Bheurekso Pattern Indicator V4.01 MT4 – Chart Pattern Trading Tool


Introduction


Price patterns have always been at the heart of technical analysis. From double tops to head-and-shoulders, recognizing these setups can mean the difference between catching a big move or missing out completely. The problem? Most traders spot patterns too late or fall for false setups.


That’s why the Bheurekso Pattern Indicator V4.01 MT4 was developed — a powerful chart pattern recognition tool that automatically identifies high-probability forex patterns on the H1 timeframe. Designed for major forex pairs, this indicator removes the guesswork and keeps your trading disciplined.


Overview of Bheurekso Pattern Indicator V4.01 MT4


This indicator is built specifically for H1 timeframe pattern trading across all major forex pairs like EURUSD, GBPUSD, USDJPY, and AUDUSD.


Its algorithm scans price action in real-time, recognizing structures such as:



  • Double Tops & Bottoms

  • Head & Shoulders / Inverse Head & Shoulders

  • Triangles (Ascending, Descending, Symmetrical)

  • Flags & Pennants

  • Wedges


Once a pattern is detected, the indicator displays clear visual signals and optional alerts, allowing you to trade with confidence.


Unlike subjective manual pattern drawing, Bheurekso Pattern Indicator is rule-based, ensuring consistency and eliminating bias.



Key Features



  • Pattern Recognition Engine – Detects classical chart patterns on H1 charts.

  • Works on Major Forex Pairs – Optimized for EURUSD, GBPUSD, USDJPY, AUDUSD, etc.

  • Clear On-Chart Signals – Visual arrows and pattern outlines.

  • Any Broker Compatibility – Works on all MT4 brokers.

  • Non-Repainting – Once a pattern is drawn, it stays.

  • Custom Alerts – MT4 pop-up, email, or sound notifications.

  • Trend Confirmation Filter – Avoids false signals by aligning with higher timeframe trend.

  • User-Friendly Setup – Plug-and-play indicator with adjustable parameters.

  • Risk Management Helper – Suggests potential SL/TP zones based on pattern structure.

  • Lightweight Code – Runs smoothly even with multiple pairs open.


How It Works


The Bheurekso Pattern Indicator V4.01 uses a step-by-step logic to ensure accurate recognition:



  1. Pattern Scanning: Continuously monitors price action on H1 charts.

  2. Breakout Validation: Confirms breakouts or reversals before signaling.

  3. Entry Signal: Prints arrows or shapes showing potential buy/sell zones.

  4. Stop Loss & Target Zones: Provides guidance on risk/reward placement.


This ensures traders aren’t just reacting to random shapes but acting on validated structures with higher probability.


Best Settings & Trading Tips



  • Pairs: Major forex pairs only (EURUSD, GBPUSD, USDJPY, AUDUSD).

  • Timeframe: H1 (mandatory for accurate signals).

  • Risk Management: Use 1–2% per trade with SL set beyond pattern invalidation.

  • Confluence Trading: Combine signals with moving averages or RSI for better accuracy.

  • Session Usage: London & New York sessions show best performance.


Performance Insights


In forward testing across EURUSD & GBPUSD on H1:



  • Pattern Accuracy: ~77% of signaled patterns led to profitable moves.

  • Win Rate: ~70% when combined with trend filter.

  • Best Performing Patterns: Triangles & Double Bottoms.

  • Risk/Reward Ratio: 1:2 achievable on average setups.



Installation Guide



  1. Download the indicator from FXCracked.org.

  2. Open MT4 → File → Open Data Folder → MQL4 → Indicators.

  3. Paste the .ex4 file into the Indicators folder.

  4. Restart MT4 and open an H1 chart.

  5. Attach Bheurekso Pattern Indicator to your major forex pair chart.

  6. Adjust settings (alerts, colors, filters) as needed.


Why Choose YoForex-Powered Tools?


YoForex-backed releases are trusted worldwide because:



  • Free to download forever.

  • Backtested & live-tested for performance.

  • Lifetime updates to stay market-relevant.

  • Direct trader support via WhatsApp & Telegram.


If you’re new, check our Beginner’s Guide for a full walkthrough.


Support 



Call to Action – Download Now


Don’t miss out on profitable H1 chart setups. Download the Bheurekso Pattern Indicator V4.01 MT4 today and let automated pattern recognition work for you.


Download Free from FXCracked.org
Get full trader support via WhatsApp & Telegram.


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Happy Trading