Recognizing candlestick patterns when looking for the best trade
Pattern Recognition Indicator
  • Alerts drawn on the chart help identify possible chart patterns
  • Each alert is identified at the top left of the chart for reference
  • Works on Metatrader 4 on any currency pair in any timeframe
  • Download it here
  • If you want all of our premium indicators totally free open your account here
Pattern Recognition Indicator for Metatrader
This charting technique has become very popular among traders. One reason is that the charts reflect only short-term outlooks, sometimes lasting less than eight to 10 trading candles. Candlestick charting is a very complex and sometimes difficult system to understand. This indicator for your metatrader will help you find these candlestick patterns automatically.
This indicator will help you locate all of the important candlestick patterns and display them on your chart. From there you can make a decision if the pattern is worth trading. There are many patterns such as bearish or bullish engulfing, doji, morning star, piercing line etc. It would be great to have an indicator that can help you find these patterns.
Chart View of Indicator working in real time
See the chart shown below of the GBPUSD on a 1 hour chart. Ccandlestick patterns are identified for the trader at the top left of the chart and labeled above and below the candlesticks as an alert.

Example 1.Pattern Recognition of Candlesticks on GBPUSD 15 minute chart

Trading in the off exchange retail foreign currency market is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this presentation is a recommendation to buy or sell currencies and DigitalNet LLC and Protraderforex LLC is not liable for any loss or damage, including without limitation, any loss of profit which may arise directly or indirectly from the use of Destiny software..

Disclaimer : Trading the forex market with or without using leverage is risky. One should not use funds which he or she can not afford to lose. Past performance is often not a good indication of what will occur in the future.

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This is very likely the opportunity you have been waiting for. You will have questions and we can answer them. We will give you information on how to work from your own home using this brand new software. Call us at 440-449-0291 we will answer any questions you have.

Forward testing results

Click here to see the actual performance of destiny. This is the most reliable form of testing a trading system as it shows you what is actually happening and how much money you would have made had you used the destiny expert advisor.

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