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Flag Pattern Pro Mt5

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 Fundamental

Fibonacci Ratios has found their validity in finance over centuries and their success in forex is nothing short of a revolutionary phenomenon . This is strongly based on the fact that the forex market is patterned around these numbers called Fibonacci ratios. Support, Resistance , Market turning points are patterned around these levels, that is why these levels should be a base in every trading system. Flag Pennant Scanner is designed to function with Fibonacci ratios, every retracement level and trade exit points are defined by the fibonacci ratios especially the 0.618 golden ratio.


Flag Reversal Pattern

The flag reversal pattern is formed when a pull back occurs around any fibonnacci level after a slight reversal from the original trend. To ensure higher success , the default parameters of this indicator looks for pull backs around 50% to 76.4 % fibonacci which makes most pattern pull back to occur around the 61.8 % fibonacci golden ration.

Flag Breakout Pattern

The breakout flag pattern occurs when price moves and breakout the previous flag pole tip after a short reversal . The breakout patterns usually occurs after the reversal pattern but in some cases they can occur at the same time.


STATISTICS :

Accuracy 1 : This is the percentage of the times price hits TP1 before it hits stop loss.

     Accuracy 1= (Total TP1 Hit /Total signals )*100

Accuracy 2 : This is the percentage of the times price hits TP2 before it hits stop loss.

     Accuracy 2= (Total TP2 Hit /Total signals )*100

Positive 1 : This is the percentage of the times price hits TP1.

Positive 2 : This is the percentage of the times price hits TP2.

Negative : This is the percentage of the times price hits stop loss (SL 2) .

Days : The number of days scanned in the historical data.


SL1 vs SL2 Usage

Traditionally due to the fact that there are two patterns recognized by the indicator (Reversal & Breakout ) , the indicator has two stop loss levels for the two patterns formed . The SL1 is the first stop loss designed to trading breakout patterns and the SL2 is the second stop loss level designed for trading reversal patterns


 Product Features

  • Non Repaint
  • Stop Loss Levels Indicated
  • Take Profits (Potential Reversal Zones)  Indicated
  • Accurate Statistics Dashboard
  • Email, Pop Up and Push/Phone Notifications

INPUT MENU SETTINGS

  • Pattern History : This is the range of historical bars scanned. This number affects how fast the indicator loads , the larger the number , the slower the indicator loads.
  • Pattern Amplitude : This is basically the most important setting for this indicator. It affects both the accuracy and number of daily signals . For a more filtered signal with less noise, this number should be increased . But if you want to see more signals, then the number should be reduced but the more the signals , the more the noise.
  • Minimum_Reversal : The minimum fibonacci reversal ratio. This affects how shallow or deep the flag pattern is.
  • Maximum_Reversal : The maximum fibonacci reversal ratio . This affects how shallow or deep the flag pattern is .
  • First TP Fibo : The first fibonacci ratio for take profit 1
  • Second TP Fibo : The second fibonacci ratio for take profit 2
  • Scan Reversal : Scan Reversal Patterns (True/False)
  • Scan Breakout: Scan Breakout Patterns (True/False)
  • Show Dashboard : Show Statistics Dashboard (True/False).




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A new generation progressive indicator from INFINITY. Predictor PRO uses its own entry and exit calculation strategy. Indicator without redrawing signals! This is very important for real trading. The indicator can be used for any currency pairs, metals, cryptocurrencies or indices. The best time of the H1 chart. Unlike other indicators, Predictor PRO shows shows the Buy/Sell entry point and the Close exit point. Calculating the profit of all signals in points on the panel helps to choose th
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Weis Wave with Alert MT5
Panagiotis Diamantopoulos
4.92 (13)
** NEW PLUTUS SIGNALS and ALL IN ONE ** Wychoff's UpThrust + Spring, Fake Breaks and Plutus  trading signals added (for more info visit    http://www.tradethevolumewaves.com  ) (for more info visit    http://www.tradethevolumewaves.com )   Different Wave Types,  choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves  ** IF YOU PURCHASE DO NOT FORGET TO CONTACT ME BECAUSE THERE IS MORE: Two Hrs Webinar + Training Room + Trade with th
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This dashboard shows the latest available  Harmonic Patterns  for selected symbols. Free Indicator :   Basic Harmonic Pattern MT4 Version Columns Symbol Trend   (Bullish/ Bearish) Pattern   Type (Gartley/ Butterfly/ Bat/ Crab) Entry  (Entry Price) SL   (Stop Loss Price) TP1   (1st Take Profit Price) TP2  (2nd Take Profit Price) TP3  (3rd Take Profit Price) Current   (Current Price) Age   (Age of pattern in Bars) Alert Settings   (Set an alert if a new pattern is found) You can sort the dashboa
99 USD
KT Renko Patterns MT5
KEENBASE SOFTWARE SOLUTIONS
KT Renko Patterns scans the Renko chart brick by brick to find some famous chart patterns that are frequently used by traders across the various financial markets. Compared to the time-based charts, patterns based trading is easier and more evident on Renko charts due to their uncluttered appearance. KT Renko Patterns features multiple Renko patterns, and many of these patterns are extensively explained in the book titled Profitable Trading with Renko Charts by Prashant Shah. A 100% automate
180 USD
Offer 249 down from 350 for the next 3 copies. then back to 350 $ Are you tired of using outdated indicators that leave you guessing where to set your profit targets? Look no further than the AK CAP Opening Range Breakout Indicator. This powerful tool is backed by a US patent and has already helped countless traders pass funded challenges like FTMO. We use it daily on our prop traders and internal funds, and now it's available to you as well. The calculation behind the indicator is incredibly
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IndCorrelationTable Ind Correlation Table - designed to help a trader trading in the Forex market using the method based on the correlation dependence of currency pairs. The correlation dependence between two instruments is calculated through the coefficient of K. Pearson and C. Spearman. The main function of the table is to output a formalized signal about the possibility of opening a "basket" of transactions in accordance with pre-set parameters, as well as the direction of transactions in acc
115 USD
Macho Revenge Spikes
Kwaku Bondzie Ghartey
MACHO REVENGE SPIKES v1.00 This indicator was developed with expertise to mainly trade synthetic Indices: BOOM & CRASH (mainly Boom 300 &Crash 300) offered by derive broker... It is unique one of its kind. Such that, spike signals only pop up in the direction of SPIKES market. ELIMINATING ALMOST ALL FALSE SIGNALS AGAINST SPIKES TREND! WATCH TO UNDERSTAND!  https://youtu.be/70QS39P33Jc https://youtu.be/70QS39P33Jc IT IS DESIGNED PRECISELY TO TRADE   BOOM 300 & 500, CRASH 300 & 500  AT HIGH ACCUR
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M W Pattern Pro
Nesimeye Oswald
4 (6)
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 hit
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Flag Pattern Pro
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This system is an Heiken Ashi system based on RSI calculations . The system is a free open source script originally published on TradingView by JayRogers . We have taken the liberty of converting the pine script to Mq4 indicator . We have also added a new feature which enables to filter signals and reduces noise on the arrow signals. Background HEIKEN ASHI The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow white (or green) candles with no l
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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 hit
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This free version can only be used for GBPUSD M15 chart . To use on all time frames and pairs , Get Pro Version The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with
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Nesimeye Oswald
5 (3)
Note : This free version only works for GBPUSD H1 chart . To use on other charts and pairs . Get the Pro Version 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 sign
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Nesimeye Oswald
4.21 (19)
The Volatility Ratio was developed by Jack D. Schwager to identify trading range and signal potential breakouts. The volatility ratio is defined as the current day's true range divided by the true range over a certain number of days N (i.e. N periods). The following formula is used to calculate the volatility ratio: Volatility Ratio (VR) = Today's True Range/True Range over N number of days To calculate the volatility ratio, the true range is calculated using the following formula: Today's True
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Nesimeye Oswald
5 (6)
Its Christmas Season ! and we are giving out something awesome for free ! D-F Breakout is a system that gives breakout signals after breakout of the Donchain Channel and Fractal Support and Resistance Levels. These two level breakouts using Donchain and Fractal confirmations helps to make sure that the breakout signified are mostly true breakouts and not false breakouts . This is a very simple system that utilizes previous short term support and resistance to define market direction . These supp
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The system is a free open source pine script originally published on TradingView by  everget   . It was converted to Mt4 by Forex Robot Makers   This system is a  popular trend indicator based on ATR ( Average True Range ) , Moving Averages and the Donchian channel . System BackGround ATR The average true range is an indicator of the price volatility of an asset. It is best used to determine how much an investment's price has been moving in the period being evaluated rather than an indicati
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Good News ! Advanced Currency Meter is more awesome now ! If you have been a fan of the free version of Advanced Currency Meter then I will implore you not to be discourage because you will soon find that the new paid version is worth every dime. Unlike the free version the new paid version of Advanced Currency Meter now has a newly added panel called the “% Daily Range” . Why A Paid Version Now? We believe you like good things and many who has used Advanced Currency Meter over the years will te
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Swing Continuation
Nesimeye Oswald
2.6 (5)
The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with both the price trend flow and currency trend flow. Which means the price action must be supported by the currency st
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Ask any successful forex traders the secret of their success and they will tell you that the first key to a successful forex trading is proper trade management. Trade management is what differentiates the rookie from the pro in Forex. While the rookie trades based on emotions and greed, the pro trades based on certain logic and rules . These logic and rules are all embodied in a successful Trade Management System. Advanced Trade Manager is a combination of different trade management systems desi
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Nesimeye Oswald
4.7 (10)
Most of the time, market reversals / pull backs usually follow volume and price spikes thus  these spikes could be the first indication of an exhaustion and possible reversal/pullback. High volume Turns is an indicator that scans the market for price and volume spikes around over-bought/over-sold market conditions. These spikes when spotted serves as the first indication of reversal/pullback. Note :  Though it seems ok now but this is a system that is still under development. We have made it p
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Nesimeye Oswald
4.8 (5)
The popular saying in forex  "The Trend is your friend"   has always stood the test of time because it is valid statement for every generation of traders and in every market. Most successful traders do not fight against the trend but lend to flow with it.  Sometimes finding the best pair to trade can be a daunting task even when you have a good strategy . Some strategies works well with trending markets and some don't . So the question is how can you easily spot trending pairs without any hass
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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. This free version is designed for use on the EURUSD pair only . To get the full version for all pairs go to  https://www.mql5.com/en/market/product/45231 PATTERN BACKGROUND The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) pr
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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 versi
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Flag Pennant Scanner
Nesimeye Oswald
2 (1)
Flag Pennant Scanner is a Price Action (PA) analytical tool that scans the continuation patterns known as "Flag and Pennant Patterns" . This scanner is a multi - currency scanner with an easy-on pattern display dashboard. The scanner also comes with two major Flag Pattern trading strategies .  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
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Camarilla Pivots Historical plots the historical data of the camarilla pivot point levels on the chart. The Camarilla Pivot levels was originated in 1989 by Nick Scott. The levels are used as primary support and resistance levels by Intraday traders. The levels are calculated with the following formula: R4 = C + RANGE * 1.1/2 R3 = C + RANGE * 1.1/4 R2 = C + RANGE * 1.1/6 R1 = C + RANGE * 1.1/12 PP = (HIGH + LOW + CLOSE) / 3 S1 = C - RANGE * 1.1/12 S2 = C - RANGE * 1.1/6 S3 = C - RANGE * 1.1/4 S4
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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 ver
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Pivots Dashboard
Nesimeye Oswald
5 (3)
Pivots Dashboard is the single most complete instruments set for Pivot Points trading currently available in the market. We have done a comprehensive research prior to the product design to make sure that this product meets every need of Pivot Point trading. Pivots Points are significant levels technical analysts can use to determine directional movement and potential support/resistance levels. Pivot Points are thus predictive or leading indicators. While the points were originally used by floor
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Volume Strength 28
Nesimeye Oswald
3.57 (7)
Version 1.6 ! Volume Strength 28 is better , easier to use and more awesome ! Based on complaint we got from the reviews, we understood many don't know how to really use the time frame setting on the input menu thus they have complaints of volatility, thus we have designed an Automatic Time Frame selection system that is suitable for novice traders.! The design of the indicator has been changed along with some calculation metrics. Based on complaints of high volatility we have been getting ,we h
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Mommentum Channel
Nesimeye Oswald
5 (1)
Momentum channel is a simple momentum based system yet with a great degree of accuracy in detecting turning points. The market momentum are defined by Average True Range Channels . When price breaks these channels most times , it is an indication of a shift in market momentum and thus a possible new trend formation. The system can be traded on any time frame and symbol and can also be used to trade commodities and stocks. INPUT MENU ATR_Period :  Average True Range Momentum Period ATRMultip :
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Wolfe Scanner Pro
Nesimeye Oswald
3.5 (2)
WOLFE WAVE PATTERNs First discovered by Bille Wolfe . The wolfe wave  is a 5 wave price action pattern that is formed by supply and demand in a market and the fight to reach equilibrium in the market . The entry spot of the pattern is defined by the breakout of the trend created by wave 1 and wave 3 . This pattern forms in any market where there is supply and demand thus it can also be used to trade commodities and stocks. Wolfe Waves are reversal patterns that usually carry a low risk margin. P
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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 ,
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Sürüm 1.2 2022.12.16
Based on the request of a customer ,we have updated the notification Message on this version to Include the : Entry Level , StopLoss Level and Take Profits 1 and 2.
Download and use now !