Young Ho Seo / Perfil

New Article – Various Risks in Trading and Investment

Trading and investment carry risk. The opportunities in trading and investment without risk rarely exits except some arbitrage opportunities, which will not be discussed in this book. In theory, you could develop several classes of risks for trading and investment. For example, risk in trading and investment can be classified as Macro and Micro risks depending on where they are originated. Macro and Micro risks can be subdivided further into smaller categories like the market risk, operational risk, liquidity risk, credit risk, political risk, etc. Read entire free article from below link:

https://algotrading-investment.com/2020/06/01/various-risks-in-trading-and-investment/



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/

Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. You can get them for the affordable price. Below is links for them.

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/

Profitable Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. Below is links for them.

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/

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 better product with the latest pattern detection algorithm incorporating some years of our research in pattern science. 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. What does it mean by the better product, it simply means that the success rate of Advanced price Pattern Scanner is better than price breakout pattern scanner + You can do more sophisticated pattern analysis with Advanced Price Pattern Scanner. 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. It will do generally everything for your need from price pattern detection + Japanese candle stick pattern detection, etc. If you need the professional pattern scanner, we certainly recommend to use Advanced Price Pattern Scanner. In addition, Advanced Price Pattern Scanner also provide 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

Harmonic Pattern – Predict Turning Point Before using Harmonic Patterns, it is necessary to ask the rational behind the harmonic pattern. In fact, you will do the same for any trading strategy. You should never blindly trade because some one recommend you any particular strategy or you read some articles on website. You need to take sufficient time to understand the rational behind the trading strategy and then you will move on to the operation with the trading strategy. This article “Patterns are the Good Predictor of Market Turning Point” is such an article helping you to understand the rational behind the harmonic patterns and its trading strategy. If you are harmonic pattern trader, then you must read this article. https://algotrading-investment.com/2019/07/07/patterns-are-the-good-predictor-of-market-turning-point/ Below is link to the automated harmonic pattern indicator. 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. 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. 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/

Understanding Gann’s Angles with Probability – Brand New Technology Gann’s Angles, aka Gann’s Fans, is popular trading concept. The idea behind Gann’s Angle is good. Gann Angles help us to measure the strength of trend based on these Angled lines. Gann’s Angle requires us to find the true 45 degree in our chart. However, in implementing the idea, there are some practical limitations. These practical limitations make it harder to use Gann’s Angle in our trading. Let us try to understand what these limitations are in using Gann’s Angle in practice. Gann tried to equate price and time in 1 to 1 scale. In pursuing this idea, many of us can make some serious mistake. It is because price and time have different unit. In Forex market, price would be expressed as pips or points. In stock market, price would be expressed in US dollar or some other currency in the case of international stock market. The standard unit for time is second, minute, and hour. Probably this is clear to everyone. Equating price and time in 1 to 1 scale is not necessarily achieved using the angle (or slope) with 1 pip to 1 second or with 1 dollar to second. There is no meaningful use for this angle (or slope) of 1 pip to 1 second or 1 dollar to 1 second. Price and time use different unit. Hence, no one would suggest that 1 pip of price should be equal to 1 second of time. There is no theoretical background behind this. When you try to equate to 1 pip to 1 minute or 100 pips to 1 hour, or 10 dollar to 5 minute, all these attempts does not make much difference. However, just saying this is not enough for you. Hence, let us try to see what happens if we are using the angle (or slope) of 1 pip to 1 minute or 10 dollar to 5 minutes in practice. Different platforms provide different implementation for Gann’s Angle – inconsistency When each platform does not agree with each other, this is bad sign for consistency. For example, Gann’s Angle drawn in one platform looks different from the other platform, even though they are fixed to the same pip per candle bar. It is not only just they look different but also each line goes through different values. You can not trade if there is no consistency in chart. The same Gann’s Angle reacts differently per symbols – inconsistency This shows exactly why we should not be using the approach like equating 1 pip to 1 second or 20 pips to 1 hour, etc. Try on multiple charts, see what happens if you apply, for example, the angle with 10 pips to 1 hour or 10 dollar to 1 hour. The purpose of angle is to have some nice spacing between diagonal lines for our trading. However, applying 10 pips to 1 hour might look good on some currency pairs but in another currency pairs, the space between angles could be too narrow or too wide. Once again, you can not trade if there is no consistency in chart. The same Gann’s Angle reacts differently per timeframe – inconsistency Say you achieved nearly 45 degree in H1 timeframe using the angle of 100 pips per candle bar. Now when you apply the same angle of 100 pips per candle bar in Daily chart, we do not get the same good 45-degree dividing price and time as we have seen in H1 timeframe. What is even worse? There is also possibility of your monitor screen resolution could play some roles in this inconsistency. For example, say that you found that good 45 degree angle in the monitor resolution of 1000 x 780, this can look different if someone is using the monitor with 2000 x 1400 resolution. For example, some good 45 degree in one resolution can look stretched or squeezed in another resolution in other monitors. Try to draw circle in one monitor, then you will see that the circle looks eclipse in another monitor as an example. All this inconsistency will provide you room for subjectivity in your trading. Many of us have learnt that subjectivity is bad for trading through expensive practical lesson, for example, losing a lot of money in the market. Now we will show you how to overcome this inconsistency and subjectivity in using Gann’s Angles (aka Gann’s Fans). Gann’s Angles with Probability In spite of this inconsistency issues in Gann’s Angle, it is hard to give up the idea of equating price and time. Gann’s Angles is one of few ideas trying to relate price and time directly in the world of trading. As a trader, we know that it could be helpful if one can really equate price and time in more consistent manner. However, this has to be done with much smaller room or no room for subjectivity because we can not trade with inconsistency. In this end, we made extensive research with many trials and errors, to find out the better way of equating price and time. In doing so, we need to find the common factor between price and time. For example, we need the same language which could be understood, in the point of price and time. The solution we find to reduce or to remove this inconsistency is using probability. Probability is universal language. Using probability, we can make sense out of both price and time. For example, 90% probability for price is equal to the 90% probability in time. In another words, we can equate price and time in fair manner using probability. This is something we can feel it much more than trying to equate some pips to candle bar or some dollar values to candle bar blindly. This idea works across different timeframe and different symbols with consistency. In practice, we use empirical probability based on available price data. Hence, there could be some discrepancy in our probability measurement. This is fact too. Yes, we know there is no perfect being in this world. However, this is minor problem in comparing to the huge roller coast experience using the angle of 10 pips per candle bar or 10 dollar per candle bar. When you use probability, you do not have to worry about picking up new value for your angle every time. You can just use one setting for every different cases. They will divide price and time with sensible space for your trading. Hence, applying Gann’s Angle is automatic with probability. What is even better? The probability measured is basically turning point probability telling you when market will reverse in price and time. Hence, you can use Gann Angles together with this probability information on your hands. Gann’s Angle will help you to measure the trend strength whereas probability will tell you the possible reversal point. In fact, you would be interesting to see how these angled lines interact together with this turning point probability in price and time dimension. Gann’s Angle with Probability is the brand new invention after our extensive research with Gann’s Angle in financial market. Fully featured Gann’s Angles with Probability is implemented and available inside Fractal Pattern Scanner. 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/

New Article – Insignificant Turning Point, Local Turning Point and Global Turning Point Here is another article explaining some useful concept for your Forex and Stock Market Trading. Of course, this is free article to improve your trading performance. The article explain what are the insignificant turning point, global turning point and local turning point when you trade with reversal trading setup. https://algotrading-investment.com/2020/06/01/insignificant-turning-point-local-turning-point-and-global-turning-point/ 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/ Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. You can get them for the affordable price. Below is links for them. 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/ Profitable Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. Below is links for them. 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/

New Article – Trading Setup with Pattern Completion Interval for Harmonic Pattern Trading Here is another article explaining some useful concept for your harmonic pattern trading. Of course, this is free article to improve your harmonic pattern trading. https://algotrading-investment.com/2020/06/01/trading-setup-with-pattern-completion-interval/ 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/ Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. You can get them for the affordable price. Below is links for them. 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/ Profitable Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. Below is links for them. 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/

Risk Management with Profitable Patterns Risk management is the most important success factor for your trading. For any trading strategy, you can not grow your capital without risk management. When you trade with Profitable patterns like harmonic pattern and elliott wave patterns and x3 patterns, this is not an exception. Profitable Pattern Scanner is using the risk management concept with Pattern Completion Interval for your trading. Please make sure that you understand the role of Pattern Completion Interval and how it can help for your trading. In Profitable Pattern Scanner, your stop loss and take profit is controlled for individual patterns. It is controlled per pattern. This is the main difference from Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Since Profitable Pattern Scanner have different categories of patterns like Elliott Wave patterns, Harmonic patterns and X3 patterns, you can apply different money management scheme if you wish. To change your stop loss and take profit, scroll down in your input. Stop Loss = 1 means that it is size of 1 x Pattern Completion Interval Box. Take Profit = 2.5 means that it is size of 2.5 x Pattern Completion Interval. Profitable Pattern Scanner provide all the historical patterns, helping you to tune your strategy. Hence, please test your strategy and change your stop loss and take profit according to your observation from your chart. We have already shown you how to test your strategy with Profitable Pattern Scanner in another article here. https://algotrading-investment.com/2019/09/18/showing-historical-patterns-in-profitable-pattern-scanner/ Here is link the Profitable 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

New Article Released – Harmonic Pattern Trading with Turning Point Probability We have released one of the important article for your practical trading in Forex and Stock market. Please make sure to read this article to enhance your trading performance. This article explains how to use Harmonic Pattern (i.e. geometric regularity) with Turning Point Probability (i.e. statistical regularity). More articles will be followed shortly. Then enjoy this free articles for your trading education. https://algotrading-investment.com/2020/04/07/harmonic-pattern-trading-with-turning-point-probability/ Also read this article “Geometric Prediction, the Bible for Successful Trading” together if you have not read yet. https://algotrading-investment.com/2020/04/05/geometric-prediction-the-bible-for-successful-trading/ Many other free articles can be found here for your profitable trading. https://algotrading-investment.com/2019/07/23/trading-education/ Below is the landing page for 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/ Below is the landing page for Optimum Chart https://algotrading-investment.com/2019/07/23/optimum-chart/

New Article Release-The Concept behind the Pattern Completion Interval When you trade with Harmonic Patterns, you need to understand the Pattern Completion Interval. Here is the free article explaining what is pattern completion interval for your harmonic pattern trading. https://algotrading-investment.com/2020/06/01/the-concept-behind-the-pattern-completion-interval/ 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/ Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. Below is links for them. 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/ Profitable Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. Below is links for them. 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/

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/

Beat Corona Virus Together Discounts for MetaTrader 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 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 Crysis. 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

Combining Gann Angles from Multiple projection Origins In this article, we will show you how to combine several Gann Angles projected from Multiple origins. Firstly, attach Fractal Pattern Scanner to your chart. Make sure that you have enabled Gann Angles mode from Fractal Pattern Scanner. Then follow these three steps. Step 1 Click peak using mouse. Click one or two Gann Angle lines to pin down them in your chart. Click over the peak again to remove all Gann Angles except the saved lines. Step 2 Click trough using mouse. Click one or two Gann Angle lines to pin down them in your chart. Step 3 All done, if you click over trough one more time, then all Gann Angle Lines will be removed except the one saved. You can use this Gann Angle Complex for your breakout or reversal trading. When you want to remove the saved Gann Angles, then just use the shortcut key “C” from your keyboard. Key “C” will clear everything from your chart and then it will recalculate everything in your chart. The attached screenshot will provide the step by step guide for above three steps. Here is another article on how to use Gann Angles for your trading. https://algotrading-investment.com/2020/04/14/gann-angles-with-probability/ Fractal Pattern Scanner provides 1. Automated Gann’s Angles (Gann’s Fan) 2. Detect Turning Point Probability 3. Fibonacci Probability Graph 4. Automated Fibonacci Expansion 5. Price Pattern detection (Confluence pattern between Mother wave and Child wave) 6. Help you trading better with Harmonic Pattern, support, resistance, triangle, falling wedge and rising wedge pattern Below is the landing page for 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/

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. Profitable Pattern Scanner for MetaTrader 4

Profitable 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/

Breakout Trading or Reversal Trading

With Fractal Pattern Scanner, you can choose to trade with both breakout and reversal price movement. Fractal Pattern Scanner does it by detecting Mother Wave and by presenting the Probability Graph. You will get some clear idea on how to do that with the attached screenshot. Detection of mother wave provides us the important clue to predict both reversal and breakout movement.

Throughout your trading career, you could be specialized in either breakout trading or reversal trading. If you are ambitious, then you can specialize in both. Here we provide two in depth articles for breakout and reversal trading. Make sure that you read these two articles before choosing the trading style.

Here is the article to use reversal trading.

https://algotrading-investment.com/2020/04/22/reversal-trading-with-fractal-wave-and-stochastic-cycles/

Here is the article to use breakout trading.

https://algotrading-investment.com/2020/05/29/breakout-trading-with-fractal-wave-and-stochastic-cycles/

Before reading above articles, please read this most basic but most important article first if you have not read yet.

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

More educational articles can be found here.

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

In terms of Fractal Pattern Scanner setting, please use this short article.

https://algotrading-investment.com/2020/05/24/fractal-pattern-scanner-trading-operation-tips/

New Article Released – Fractal Wave, Mother Wave, and Child Wave
We have released one of the important article for your practical trading in Forex and Stock market. Please make sure to read this article to enhance your trading performance. This article explains the important terminology for your trading like Fractal Wave, Mother Wave and Child Wave.

More articles will be followed shortly. Then enjoy this free articles for your trading education.

https://algotrading-investment.com/2020/04/06/fractal-wave-mother-wave-and-child-wave/

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

Below is the landing page for 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/

Below is the landing page for Optimum Chart

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

New Article Released -Turning Point, Peak, Trough, Swing High, Swing Low, and ZigZag
We have released an important article for your practical financial trading. Please make sure to read this article to enhance your trading performance. This article explains the important terminology for your trading like Turning point, peak, trough, swing high, swing low and zigzag.

More articles will be followed shortly. Then enjoy this free articles for your trading education.

https://algotrading-investment.com/2020/04/06/turning-point-peak-trough-swing-high-swing-low-and-zigzag/

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

Below is the landing page for 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/

Below is the landing page for Optimum Chart

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

New Article Released – Geometric Prediction, the Bible for Successful Trading
We have released an important article for your practical financial trading. This article will tell you how powerful your own intuition in making the scientific prediction for the financial market. Please make sure to read this article to enhance your trading performance. More articles will be followed shortly. Then enjoy this free articles for your trading education.

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

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

Below is the landing page for 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/

Below is the landing page for Optimum Chart

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

New Article Released – Breakout Trading with Fractal Wave
In the previous chapter, we have shown how to use this statistical regularity to predict the reversal movement in your trading. As you might guess, it is possible to use the same trading idea for the case of the breakout. This idea is hardly not surprising if you just understand how the probability works. For example, in the reversal trading, we were looking for the mother wave at its mature development stage. The mature mother wave is often found in the high probability area.

In case of breakout trading, we just need to reverse this logic. For example, we just need to look for the mother wave at its early formation stage. The young and fresh mother wave is likely to be found in the low probability area in the probability graph.

You can read full article here. Of course, free.

https://algotrading-investment.com/2020/05/29/breakout-trading-with-fractal-wave-and-stochastic-cycles/

Below is the landing page for 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/

Beat Corona Virus Together Discounts for MetaTrader
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
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 Crysis.

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

Harmonic Pattern Detection Indicator
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”.

Here is the list of Harmonic Pattern Indicators for MetaTrader 4 and MetaTrader 5.

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

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/6101

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

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

3. Profitable Pattern Scanner (2019)

Profitable Pattern Scanner is next generation tools to trade with profitable patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect with 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 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://www.mql5.com/en/market/product/41992

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