BEST Indicator for R.S.M Events (by Mestre dos Traders)

BEST Indicator for Events (XAUUSD etc...) (by Mestre dos Traders 2025)


🧠 1. Customisable Economic Event Selection
Up to 10 editable events (e.g. Retail Sales, CPI, NFP, etc.)
Manual input of Forecast, Previous, and Actual values
Event selection via a numeric selector (0 to 9)
Precise event timestamp definition (with time zone support)

⚙️ 2. Automated Analysis and Signal Logic
Intelligent processing based on comparative logic:
Actual > Forecast & Previous → SELL
Actual < Forecast & Previous → BUY
Event strength classification based on the sum of Forecast + Actual
Categories: very weak, weak, moderate, strong, very strong, hyper strong

📊 3. Multi-layered Technical Confirmations
Optional signal confirmation using:
RSI (Overbought/Oversold conditions)
Volume (Above 20-period moving average)
Pullback (Price validation after signal trigger)

🎯 4. Trade Parameters
Configurable Take Profit levels: TP1, TP2, TP3 (%)
Configurable Stop Loss (%)
Dynamic calculation of Risk/Reward ratio (R/R)
Visual plotting of entry, SL, TPs, and labels on the chart
Automated entry with optional confirmation via pullback or event strength

🕒 5. Entry Timing Window & Duration
Entry validation within a configurable time window post-event
Custom line duration setting (in minutes, auto-converted to bars)

🧾 6. Visual and Statistical Event History
Real-time tracking of:
Total number of signals per event
Number of profitable trades
Hit Rate (%) per event
Average R/R ratio per setup
Simulated capital growth over time
Current and maximum drawdown per event
Visual tables (positioned at top_right and bottom_right)
Capital progression plotted on chart

🟢 7. Professional Visual Markings
Use of labels and lines for:
Entry points (ENTRY)
Pullbacks (PULLBACK BUY/SELL)
TP1 / TP2 / TP3 hit (PROFIT)
Stop Loss hit (LOSS)
Initial trade signal with strength classification (BUY / SELL + strength)

♻️ 8. Data Reset & Reinitialisation
Reset Data button to clear all visual elements and reinitialise variables

💼 9. Capital Simulation & Performance Metrics
Configurable initial capital
Profit calculation per TP level (weighted: 1, 2 or 3)
Tracking and display of cumulative capital
Capital history stored in dynamic array
Line plot of capital evolution over time

🧩 10. Modular Code Architecture
Efficient use of:
var for persistent data across bars
array for dynamic storage and retrieval
label and line for rich visual feedback
table for performance monitoring dashboards

✅ Conclusion: Why This Script is Professional and Effective

• Highly Customisable > Adaptable to any macroeconomic event
  
• Multifactorial Analysis > Integrates both fundamental and technical data (RSI, volume, pullback)
  
• Robust Execution Logic > Executes trades only with multiple confirmations or strong event signals
  
• Clear Visual Feedback > Lines and labels support faster, more confident decision-making
  
• Comprehensive Performance Metrics > Real-time statistical and graphical analysis by event
  
• Manual Backtest-Friendly > Visual signals and historical tracking allow easy retrospective validation
  

Contacts:
TG.: @mestredostradersoficial
TG Support: @suportedomestretraders
Tiktok Channel: Mestredostraders
Whatsapp Sales: [phone]