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Quasimodo Indicator, Harness Breakthrough Accuracy

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The Quasimodo MT5 Indicator automatically analyzes the pattern, optimizes it, and generates trading signals for buying and selling currency.

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Description

The ideal swing points for a Quasimodo or Over and Under chart pattern are automatically scanned by the Quasimodo indicator for MT5. Furthermore, the indicator has the ability to automatically optimize the technique in order to consistently identify the optimal trading settings. Additionally, the results panel shows the historical performance of trading signals with a certain stop loss and take profit. Forex traders are able to recognize the trend and make automatic purchases and sales in this manner.

In fact, the indicator lets seasoned forex traders use it efficiently and offers dependable input settings. On the other hand, novice traders can use signals to place trades and follow the A, B, C, and D pattern.

The indicator is also free to download and performs well across all charting timeframes.

Trading Signals for Quasimodo Indicator MT5

Quasimodo Indicator

The Quasimodo Indicator MT5 is displayed in action on the GBPUSD H1 chart that can be found above. In particular, the display panel provides a comprehensive breakdown of the historical statistics of virtual trades pertaining to this pattern. Accordingly, foreign exchange traders are able to optimize in order to determine the optimal settings for every currency pair and timeframe that they wish.

When trading alerts are generated by the indicator, traders have the ability to purchase or sell. Both the stop loss and the take profit are automatically calculated in the same manner. Traders are able to quickly follow them and trade in accordance with their actions.

Conclusion

When it comes to forex traders who are interested in buying and selling utilizing the Quasimodo pattern, the Quasimodo Indicator MT5 is an excellent indicator that comes highly recommended. However, the most advantageous aspect of the indicator is its capacity to automatically scan settings and improve them in order to get the most favorable trading outcomes.

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Buffer: Distance in pips from support or resistance lines to trigger a trade.
AllowLegABreak: Allows the pattern to remain valid even if the price breaks the starting point of leg A.
OnlyOnePattern: Enables or disables simultaneous trading of both long and short patterns.
CancelPatternCandles: Maximum number of candles allowed after the end of leg D before cancelling the pattern.
TakeProfit: Pip value for take profit.
StopLoss: Pip value for stop loss.
SwingTakeProfit: Sets take profit at the recent swing point.
SwingStopLoss: Sets stop loss at the recent high or low swing point.
MaxTradesPerPattern: Number of trades to execute each time the level is reached.
LongTrades: Enables buy trades.
ShortTrades: Enables sell trades.
ProfitableTradesPercentage: Minimum percentage of profitable trades for optimization.

Optimization Parameters:

  • OptimizeBuffer: Min and max values for buffer optimization.

  • OptimizeTakeProfit: Min and max values for take profit optimization.

  • OptimizeStopLoss: Min and max values for stop loss optimization.

  • UniqueID: Unique identifier for each saved optimization file.

Alerts Settings:

  • Alerts: 0 = disable, 1 = trade opened, 2 = trade closed, 3 = both; second digit: 0 = disable, 1 = pattern formed.

  • AlertSound: Select alert sound file.

  • Email: Enable alert emails.

  • Notifications: Send alerts to mobile devices.

  • ScreenShots: Save screenshots to a folder.

Leg A Settings:

  • MinHeightA / MaxHeightA: Minimum and maximum required height (in pips).

  • MinHeightAType / MaxHeightAType: Values measured in pips.

  • MinCandlesA / MaxCandlesA: Minimum and maximum candles required for leg A.

Similar settings apply for Legs B, C & D.

Other Settings:

  • PastBars: Number of historical bars to consider.

  • ShowVirtualTrades: Toggle display of virtual trades.

  • TradeFontSize: Font size for trade information.

  • ShowLegsLines: Toggle display of leg lines.

  • ShowSwingPointsPrice: Toggle display of swing point prices.

  • SwingPointsPriceColor: Color of swing point prices.

  • SwingPointsPriceSize: Size of swing point prices.

  • ShowOptimizeButton: Show optimize button on chart.

  • ShowDisplayPanel: Show the display panel.

  • DisplayPanelFontSize: Font size in display panel.

  • DisplayPanelFontColor: Font color in display panel.

  • DisplayPanelBGColor: Background color of display panel.

  • DisplayPanelFGCorner: Foreground color of display panel.

  • FontsType: Font type used.

Color Settings:

  • BuyColour: Color for buy signals.

  • SellColour: Color for sell signals.

  • ChartBGColor: Chart background color.

  • ChartFGColor: Chart foreground color.

  • ChartUPColor: Color for upward movement on chart.

  • ChartDownColor: Color for downward movement on chart.

  • CandleBullColor: Color of bullish candles.

  • CandleBearColor: Color of bearish candles.

  • ChartGridColor: Grid line color.

  • ChartLineGraph: Line graph color.

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