Forex Pattern 123 Indicator MT4 - Trend Following System

Double Supertrend Strategy Backtest (8500+ Trades on 28 Pairs)

Hi everyone, so a few months ago I discovered this post by u/AHoomanBeanz which is a strategy I've never heard of before. Basically, you have 2 Supertrends, a short-term one, and a long-term one and when both Supertrends go in the same direction you take a trade.
I took the liberty of modifying the strategy by setting fixed TPs instead of trailing SL with the short-term Supertrend. Check out his post for more info about entries, SL, etc.
In order to determine what way is the most efficient, I backtested this exact strategy on all 28 Majors and Minors and took five different approaches to TPs and moving of SL:
- 1:1 RRR, No Breakeven SL - 1:1.5 RRR, No BE SL - 1:2 RRR, No BE SL
- 1:1.5 RRR, Move SL to BE at 1:1 RRR - 1:2 RRR, Move SL to BE at 1:1RRR
There would be many other ways to handle the TPs and SLs but it already took me months to backtest this but if anyone wants to extend this backtest, feel free.

The Results
Using all 5 ways there were 8 out of 28 pairs that weren't profitable at all. (EURGBP, EURCAD, GBPAUD, GBPNZD, AUDCHF, NZDJPY, CADCHF, CHFJPY)
The remaining 20 pairs were profitable with at least one of the 5 ways. So I combined all 20 pairs and their most profitable TP/SL management methods and it turns out that the strategy isn't even that bad considering that you really just have to understand how Supertrends work.
Now here are some quick stats: Backtest Period: Jan 2017 - Aug 2020
- Risk Per Trade: 1% - Winrate: 44.66% - Profit Factor: 1.65 - Average Monthly Return: 5.81% - Max Drawdown: 18.4%

Notice that the drawdown is pretty high so if you're trading with a prop firm like FTMO you could just risk half as much (0.5% per trade) and your max DD would be 9.2%. Keep in mind that the return would also get cut in half.
If you want to get a more detailed view, here's the backtesting spreadsheet
(Before anyone asks: I spent 2-4h per day for around 6 weeks backtesting and tracking this stuff.)
submitted by FxRaHe to Forex [link] [comments]

best Price Action indicator

Best price action indicator can bee found in this website named as fxtrading chart
submitted by Sad-Maize-3170 to u/Sad-Maize-3170 [link] [comments]

Has anybody used or have any comments on this indicator?

I saw this indicator and it seems cheap enough to give a punt! Just wondering if anyone has had any experience with it or feedback?
submitted by flapjack240494 to Forex [link] [comments]

Maloma 4 vicont 1-2-3 MetaTrader 4 Forex Indicator- Download MT4 Free!

Maloma 4 vicont 1-2-3 MetaTrader 4 Forex Indicator- Download MT4 Free! submitted by ForexMTindicators to u/ForexMTindicators [link] [comments]

Price Action Indicator

Fxtrading chart is giving details and download price action indicator
submitted by charliemoore933 to u/charliemoore933 [link] [comments]

[OFFER] I will teach you basic to advanced supply and demand forex trading concept for $25

Hi there. I'm an experienced trader who has mastered the skill of trading in finding the best quality trading opportunities with little risk for maximum rewards.
I have 7 years stock, forex, indices and synthetic indices trading experience with the Supply And Demand concept.
Feel free to check my Reddit history for my previous work. I will teach you everything you need to know to become a profitable trader and a great financial markets analyst.
$25/month PayPal
submitted by SupplyAndDemandGuy to slavelabour [link] [comments]

Which sites show movement on currency pairs?

Hi All -
I'm looking for sites that show movement and related news on either currency pairs or singular currencies. In general, data to help understand possible movement as well as charts. For example is a great resource.
I'm making a list to compare data for my daily prep work before my trades.
I will share a comprehensive list. I am making a website that has many lists of all Forex-related data, tools, indicator sites, various review sites, etc. As someone who earns the great majority of my income as a forex day trader, I feel like Forex information is too fragmented and my hope is to create an expansive list of everything Forex.
(edited text to reflect my post details not “jiving” with a commentator)
submitted by forestcall to Forex [link] [comments]

Forex Signals

Using Forex Signals, do they work?

Forex Signals are basically someone giving you instructions to trade the foreign exchange market, they can come in the form of a text, email or chat.
There are masses of advertisements offering these signals, but do they really work?

Forex Signals for sale

Although these signals appear free, oftentimes there is a paid option.
So you are paying for someone else’s knowledge and experience – or maybe not. Some signal providers simply resell the signals from another person.

How to spot a fake forex signal provider?

On the right is a REAL advert for forex signal provision, but it rings my alarm bells and here’s why.
  1. Promises of a certain number of pips per week.
You can’t guarantee pips profit per week – the markets are simply not that easy. Sometimes they go very flat and even the best trader loses money.
  1. “FREE” is never FREE when I advertise my forex trading robot and indicator strobotultimate, I am clear about the introducing broker relationship that I have. These others are not clear and there should be clarity.
  2. Trades don’t add up, I saw one advertisement where the trades had been placed on a SATURDAY WHICH is pretty unlikely because the markets are shut.
  3. Trades are all on the same pair. There are methods where you do trade on the same pair but it’s highly risky – this is normally done by adding trades as the pair moves in a particular direction.

What are the problems with Forex Signals?

  1. You may take the trade too late. Having missed the entry.
  2. It may just be wrong.
  3. You are risking your money with someone that you don’t know who may simply be a scammer.
Be careful out there, learn to trade yourself before using tools like Forex Signals or Robots.
from :
submitted by StrobotUltimate to u/StrobotUltimate [link] [comments]

A platform to trade with anytime

Kryptosminer is a trading platform where you can trade a wide variety of instruments. Among them are CFDs on Forex, Crypto, Stocks, Commodities, Indices and ETFs. You may find the available for trading assets in the Assets tab and check the price performance as well as trading hours.
They're a licensed brokerage registered by the Cypriot Investment Firm (CIF) , Social trading is suitable for users who don't have enough experience in trading. Beginners can copy trades of more experienced traders in a rather quick and easy way using the platform.
submitted by cryptoexplorer79 to u/cryptoexplorer79 [link] [comments]

Structure and Outdated Indicators

I have heard from people and this dude “No nonsense Forex” pretty much all indicators are garbage and even things such as Fibs to be useless. Once you really break it down i have basically heard everything is garbage and nothing works which clearly is bullshit because plenty of people make money with trading forex.
I use support/resistance, Moving averages, and fibs and that’s it. It this useless and if so who knows of some NEW indicators or something to help me find a better direction. I’m trying to learn as much as I can but it’s hard to be confident when it’s 50/50 on every topic that everything works and everything doesn’t.
I honestly don’t think it’s impossible to trade forex. No way it’s impossible. I currently trade super mini lots .10 cent .50 cents
submitted by Kingmusshy21 to Forex [link] [comments]

Forex Trend Indicator Setup, Trading Plan Guide

Forex Trend Indicator Setup, Trading Plan Guide
Here are some simple trend indicators for conducting trend analysis of any pair, any currency or the entire forex market. These trend indicators are easy to set up and can be used by any forex trader.
These trend indicators are for Metatrader or most other forex charting systems for 9 different time frames. We also have a set of videos that will teach you how to set audible price alerts and Metatrader profiles for individual currency analysis.
Then you can start to conduct multiple time frame analysis every day and build your own trading plans for any pair. Here is a detailed guide as to how to prepare a forex trading plan:
Good Trading, Forexearlywarning
submitted by forexalerts to u/forexalerts [link] [comments]

Trading Platform and Market Data Development

If anyone is looking for a ready made online trading platform for #Forex, #Crypto, #Stocks and #indices, please dm me.
I also offer custom development and #markets #data real-time engine.
submitted by bankingtech to u/bankingtech [link] [comments]

Forex King Mt4 Trading Indicator: Unlimited & FREE Download

Forex King Mt4 Trading Indicator: Unlimited & FREE Download
Forex King Mt4 Trading Indicator is new and best profit gainers Metatrader 4 Indicator, proper use of Forex King Mt4 Trading Indicator can make you a successful forex trader.
Forex King Mt4 Trading Indicators and their performance.
1) Ichimoku
A classic indicator that combines several approaches to market analysis and is designed to identify trends, support lines, and resistance and generating buy/sell signals. In this strategy, we will use parameters 7, 42, 52 instead of the standard ones. Market entry carried out depending on the position of the current price relative to Ichimoku blue line indicator
An additional trend indicator for filtering signals. The entrance to the market is carried out depending on the color of the bar graph in the bottom parts of the graph.
Another trend indicator for filtering signals. Market entry carried out depending on the color of the bar graph in the lower part graphics. As with the previous indicator, the Forex King strategy standard parameters for this indicator are used.

Download now free & Unlimited

Forex King Mt4 Trading Indicator
submitted by mt4indicators to u/mt4indicators [link] [comments]

(Cont.) Strategy Analysis and Prep GJ - 11.11

(Cont.) Strategy Analysis and Prep GJ - 11.11
11.10.2019 analysis:


Monday - Definitely a day ruled by the bulls. Referencing my last post, there was not a whole lot that my trade entries (chosen before market) allowed me to do. A bit past the upper side of my chosen entry zone you will see a double top, and on the M5, it makes a pretty clean M pattern. However, because it was so extended, I simply didn't want to jump in and "Guess the Top". Those with better analysis than I may have seen the turning point as the perfect short, as it lined up with a high made on Nov 7 at about 10:45 just perfectly. Personally, I think it is difficult to decipher demand from noise on the M15, but today was a learning experience, as I was surprised to see so many levels blown out of the water by London's early moves. Lessons learned.
Anyhow, not much changed here in the larger time frames. Daily chart and H4 are creating a very nice volatility tunnel. A true tease, the guppy is not giving us much here. What really bothers me? On the daily chart, it looks as though the nearest upward spike peaked on Oct. 21. Look left and what do you see? Not a whole lot. Nothing in the way of major supply to stop the impulse we saw. Much like banks build their order book in the JPY session (depending on who you study), this appears to be the same thing only on a grander scale. Is the lack of supply/selling pressure enough to see this to in the coming month, or would the banks rather average down to better supply/price before making that same move...


This pair is in a lot of noise, and as such, like yesterday, I am truly thrown off about whether to choose a long or short bias. Rather, I will simply determine two points at which I feel I have both allowed myself to allow the market to make its move as well as allowed for the over extension necessary for good R:R.
To the short side, I like an entry of around 140.58. The red "1", "2", and "3" represent any unfilled orders in the near term. the 3rd level is the most opportune in my humble opinion. Beyond that, there is significant room to run, so I will be looking for good signs of reversal before making my entry.
To the long side, I am more cloudy. At the very least, the US/AUD low provides some simply stop hunt opportunities, but this is not as far out as I'd prefer. the M15 Proximal demand zone shows a fairly text book rally-base-rally. However, being on the M15, I am not putting much behind it other than a zone to watch should the long stop hunt move get blown by. The 3rd level of demand listed with the Blue "3", provides a location with unfilled stops that stand the most to lose given the last trading day.
All that said, I will wait and see which direction the market surges in London open (if at all), and then prep myself for the fade. Having looked through u/thefrozen_one trades, I am going to be looking for the following to assist my entry:
  • Sharp rejection at my chosen entries - I am still learning how to place these, so I will also be looking left for structure to provide confluence to my analysis in the moment.
  • M/W patterns on the M15 or M5
  • Tweezers/long wicks - again, looking for confluence here and not blindly trading wicks.
I appreciate those who entertain my rambling. At this stage, I am not anywhere near predicting the next move. However, this has been my first opportunity to consistently keep myself honest in analyzing and tracking a forex pair, free of indicator madness. I am excited to see my rather dry and ambiguous observances mature into confident bias with which I attack daily trades.
Green pips to all!
submitted by Rich_Foamy_Flan to Forex [link] [comments]

Some tools free from Onada's site.

I am not associated with Onada in any way, just thought these were interesting and didn't know about them until recently.
Volatility Graph: Zero in on which currency pairs show the most significant price fluctuations over various time periods.
Currency Correlation: See how currency pairs have moved relative to each other
Candlestick Patterns: See candlestick patterns plotted over recent currency movements.
Currency Strength Heatmap: See the percentage change and rank of each currency relative to other currencies traded against it.
Market Trading Hours: See global forex trading hours and statuses.
Official Economic Figures: Access more than 150 economic figures from the world's major markets.
OANDA Forex Open Position Ratios: A summary of open positions held by OANDA clients
OANDA Forex Order Book: A 24-hour summary of open orders and positions held by OANDA's clients.
edit: Article about: Using Oanda’s Orderbook To Trade Stop Hunts
Again, interesting but i'm just starting out, little to advanced for me right now.
submitted by Oatmeal_or_Porridge to Forex [link] [comments]

Oanda changed my demo account server

I had been using this particular demo account for the last 2 weeks or so. Been practicing my new strategy successfully on indices. I was previously on the Practice 4 server which which was perfect.
Fast forward today, I get an email from Oanda saying they've moved me to a Practice 2 server. I log in to the new one and it only has Forex pairs and no indices. Plus, all my trade history is now gone.
I feel like they didn't want me to continue developing my strategy since I was being successful with my trading. I feel cheated.
Has anyone experienced this before?
submitted by steeltitan1 to Forex [link] [comments]


Why were Professional traders using that?
Some peoples have doubts about why they are using that. So today I am going to tell you about Tradingview and its specialities.
Let’s start.
First of all, what is Tradingview?
Why Tradingview is the Best Charting Platform? Tradingview is the most advanced and smoothest charting platform and stock screener platform in the whole world. It has many many features that we even can’t think. It is trendy, and the users are increasing day by day. It has a large number of charting tools to research, and it also gives the ability to share their ideas with other traders.
What are the features of Tradingview?
*It has a wide variety of instruments to analyse(it has stocks, cryptos, forex, commodities and other indices) .......
Please read the full article on
submitted by profitary_in to u/profitary_in [link] [comments]

Forex Trend Indicator Setup, Trading Plan Guide

Forex Trend Indicator Setup, Trading Plan Guide
Here are some simple trend indicators for conducting trend analysis of any pair, any currency or the entire forex market. These trend indicators are easy to set up and can be used by any forex trader.
These trend indicators are for Metatrader or most other forex charting systems for 9 different time frames. We also have a set of videos that will teach you how to set audible price alerts and Metatrader profiles for individual currency analysis.
Then you can start to conduct multiple time frame analysis every day and build your own trading plans for any pair. Here is a detailed guide as to how to prepare a forex trading plan:
Good Trading, Forexearlywarning
submitted by forexalerts to u/forexalerts [link] [comments]

To those who trade the NYSE and NASDAQ 100. I have a question.

Hopefully this belongs here, if not i'll remove it!
My question is this: I see a lot of people trading nas100 (nasdaq 100. USTECH100. Brokers have so many different names for it) during the 15:30 NYSE opening. Here we usually see high volatility of course. So, how do you determine which way the market will be spiking during the open?
I always check the news and can never find anything and when I do, it suggests the opposite. For example, today it was a sell on open, but the news pointed towards a buy. Im fairly new to the whole integral market direction, and news trading and am just trying to understand it a little more. I fully understand it with Forex, but for index/indices I cant seem to get a grasp
submitted by FierceDZN to Daytrading [link] [comments]

Taking Control of Forex Trading Stress

Stochastic and Relative Strength index are two of the most popular Bitcoin Revolution 2 Review momentum indicators. These indicators will serve as a guide for determining levels at which to enter and exit. It pays to use momentum indicators if you really want to make it big in forex trading.Stay away from predicting price movement to protect your forex capital. Base your trading decision on sound logic and analysis to succeed in forex trading.
There are many claims that developers make about their Forex trading programs. Some claim that their robots can make you money within your first day of trading. Some also claim their software is so easy to install, you can start trading within minutes of downloading the program. Some even claim that their robots are the single most effective and reliable means of trading on the Forex market.
By this point, you've probably already swallowed these claims hook, line and sinker, or you've convinced yourself that all robots everywhere are scams designed to rob you blind.The truth is somewhere in between, as you'll find if you do your research. Searching the Internet will turn up a myriad of assorted Forex programs all claiming that they'll make you money on the Forex market, guaranteed.
Like snowflakes, every one is unique. And like snow itself, it's a bad thing to rush into without the proper preparation. There are some truly reliable and trustworthy robots out there that can make you money without any human input whatsoever, but there are also ones that will eat your investment and give you nothing in return. Whether you're a beginner or a seasoned veteran of the Forex market, a Forex robot is a valuable tool to have, but you should make sure that you're buying one that can actually back up its developers' lofty promises. Here are some questions you should ask.
submitted by steffandevin11 to u/steffandevin11 [link] [comments]

MasterForex has been created

Post-Forex Trade Ideas, Forex Strategies, New Forex Indicators and EA in this community.
submitted by crossposting to MasterForex [link] [comments]

What is the difference between Forex technical analysis and stock technical analysis?

Are the indicators used in trading stocks for example RSI, MACD, Bollinger bands, etc also apply to Forex? are there additional indicators that are only used in Forex?
submitted by Mr-zyx to Forex [link] [comments]

Episode 078: How To Trade Forex 123 Reversal Trade Set-Ups 1-2-3-pattern-indicator Forex: Top 2 Best Indicators / How to use them correctly ...

1-2-3 Pattern Indicator setting: line width, high low mode, fibo mode, fibo target, pattern high, tradeline high, pattern low, tradeline low. Download 1-2-3 Pattern Indicator: 1-2-3 Pattern Indicator. Related: Download Forex Quote Spread Indicator Forex quote spread indicator shows bid/ask price and spread the in the MT4 chart. Very useful. Continue reading →... MTF Moving Average Cross Bar ... 1-2-3 Muster-Anzeige-Einstellung: Linienbreite, Hoch Low-Modus, FIBO-Modus, FIBO Ziel, Muster hoch, TRADELINE Hoch, Muster niedrig, TRADELINE niedrig. Herunterladen 1-2-3 pattern Indicator: 1-2-3 pattern Indicator. verbunden: Herunterladen Forex Zitat Verbreiten Indicator Forex Quote-Spread-Indikator zeigt Bid / Ask-Preis und die Ausbreitung der in der MT4-Chart. Sehr hilfreich. Weiterlesen ... Forex indicator 1-2-3 pattern. 1-2-3.rar. compressed file archive 31.5 KB. Download. Show 123 Indicator. 123 Pattern V.6. 123 Pattern System. 123 Pattern System. 123 pattern Compressed Archive in ZIP Format 39.4 KB. Download. Show 123 V.2. Compressed Archive in ZIP Format 9.3 KB. Download . 123 pattern Share your opinion, can help everyone to understand the forex ... The forex 1-2-3 price action pattern trading is most simple yet powerful forex strategy you’ll ever find. It work best when the patterns follow the direction of trend (it also works against the trend). The pattern is also easy to identify on the chart and you can find it every day. Forex Pattern 1 2 3 Indicator can work alone to solve all these issues and keep your trading life easier and much more relaxing. You can apply this indicator for any Forex currency pair and in any timeframe chart to look for possible pattern trading solution. Contents hide. Forex Pattern 123 Indicator Overview: Forex Pattern 123 Indicator Anatomy. Forex Pattern 123 Indicator: Buy Parameters ... 1-2-3 plus 1-2-3 Indicator Post # 1; Quote; First Post: Apr 15, 2017 5:57am Apr 15, 2017 5:57am cowcool Joined May 2009 Status: Member 161 Posts. 123 alone is a powerful pattern that is traded by many pro traders. This patter known as 123 123 is even more powerful and i can execute it without thinking,literally . Can some make 123 123 pattern scanner that scan all pairs? This pattern ... FREE DOWNLOAD “Forex 1-2-3 Pattern MT4 MQ4 Trading Indicator & Template” – The 1-2-3 pattern is one of the most popular trading patterns. Download Trading Systems. Once you’re experienced enough, you will be able to spot them all over the place. However, like any other pattern, it’s not 100% reliable, but can be used as part of a trading strategy or trading system. Time Frame: H1 or ... The Pattern 1 2 3 indicator can be bought for $30 with 10 activations without the option to rent it. A demo is offered in the separate link on the ‘Overview’ page. This price is relatively low comparing to other indicators doing the same or similar function but we have found some free versions elsewhere, just not exclusively made for the 1-2-3 pattern. The 1-2-3 Pattern Indicator is a forex technical price action pattern indicator that recognizes and displays three legs of the 1-2-3 pattern. Additionally, the indicator places Fibonacci extensions on the chart. The 123 pattern is formed with three waves of price movements that create the 1,2 and 3 legs. This tool is commonly used for […] 1-2-3 Pattern Metatrader 4 Forex Indicator. The 1-2-3 Pattern Metatrader 4 forex indicator was developed for the 1-minute, 5-minute and 15-minute trading charts. The indicator draws the famous 1-2-3 trading pattern on the chart. Trading this pattern is quite easy: Take a look (screenshot below) at the third line of the trading pattern, when it is red colored, this is a bearish signal to go ...

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Episode 078: How To Trade Forex 123 Reversal Trade Set-Ups

1-2-3-pattern-indicator. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is starting stop ... Welcome to another episode of the 10,000 Trades Show! Today I am bringing you something a little bit different. I will show you a 1,2,3 reversal trade set up and help you identify it in live ... FREE: 3 - Part Reversal Series - CHECK OUT: EAP Training Program - JOIN: "Advanced Pattern Mastery Course" Waitin...