Introduction
Welcome to another critical analysis from the EASY Trading Team. This time, we're diving into the X3 Chart Pattern Scanner MT4. With mixed user reviews and a rating of 4, there's plenty to dissect here. Let's keep the sugarcoating to a minimum and get to the point.
Description of Features
The X3 Chart Pattern Scanner MT4 claims to be a powerful tool for detecting chart patterns across multiple timeframes, helping traders pinpoint potential entry and exit points. Here are the key features:
- Pattern Detection: Identifies various chart patterns such as Head and Shoulders, Double Tops/Bottoms, and more.
- Multi-Timeframe Analysis: Scans different timeframes simultaneously.
- Customization Options: Adjustable settings to tailor pattern sensitivity and alerts.
- Alerts: Provides notification alerts via email, SMS, or platform reminders.
- Backtesting: Allows users to backtest the efficiency of identified patterns.
Performance Analysis
Over the past year, X3 Chart Pattern Scanner has shown a mixed bag of results:
- Accuracy: According to user feedback, accuracy is hit-or-miss. While some users claim it’s helpful, others report false signals and issues with pattern detection.
- Versatility: The multi-timeframe feature is useful but seems to work best on higher timeframes, as per user 'eliteluis'.
- User Experience: User 'ferrari888' complains about weak indicators and poor developer support. On the other hand, 'elite luis' praises the support and quality.
Pros and Cons
Pros:
- Comprehensive pattern detection with customization options.
- Multi-timeframe scanning.
- Alerts and notifications.
- Backtesting capability.
Cons:
- Mixed user reviews, particularly concerning false signals.
- Difficulty in contacting the developer.
- Some users report no signals at all.
- Works better on higher timeframes; not very reliable on lower timeframes.
Source Code of X3 Chart Pattern Scanner MT4
We don't have access to the original source code for the X3 Chart Pattern Scanner MT4. However, we can create a similar trading robot based on the publicly available description on MQL5. For those interested in custom development, you can contact us for a tailored solution.
Code:
You don't have permission to view the code content. Log in or register now.Download X3 Chart Pattern Scanner MT4
For anyone looking to download X3 Chart Pattern Scanner MT4, please visit the official MQL5 page. If you have questions about the code, feel free to join our discussion forums at easytradingforum.com. Note that we, the EASY Trading Team, do not sell the X3 Chart Pattern Scanner MT4. We can, however, develop a similar tool based on its described functionality.
Find more detailed statistics and user reviews on the official website: X3 Chart Pattern Scanner MT4 Official Page. Let's keep the conversation going and share your results on our forum.