1 2 3 Pattern Scanner MT5

Overview of the 1 2 3 Pattern Scanner MT5

• The 1 2 3 Pattern Scanner is a sophisticated trading indicator for MetaTrader 5 designed to detect the 1,2,3 price formation that signals potential market reversals or continuations.
• This scanner utilizes an enhanced algorithm to analyze price movements across various instruments including Forex, cryptocurrencies, and commodities.
• With a user-friendly interface, traders can easily configure the indicator to suit their trading style and risk tolerance. 🚀

Main Features

• Detects the highly repetitive and successful 1 2 3 patterns in trends and ranges.
• Provides real-time alerts including notifications for entry points, stop loss, and take profits.
• Compatible with multiple time frames (M1, M5, H1, D1, etc.) allowing for versatile trading strategies.
• No repainting of signals, ensuring reliability in trading decisions.

Alert and Notification System

• The system generates alerts when the pattern is fully formed, particularly when the price breaks through point 2.
• Traders can customize alert settings, including disabling and enabling notifications based on personal preference.
• Options for sound, email, and mobile push notifications keep traders informed about potential trading opportunities. 📲

How to Trade Using the 1 2 3 Pattern

• Identify the three points in the price pattern: Point 1 (previous high), Point 2 (retracement low), and Point 3 (higher high).
• Enter a buy trade when the price closes above point 2, signaling a confirmation of the uptrend.
• Utilize Fibonacci retracement levels to set take profit targets and stop-loss orders effectively.
• Monitor the pattern for confirmations from other indicators for enhanced accuracy in trading decisions.

Customizability and Input Parameters

• Traders can modify input parameters such as scanning intervals, alert settings, and risk-to-reward ratios.
• The interface allows traders to select or deselect specific time frames and instruments for targeted analysis.
• Custom styles for indicators, including colors and fonts for patterns, help users personalize their trading workspace. 🎨

User Reviews and Ratings

• The 1 2 3 Pattern Scanner MT5 has received positive feedback from users, evidenced by a high rating of 5.0 based on numerous reviews.
• Traders praise its accuracy in detecting patterns and the ease of use it offers for both beginners and experienced traders.
• Many users appreciate the detailed alerts and timely notifications that aid in swift trading decisions.