In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some feel can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
This is a collection of 4 very popular candlestick pattern detection indicators for price action trading using cTrader, each one of these indicators will inform you via a popup message, email, telegram bot and an SMS text message when each of the candle patterns forms.
The Doji candlestick is one of the most common candlestick reversal patterns you will find in the market and used together with our candlestick detection software it provides a powerful trading tool. The trader is alerted via a pop-up window, email, telegram bot or SMS text message.
This bullish & bearish engulfing candlestick pattern detection software provides a powerful trading tool for identifying trend reversals. The trader is alerted via a pop-up window, email, telegram bot or SMS text message when an engulfing candle has formed.
The Hammer candlestick pattern detecting software will automatically identify a bullish price reversal trade setup using price action and will inform the trader via a pop-up window, email, telegram bot or SMS text message. This pattern is one of the most popular technical indicators used in Forex trading. This is for bullish signals only
This special Pin Bar detector indicator is part of our complete cTrader candlestick pattern collection to help traders identify trade opportunities, Pin bars are among the top choices for technical traders that follow price action signals with varying trading strategies for entry and exit.
This tool has been developed to help customers who use the cTrader trading platform test their Email, Telegram bot and SMS settings to make sure they are working correctly for trade alerts sent by the platform or a custom indicator, automated trading system or Add-On application.
We offer to configure your Telegram, Email or SMS accounts to generate the correct credentials to receive instant message alerts in your automated trading systems or custom indicators. We currently provide full documentation and video tutorials to help customers configure their accounts, but this service is for those who either do not have the time or find it too complex.
Another very useful cTrader indicator by Starfield Trading that can be used with both technical analysis and active trading, it contains 13 of the most popular and sort after candlestick patterns, Doji, Hammer, Engulfing, Piercing, Morning Star, Dark Cloud, Shooting Star, Harami, Evening Star, Hanging Man and a Bollinger Band Pattern. Also, included are Telegram & Email Alerts.
Risk Disclosure: Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.