Landmine, the round number indicator MT4 built for gold on M5
Gold at 4400. EURUSD at 1.1500. Round prices are where people place orders, take profits and hide stops, simply because the number looks important. Landmine is a round number indicator MT4 that maps those levels on your chart and fires one arrow when a candle touches a fresh one and gets thrown back.
Every arrow does not repaint, does not move and does not disappear. It needs a closed candle, and once it prints it stays exactly where it printed.
Click the image to enlarge
Real chart, gold on M5. Price climbs into 4400, a level it had not touched for a while. The candle reaches the mine, closes back below it and the sell arrow prints at 4397.30. The stop goes just above the level at 4400.60, a risk of 33 pips. Gold then slid to 4342.78, a move of 545 pips. Every price here comes from the exact candle history of that chart.
Why round numbers work as landmines
Nobody sets a take profit at 4397.13. Instead, people pick 4400, and so do the funds, the option desks and the retail crowd. As a result, orders stack up around round prices and turn them into real support and resistance, even though no formula created them.
However, a level that price crosses every ten minutes has no power left. That is why Landmine only arms a level that stayed untouched for several candles. A fresh mine is a surprise for the market. A worn out one is just a line.
How a mine goes off
- The map. The indicator draws the round levels around the current price. On gold they sit every 10 dollars, on forex every 25 pips, and it works out the right spacing for other symbols by itself.
- The fresh level. The level must stay untouched for the last few candles before the touch.
- The rejection. A candle reaches the level and closes back on the side it came from, with its body pointing away from the mine.
There is also a second mode, called Blast, that fires when a candle closes straight through the level instead. On gold it is noisier, so we keep it for M15 and above. The default Bounce mode is the one in the chart.
How to trade the round number indicator MT4 signals
- Enter on the close of the arrow candle. The level already said no.
- Stop just beyond the round number. If gold closes through 4400, the mine failed and you are out with a small loss.
- Target the next mine. The next round level is already drawn, 10 dollars away on gold, so your first target is on the chart before you enter.
- Trail behind the levels when the move keeps going, therefore each broken mine becomes your new stop.
Also, the best reactions come during the London and New York sessions, when the orders sitting at those prices actually get filled.
Markets and timeframes
| Gold XAUUSD | M5, the market this tool was tuned for |
| Other symbols | it draws the levels on any chart, but gold on M5 is where we recommend it |
| Blast mode | M15 and above only |
Gold loves round numbers more than any other market, because so many retail traders watch it and it moves in big steps. That is why this round number indicator MT4 is sold as a gold M5 tool first.
What is inside
- Round levels drawn around price, with automatic spacing for gold, forex and other symbols.
- Fresh level filter, so worn out levels stay silent.
- Two trigger modes: Bounce and Blast.
- 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.
It reads price only, so any broker and any account works. If you want the entries handled for you, browse our automated robots, and the rest of the manual set is in our chart tools for traders.
Questions about this round number indicator MT4
Does it repaint? No. The arrow needs a closed candle, and once it prints it does not move and it does not disappear.
Can I change the spacing of the levels? Yes. Leave it on automatic for gold and forex, or type your own spacing for any other symbol.
Why no arrow at a round level I can see? Most likely price had touched it recently, so the level was not fresh. That filter is what keeps the chart clean.
Do you have the other version? Yes. This is the MetaTrader 4 build, and Landmine for MT5 maps the same levels 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.
