1-3 Trendline Breakout

LOGO2
5/5
MT4-402

or

Product Features
  • No Repaint
  • No Back Paint
  • Long Term Trading
  • Short Term Scalping
  • Low Risk Trade System
  • Trade Notifications (PopUp , Email and Push)

1-3 Trendline Breakout - Mt4 Indicator

Download Free  Version 

This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system. The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward.

PATTERN BACKGROUND

The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed , it usually indicates a shift in supply and demand and thus a possible new trend. The 1-3 Trendline Pattern occurs in every market and it is formed by supply and demand. This means the pattern is not limited to forex market only but can also be used to trade commodities are stocks.

HOW TO USE

  • Step 1 : Spot the pattern when the signal comes up
  • Step 2 : Make sure the trendline has not been broken before .When this happens in most cases it is usually a false pattern but there are also some successful pattern formed this way. Our advise is if you are going to risk taking this type of pattern , make sure the stop loss/risk level is very small.
  • Step 3 : Trade the signal
  • Step 4: Close partial profit at a 1:1 risk to reward ratio. This means when price reaches a profit equals to the risk, close out part of the trade and ride out the rest profits

SCREENSHOTS

FREE DEMO VERSION

  • Works on Strategy Tester only

PRO VERSION ($89)

  • Works on all currency pairs
  • Works on all time frames
  • Pop Up Alert Enabled
  • Email Alert Enabled
  • Push /Phone Alert Enabled

or

WE OFFER FOREX PROGRAMMING SERVICES

Forex Robot Makers is a bespoken forex programming service with over 5 years experience in Forex Trading and forex robot programming . We program Expert Advisors , Indicators and Scripts in both MetaTrader 4 and MetaTrader 5 . Our App store holds the best collection of free & paid forex products.

Over 500 of our Forex Software sold on Mql5 market . We are a proud recipient of Mql5 500th Sale Award !

POPULAR IN OUR APP STORE

$89

This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system. The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward...

$89

First discovered by Bille Wolfe . The wolfe wave is a 5 wave price action pattern that is formed by supply and demand in a market and the fight to reach equilibrium in the market.

$79

The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards .

$89

M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics

$129

Flag Pennant Scanner Trader is a Multi-Time frame and Multi-Currency scanner for Flag and Pennant chart patterns. All currency pairs are scanned and monitored from one chart. The pattern display is designed into Visual chart Patterns Displays and Dashboard Displays...

$79

Pivots Dashboard is the single most complete instruments set for Pivot Points trading currently available in the market. We have done a comprehensive research prior to the product design to make sure that this product meets every need of Pivot Point trading...

$79

This Currency Meter uses a basket of 28 currency pair to define strength. This indicator shows currency strengths of different time frames in one chart thus giving you a clear picture of the long and short term sentiments of the market in a single view...

$79

Volume always precedes price. Thus if you want to see the move before it happens, take your eyes from the price and look at the volume. Volume Strength 28 is a currency meter that is different from any you’ve come across. It uses volume as the bases for its analysis....