Pattern 3 Candles, a unique trading software, provides a specialized approach to Forex strategies. This automated trading tool is designed to assist with Forex trading, offering a unique method based on the 3 candlestick pattern.
Understanding the Core Functionality of Pattern 3 Candles
This expert advisor operates on a three-tiered system identified as 1-SL, 2-TP, and 3-OFF. Each tier has a specific function. The 1-SL tier adjusts the StopLoss, the 2-TP tier modifies the TakeProfit, and the 3-OFF tier disables the system. This functionality allows for comprehensive Forex market analysis and efficient currency trading.
Additional Features of The Pattern 3 Candles Trading Software
Pattern 3 Candles also includes an auto SL / TP feature. This function sets the StopLoss (SL) or TakeProfit (TP) based on the high-low count of the bars. The number of bars for 1-SL and 2-TP can be customized according to the trader’s preference.
The software also includes an expiration on profit feature. After N bars have passed, the TakeProfit changes, which can be beneficial in certain trading scenarios. Similarly, an expiration on loss feature is also available. After a specific number of bars have passed, the StopLoss is activated to open an order plus commission.
Profit and Loss Expiration: A Closer Look
The tool also allows for setting the number of points for expiration on profit or loss. This feature, known as pips for loss expiration, provides traders with greater control over their trading strategies. It enables users to define their risk-reward ratio and manage their trades more effectively.
Intuitive Interface and User Settings
The remaining settings of the Pattern 3 Candles software are designed to be intuitive, allowing for a seamless user experience. This enables traders, regardless of their level of expertise, to navigate the software and customize its features according to their trading style and needs.
FAQ Section
What is Pattern 3 Candles?
Pattern 3 Candles is an expert advisor tool for Forex trading that operates based on a three-tiered system and a 3-candlestick pattern.
What is the functionality of the 1-SL, 2-TP, and 3-OFF system?
1-SL adjusts the StopLoss, 2-TP modifies the TakeProfit, and 3-OFF disables the system.
What additional features does Pattern 3 Candles offer?
Pattern 3 Candles includes auto SL / TP, expiration on profit, and expiration on loss features. These features provide comprehensive control over Forex trading strategies.
For those interested, independent testing of the Pattern 3 Candles expert advisor tool can be watched on the forexroboteasy.com website. Subscriptions are also available for updates on the testing results of this product. We invite users to share their experience using this product and provide valuable insights into its performance and efficiency.
This review of Pattern 3 Candles is an independent appraisal of the product and its functionalities. The aim of this review is to provide potential users with a comprehensive and unbiased overview of this Forex trading tool.
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