The 123 Pattern Strategy With Fibonacci MT5
- Issam Kassas
- Version: 1.0
- Aktivierungen: 10
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?
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.
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 :)
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!