What is Quasimodo Pattern QM MT4?
Quasimodo Pattern QM MT4 is an indicator that automatically identifies price reversal patterns that appear in advanced price action trading. This is a rare pattern in the market, characterized by three tops and two bottoms, where the highest middle top and the two outer tops are of equal height. Quasimodo usually appears at the end of an uptrend. The outstanding advantage of this pattern is its high winning rate.
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About the Author
This product is compiled by Mihails Babuskins. This author has more than +4 years of experience working on MQL5 with many famous products such as Quasimodo Pattern QM MT4, Greedy Golden MT4, Greedy Red and other products. Among them, Quasimodo Pattern QM MT4 is his best performing product.
Key Features of Quasimodo Pattern QM for MT4
🔹Quasimodo pattern detection: Detects and displays Quasimodo reversal patterns on the price chart.
🔹Trading signals: Provides potential Buy/Sell signals based on the appearance of Quasimodo patterns.
🔹High win rate: Guaranteed high winning rate when using Quasimodo patterns.
🔹Trading strategies: Provides suggestions on entry points, Stop-loss (SL) and Take-profit (TP) based on Quasimodo patterns.
Additional Features
🔹Automatic pattern search: Ability to automatically search and detect Quasimodo patterns in the market.
🔹Signal alerts: Automatic notification feature when detecting new Quasimodo patterns.
🔹VPS integration: Compatible with VPS to run and scan the market continuously, increasing the ability to detect patterns.
🔹Integrated supply and demand zones: Allows combining supply and demand zones to determine more accurate entry points.
Quasimodo Pattern QM MT4 Review
Quasimodo Pattern QM is a reversal trading pattern that appears at the end of an uptrend. As a price structure, the indicator pattern is represented by three peaks and two troughs, in which: The middle peak is the highest, while the two outer peaks are of equal height.
Quasimodo Pattern QM MT4 Settings
1. Inputs Section:
🔹Scan Patterns: QM Pattern - Specifies the pattern type to scan for. Here, it's configured to detect Quasimodo (QM) patterns.
🔹auto_scan: ON - Enables automatic scanning for patterns.
🔹Auto Scan Period: H1 - The time frame for the automatic scan. Currently set to the hourly chart (H1).
🔹max_symbol: 100 - The maximum number of symbols or assets to scan for patterns.
🔹Alerts: ON - Activates alerts when a Quasimodo pattern is detected.
🔹Push Notification: ON - Sends push notifications to a connected device when a pattern is detected.
🔹Send Email: OFF - Email notifications are disabled.
🔹Email Subject Text: QM Pattern Signal Detected - The subject line for email alerts (if email notifications are enabled).
2. Colors Section (Drawings):
🔹Bullish Pattern Lines Color: RoyalBlue - The color for lines drawn to indicate bullish QM patterns.
🔹Bearish Pattern Lines Color: Magenta - The color for lines drawn to indicate bearish QM patterns.
🔹Patterns Lines Width: 3 - The thickness of the lines drawn for the patterns.
🔹Patterns Lines Style: Dash - The style of the lines (dashed lines).
3. Panel UI Settings:
🔹Panel Back Color: DimGray - Background color for the control panel.
🔹Panel Border Color: White - Border color of the panel.
🔹Font Color: White - Color of the text displayed in the panel.
🔹Font Size: 10 - Font size used in the panel.
🔹Selected Time-Frame Color: DodgerBlue - Color to indicate the currently selected time frame.
🔹Scan Button Color: Lime - Color of the "Scan" button.
🔹Scan Button Font Color: Black - Font color on the "Scan" button.
4. Order Guides Settings:
🔹Trade Zone Lines Color: DarkGray - Color for lines indicating trade zones.
🔹Order SL Color: Magenta - Color for stop-loss (SL) level lines.
🔹Order TP Color: DodgerBlue - Color for take-profit (TP) level lines.
Is Quasimodo Pattern QM MT4 Safe?
Quasimodo Pattern QM MT4 in the trading market, the indicator offers excellent features and trading capabilities. The indicator is highly rated by the MQL5 user community for its features and is able to actively support manual traders. Here are the 5-star reviews from users:
➡️ Jason (2023.09.02): "I just bought this and am very happy with it. Very accurate and very useful."
➡️ Pepe (2023.08.03): "Does not paint 100% all patterns. The scanner is pretty good. Can be a bit slow if many pairs are open. Otherwise an ok indicator."
➡️ LeeMyra2 (2023.07.05): "High winrate. More faster scanner. Simple method. Easy money."
➡️ Russell Javier Rennalds (2022.12.20): "First signal tested went into profit, i will continue to monitor this indicators signal for accuracy but i must say it looks pretty promising since it uses SMC. I am waiting for the latest update so i may truly test its full potential. Great product."
➡️ Jron Brown (2022.03.13): "Honestly one of the best indicators I've used for a LONG time. Very accurate in its analysis and the author is very responsive and active with the indicator. I'm very very happy with my purchase and have also downloaded some other indicators from the author and I am very happy with those as well."
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Indicators: Quasimodo Pattern QM MT4 v3.2_fix.ex4
Conclusion
In short, Quasimodo Pattern QM MT4 is a must-have for traders who prioritize Price Action over lagging indicators. By identifying institutional "liquidity traps" and structural breaks, it provides a unique edge in catching trend reversals at the earliest stage. With its integrated Supply & Demand filters and high win rate, it is an elite tool for professional-grade automation.
