Candle analysis is one of the most popular methods of analyzing the market situation and finding the best points to open orders. From my own experience, I can confirm the effectiveness of candle models in trade, especially in combination with other analytical tools. Therefore, I recommend you use them in trading. However, novice investors may find it difficult to quickly determine the creation of a combination of candles on the price chart. In such a situation, it would be useful to use appropriate indicators. One of them is the Bheurekso Pattern. It will track the appearance of the pattern, inform the trader about it, and even write what kind of trade you can open (for purchase or for sale).This indicator is universal. This means that there are no restrictions on its use. The Bheurekso formula can be used to trade any instrument and within different time frames. This should take into account the fact that candle combinations work better on older TFs.
Installation and settings
When it comes to installation in MT4, this is done as usual. I described a detailed instruction on how to add a pointer to the trading terminal in the article “Metatrader 4. The Bheureksopattern indicator has only three settings in the settings.To draw levels on the chart to open trading orders, you need to enable the corresponding function. This is done with The Lines. In addition, the indicator should determine how many candles should be used for candle models. To do this, there is a step variable in the settings. Dell Optionis designed to activate the filter. With it, the indicator will display only strong candlesticks in the chart.
Trading using Bheurekso Pattern
The usage rate in trading is very simple. You can see this if you look at the chart:When you create a candle pattern, the indicator will draw the appropriate level, the model name will tell you and what transaction is recommended to open.Add an additional technical analysis tool to this indicator and you will get a trading strategy. In addition, the Bheurekso pattern is a kind of tutorial on candle models. The use of it in trading will allow novice traders to quickly remember the appearance and purpose of the main models Candles.To begin with, rate Bheurekso Pattern’s work in the demo trade. After gaining experience working with it, you can apply the indicator in real money trading.Download rate:Bheurekso_patternInga Fedorova 1010023.02.2021Record Indicator Bheurekso Formula for identifying candle combinations first appeared Magazine for Forex traders | forex-for-you.ru.