All in One Candlestick Pattern Scanner MT4

The All-in-One Candlestick Pattern Scanner MT4 (CPS MT4) is a powerful tool for forex trading. It functions as a multi-timeframe and multi-symbol dashboard that scans all currency pairs and timeframes for a variety of candlestick patterns. This scanner is equipped with an integrated support and resistance system, allowing traders to analyze the most significant areas of the chart to identify breakout and reversal patterns.

Unique Features of the Candlestick Pattern Scanner

The CPS MT4 offers a range of features designed to enhance the trading experience. One of its key features is its ability to run on a single chart, offering an overview of candlestick patterns across all selected symbols and timeframes. Traders have the option to split the symbols into two columns, allowing for an expanded view of more symbols on the chart.

Additionally, this trading software allows for the separation of symbols into multiple dashboards. Each of these dashboards can be customised with different parameters, making the tool adaptable for different markets. By simply clicking on the dashboard cells, traders can open a new chart that highlights the selected symbol, timeframe, and the respective support/resistance (S/R) zone.

Integration with Support and Resistance Zones

The CPS MT4 is integrated with support and resistance zones, a feature that enhances the tool’s functionality. Traders can set the scanner to alert them only when patterns are found within these zones. The type and strength of the support and resistance zones can be viewed by hovering the mouse pointer over the panel cells. The scanner allows for customisation of the parameters for these zones to suit individual trading needs.

Wide Range of Candlestick Patterns

The CPS MT4 is equipped to detect 18 different types of candlestick patterns. These include various bullish, bearish, and neutral patterns such as Engulfing, Inside Bar, Outside Bar, Harami, and Doji Star, among others. This comprehensive approach helps traders to develop forex strategies based on a wide range of signals.

Customisable Alerts and Appearance

Apart from the dashboard’s customisable parameters, the CPS MT4 offers a full set of options for customising the panel’s appearance. Traders can also enable or disable alerts for individual symbols and timeframes directly from the scanner panel. The scanner is compatible with all markets, including Forex, Stocks, Indices, Commodities, and Crypto, making it a versatile tool for market analysis.

FAQ

Can the Candlestick Pattern Scanner be tested before purchase?

While the CPS MT4 does not work in the strategy tester, a demo version can be downloaded for testing purposes.

How can I keep updated with the CPS MT4?

Independent testing of this product can be watched on the forexroboteasy.com website, where you can also subscribe to updates on the test results.

What markets can the CPS MT4 be used in?

The CPS MT4 can be used in all markets, including Forex, Stocks, Indices, Commodities, and Crypto. You can set the scanner to read the symbols directly from the market watch.

We invite all users to share their experiences and feedback on the use of the CPS MT4 to help others in their decision-making process. Remember, this is an independent product review, and your voice matters in helping others make informed decisions.