The Boom and Crash Winner indicator for Metatrader 5 identifies strong trend reversal points for both Forex pairs and Boom & Crash indices.
The indicator appears on the price charts as a sequence of red and blue colored arrow-like symbols.
Trading with this indicator is easy. Please follow the simple guidelines below:
- A blue colored arrow indicates a bullish trend reversal, creating a buy trade opportunity.
- A red colored arrow indicates a bearish trend reversal, creating a sell trade opportunity.
The indicator offers the following customizable inputs and parameters: ATR period, bars number, sound alert, email alert, and push notifications.
It is recommended to first experiment with the Boom & Crash indicator on a demo account before starting to trade with it on a real account.
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Boom and crash Winner.ex5 Indicator (MT5)
Chart Example EURUSD M15
The image below shows how the Boom and Crash Winner indicator looks when applied to the MT5 charting platform.
How To Buy And Sell Forex Pairs With The Boom and Crash Winner Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is confirmed when the blue colored arrow appears on the price charts.
- Initiate a buy transaction and place your stop loss slightly below the most recent support.
- Reverse the buy position when the red-colored arrow appears on the chart.
- Alternatively, exit the buy position for a fixed take profit target that suits your trading style.
Sell Signal
- A sell signal is confirmed when the red colored arrow appears on the price charts.
- Initiate a sell transaction and place your stop loss slightly above the most recent resistance.
- Reverse the sell position when the blue-colored arrow appears on the chart.
- Alternatively, exit the sell position for a fixed take profit target that suits your trading style.
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Boom and crash Winner.ex5 Indicator (MT5)
Boom & Crash MT5 Reversal Strategy Using Bounce Zone Confirmation
This strategy is designed specifically for synthetic indices such as Boom 1000, Crash 1000, Boom 500, and Crash 500.
It combines the precision entry signals from the Boom and Crash Winner Indicator with the support/resistance bounce logic of the Bounce Zone Forex Indicator.
The goal is to catch price reversals at key market zones for fast and consistent entries.
Strategy Logic
The Bounce Zone Indicator identifies potential reversal areas based on historical reaction levels, while the Boom and Crash Winner Indicator signals when momentum begins to shift.
Together, they help confirm safer reversal setups on synthetic pairs known for sudden spikes or dumps.
Buy Setup (Crash Markets)
- Wait for the price to approach or touch a bounce zone identified by the Bounce Zone Indicator.
- Look for a buy signal from the Boom and Crash Winner Indicator while the price is near the zone.
- Enter a buy trade immediately after the signal candle closes.
- Place a stop-loss just below the bounce zone or the recent low.
- Take profit at the next resistance level or after a spike candle forms.
Sell Setup (Boom Markets)
- Wait for the price to rise into a bounce zone on the Boom index chart.
- Watch for a sell signal from the Boom and Crash Winner Indicator while at or near the zone.
- Execute a short trade once the signal candle closes.
- Set stop-loss just above the bounce zone or recent high.
- Take profit after a drop candle appears or when the price hits the next support.
Strategy Tips
- Use the M1 or M5 timeframe for scalping and the M15 for more stable signals.
- Don’t trade against sharp momentum unless confirmed by both indicators.
- Avoid entries during low liquidity periods or just before major server resets.
This strategy leverages the explosive nature of Boom and Crash pairs by aligning high-probability reversal zones with signal confirmation.
It’s especially useful for traders seeking to scalp spikes with improved entry timing and reduced risk.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Boom and crash Winner.ex5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
