The Ultimate Forex Pattern Scanner Robot for Metatrader 4 is an impressive automated trading tool designed to deliver buy/sell signals for any pair and time frame.
This Forex robot presents itself as a comprehensive dashboard right on your price chart, providing out of the box trading signals and an overall trade bias analysis scanning tool.
Through a user-friendly interface, it showcases currency strength, spread, ADR, as well as a series of buy and sell arrows tailored to your selected time frames and currency pairs.
It’s also capable of scanning any price chart for the following price action patterns:
- Inside bar
- Pin bar
- Spike bar
- Reversal bar
- Outside bar
Convenience is at your fingertips with the ability to take screen shots, clear all alerts, and close open charts with just a simple mouse click.
To assist you in interpreting trends effectively, the trend legend employs a color-coding system to distinguish between strong trends, normal trends, and neutral trends.
To ensure optimal functionality, please remember to enable DLL imports.
The image below shows the Ultimate Forex Pattern Scanner Robot applied to the EUR/USD 1-hour trading chart.
Recommendations & Specifications
- The tool is compatible with all time frames and currency pairs.
- Efficiently scans numerous charts for signals and patterns.
- Offers a wide range of adjustable options to suit individual preferences.
- Capable of identifying single chart patterns.
- Supports both demo and real trading accounts.
- Designed for use with Metatrader 4 trading platform.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Signal settings, Bollinger Bands period, deviation, displays time frame settings, add/remove symbols, scanner chart alerts, push alerts, sound alerts, local time, display options, color scheme, and more.
Download This Expert Advisor
How to install and run the Ultimate Forex Pattern Scanner Robot in Metatrader 4?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Forex Pattern Scanner Robot.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the Ultimate Forex Pattern Scanner EA!