Two Things Market Structure Pro Cannot See
MSP reads what the chart shows: price, volume, volatility and structure. There are two things that move markets which never appear on a chart until after they have happened. Neither is difficult to cover, and covering them takes about a minute a day.
One: scheduled news
An interest rate decision, an inflation print or a jobs report can move a market further in ninety seconds than it moved all week. Before the release, the chart looks completely normal, so MSP sees completely normal conditions and may quite reasonably show a good setup.
The setup was not wrong. It simply had no way of knowing that at 13:30 the market would stop caring about structure for a few minutes.
The fix: one look at the calendar
- Once a day, before you start, open an economic calendar and look at the high-impact events for your instrument.
- Note the times. Two or three a day is typical.
- Avoid opening new positions in the fifteen minutes either side of a high-impact release.
- If you are already in a trade when one is due, decide in advance whether you will close it, reduce it, or leave it. Decide before, not during.
Which releases matter depends on what you trade. US data moves almost everything. UK data moves the pound. The ECB moves the euro, and by extension the DAX.
Two: market holidays
On a public holiday the market is often technically open, so your platform shows candles as usual, but the participants who normally provide the volume are not there.
The result is a chart that looks like it is trending while almost nobody is trading. Moves start and stop for no reason, levels do not hold, and anything that does move tends to reverse when normal volume returns.
MSP's volume filter catches a good deal of this, and you will see more NO TRADE than usual on those days. That is the filter earning its keep. Still, the simplest approach is to know the dates.
- Check whether the US, UK or Japanese market is closed before you start
- Expect thin conditions the day before and the day after a major holiday
- Treat the fortnight around Christmas and New Year as a write-off for anything trend-based
- Take the extra NO TRADE readings at face value
- Loosening the volume filter because you are getting no signals on a holiday
- Assuming a clean-looking move on a thin day will continue
- Trading a US index when the US cash market is shut
- Judging the tool by a week when half the market was away
And one more: the weekend gap
Markets close on Friday evening and reopen on Sunday evening. News that arrives in between is priced in instantly at the open, which is why a chart sometimes jumps a long way with no candles in between.
A stop loss does not protect you across a gap. If price opens beyond your stop, you are filled at the open price, not at your stop price. This is worth knowing before you hold a position over a weekend rather than after.
The honest summary
MSP is very good at reading what a chart is doing. It has no opinion on what is about to be announced, and no calendar of who is at their desk. Give it a minute a day of context and it will do the rest.
Common questions
Does Market Structure Pro know about news events?
No. It reads price, volume and structure from the chart. It does not read an economic calendar. Check the calendar yourself once a day and avoid opening new positions around high-impact releases.
Does Market Structure Pro account for market holidays?
Not directly. Its volume filter catches many thin holiday sessions and blocks signals, so you will see more NO TRADE, but it is worth knowing the dates yourself.
Will my stop loss protect me over the weekend?
Not across a gap. If the market reopens beyond your stop, you are filled at the opening price rather than your stop price.
Try it on your own charts
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