Showing Historical Patterns in Optimal Turning Point Pattern Scanner
In trading, you get your profits as good as your tools. Optimal Turning Point Pattern Scanner is the superb Harmonic Pattern Indicator using the next generation pattern detection algorithm (The first Non Repainting + Non Lagging Harmonic pattern indicator.). To understand and to test your strategy, simply increase bars to scan to some higher number like 5000 or 10,000. Initially bars to scan is set to 250 to save some computation but you can increase as many as you can to just check your strategy. Screenshot shows how to do it.
1. Optimize your Strategy per symbol and per timeframe
As you can see, Harmonic Pattern and Elliott Wave pattern will perform differently per symbol and per timeframe. Hence, check history signals per symbol and per timeframe to optimize your strategy per symbol and per timeframe. While you are studying these patterns with optimal turning point pattern scanner, you will gain more and more knowledge and skills for your trading.
2. Apply many indicators and filters
To improve success rate, make sure that you are studying various indicators and filters together with the historical signal patterns. In my opinion, you will gain practical knowledge within few weeks whereas other harmonic pattern trader takes typically 1 to 3 years to grab knowledge of harmonic pattern trading (and 2 to 4 years for Elliott wave trading). This is great with this non repainting indicator.
3. Set Bars to Scan input = default in live trading to save computation
Another important note is that make the “Bars to Scan” input to 250 after you have finished your studying with historical signal patterns. If you leave Bars to Scan = 10,000, etc, this would be too heavy for your MetaTrader. For your live trading, set Bars to Scan = 250 or as small as possible. Since live trading results and historical signals are the same, you will not get lost anything even if you set Bars to Scan = 250 or other reasonably small number.
4. Important note for best performance
Study with Optimal Turning Point pattern scanner and trade with Optimal turning point pattern scanner only to achieve the best trading performance. It is because we have set different but optimized harmonic pattern ratios from typical harmonic patterns after testing many runs because optimized patterns are performing betters. Some people do not keep this, you can not achieve the best performance.
5. Simple and easy to trade
Beside all this sophisticated technology running before your PC, trading with optimal turning point pattern scanner is easy and simple to trade because of its non repainting features. Just study your charts and trade with your charts.