Young Ho Seo / Profil

Breakout Trading and Reversal Trading

Breakout Trading and Reversal Trading are the two main trading strategy for the day trading community in Forex and Stock market. It is even better if you can spot these trading opportunity from Fractal Wave patterns. They will often show much clearer entry and exit for your trading in comparison to the slow lagging technical indicators.

With Fractal Pattern Scanner, you can use both Breakout Trading and Reversal Trading. If you prefer breakout trading over the reversal trading, then you should use the Fractal Pattern Scanner to detect breakout patterns. If you prefer the reversal trading over the breakout trading, then you can use the Fractal Pattern Scanner to detect reversal pattern. Check the attached screenshot on how to switch from breakout trading to reversal trading and vice versa.

When you set Fractal Pattern Scanner to detect Breakout Pattern, it will detect the patterns at the low turning point probability. In the statistical sense, there is a good chance to have the turning point when the turning point probability is high. Hence, if we just reverse this logic, then we can tell that at low turning point probability, price can continue to move in the same direction as before. Hence, in the low turning point probability, we can often find good breakout trading opportunity. This is the core trading logic when you use Fractal Wave analysis in your breakout trading.

When you set Fractal Pattern Scanner to detect Reversal Pattern, it will detect the patterns at the high turning point probability. In the reversal pattern detection mode, the Fractal Pattern Scanner will try to detect the patterns that already run quite far in the same direction. Often the current price will be at the area of high turning point with multiple of ZigZag movement. With some knowledge in Fractal Wave analysis like Fibonacci Ratio, Harmonic Pattern or Elliott Wave pattern or X3 Price Pattern, you can spot the turning point more accurately.

With Fractal Pattern Scanner, just pick the best trading strategy works for you in between Breakout trading and reversal trading. Fractal Pattern Scanner can help you with both trading 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/

In addition, we recommend you to spend a bit of time to understand the winning trading logic with the Geometric Prediction from the link below, just to perfect your trading skills.

https://algotrading-investment.com/2020/04/05/geometric-prediction-the-bible-for-successful-trading/

Using Japanese candlestick patterns with Price Breakout Pattern Scanner

Price Breakout Pattern Scanner combines several trading systems in one product. Properly used, they can yield excellent trading results. One of the trading system built inside Price Breakout Pattern Scanner is Japanese candlestick patterns. Price Breakout Pattern Scanner can detect 52 different Japanese candlestick patterns. They are categorized under five categories including one, two, three, four and five candlestick patterns.

To use Japanese candlestick patterns, you have enable the candlestick pattern from Price Breakout Pattern Scanner. See the attached screenshot for the purpose. Then you can switch on and off the individual category of patterns according to your preferences. For example, you can only use two and three candlestick patterns if you wish.

In addition, you can also receive sound alert, email and push notification when new Japanese candlestick patterns are detected.

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/

Harmonic Pattern Detection Indicator MT4

Trading Indicator is the realization of particular theory or trading strategy or trading ideas for real world trading. There is always gap between theory (i.e. ideas or strategy) and practice. This is the same for Harmonic Pattern trading too.

Hence, not all the harmonic pattern detection indicators are the same. The main variations of Harmonic pattern indicators can be categorized as following four types. Users should understand the pros and cons of each variation to maximize their trading performance with harmonic patterns.

Type 1: Non lagging (fast signal) but repainting

option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint. This is almost considered as standard Harmonic Pattern Indicator. Even if they are repainting, harmonic pattern trader just accept it as it is. 99% of time, this is the harmonic pattern product you will get from the market whether they are free or paid one. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy.

Type 2: Lagging (slow signal) but non repainting

no option to enter at turning point (i.e. early signal). This type of indicator turns harmonic pattern indicator as slow as moving average cross over. It might be not overly attractive option for your trading. Indicator does not show the failed pattern. Hence, you can not use historical patterns to tune your strategy but last pattern does not repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.

Type 3: Detecting pattern at point C but repainting

option to enter at turning point. Indicator detect pattern too early and you have to wait quite bit of time until price move near the point D. In fact, price may not move near point D. You might just waste your time waiting for the pattern. Indicator does not show the failed pattern and last pattern can repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.

Type 4: Non lagging (fast signal) and non repainting

option to enter from turning point. At the same time, the pattern is not repainting. This is hybrid of all above three system and can be considered as the most powerful harmonic pattern indicator. You can trade live with this indicators and you can also use historical patterns to fine tune your strategy. With this indicator, you are complying perfectly with the statement “Trade What you See”.

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 detection indicator particularly for MetaTrader 4 platform. Below is the list:

1. Harmonic Pattern Plus (2014)

Harmonic pattern plus is extremely good product for the price. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing. This is type 1 harmonic pattern indicator.

Below are the Links to Harmonic Pattern Plus

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

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

2. Harmonic Pattern Scenario Planner (2014)

With additional features of predicting future harmonic patterns, this is very tactical harmonic pattern indicator with advanced simulation capability on top of the powerful features of harmonic pattern plus. This is type 1 and type 3 harmonic pattern indicator.

Below are the Links to Harmonic Pattern Scenario Planner

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

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

3. X3 Chart Pattern Scanner (2019)

X3 Chart Pattern Scanner is next generation tools to detect profitable patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect advanced Harmonic Pattern, Elliott Wave Pattern, X3 Pattern structure for your trading. As a bonus, it provides your Japanese candlestick patterns too. This is type 4 harmonic pattern detection indicator, which means that you can fine tune your strategy using historical patterns while you are trading the same patterns on live trading.

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

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

Supply Demand Zone Indicator on MetaTrader 5

MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed 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.

Here is the list of Advanced Supply Demand Zone Indicator. These supply and demand zone indicators are rich in features with many powerful features to help you to trade the right supply and demand zone to trading. Also note that supply demand zone indicator can be used as a great support and resistance indicator too. So if you are looking for good support resistance indicator, then these tools are good too. Please check it out.

Mean Reversion Supply Demand MT5

Mean Reversion Supply Demand indicator is our earliest supply demand zone indicator and loved by many trader all over the world. It is great to trade with reversal and breakout. You can also fully setup your trading with stop loss and take profit target.

Below are the links to MT5 version of the Mean Reversion Supply Demand indicator.

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

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

Ace Supply Demand Zone Indicator MT5

Ace Supply Demand Zone indicator is our next generation supply demand zone indicator. It was built in non repainting and non lagging algorithm. On top of many powerful features, you can also make use of archived supply and demand zone in your trading to find more accurate trading opportunity.

Below are the links to MT5 version of the Ace Supply Demand Zone indicator.

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

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

Using Japanese Candlestick Patterns with Harmonic Pattern Plus

Harmonic Pattern Plus is the powerful harmonic pattern trading system with highly engineered functionality. Properly used, this tool can yield excellent trading results. One of the trading system built inside Harmonic Pattern Plus is Japanese candlestick patterns. Harmonic Pattern Plus can detect 52 different Japanese candlestick patterns. They are categorized under five categories including one, two, three, four and five candlestick patterns.

To use Japanese candlestick patterns, you have to enable the candlestick pattern from Harmonic Pattern Plus. See the attached screenshot for the purpose. Then you can switch on and off the individual category of patterns according to your preferences. For example, you can only use two and three candlestick patterns if you wish.

In addition, you can also receive sound alert, email and push notification when new Japanese candlestick patterns are detected.

For your information, 52 Japanese candlestick features are available on Harmonic Pattern Scenario Planner. However, there are other powerful features area available on Harmonic Pattern Scenario Planner for the advanced harmonic trader like predicting future patterns.

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 Indicator List for MetaTrader 4

Harmonic Pattern Indicator provide a mean of detecting the turning point in the market. It is one way to solve the puzzle of market geometry, which is often not solvable with technical indicators. How about automatic harmonic pattern detection for your trading ?

We provide the list of Harmonic Pattern Indicator for your MetaTrader 4 platform. These harmonic pattern indicators are not only detecting harmonic pattern but they also provide the addtional features to help you to win in your trading.

1. Harmonic Pattern Plus for MetaTrader 4

Harmonic Pattern Plus is the harmonic pattern scanner. It can detect harmonic patterns with predefined 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, automatic channel, etc.

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

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

2. X3 Chart Pattern Scanner for MetaTrader 4

X3 Chart Pattern Scanner is non repainting and non lagging pattern scanner for Harmonic Pattern, Elliott Wave pattern and X3 patterns. It is the most advanced but user friendly harmonic pattern indicator. As a bonus, this tool can detect around 52 bearish and bullish Japanese candlestick patterns + advanced Channel features. This is the most advanced Harmonic and Elliott wave scanner in the market. You must try.

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

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

3. Harmonic Pattern Scenario Planner for MetaTrader 4

With additional features of predicting future harmonic patterns, this is the tactical harmonic pattern indicator with advanced simulation capability on top of many powerful features of harmonic pattern plus. Try it then you will know its power.

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

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

Fight Corona Virus Together Discounts

Our life before and after the Corona Virus is significantly different. We feel the pain just like you when we look around. But some people are working hard to find the cure for this virus. I am sure we will get there pretty soon. Let us wait and help each other until then.

During this Covid19 pandemic, we hope everyone is safe and well from this Corona Virus Crisis. We know this affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products.

Discounted price is shown in the screenshot for the following six products.

Ace Supply Demand Zone indicator
Advanced Price Pattern Scanner
Elliott Wave Trend
Price Breakout Pattern Scanner
Harmonic Pattern Scenario Planner
X3 Chart Pattern Scanner (=Profitable Pattern Scanner)
This discounted price is only available when you buy these products from mql5.com

The price will go back to the original price when the discounts ends. Please take the discounted price now while it last only.

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

https://www.algotrading-investment.com/

Here are some simple tips for you to stay safe from this Covid19 Crisis.

Wear mask as much as you can if there are people
Don’t touch your face – Avoid touching your eyes, nose and mouth.
Don’t cough or sneeze into your hands – Cover your mouth and nose with your elbow or tissue when coughing or sneezing. Dispose of used tissue immediately.
Keep your distance – Maintain a distance of at least 2 meter from people who are coughing or sneezing.
Wash, wash, wash your hands
Take care of loved ones

Tactical Use of Pattern Completion Interval (PCI)

Our Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner exclusively provide the Pattern Completion Interval for your tactical trading.

Sounds complicated but not. Simply, if the price is inside the PCI box, then the pattern will stay alive. If the price move outside the PCI box, then the pattern is invalid. (We brought this concept from prediction interval or confidence interval from multiple regression techniques).

Maybe it is the view you need to see not the technical language. It is the PCI box that you will calculate your entry + your risk management. Inside PCI, your will pick up the good timing for your entry based on your risk management. Everything should be happen inside PCI. Otherwise, your reward/risk does not have too much merit.

Secondly you might need to use some secondary confirmation for final buy and sell decision. Remember the very advantage of manual trading is about combining information. It does not have to be fundamental data for this purpose. In our case, we exclusively uses geometric based tools and we have nearly got rid of all the technical indicator for trading. But you can use some technical indicator like RSI, Bollinger bands and Fibonacci Retracement etc.

Once you are sure about the trading and entry and risk management, then you will lock the pattern for your trading. Just click the lock button in your chart to do so. Our Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner supports Pattern Completion Interval for your entry management.

Link to Harmonic Pattern Plus

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

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

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

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

Link to X3 Chart Pattern Scanner:

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

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

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

MetaTrader Price Breakout Pattern Scanner

We provide several Price Breaout Pattern Scanner with different features in MetaTrader 4 and MetaTrader 5 platform. This is the simple introduction for each price breakout pattern scanner. Breakout trading is one of the most popular trading strategy as with reversal (i.e. turning point) strategy in the swing trading community.

1. Price Breakout Pattern Scanner for MetaTrader 4 and MetaTrader 5

Price Breakout Pattern Scanner is the popular Breakout Pattern Scanner with affordable price with many powerful features. It can detect Triangle, Falling Wedge, Rising Wedge pattern, Head and Shoulder Pattern, Double top and Double Bottom. As a added bonus, you have access to 52 Japanese candlestick pattern + Smart Renko. However, this scanner can repaint. It does not support multiple timeframe pattern scanning.

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/

2. Advanced Price Pattern Scanner for MetaTrader 4 and MetaTrader 5

Advanced Price Pattern Scanner is our another popular breakout pattern scanner. It can detect Triangle, Falling Wedge, Rising Wedge pattern, Head and Shoulder Pattern, Double top and Double Bottom. In addition, it can detect cup and handle patterns. Advanced Price Pattern Scanner is non repainting. + It provides the multiple timeframe pattern scanning. Hence, you can consider this as more advanced version of Price Breakout 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/

3. Fractal Pattern Scanner for MetaTrader 4 and MetaTrader 5

Fractal Pattern Scanner is our next generation price breakout pattern scanner. Unlike previous two price breakout pattern scanner detect price patterns like triangle and wedge patterns, Fractal Pattern Scanner detect the price breakout pattern using Statistical method with Elliott Wave like concept (i.e. Mother Wave and Child Wave). Hence, there is a huge difference in the detection of breakout patterns in Fractal Pattern Scanner from rest. However, Fractal Pattern Scanner is the powerful breakout pattern scanner as it provides the reversal (i.e. turning point) trading opportunity as well as breakout trading signals. Fractal Pattern Scanner also support Multiple timeframe pattern scanning with fully automated breakout signal generations.

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/