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Young Ho Seo  

Showing Historical Patterns in Profitable Pattern Scanner

In trading, you get your profits as good as your tools and knowledge. Profitable Pattern Scanner is the superb Harmonic Pattern and Elliott Wave Pattern Indicator using the next generation pattern detection algorithm (The first Non Repainting + Non Lagging Harmonic pattern indicator.). To understand and to test your strategy, simply increase bars to scan to some higher number like 5000 or 10,000. Initially bars to scan is set to 250 to save some computation but you can increase as many as you can to just check your strategy. Screenshot shows how to do it.

1. Optimize your Strategy per symbol and per timeframe

As you can see, Harmonic Pattern and Elliott Wave pattern will perform differently per symbol and per timeframe. Hence, check history signals per symbol and per timeframe to optimize your strategy per symbol and per timeframe. While you are studying these patterns with Profitable Pattern scanner, you will gain more and more knowledge and skills for your trading.

2. Secondary Confirmation to improve your profits

To improve success rate, make sure that you are studying various indicators and filters together with the historical signal patterns in the scanner as secondary confirmation. In my opinion, you will gain practical knowledge within few weeks whereas other harmonic pattern trader takes typically 1 to 3 years to grab knowledge of harmonic pattern trading (and 2 to 4 years for Elliott wave trading). This is great advantage with this non repainting indicator.

3. Set Bars to Scan input = default in live trading to save computation

Another important note is that make the “Bars to Scan” input to 250 after you have finished your studying with historical signal patterns. If  you leave Bars to Scan = 10,000, etc, this would be too heavy for your MetaTrader. For your live trading, set Bars to Scan = 250 or as small as possible. Since live trading results and historical signals are the same, you will not get lost anything even if you set Bars to Scan = 250 or other reasonably small number.

4. Simple and Easy to trade

Beside all this sophisticated technology running before your PC, trading with profitable pattern scanner is easy and simple to trade because of its non repainting features. Just study your charts and trade with what you see from your charts.

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



Young Ho Seo  

Harmonic Patterns, Elliott Wave Patterns and X3 Patterns

We have shown that all profitable patterns can be expressed in the structure = right swing  /left swing in RECF notation. You can check it in this article.

https://algotrading-investment.com/2019/07/09/defining-profitable-patterns/

Hence, Fibonacci price patterns (retrenchment and expansion patterns), Harmonic Patterns, Elliott Wave patterns and X3 patterns are family in this respect. As I have wrote in my book, geometric support and resistance is the relative of the family.

Profitable Pattern Pattern Scanner provides a approach to control all these profitable patterns except geometric support and resistance. Easiest way of explaining is that take all these patterns as each portfolio of your trading venture. You do not have to keep all these patterns in your portfolio. As Profitable Pattern scanner provides the way to switch on and off each pattern.

First way to manage your pattern portfolio is that to switch off patterns you do not like and keep the patterns you like only. As non repainting and non lagging indicator, you are able to test each pattern through historical patterns visually in your chart. No need to resource anything else.

Second way to manage your patterns portfolio is that to switch off patterns by their category. For example, if you are familiar and big fan of harmonic patterns, then just switch off Elliott Wave pattern category and X3 pattern category. Keep Harmonic Pattern Category in your pattern portfolio.

Third way to manage your patterns portfolio is that to modify and change patterns according to your preferences. In doing so, you need some knowledge of RECF notation. This is probably the most advanced level of managing your pattern portfolio.

https://algotrading-investment.com/2019/07/09/defining-profitable-patterns/

Also you read the book: Profitable Patterns in Forex and Stock Market for more complete explanation and complete management of your portfolio with profitable patterns.

These are the three options to manage your pattern portfolio. The profitable patterns are better when they are used together with support and resistance. This is another good point you should make a note in your trading.

Harmonic Pattern Category

*  Optimal AB=CD
*  Optimal Butterfly Pattern
*  Optimal Gartley Pattern
*  Optimal Bat Pattern
*  Optimal Alternate Bat Pattern
*  Optimal Shark Pattern
*  Optimal Crab Pattern
*  Optimal Deep Crab Pattern
*  Optimal Cypher Pattern
*  Optimal 5-0 Pattern
*  Optimal 3 Drives Pattern

Elliott Wave Pattern Category

*  Elliott Wave .1234 Pattern
*  Elliott Wave .12345 Pattern
*  Elliott Wave .12345AB Pattern
*  Elliot Wave .12345ABC Pattern

X3 Pattern Category

*  Star River Pattern
*  Trident Pattern
*  Horse Pattern
*  Eagle Pattern
*  Phoenix pattern

Profitable Pattern Scanner is the most powerful pattern recognition software in the market. Here is the link to Profitable Pattern Scanner.

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

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

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

 

Young Ho Seo  

Harmonic Pattern with Volume Zone Oscillator

Volume Zone Oscillator is one of the very few oscillator utilizing volumes. Like RSI or CCI, the Volume Zone Oscillator is a great tool to identify overbought and oversold timing for your trading. Here is free download link for volume zone oscillator.

https://algotrading-investment.com/portfolio-item/volume-zone-oscillator/

You can also use volume zone oscillator together for the secondary confirmation tool for your harmonic pattern trading. You can use this free volume zone oscillator with our harmonic pattern indicators listed here. If you are using any of our harmonic pattern indicators, then do not miss to add this free Volume zone oscillator in your technical indicator library.

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)

This is our next generation profitable Pattern Detector. This is non-repainting and non-lagging Harmonic Pattern Scanner. On top of that, this tool can detect Elliott Wave Pattern and X3 Patterns. As a bonus, this scanner can detect around 52 Japanese candlestick patterns for your trading. This is the most advanced Harmonic and Elliott wave pattern detector in the market.

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

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

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



Young Ho Seo  

New version of Profitable Pattern Scanner is updated (i.e. version 8.61).

In version 8.61, we have added Advanced Channel indicator to aid your trading decision with profitable patterns.

In default, it is enabled. However, using Channel indicator is not complusory. You can always switch off it by setting

Use Channel = false under Channel Parameter.

At the same time, you can use both regression channels and standard deviation channels according to your preferences.

If you set the width of channel = 0, then it will not draw the channel in your chart.

Enjoy this powerful channel indicator together with our profitable pattern scanner.

Young Ho Seo  

Enable Automatic Channel in Harmonic Pattern Indicator


We provided powerful automatic channel features in the Harmonic Pattern Indicator. To enable the automatic Channel Function, just set Use Channel = true under Channel Parameter inputs.

Together with Harmonic Pattern and Elliott Wave patterns, the provided automatic channel can be the great help for your trading. Enjoy this powerful features. This feature applies to Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner.

Important Note to read

For your information, the provided channel are dynamic. As new bars are arrived in your chart, it will update the size of Standard deviation and 95% intervals in real time. Please bear this in your mind when you are using the provided channel.



Young Ho Seo  

Profitable Pattern Detection on Multiple Timeframe

Profitable Pattern Scanner comes with the ability of detecting pattern across different timeframe. This feature is handy because you can scan potential buy and sell signal from one chart only. Here we show how to do it in your chart. Simply go to input setting. Then set “Use Multiple Timeframe Pattern Detection” = true. Check the screenshot for the procedure.

Of course, the pattern detection at multiple timeframe will force 6 to 9 times heavier computation on your MetaTrader. Before using this feature, please do understand the heavy computation requirement. If your computer has strong CPU and bigger RAM, then this would be no problem.



Young Ho Seo  

New Version of Profitable Pattern Scanner Coming Soon -5 Feb 2020


Feb 2020, we have released new updates for several of our products. So far, these products include Harmonic Pattern Scenario Planner, Fractal Pattern Indicator and Peak Trough Analysis. 

Please make sure to download the latest version of these products for the maximum trading performance. 

We are also planning to make new update for our Profitable Pattern Scanner for MetaTrader 4 and MetaTrader 5. 

Please stay tuned for further news. 

Link to Profitable Pattern Scanner

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/

 



Young Ho Seo  

Profitable Pattern Scanner Version 8.66 Released


We have just released Version 8.66 of Profitable Pattern Scanner.  Here is what is added in the new version of Profitable Pattern Scanner. 

If you need, now you can clear the information panel from your chart. To do so, click on "Clear" button. If you want to bring this information panel back, then click the H1 button again. See the attached screenshot for demonstration.

For the maximum trading performance, please download latest version 8.66 of Profitable Pattern Scanner. 




Young Ho Seo  

Dear Customers

We have changed the Product Name of Profitable Pattern Scanner MT4 to X3 Chart Pattern Scanner MT4.

Since we have changed the product name, you need to redownload the product in your MetaTrader.

Otherwise they may have problems with receiving future updates.

No activation will be deducted for downloading the same product on your computer.

Kind regards.

Young Ho Seo  
David Gakuya Kariuki:
Hello,if I wished to add my own pattern,what would I do?

Hi.

Use the structure of the existing pattern to modify or to add new pattern.

For this, you need to use X3 price pattern framework to change or to add new pattern.

You can find some examples.

https://algotrading-investment.com/2019/11/20/x3-pattern-framework-for-the-day-trader-in-the-financial-market-2/

https://algotrading-investment.com/2019/07/09/defining-profitable-patterns/

David Gakuya Kariuki  
YHS, what I meant is this,how do I add my unique harmonic pattern on the indicator? Do I have to delete one of your twenty patterns to insert mine?
Young Ho Seo  
David Gakuya Kariuki:
YHS, what I meant is this,how do I add my unique harmonic pattern on the indicator? Do I have to delete one of your twenty patterns to insert mine?
Yes. There are around 20 patterns in X3 chart pattern scanner. If you insert your own then one of them will be gone. 

However, there are some patterns not enabled. So you can use those patterns to add your own.
Young Ho Seo  

New Version of X3 Chart Pattern Scanner Coming For MetaTrader 4 and MetaTrader 5


In version 8.71, we reinforced the zone concept in X3 Chart Pattern Scanner. Zone is the extended concept from the Horizontal Support and Resistance in technical analysis. Zone is the great tool to decide your trading entry and exit as well as managing your risk and reward. Since we understand the importance of the zone concept, we provide the reinforced version of the Pattern Completion Interval for Harmonic Pattern and X3 Chart Pattern in the new version of X3 Chart Pattern Scanner. As before, you can lock this trading zone for the multiple timeframe analysis. New version is both applicable to both MetaTrader 4 and MetaTrader 5 products. Please download the latest version of X3 Chart Pattern Scanner from the link below.

Link to X3 Chart Pattern Scanner Download Page.

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/




Young Ho Seo  

Here is the YouTube Link for Gartly Pattern Trading: https://youtu.be/J3vjlHatUTI

You can use this study of Gartley Pattern for X3 Chart Pattern Scanner in MetaTrader version of course. 

You can just plug in this pattern structure into your X3 Pattern Scanner. But this gartley pattern is already in your X3 Chart Pattern Scanner. Hence, there is no need to worry about. 

  • N: 3, C0: 0.618 to T0: 3
  • R0: 1.272, R1: 0.382 -0.886, R2: 0.618



Young Ho Seo  

If you are using the old version of X3 Chart Pattern Scanner, then make sure to update to the latest version 8.71 of X3 Chart Pattern Scanner. 

Each pattern in X3 Chart pattern scanner can be customized and this is why X3 Chart Pattern Scanner is powerful. 

Use the latest version for the best performance. 

moonpie 84  
Hi, thank you for beautiful software! Do you have literature on the x3 patterns you discovered: optimal phoenix, optimal trident, optimal horse, optimal eagle, and optimal star river? I like to use patterns with MACD divergence and mtf wave analysis, and want to understand better if these patterns will be profitable for me. Thank you!
Young Ho Seo  
moonpie 84 #:
Hi, thank you for beautiful software! Do you have literature on the x3 patterns you discovered: optimal phoenix, optimal trident, optimal horse, optimal eagle, and optimal star river? I like to use patterns with MACD divergence and mtf wave analysis, and want to understand better if these patterns will be profitable for me. Thank you!


Yes, there are a lot of articles for X3 Chart Pattern.


For quick understanding of X3 Chart Pattern, I will recommend you to read the two articles for Harmonic Pattern and Elliott Wave below.


https://algotrading-investment.com/2022/06/22/harmonic-pattern/

https://algotrading-investment.com/2022/06/22/elliott-wave/


Next, if you want to tune or modify the pattern structure, you need a tool to visualize the chart pattern structure. 


https://algotrading-investment.com/2020/10/08/tutorial-for-chart-patterns/


Next, you can use our trading education section.


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


or you can use our book for trading education 


All our books are currently in special discount due to global inflation crisis.

Any book can be purchased in 3 dollar only. Discount for the book will last only until the campaign last.


Below we provide the title of the books at the discounted price.

Below we provide the link of the Books at the discounted price.

Young Ho Seo  

Where the power of X3 Chart Pattern comes from ?

Their power comes from the optimization capability (=fine tuning) for each harmonic pattern and chart pattern or any other pattern. 

If you buy X3 chart pattern scanner, do not just jump to the live trading without thinking about this point.

Instead, just give 10 minutes to think about money making logic behind optimization (=fine tuning) for each pattern.

Then you will be there.

Try to align your logic in profitable way.

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