Getting Started With the Tweezer Price Action Pattern in Profectus
This quick guide walks you step-by-step through using the Tweezer template in Profectus. This is your launchpad for building, testing, and customizing a no-code trading bot.
Step 0: Access the Trading Bot Template [1 Min]
Click this link to load the breakout strategy directly onto your canvas.
Your canvas displays 17 blocks as shown below. Check? Let's continue!
Step 1: Export the Trading Bot [1 Min]
Before diving into customization, export the trading bot with the upper right 'DOWNLOAD' button.
Step 2: Upload to MetaTrader 5 [4 Min]
Don’t know how? Refer to our help article How to Run Your Profectus Trading Bot in MetaTrader 5 (MT5).
Step 3: Understand the Logic [1 Min]
Just give it a quick watch for a rough understanding how this price action pattern works:
A tweezer is a candlestick reversal pattern that signals a possible turning point in the market.
Tweezer Top: Forms during an uptrend when two candles fail to push beyond the same high. Buyers tried twice but couldn’t break resistance, showing weakness. This often signals a bearish reversal.
Tweezer Bottom: The opposite in a downtrend. Sellers push price lower twice, but both candles stop at the same low. This shows strong support and can signal a bullish reversal.