Description
What is Quasimodo Pattern QM Indicator?
The Quasimodo Pattern QM Indicator is a cutting-edge tool designed to automatically detect rare price reversal patterns in advanced price action trading. This pattern, known for its distinctive structure of three peaks and two troughs, features a middle peak that stands taller than the two outer peaks, which are of equal height. Typically appearing at the end of an uptrend, the Quasimodo pattern is renowned for its high success rate in signaling market reversals.
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Key Features of Quasimodo Pattern QM Indicator
Main Features:
- Quasimodo Pattern Detection: Automatically identifies and highlights Quasimodo reversal patterns directly on the price chart.
- Trading Signals: Generates clear Buy/Sell signals based on the detected Quasimodo patterns, helping traders make informed decisions.
- High Win Rate: Provides a strong probability of successful trades when utilizing Quasimodo patterns.
- Trading Strategies: Offers strategic recommendations for entry points, Stop-loss (SL), and Take-profit (TP) levels to optimize trading outcomes.
Additional Features:
- Automatic Pattern Search: Continuously scans the market to detect Quasimodo patterns without manual effort.
- Signal Alerts: Delivers real-time notifications when new Quasimodo patterns are identified.
- VPS Integration: Compatible with VPS, enabling continuous market monitoring for maximum pattern detection efficiency.
- Integrated Supply and Demand Zones: Enhances accuracy by combining Quasimodo patterns with supply and demand zones for more precise entry points.
Quasimodo Pattern QM Indicator Review
The Quasimodo Pattern QM Indicator stands out for its ability to reliably detect reversal patterns that often signal the end of an uptrend. Its unique structure—three peaks and two troughs, with the highest middle peak and equally tall outer peaks—makes it a valuable tool for traders aiming for high-probability trades.
Quasimodo Pattern QM MT4 Settings
User Reviews and Feedback
This indicator is highly regarded in the trading community for its exceptional accuracy and utility. Here’s what some users have to say:
- Jason (2023.09.02): “I just bought this and am very happy with it. Very accurate and very useful.”
- Pepe (2023.08.03): “Does not capture 100% of all patterns, but the scanner is excellent. Can be a bit slow with many pairs open. Overall, a solid indicator.”
- LeeMyra2 (2023.07.05): “High win rate. Faster scanner. Simple method. Easy money.”
- Russell Javier Rennalds (2022.12.20): “The first signal I tested went into profit. I’ll keep monitoring its signals for accuracy, but it looks promising, especially with SMC. Waiting for the latest update to fully test its potential. Great product.”
- Jron Brown (2022.03.13): “One of the best indicators I’ve used in a long time. Extremely accurate, and the author is very responsive. I’m delighted with my purchase and other indicators from the same author.”
Trading Specifications:
- Trading Platform: MetaTrader 4 (MT4)
- Time Frames: Suitable for any time frame
- Currency Pairs: Compatible with all currency pairs
- Product Type: NoDLL / Fixed
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