Description

Bystra Pattern Indicator: A Comprehensive Guide for Traders

What is the Bystra Pattern Indicator?

The Bystra Pattern Indicator is a powerful tool designed to help traders identify potential trading opportunities based on the Bystra pattern theory. This indicator provides precise entry points for placing limit orders, along with target and stop-loss levels. By utilizing these features, traders can calculate their risk percentage effectively, which is a crucial aspect of proper money management in trading.

Key Features of the Bystra Pattern Indicator

1. Use System Visuals

This option allows traders to enable or disable the visual theme of the indicator. By customizing the appearance, users can tailor the interface to match their preferences and enhance usability.

2. Relate to Speed

With this feature, traders can choose whether to detect the Bystra pattern only during fast market movements in the last wave. Since rapid price action often indicates higher volatility, enabling this option may enhance the pattern’s relevance and reliability.

3. Show Last Candle Counter

This function enables a real-time candle timer, displaying the time remaining until the current candle closes. This can be useful for traders who rely on precise timing in their strategies.

4. Customizable Visual Settings

• Candle Counter Color – Allows users to modify the color of the countdown timer for better visibility.
• Bullish Pattern Color – Enables traders to choose a specific color for displaying bullish patterns.
• Bearish Pattern Color – Lets users set a custom color for bearish patterns on the chart.

5. Alert and Notification System

The indicator provides multiple alert options to keep traders informed of market movements:

• Send Alert – Enables or disables on-screen alerts with sound.
• Send Notification – Sends push notifications to mobile trading platforms.
• Send Email – Sends trade alerts via email for remote monitoring.

6. Show Targets

By enabling this feature, traders can display target levels directly on the chart, helping them plan their exit points and potential profit-taking zones more efficiently.

7. History Bars

This setting determines the maximum number of historical bars used to detect the Bystra pattern, allowing traders to analyze past patterns for improved decision-making.

Additional Notes on the Bystra Pattern Indicator

• The indicator is built with buffer functionalities, making it compatible with Expert Advisors (EAs) for automated trading.
• Risk management is emphasized as a key aspect of effective trading when using this indicator.
• The template settings are saved when changing the time frame, ensuring a seamless trading experience.
• Traders interested in learning more about the Bystra pattern theory may have access to educational resources or a dedicated book upon purchasing the indicator.

Final Thoughts

The ON Trade Bystra Pattern Indicator can be a valuable addition to a trader’s toolkit, but it is essential to use it alongside market analysis and strong risk management strategies. As with any trading tool, thorough testing is recommended before using it in live trading.

By leveraging the insights provided by this indicator, traders can make more informed decisions and enhance their overall trading performance. 🚀

You can have this product after contact us by email

abd.shepherd@gmail.com

or by telegram :

https://t.me/forex_manager

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