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One to Three Trendline Breakout

5
Note : The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform.

Version 1.3 : We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster.


This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system. The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward.


PATTERN BACKGROUND

The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed , it usually indicates a shift in supply and demand and thus a possible new trend. The 1-3 Trendline Pattern occurs in every market and it is formed by supply and demand. This means the pattern is not limited to forex market only but can also be used to trade commodities are stocks. 


HOW TO USE

1. Spot the pattern when the signal comes up 

2. Make sure the trendline has not been broken before .When this happens in most cases it is usually a false pattern but there are also some successful pattern formed this way. Our advise is if you are going to risk taking this type of pattern , make sure the stop loss/risk level is very small.

3. Trade the signal

4. Close partial profit at a 1:1 risk to reward ratio. This means when price reaches a profit equals to the risk, close out part of the trade and ride out the rest profits.


INPUTs

1. Pattern Period : The pattern are created using zigzag. The pattern period is the zigzag period.

2. Bullish Pattern : Bullish pattern color

3. Bearish Pattern : Bearish Pattern color

4. PopUp Alert : True/false

5. Phone Notification : True/false

6. Email Notification : True/false


FINAL NOTE

Forex is market driven by sentiment and sentiments can change in seconds thus no forex strategy is a 100% profitable . Always trade with discretion , take calculated risks and don't stake what you are not ready to lose . Stay safe and stay green on the pips.

Bewertungen 3
tradingforyou
87
tradingforyou 2021.06.20 18:31 
 

Good product, especially for breakout traders

tsomoney
209
tsomoney 2021.06.11 13:33 
 

Excellent Indicator!!!!

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Indikatoren
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Indikatoren
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Indikatoren
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Indikatoren
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Auswahl:
Arhyel Mshelia
348
Arhyel Mshelia 2021.10.08 13:33 
 

Der Benutzer hat keinen Kommentar hinterlassen

tradingforyou
87
tradingforyou 2021.06.20 18:31 
 

Good product, especially for breakout traders

tsomoney
209
tsomoney 2021.06.11 13:33 
 

Excellent Indicator!!!!

Antwort auf eine Rezension
Version 2.0 2023.07.22
We did a Bug fix on the old version
Version 1.9 2023.07.01
Fixed a minor bug in the previous version
Version 1.8 2022.10.11
We have upgraded the load time to make the indicator work faster and use less computer resources.
Version 1.7 2021.07.04
Fixed bug in last update
Version 1.6 2021.07.04
Fixed a bug in the last update
Version 1.5 2021.07.03
In this version we have hard coded the indicators used into the indicator file. So even if clients don't have the indicators used in their terminal, the indicator will still work perfectly
Version 1.4 2021.06.30
The Line Display was updated based on a customer request. There is an option to set the Line Display Style Now
Version 1.3 2021.06.18
We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster.
Version 1.2 2021.04.28
The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform.
Version 1.1 2020.01.28
The indicator lag issue has been addressed. An history scan limit has been added to aid faster loading on the chart. Also an improvement has been made on the signal arrows plotted on the chart.