The Basic Harmonic Patterns Dashboard MT5 Forex Tool is a critical resource for Forex Trading. It provides live and accurate data on Harmonic Patterns, offering a seamless way to monitor selected symbols. The dashboard features columns that highlight the symbol trend (bullish or bearish), pattern type (Gartley, Butterfly, Bat, Crab), and entry price. It also displays the stop-loss price, the first, second, and third take-profit prices, the current price, the age of the pattern in bars, and alert settings.
Customizable Display for Forex Dashboard
The forex dashboard’s color scheme is entirely customizable, allowing users to align it with their preferences. Traders can sort the dashboard by any column, enabling them to easily track the data they are most interested in. Additionally, the dashboard allows users to display the pattern on its chart, providing a visual representation of the trading patterns.
Selection of Symbols and Deviation Limits
One of the main inputs of this MT5 tool is the symbols. Users can either choose from the 28 major Forex pairs or input their desired symbols separated by a comma. For instance, symbols like “EURUSD,GBPUSD,XAUUSD” can be monitored. Moreover, the tool also features a max iteration input, determining the maximum number of iterations to find patterns. The allowed deviation input limits patterns to have a maximum allowed deviation from the ideal ratios for each pattern.
Performance and Pattern Detection
The performance and the number of patterns detected by this MT5 tool are determined by the max iteration input. A lower value results in faster performance and fewer patterns, while a higher value leads to slower performance and more patterns. Therefore, users can adjust this setting based on their trading strategies and preferences.
Alert System and Live Mode
An effective alert system is integrated into the dashboard, which sets off an alert when a new pattern is found. However, it is important to note that the strategy tester cannot open a new chart, so clicking on the symbol and showing the pattern is for live mode only.
FAQ
Can I customize the color scheme of the dashboard?
Yes, the color scheme of the dashboard is completely customizable according to your preferences.
Can I adjust the performance of the tool?
Yes, the performance of the tool can be adjusted by setting the max iteration input. A lower value results in faster performance and fewer patterns, while a higher value leads to slower performance and more patterns.
Does the tool offer an alert system?
Yes, the tool offers an alert system that can be set to alert you when a new pattern is found.
Can I select the symbols that I want to monitor?
Yes, you can either choose from the 28 major Forex pairs or input your desired symbols separated by a comma.
In conclusion, the Basic Harmonic Patterns Dashboard MT5 Forex Tool is a versatile resource for Forex Trading. Its customization features, alert system, and ability to monitor selected symbols make it a valuable tool for traders. Interested users can watch independent testing of this product on the forexroboteasy.com website and even subscribe to updates on the results of testing this product. We invite readers to share their experiences of using this product. This review is independent, and the text is written in the third person to ensure objectivity.
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