Young Ho Seo / Profil

Peak Trough Analysis

We have released Peak Trough Analysis tool on 2017 nearly at the same time we were writing on the book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). It was because peak trough analysis helps you a lot of price action and pattern trading.

If know the principle, there is not doubt that this peak trough analysis tool is very powerful for your trading.

Here is the download link for the free Peak Trough Analysis Tool for MetaTrader 4 and MetaTrader 5.

https://www.mql5.com/en/market/product/23797

https://www.mql5.com/en/market/product/22420

https://algotrading-investment.com/portfolio-item/peak-trough-analysis-tool/

If you can understand how peak trough analysis works for your trading. You can use peak trough analysis together with either Advanced Price Pattern Scanner or Price Breakout Pattern Scanner to yield better profits. Both tools are great to be used together with above free peak trough analysis tools. Hence, we share the link for both.

Below are the links to Advanced Price Pattern Scanner.

https://www.mql5.com/en/market/product/24679

https://www.mql5.com/en/market/product/24678

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

Below are the links to Price breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

You can also use our other product together with Peak Trough Analysis. Here is the entire product list.

https://www.mql5.com/en/users/financeengineer/seller#products

https://algotrading-investment.com/

Multiple Timeframe Pattern Scanning for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

Here is simple screenshot showing you how to enable Multiple Timeframe Pattern Scanning in your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Just enable Use Multiple Timeframe Pattern Detection = true in your input setting. That is all.

Also there is small “M” button in your chart in case, you want to refresh multiple timeframe pattern scanning manually. You might need this sometimes when data is not fully loaded in your MetaTrader.

Link to Harmonic Pattern Plus

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

Link to Harmonic Pattern Scenario Planner

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

Turning Point and Trend

When you trade in the financial market, the first thing you need to understand is the turning point and trend. Especially, this is important in the context of your trading strategy. If you read many trading articles and books, you will find the diverse opinion over turning point and trend. Many people view turning point and trend as two separate subjects. However, it might be better to understand turning point and trend as one subject. Let us try to understand the trend. To do so, let us take human as an analogical example. We are born, we grow up, we become mature, and then we die. During this process, we can observe that there are four main stages. These four stages are universal across many creatures and objects observable in the earth.

Stage 1: Birth
Stage 2: Growth
Stage 3: Maturity
Stage 4: Death
To find the location of trend and turning point during these four stages, please check the attached screenshot. For your forex and stock market trading, it is important to understand where your entry will be placed among the four stages. As well as understanding the momentum and mean reversion trading, the turning point and trend are also the important market timing knowledge for your forex and stock market trading.

The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is exactly the book dedicated for this topic. This book will tell you the untold story of the trend and turning point strategies. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

In the trend strategy, your entry will be at the strong trend movement during the growth phase. This might be good if our entry is not too late. However, if we are late, then we will encounter the loss from early enterers starting to materialize their profits. In the turning point strategy, we are trying to pick up the new trend as early as possible in their birth stage. Therefore, it gives you the opportunity to become the early enterer. Hence, the profitable range is longer than typical trend strategy. In addition, you can also quit your position much earlier than other trend strategy players can.

After understanding the trend and turning point, we can improve your forex and stock market trading in many different ways. One way we did it was to combine the turning point probability and trend probability with your traidng. The direct representation of its principle can be found from our Fractal Pattern Scanner. You have the full access to the turning point probability and trend probability from Fractal Pattern Scanner to improve your support and resistance trading. Please have a look at the indicator.

Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

At the same time, you can use Harmonic Pattern to predict the potential turning point. However, Harmonic Pattern Detection could be tedious process if you have to do them manually. You can use the automated tool for your trading. If you are looking for the Harmonic Pattern Scanner, then here are some choice between repainting harmonic pattern scanner and non repainting harmonic pattern scanner. We present one repainting and one non repainting harmonic pattern scanner for your information below.

Below are the Links to Harmonic Pattern Plus

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

Harmonic Pattern Indicator MetaTrader 4

MetaTrader 4 is one of the most popular trading platform since 2010. It is accessible for free of charge for any trader from all over the world. We provide a range of powerful harmonic pattern indicator particularly designed for MetaTrader 4 platform. Below is the list of Harmonic Pattern Detection Indicator:

1. Harmonic Pattern Plus MT4

One of the first automated Harmonic Pattern detection tool released in 2014. It can detect 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, etc. Because of affordable price, this harmonic pattern detection indicator is loved by many traders.

https://www.mql5.com/en/market/product/4488

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. Harmonic Pattern Scenario planner MT4

It is an advanced Harmonic Pattern indicator. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern detection indicator is loved by many traders.

https://www.mql5.com/en/market/product/6240

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

3. X3 Chart Pattern Scanner MT4

This is our next generation Harmonic Pattern and X3 Chart Pattern Scanner. This is non-repainting and non-lagging Harmonic Pattern Indicator. On top of that, this tool can detect Elliott Wave Pattern and X3 Patterns. It can detect over 20 chart patterns. Plus you can also detect around 52 Japanese candlestick patterns. It can scan patterns across all timeframe too.

https://www.mql5.com/en/market/product/41993

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

At the same time, below article can help you further explaining type of Harmonic Pattern Detection Indicators.

https://algotrading-investment.com/2019/08/25/harmonic-pattern-detection-indicator/

Applying Turing Point Prediction in Forex Market

In this article, we provide an explanation on how to apply the turning point prediction in Forex Market. Here we will be using Swing Size and Swing Age variable to identify the turning point probability for each price swing.

Swing Age is the count of candle bars from latest bar to the swing right end.
Swing Size is the count of candle bars from the swing right end to swing left end
As these two variable provides you the relative coordinate of the right end and left end of the price swing, you can locate the turning point value for each price swing. Check the screenshot to clarify your understanding.

In terms of application, the turning point prediction is useful as it quantifies your risk for trading between 0.0 and 1.0 (or 100%). Quantification in your trading is always good because you have something to stick as a guidance for your trading. When you do not have the guidance, you will often find that your emotion will ruin your trading.

There are two basic concepts in regards to the probability and some advanced concepts in regards to Mother Wave and Child Wave. For your own good, everyone should understand the basic concepts if you want to improve your trading performance in long run.

In the first basic concept, if the price reaches the turning point probability above 0.7 (or 70%), in this turning point probability range, you can look for the potential reversal opportunity. In another words, it is the good point to detect the directional change in the market. It could be either correction or global turning point.

In the second basic concept, if the price reaches the turning point probability between 0.0 and 0.5 (or 50%), you can find the good breakout opportunity. In another words, it is the good point to detect the continuation in the price movement. We will omit the advanced concepts here as it was already explained elsewhere.

If you do not have an access to the Turning Point Prediction, then it is fine as we provide the Turning Point Prediction for Forex Market for free. Anyone can access the standard turning point prediction for your day trading for free of charge from the link below.

https://algotrading-investment.com/2020/10/23/price-prediction-for-day-trading/

At the same time, if you want to have the scanner for the MetaTrader 4 or MetaTrader 5, here is the links to Fractal Pattern Scanner. In Fractal Pattern Scanner, you can access the turning point probability scanner + mother wave breakout signals, reversal signals, and many more advanced features.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Mean Reversion and Momentum Trading Strategy

If you are the newbie in the day trading business, you must understand the difference between Mean Reversion and Momentum Trading in the Forex and Stock Market. Mean reversion and momentum trading are the two dominating trading strategies used in the Forex and Stock Market. Most of trading strategy we can think of will fall under a category of mean reversion or momentum trading. These two trading strategies show completely different market timing. For example, momentum trading tries to take the entry when the price shows a strong directional movement. Momentum trading is often considered as the trend following strategy. On the other hand, mean reversion trading tries to take the entry when the price is far from the mean. Mean Reversion trading is often the core trading principle behind “Buy Low and Sell High” strategy like value investing. In momentum trading, the trader tries to pick trend whereas in the mean reversion trading, trader tries to pick the turning point. We have briefly covered some basics of Mean Reversion and Momentum Trading strategy. You need to dig deep on this topic if you really want to survive in the day trading business. The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is exactly the book dedicated for this topic. This book will tell you the untold story of the mean reversion and momentum trading strategies. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

Among the trading community, the preference between the mean reversion trading and momentum trading are completely different. Some trader uses the mean reversion trading better and some trader uses the momentum trading better. To find out which trading style you are good at with, you need to try both trading strategies. In fact, mean reversion and momentum trading can explain the water and fire elements of the human characteristics. Mean reversion trading explains the human characteristics of being “Cautious” or being “Realistic” like water. Momentum trading explains the human characteristics of “Impulsive behaviour” or “Heard Behaviour” like fire. However, the wise trader will not view these two trading strategy as two different subjects because one comes after the other.

After you have understood the difference between momentum trading and mean reversion trading, next you will need to understand the tools to perform the strategies. There could be many tools from value investing, pairs trading, fundamental analysis, support, resistance, trend line, triangle pattern, rising wedge, falling wedge, channels, Fibonacci ratio analysis, Harmonic pattern, Elliott wave theory, and X3 Chart pattern. We provides the automated pattern scanner to ease your trading. You can have a look at these two patterns scanner to accomplish either your momentum trading or mean reversion trading strategies.

1. Harmonic Pattern Plus

Harmonic pattern plus is extremely good product for the price although this is repainting harmonic pattern indicator. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing.

Below are the Links to Harmonic Pattern Plus

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. Price Breakout Pattern Scanner

Price Breakout Pattern Scanner is the powerful pattern scanner designed to solve the puzzle of the market geometry beyond the technical indicators. With built in Japanese candlestick patterns + Smart Renko features together, Price Breakout pattern scanner can help you to define the accurate market entry for your breakout trading. Here is some screenshots from Price Breakout Pattern Scanner.

Below are the links to Price breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

Most advanced Elliott Wave Software for your Trading

Elliott Wave Trend is the most advanced Elliott Wave Trading software, which helps you to trade with various Elliott Wave patterns like Wave .12345 pattern and Wave .ABC and Wave .ABCDE, etc. Elliott Wave Trend was built on the concept of Precision Trading with Elliott Wave Structure Score. Our Elliott Wave Trend is professional tool for professional trader. Yet, the price of it is affordable.

With Elliott Wave Trend, you can also share your analysis with your Friend and clients through Elliott Wave Reader.

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version.

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

Link to Elliott Wave Trend.

https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

https://www.mql5.com/en/market/product/16472

https://www.mql5.com/en/market/product/16479

New Article – Trading Setup with Pattern Completion Interval for Harmonic Pattern Trading

Here is another article explaining some useful concept for your harmonic pattern trading. Of course, this is free article to improve your harmonic pattern trading.

https://algotrading-investment.com/2020/06/01/trading-setup-with-pattern-completion-interval/

In addition, you can also have an access to important free articles for your trading here.

https://algotrading-investment.com/2019/07/23/trading-education/

Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. You can get them for the affordable price. Below is links for them.

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. Below is links for them.

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Trend Probability in Forex and Stock market trading

In this article, we will introduce the trend probability for your Forex and Stock market trading. When the turning point probability is high, we can expect the turning point to arrive within the fractal cycle. Like the margin of safety described by Benjamin Graham, it is safe to use the turning point probability in conservative manner. We should only look for the turning point within the higher probability area. The margin of safety will tell that higher turning point probability is safer to predict the turning point. On the other hand, we can look for the breakout opportunity or we can expect the price to move in the same direction within the lower turning point probability area. We can consider the trend probability providing the opposite concept of the turning point probability. In a simple math, we can derive the trend probability by subtracting the turning point probability from one like “1.0 – the turning point probability”. Or if you prefer the percent, we can derive the trend probability by subtracting the turning point probability (%) from one hundred percent like “100% – turning point probability (%)”. Since the turning point probability is drawn from the peak trough transformation directly, the conversion of the trend probability from the turning point probability should be taken as the rule of thumb guideline for your trading. As in the turning point probability, the margin of safety will tell that higher trend probability is safer to predict the breakout or price continuation. This information was taken from the book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading). This book will provide the scientific rational for chart patterns, connection with economics, chart pattern detection examples, how to use them and how to improve them in Forex and Stock market.

The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

To present the turning point probability in Forex and Stock Market, we have devised the simple turning point probability graph. When we predict the peak, in the probability graph, Y axis (=the left axis) indicates the turning point probability in price dimension and X axis (= the bottom axis) indicates the turning point probability in time dimension. The probability ranges from 0.0 (=0%) to 1.0 (=100%). Typically, there is no practical application making use of 100% probability in the world. Since our calculation is based on the price data only (i.e. empirical probability), we recommend using 90% probability or less for the maximum probability. For example, even if the price stays above the 90% probability, it is better to treat them as 90% or less depending on how conservative your trading style is.

You have the full access to the turning point probability and trend probability from Fractal Pattern Scanner to improve your Forex and Stock Market Trading. As it was suggested from the book, the display probability in the Fibonacci Probability Graph is the turning point probability. You will use the turning point probability to gauge the trend probability as it was guided from the book. Please have a look at the indicator. Of course, you have this tool built in our Optimum Chart too.

Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Mean Reversion Supply Demand – How to Remove Take Profit and Stop Loss Levels

One of the greatest advantage of Mean Reversion Supply Demand is that it provide a flexible Profit and stop target for your trading. After you have learnt how to use this profit targets, now you want to learn how to remove them. Of course, there is a way to remove them. The trick is simply moving the stop text above the Entry text (for the case of buy). You will do the opposite for the case of sell. In the screenshot, the bottom image describe how to remove the targets from your chart.

There is another approach to remove take profit and stop loss targets. We provide the shortcut in keyboard for doing the same task. Simply hit “z” button in your keyboard. This will also remove the stop loss and take profit targets if you do not need them any longer.

https://www.mql5.com/en/market/product/16823

https://www.mql5.com/en/market/product/16851

https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

Combining Price Breakout Pattern with Support and Resistance

Price Breakout Patterns are in fact the extension of support and resistance trading. When you grab the idea of support and resistance with Price Breakout Patterns, you can really advance your trading a lot. With Price Breakout Pattern Scanner, this is easy task because it provide the built in support and resistance mode.

In the support and resistance mode, your price breakout patterns will be turned into support and resistance. In doing so, you need to set support and resistance mode in your input setting. We will show this in our screenshot.

Once this setup is in place, Price Breakout Pattern will become support and resistance for your trading. With conventional support and resistance together, this could indicate highly probable trading entry.

Below is the YouTube Video link for Price Breakout Pattern Scanner:

YouTube Video Link: https://www.youtube.com/watch?v=aKeSmi_Di2s

Below are the links to Price breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/