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The 123 Pattern Market Scanner

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This pro Advisor is a scanner for 28 currency pairs in this Forex market. it is based on this concept of the “123” pattern with a pair of SMA, Heiken Ashi for detecting trading signals. You can choose any time to scan.

buy condition:

  • The rapid MA is greater compared to the slow MA (uptrend supported), while the Heiken Ashi is rolling back and beginning to really move uptrend.

Condition for sale:

  • The fast MA is under the slow MA (downtrend confirmed), while the Heiken Ashi is rolling back and beginning to go downtrend.

(This concept is described in the attached screenshots)

The Expert Advisor will constantly scan the symbols according to the current timeframe selected in MetaTrader 4 to find the symbols on which these conditions are met. If the above Buy (Long) or Sell (Short) condition is met on any symbol, a button will appear in the Buy/Sell column. The user only needs to click on the button, the utility will automatically open the chart on this timeframe for checking and making a decision.

This Expert Advisor does not contain trading functions, but scans pairs in the specified time period. Whenever the pair matches the logic, the Expert Advisor creates a button on the screen and sends pop-up alerts and messages to the MetaQuotes ID. The user only needs to click on the button, the utility will automatically open the chart on this timeframe for checking and making a decision.

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All configurations are in the input parameters. Important input parameters:

  • Scanning Frequency: the interval for scanning the market in seconds.
  • Symbol suffix: a suffix in the symbol name according to your broker or your account type.
  • Font Name: the font of the displayed text.
  • Font Size: The font size for setting the best display on the screen.
  • Message Text: the color of the text.
  • Up Color: The color of the Buy buttons.
  • Down Color: The color of the Sell buttons.
  • First Row: indent the first row to display the panel.
  • Left Margin: indent from the left edge.
  • Column Space: the distance between columns.
  • Button Width: the width of the Buy/Sell buttons.
  • Row Space: the spacing between lines.
  • Show Notification: Enable / disable sending messages to MetaQuotes ID.
  • Broker Time’s Offset to GMT: the difference in hours between the broker’s time and GMT.

This is the main tool that I and others use, and I get great results with it.

Please take into account the higher timeframe to get a clear idea of the trend, and then make a decision on the trade.

Semi-automatic trading advisor is available for our clients, please contact us ([email protected]) to get it.

28 pairs include:

“AUDCAD”,”AUDCHF”,”AUDJPY”,”AUDNZD”,”AUDUSD”,”CADCHF”,”CADJPY”,”CHFJPY”,”EURAUD”,”EURCAD”,

“EURCHF”,”EURGBP”,”EURJPY”,”EURNZD”,”EURUSD”,”GBPAUD”,”GBPCAD”,”GBPCHF”,”GBPJPY”,”GBPUSD”,

“NZDCAD”,”NZDCHF”,”NZDJPY”,”NZDUSD”,”USDCAD”,”USDCHF”,”USDJPY”,”XAUUSD”

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