Trading with the Bheurekso Pattern involves utilizing a trading system based on an indicator that identifies patterns on the chart. This indicator, though occasionally recalculating, has gained significant popularity in the last year due to its high precision even when recalculations occur. The indicator is readily available on mql5. The suggested interpretation focuses on trend analysis, where the pattern aligns with the trend, although support and resistance levels can also be considered. The trend filter incorporates moving averages, trendlines, and the MTF stochastic oscillator configured for a higher time frame.Setup Strategy:
Time frame: 15 minutes or higher. Best time frames: H4, H6, H8, H12, daily, and weekly.
Currency pairs: Any.
Metatrader 4 indicators: Candle time, Support and resistance indicator, Bheurekso Pattern, Moving average, Trendline, Stochastic Oscillator MTF (10,3,3), Pallada Assistant, Currency Strength.
Trading Rules - How to trade with Bheurekso Pattern:
Trade only in the direction of the trend.
Buy:
Bheurekso Pattern buy signal.
Price above MA in green color.
Stochastic oscillator MTF of a higher time frame crosses upward.
Pallada Assistant confirmation.
Trendline below the candles (optional).
Price above the level of support (optional).
Sell:
Bheurekso Pattern sell signal.
Price below MA in red color.
Stochastic oscillator MTF of a higher time frame crosses upward.
Pallada Assistant confirmation.
Trendlines above the candles (optional).
Price below the level of resistance (optional).
If there is a buy or sell pattern signal, but the average has not yet crossed or is expected to change direction, or if the stochastic has already crossed, a position can be entered.
Exit Position:
Place the initial stop loss below/above the previous swing high/low.
Profit target ratio: Stop loss minimum 1:1 before the level of support or resistance.
Example Trades:
[Provide examples of trades based on the Bheurekso Pattern strategy.]
Bheurekso Pattern with Polynomial Regression:
Another approach to trading Bheurekso Pattern involves dynamic supports and resistances drawn from the polynomial curve using the outer areas of the curve. This represents a trend reversal pattern trading strategy.
Setup Strategy:
Time frame: 4H, daily, and weekly.
Currency pairs: Any.
Metatrader 4 Indicators: Bheurekso Pattern, Polynomial Regression, Brillant Reversal, Symbol Changer.
Trading Rules:
Buy:
Price action draws on the extreme lower side of the curve with a red area, buy circle, and arrow.
Indicates only considered purchase patterns.
Sell:
Price action draws a red area, circle, and sell arrow on the extreme upper side of the curve.
Indicates only considered sales patterns.
Position Exit: Same as the previous strategy.
Download
https://drive.google.com/drive/folders/1vUT1HE99aDQyY6x9cqJx2savcaQ7QXb_?usp=sharing
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