Forex Pattern 123 Indicator MT4

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 faces difficulty to find it because of less time or less experience. Some time, even traders manage to spot the pattern but still suffer from confusion of possible trade entry or exit level.  Forex Pattern 1 2 3 Indicator 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 solution.

Forex Pattern 123 Indicator Overview:

Once you install and apply this indicator in your metatrader trading system, you’ll find your chart as below:

Forex Pattern 123 Indicator
Forex Pattern 123 Indicator
Time FrameCurrency PairsIndicator FactorsRatings
M15 to AnyAny49.7/10

Forex Pattern 123 Indicator Anatomy

Forex Pattern 123 Indicator Overview
Forex Pattern 123 Indicator Overview
  • 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 possible pattern, a Trigger Level is plotted at the chart to signal the entry point. Traders enter their trade at their signaled direction once 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 of Fibonacci Retracement levels. These Profit Targets are plotted just after Trigger Level and Signal Arrow appears.

Forex Pattern 123 Indicator: Buy Parameters

Forex Pattern 123 Indicator Buy Parameters
Forex Pattern 123 Indicator Buy Parameters
  • Zig Zag Lines upwards
  • Signal Arrow upwards
  • Buy triggers when 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

Forex Pattern 123 Indicator Sell Parameters
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
Free Download Forex Pattern 123 Indicator
Free Download Forex Pattern 123 Indicator
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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

2 thoughts on “Forex Pattern 123 Indicator MT4”

  1. 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.

    Reply

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