New Update in Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

We are now in processing stage for our new powerful update for our harmonic pattern plus and harmonic pattern scenario planner.

In our new update version 9.5, we are adding Potential Reversal Zone Type A and Type B to both harmonic pattern plus and harmonic pattern scenario Planner.

Simply speaking, Potential Reversal Zone Type A is there to help you to locate final point D of the pattern. If you wish to adjust your stop loss around this point ? Then just move the stop loss text in the chart. It will automatically adjust take profit target too.

Potential Reversal Zone Type B is there to help you to predict the future price movement.

Check the screenshot how these powerful feature can help for your trading.

So this powerful update will be on your hands pretty soon. All other powerful feature is of course there for you too.

Thanks for staying with us. Your interest and appreciation for our products are really helpful always.

To visit our website, follow the links below:

http://algotrading-investment.com

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

https://algotradinginvestment.wordpress.com/blog/

Harmonic Pattern Plus and Harmonic Pattern Scenario Planner Version 9.5

On mql5.com, now you can download:

Harmonic Pattern Plus and Harmonic Pattern Scenario Planner Version 9.5

In version 9.5, you can  show both potential reversal zone type A and type B for your trading. You can use them selectively according to your own preferences.

Concept of Potential Reversal Zone Type A and Type B can be found here.

https://algotradinginvestment.wordpress.com/2017/04/23/concept-of-potential-reversal-zone-type-a-and-type-b/

Kind regards.

If you are looking for powerful trading system and decision making tool for trading, follow the links below:

http://algotrading-investment.com

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

https://algotradinginvestment.wordpress.com/blog/

Multiple Timeframe Pattern Analysis vs Multiple Timeframe Pattern Detection

Just to help some traders to clarify these two concepts, we post this article. Multiple Timeframe Pattern Analysis and Multiple Timeframe Pattern Detection seems pretty similar concept. But there are some important difference too.

Multiple Timeframe Pattern Analysis means that you are detecting patterns from another timeframe then you put the detected patterns all in the same chart to give you the bird eye view of the market for your trading.

Multiple Timeframe Pattern Detection is just a process of detecting the patterns across different timeframe. One chart can only display the patterns detected from each time frame. You can not put all the patterns in one signal chart to have a bird eye view.

Which way is preferred for you, with our Harmonic Pattern Plus and Harmonic Pattern Scenario planner, you can have both Multiple timeframe Pattern Analysis and Multiple Timeframe pattern detection. Also our Price Breakout Pattern Scanner support for Multiple Timeframe pattern analysis too for now.

See the screenshot below for better understanding.

If you are looking for powerful trading system and decision making tool for trading, follow the links below:

http://algotrading-investment.com

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

https://algotradinginvestment.wordpress.com/blog/

New Free Ebook is available for Harmonic Volatility Line Indicator

The Harmonic Volatility Line indicator is good alternative to Gann’s Angle because it does not suffer from the chart scaling Issue. At the same time, it provides the functionality similar to Gann’s angle. Trader can apply The Harmonic Volatility Line indicator to anywhere in your chart just like applying Gann’s Angle. Harmonic Volatility Line indicator can be used for three different purpose including market forecasting, turning point prediction, supports and resistances. The detailed description about the Harmonic Volatility Line indicator can be found from the free pdf eBook:

http://algotrading-investment.com/2017/05/12/harmonic-volatility-indicator/

http://algotrading-investment.com/portfolio-item/order-risk-panel-pro/

https://www.mql5.com/en/market/product/22045

https://www.mql5.com/en/market/product/22058

Professional Signal Providing Platform for Mega Profits

If you are a Professional Trader, Prop Trading Firm, Commodity Trading Advisor or even businessman, you can expand your trading business with our dedicated Signal Providing Platform for Forex market. If you have an excellent trading system and you want to offer your signal service to literarily numerous traders in the world, here we provide just right solution with the dedicated Signal Providing Platform.

Please read more about this mega opportunity here.

http://algotrading-investment.com/dedicated-signal-trading-platform/

http://algotrading-investment.com

Market Outlook for EURUSD

We have quite interesting movement in EURUSD.

Currently 1.618 level of Elliot Wave 3 is overlapping with  Harmonic patterns entry together.

We still think this is crucial moment to watch out for EURUSD.

In addition, Harmonic Volatility Line indicator offer the cross lines around the PCI box which will act as another strong resistance.

What is even more interesting is that it is well above the median open price inside Pattern Completion Interval. This indicates that there are definitely some rooms to play by retail traders.

The question is now when the wave 3 is likely end and enter to Wave 4.

To visit our website, follow the links below:

http://algotrading-investment.com

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

https://algotradinginvestment.wordpress.com/blog/

Difference Between Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

GBPUSD Market Outlook

So we been requested to show some market outlook for GBPUSD from some of our customers.

So here is some important point. The recent big sell pressure was in fact acted as the momentum to push the price below the falling wedge.

The timing of the falling was confirmed with both Harmonic Pattern Plus and Harmonic Volatility Line indicator. Note that how these two indicators crossed.

The appearance of supply zone confirms the current weakness of GBPUSD.

More importantly GBPUSD is resting in between Line 2 of HVL indicator and the bottom line of Price breakout patterns. Price will want to breakout between these two boundaries in the future. I have circled in the yellow colour in the screenshots.

So stay stunned for further action in GBPUSD. Good luck with your trading.

Also visit our website for more interesting stuffs.

http://algotrading-investment.com/

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

Harmonic Pattern Scenario Planner Update News

Ok, so we are adding some powerful feature to our

• Harmonic pattern Plus
• Price Breakout Pattern scanner
• Harmonic Pattern Scenario Planner.

Here is what is added.

In the new version of these products, you can lock the multiple patterns in your chart. In the screenshots, three patterns are locked. AB=CD and Butterfly patterns in H1 timeframe. AB=CD pattern in D1 timeframe.

From the screenshots, you can tell that strong signal because both AB=CD in D1 timeframe and Butterfly in H1 timeframe.

Yes, you might suffered repainting and redrawing issues in the classic harmonic pattern trading before. But now, you can fully control all the repainting and redrawing issues.

Plus you can put the detected patterns across different timeframe in the single chart confirming the strong reversal signal. So here we got the most accurate and powerful harmonic pattern and price breakout pattern trading tools for you.

The identical features will be applied to Harmonic Pattern Scenario planner and Price Breakout Pattern Scanner. :)

Please visit our site for powerful trading system for your trading.

http://algotrading-investment.com/

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

How to Filter out the Pattern with Low Pattern Matching Accuracy

This is applicable to both Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Here is how to filter out the pattern with low pattern Matching accuracy.

Go to your Input setting and then set the minimum Pattern Matching Accuracy for your trading. In the screenshots, we have set to 0.9 (90%) for our trading.

This means that Harmonic Pattern Plus (or Harmonic Pattern Scenario Planner) will only show the pattern with pattern matching accuracy greater than 90% (0.9).

Typically you can set the minimum pattern matching accuracy over 80% according to your preferences. Remember that if you set the Pattern Matching accuracy too high, then you will not have many patterns to trade.

For your information, Pattern Matching Accuracy = 1 - MAPE (Mean Absolute Percent Error) in our Harmonic Pattern Plus (and Harmonic Pattern Scenario Planner).

Enjoy all the advanced features in our Harmonic Pattern Plus and Harmonic Pattern Scenario Planner for your superb trading performance.

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

http://algotrading-investment.com

Adding High Precision Control on Harmonic Pattern Plus + Harmonic Pattern Scenario planner

We are currently adding new high precision features to our Harmonic Pattern Plus and Harmonic Pattern Scenario Planner.

In the new version, you will be able to control pattern matching accuracy of the pattern on average MAPE and for each point.

In terms of the pattern detection point of view, MAPE (Mean Absolute Percent Error) can be good criteria. However even the pattern with high MAPE (averaged), you might have individual point deviated quite a lot from the ideal position. This will obviously allow some  unwanted patterns to be detected.

Therefore we decided to offer the even more precision control over your pattern detection. Now you can set the pattern matching accuracy for individual point to achieve maximum precision on your harmonic pattern detection.

Check the screenshots below.

If you are looking for highly precise Harmonic Pattern Detection tool, Harmonic Pattern Plus or Harmonic Pattern Scenario Planner are the best option.

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

http://algotrading-investment.com/

How to Filter out the Pattern with Low Pattern Matching Accuracy

This article is applicable to both Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Here is how to filter out the pattern with low pattern Matching accuracy or what you might call as bad patterns.

We offer two options to filter out bad patterns. Firstly you can use the pattern matching accuracy averaged over all five points. Secondly, you can use the pattern matching accuracy for each point. Why we give the two options ? Imagine that you have a BAT pattern with pattern matching accuracy averaged over all five points is 92% (8% MAPE). Although 92% is good accuracy, the particular points among the five points may be not as accurate as the other points.

For example, even if the pattern matching accuracy at Point C is 75%, the pattern can be still qualified when we average the pattern matching accuracy over all the five points. It is because some exceptionally good pattern matching accuracy value at point XABD can offset the 75% low pattern matching accuracy at Point C. But are we satisfied with the accuracy at Point C ?

For this reason, we have included the option for you to control the pattern matching accuracy of individual point. In our Harmonic Pattern Plus and Harmonic Pattern Scenario Planner, the detected patterns need to meet the pattern matching accuracy for these two criteria. So you can filter out bad patterns more precisely by combining these two inputs.

To actually control the pattern matching accuracy, go to your Input setting and then set the minimum Pattern Matching Accuracy for your trading (see the screenshot).

In the screenshots, we have set to 0.9 (90%) for the pattern matching accuracy averaged over all five points. We have set to 0.85 (85%) for the pattern matching accuracy for each point. The pattern completion interval comply with the pattern matching accuracy for each point. Remember that you can always control your stop loss size independently.

Typically you can set the minimum pattern matching accuracy over 80% according to your preferences. Remember that if you set the Pattern Matching accuracy too high, then you will not have many patterns to trade.

For your information, Pattern Matching Accuracy = 1 - MAPE (Mean Absolute Percent Error) in our Harmonic Pattern Plus (and Harmonic Pattern Scenario Planner).

Enjoy all the advanced features in our Harmonic Pattern Plus and Harmonic Pattern Scenario Planner for your superb trading performance. Below are the links for the Harmonic Pattern Plus and Harmonic Pattern Scenario Planner.

https://www.mql5.com/en/market/product/4488

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

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

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

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

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

How to update our Products when we have released new version

All our update for MT4/MT5 products are free of charge. when you want to get update with our products, there are two different cases.

Case 1, you have bought our products from mql5.com (through your Meta Trader terminal)

Case 2, you have bought our products from Algotrading-Investment.com (through our website)

Whichever case you are in, you will get the identical products. But the ways of updating can be different.

• Case 1:  It is best to visit this page:  http://algotrading-investment.com/install-mt4mt5-products-purchased-mql5-com/
• Case 2: It is best to visit this page:  http://algotrading-investment.com/how-to-update-your-products/

If you still do not know how to update, please feel free to contact us at:

customer.support@algotrading-investment.com

If you are looking for powerful trading system, then you can visit our website always.

http://algotrading-investment.com/

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

I am very interested in the Harmonic pattern plus & Harmon pattern scenario planner. I wonder on how many pc's can I install this software at the same time. Also a question about the difference between harmonic pattern plus and Harmonic Pattern Scenario planner. I would to study the harmonic patterns in the past (succes rate and the best target levels with the currency pairs as you described in your video on youtube). How far back in the past can I test with the Harmonic pattern scenario planner? 

Also a question about both these versions. Can I get a alert via email and in the MT5 program when a harmonic pattern is completed and also after completion and for example 1 bar of confirmation?

When receiving an alert via email do I get the info also with the price levels of the  stoploss, prz zone and target levels? The reason I ask this is that when i am at my work I can't trade so easily on my Samsung  smartphone. Do you perhaps know if the MT5 mobile software for the smartphone (android) has the ability to use the indicator Harmonic pattern plus and the Harmonic pattern scenario planner? Or is it only usable on a PC?

I have answer to your queston. Sent to your private message.

Kind regards.

Hi Young, 

just bought the indicator, is there a function that at any point of time if there is a possibility of trade/pattern, the indicator will screen capture and send it to an email? I am a full time employee, will leave my pc running at home and hope to receive alert at work. thanks!

regards

Hi. smgwee1

Harmonic Pattern Plus only support email or push notification which are just text.

We really regret that we do not support screencapture.

The things is that you can use our Harmonic Pattern Plus in multiple computers. So you can install them in another computer you want to use. For example in work PC or Virtual Remote Server, etc.

Kind regards.

Dear Young, 

there was a signal for short USDSGD last Friday, I shorted it, I realised today that the signal disappeared and was back tracked to a earlier time with successful trade.. will appreciate your explanation on this.

smgwee1

Hi. it was nice trading by the way.

Here is answer to your question.

Before trading, do not forget to press "Lock" button.

Lock button will permantely lock the pattern in your chart.

It seems you are using small screen so you can not see the lock button. But it is the left button to the H1 button.

If you click H1 button, then harmonic pattern plus will recalculate the pattern again during intracandle bar. So you need to get some familiarity with tool before you are going with it.

Please read the article here for more information.

http://algotrading-investment.com/2016/01/25/quick-guideline-for-harmonic-pattern-plus-for-starter_1-2/

http://algotrading-investment.com/2015/11/14/backtesting-potential-reversal-zone-with-harmonic-pattern-plus_ati/

Kind regards.