to get alerts in your cellphone when patterns seem

That is it! The indicator is now scanning your charts robotically and can provide you with a warning when high-quality Three Outdoors patterns seem.


All Options at a Look

Sample-Particular Options

The next professional-grade options can be found throughout all our indicators:

3INTERFACE DISPLAYClarification of the elements displayed on the chart
 Consumer Information: Buying and selling Strains & Sign Monitoring SystemThe system robotically attracts Entry, Cease Loss, and Take Revenue strains (TP 1–4) on the chart, tracks worth motion for hits, data Win/Loss outcomes, and shows real-time efficiency statistics.
 Consumer Information : Visualization, Zone Fill, Sign Dashboard & Cancelled Indicators If you connect an indicator to a chart, the system renders the next visible elements for every detected sign
Consumer Information: MTF SCAN & Dashboard Consumer Information MTF SCAN robotically scans all Market Watch symbols throughout 8 timeframes (M1 to W1) and shows outcomes on a Dashboard grid immediately in your chart.
 Consumer Information : Chart Theme Consumer Information Chart Theme is a characteristic that adjustments your entire chart colour scheme in MetaTrader 5 — together with the background, candles, grid, textual content, and Bid/Ask strains — with a single click on.
4CORE CONCEPTSBasic ideas that the system is constructed upon
 Consumer Information: Market Construction Performance within the Buying and selling SystemIdentifies development path (Uptrend, Downtrend, Ranging) by analyzing swing highs/lows, and detects key occasions: BOS (development continuation) and CHoCH (potential development reversal).
Consumer Information : Sign Sorts, States, and Lifecycle A sign is the system’s notification when it detects a qualifying candlestick sample on the chart. Every sign tells you the anticipated worth path and supplies prompt entry, cease loss, and take revenue ranges.
5SIGNAL FILTERSFilters that refine and validate buying and selling alerts
 Consumer Information: Commerce Course (Course Filter) within the Buying and selling SystemDefines the allowed buying and selling path (Purchase solely, Promote solely, each, or neither) as the primary filter earlier than looking for entry alerts, based mostly on present market development.
 Consumer Information: Sign Zone Filter within the Buying and selling SystemEliminates alerts not close to essential worth zones, retaining solely these related to market buildings (swing excessive/low, BOS, CHoCH) to scale back noise.
 Consumer Information: StoplossHunt Filter Consumer Information — Filtering “SL Sweep” IndicatorsIdentifies higher-probability alerts by checking whether or not worth “swept stoploss” earlier than forming a sample.
  Consumer Information : Excessive Zone Filter
Excessive Zone Filter is a sign filtering characteristic that helps keep away from coming into trades when worth is on the high or backside of a Donchian worth channel.
 Consumer Information: Reverse Sign Filter The Reverse Sign Filter is an automated characteristic that stops new alerts from showing when you have already got an energetic commerce working in the wrong way.The precept may be very easy: Do not buy once you’re promoting. Do not promote once you’re shopping for.
 Consumer Information : High quality Filter Consumer Information High quality Filter is a characteristic that helps you obtain solely the most effective alerts — worth patterns shaped clearly, with balanced proportions and excessive reliability — and reject weak alerts, boring patterns, and people beneath customary.
 6 TRADE MANAGEMENT 
 Consumer Information : Danger/Reward & SL Methodology Consumer InformationDanger/Reward (R:R) is the ratio between the amount of cash you settle for shedding (Danger) and the amount of cash you count on to realize (Reward) in a single commerce.
 Consumer Information: Trailing Cease Loss (TSL) Consumer InformationCommon Cease Loss (SL) stays fastened in a single place. You set SL at 1990.00, and it stays there without end — even when worth has risen to 2030.00.Trailing Cease Loss (TSL) is completely different. It robotically strikes in your favor when worth advances. As worth strikes up, TSL strikes up with it. When worth stalls or reverses, TSL holds the most effective place it reached.
7CONFIGURATION PARAMETERS GUIDEDetailed information to every configuration parameter
  SIGNAL SCANNING CONFIGURATION GUIDE – MIRAGE TRADING SYSTEM EA Information to mastering sign scanning settings inside the Inputs tab, optimizing commerce discovery on a single chart or throughout your entire market.
 8 ALERTS & NOTIFICATIONS 
  Consumer Information: Alerts & Notifications Consumer Information Configure push notifications, and on-screen popups when new alerts are detected.

Widespread Questions

Q: Why does the cease loss appear broad typically?

The indicator calculates cease loss based mostly on your entire three-candle sample construction plus latest volatility (ATR). Wider stops shield towards regular market noise and forestall untimely stop-outs throughout small pullbacks inside the bigger development. Three-candle engulfing patterns naturally create bigger buildings than single-candle patterns. You’ll be able to regulate the SL Methodology in settings to “ATR Solely” for tighter stops, however bear in mind this will likely enhance the chance of false stop-outs, particularly throughout preliminary pullbacks after the sample completes.

Q: What’s the most effective timeframe for this sample?

H4 provides the most effective steadiness of sign high quality and frequency. You may sometimes get 8-18 high-quality alerts monthly on main pairs, with wonderful reliability. Begin there and regulate based mostly in your buying and selling model. In case you’re a day dealer, H1 works properly however requires tighter high quality filters (increase threshold to 50%). For place buying and selling, Day by day timeframe supplies the strongest alerts however you may wait longer between alternatives.

Q: How can I get fewer alerts?

Increase the standard threshold from 0.35 to 0.50-0.70 within the settings. It’s also possible to enhance “Min Bars Between Patterns” from 5 to 10, which prevents alerts from showing too shut collectively. An alternative choice is to boost “Min Engulf Physique Ratio” to 0.60 and “Min Engulf Vary/ATR” to 0.60 — this can solely present patterns with very sturdy engulfing candles. Lastly, allow the “Excessive Zone Filter” to solely get alerts close to key assist/resistance areas.

Q: How is that this completely different from only a bullish/bearish engulfing candlestick?

The indicator checks excess of only a traditional two-candle engulfing. It verifies that the setup candle exhibits exhaustion (minimal physique power), that the engulfing candle has ample measurement relative to ATR and powerful physique ratio, {that a} third affirmation candle continues the reversal momentum past the engulfing shut (not simply any shut), and that the continuation depth is significant. A random engulfing with out affirmation would possibly fail all these assessments. The standard rating tells you precisely how properly the sample meets skilled technical evaluation standards.

Q: Can I take advantage of this with different indicators?

Sure. The built-in Market Construction filter provides BOS (Break of Construction) and CHOCH (Change of Character) context to alerts, serving to you perceive if the reversal is more likely to maintain. Many merchants mix this indicator with assist/resistance ranges or shifting averages for extra affirmation. The EA Sign Buffers characteristic lets automated buying and selling techniques learn the indicator’s alerts, so you’ll be able to construct skilled advisors that commerce these patterns robotically.


What’s New — Model v1.00

That is the v1.00 launch of Three Outdoors Buying and selling System. Key options embody:


Getting Assist

You probably have questions or want assist:

I am dedicated to serving to you get essentially the most out of this indicator.


Able to Begin?

Three Outdoors Buying and selling System is designed to avoid wasting you time and enable you discover high-probability engulfing reversal patterns robotically. Connect the indicator to your chart and begin with the default settings — you’ll be able to fine-tune every thing later as you get comfy with the way it works.

Completely happy buying and selling!

Ich Khiem Nguyen


Three Outdoors Buying and selling System v1.00 — Created 2026-02-21

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