Guillotine, the three line strike MT5 indicator for M1 scalping
Three candles climb a staircase, each one higher than the last. Then a single candle drops like a blade and wipes out most of the climb in one close. That is the three line strike, and on a one minute chart it often marks the exact top of a push. Guillotine is a three line strike MT5 indicator that finds it in both directions and fires one arrow on the close of the blade.
The arrow does not repaint, does not move and does not disappear. It needs four closed candles, so once it prints, it stays on the chart for good.
Click the image to enlarge
Real chart, gold on M1. Three candles step higher right under 4400, then one red candle cuts back through all three. Right on that close, the sell arrow prints at 4392.87. We put the stop above the round 4400 level, at 4400.50, a risk of 77 pips, which on gold is less than 8 dollars. From there gold fell all the way to 4342.78, a move of 500 pips, six times the risk, from a single one minute signal. Every price comes from the exact candle history of that chart.
What the three line strike pattern is
The three line strike is one of the rarer candlestick patterns. Specifically, it has four candles: three of the same colour stepping in one direction, called the three lines, and a fourth candle of the opposite colour that closes back past where the first line opened, called the strike.
In fact, the story is easy to read. The buyers spent three candles building a climb. Then the sellers erased most of it in one candle, which tells you the buyers were not as strong as they looked. As a result, the late buyers who joined on the third line are now trapped, and their stops feed the move down.
What Guillotine checks before it fires
- Three lines. Three candles of the same colour in a row, each with a real body, not a doji.
- A staircase. By default each line must close further and reach further than the one before.
- The blade. A candle of the opposite colour that closes back through most of the three lines. The default depth is 80 percent of the climb, and you can raise it to the full classic strike.
In short, the arrow shows up only where a small trend was cut in half by one candle.
How to trade the three line strike MT5 signals
- Enter on the close of the blade. At that point, the strike is complete.
- Stop beyond the top of the three lines. If there is a round number just above, like 4400 in the chart, put the stop on the far side of it.
- Take a first profit quickly, then trail the rest. On M1 the good strikes run fast, and the bad ones fail fast too.
- Trade the busy hours. Therefore, keep it to the London and New York sessions, when one minute candles carry real volume.
Markets and timeframes
| Gold XAUUSD | M1, big moves for a small stop |
| GBPUSD | M1 |
| Other markets | M5 works with the same rules, with fewer signals |
M1 on gold and on the pound is where this three line strike MT5 tool collects the most pips for the risk. Also, both markets move fast enough for a one minute blade to matter.
What is inside
- Three line strikes in both directions.
- Blade depth, minimum line body and staircase filter, all editable.
- Small dots on the three lines of every strike, switchable.
- Arrows on closed candles only. They do not repaint, move or disappear.
- Popup, sound, push and email alerts, each one switchable.
- Premium dark chart theme, applied on attach and restored on remove.
Besides, it reads price only, so any broker and any account works. If you want robots that trade by themselves, browse our automated robots, and the rest of the manual set is in our chart tools for traders.
Questions about this three line strike MT5 indicator
Does it repaint? No. The arrow needs four closed candles. Once it prints, it does not move and it does not disappear.
Is it a reversal or a continuation pattern? Books describe both readings. Guillotine trades it as a reversal, in the direction of the blade, because that is what worked on the charts we studied.
Is M1 not too noisy? It can be. That is why the stop goes beyond the whole pattern and why we suggest the busy sessions only.
Do you have the other version? Yes. This is the MetaTrader 5 build, and Guillotine for MT4 finds the same strikes on MetaTrader 4.
Trading involves risk. Signals are information, not advice, so try any new tool on a demo account first and only trade money you can afford to lose.
