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ABCD Pattern Scanner MT5

What is the ABCD Pattern Scanner MT5?

  • The ABCD Pattern Scanner MT5 is a powerful tool designed to identify ABCD patterns in the Forex market.
  • It serves as a reversal pattern scanner, enabling traders to pinpoint when the price is likely to change direction.
  • This indicator leverages Fibonacci levels to help detect high-probability trading opportunities.
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    Main Features

  • Detects key patterns like the AB=CD and Perfect ABCD.
  • User-friendly interface, making it easy for traders of all levels to operate.
  • Scans multiple charts at once, covering Forex, Crypto, Indices, and Commodities.
  • Can select or deselect timeframes for scanning (M5, M15, H1, H4, D1).
  • Includes notifications for Stop-Loss, Entry Points, and Take-Profit levels.
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    How to Use the Scanner

  • Simply drag and drop the indicator onto your MT5 chart.
  • Set pattern detection to TRUE for ABCD identification.
  • Choose your preferred deviation settings based on market conditions.
  • Enable alerts for ENTRY POINT, TP, and SL to stay updated.
  • Customize colors for better visualization based on personal preferences.

    • Input Parameters and Customization

  • General settings include Depth, Detection mode, Use history, and Ratios display.
  • Customizable settings for pattern features, such as deviation percentage and color themes.
  • Alert Settings allow traders to manage notification triggers based on their trading schedule.

    • Future Development Plans

  • Upcoming versions will include advanced patterns like Butterfly and Crab
  • A scanner will be released to detect patterns across all pairs at regular intervals.
  • Future iterations will enhance alert systems and possibly include a dashboard for monitoring multiple patterns simultaneously.

    • User Experience and Reviews

  • Many users report positive experiences with high success rates when utilizing the ABCD Pattern Scanner.
  • With continuously improving functionality, traders appreciate its non-repainting and lag-free performance.
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    Conclusion

  • For those eager to enhance their trading strategies, the ABCD Pattern Scanner MT5 offers an intuitive and effective solution for pattern recognition, thus improving trading accuracy and efficiency.

    • Are you ready to explore the thrilling world of harmonic patterns with the ABCD Pattern Scanner MT5? This tool claims to enhance your trading experience by identifying reversal patterns without breaking a sweat. But let's be real: does it really perform as promised, or is it just ...

    Release Date: 18/08/2022

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