• Information
12+ Jahre
Erfahrung
62
Produkte
1209
Demoversionen
4
Jobs
0
Signale
0
Abonnenten
Harmonic Pattern Indicator - Repainting + Japanese Candlestick Pattern Scanner + Automatic Channel + Many more

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/



Non Repainting and Non Lagging Harmonic Pattern Indicator – Customizable Harmonic + Japanese Candlestic Pattern Scanner + Advanced Channel + Many more

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/



Supply Demand Indicator – Multiple Timeframe Scanning Added + Non Repainting + Professional Indicator

https://www.mql5.com/en/market/product/40076

https://www.mql5.com/en/market/product/40075

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/



Momentum Indicator – Path to Volume Spread Analysis

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/



Elliott Wave Indicator for the Power User

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

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

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



Forex Prediction - Turn Support and Resistance to the Advanced Strategy

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/



MetaTrader 4 and MetaTrader 5 Product Page: https://www.mql5.com/en/users/financeengineer/seller#products


Free Forex Prediction with Fibonacci Analysis: https://algotrading-investment.com/2020/10/23/forex-prediction-with-fibonacci-analysis/

Free Harmonic Pattern Signal: https://algotrading-investment.com/2020/12/17/harmonic-pattern-signal-for-forex-market/

============================================================================================================================

Here are the trading education books. We recommend reading these books if you are a trader or investor in Forex and Stock market. In the list below, we put the easy to read book on top. Try to read the easy to read book first and try to read the harder book later to improve your trading and investment.


First Link = amazon.com, Second Link = Google Play Books, Third Link = algotrading-investment.com, Fourth Link = Google Books


Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)

https://www.amazon.com/dp/B09L55ZK4Z

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

https://algotrading-investment.com/portfolio-item/technical-analysis-in-forex-and-stock-market/

https://books.google.co.kr/books/about?id=pHlMEAAAQBAJ


Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)

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

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

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

https://books.google.co.kr/books/about?id=MME3EAAAQBAJ


Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)

https://www.amazon.com/dp/B0B2KZH87K

https://play.google.com/store/books/details?id=7KrQDwAAQBAJ

https://algotrading-investment.com/portfolio-item/profitable-chart-patterns-in-forex-and-stock-market/

https://books.google.com/books/about?id=7KrQDwAAQBAJ


Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)

https://www.amazon.com/dp/B01MRI5LY6

https://play.google.com/store/books/details?id=8SbMDwAAQBAJ

http://algotrading-investment.com/portfolio-item/guide-precision-harmonic-pattern-trading/

https://books.google.com/books/about?id=8SbMDwAAQBAJ


Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)

https://www.amazon.com/dp/B073T3ZMBR

https://play.google.com/store/books/details?id=5prUDwAAQBAJ

https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/

https://books.google.com/books/about?id=5prUDwAAQBAJ


Predicting Forex and Stock Market with Fractal Pattern: Science of Price and Time

https://www.amazon.com/dp/B086YKM8BW

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

https://algotrading-investment.com/portfolio-item/predicting-forex-and-stock-market-with-fractal-pattern/

https://books.google.com/books/about?id=VJjiDwAAQBAJ


Trading Education Book 1 in Korean (Apple, Google Play Book, Google Book, Scribd, Kobo)


https://books.apple.com/us/book/id1565534211

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

https://books.google.co.kr/books/about?id=HTgqEAAAQBAJ

https://www.scribd.com/book/505583892

https://www.kobo.com/ww/en/ebook/8J-Eg58EDzKwlpUmADdp2g


Trading Education Book 2 in Korean (Apple, Google Play Book, Google Book, Scribd, Kobo)

https://books.apple.com/us/book/id1597112108

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

https://books.google.co.kr/books/about?id=shRQEAAAQBAJ

https://www.scribd.com/book/542068528

https://www.kobo.com/ww/en/ebook/X8SmJdYCtDasOfQ1LQpCtg


About Young Ho Seo

Young Ho Seo is an Engineer, Financial Trader, and Quantitative Developer, working on Trading Science and Investment Engineering since 2011. He is the creator of many technical indicators, price patterns and trading strategies used in the financial market. He is also teaching the trading practice on how to use the Supply Demand Analysis, Support, Resistance, Trend line, Fibonacci Analysis, Harmonic Pattern, Elliott Wave Theory, Chart Patterns, and Probability for Forex and Stock Market. His works include developing scientific trading principle and mathematical algorithm in the work of Benjamin Graham, Everette S. Gardner, Benoit Mandelbrot, Ralph Nelson Elliott, Harold M. Gartley, Richard Shabacker, William Delbert Gann, Richard Wyckoff and Richard Dennis. You can find his dedicated works on www.algotrading-investment.com . His life mission is to connect financial traders and scientific community for better understanding of this world and crowd behaviour in the financial market. He wrote many books and articles, which are helpful for understanding the technology and application behind technical analysis, statistics, time series forecasting, fractal science, econometrics, and artificial intelligence in the financial market.


If you are interested in our software and training, just visit our main website: www.algotrading-investment.com
Young Ho Seo
Young Ho Seo
New Article –Rolling Ball Effect and Harmonic Pattern Trading

Rolling ball effect is something you must understand for your reversal trading. Especially, if you are interested in harmonic pattern trading or elliott wave trading or rising wedge or falling wedge patterns, then this is a must understand concept before using them in practice. You can save tons of money in trading by reading this simple article.

Read entire free article from below link:

https://algotrading-investment.com/2020/06/01/rolling-ball-effect-and-harmonic-pattern-trading/

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/

You can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

In addition, here is the landing page for two harmonic pattern scanner available in MetaTrader 4 and MetaTrader 5 platform in regards to above YouTube video. First one is harmonic pattern plus and the second one is the X3 Chart Pattern Scanner.

Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the powerful harmonic pattern indicator at affordable cost with tons of advanced features. Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. Below is links for 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/

X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and X3 Price Pattern Scanner. In addition, X3 Chart Pattern Scanner is built in with 52 Japanese Candlestick patterns + advanced Channel. Below is links for X3 Chart Pattern Scanner.

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/
Young Ho Seo
Young Ho Seo
Most advanced Elliott Wave Software for MetaTrader 5

MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed MetaTrader 4. MetaTrader 5 is far exceeding trading platform of its predecessor, MetaTrader 4. MetaTrader 5 is accessible for free of charge for any trader from all over the world. More and more brokers are now offering MetaTrader 5 trading options even including US based firms.

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.

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/

At the same time, you can watch YouTube video titled as “Elliott Wave Trend Intro to find out more about Elliott Wave Trend Indicator.

YouTube Link: https://youtu.be/Oftml-JKyKM

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
Young Ho Seo
Young Ho Seo
Advanced Price Pattern Scanner Versus Price Breakout Pattern Scanner

Many of you can be curious how our Advanced Price Pattern Scanner and Price Breakout Pattern Scanner are different from each other. Simply speaking, Advanced Price Pattern Scanner is the non repainting price pattern scanner whereas Price Breakout Pattern Scanner is based on repainting pattern detection. You will feel that Advanced Price pattern Scanner is using completely new pattern detection algorithm from Price Breakout Pattern Scanner. Even same patterns are detected in different timing between them due the the different pattern detection algorithm.

However, Advanced Price Pattern Scanner is more expensive. Hence, if you are concerned with the price. Then you can still go ahead with Price Breakout Pattern Scanner. Price Breakout Pattern Scanner will do generally everything for your need from price pattern detection + Japanese candle stick pattern detection and so on. If you need the non repainting price pattern scanner, we certainly recommend to use Advanced Price Pattern Scanner. In addition, Advanced Price Pattern Scanner also provides the multiple timeframe pattern detection helping you to reduce number of charts to open.

Here are the links for Advanced price Pattern Scanner.

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

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

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

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/
Young Ho Seo
Young Ho Seo
Harmonic Pattern

Harmonic patterns are another fractal wave patterns that frequently used by many financial traders. Harmonic patterns are typically made up from two or three triangles (i.e. three price swings or four price swings). The structures of the harmonic pattern are based on the Fibonacci ratios. Hence, some people consider Harmonic pattern as an advanced Fibonacci price patterns.

The history of the harmonic pattern goes back to the Gartley’s book “Profits in the Stock Market” in 1935. At that time, Gartley described the trend reversal pattern on page 222 of his book. The pattern become popular in the late 1990s (Pesavento and Shapiro, 1997). Since then, many traders developed the common interest in looking for the repeating patterns in the financial markets. The harmonic patterns were refined many times in several decades. Harmonic trader emphasizes that the patterns are not only repeating in history but they also follow natural orders. Although few different references exist about the meaning of the natural orders, the natural orders mostly means the periods of the neighbouring waves in the Fibonacci relationship (Pesavento and Shapiro, 1997). Fibonacci ratio derived from Fibonacci numbers are the core relationship used in harmonic pattern identification.

For your trading in Forex and Stock market, we provide the detailed performance for each Harmonic Pattern. You can download PDF file for each pattern from the link below. Or you can visit the YouTube video to check each pattern from the link below. Each PDF or YouTube video will provide you a proof for the Harmonic Pattern. At the same time, you can use this proof to improve the given structure of the Harmonic Pattern.

Gartley Pattern: https://algotrading-investment.com/2022/05/18/gartley-pattern-harmonic-pattern/

Butterfly Pattern: https://algotrading-investment.com/2022/06/20/butterfly-pattern-harmonic-pattern/

Bat Pattern: https://algotrading-investment.com/2022/06/21/bat-pattern-harmonic-pattern/

We also provide the great trading education about Harmonic Pattern. You can have a look at following books to learn how to best use Harmonic Pattern for your trading in Forex and Stock market. From these books, you will also find the X3 Chart Pattern framework that helps you to study, prove and improve Harmonic Pattern to maximize your trading performance.

Guide to Precision Harmonic Pattern Trading

Link: https://algotrading-investment.com/portfolio-item/guide-precision-harmonic-pattern-trading/

Science Of Support, Resistance, Fibonacci Analysis and Harmonic Pattern

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

Profitable Chart Patterns in Forex and Stock Market

Link: https://algotrading-investment.com/portfolio-item/profitable-chart-patterns-in-forex-and-stock-market/
Young Ho Seo
Young Ho Seo
Price Patterns to Identify the Potential Turning Point and Trend

To understand the technical turning point, it is important to check its connection with economics. For example, in Stock market trading, the underlying value of a company can explain the occurrence of the major turning point in the market. Likewise, in the foreign exchange market, the strength and weakness of a currency is often influenced by the fundamental value of a country. The fundamental and economic data release can cause to change the direction of the current price movement. As a result, they often become the major driving force behind the bullish and bearish turning point. Hence, to understand why an important turning point occurs in the financial market, we recommend you to look at following three cases.

Turning point in the Stock market with “Value investing”
Turning point in the Forex market with “Fundamental analysis”
Pairs Trading with turning point
When you understand the driving force of the turning point in connection with economics, it helps you to follow the flow of the smart money from the investment banks and hedge funds. Besides, the price pattern can also help you to predict the turning point technically. When you apply the price pattern together with the knowledge of the fundamental driving force of the turning point, you can increase your performance marginally. Therefore, it is important to understand the price patterns used by the trading community last 100 years. We list the important price patterns for your technical analysis below.

Horizontal support and resistance
Diagonal support and resistance (i.e. trend lines)
Triangles and wedge patterns
Fibonacci analysis
Harmonic pattern
Elliott wave theory
X3 Chart Pattern
To apply these price patterns better in practice, we must understand the origin of these price patterns with the scientific view. Fractal and fractal wave can explain the scientific rational behind these price patterns. Hence, we will look at how these price patterns are connected with “Fractal” and “Fractal Wave”. The scientific knowledge around these price patterns will help you to understand the flow of the financial market as said by Mark Twain “History Doesn’t Repeat, But It Often Rhymes”. In addition, you will find out that “Fractal” and “Fractal Wave” is the powerful tool to overcome the limitation of the modern trend and cycle analysis. The price patterns are in fact the practical application of “Fractal” and “Fractal Wave” in the financial market. Furthermore, we will provide the universal pattern framework to help you understand these price patterns with one unified knowledge. Therefore, we will make use of the X3 Pattern Framework while educating these price patterns.



About this Article

This article is the part taken from the draft version of the Book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern. Full version of the book can be found from the link below:

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

With Fractal Pattern Scanner, you can quantify your trading opportunity with the support and resistance whether they are diagonal or horizontal. 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/

Below is the landing page for Optimum Chart, which is the standalone tool to scan the trading opportunities for all symbols and all timeframe in one button click.

https://algotrading-investment.com/2019/07/23/optimum-chart/
Young Ho Seo
Young Ho Seo
Pattern Completion Zone versus Potential Reversal Zone

In previous chapter, we have described the Pattern Completion Zone (a.k.a Pattern Completion Interval) in details. Now many harmonic pattern trader can be curious how the Pattern Completion Zone (PCZ) is different from the Potential Reversal Zone (PRZ). In first place, as the PCZ and PRZ are derived from different process, they are different tool to trader. Having said that, the deriving process for PCZ and PRZ might be too complicated causing some traders to confuse the concept of each other. For this reason, we will clarify the difference by directly comparing PCZ and PRZ look. Let us look at the Potential Reversal Zone. So what is Potential Reversal Zone? Simply speaking potential Reversal zone is the area where three or four Fibonacci levels are converging together. Potential Reversal Zone can be used to detect the final Point D of the Harmonic Pattern by projecting several Fibonacci retracements respectively from the point X, A, B and C. The area of the Potential Reversal Zone can be defined by the top and the bottom projected levels in the all projected levels as shown in Figure 5-1.

The main difference between PCZ and PRZ is that Pattern Completion Zone forms the strict Symmetrical Trading Zone around the ideal Point D (Figure 5-3 and Figure 5-4). The Potential Reversal Zone (PRZ) does not form the symmetrical zone. However, the PRZ area formation is dependent on the location of each Fibonacci level projections as shown in Figure 5-1 and Figure 5-2. Sometime PRZ area can form the symmetrical trading zone but it is only by chance. Most of time, Potential Reversal Zone will not form the symmetrical trading zone. On the other hands, Pattern Completion Zone will strictly form symmetrical trading zone for every harmonic pattern. Due to this symmetrical property of the Pattern Completion Zone (= Pattern Completion Interval), trader can use many different trading strategies around the symmetrical trading zone beyond the classic harmonic pattern trading setup. With Pattern completion Zone, you can expand your classic trend reversal entry to hedging and breakout trading by setting identical but opposite trading. For example, for bullish Harmonic Pattern formation, you are able to setup the buy and sell hedging positions or straddle breakout setup around the Pattern Completion Zone. This is possible because the Pattern Completion Zone provides the median open price, which can be mirrored around the Ideal Point D.

In addition, Pattern Completion Zone provides you the direct numerical description corresponding to the size of the Harmonic Pattern. Therefore, the size of symmetrical trading zone around the Pattern Completion Zone is a sensible measurement for your stop loss and take profit for each Harmonic Pattern. Especially, once you have mastered the Pattern Completion Zone for your trading, you can gauge your Reward/Risk Ratio with real time market data without the need of any other additional tools. You can expand this with limit and stop order for better managing your order and risk. Overall, Pattern Completion Zone can provide you precise and fast decision-making process for your Harmonic Pattern Trading. In next chapter, we will continue to show you how the symmetrical trading zone works to manage your order and risk in details.

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

You can read Guide to Precision Harmonic Pattern Trading to understand more about the Harmonic Pattern Strategy.

https://algotrading-investment.com/portfolio-item/guide-precision-harmonic-pattern-trading/
Young Ho Seo
Young Ho Seo
Fractal Pattern Scanner – Trading Operation

In this short article, we will explain the trading operation with turning point probability for Fractal Pattern Scanner in MetaTrader and in Optimum Chart. Fractal Pattern Scanner is the powerful tool to predict the Forex and Stock market. It is the highly predictive tool that quantifies the price action at every wave in your chart. Fractal Pattern Scanner provides three main features. The three features include:

1. Turning Point Probability Measurement (Essential feature that you can use everyday)

2. Breakout and Reversal Trading Signal Detection with Mother Wave detection

3. Automatic Gann Angles (Bonus feature and optional use only)

The turning point probability measurement is the essential to your daily trading. The turning point probability basically quantifies the price action in your chart. Quantifying the price action will provide you the another level of trading experience. Capability to access the turning point probability in one button click is really handy feature for every day trader on the earth. In addition, Fractal Pattern Scanner provides the probability scanning capability across all timeframe. You can also switch on and off the multiple timeframe pattern detection. When you set Detect Mother Wave = false, you can run the Fractal Pattern Scanner as the pure probability machine.

The turning point probability is a powerful tool that you can use it as both reversal trading or breakout trading within your technical analysis. You can watch this YouTube video titled as “Breakout Trading vs Reversal Trading (Turn Support & Resistance to Killer Strategy)” in this link below to get some hands on practice with breakout and reversal trading opportunity with Support and Resistance Technical Analysis.

YouTube Video Link: https://youtu.be/UbORmOacKIQ

Mother wave pattern detection can be considered as the statistical representation of the Elliott Wave Theory. For example, Mother wave pattern detect the pattern inside pattern structure, where small patterns are jagged inside big pattern, like the Elliott Wave pattern. We can use this pattern inside pattern to trade both reversal and breakout trading. Fractal Pattern Scanner does the excellent job in detecting these signals automatically. When you set Detect Mother Wave = true, then Fractal Pattern Scanner will detect trading signal using Mother wave pattern detection. Even in that, you can also perform both breakout and reversal trading automatically.

If you want to use Breakout Trading Mode, then set Detect Breakout Opportunity = true.
If you want to use Reversal Trading Mode, then set Detect Breakout Opportunity = false.
You can also watch the YouTube Video titled as “Breakout Trading Signal Explained” to understand the breakout trading with mother wave detection.

YouTube video link: https://youtu.be/4XGuMIMaV6w

====================================================================================

Mother Wave Pattern Explained further

The idea behind the Breakout trading with Mother wave is to detect mother wave relatively young and fresh. Those young and fresh mother wave will be typically found in the low turning point probability area. Then what does “First Child Price Probability” input do ? It is the criteria for how small first child wave could be when the mother wave pattern is detected. If this is even hard to understand, then you can think it is the size of mother wave.

If you set the First Child Price Probability = 30%, then Fractal Pattern Scanner will detect first child wave with its size less than 30% amplitude. Likewise, if you set the First Child Price Probability = 50%, then Fractal Pattern Scanner will detect first child wave with its size less than 50%. For your information, the detected mother wave patterns does not provide any sort of geometric regularity detection in the case of breakout trading. We have taught you several geometric regularity detection like support, resistance and triangle and wedge patterns. You will need similar sort of operation here.

In the reversal trading mode with Mother Wave, the size of first child wave is no longer required to be controlled. However, we can control the size of Mother wave. The idea behind the reversal trading mode is to detect mature mother wave pattern that are likely to make reversal movement. Hence, it is better to find these mother wave patterns in high probability area in the probability graph.

For this reason, we have set the mother wave price probability = 80%. You can set even higher number if you wish. When you are using reversal trading mode, we provide automatic Fibonacci expansion to help you to decide the final turning point. This is sort of geometric regularity you can use. But you can use any other geometric regularity we have taught you in our articles and books too like Harmonic Pattern or Elliott Wave patterns, etc if you are good with them.

Here is some important tips. From our experience, some Forex symbols are better with breakout trading mode. Some Forex symbols are better with reversal trading mode. To find out the best trading approach, just set Bars to Scan = 6000 or higher. Just find how each trading mode is profitable in the chart.

You can also use strategy tester for this purpose too. When you are using the strategy tester, then set Calculating with Trailing Data = true. This will tell the Fractal Pattern Scanner to calculate the probability with trailing data (i.e. technical analysis approach) rather than the statistical approach. When you are using technical analysis approach, the probability will be calculated like other technical indicators like Moving average indicator or RSI indicator using trailing data. In statistical approach, the entire data will be used to calculate probability.

Statistical approach and technical analysis approach does not matter for the latest pattern to trade. It is only matter for historical patterns for your information. I personally prefer to calculate the probability using Statistical approach because it provides the identical probability across all price series.

I guess it is too much mathematical talk. I will cut it out. If you do not want to think, then just remember these two cases.

A. If you want to see the historical patterns in your chart, then set “Calculating with Trailing Data” = false.

B. When you are using the strategy tester, then set “Calculating with Trailing Data” = true.

Landing Page to Fractal Pattern Scanner

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/

Landing Page to Optimum Chart

https://algotrading-investment.com/2019/07/23/optimum-chart/
Young Ho Seo
Young Ho Seo
Intro Video for Advanced Price Pattern Scanner

Advanced Price Pattern Scanner is the non repainting pattern scanner designed for both MetaTrader 4 and MetaTrader 5. It can detects many important price patterns for your trading like rising wedge, falling wedge, head and shoulder patterns, Cup and Handle, etc. Here is an intro video for Advanced Price Pattern Scanner from YouTube. Please check the YouTube Video titled as “Intro Video to Advanced Price Pattern Scanner”. This video covers some basic operation with Advanced Price Pattern Scanner in MetaTrader.

Advanced Price Pattern Scanner YouTube Video: https://www.youtube.com/watch?v=A1-IUr6u5Tg

In addition, you can watch the following YouTube Video to understand why price pattern is so important for your technical analysis.

Fractal to Advanced Technical Analysis YouTube Video: https://www.youtube.com/watch?v=RiTsWthvxfA

Below is the direct link to Advanced Price Pattern Scanner. As usual, we provide it for both MetaTrader 4 and MetaTrader 5 platforms.

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

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

https://www.mql5.com/en/market/product/24678
Young Ho Seo
Young Ho Seo
YouTube Video for X3 Chart Pattern Scanner

Video can explain a lot of details about how things works. You can use this video for first guide on using X3 Chart Pattern Scanner.

This video was originally created for the previous Optimal Turning Point Pattern Scanner. However, X3 Chart Pattern Scanner uses almost same user interface (with a lot of powerful additional features). Hence, you can use this video for X3 Chart Pattern Scanner too. For your information, since X3 Chart Pattern Scanner comes with a lot of new additional features, the video does not cover for those features. For example, X3 Chart pattern scanner can provide

Harmonic Patterns
X3 Chart Patterns
52 Japanese candlestick patterns
Automatic double standard deviation channel
and many more powerful features
Non Repainting Non Lagging Harmonic Pattern Scanner: https://www.youtube.com/watch?v=uMlmMquefGQ

Chart Pattern Scanner: https://youtu.be/2HMWZfchaEM

Also here is the product page for the X3 Chart Pattern Scanner. Enjoy the powerful non repainting and non lagging Harmonic Pattern, X3 Pattern and Elliott Wave Pattern indicator.

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/
Young Ho Seo
Young Ho Seo
Price Breakout Pattern Scanner for Metatrader

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/

In addition, we provide the YouTube Video for Price Breakout Pattern Scanner. With the video, you can see some basic operation of the price breakout pattern scanner. This video is applicable to both MetaTrader 4 and MetaTrader 5 platforms.

YouTube Video “How To Use Price Breakout Pattern Scanner”: https://www.youtube.com/watch?v=aKeSmi_Di2s
Young Ho Seo
Young Ho Seo
Elliott Wave 12345 ABC

We provide the testing results for Elliott Wave 12345 ABC in Forex and stock market. Elliott Wave 12345 ABC is the Elliott Wave pattern used by technical analyst. This study uses non repainting and non lagging Elliott Wave detection algorithm and the detection algorithm is synchrozined between history and live trading. Hence, this study will show both failed and successful pattern to provide the unbiased results, which is close to the real performance. Typically, a repainting indicator will show the successful pattern only making it hard to check the real performance of your strategy. Hence, you can not check the real performance of the strategy using the repainting indicator. With our Pattern Detection algorithm, you can trade what you see. That can be done by only one button click.

If you want to become a profitable trader, you should study the strategy in the scientific manner. It basically involves checking the repeatability or reproducibility. We provide this study to enhance the forex and stock trading for the trading community. We also want to add some scientific value for the Fibonacci pattern, Harmonic Pattern, X3 Chart Pattern and Elliott Wave Pattern too.

We used the Optimum Chart to test this pattern. You can also use X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 to get similar results. Elliott Wave 12345 ABC Pattern in this study has the following Structure:

N: 7, C0: 0.618 to T0: 7
R0: 1.272-1.618, R1: 0.618, R2, R3: 1.272-3.141, R4: 0.382-0.886, R5: 2.000-3.618, R6: 0.382-0.886
Points to watch out in this study:

Price movement around the Pattern Completion Zone (= Trading Zone) in the Gartley Pattern
Risk management around the Trading Zone. Look for the trading entry, where at least, Reward greater than Risk x 2
Possibility for breakout trading around the trading zone (=use them as support and resistance)
Look for continuation pattern vs reversal pattern
You can use this Reference to find out how to use these price patterns for your trading.

Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)
Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)
Here is the PDF document presenting Elliott Wave 12345 ABC Pattern In Forex and Stock Market.

https://algotrading-investment.com/manual/pricepattern/Elliott%20Wave%2012345%20ABC.pdf

Here is the YouTube Video for Elliott Wave 12345 ABC Pattern in Forex and Stock Market.

https://youtu.be/kqNOhXDfw8Y

Elliott Wave 12345 ABC pattern detection was performed using the Robo Advisor built inside Optimum Chart.

https://algotrading-investment.com/2019/07/23/optimum-chart/

You can also check the similar results using the X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform (Non repainting and non lagging algorithm).

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/

Harmonic Pattern Plus is the repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.

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

Harmonic Pattern Scenario Planner is the advanced repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.

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