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QM Pattern Scanner MT4

What is QM Pattern Scanner?

  • QM (Quasimodo) Pattern Scanner is an innovative trading tool within the MetaTrader 4 platform.
  • It is based on the Read The Market (RTM) concepts, designed to identify significant reversal patterns known as Quasimodo, which are common in volatile market conditions.
  • This pattern occurs after a pronounced uptrend or downtrend, followed by a period of sideways movement, often resembling a diamond shape.

    • How It Works

  • The QM Pattern Scanner processes all charts with a single click, making it a highly efficient tool.
  • Utilizes Fibonacci levels to assess optimal entry points, stop losses, and take profit levels.
  • It sends immediate alerts for trading signals via mobile notifications, allowing for quick decision-making while trading.

    • Main Features

  • Detects the primary reversal patterns: QM Pattern and Inverse QM Pattern.
  • User-friendly interface with no repainting issues.
  • Supports scanning across various markets including Forex, Crypto, Indices, and Commodities.
  • Allows users to select and deselect specific time frames: M1, M5, M15, M30, H1, H4, D1, W1, and MN.
  • Displays stop loss, take profit, and entry-point levels directly on the chart.
  • Incorporates candlestick pattern checking to find the best entry points.āœØ

    • Alerts and Notifications

  • The scanner can be set to enable or disable alerts based on user-defined parameters.
  • It can determine trading hours based on the computer's clock to manage alerts effectively.
  • Users can customize alert settings to avoid redundant notifications.

    • Trading Strategies Using the QM Pattern

  • The QM pattern itself is a strong signal for potential market reversals and can be used for various trading strategies:
  • **For BUY trades:** Enter when the QM pattern forms in a downtrend. Expect price to retrace to the left shoulder area, leveraging confirmation signals for entering trades.
  • **For SELL trades:** Enter when a QM pattern develops in an uptrend, waiting for a retracement to the left shoulder before executing a trade.
  • Overall, the QM Pattern Scanner enhances the trader's ability to capitalize on market movements, particularly during high volatility scenarios.šŸš€

    • Have you ever felt like you're just a pawn in a game played by financial giants? Well, welcome to the world of QM Pattern Scanner MT4, where you can equip yourself with an arsenal that claims to navigate through the labyrinthine depths of Forex trading! With a hero like Reza Agha ...

    Release Date: 17/09/2023

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