Pattern 123 Indicator V1.0 MT4

The Pattern 123 Indicator V1.0 for MetaTrader 4 (MT4) is a powerful tool for identifying trend reversals and breakout opportunities. This indicator automatically detects the 123 pattern, a well-known price action setup used by professional traders. Below is a comprehensive breakdown of its usage, including minimum deposit, recommended timeframes, and suitable currency pairs.

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Key Features & Trading Conditions

Minimum Deposit Requirement

• The recommended minimum deposit is between $100 – $250 for stable risk management.
• Traders using higher leverage (1:100, 1:500) can start with a lower deposit but should use proper risk control.
• Works best with Standard, ECN, and Raw Spread accounts to ensure low slippage and fast execution.

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Best Timeframes for Trading

The Pattern 123 Indicator V1.0 MT4 works across different trading styles, making it versatile for multiple timeframes:

M15 & M30 – Best for intraday traders looking for frequent setups.
H1 & H4 – Suitable for swing traders who hold trades for a few hours to days.
D1 (Daily Chart) – Ideal for long-term traders identifying strong trend reversals.

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Best Currency Pairs for the Indicator

This indicator is most effective on high-liquidity forex pairs, ensuring reliable performance:

EUR/USD – Most traded pair, excellent for technical analysis.
GBP/USD – Volatile movements, great for breakout traders.
USD/JPY – Stable price action, ideal for pattern-based strategies.
AUD/USD – Works well in trend-following setups.
USD/CAD – Best for trading during the New York session.

Bonus: Can also be used on Gold (XAU/USD) and certain indices after proper backtesting.

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Why Choose the Pattern 123 Indicator?

Automated pattern recognition – No need to manually spot setups.
Custom alerts – Stay notified about potential trades.
Compatible with multiple trading strategies – Scalping, swing trading, and breakout trading.
Increases trading accuracy – Reduces false signals and enhances decision-making.

This indicator is a must-have for traders looking to capitalize on trend reversals and breakout opportunities using a proven 123 pattern strategy.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

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Additional Resources:

Instant Download:   https://www.fxcracked.org/product/pattern-123-indc-v1-0/

You can also download from other websites:

https://yoforexea.com/product/pattern-123-indicator-v1-0/

https://www.forexfactory.cc/product/pattern-123-indicator-v1-0/

https://www.mql5.software/product/pattern-123-indicator-v1-0/

 

Happy Trading