The 123 Pattern Strategy With Fibonacci MT5
- Indicators
- Issam Kassas
- Version: 1.0
- Activations: 20
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Our Mission and Vision:
Why Am I Even Here?
Here is The Deal Brother, We Offer:Premium Quality Indicators: The Highest Quality Possible Algorithms.
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Unlimited Activations: Can be used on Unlimited number of Computers, MT4s and MT5s for lifetime.
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Inexpensive Prices: 30$ is the lowest price possible, Knowing that more than 50% of our Indicators are 100% FREE.
But Why Am I telling You this?
I am Telling You this, Because of 3 Reasons:
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I would like to be honest with you: A rare quality nowadays..
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have money or not you will get premium and inexpensive even free indicators for life. -
I Personally have been there and I wished somebody cared.
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About This Indicator:
"The 123 or ABC Pattern Strategy With Fibonacci" Indicator is a cutting-edge technical analysis tool meticulously designed to recognize and leverage the power of the 123 or ABC chart patterns in combination with Fibonacci levels. This strategy let traders make well-informed decisions and gain a competitive edge in the dynamic forex market.
Spotting the 123 and ABC Patterns: Learn how to identify the 123 and ABC patterns on price charts. These patterns are composed of three distinct price swings, providing valuable insights into potential trend reversals or continuations.
Harnessing the Potential of Fibonacci: Discover the significance of Fibonacci retracement and extension levels. The indicator seamlessly incorporates these levels, assisting traders in pinpointing enhanced potential entry and exit points.
Entry and Exit Points: Master the art of using the 123 or ABC pattern in conjunction with Fibonacci levels to determine optimal entry and exit positions for your trades.
Confirmation with Multiple Timeframes: Explore the benefits of validating 123 or ABC patterns and Fibonacci levels across multiple timeframes. This comprehensive approach enhances the reliability of your signals.
Risk Management Strategies: Learn how to manage trading risks effectively. Implementing proper risk management techniques is crucial to safeguarding your trading capital.
Integrating Other Technical Indicators: Understand how to combine "The 123 or ABC Pattern Strategy With Fibonacci" Indicator with other technical indicators to create a well-rounded trading strategy.
Backtesting and Optimization: Utilize historical data to backtest the indicator and fine-tune your trading approach for optimal performance.
Real-time Alerts and Notifications: Stay ahead of the game with real-time alerts and notifications. Never miss a potential trading opportunity again.
User-Friendly Interface: The indicator boasts a user-friendly interface, making it suitable for traders of all experience levels.
Compatibility with Leading Trading Platforms: Enjoy the flexibility of using "The 123 or ABC Pattern Strategy With Fibonacci" Indicator on popular trading platforms such as MetaTrader 4 and MetaTrader 5.
Continuous Support and Updates: Benefit from ongoing support and updates to ensure the indicator remains up-to-date and effective.
Remember, while "The 123 or ABC Pattern Strategy With Fibonacci" Indicator provides valuable insights, trading requires a realistic approach. Combine technical analysis, risk management, and market knowledge to make prudent trading decisions. (Disclaimer: Forex trading involves risk, and past performance is not indicative of future results. Always trade responsibly and seek professional advice when needed.)
Frequently Asked Questions:
Q: What is 123 or ABC Pattern Strategy?
A: 123 or ABC 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 or ABC pattern falls under two scenarios:
1- Continuation 123 or ABC 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 or ABC 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 or ABC Pattern strategy is that its very Simple and easy to understand, evolves only Price action, No technical Indicators.
Q: What's Fibonacci Golden Zone?
A: 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.
Q: How much does it cost:
A: Current Price $30 Minimum, But Possible Future Price $199!
Q: Do you Sell outside of the Mql5 community?
A: Absolutely not, Its is against the rules of mql5 community and anybody who sells using our brand name is a scam and should be avoid at any cost.
Q: Can I use it on all timeframes and all markets?
A: YES, It Can be used on All Markets and All Timeframes.
Q: Can I use this custom indicator on multiple charts?
A: Yes, you can use the custom indicator on multiple charts. Simply add it to each chart from the Navigator window.
Q: Can I use this custom indicator on multiple trading accounts?
A: Yes, You can use it on unlimited trading accounts (with our unlimited activations).
Q: How do I install this custom indicator I purchased?
A: To install the custom indicator you purchased, follow these steps:
- If you still didn't buy the indicator by clicking the buy button above.
- Refresh the page and you will see Install button.
- Click install the web page will ask your to open MetaTrader, Click Confirm.
- Open MetaTrader and go to "Navigator" -> "Indicators" -> "Market", you will see your newly bought indicator listed.
- double click or click and drag to the chart.
- setting window will open, custom your preferred setting and confirm.
Q: Do you have the other version of MetaTrader?
A: Yes, you can find the other version Here.
Q: How to trade using this indicator?
A: Follow below steps:
1- Install the Indicator in your chart.
2- The Indicator will Alert you to Meta Trader and your phone when new 123 or ABC 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.
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 123 or ABC 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.
More tips:
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).
Q: What's the formula used?
A: The indicator has a Smart algorithm that scans and retrieve valid and important info.
Q: Does if show SL and TP? and What is the red and green boxes?
A: No, The green and red boxes are used for demonstration only.
Q: Can this Indicator Alert me on Email and Phone when price near a level ?
A: Yes, you will be able to enable alerts in the setting panel.
Q: How to integrate this Indicator in my trading?
A: There are a lot of strategies that uses this Indicator including most of price action traders and day traders use it, Removing the human error by using a complex algorithm formula will help not only save the traders time but increase probabilities of your entries and exists signals.
Q: Does it have the Hide and Show Button/Hot key?
A: Yes, Hide button is new technic that allow for cleaner chart setup.
Q: Can this indicator be used with an Expert Adviser?
A: Yes, This indicator does return buffers that can be used as buy and sell signals buy Expert Advisers.
Q: How do I customize the settings of the custom indicator?
A: To customize the settings of the custom indicator, double-click on it in the Navigator window or drag it onto the chart. A settings window will appear, allowing you to adjust the parameters as per your preference.
Q: Does the custom indicator repaint or redraw its signals?
A: The repainting behavior of custom indicators depends on their specific logic and design. Please refer to the indicator's documentation or ask the seller for clarification.
Q: Can I get support or assistance with using the custom indicator?
A: Yes, if you have any questions or need assistance with using the custom indicator, you can contact the seller or developer through the MQL5 website or the provided contact information.
Q: How can I backtest the custom indicator's performance?
A: To backtest the custom indicator, open the Strategy Tester in MetaTrader 5, select the indicator, choose the desired settings, and run the test on historical data.
Q: What are the settings of this indicator?
A: This indicator offers full control over everything:
- Control the Modes.
- Control the appearance of the indicator.
- Control number of bars to analyze.
- Control Alerts.
- Control thickness of elements.
- Control the colors of elements.
- Show hide of all elements using button or Hotkey.
- Change position of the button.
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