One to Three Trendline Breakout MT5


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.


YOU CAN NOW DOWNLOAD FREE VERSIONS OF OUR PAID INDICATORS . IT'S OUR WAY OF GIVING BACK TO THE COMMUNITY !

>>>  GO HERE TO DOWNLOAD



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Oleg Rodin
Indicateurs
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Ihor Otkydach
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Indicateurs
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Indicateurs
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Indicateurs
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Renaud Herve Francois Candel
Indicateurs
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5 (2)
Indicateurs
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Gayathiri Gopalakrishnan
5 (1)
Indicateurs
Turn every candle into a bid x ask footprint built from real tick data. See who is actually trading at each price, with delta, volume profile, imbalance zones and a scored setup engine that prints entry, stop and target Order Flow Footprint Chart Pro Most indicators tell you what price did. This one tells you who did it. Order Flow Footprint Chart Pro rebuilds every candle on your chart from raw tick data and shows you the volume that traded at each individual price inside it, split into the am
AW Supply Demand MT5
AW Trading Software Limited
Indicateurs
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Ottaviano De Cicco
Indicateurs
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Noiros Tech
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Noiros Tech
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MultiTimeFrame Currency Meter
Noiros Tech
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This Currency Meter Calculates Strength Using a currency basket of 28 pairs? This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it. This Currency Meter is Multi-timeframe!!! Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe versio
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Noiros Tech
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M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hits TP
Flag Pattern Pro Mt5
Noiros Tech
Indicateurs
Flag Pattern pro is a   Price Action (PA)   analytical tool that scans the   continuation patterns   known as   "Flag and Pennant Patterns"   . Flag and Pennant patterns are continuation patterns characterized by a move in a previous trend direction after a shallow retracement usually below 50% of the original move . Deep retracements can however be sometimes found at the 61.8 % levels. The original move is know as the   flag pole   and the   retracement   is called the flag. Indicator Fundam
Channel Vertex Pro Mt5
Noiros Tech
Indicateurs
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Noiros Tech
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