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The 123 Pattern Strategy With Fibonacci MT5

3.5

Current Price $30 Minimum Possible BUT Future Price $100!

YES, It Can be used on All Markets and All Timeframes.

The MT4 Version is Here: https://www.mql5.com/en/market/product/89027?source=Site+Profile+Seller

For Support Join Telegram: https://t.me/dubaiforexgroup

What is 123 Pattern Strategy?

123 pattern Strategy is a Pure Price Action Strategy that does not use any technical indicators, It’s a simple Pattern But Yet very Powerful, Used by a lot of Pro Traders All around the world.

The Concept behind the 123 pattern falls under two scenarios:

1-      Continuation 123 Pattern:

-          The Price should be in a Trend "Up or Down".

-          The Price Pulls back.

-          Traders then Look for reasons to enter at the Pull back to catch the trend.

2-      Reversal 123 Pattern:

-          The Price should be Oversold Or Overbought.

-          The Price Fails To create New High Or New Low.

-          At the Level of Failure the Traders look for reasons to enter.

The power of the 123 Pattern strategy is that its very Simple and easy to understand, evolves only Price action, No technical Indicators.

 How much Does it Cost?

The Lowest Price that Any Indicator on MQL5 Site can Cost is $30 Of Which they will Take 20%!

So basically the cost is Minimum Possible!

Knowing the The Right Pricing of this Indicator is $100 .. (Will It be changed to $100 in the future Highly Likely).

So Its Good chance for you to get It Now!

 What's the formula used?

The indicator has a Smart algorithm that scans the chart to find the Best 123 Patterns, using the Fibonacci Golden Zone, to find the precise pullbacks and precise take profit levels.

What's Fibonacci Golden Zone?

It’s a well-known Strategy among Professional Price action traders, the Concept of this strategy is the following:

The trader will draw Fibonacci levels and mark the levels between 0.382 and 0.786 as the Golden Zone.

Any Pullback to this Zone is Considered very important, because the Golden Zone is considered as a Zone (Area) of value where the price has higher chances to Reverse.

How can I use this indicator as a trader?

1-     Install the Indicator in your chart.

2-     The Indicator will Alert you to Meta Trader and your phone when new 123 patterns are detected and show you exactly where to Enter and where to put the Stop Loss and the Take Profits.

3-     All you have to do is Take the Trades whenever you get Alerted.

Can this Indicator Alert me on Terminal-Email-Phone when 123 Pattern is detected?

Yes...

How to integrate 123 Pattern Strategy in my trading?

The most important thing when it comes to trading is the Analysis of the chart, Imagine you can skip that part and let the Algorithm take care of that for you!

This Algorithm has embedded instruction to find the best 123 patterns and refine them using the Fibonacci levels, to get the best results out of your trading.

So why not Add this strategy to your trading Arsenal!

Removing the human error by using a complex algorithm formula will help not only save the traders time but increase accuracy of entries and  exists signals.

Does it have the Hide and Show Button with Hot key?

Yes.. you can click the button and use X keyboard to Hide/Show the Patterns.

What can I control in this indicator?

This indicator offers full control over everything:

1-     Complete control over the appearance and colors.

2-     Complete control over the Alerts.

3-     Control to show or hide the TPs and SLs.

4-     Control the Fibonacci Levels for the TPs and choose your own TP levels.

Tips:

1. Use On 15 Minutes Timeframe.

2. Use Active Trading Technics Like Moving SL to BE when Profit Reaches TP2.

3. This is a manual Trading strategy so you still need to filter the good signals from the bad.

4. Sometime the signal comes late I call it late Signal and I just Skip It! (After all we have to respect the original Strategy, signal at the close of the Candle).

Leave a review please.

Hit me with suggestions, and ideas for improvement.

Add me @: https://www.mql5.com/en/users/dubaiforexgroup  I will be happy to answer any questions :)

Bewertungen 3
nolimitzfx
113
nolimitzfx 2022.12.18 20:06 
 

Based on what I see on my charts it looks very solid. Remember it does what it is supposed to do - find the 123 pattern - NOW how much knowledge in general you have about trading, chart reading, support - resistance, candle patterns, chart patterns ect will determine if you can use this (or any indicator) to profitability. There is no win all trades indicator. I bought this and it does work. If you have experience with the 123 pattern and are well versed at trading you will like this indicator as well. Good job to the creator!

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Reza Aghajanpour
5 (1)
**   All Symbols   x   All Timeframes   scan just by pressing scanner button ** *** Contact me immediately after the purchase to send you instructions and add you in "Market Structure group" for sharing or seeing experiences with other users. CURRENT PRICE $39..... Future Price $200 Introduction: Market structure is important for both new and professional traders since it can influence the liquidity and price action of a market. It’s also one of the most commonly used techniques to understand tr
39 USD
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49 USD
Strong Support mt5
Vasiliy Strukov
5 (5)
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PZ Trend Trading MT5
PZ TRADING SLU
3.25 (4)
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Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
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** All Symbols x All Timeframes scan just by pressing scanner button ** ***Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. After 15 years of experience in the markets and 3 years of programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Inte
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Italo Volume Indicator MT5
Italo Santana Gomes
5 (9)
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Auswahl:
marcofi
86
marcofi 2023.01.11 15:15 
 

slow indicator on the chart, delaying price data when plotted on the chart

Issam Kassas
29820
Antwort vom Entwickler Issam Kassas 2023.01.11 17:31
I would say it gas to do with your computer power, Analysing the chart and looking for such kind of data and drawing the whole set ups will definitely take a lot of processing power from ur computer. So I would suggest that u use it on much powerful computer.
Or decrease the number of bars scanned at least to get it Analyse less data and make it faster.
On my computer even with 10000 bars it's working fast with no issues whatsoever!
nolimitzfx
113
nolimitzfx 2022.12.18 20:06 
 

Based on what I see on my charts it looks very solid. Remember it does what it is supposed to do - find the 123 pattern - NOW how much knowledge in general you have about trading, chart reading, support - resistance, candle patterns, chart patterns ect will determine if you can use this (or any indicator) to profitability. There is no win all trades indicator. I bought this and it does work. If you have experience with the 123 pattern and are well versed at trading you will like this indicator as well. Good job to the creator!

faithdefender
1480
faithdefender 2022.12.17 01:27 
 

Very dissapointed in this indicator so far. I give it a three only because the price was fair. However, trying to find trades on the MT5 was (so far) not prosperous and beneficial. For example, looking back at a past opportunity provided by the indicator, the trade was WAY out of control. The entry was @ 3978.-the stop was at 3948. and the T1 was at 3991. While the indicator did pull it off, that seems a bit too risky for R and R. . My second complaint at the moment is the indicator does not always remove from the screen. When try to remove it. The indicator is removed, but the Hide/Show 123 box is not removed. I have sent a pic to the Vendor in the comments section so he is aware. It always sucks to be the first to buy an indicator b/c you are the experiment. If things change I will update my review. To be fair, this is my 3rd 123 indicator from MQL and the other 2 were nothing to write home about. But as I said, this was priced fairly. (sort of)

Issam Kassas
29820
Antwort vom Entwickler Issam Kassas 2022.12.17 08:01
First of all!
Thank you so much for the review It means a lot for me, and thro these reviews we work together and create a better Indicators that will hopefully serve a lot of people.
Pls Give me time to address your two Concerns:
1. The Late Entry Signal.
2. The Button Removal from the chart.
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1. The Late Entry Signal: I will mention here 4 important points: A. This Strategy based on the original 123 and Fibos levels: I can not by any means deviate from the original strategy, and one of the rules are Enter at the Close of the Candle after the breaking below or above point 2, with that being said I replicate the same exact scenario of real manual trading style, So if the Entery is far from the point 2 OFC the Stop loss is going to be huge, Again in a typical manual trading scenario the pro traders will just skip that one Because the RRR (Risk to Reward Ratio) is not worth it! I have mentioned this in my videos and also in the description under the Tips. B. This is not a Robot but Its an indicator: This point is very much related to the above mentioned point, the Idea of this indicator is to replicate a pro trader chart scanning (unbiased analysis) and provide it to the user on a silver plate! Just to Explain Further This is no different than any other indicator like MACD RSI MAs... It Provide you with data and its up to you to Decide to take it or not, We dont Promise Treasures and holly grills, Part of it is the bad entries that you should Simply Avoid-Skip-Ignore, Well in a Robot trading the Robot does not understand whether Its bad entry or not, In that case that would be problematic, but In our case we do know bad entry and all we have to do again is just Ignore It! C. The Take Profits Placements: The Take Profit levels By default are based on max 1:1.5 RRR (Risk to reward Ratio), this Strategy is able to Provide more than that, that's why I left the choice in the settings for the user to choose their suitable Take Profit Levels. D. This is a manual trading strategy: I cant emphasis enough on this Point, In the MACD strategies you are using the macd data to look for entries, so you dont blame the creator of the macd for the losing trades or the late signals, but instead what you do is you ignore the late signals and you take the loses in good faith, The indicator is no different, Its a tool that provide you with data, this data is exactly how a pro trader find trades using the 123 strategy+Fibos.
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2. The Button removal from the chart:
This one is on me, Its my Fault and Pls Accept my apologies for that from my heart and i promise it will be solved in the next update! (this issue is only for the MT5 users, this issues does not exist in the MT4 version).
---------------------------------------------------------------------------------------------------------------------------------------------------------------- Conclusion:
As creators not only me, we are trying to provide value we have no bad intentions, totally the opposite we are trying to help you have a better trading experience, and we work really hard for that, sometimes we dont even sleep! we are honest and geniun, and we are not greedy we try to provide high quality value at the lowest Price Possible! So Pls Help us Help you But at least:
1. Understand our Products before you review us.
2. when you review us be Fair with us Pls.
Thank you!
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