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Position Sizer
Calculate risk-based position size directly in your MetaTrader platform and execute a trade in one click or a press of a button.Education
What Is Forex
Learn what Forex is and how it works from this simple explanation.Indicators
Supertrend
Download the Supertrend indicator for MT4 and MT5 to detect trend changes based on the price action.Tools
Position Size Calculator
Calculate your position size based on risk, stop-loss, account size, and the currencies involved. A simple online calculator for quick results.Pattern Indicators
Pattern indicators help you find patterns on your charts: be it candlestick patterns, classic chart patterns, or some price action formations. Usually, pattern detection indicators rely on customizable parameters to find patterns. This lets you configure them to fine-tune the set of patterns they detect.
Custom pattern indicators that are presented below are completely free and are provided with open source code. Some of them are able to issue alert notifications when a certain pattern is detected. Chart pattern analysis can be a powerful tool in your trading, but you need to know well what each pattern mean and how to build your trading setups around it.
Pattern Recognition Master ver. 1.02, 2022-03-18
An indicator for the automatic Japanese candlestick patterns recognition. It marks each candle, which fits any pattern, with the special code that represents the appropriate candlestick pattern. The legend for the patterns and the corresponding symbols is also attached to the chart with this indicator.
How to up your pattern detection game?
- Analyze the chart structure leading up to the detected pattern. Most patterns require certain context to be valid.
- Backtest and keep detailed statistics of how each pattern performs. Accumulating your own statistics is one of the most valuable thing you can do for yourself in trading.
- Use other indicators (trend or oscillators) for confirmation.
