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- Metatrader 4
- Chart Pattern Indicator
- Pattern Searching
Pattern Searching
Easy Rating: 0/0
MQL Rating: 0/2
Type:
Live
Leverage:
100
Deposit:
18400$
Balance:
18400$
Profit:
0$
Withdrawal:
0$
Last trade: 7 Mar 2025
Tickmill-Live
Live
10000$
0$
5856.57$(51.62%)
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REAL-TIME ROBOT STATS
Pattern Searching: See Live Profit & Drawdown
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Overview
So, Pattern Searching promises to be your personal chart pattern connoisseur, hunting down those classic formations that supposedly unlock the secret to market moves. It boasts the ability to find the closest matches with a telling numerical value and offers a playground for building your own patterns too. Sounds like a trader’s dream? Well, hold your horses. Despite the slick pitch and a $30 price tag, this newcomer hasn’t won any fans yet—no activations, no ratings, nada. Compared to some heavy hitters like the Flag Pattern Scanner and Gartley Hunter Multi, which boast solid user backing and 5-star reviews, Pattern Searching looks like a wallflower at the dance. The creator, Kourosh Hossein Davallou, undoubtedly has credentials, but without community validation or noticeable traction, it’s hard to say if this tool can walk the talk. Plus, chart patterns are tricky beasts — powerful when combined wisely but misleading if taken at face value alone. So, if you’re tempted, give it a spin with cautious optimism, complement it with other analysis techniques, and keep risk management front and center. Meanwhile, our ForexRobotEasy.com crew remains vigilant, creating trusted EASY Bots and reviewing all manner of systems to help you trade with an edge. Fancy yourself a pattern hunter? Download the free source sample on easytradingforum.com and share your experience — because the market is no place for guesswork!
Unveiling the Magic: What is Pattern Searching? 🧙♂️
Pattern Searching is crafted as an automated Forex indicator that scans the market for classical chart patterns such as Head & Shoulders, Triangles, Double Tops, and Double Bottoms. These patterns are widely regarded as some of the most reliable formations that provide a roadmap to potential price movements based on historical price behavior. The indicator attempts to quantify how closely a detected pattern matches the ideal textbook structure by calculating a matching value—the lower this value, the more precise the match is presumed to be. This supposedly helps traders identify better entry and exit opportunities, saving time compared to manual chart inspection. 🧐📊
Unlike conventional price action analysis which depends heavily on human interpretation, Pattern Searching leverages algorithmic pattern recognition, promising reduced emotional bias and quicker response to emerging setups. Traders looking to incorporate this indicator into their strategy should consider pairing it with trusted trend confirmation tools and risk management rules to enhance accuracy and performance. Its potential to scan custom patterns also introduces flexibility for more advanced traders seeking tailored setups. This combination of automation and adaptability aligns well with the modern demands of forex trading, especially for those focused on technical analysis and chart pattern utilization. 🔍📈
Inside the Engine: How Pattern Searching Works Behind the Scenes 🛠️
The core strength of Pattern Searching lies in its ability to sweep across multiple charts and timeframes simultaneously, applying advanced algorithms to detect classic Forex chart patterns. This multi-timeframe scanning is particularly valuable for traders who want to capture setups that are corroborated across different market perspectives. Unlike some single-pattern or single-timeframe tools, this feature helps in filtering out noise and focusing on higher-probability scenarios. However, it’s crucial to remember that algorithmic pattern recognition, while fast, operates within defined parameters and may miss nuanced market context that experienced traders pick up during manual chart reviews. 🕵️♂️⏳
A standout feature is the customizable pattern scanning, allowing users to create their own criteria for pattern shapes—a flexibility uncommon in many forex pattern indicators. This customization encourages innovation and personal adaptation but also demands that traders understand technical analysis principles well enough to define effective pattern parameters. The trade-off between automated detection and traditional manual reading boils down to balance: automation saves time and reduces emotional bias but should never replace a trader’s judgment or deeper market understanding. As with all technical tools, combining the indicator’s signals with sound risk management and trend analysis techniques leads to smarter trading decisions. 📉🤖
The Pros and Cons: Real-World Effectiveness and Pitfalls 📉📈
While Pattern Searching offers the appealing promise of automatic detection of classic Forex chart formations, its real-world value remains uncertain given the absence of user ratings or published reviews. This zero-feedback status is a red flag for any trader considering the investment, as collective user experience often reveals hidden strengths or fatal flaws. The indicator’s effectiveness is inevitably tied to the broader context of forex strategy—its signals cannot be treated as magic bullets but should be integrated with comprehensive trend analysis and fundamental market insights. After all, no chart pattern indicator guarantees foolproof entries or exits, and blind reliance risks costly mistakes. ⚠️📉
On the brighter side, the tool does deliver consistency in pattern recognition based on clear algorithmic rules, reducing emotional bias and subjective misinterpretations common in manual chart reading. However, this automated approach can also be a double-edged sword, as rigid pattern criteria may overlook market irregularities and sudden volatility spikes that seasoned traders might anticipate. For users willing to couple the indicator with a robust risk management framework and a diversified technical toolkit, Pattern Searching can act as a valuable complement rather than a standalone solution. As always, skepticism and thorough backtesting remain essential steps before committing real capital. 📊🤔
Pattern Hunting: Comparing with Fellow Chart Pattern Scouts 🔍
Pattern Searching strives to join the league of reputable chart pattern recognition tools, yet when stacked up against more established competitors, it falls short in terms of market traction and user validation. For instance, the Chart Patterns Scanner holds a strong rating of 4.67, while both the Flag Pattern Scanner and Gartley Hunter Multi boast impeccable scores of 5. These seasoned systems provide multi-pattern detection, often with extensive backtesting and user feedback supporting their reliability. Pattern Searching, in contrast, shows minimal activations, no rating, and lacks the endorsement from a sizable user base—critical factors any professional trader should consider seriously before committing. 🎯📉
That said, it’s not all doom and gloom. Pattern Searching’s core concept of matching patterns closely to the idealized textbook formations is a valuable offering, especially with its ability to scan custom user-defined patterns. However, the absence of comparative data on performance and user experience places it behind more battle-tested solutions in our database. Established pattern recognition indicators have proven their worth in diverse market conditions, aided by community support and constant iterative improvements—advantages Pattern Searching currently doesn’t enjoy. Traders seeking proven reliability and comprehensive insights might therefore lean towards those higher-rated scanners, while keeping an eye on Pattern Searching’s future developments. 🔍💡
Trading with Patterns: Insights into the Strategy’s Potential 🎯
Chart patterns represent a time-tested method born from observing market psychology through price action, revealing the tug-of-war between buyers and sellers. Pattern Searching aims to take this traditional knowledge a step further by automating the identification process, suggesting points to enter and exit trades, while also offering stop-loss and take-profit levels. This automation promises to reduce the grunt work of pattern hunting, making it an attractive tool for traders looking for efficiency. However, no matter how sophisticated the automated signals appear, they should never substitute the trader’s own analysis and decision-making process. ⚖️🎢
Relying solely on detected chart patterns without considering broader market context or incorporating sound risk management can lead to costly errors. The value of Pattern Searching lies in serving as an alert mechanism within a wider strategy framework—not as a standalone crystal ball. Experienced traders know the importance of complementing pattern signals with other technical analysis elements like momentum, volume, and trend indicators. Also, adapting position sizing and diversification remains key to sustainable profits, regardless of an indicator’s sophistication. So while Pattern Searching can offer a helpful nudge, true trading success still demands skill, discipline, and continuous learning. 📉🔑
Price Tag and Popularity Check: Should You Jump In? 💸
Pattern Searching is priced at a modest $30, which positions it as an affordable tool in the realm of Forex indicators targeting pattern recognition. In comparison to other niche products in the trading software market, this is a competitive price point that could attract traders seeking cost-effective solutions. However, despite this economical pricing, the indicator has not yet seen any downloads, activations, or user ratings, which suggests limited market exposure or user adoption. This lack of community feedback means traders should approach it with measured caution and perform their due diligence before integrating it into their live trading environment. 💵🔍
The developer, Kourosh Hossein Davallou, carries an author rating of 18,746, indicating experience and a presumably solid reputation in the development community. But without concrete performance data and user endorsement, it’s impossible to confidently verify the indicator’s practical value. For traders particularly focused on reliable results and community-tested strategies, it might be wiser to monitor Pattern Searching’s evolution over time or to seek more established pattern recognition tools. Patience and a thorough evaluation using demo accounts and backtesting remain key before any financial commitment. 📊⌛
The ForexRobotEasy.com Take on Pattern Searching and What’s Next 🚀
At ForexRobotEasy.com, we pride ourselves on delivering unbiased, comprehensive reviews of trading systems to help traders separate hype from reality. While Pattern Searching offers an intriguing approach to automated chart pattern detection, we advise traders to approach it with a critical eye and integrate it cautiously within their broader technical strategy. We recognize the value of pattern recognition in currency trading but emphasize that no single tool guarantees success without trader expertise and disciplined risk management. Our team recommends thorough backtesting and combining this indicator with solid trading methodologies for the best results. 📈🤓
For those interested, we offer free downloads of sample source codes of Pattern Searching on easytradingforum.com, encouraging our community to experiment, share feedback, and enhance collective understanding. Alongside this, don’t miss our extensive catalog of EASY Bot trading robots and curated Forex signals that embody years of development experience and real-market optimization. By leveraging these resources in tandem, traders can sharpen their edge and adapt dynamically to changing market conditions. As always, your insights and experiences with Pattern Searching are welcome—because trading is a journey best traveled together. 🚀💬
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Installation in MT5 in a couple of clicks
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
0%
AVG Daily:
-11.43$
Deposit:
10000$
WithDrawal:
0$
Current Balance:
9353.38$
Profit:
-1109.15$
Trading Conditions by Pattern Searching
Leverage:
100
Account type:
Live
Profitable by Pattern Searching
Profit:
0%
AVG Daily:
0$
Deposit:
18400$
WithDrawal:
0$
Current Balance:
18400$
Profit:
0$
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