The 1 2 3 Forex Pattern Indicator V6 with Arrows for MT4 provides solid buy and sell trade recommendations based on the 1 2 3 trading pattern.
- A blue arrow is a buy signal.
- An orange arrow is a sell signal.
The indicator works for any time frame and fits scalping, day trading and swing trading.
The indicator works for all trading instruments.
Indicator Example Chart (EUR/USD M5)
How to trade with it (example)?
Open a buy trade position as soon as the blue breakout arrow appears on the MT4 chart.
Open a sell trade position as soon as the orange breakout arrow appears on the MT4 chart.
Close the open trade for a fixed profit target, or use your own trading strategy to exit the trade.
Feel free to use your own favorite trading method to open and close trades with the 1 2 3 Forex Pattern Indicator V6 .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Show bars, show bulls, show status, show bears, show dots, filter, color settings & style
Indicator type: price action
Repaint? Does not repaint the blue and orange colored signal arrows.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 123PatternsV6.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.