Young Ho Seo / Profile

Mean Reversion Supply Demand Analysis

Mean reversion is a science to explain the turning point in Forex and Stock market. Mean reversion also provides a great explanation behind the Supply Demand Analysis. This article provides some guide for mean reversion supply demand indicator. Mean Reversion Supply Demand is an excellent tool to trade the supply and demand zone in Forex and Stock market. You can use the tool with multiple timeframe analysis. In addition, it can detect the trading zone where you can set stop loss and take profit target at most efficient price. Simply speaking, any support and resistance trader can use this Mean Reversion Supply Demand Indicator. Even any chart pattern or price pattern trader can use this Mean Reversion Supply Demand Indicator.

Mean Reversion Supply Demand indicator has “Strength at Origin” input. This input is the same and corresponding input described by Sam Seiden. You can consider the Strenth at Origin as the speed of the price movement. Therefore, “Strength at Origin” input can be range from 2 to 10. Higher the number you choose, you will filter out the less obvious supply and demand pattern. However, with higher number of Strength at origin, you will see less number of supply demand zone to trade as you are applying more strict filter. This means that you will see less number of supply and demand trading zone when you use Strength at Origin = 8 comparing to Strength at Origin = 3.

If you are new to the supply demand analysis, then it might good to choose the Strengh at Origin to 5 or more. However, if you are using any secondary confiramtion, then you can use the Strengh at Origin 2 or 3. Of course, if you know what you are doing, then you can always choose any Strength at Origin as you wish.

Below is some other guidelines for Mean Reversion Supply Demand. Please read this guides for your own goods:

https://algotradinginvestment.wordpress.com/2017/03/13/simple-instruction-of-mean-reversion-supply-demand/

https://algotradinginvestment.wordpress.com/2017/12/23/mean-reversion-supply-demand-shown-hidden-timeframe-button/

https://algotradinginvestment.wordpress.com/2018/01/25/mean-reversion-supply-demand-multiple-timeframe-analysis/

Here are link to Mean Reversion Supply Demand:

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

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

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

Smart Renko Chart Basics

Renko chart is a popular tool to trade with the price action in Forex and Stock market. We created a powerful tool called Smart Renko for Price Action Trader. Here we will explain how to use Smart Renko Chart in brief. Smart Renko is a hybrid tool between renko chart and candlestick chart. Smart Renko provides the spread view of the renko bricks on the candle stick chart and then it also keeps the normal renko chart on the bottom. The advantage of Smart Renko is that you can use the analysis of renko chart together with the analysis of candlestick chart at the same time. You can get the best out of the both world.

The important point before using any Renko chart is about the brick height. This also appies to the Smart Renko Chart too. Just like normal renko chart, Smart Renko chart need to decide the good number for brick height. From my experience, you can the brick height near the 1 standard deviation. However, you must use the brick height in the round number because standard deviation might come in decimal numbers. So be sure to round up those decimal numbers into good integer numbers.

Another consideration is that your brick height should be in the factor of 100 or 1000 pips for your trading. That is like 5, 10, 20, 25, 50, 100, etc. From my experience, these factored number can serve better for your brick height. If you do not choose sensible brick height, then you might not able to see anything on your charts. So be sure to choose the sensible brick height.

Finally do not forget that in Smart Renko, your analysis in Renko chart can be transferred to Main chart by double clicking over the Trend lines.

If you want to dig deeper, please google on renko chart. You will see a lot of articles about Renko charts and how to trade with them.

https://www.mql5.com/en/market/product/9911

https://www.mql5.com/en/market/product/9944

https://algotrading-investment.com/portfolio-item/smart-renko/

In addition, some feature of Smart Renko is built inside the Price Breakout Pattern Scanner. Hence, you can use the automated Pattern Scanner together with Smart Renko Chart inside the Price Breakout Pattern Scanner. Price Breakout Pattener cotains two tools in one techncial indicator. In addition, Price Breakout Pattern Scanner provides the 52 Japanese candlestick patterns to assit your trading decision. Here are the links for the 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/

Trading Tips for Newbie in Forex and Stock Market

In this article, we cover some trading tips for newbie staring Forex and Stock market. We will use the Q & A approach to share the useful information for newbie. Below the questions and answers will explain the key elements of successful trading in Forex and Stock market.

What is trading in Forex and Stock Market ?

Trading is a profit seeking operation with buying and selling the financial asset like a currency, stock or cryptocurrency. Profit seeking in long run is often based on materializing the regularities in the financial market. If anyone made money from the market in long run, this means that the market was not random, at least to them. In another words, you have found some sort of regularities in the market. Some people call these regularities as correlation, pattern, trend, wave, volatility, holes in the financial market, or many other names. But they are all regularities regardless of how you call them. Even you are doing some sort of arbitrage trading, you are still making use of some regularities that are known to few people. For example, in this case, you have found a pattern that some place selling the finanical asset cheaper than the other place or the other way around. Typically, this sort of arbritage information in financial market can be found using positive or negative correlation between two brokers or two exchange.

What are the regularities you should know for live trading ?

There are regularities from simple to complex in the financial market. To make your life simple, I have gathered five most occurring and most important regularities for trader in the price pattern table. They are Trend, Seasonality, Cycles, Fractal Wave and Correlation. Typically each trading strategy around Forex and Stock trading is designed to capture one of these five regularities. The best way to understand these regularities is to visualize the market using the chart. Typically, the candlstick chart is used mostly in Forex and Stock trading. When we use the candlestick chart, we can see these regularities in the chart. We can make a buy or sell decision based on our understanding of the market.

How to capture these regularities for profit ?

To visualize the market and to understand the regularities in the market, it is important to understand your tools. Depending on the tools, you may or may not able to identify the specific regularties existing in the market. If the market consists of a simple regularty, then you may not need any tool. However, this is very unlikely in the modern financial market. In addition, you need to understand why a particular tool is designed. Any tools used in the financial market has some assumption around the tool. When the assumption of the tool does not fit for the market, the tool can fail. Before blindly applying any technical indicator like MACD, CCI, RSI, etc, you need to ask how these tools are constructed and what the purpose of these tools are. This is the most important question for the successful trading. For example, the price action, price pattern and chart pattern are the direct price analysis. The main assumption of the direct price analysis is based on the endless zig zag movement of the price, also known as the fractal wave.

Explain the regularties in detail so I can trade better

If you want to understand the regularities in detail, then it is best to use the price pattern table showing the five regularities. Price pattern table shows five regularities existing in the market. From left to right, we are having more complex form of regularities (or market) depending on what internal and external factors are correlated with. Price pattern table is also the representation of how financial market evolves from simple to complex with number of influencing internal and external factors.

Trend (Column 1 in Price Pattern Table)

This is extremely simple market, where only few variable affect the market. Hence, it is showing steady increase or stead decrease. Trading this type of market is not so complicated. You would become just successful trader using some simple technical indicators like moving average, MACD, etc. However, in reality, we do not get this sort of simple market most of time because real world market is filled with so many government regulations, diversified players, fast information release, etc.

Seasonality (Column 2: Additive Seasonality + Colum 3: Mutiplicative Seasonality in Price Pattern Table)

When market started to correlate with time, we will start to see some sort of cycles in the market. When there is single cycle you would notice but several of the combined cycles can confuse many average people if they are not trained. Buy and sell decision making can be more complicated comparing to the market state in Column 1. The most important assumption with this market type is that existance of some deterministic cycle. In another words, if we can identify the wavelength and amplitude of the cycle, we can make money.

Combined Cycles (Column 4 in Price Pattern Table)

Many cycles are mixed and it is difficult spot the presence of one dominating cycle because there are too many cycles mixed. We need more and more skillful decision making to become successful trader in this type of market.

Fractal Wave (Column 5 in Price Pattern Table)

Number of influencing variables in the market are too many. For example, there are too many government regulations, too many diversified players, too many information release, etc in the market. One or few cycles are no longer dominating the market patterns. The market looks like fully chaotic. Sometimes, it shows orders and sometimes, it shows disorders. To be successful in this market, we need to understand the stochastic cycle. Stochastic cycle means that a cycle does not have a determinstic wavelength and amplitude. Instead, the cycle shows the probablistic wavelength and amplitude + multiple cycles are combined. This complicated cycles structure is known as the fractal wave. This sort of the market is even more complicated than the mixed cycle market in column 4 in the price pattern table.

If you want to become successful, it is best to think outside box for this type of the market. The key to is to use a higher order or superior method beyond the general method to deal with cycles. Instead of trying to spend countless hours trying calcuate probablistic wavelength and amplitude of the cycle, it is better to use a geometric method that provides the combined insight over the small cycles, medium cycles, large cycleds and superimposed cycles. Such geometric analysis include the price action, price pattern, chart pattern and so on.

Summary on Regularties

So far, we have discussed four regularties or four market types from top to bottom. From top to bottom, the market type becomes simple to complex. In fact, you can say that top one is the sub class of the bottom one. For eaxmple, trend can be included in the seasonaltiy type of market too. Likewise, seasonaltiy can be included in the combined cycle type of the market too. Likewise, the combined cycle type of market can be included in the fractal wave type market too because deterministic cycle is only the sub set of stochastic cycle. In addition, the fractal wave type market can possess the trend property too. Choosing the right technical anlaysis is really based on your belief on how complex the market is. Now you probably have the complete understanding over the price pattern table.

What type of market do you believe you are dealing with in Forex and Stock market?

If you know what type of market you are dealing with, you can choose the right tool for the market. It is the first step toward the success. Hence, this is a important question for the successful trading. Most of us, including the average trader, do not believe that the market is simple. Hence, it is likely that two latter market types might be close to the real world financial market instead of the first two market types. Many people are pessimistic about seeing the deterministic cycles in the financial market. For example, the economist will not say that the business cycle is 5 years or 10 years. However, they will say the business cycle is 5 to 10 years. This means that it can be any period between 5 years and 10 years. In some extreme case, it can be longer than 10 years and it can be shorter than 5 years too. This means that the business cycle is stochasic and not determinstic. Hence, it is very likely that the financial market is also based on the stochastic cycle too. Hence, fractal wave would provide the best understaning for Forex and Stock trading. If then, the direct price analysis like the price action, price pattern and chart pattern could be the good choice to trade in Forex and Stock market.

What else trader should know about for safe capital increase ?

Risk management and position sizing is the golden rule for successful trading. Key point is to understand these three variables for your trading.

Breakeven win rate
Success rate
Reward/Risk ratio
Physically and psychologically, with these concepts in your head, you will get a lot of buffer for losing trades but spring board for winning trades.

Any further tips on improving profit ?

Trade with deep decision making instead of superficial decision making. It is the quality matter and not quantity. It is useless that you trade fast reckless. Many number of trade will not guarantee your success. Even for one trade, put the quality piece of information technically (from chart) and fundamentally (from surrounding market environment) together.

If you are looking for the tools for the direct price analysis like direct price analysis like the price action, price pattern and chart pattern, then visit our website. Our website provides the best tools geared up for the price action, price pattern and chart pattern. Our products include the technical indicator, expert adviser, inter-market analysis tools and pattern scanner making the best use of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave, Supply Demand Analysis, Volume Spread Analysis and Market Volatility. MetaTrader product range includes the Harmonic Pattern Indicator, Elliott Wave Indicator, Momentum Indicator, Volume Spread Analysis, Support Resistance Indicator, Supply Demand Indicator, Pairs Trading Indicator, Renko Chart Indicator, Volitility Indicator and Expert Advisors.

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

https://algotrading-investment.com/

Harmonic Pattern Guide

Guide to Precision Harmonic Pattern Trading is a good book to get the trading guide for Harmonic Pattern. Here is some information about the book.

Book Title: Guide to Precision Harmonic Pattern Trading
Book Subtitle: Mastering Turning Point Strategy for Financial Trading
This book will explain the Harmonic Pattern Trading in practical approach. Book will explain how to predict the turning point uisng Harmonic Pattern like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on for currency or stock market. The book also explain the ratio framework used in Harmonic Pattern. The book will also demonstrate the possible price trajectory around the point D of Harmonic Pattern. The book also touches the order managment and risk management in detail when you trade with Harmonic Pattern. The book will describe How to use Pattern Completion Zone, Potential Reversal Zone and Potential Continuation Zone at your advantage for your turning point prediction. If you want to use harmonic pattern, this is a must read book.

This book is available from various book distributors on the internet including Google Play Book, Scribd, Amazon, Kobo, Apple and so on.

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

Scribd: https://www.scribd.com/book/394041109/Guide-to-Precision-Harmonic-Pattern-Trading

Apple Books: https://itunes.apple.com/us/book/id1444526074

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

Barnes & Noble: https://www.barnesandnoble.com/w/guide-to-precision-harmonic-pattern-trading-young-ho-seo/1129937788?ean=2940156276585

Rakuten kobo: https://www.kobo.com/ww/en/ebook/guide-to-precision-harmonic-pattern-trading

In addition, you can find free trading education from the link below. If you want to improve your day trading, then you can use this trading education. Learn how to maximize your profit in Forex and Stock Market with this free trading education.

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

If you are looking for Harmonic Pattern Indicator or Harmonic Pattern Scanner, you can find a good one from the website below. In fact, this website provides many tools and indicators related to Price Action, Price Pattern and Chart Pattern.

https://algotrading-investment.com

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

Introduction to Advanced Harmonic Pattern

In this article, we will introduce the main featuers of Advanced Harmonic Pattern Scanner in detail. The Harmonic Pattern like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on are used often to trade currency or stock. The advanced Harmonic Pattern Scanner can predict the future Harmonic Pattern using the computer simulation. For example, the present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your successful trading. To meet such a powerful and predictive concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Scanner in the world among its kind.

Main Features

Predicting future patterns for scenario analysis
11 Harmonic Pattern Detection
Automatic stop loss and take profit recognition for superb risk management
Pattern Completion Interval for precision trading
Potential Continuation Zone Detection for future price prediction
Potential Reversal Zone Detection for Point D identification
Automatic Channel Detection to go with Harmonic Pattern (Optional)
Multiple timeframe Pattern Analysis
Multiple timeframe Pattern Detection
Guided Trading Instruction for professional traders
Pattern Locking and Unlocking feature in your chart
Even more, please find it out.


Scenario Simulation for Future Harmonic Pattern

There are powerful simulation techniques known to generate possible future price patterns like Monte Carlos Simulation, Brownian motion simulation, etc. To do so, we need to understand the price behavior including distribution and its randomness. Then we repeat the simulation as many times as possible to identify various future price path. Some future price path may be very important for your trading whereas some other price path may be insignificant. Harmonic Pattern Scenario Planner collects those significant price paths only for your advance trading decision.

How to Use

You can run Harmonic Pattern Scenario Planner like Harmonic Pattern Plus to pick up the turning point. At the same time, you can predict the future patterns for the advanced scenario analysis. The predicted pattern can be used for the earlier decision making for your trading.

Reduce commission and slippage using pending orders in advance
Worst case scenario planning before taking position
Early identification of important support and resistance lines automatically in advance
More accurate prediction of entry and exit timing
How to Trade

Each Harmonic Pattern provides you the potential entry for the turning point. You might apply few other filters to improve your trading. Some of the basic filters you can apply include RSI, CCI, MACD, Bollinger Bands, and Moving Average. More advanced filter can include Price Breakout Pattern Scanner, Mean Reversion Supply Demand, Elliott Wave Trend, and Harmonic Volatility Indicator. Please note that the trading performance can vary for your trading experience and trading skills.

Indicator Input

Here we list part of input setting. For full input setting, visit this webpage:

https://algotrading-investment.com/2018/10/25/input-setting-for-harmonic-pattern-plus-and-harmonic-pattern-scenario-planner/

Harmonic Pattern Parameters 1 ( User Option ) ===========================

These parameters below concerns operations of Harmonic patterns. You can change button size, timeframe to detect patterns and alerts using these parameters. You can change timeframe of pattern detection. However, you cannot use smaller timeframe pattern detection for higher timeframe. For example, you cannot set Timeframe to detect patterns = H1 timeframe while you are using D1 chart.

Timeframe to detect Patterns
Max number of patterns to display
Pattern Index from which to display
Enable sound alert
Send email if pattern is found
Send notification if pattern is found
Display Fibo retracement (DC Future Price Projection)
Fibo Retracement Length
Fibo Retracement Color for pattern
Fibo Retracment Wdith for pattern
Use white background for chart
Amount of bars to scan for pattern search (1500 = default)
Detect Pattern at Every Tick: true or false only
Pattern Update Frequency (Period)
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

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, and so on. 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. Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 platform.

In the following article, we explain some basics operation with Elliott Wave Trend in MetaTrader.

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

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version. Here are the links 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

Japanese Candlestick Pattern with Harmonic Pattern

Japanese Candlestick pattern can be a great supplementary tool when you trade with Harmonic Pattern. Harmonic Pattern Plus is the powerful harmonic pattern indicator with the capability to detect Japanese Candlestick Patterns together. Properly used, this tool can yield excellent trading results. One of the trading system built inside Harmonic Pattern Plus is the Japanese Candlestick Pattern as well as Harmonic Pattern. Japanese Candlestick Pattern provides visual insight for buying and selling momentum present in the market. Japanese Candlestick Pattern can provide both entry and exit signal for traders. Hence, many traders use them as the secondary confirmation techniques.

In the trading community, Japanese candlestick patterns were the favorite trading tool of many traders. Hence, Harmonic Pattern Plus provides you the opportunity to combine the Japanese candlestick pattern with Harmonic Pattern Trading setup. Harmonic Pattern Plus can detect 52 different Japanese candlestick patterns. These Japanese candlestick patterns include “Hammer”, “Doji Star”, “Harami”, “Inverted Hammer”, “Break away” and so on. They are categorized under five categories including one, two, three, four and five candlestick patterns in Harmonic Pattern Plus.

To use Japanese candlestick patterns, you have to enable the candlestick pattern from Harmonic Pattern Plus. See the attached screenshot firstly. You can enable this function from the inputs tab in your MetaTrader after the Harmonic Pattern Plus is attached to any of your chart. Then you can switch on and off the individual category of patterns according to your preferences. For example, you can only use two or three candlestick patterns if you wish. From our observation, the Japanese candlestick patterns made up from two or three bars are more accurate than the Japanese candlestick pattern made up from one bar. Since you can check the historical pattern, you should be able to test your strategy with these Japanese candlestick patterns if you wish. In addition, you can also receive sound alert, email and push notification when new Japanese candlestick patterns are detected.

Although the Harmonic Pattern Plus is the repainting indicator, it is still at the affordable price with tons of powerful features for Forex trading. At the same time, it is non lagging indicator too. If you do not mind the repainting, then you can choose the Harmonic Pattern Plus. You will find the many additional features inside Harmonic Pattern Plus beside the Harmonic Pattern and Japanese Candlestick Pattern detection. For example, pattern completion interval can be used for the trading risk management and automatic channel can be used to find better reversal and trend following opportunity and many more. We hope this short article was helpful for you to understand how to unlock the Japanese Candlestick patterns from Harmonic Pattern Plus. We wish you the best trading experience in Forex market.

Below is the landing page for Harmonic Pattern Plus with Japanese Candlestick Pattern Features.

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

If you must use non repainting and non lagging Harmonic Pattern Indicator, then you can also use X3 Chart Pattern Scanner. X3 Chart Pattern Scanner also provides Japanese Candlestick Pattern and Harmonic Pattern. In addition, you have the possibility to use Elliott Wave Pattern and other Chart Patterns. X3 Chart Pattern Scanner can cost more, due to its unique features.

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

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

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

Beat Global Inflation Together Discounts

Global Inflation, what now? We thought that we will enjoy some recovery from the COVID 19 crisis. However, soon there was a war. This affect the global economy increasing the uncertainity, inflation, and interest rate. This is not nice. Everything on the street are getting more and more expensive including energy, food, cloth, house and so on. We really deserve some good time after the two years of suffering from the Covid 19.

We know this global inflation affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products. So we provide special discounts for 12 MetaTrader products all together.

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/

Multiple Timeframe Scanning for Harmonic Pattern

Multiple Timeframe Scanning or multiple timeframe analysis is a convenient feature when you want to trade with Harmonic Pattern. It allows you to alert the latest harmonic pattern across all timeframe. It is handy that you can view all these patterns in one place. 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. Even if you attach one indicator per symbol only, you can still tell if any Harmonic Pattern is formed in another timeframe.

There is small “M” button in your chart in case you want to refresh multiple timeframe pattern scanning manually. If you are using MetaTrader 5 platform, then you might need this sometimes when data is not fully loaded in your MetaTrader. Especially, in MetaTrader 5 platform, it can take sometime to load data on lower and higher timeframe. However, once they are loaded, you should be able to see the patterns detected across all timeframe. In fact, this longer data loading is done because MetaTrader 5 platform is loading tick by tick data, which is really heavy for your CPU and Memory and this can not be controlled by the indicator. Hence, we can not blame the platform builder anyway as they tried to do something good intentionally in their end. Since in MetaTrader 4, they only load Open, High, Low and close price, the data loading time is pretty fast and not noticeable most of time. Please have a look at the YouTube video to understand the multiple timeframe analysis better with Harmonic Pattern.

Please watch YouTube video for full explanation: https://youtu.be/fgPxxBVzER0

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

Elliott Wave Trend Tutorial 1

In this article, we will provide a simple tutorial for Elliott Wave Trend in Forex and Stock trading. Elliott Wave Trend is a good tool to identify the Elliott Wave Pattern in your chart. With some knowledge of Elliott Wave analysis, this tool get rid of a lot of manual wave analysis to save your time and effort. However, it can be more accurate through as it provides wave score for impulse wave and corrective wave. Elliott Wave Trend provides you a lot of features for your trading. Of course, many automatic analysis in Elliott Wave Trend is handy and convenient. Elliott Wave Trend consists of the following features:

Turning point strength
Turning Point strength Indicator for multiple time frame scanning
Automatic Wave Analysis with Template and Pattern Approach
Manual Wave Analysis with Template and Pattern Approach
Wave Analysis saving and sharing System
This tutorial is not necessarily covering everything. But this tutorial will try to give some intuition over the automatic Wave Analysis. Automatic Wave Analysis is based on the template and pattern approach described in the book: Financial Trading with Five Regularities of Nature (Scientific Guide to Price Action and Pattern Trading).

Steps to perform the automatic wave analysis.

For Automatic Wave Analysis, you can only perform with Impulse and Corrective Waves.

Click either Impulse or Correct button
Click any wave template in the sub window (i.e. small blue and red circles).
Click Draw Line button.
Use either position rule or Wave Score to accept and to reject your analysis.
Your trading will be based on the levels and turning point projected from your analysis.
Along with this article, you can have a look at this YouTube video about Elliott Wave Analysis. With this video, you will find more practical way of applying Elliott Wave for Forex and Stock trading.

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

Here are the links for Elliott Wave Trend.

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

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

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

If you need more complete tutorial on Elliott Wave Analysis, visit this link:

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

When you want to set any trading alert after you wave analysis, you can use our free Auto Chart Alert.

https://algotrading-investment.com/portfolio-item/auto-chart-alert/

Optimized Harmonic Pattern

Have you ever thought that you could optimize the ratio of each Harmonic Pattern to improve your profit ? In real world trading, each currency or stock can behave differently with different dominating Fibonacci ratios. Never assume that one ratio will work best across all currencies and stocks. Hence, there comes the idea of Optimizing the ratio of Harmonic Pattern. For example, you could modify or tune the ratio of Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on for each currency or stock if you wish. Or you can modify or tune each Harmonic Pattern to get the overall performance better across all currencies and stocks. It is even better if you can apply the same idea when you trade with Elliott Wave patterns too.

To optimize each Harmonic pattern, you need a tool to visualize the true performance of each Harmonic Pattern through the historical data. It is better if you can see the historical performance directly from your chart without using any other complicated tools or tester or etc.

With X3 Chart Pattern Scanner, you can check the historical performance of Harmonic Pattern for any symbol immediately when you attach it to the chart. This sort of feature is very powerful but unique to X3 Chart Pattern Scanner. For example, You can not check the historical performance of Harmonic Pattern with repainting Harmonic pattern indicator. Since X3 Chart Pattern Scanner is non repainting, non lagging, synced between historical and live pattern, this is possible.

You can trade with optimized strategy in live trading. With X3 Chart Pattern Scanner, you can get the practical performance insight for each Harmonic pattern in few weeks with the historical information. This is really good to learn through your tool direclty and to trade with the same tool. Optimized Harmonic Pattern is a great way of improving your profit. With X3 Chart Pattern Scanner, you can modify or tune each Harmonic Pattern to optimize their trading performance using historical data. You can simply modify the ratio of each Harmonic Pattern in input setting. Below is the link to Non Repainting and Non Lagging Harmonic Pattern and Elliott Wave Pattern Indicator.

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

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

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

This Youtube video will explain some features of X3 Chart Pattern Scanner, the non repainting, non lagging harmonic pattern and Elliott Wave pattern indicator. Please watch the video to find out more about the non repainting Harmonic Pattern indicator.

YouTube: https://www.youtube.com/watch?v=uMlmMquefGQ&feature=youtu.be

YouTube: https://www.youtube.com/watch?v=2HMWZfchaEM

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/

Order Management for Harmonic Pattern

This article will provide some ideas of managing buy and sell orders in Forex trading with the Pattern Compltion Interval in Harmonic Pattern. Many harmonic pattern trader use some arbitrary order management. Some uses Fibonacci levels but they are not able to measure or think how each winning and losing trades can affect their trading balance. You do need to know this to grow your capital safely. Risk and Order management is not the concept you can skip regardless of your trading strategy. So how can we manage buy and sell orders if we are trading with harmonic patterns like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on. We can use the Pattern Completion Interval (=Pattern Completion Zone).

Pattern Completion Interval (=Pattern Completion Zone) was introduced in the Book: Guide to Precision Harmonic Pattern Trading to help you to trade with harmonic pattern with more scientific risk management. Of course, you can find more details about the Pattern Completion Interval from the book.

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

In short, the Pattern Completion Interval helps you to achieve the desired Reward/Risk ratio while you are trading in real time tick by tick data. Here is one of many approaches how you may use the Pattern Completion Interval concept for your trading. Of course, this approach is compatible with your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. We produce this diagram so you can understand this approach intuitively without any calculator in your hands. Tr = Take Profit Ratio and Sr = Stop Loss Ratio. The diagram shows the case of two orders but you can even generate more orders taking this example further. Hopefully this new diagram is easier to understand than previous one.

Of course, this precision trading frame work is inclusive to our Harmonic Pattern Indicators including Harmonic Pattern Plus and Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner. These indicators are available for both MetaTrader 4 and MetaTrader 5 platforms.

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

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

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

Stop Loss and Take Profit with Harmonic Pattern

In this article, we will explain how to set stop loss and take profit with Harmonic Pattern. For any professional trading strategy, there are ways to manage the trading risk. Fortunatley, Harmonic Pattern can have the easy and complete trading risk management with Pattern Completion Zone. Pattern Completion zone is not the rocket science. It is a rectangle box drawn at the point D of any Harmonic Pattern. It can be drawn for any Harmonic Patterns including Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on.

You can consider the pattern completion zone as the trading zone simply speaking. If you are not sure what is the trading zone, then think it as just two price range, often used in the support resistance trading or supply demand trading or volume spread analysis or any other technical anlaysis. You can read more about the pattern completion zone and trading zone in Guide to Precision Harmonic Pattern Trading. However, if you have not read this book yet, then let us just assume it as two price around the point D in the Harmonic Pattern. Typically, the pattern completion zone will be provided with Harmonic Pattern Indicator or Scanner you are using for the purpose of the trading risk management. Pattern completion zone is very useful to visualize the price trajectory around the point D of the Harmonic Pattern. For example, price can have several trajectory inside or outside the pattern completion zone.

With the Pattern Completion Zone, you can observe that sometime price can reach outside the pattern completion zone. Sometimes, price might just make a good turning point within the Pattern Completion Zone. The implication of this is that we need to set the sensible stop loss when we trade with the turning point. What is important here is that the stop loss size and take profit size. We can this as the Reward/Risk ratio. This is really important quantity to understand if you want to become a profitable trader.

Stop loss size around the pattern completion zone can be changed. As long as you understand the pros and cons of using large stop loss, it is still fine to control your own stop loss size. It is best to express the stop loss size in terms of pattern completion zone. Likewise, it is best to express the take profit size in terms of the pattern completion zone too. It is because your Reward/Risk ratio is easily visualized in your chart without any additional calculation steps. For example, if the original stop loss size was equal to 1 x pattern completion zone, you can certainly use 1.5 x pattern completion interval or 2 x pattern completion interval. This will impact of your Reward/Risk ratio. Hence, you need to adjust your take profit target too. So there are some interactive element for trading. It is the safe and profitable way to trade as it helps to manage your trading risk in highly visual form and in quantified manner.

Another consideration is, if you can enter the market at the competitive price, then you can feel less guilty when you increase your stop loss size because you are still having the good Rewards/Risk ratio. On the other hands, if you have entered market at not so competitive price, then you might be cautious when you increase your stop loss size. Pattern Completionzon helps you to measure all these important price levels with just a simple box, also know as the trading zone.

All our Harmonic Pattern indicator comes with this pattern completion zone. Hence, Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner come with the Pattern Completion Zone. This means that with these products, you can manage your trading risk like the professional trader does.

In addition, you can watch the YouTube Video titled 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

Below, we provide the landing page for Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner for your information.

Harmonic Pattern Plus

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. Please note that this is repainting and non lagging harmonic pattern trading system.

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 Scenario planner

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. Please note that this is repainting and non lagging harmonic pattern trading system.

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

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

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

X3 Chart Pattern Scanner

Both Harmonic pattern plus and Harmonic Pattern Scenario planner are the excellent trading system at affordable cost. However, if you do not like repainting Harmonic pattern indicator, then we also provide the non repainting and non lagging harmonic pattern trading. Indeed, the X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and Elliott Wave pattern scanner. Beside, X3 Chart Pattern Scanner provides many other powerful features like the customizable option and advanced channel and so on

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/

Introduction to Excessive Momentum Indicator

Momentum trading is often used by the experienced trader. One innovative way to use the momentum trading is to trade with the excessive momentum. Excessive momentum is the technique to identify unusually strong supply or unusually strong demand by analyzing the price series. Why do we need to care about the unusually strong supply or unusually strong demand in our trading? It is because unusually strong supply or unusually strong demand are the sign of the end of the current trend ( or birth of new trend). As you probably guess, when the new trend is born, you can ride the highest profit as possible. Hence, the excessive momentum can provide you the attractive entries for your trading.

Excessive Momentum Indicator provides you the ability to detect the excessive momentum in Forex and Stock chart. Let us start this simple introduction. Firstly, understand that the excessive momentum could possibly point out some anomaly movement or anomaly momentum in the market. To help your understanding, you can consider the insufficient momentum (i.e. exceptionally low volatility market or sideways market) as the opposite concept against excessive momentum. Our Excessive momentum indicator provides the automatic way of measuring the excessive momentum in your chart.

Once Excessive momentum is detected, then it will draw the Fibonacci Levels in the important area in your chart automatically. Then you can take this as your trading entry. It is simple and easy to trade. Most importantly, it is the powerful momentum indicator that alarm you the important trading entry and exit in advance.

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

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

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

You can watch this YouTube Video about this Excessive Momentum Indicator.

Youtube: https://www.youtube.com/watch?v=oztARcXsAVA

You can read the full article: introduction to Momentum Trading. In this article, you will find how to unlock the potential of the excessive momentum trading. In addition, this article will provide you some introduction to Volume Spread Analysis.

https://algotrading-investment.com/2018/10/29/introduction-to-momentum-trading/

Beat Global Inflation Together Discounts

Global Inflation, what now? We thought that we will enjoy some recovery from the COVID 19 crisis. However, soon there was a war. This affect the global economy increasing the uncertainity, inflation, and interest rate. This is not nice. Everything on the street are getting more and more expensive including energy, food, cloth, house and so on. We really deserve some good time after the two years of suffering from the Covid 19.

We know this global inflation affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products. So we provide special discounts for 12 MetaTrader products all together.

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/

Non Repainting and Non Lagging Harmonic Pattern Scanner

X3 Chart Pattern Scanner is the world first Non Repainting and Non Lagging Harmonic Pattern Scanner. Harmonic pattern indicator and scanner help you to automatically detect the Harmonic Patterns like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on. If you have used the automated Harmonic Pattern Scanner, then you probably know some specific facts about the harmnic pattern indicators in regards to repainting. Repaintng is a fact you should know about when you buy Harmonic Pattern indicators and Scanners on the internet. It does not matter which website you get from or which company you get from or what price you get from, the automated Harmonic Pattern indicator and Scanner can be repainting and if not, then they will lag behind the actual Harmonic Pattern signal. In addition, they will not show the fully synchronized real time signal like you can observe the historical signals in your chart. This can confuse the real trading performance or success rate of your trading strategy with Harmonic Pattern.

Despite of the fact that many trader uses Harmonic Pattern indicators and Scanners, this happens due to the technological limitation. Harmonic Pattern provides the fast signal entry comparing to other techncial indicator. Instead of this fast signal, they are repainting. Hence, there is a trade off between the fast signal and repainting. Think about the moving average or other technical indiactor. In terms of the trading signal, they mostly lags behind the actual turning point due to the smoothing algorithm used in the techncial indicator. This is to say that it is very hard to build the Harmonic Pattern Detection indicator that gives you the fast trading signal without repainting. Even if someone build that non repainting Harmonic Pattern indicator, finding the consistency between real time signal and historical signals are another story. But everyone want to have this sort of dream Harmonic Pattern Indicator even though techncially such a harmonic pattern indicator is really hard to build.

After the intensive research, X3 Chart Pattern Scanner is the game changer for everyone. It does not repaint or lag. It will provide you pattern at turning point but you do not have to worry about if incomplete harmonic pattern will disappear from the chart or not. It will provide the real trading signal as you can see in the historical signals in your chart. You can backtest your trading logic with any secondary confirmation from your chart. Hence, you can base your trading entry and exits as you perceived from your chart. In another words, you can trade as you see from your chart. All other Harmonic Pattern scanner does not provide this sort of direct backtesting capability in your chart.

As a bonus, X3 Chart Pattern Scanner provides around 52 Japanese candlestick patterns + Advanced automatic channel function to improve your trading performance. Of course, there are tons of other powerful features for your trading. You can find those features from the landing page of X3 Chart Pattern Scanner. Below is the link to X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5.

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

Here are some YouTube Videos about Non Repainting Harmonic Pattern Scanner. This Youtube video will explain some features of X3 Chart Pattern Scanner, the non repainting, non lagging harmonic pattern and Elliott Wave pattern indicator. Please watch the video to find out more about the non repainting Harmonic Pattern indicator.

YouTube: https://www.youtube.com/watch?v=uMlmMquefGQ&feature=youtu.be

YouTube: https://www.youtube.com/watch?v=2HMWZfchaEM

However, if you do not mind repainting or historical backtesting, then we provide the powerful Harmonic Pattern indicator at affordable price. For example, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner are the repainting Harmonic Pattern Indicator with tons of powerful features. You can have a look what powerful features are included inside Harmonic Pattern Plus and Harmonic Pattern Scenario Planner from the link below. Most importantly, they come at affordable price and they are easy to use. Please have a look at the link below.

https://algotrading-investment.com/2018/11/03/harmonic-pattern-plus-introduction-2/

Ace Supply Demand Zone Indicator – How to Remove Take Profit and Stop Loss Levels

One of the greatest advantage of Ace Supply Demand Zone indicator 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.

In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. In terms of indicator operation, both mean reversion supply demand and ace supply demand zone indicator are similar. Hence, you can watch this YouTube Video to learn the basic operation with the supply demand zone indicator.

YouTube “Supply Demand Zone Indicator”: https://youtu.be/lr0dthrU9jo

Below is link to Ace Supply Demand Zone 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/

Powerful Non Repainting Supply Demand Zone MetaTrader Indicator

Ace Supply Demand Zone is the non-repainting Supply Demand indicator. This supply demand indicator is very useful to trade with the market turning point. Its trading strategy is based on the price pattern detection like Drop-Base-Rally, Rally-Base-Drop and so on. Since you have an access to fresh supply and demand zone as well as the historical supply demand zone, you can achieve much better profiling on price movement in Forex market. In addition, the trading zone idea provides you an excellent way of managing your trading risk. This is really useful if you have at least learnt how to use the support and resistance trading, which is the most popular technical analysis in Forex and Stock market.

With the Ability to trade the original supply demand zone trading, you can also perform highly accurate Angled Supply Demand zone trading as a bonus. With a lot of sophisticated gadgets built inside, Ace Supply Demand Zone indicator will provide you unmatched performance against other Supply Demand zone indicator out there.

Here is the link to Ace Supply Demand Zone 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/

In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. In terms of indicator operation, both mean reversion supply demand and ace supply demand zone indicator are similar. Hence, you can watch this YouTube Video to accomplish the supply demand zone indicator.

YouTube “Supply Demand Zone Indicator”: https://youtu.be/lr0dthrU9jo

Beat Global Inflation Together Discounts

Global Inflation, what now? We thought that we will enjoy some recovery from the COVID 19 crisis. However, soon there was a war. This affect the global economy increasing the uncertainity, inflation, and interest rate. This is not nice. Everything on the street are getting more and more expensive including energy, food, cloth, house and so on. We really deserve some good time after the two years of suffering from the Covid 19.

We know this global inflation affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products. So we provide special discounts for 12 MetaTrader products all together.

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/