Order Blocks Indicator for MT4/5 All-in-One - Free Indicator

The OrderBlocks.All-in-One Indicator for MT4/MT5 provides a comprehensive solution for identifying and analyzing order blocks on the chart. It displays unmitigated, mitigated, and breaker order blocks as colored rectangular areas, offering traders a clear understanding of market structure and potential reversal or continuation zones.




Order Blocks are a widely recognized concept in forex trading, functioning similarly to traditional support and resistance levels. They form at the highs and lows of price swings, and traders often expect the price to either bounce off these levels or, if broken, to retest and continue in the same direction. Despite its foundation in an old forex concept, the Order Blocks approach remains highly relevant and effective.

The Three Order Block Types

1. Unmitigated Order Blocks: Zones that the price has not yet touched, representing fresh support and resistance areas.

2. Mitigated Order Blocks: Zones that have been touched by the price but not fully covered, still holding significance as potential support or resistance levels.

3. Breaker Order Blocks: Zones where the price has fully covered the order block height, suggesting a possible continuation in the same direction.

The indicator follows a three-step process to determine the order block candle, including identifying swing highs and lows, body comparison, and shadow check. Additionally, a filter can be enabled to validate order blocks based on candle direction.

Trading Strategies for Order Blocks




Traders can utilize the different order block types to inform their trading decisions, similar to how they would use traditional support and resistance levels. Unmitigated order blocks represent potential demand or supply zones, mitigated order blocks can signal potential support or resistance, and breaker order blocks can confirm breakouts or breakdowns.

While order blocks alone may not generate trading signals, they are invaluable for confirming setups based on other indicators and strategies. By combining the OrderBlocks.All-in-One Indicator with other ICT (Inner Circle Trader) tools, traders can enhance their market analysis and develop a more robust trading approach.

The comprehensive nature of this indicator, along with its customization capabilities, makes it a powerful addition to any trader's toolkit. By leveraging the insights provided by order blocks, traders can improve their ability to identify potential turning points and trend continuations in the market.

Order Blocks Settings



OB Candle Type Filter: Enable this option to only validate order block candles based on their directional bias (bearish for bullish order blocks, bullish for bearish order blocks).

Lifetime of OB (ZZ points): Set the lifespan of order blocks by specifying the number of ZigZag swings after which the order block will be considered expired.

Display Order Blocks: Selectively choose which types of order blocks (unmitigated, mitigated, or breaker) to display on the chart.

Extend Zones for n Candles: Extend the order block zones by a specified number of candles to provide additional context.

Zones Text Size: Adjust the font size of the labels for the order block zones.

ZigZag Settings: Choose from pre-configured ZigZag indicator settings.

Custom color settings: Personalize the colors used for the ZigZag indicator and other visual elements.

Indicator installation

Download Link

1. Download and unzip the archive to the MQL4/5 folder of the terminal;
2. Restart the terminal and run the indicator;
3. Allow import of DLLs.

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Guys Do you Think Increasing Risk On (Delta=Profits Earned) While Still Maintaining your 0.22%-2% Risk Per Trades Is The Way To Go To Accelerate Profits? Or do you feel this technique is too dangerous. I allow you to review possibilities of website money managements technique links and let you be the Judge.

I)Ryan Jones Fixed Ration Position Sizing Ratio https://whatheheckaboom.wordpress.co...sition-sizing/
Just a note about the fixed ratio position sizing method shared by Ryan Jones in his book The Trading Game. This mainly applies to trading futures. It (can be used for Forex As Well Whatever Your Delta Profit Amount Is Which Can Be $1,000 in Profits) You increase your lot size by A)Standard lots = 1 Lots To 2 Lots or B)Mini Lots = 0.10 Mini to 0.20 Mini Lots or C)0.01 Micro Lots to 0.02 Micro Lots While Still Maintaining Your 0.22%-2% Risk Per Trade. You only become aggressive once you reach your Delta Profit Amount so you can accelerate your return on Capital as quickly and efficient as possible.

Essentially, you add one contract once EACH of the existing contracts have brought in a certain amount of profit. The amount of profit required is called “delta”. This method ignores what the starting capital amount is.

Delta Example = $5,000, you are currently trading 2 contracts, and you have a $40,000 capital base.
To be able to trade 3 contracts, each of the 2 contracts must make $5,000 of profits, for a total of $10,000 profits, before you are allowed to add the 3rd contract to your trading size.
That means you will add your 3rd contract when your capital reaches $50,000.
4th contract will be added when your capital reaches $50,000 + 3*$5,000 = $65,000
5th contract will be added when your capital reaches $65,000 + 4*$5,000 = $85,000
And so on…

However once your capital drops back below $85,000, you need to reduce your contract size back to 4. And when your capital drops below $65,000, you need to reduce your contract size back to 3.
There is a mathematical formula to calculate the number of contracts that you can trade.

If you started off with capital K and traded 1 contract, and let the delta be D. Then
First calculate P = Current capital – K. That is your accumulated profits from your original capital.
Number of contracts to trade N = 0.5 + 0.5 * Sqrt ( 1 + 8 * P / D )
If you started off with capital K and traded X contracts, and delta is D. Then
P = Current capital – K
Number of contracts to trade N = 0.5 + 0.5 * Sqrt ( 4*(X^2) – 4*X + 1 + 8 * P/D )

For those who are curious, the derivation of the formulas above goes like this
Assume original capital = K0, original number of contracts traded = L0
K1 = K0 + L0 * D
K2 = K1 + L1 * D = K0 + D * (L0 + L1)
K3 = K2 + L2 * D = K0 + D * (L0 + L1 + L2)
K3 – K0 = D * (L0 + L1 + L2)
P = D * (L0 + L1 + L2)
P / D = Sum of arithmetic progression starting with L0 = 0.5 * n * ( 2*L0 + (n – 1) ) where
n is the number of terms
L(n) = L(n-1) + 1.
Now re-arrange the terms, solve the quadratic equation, and you will get the formulas above.

II)Fixed Ratio Betting in Trading https://www.daytrading.com/fixed-ratio-betting
Fixed ratio betting is a money management strategy used in trading to determine position sizing. This method tries to grow an account systematically while managing risk. Unlike most other position sizing techniques, Fixed ratio betting adjusts position sizes based on account growth, allowing traders to potentially increase their profits as their account balance grows.
Systematic Growth: Fixed ratio betting increases position sizes as your account grows.
Formula-Driven Use the formula: Units = Square root of (Account Balance / (2 * Delta)) to calculate position sizes.
Delta Choose your delta carefully: It determines how aggressively your position sizes increase. A smaller delta is more aggressive, while a larger delta is more conservative.
Risk Management: The system ties position sizes to account balance, helping prevent overexposure during drawdowns.

Ryan Jones A trader – via his 1999 book “The Trading Game” – is credited with developing and popularizing a specific fixed ratio betting method known as “The 10% Rule.”
This approach involves increasing position size by 10% for every 10% increase in account equity. Jones sought to create a position sizing method that would allow traders to increase their position sizes as their accounts grew, without exposing them to excessive risk.

Advantages of Fixed Ratio Betting

Fixed ratio betting offers several benefits to traders:
01 Systematic Account Growth: Increasing position sizes as the account grows means traders can potentially accelerate their profits without taking on disproportionate risk.
02 Risk Management: The system inherently manages risk by tying position sizes to account balance. This prevents traders from overexposing themselves during drawdowns.
03 Flexibility Traders can adjust the delta to suit their risk tolerance and trading style. Accordingly, the system is adaptable to various markets and strategies.
04 Psychological Benefits: Fixed ratio betting provides a clear, objective framework for position sizing. Like with every aspect of trading, it’s good to have systems in place to reduce emotional decision-making.
05 Tips for Successfully Using Fixed Ratio Betting Start Conservative
06 Begin with a larger delta to limit risk while you become familiar with the system.
07 If your position sizes create any type of emotion – excitement/relief when winning or annoyance/anger when losing – it’s a sign that position sizing needs to decrease.
08 Use Technology Use spreadsheets or calculators to automate calculations and reduce the potential for errors.***
09 Principle – The position size increases in a fixed proportion to the growth of the trading account. For example, a trader might add one contract for every $5,000 increase in account equity.
10 Outcome – This method tries to accelerate growth during winning streaks, as larger positions are taken when the account balance is high. Nonetheless, it can also lead to large drawdowns during losing streaks, as
the position size remains relatively large even as the account balance decreases.
11 Suitability – Fixed ratio betting is generally more suited to aggressive traders who are comfortable with higher risk and volatility in exchange for potentially greater returns. So risk management is, of course,
important.

III)Cross-Platform Expert Advisor: Money Management MT5 Example 11 July 2017 https://www.mql5.com/en/articles/3280 (Fixed Ratio Formula in MT4)

Fixed Ratio Money Management calculates the trade size in proportion to the current balance available on the account. This can be considered a special case of fixed lot money management except that in this type of money management, the lot size is adjusted automatically, rather than manually by the trader. If the account is increasing, the lot size would also increase after every threshold. If the lot size is decreasing, the lot size would also adjust accordingly.

Unlike fixed risk money management, fix ratio does not require a non-zero stop loss. This makes it ideal to use when trades do not require a stop loss, but whose exits are managed in a different manner (closing by profit/loss in the deposit currency, etc.).

The calculation of trade size based on fixed ratio money management is generally expressed in the following formula:

Volume = base_volume + (balance / balance_increase) * volume_increment Where:
Base_Volume – volume to be added to the total volume, regardless of account size
Balance – current balance on the account
Balance_increase – balance increase on the account to trigger an increase in the lot size
Volume_increment – volume to be added/subtracted from the total volume when the balance changes by balance_increase

As an example, suppose we have a base volume of 0.0 lot, and the volume should increase by 0.1 for every $1,000 on the account. The account is currently worth $2,500. The total volume is therefore calculated as follows:

Volume = 0 + (2500 / 1000) * 0.1 = 0.25 lot

This method has many variations. One of these is the method where the lot size is updated only at certain levels (this is the one implemented in fixed ratio money management). For example, in the example mentioned earlier, the calculated volume was 0.25 lot, but in some, it may remain 0.2 lot, and would only increase to 0.3 lot once the balance reaches or exceeds $3,000.

Its UpdateLotSize method can be implemented like the following:
bool CMoneyFixedRatioBase::UpdateLotSize(const string symbol,const double price,const ENUM_ORDER_TYPE type,const double sl=0)
{
m_symbol=m_symbol_man.Get(symbol);
double last_volume=m_volume;
if(CheckPointer(m_symbol))
{
double balance=m_equity==false?m_account.Balance():m_account.Equity();
m_volume=m_volume_base+((int)(balance/m_balance_inc))*m_volume_inc;
m_balance=balance;
}
return last_volume-m_volume!=0;
}

IV)Limitless Opportunities with MT5 — Tester 19 June 2012 https://www.mql5.com/en/articles/392 (MT5 EA Free)

3.1.5. Money Management System

After setting the parameters for all symbols and analyzing the obtained results, you should make settings for the Money Management System.

The Money Management concerns the account as a whole. According to the Fixed Ratio money management method proposed by Ryan Jones, before you can add a lot to an existing number of lots, each of the existing lots shall "win" a certain number of points (which Jones called the "delta"). For example, we have a deposit of 300 dollars and trade with 1 mini lot; the delta of, say, the same 300 dollars would mean that we will increase to 2 mini lots only when we gain (with the 1 mini lot we have) 300 dollars.

Similarly, the lots will be increased to 3 only after 2 mini lots will gain the delta of 300 dollars (each). That is, the increase from 2 to 3 mini lots will be possible when we add to the existing 600 dollars another 2 С… $300 = $600, i.e. when having $1200; from 3 to 4 mini lots with the deposit of $1200 + ($300 С… 3) = $1200 + $900 = $2100, etc. Thus, "the number of contracts is proportional to the amount required to buy a new number of contracts", from where the method derives its name. The decrease in the number of lots follows the same scheme in reverse.

We can, of course, run the parameter optimization but let us better have a look at the manual settings. For a pretest, you can use the Opening prices only mode or OHLC on M1. Got Email But 4100 Payment Is not Reflected in my Bank P1 to

The Money Management System default parameter values are as shown in the table below:

PARAMETERS VALUE
Start Deposit 10000
Delta 300
Start Lot 0.10
Step Lot 0.01

V)Tooraj Amrabadi - Fixed Ratio Lot Calculator Script Is No longer Available on A) www.MQL5.com B)

C) https://www.mql5.com/en/users/tooraj

VI)Table of Risks Fixed Ratio Spreadsheet

VII)Fixed Ratio vs Linear Money Management

VIII)DDSMM Money Management Works.mp4

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PS I've Enclose DDSMM Excel Spreadsheet I really don't understand what is the delta amount that the DDSMM Excel Spreadsheet is using to increase the lot size. & Other Spreadsheets that Have Fixed Ratio Money Management Techniques