Young Ho Seo / プロファイル

Main Elements Required for Winning Day Trading

These six elements are the important decider for the successful day trading. Especially if you want to use high probability trading setup, you can not miss any element among these six. You will not achieve all these overnight but you will gradually get there with some learning curve.

With these element together, the next thing you need is a good tool to trade with.

Link 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/

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/

Elliott Wave Indicator MT5

Elliott wave theory is nearly 100 years old trading strategy. However, it is still actively used by many professional traders from all over the world. We provide several Elliott Wave indicator for MetaTrader 5, the most popular platform in the world.

1. Elliott Wave Trend MT5

Elliott Wave Trend is the professional Elliott wave indicator which was released around 2016. This one allow you to perform Elliott wave counting as well as Elliott wave pattern detection. On top of them, it provides built in accurate support and resistance system to improve your trading performance. There are many other powerful features added to give you winning strategy. Please find out from the provided link page.

Here is the links to Elliott Wave Trend MT5:

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

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

2. Profitable Pattern Scanner MT5

This is our next generation profitable Pattern Scanner. This is non-repainting and non-lagging Pattern Scanner. In fact, Profitable Pattern Scanner is not exclusively Elliott wave pattern scanner. However, it can detect Harmonic patterns, Elliott wave patterns and X3 patterns. As a bonus, this scanner can detect around 52 Japanese candlestick patterns for your trading. It also provide the built in automatic channels to help you to win in the market. This is the most advanced Harmonic and Elliott wave pattern scanner in the market. You must try.

Here is link to Profitable Pattern Scanner MT5

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

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

3. Peak Trough Analysis MT5 (Free for every one)

Understanding how peak trough analysis works for your trading is the most basic but essential skill for Elliott Wave trading. Good Elliott wave trader should never miss on a training around peak trough analysis. Do not skip this is free tool. You can use this free tool with any of our products listed above.

Here is the download link for Peak Trough Analysis MT5 (Free)

www.mql5.com/en/market/product/22420

www.algotrading-investment.com/portfolio-item/peak-trough-analysis-tool

Reasons Why Day Trading is So Popular

When people have grown up savings in their bank account, people will start to look for some investment opportunity. We know that saving account is just locking up your money in your bank. However, 10 years later, the money will not grow enough to catch up the actual living expense at that time. Hence, we are living up with investing. Choice of investing is everywhere from stock market, funds, property, real estate, running your own business, and investing to your friends and family.

Among available investment alternatives, Day Trading is probably popular options. Here are the few reasons why they are so popular.

1. Easy to cash up

Think about property or real estate investment. How long it takes to sell or buy one. Even though you have the good ROI, still cashing them up is time-consuming process. In day trading, you can almost immediately cash out your position.

2. Start with little cash

With day trading, you can start up with relatively small cash comparing to other alternative investment. Buying house or running your own business will typically requires large sum of own money + borrowing money from your bank. With day trading, you can start with as much as you can afford.

3. Small Management Cost

When you are decided to run your own restaurant, this will not guarantee you the success. Say that you are successful with about 20% return on your investment yearly. This is good return for any restaurant owner probably. However, amount of management cost is high. You have to manage people, paper works, customers, recipes, your sales, etc. High management cost means headache for us. Day trading does not have much management cost. You just need to trade by yourself. Often skilled and disciplined day trader can readily break the 20% ROI or even 30%.

4. No discrimination

Market is fair to everyone. In day trading, there is obviously less human problem comparing to typical full time job. No gender or age matters in day trading. This means that once you are skilled in day trading, you can take it as your long running career.

This post is belongs to http://www.algotrading-investment.com, the finest tool and system maker for Forex and Stock market trader. Later we will introduce what you need to get your winning career in day trading.



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

https://algotrading-investment.com/our-products-list/

Home of Forex and Stock Market Trader
Algotrading-Investment.com is Home of Forex and Stock Market Trader. We provide the most informative trading guide for your Forex and Stock Market. If you want to save tons of money before trading, please go through these books first. These books are available from the most of book distributors in the world including amazon.com and Scribd, Apple Book Store, etc.

● Profitable Patterns in Forex and Stock Market (Essential Trading Guide in 12 Hours)

Amazon: https://www.amazon.com/dp/B07VQKLSNW

https://algotrading-investment.com/portfolio-item/profitable-patterns-in-forex-and-stock-market/

● Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)

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

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

● Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)

Amazon: https://www.amazon.com/dp/B073T3ZMBR

https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/

At the same time, we provide you the premium Trading System and Tool for your trading in MetaTrader 4 and MetaTrader 5. These MetaTrader tools are used by over several thousands professional Forex trader from all over the world.

https://algotrading-investment.com/our-products-list/

Harmonic Pattern Indicator
Elliott Wave Pattern Indicator
Excessive Momentum Indicator
Price Breakout Pattern Scanner
Advanced Price Pattern Scanner
Advanced supply and demand zone indicator

Trading Price Patterns

Advanced Price Pattern Scanner and Price Breakout Pattern Scanner are the powerful tools to trade with Price Patterns. To improve its trading performance, you might use other technical indicators to assist your trading decision. However, you can also use Peak Trough Analysis tool together.

I use this Peak Trough Analysis together with Advanced Price Pattern Scanner and Price Breakout Pattern Scanner. I basically try to find the intersection or overlapping of the patterns detected by indicator and by peak trough analysis. This approach hybridizes the price pattern trading. This approach can help to detect the true breakout direction.

Here is the download link for the free Peak Trough Analysis Tool for MetaTrader 4 and MetaTrader 5. They are absolutely free. Make sure to spend some time on Peak Trough Analysis tools to get comfortable with them.

https://www.mql5.com/en/market/product/23797

https://www.mql5.com/en/market/product/22420

https://algotrading-investment.com/portfolio-item/peak-trough-analysis-tool/

Below are the links to Advanced Price Pattern Scanner.

https://www.mql5.com/en/market/product/24679

https://www.mql5.com/en/market/product/24678

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

Below are the links to 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/

Difference between Harmonic Pattern Plus and Profitable Pattern Scanner


Harmonic Pattern Plus and Profitable Pattern Scanner are the great Harmonic Pattern Indicator for your Forex trading. However, you might want to know what are the difference between them.

In Harmonic Pattern Plus, you can only detect Harmonic Patterns.

In Profitable Pattern Scanner, it can detect Harmonic Patterns + Elliott Wave Patterns + X3 Patterns.

In Profitable Pattern Scanner, you can even add new patterns if you wish. You can construct any patterns as outlined here.

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

In terms of pattern detection algorithm, Harmonic Pattern Plus uses the classic pattern detection algorithm whereas Profitable Pattern Scanner uses non repainting and non lagging algorithm (i.e. the latest technology).

On top of these difference, Profitable Pattern Scanner provides you more advanced Channel features for your trading.

In summary, Profitable Pattern Scanner provides you more features and enhanced harmonic pattern trading for your trading.

Below are the Links 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/

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/

Great MetaTrader Indicator List 2019

Here is the great collection of MetaTrader Indicator List for 2019. Each indicator is designed to give you higher accuracy and performance improvement for your trading in your MetaTrader terminal. The indicators range from popular Harmonic Pattern and Elliott Wave pattern indicator to Hard Core Math based Algorithm. We provide the short description and link to the product page for each MetaTrader indicator. We also include the link to Free MetaTrader indicators on the bottom of this page.

1. Advanced Price Pattern Scanner

Advanced Price Pattern Scanner for MetaTrader (MT4/MT5)

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

2. Harmonic Pattern Plus

Harmonic Pattern Indicator for Metatrader (MT4/MT5)

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

3. Harmonic Pattern Scenario Planner

Harmonic Pattern Scanner for Metatrader (MT4/MT5)

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

4. Profitable Pattern Scanner

Non Repainting Harmonic Pattern and Elliott Wave Pattern Scanner for Metatrader

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

5. Mean Reversion Supply Demand

Supply/Demand Zone Metatrader (MT4/MT5) Indicator

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

6. Price Breakout Pattern Scanner

Price Pattern Scanner for MetaTrader (MT4/MT5)

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

7. Elliott Wave Trend

Elliott Wave Trend is a MetaTrader indicator designed for turning point and trend analysis in elliott wave identification and prediction.

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

8. Excessive Momentum Indicator

Excessive Momentum Indicator is advanced momentum trading indicator designed to detect potential trading opportunity attributed by market anomalies.

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

9. Precision Support Resistance

Precision Support Resistance is an advanced Support and Resistance Indicator for MetaTrader (MT4/MT5)

https://algotrading-investment.com/portfolio-item/precision-support-resistance/

10. Equilibrium Fractal Wave Analytics

Equilibrium Fractal Wave Analytics is an Advanced Fractal Wave Indicator for MetaTrader (MT4/MT5).

https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/

11. EFW Pattern Trader

Non Repainting Harmonic Pattern Scanner for Metatrader (MT4/MT5). Historical patterns are not available.

https://algotrading-investment.com/portfolio-item/efw-pattern-trader/

12. Pair Trading Station

Pair Trading Station is the Advanced Pair Trading Scanner for MetaTrader (MT4/MT5) and Fully computerized algo trading tool.

https://algotrading-investment.com/portfolio-item/pair-trading-station/

13. Turning Point Detector

Turing Point Detector is an advanced Turning Point Indicator for MetaTrader (MT4/MT5)

https://algotrading-investment.com/portfolio-item/turning-point-detector/

14. Volume Spread Pattern Indicator

Volume Spread Analysis Indicator for MetaTrader (MT4/MT5) with supply and demand logic.

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/

15. Harmonic Volatility Indicator

Harmonic Volatility indicator is an Advanced Volatility indicator with MetaTrader (MT4/MT5) applying fibonacci patterns to volatility.

https://algotrading-investment.com/portfolio-item/harmonic-volatility-indicator/

16. Other Free MetaTrader Indicators

You can also access the free MetaTrader indicators from below links:

https://algotrading-investment.com/product-category/free/

Support and Resistance with Harmonic Pattern Indicator
Support and resistance are the most important concept for your trading. Support and resistance can be effectively combined with Harmonic Pattern Indicator to improve your trading performance. This is not about the number but about geometry. Your ability to combine these geometry together with Harmonic Pattern Indicator can typically form the secret trading recipes for your successful career. Here is the list of tools that can go together with your harmonic pattern indicator.

Mean Reversion Supply Demand

Classic supply and demand zone indicator. This tools is the great to produce highly accurate support and resistance levels.

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/

Ace Supply Demand Zone

This is also great support and resistance tool extending the ability of Mean Reversion Supply Demand. What is even better? This is non repainting one. This is the great tool for different level of trader.

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/

Using Harmonic Pattern Plus and Profitable Pattern Scanner Together

Harmonic Pattern plus and profitable pattern scanner are the great harmonic pattern detection indicator. Some trader asked me if they can use Harmonic Pattern Plus and Profitable Pattern Scanner together.

The short answer is yes. It is possible to combine them. Even though both indicators detect harmonic patterns, they are using completely different pattern detection algorithm. Harmonic pattern Plus uses the classic pattern detection algorithm whereas Profitable Pattern Scanner uses non repainting pattern detection algorithm (i.e. latest pattern detection technology).

There can be some overlapping in the detected patterns. However, there are also many different patterns can be detected. If both indicator detect the same patterns, then the patterns are often more accurate. At the same time, with non overlapping patterns, you have less chance to miss out the good signals.

When you want to use channel function together with Harmonic Pattern, then use the channel function in Profitable Pattern Scanner because it is more advanced version.

Of course, the same thing applies to Harmonic Pattern Scenario planner.

Link 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/



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/

EURUSD Market Outlook – 8 Nov 2019
USD is pretty strong today. This is leading bearish sentiment over many currencies in Forex market. We know that EURUSD is bearish in long term. With today’s sentiment together, EUR could be weak for some time. EURUSD is getting close to its absolute support at 1.1000 level. Also watch out US and Chinese trade deal.

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/

Conquer Profitable Patterns for Forex
Pattern study is the different animal for your trading in comparison to technical indicators. It is the ultimate tool to solve the market geometry for the Forex and Stock market trader. We went beyond any individual in developing the powerful Pattern detection indicators and scanner in last 10 years. These tools are already appreciated by top professional trader in the world. We supply these powerful pattern detection indicator and pattern scanner in both MetaTrader 4 and MetaTrader 5.

1) 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/

2) 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/

3) Profitable Pattern Scanner

This is our next generation profitable Pattern Detector. This is non-repainting and non-lagging Harmonic Pattern Indicator. On top of that, this tool can detect Elliott Wave Pattern and X3 Patterns. It can detect over 20 profitable patterns. The bonus is that you can also detect around 52 Japanese candlestick patterns. In addition, we have added the powerful channel function for more accurate buy and sell decision making.

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/

Together with above indicators, you can also use Volume Spread Zone analysis. Our volume spread analysis is free tools you can use. This means absolutely free to download and to use.

https://algotrading-investment.com/2019/09/06/harmonic-pattern-with-volume-zone-oscillator/

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, etc. 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. Yet, the price of it is affordable.

With Elliott Wave Trend, you can also share your analysis with your Friend and clients through Elliott Wave Reader.

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version.

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

Link to Elliott Wave Trend.

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

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

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

Harmonic Pattern Indicator Explained (Must Read for Harmonic Pattern Trader)

There are several variations of Harmonic pattern indicators in history of Price Action and Pattern Trading community. Not all the harmonic pattern indicators are the same. In the past the main variations of Harmonic pattern indicators can be categorized as following three different types.

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.
Type 2: Lagging (slow signal) but non repainting – no option to enter at turning point. Indicator does not show the failed pattern but last pattern does not repaint.
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 until the point D. Pattern may not achieve point D. Indicator does not show the failed pattern and last pattern can repaint.
Type 1. Non lagging (fast signal) but repainting

First type is non lagging but repainting harmonic indicators. This sort of Harmonic pattern indicator is the typical harmonic pattern indicators used by many traders. The advantage is that you do get the signal early as possible. You have an opportunity to trade from the turning point all the ways down to the continued trend. The disadvantage is that you are not able to test your strategy in chart because this type of harmonic pattern indicator does not show the entry of the failed patterns in chart but only successful one. In fact, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner are under this category. They would provide the fastest signal but you will not able to test your strategy in your chart because they do not show the failed entry in chart.

Type 2. Lagging (slow signal) but non repainting

The second type is that lagging but non repainting. Some people use pretty words like minimal lag Harmonic pattern indicator or etc. But really lagging is just lagging. You can not make it really pretty though. As the literal meaning of lagging indicates, this type of harmonic pattern indicators provide you the lagging signal comparing to the first type. It will only provide you the signal after some times passed the turning point. Hence, you do not have an option to consider your entry from turning point. Depending on the pattern size, sometimes, the lagging can be only several bars but it can range up to several dozens of bars like 30 or 60 bars. Sometimes, your entry might be at the first reversal after the turning point. Hence you have be careful with this sort of entry. The advantage is that you will not experience repaint with the latest pattern though. I am not sure if non repainting property can offset the disadvantage of lagging signals because professional harmonic pattern traders are looking for the turning point entry.

Type 3. Detecting pattern at point C but repainting

The third type is that detecting pattern at C point completion not at D point completion. This type of Harmonic pattern indicator do exists. This type of Harmonic Pattern indicators detect patterns way too early at the point C. For this reason, you have to wait quite some time to trade at point D. If you are trade on higher time frame like H1 or H4 or D1, you might have to wait at least half days to several days. You might run out of your patience quickly with this type of Harmonic Pattern indicator by just waiting and waiting. Since, it is detecting pattern at point D, you are not able to see any failed entry in your chart either. So it does repaint. What is worse is that the pattern can be disappeared while you have been waiting some time. You are just wasting your time in this case.

Some people asked me if they can trade from point C to D. The answer is no because we only recommend to trade patterns after we have done intensive research. We did not do research on trading from point C to D.

By summarizing above three types of harmonic pattern indicator, we can draw some interesting conclusion. Non lagging means repainting and lagging means non repainting. There seems to be some balance between fast signal and repainting issues. It might be the universal or physical law.

4. Main problem of Harmonic Pattern Trading for starter

At the moment, the main problem of Harmonic pattern trading is that indicator or scanner does not show the failed patterns in chart. In fact, no harmonic pattern indicator or scanner shows anyway. Hence this is not the problem for you only but for entire harmonic pattern trader ( also including Elliott Wave pattern trader too). Because Harmonic pattern indicators (Type 1, 2 and 3) show only successful patterns in chart, some people take them as true success rate. This look like success rate of 90% or something.

But, this is not the true success rate. There are many failed patterns and they are just not shown in chart. Then why harmonic pattern indicator or scanner do not show the failed patterns in chart? Is it because we want to hide the failed patterns in the intention to show some false information to trader? Answer is no and never. We are all honest people. Simply it was considered as being impossible to create such a pattern detection algorithm showing failed patterns in chart. So the reason was simply because of the technological barrier.

Hence, experienced Harmonic pattern trader live with this fact every day including myself and others because no such a tool showing failed historical pattern in chart anywhere. We just use our experience to fill the missing information about the failed patterns.

For starters, however this makes difficult to visually understand and test strategy with patterns from chart. They have to rely on external source to learn strategy. This is hard for starters and even for experienced harmonic pattern trader. Sometimes, starters believe that harmonic pattern indicator provide the success rate that was counted from successful patterns only in chart like 90% or something as they do not know that harmonic pattern indicator (Type 1, 2 and 3) does not show failed patterns in chart.. This should be not the right motivation to get involved with harmonic pattern trading. The right motivation to trade with harmonic pattern is that you have an option to trade from turning point.

Now the question, can we have non lagging and non repainting harmonic pattern indicator showing failed historical patterns in chart? The answer is yes. We have broken the critical technological barrier. Now you can have non repainting and non lagging harmonic pattern indicator giving you the true success rate in your chart.

This would be great guidance and trading resource on its own. Because you can easily learn how to use pattern together with other technical and fundamental tools, this would relieve strategy concern for all harmonic pattern trader. You have to remember that non repainting and non lagging harmonic pattern indicator is superior than above three pattern indicators (Type 1, 2 and 3). However, because non repainting and non lagging harmonic pattern indicator shows failed patterns in chart, you might get the opposite perception. Please don’t. Repainting or lagging harmonic pattern indicator (Type 1, 2 and 3) will have equally bad or even more number of failed patterns comparing to non repainting and non lagging one.

For your advantage, it is always better to work with the indicator giving you the realistic success rate for your trading. Then you will quickly learn how to improve your trading. In long run, non repainting and non lagging harmonic pattern indicator is definitely good one to stick with. You can add extra filter or other secondary confirmation. These efforts are real because you can measure the realistic outcome with non repainting and non lagging indicator. Remember that you can readily find out the true winning system with non repainting and non lagging harmonic pattern indicator whereas it is very hard for repainting or lagging indicators (Type 1, 2 and 3).

5. Can we have non lagging but non repainting Harmonic pattern Indicator?

Now the question, can we have non lagging and non repainting harmonic pattern indicator? The answer is yes. This is the next generation of Harmonic pattern indicator which was born from intensive scientific research. We shipped the technology to our Profitable Pattern Scanner. We have provided it for the first time in history.

This type of non repainting and non lagging indicator will provide you the fastest signal entry like first type of harmonic pattern indicator. At the same time, it will show you the failed entry in your chart. Hence you can build and tune your strategy in your chart with other technical indicators at ease or even in backtesting mode. Since you can trade as you see from chart, the confidence of your trading will increase dramatically. This is the true hybrid of all above three types of harmonic pattern indicators. With little bit of knowledge on Pattern Completion Interval, you could take the entry at your favored risk to rewards ratio. We also provide Potential Continuation Zone to perfect your harmonic pattern trading. You can watch video below for more information.

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

Below is the direct link to our 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/

GBPUSD Market Outlook - 7 Nov 2019

As Bank of England Governor Carney speaks, GBPUSD is fluctuating strong. GBP is weak today even though BOE determined to keep the Bank Rate maintained at 0.75%. In the screenshot we have outlined two resistance levels at 1.2840 and 1.2875 and one support at 1.2810. 

Link 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/

Mean Reversion Supply Demand – How to Remove Stop Loss and Take Profit 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/

Scan and search future harmonic patterns with Harmonic Pattern Scenario Planner
Harmonic Pattern Scenario Planner is a tool you can scan and search future harmonic patterns in just one button click. It would detect any potential future harmonic patterns in your search range using the algorithm like Monte Carlo simulation. You can even get the potential take profit and stop loss of the future patterns even before they form. What is even more, you can use all the features and functionality of harmonic pattern plus from your harmonic pattern scenario planner too.

Have watched this interesting movie called “Next” ? Check out the guy can see the few minutes into the futures. How powerful the 2 minutes vision for future is. Predicting future is very tactical game but it is hard because future keep changing based on the presents. However, it is definitely an interesting game. As a trader, you can gain a lot of advantage over other traders by predicting futures.

http://www.imdb.com/title/tt0435705/

This movie like predicting concept was equipped in our Harmonic Pattern Scenario Planner. check the power of predictive harmonic pattern. We are only one selling this future predictive harmonic pattern scanner in the universe.

http://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

Profitable Patterns in Forex Market
Recognizing Profitable Patterns can do a lot more than just using some technical indicators. You will find that these profitable patterns will help your trading immensely in different angle from the technical indicators. Of course, you will need some guide before you understand how these profitable patterns work for your trading. Do not be mean to take some time to practice these methods. This could be the game changer for your trading career. If you want to become successful trader, you need both knowledge and practice on how these profitable patterns works for your trading. Below are the link to the book.

Link to Book 1: https://www.amazon.com/dp/B07VQKLSNW/

Link to Book 2: https://books2read.com/u/m0rgOW

We do have some automated tools in detecting these profitable patterns for your trading too. Below are the links to the two of these automated profitable pattern detection indicator for your trading designed in Metatrader 4 and MetaTrader 5 platform.

Harmonic Pattern Scenario planner

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/

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/

Elliott Wave Indicator for MetaTrader 4
For Elliott Wave Trader, it is necessary to have a good Elliott Wave tools for your trading. It is because Elliott Wave theory is not easy to be completed manually. However, once you understand its trading principle, Elliott Wave can advance your trading performance pretty fast. They do provide the great approach to solve the geometric puzzle in the forex and stock market. We provide two Elliott Wave tools in MetaTrader 4 platform.

MetaTrader 4 is one of the most popular trading platform since 2010. It is accessible for free of charge for any trader from all over the world. We provide two powerful Elliott Wave Indicators for this platform. Hence, you have two choice in selecting Elliott Wave Indicators for your trading. These tools are already used by thousands professional trader in day to day operation.

1. Elliott Wave Trend for MetaTrader 4

Elliott Wave Trend is extremely powerful Elliott wave indicator. This indicator allows you to perform Elliott wave counting as well as Elliott wave pattern detection. All these are the essential steps in predicting market with Elliott Wave theory. On top of them, it provides built in support and resistance system and turning point strength indicator to improve your trading performance. Yet, there are many additional features for you to explorer inside this technical indicator.

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

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

2. Profitable Pattern Scanner for MetaTrader 4

Profitable Pattern Scanner is not exclusively Elliott wave tool but it contains some Elliott Wave pattern features in it (it detects Harmonic Patterns, Elliott Wave Patterns, X3 Patterns). Primarily, Profitable Pattern Scanner is specialized tools in detecting profitable patterns including Harmonic Pattern and Elliott Wave Patterns. It is great tool if you want to use both Harmonic Pattern and Elliott Wave patterns in one tool. The added bonus is that Profitable patterns scanner contains Japanese candle stick patterns and advanced channel features.

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

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

In summary, both tools are the high performance trading system. However, if you want to use Elliott wave trading exclusively, then you should go for Elliott Wave trend. If you do not mind both Elliott Wave and Harmonic Pattern Trading, then you should use Profitable Pattern Scanner.

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

http://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/

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

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/