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- Trading Robots
- Metatrader 4
- Pattern Indicator
- The 1 2 3 Pattern Scanner
The 1 2 3 Pattern Scanner
Easy Rating: 5/2
MQL Rating: 478/59
Type:
Live
Leverage:
100
Deposit:
3322$
Balance:
3335.38$
Profit:
13.38$
Withdrawal:
0$
Update: 11 Nov 2024
12000
4273.52
Live
FusionMarkets-Live
18 Nov 2024, 06:24
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Overview
Ready to dive into the world of pattern trading? The 1 2 3 Pattern Scanner promises to be your trusty sidekick, but does it really deliver? Let’s dissect its features, hear from real users, and see how it measures up against the competition. Spoiler: not all that glitters is gold, but this scanner might just have a few tricks up its sleeve.
Introduction to The 1 2 3 Pattern Scanner 📈
The 1 2 3 Pattern Scanner is an intriguing tool designed to detect repetitive patterns in the Forex market with a high success rate. This indicator aims to identify trend changes and retracements, providing traders with crucial insights into market movements. Unlike many other indicators that repaint, The 1 2 3 Pattern Scanner ensures that once a signal is given, it remains fixed, which is a significant advantage for traders relying on consistent data. The scanner works across all symbols and timeframes, making it versatile for various trading strategies, whether you’re dealing with Forex, Crypto, Indices, or commodities.
One of the standout features of this scanner is its ability to send real-time notifications for stop-loss, take-profit, and entry points. This functionality is particularly beneficial for traders who need to make quick decisions based on the latest market data. The indicator also includes a real statistics dashboard, which provides a comprehensive overview of its performance, helping traders to make informed decisions. Additionally, the candlestick check feature ensures that traders enter the market at the most opportune moments, further enhancing the tool’s effectiveness. For those who prefer a more automated approach, the scanner can be paired with the 123 Pattern Expert Advisor (EA) ‘AI Next Level’, offering an even higher level of trading precision. 🚀📊
Main Features and Functionality 🛠️
The 1 2 3 Pattern Scanner boasts a special enhanced algorithm designed to detect the most successful patterns in trend, swing, and breakout scenarios. This isn’t your run-of-the-mill indicator; it offers non-repainting signals, ensuring that once a pattern is identified, it stays put. This is a crucial feature for traders who need reliable data to make informed decisions. The scanner also includes a button to scan all charts, covering Forex, Crypto, Indices, and commodities, making it a versatile tool for any trader’s arsenal. 🚀
Real-time notifications for stop-loss, take-profit, and entry points are another highlight. These alerts ensure you never miss a trading opportunity, but don’t expect miracles. While the scanner is robust, it’s not a magic wand. The real statistics dashboard provides a comprehensive overview of performance, helping you to gauge the tool’s effectiveness. Additionally, the candlestick check feature ensures you enter trades at the most opportune moments, but always remember: no tool can guarantee 100% success. Stay grounded and use this as a part of your broader trading strategy. 📊📉
User Experience and Interface 🖥️
Navigating the user interface of The 1 2 3 Pattern Scanner is refreshingly straightforward, even for seasoned traders. The dashboard is designed with user-friendliness in mind, allowing you to scan multiple charts and timeframes with just a few clicks. Customizing settings is a breeze, whether you’re adjusting timeframes or selecting specific symbols to monitor. The interface’s simplicity doesn’t compromise its functionality, making it an ideal choice for traders who value efficiency and ease of use. 📊
However, don’t let the simplicity fool you into thinking it’s infallible. While the scanner’s interface is intuitive, it’s essential to understand its limitations. The real-time notifications for stop-loss, take-profit, and entry points are handy, but they should be used as part of a broader trading strategy. The ability to scan all charts, including Forex, Crypto, Indices, and commodities, adds a layer of versatility, but always remember: no tool can replace sound trading judgment. The 1 2 3 Pattern Scanner is a valuable addition to your trading toolkit, but it’s not a substitute for experience and market knowledge. 📈🖥️
Real User Reviews and Feedback 🗣️
User reviews for The 1 2 3 Pattern Scanner are a mixed bag, reflecting a range of experiences. Giulio Franceschini, for instance, praises the indicator for its high success rate, noting that out of 14 trades, only two hit stop-loss. He suggests an enhancement to include a win ratio filter, which could make the scanner even more effective. On the flip side, Manea Marian warns potential buyers to read comments on specific pages before making a purchase, hinting at some dissatisfaction. These contrasting views highlight the importance of understanding the tool’s capabilities and limitations before integrating it into your trading strategy. 🗣️
Another user, AAron, simply states, “Great Indicator,” which, while positive, lacks depth. Yahya Abdellahi Salem’s feedback is more practical, requesting to be added to the 123 pattern group and seeking instructions. This suggests that while the tool is effective, the user experience could be enhanced with better support and community engagement. Overall, the reviews indicate that The 1 2 3 Pattern Scanner has potential but may require some tweaks and additional features to meet the diverse needs of traders. For those looking to improve their trading strategy, it’s a tool worth considering, but temper your expectations and be prepared for a learning curve. 📈📉
Comparative Analysis with Similar Indicators 🔍
When comparing The 1 2 3 Pattern Scanner to other popular indicators like Gartley Hunter MT5 and Advanced Supply Demand, several distinctions become apparent. The 1 2 3 Pattern Scanner is lauded for its simplicity and ease of use, allowing traders to quickly identify trend changes and retracements. It features a non-repainting algorithm, which is a significant advantage over many indicators that often provide unreliable signals. In contrast, Gartley Hunter MT5 focuses on detecting harmonic patterns across multiple instruments and timeframes, offering a more complex but comprehensive approach. This makes Gartley Hunter ideal for traders who are well-versed in harmonic patterns and looking for a tool that can handle multiple analyses simultaneously.
Advanced Supply Demand, on the other hand, excels in identifying supply and demand zones, which are crucial for understanding market imbalances. This indicator provides detailed insights into where strong buying or selling pressures exist, making it invaluable for traders who rely on volume spread analysis. While The 1 2 3 Pattern Scanner provides real-time notifications for stop-loss, take-profit, and entry points, Advanced Supply Demand offers a more nuanced view of market dynamics by highlighting key zones where price reversals are likely to occur. Both tools have their strengths, but The 1 2 3 Pattern Scanner stands out for its user-friendly interface and straightforward application, making it a suitable choice for traders who prefer a more streamlined approach to pattern recognition. 📊🔍
Effectiveness and Reliability: A Critical Review 🔬
The effectiveness of The 1 2 3 Pattern Scanner is a mixed bag, as evidenced by user reviews and its overall performance. With a success rate that some users find impressive, like Giulio Franceschini who reported only two stop-losses out of 14 trades, the indicator does show promise. However, it’s essential to approach these claims with a critical eye. The scanner’s non-repainting feature is a significant advantage, ensuring that signals remain consistent. Yet, it’s not a silver bullet. The tool’s real-time notifications for stop-loss, take-profit, and entry points are helpful, but they should be part of a broader trading strategy rather than relied upon exclusively. 📈🔬
Potential drawbacks include the occasional late alerts, as mentioned by user losho123, which can affect the risk/reward ratio. Additionally, the scanner’s effectiveness may vary depending on market conditions and the trader’s experience. While the developer, Reza Aghajanpour, claims a high success rate, it’s crucial to remember that no indicator can guarantee profits. The 1 2 3 Pattern Scanner is a valuable tool, but it should be used in conjunction with other trading strategies and market analysis techniques. For those who understand its limitations and strengths, it can be a reliable addition to their trading toolkit. 📉📊
Tips and Best Practices for Using The 1 2 3 Pattern Scanner 💡
To maximize the potential of The 1 2 3 Pattern Scanner, it’s crucial to integrate it into a well-rounded trading strategy. Start by familiarizing yourself with its real-time notifications for stop-loss, take-profit, and entry points. These alerts are invaluable for making timely decisions, but they should be cross-referenced with other indicators and market analysis tools. For instance, combining the scanner with volume spread analysis can provide a more comprehensive view of market conditions. This approach ensures that you’re not solely reliant on one tool, thereby reducing the risk of false signals. 📈💡
Another best practice is to customize the scanner’s settings to align with your trading style. Whether you’re a day trader or a swing trader, adjusting the timeframes and symbols to scan can significantly enhance the tool’s effectiveness. Additionally, make use of the candlestick check feature to confirm entry points, as this can help you avoid entering trades prematurely. Remember, no indicator is foolproof. The key to success lies in using The 1 2 3 Pattern Scanner as part of a diversified strategy, incorporating multiple layers of analysis to make informed trading decisions. This balanced approach will help you navigate the complexities of the Forex market more effectively. 📊🔍
About FxRobotEasy Team and Our Commitment to Traders 🤝
At FxRobotEasy, we pride ourselves on being more than just a team; we’re a community dedicated to empowering traders with the best tools and honest insights. Our commitment to traders is unwavering, as we strive to provide accurate and reliable information to help you navigate the complexities of the Forex market. From developing innovative trading robots like the EASY Bot series to offering comprehensive reviews and ratings of trading systems, our goal is to be your trusted partner in trading. Our team of experts meticulously analyzes each tool, ensuring that you get unbiased and valuable insights. 🤝📈
We also understand the importance of community and support. That’s why we’ve created various platforms, including forums, Telegram channels, and bots, where traders can share experiences, ask questions, and get real-time trading signals. Our dedication extends to providing free resources, such as examples of source code for popular indicators like The 1 2 3 Pattern Scanner. We invite you to join our community, share your experiences, and benefit from the collective knowledge of traders worldwide. Together, we can achieve greater success in the ever-evolving world of Forex trading. 🌐📊
The 1 2 3 Pattern Scanner
forexroboteasy.com
Write review
Lucas Bai
1 review
Efficient and User-Friendly Trading Tool
The 1 2 3 Pattern Scanner is incredibly intuitive and reliable. I appreciate the fact that it doesn't repaint and offers scans for 87 pairs, allowing me to focus on the timeframes that suit my trading strategy. Each day, I find about 3 to 5 promising pairs to trade. Now, I'm in the process of tracking win rates and returns. I highly recommend this product to any trader looking for a dependable tool. Thank you!
Mikhail Yudin
1 review
Excellent Trading Tool
I'm really impressed with The 1 2 3 Pattern Scanner. It has significantly improved my trading efficiency and accuracy. Keep up the great work!