Fractal Pattern Scanner MT5
Breakout Trading and then Recommend for Turning Point
Fractal Pattern Scanner will do the complicated calculation at background. However, it provides simple trading operation. The Mother Wave pattern will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout. The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected.
In summary, you use breakout for the first profit opportunity, then you will use reversal for the second profit opportunity. However, if the market is too strong on breakout, then you can skip the second profit opportunity and just keep holding on the first breakout opportunity. However, the success of breakout is subjective to probability. In addition, Fractal Pattern Scanner provides the powerful Fractal Wave Analysis with multiple Fractal Cycles.
1. Provide Breakout Trading and Reversal Trading with Pattern detection.
2. Automated Gann's Angles (Gann's Fan) - measure trend strength with angled lines. We provide advanced Gann Angles.
3. Automated Andrew's Pitchfork
4. Automated Fibonacci Expansion and Trading Recommendation on important ratios
5. Provide the Multiple Timeframe Panel for Turning Point Probability in price dimension (i.e. amplitude) and time dimension (i.e. wavelength)
6. Fibonacci Probability Graph helping to detect more accurate rising wedge, falling wedge and triangle patterns
7. Improve trading performance with Harmonic Pattern and X3 patterns with probability filter
Fractal Pattern Manuals
Fractal Pattern Strategy Guides
Introduction to Fractal Pattern in Financial Market
Trading Price Pattern with Turning Point Probability
Fractal Moving Average Indicator
Every Fractal Pattern Scanner users can use Fractal Moving Average Indicator together with Fractal Pattern Scanner. Fractal Moving Average Indicator is free.
Important Note about Fractal Pattern Scanner
Please read the provided manuals and strategy guides thoroughly before buying Fractal Pattern Scanner. If you know how to use strategy tester, then you can test many features of the product in the strategy tester before buying them.
Further Note about Fractal Pattern Indicator
Fractal Pattern Scanner can be used on its own. However, because this indicator provides valuable probability information, you can always combine with different trading system like below:
From the link below, we provide the free application for the automatic Fractal Decomposition Analysis. Use this free tool to increase your understanding on Fractal Decomposition Analysis and Fractal Cycle Analysis.
1. Gann Angles, Mother Wave pattern,Fibonacci Expansion,Andrew's Pitchfork, and Probability Panels: https://youtu.be/QGHvKjECX1U
2. Trading with Fractal Wave and Stochastic Cycle using Fractal Pattern Scanner: https://youtu.be/_bstJrIevSQ
Buy or sell breakout signal + status of breakout signal if the current price crossed or not crossed the breakout price level + origin of breakout price.
Then enjoy this powerful trading system for your trading.
Respectively, A, B and C are described as below:
A: How many bar ago the origin (peak or trough) of the breakout was detected
B: How many bar ago the current position of breakout (peak or trough) was detected
C: Distance between origin of breakout and current position of breakout ( A-B =C)
Therefore, with C, you can find out how fresh or mature the breakout signal is immediately. Smaller distance (C) means the fresh breakout to enter. Depending on the market condition, you can also enter the breakout while it is running too.