Is Powerful forex tool for the analysis of candle patterns.
Patterns is searched automatically, composed of 1-5 bars.
Works well on any timeframes .
Very well increase the profitability of various simple strategies.
Forex - EUR/GBP/CAD/USD/CHF/AUD/NZD/JPY
U=Up / D=Down / Z=Zero bar
- Average broker spread - Average spread for calculation clear profit pips
- Bars browse - number of bars searched
- Close after bars - if you opened the trade, you would close it after many bars
- Analyze only current days: When true, so from - Bars browse - only current day. If monday, so only monday patterns
- Pattern lenght from bars: Searching formation lenght(1-5 bars pattern)
- Bar formation 5,4,3,2,1 - D(is down bar) or U(is upbar), or Z(zero bar-not change open|close)
- Min. Range - Min. range in pips, for searching pattern. When 1 pips on bar formation 1, so searching only pattern with this end, minimal last bar range
- Max. range - Max. range
- Show range on bars - range pips on every bar
- Show line - showing formation
Example: When 'pattern lenght' is 3 and pattern is 'UUU', so searching formation UUU for ' Bars browse ' bars.
Max. Allowed ratio is 25%:
If ' Bars browse = 100', so ' Close after bars ' allowed max.25
Min. Close after bars is 1
Work only how insurance.
The update calculations is always on the new bar.