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56# How to trade with Bheurekso Pattern

Price Action Trend Trading

Bheurekso Pattern

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.

How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern

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.

How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern

Telegram channel: https://t.me/freeforexresources

How to trade with Bheurekso Pattern
How to trade with Bheurekso Pattern.rar
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