Forex Pattern 123 Indicator MT4 has an amazing capability to detect high potential price action patterns. It also plots the entry trigger levels and profit targets at the same time in trading charts. All in all, it gives you a complete pattern-based trading solution.
Forex Pattern 1 2 3 Indicator can be a perfect assistant for those who want to trade based on price action patterns but face difficulty finding it because of less time or experience.
Sometimes, even traders manage to spot the pattern but still suffer from confusion about possible trade entry or exit levels. Forex Pattern 1 2 3 Indicators can work alone to solve all these issues and keep your trading life easier and much more relaxing.
You can apply this indicator for any Forex currency pair and in any timeframe, chart to look for possible pattern trading solutions.
Forex Pattern 123 Indicator Overview:
Once you install and apply this indicator in your MetaTrader trading system, you’ll find your chart below:
| Time Frame | Currency Pairs | Indicator Factors | Ratings |
| M15 to Any | Any | 4 | 9.7/10 |
Forex Pattern 123 Indicator Anatomy
- Zig-Zag Lines: This tool indicates the trend direction and scales the length of the momentum. It also assists the indicator to spot the possible price action pattern.
- Trigger Levels: After the detection of a possible pattern, a Trigger Level is plotted on the chart to signal the entry point. Traders enter their trade in their signaled direction once the price breakouts of this level.
- Signal Arrow: This arrow confirms the pattern detection and possible direction of upcoming movement with colored arrows pointing up or down.
- Profit Targets: A set of several target levels are set based on Fibonacci Retracement levels. These Profit Targets are plotted just after Trigger Level and Signal Arrow appear.
Forex Pattern 123 Indicator: Buy Parameters
- Zig-Zag Lines upwards
- Signal Arrow upwards
- Buy triggers when the price breaks out above the Trigger Level
- Set Stop Loss below the swing low
- Determine the Take Profit at your desired Profit Target Levels
Read More: FXOpen Review
Forex Pattern 123 Indicator: Sell Parameters
- Zig-Zag Lines downwards
- Signal Arrow downwards
- Sell triggers when price breaks out below the Trigger Level
- Set Stop Loss above the swing high
- Determine the Take Profit at your desired Profit Target Levels
Somehow, this indicator doesn’t get attached to the chat.
And yes, I like the way you explain and rate different indicators. Thanks and keep helping us.
Hello Dhanda,
Original developer of this indicator can be reached here: https://www.mql5.com/en/market/product/18560
you can contact him for buying the full version it was just a demo version.
Regards,
Arun