Turtle Soup Indicator

Turtle Soup Indicator v2.0 makes a manual sweep-and-reclaim workflow visible on a MetaTrader 5 chart. It marks structure-liquidity levels, waits for a sweep and reclaim, and draws a manual trade plan with entry, stop loss, TP1, TP2, and TP3.

Execution remains manual. Calibration, presets, statistics, alerts, and exported signal variables are analysis tools. They do not place orders, manage risk, or make a setup safe.

Important upgrade note

Version 2.0 is a breaking update for existing indicator presets. The input menu was rebuilt around Auto Calibration, Result Quality, Display, and Alerts & Export.

Version 1.x .set files and manually saved presets may not map cleanly to the v2.0 input surface. Review settings after updating and recreate presets instead of assuming the old configuration still describes the same behavior.

Older alternate entry modes and spread-filter inputs were removed. Manual trade plan entries are now based on the reclaim close.

Market model

Turtle Soup is a false-breakout model. It starts with a relevant high or low, then watches whether price sweeps that level and returns back into prior structure.

A sweep is not a command to trade. A strong trend, news candle, thin liquidity, poor spread, or weak reference level can make a clean-looking setup fail. The indicator exists to make structure, reclaim, and trade plan context visible before a manual decision is made.

What changed in v2.0

The indicator now starts from smart market presets and a built-in preset bank for Gold, Nasdaq, DAX, Bitcoin, EURUSD, GBPUSD, and USDJPY across supported intraday and swing timeframes.

The default reference workflow is Structure Liquidity. Instead of treating every minor pivot equally, the indicator scores structure levels, checks displacement, reviews retest context, and focuses the chart on stronger sweep candidates.

Auto calibration can fine-tune around the active preset. It evaluates profile variants with signal count, TP1 win rate, AvgR, profit factor, max drawdown, recovery, stability, losing streaks, and out-of-sample behavior. If no profile is clearly better, keeping the preset can be the better result.

Setup evaluation

The first layer is the structure-liquidity reference level. The indicator looks for a high or low with enough context to be monitored.

The second layer is the sweep. Price must trade beyond that level, but the breakout can still continue.

The third layer is the reclaim close. In v2.0, the manual trade plan is based on that reclaim close rather than the removed alternate entry modes.

The fourth layer is quality context. Entry, stop loss, TP1, TP2, TP3, sweep level, status text, guidance, and recent signal statistics support review. They do not replace execution rules.

Configuration workflow

Start with smart presets. Keep UseSmartMarketPreset and UseBuiltinPresetBank enabled unless there is a clear reason to override them.

Use recalibration as fine-tuning. The button can adapt the current chart, but it should not be read as proof that a stronger live setup exists.

Then review Result Quality. Minimum signals, target signals, win rate, profit factor, out-of-sample behavior, fallback profiles, TP1 distance, and structure thresholds decide whether the indicator accepts a profile or keeps the preset.

Finally, keep the chart readable. Status panel, guidance panel, reference levels, historical signals, and session lines should help reject weak situations faster.

Manual workflow

Choose the symbol and timeframe, attach the indicator, and let the smart preset load. Check whether the dashboard shows a preset, calibration state, statistics, and active market mode that make sense.

Wait for a structure-relevant reference level. Do not enter immediately after a sweep. Wait for the reclaim close and review the displayed trade plan.

Inspect entry, stop loss, TP1, TP2, TP3, news, spread, market phase, and account rules. Then execute manually or skip the trade intentionally. Alerts and Terminal Global Variable export can support review, but the indicator itself does not trade.

Evidence and testing limits

The page links the MQL5 listing, v2.0 manual, self-calibration visual, gallery examples, and release notes. This material explains workflow, settings, and breaking changes.

Signal statistics and calibration results are historical analysis. They can help compare profiles, but they are not performance proof and cannot predict live outcomes. Broker data, spread, commission, slippage, execution, news, and market regime can all change the result.

When not to use it

Do not use the indicator as a standalone trade signal. Do not assume every calibrated setup should be traded. Do not reuse v1.x presets without reviewing them after the v2.0 update.

The indicator does not place orders, size positions, move stops, enforce prop-firm rules, or manage drawdown. The trader still needs an entry model, stop placement, target logic, risk limit, session plan, and account-rule checklist.