Submit by Janus Trader

How to trade with Bheurekso Pattern is an example of a trading system based on this indicator that finds pattern on the chart. This is an indicator that sometimes recalculates but in the last year it has had a lot of diffusion because in case even if it recalculates it has a high degree of precision. This same indicator is also found in mql5 very easily. The interpretation I propose is in trend, so the pattern filters into trend even if you can also use the support and resistance levels. The trend filter consists of an indicator based on moving averages, the trendline and the MTF stochastic oscillator configured 1 higher time frame.

Setup Strategy

Time frame 15 min or higher. Best time frame H4, H6, H8, H12 daily and weekly. The indicator has been shown to perform better at high time frames

Currency pairs:any.

Metatrader 4 indicators:

Candle time

Support an resistance indicator

Bheurekso Pattern

Moving average

Trend line

Stochastic Oscillator MTF (10,3,3)

Pallada Assistant

Currency Strength

Trading rules How to trade with Bheurekso Pattern

Trades only in the direction of the trend.

Buy

Bheurekso Pattern buy signal.

Price above MA green color.

Stochastic oscillator MTF a time frame more higher crosses upward.

Pallada Assistant must agree.

Tren line below the  candles (optional).

Price above level of support  (optional).

Sell

Bheurekso Pattern sell signal.

Price below MA red color.

Stochastic oscillator MTF a time frame more higher crosses upward.

Pallada Assistant must agree.

Tren line above the  candles (optional).

Price below level of resistance  (optional).

If there is a buy or sell pattern signal but the average has not yet crossed, or the average is expected to change direction, or if the stochastic has already crossed, you can enter a position.

Exit position

Place initial stop loss below/above the previous swing high/low..

Profit target ratio stop loss minimum 1:1 before level of support or resistance.

Example of trades.

Another way to trade Bheurekso Pattern is with dynamic supports and resistances drawn from the polynomial curve using the outer areas of the curve.
Type of trend reversal pattern trading strategy.
Time frame 4H, daily and weekly.
Currency pairs: any.

Metatrader4 Indicators:
Bheurekso Pattern

Polynomial Regression

Brillant Reversal

Symbol Changer

Trading rules
Buy
The price action draws on the extreme lower side of the curve the red area and buy circle and arrow.
This tells us that they are only considered purchase patterns.
Sell
The price action draws red area, circle and buy arrow on the extreme upper side of the curve.
This tells us that they are only considered sales patterns.

Position exit like the previous one.

Examples of trades.

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