Young Ho Seo / Профиль

ABC of Breakout Trading with Fractal Pattern

Here we introduce ABC of Breakout Trading with Fractal Pattern. Fractal Pattern is the ultimate tool to predict Fractal Wave in the financial market. We are not talking about the Fractal indicator by Bill Williams. Fractal indicator does not adapt the fractal wave since the indicator is not alternating peak and trough in turn. However, we are talking about more like Elliott Wave pattern, which encompasses small waves inside bigger wave.

We call this big fractal wave made up from several mini waves as the Mother Wave. We call the mini waves inside the mother wave as child waves. In Fractal Pattern Scanner, detecting of highly probable breakout pattern is an automatic process. Hence, you will notified when the potential breakout pattern is detected. When the breakout pattern is detected, we need to understand what is the A, B, C to trade with breakout. A, B and C are all expressed as the number of bars for easy application in practice. We count the bars from the latest bar to backwards. For example, 2 bar ago in H1 timeframe means that it references the bar in 2 hours ago. Here is the brief description of A, B and C for trading breakout in terms of their time reference.

A: Position of the origin (peak or trough) of the breakout: This is the important reference for breakout because this is the first fixed reference position before breakout happens.

B: the current position of breakout (peak or trough) after the profit was running for sometime.

C: Distance between origin of breakout and current position of breakout ( A-B =C)

Hence, with A, B and C, we have the following relationship of A – B = C. A, B, C helps you to recognize if the signal is how fresh or mature for your trading. For example, if the distance C is small, it means that it is fresh and young opportunity to trade. If the distance C is large, it means that the breakout signal was running for some profit already.

For working example in H1 timeframe, 52 – 2 = 50 indicates that the origin of Breakout was 52 bar ago (i.e 52 hours ago) and current position of breakout is 2 bar ago (i.e. 2 hour ago). Hence, the distance C is 50 bar (50 hours.).

Up to this point, someone might question back why not using the actual breakout at the breakout level as the time reference ? Yes, it could be valid thinking. However, counting the actual breakout at the breakout level is fuzzy. Sometime, price might just touch the level, pull back for sometime and revisit the breakout level, etc. Around this area, all sort of things can happen. However, peak and trough before breakout happens provides the fixed reference point for the breakout.

We hope that with this simple article, you can understand how peak and trough analysis is connected to Breakout Trading. Please check the screenshot to find out ABC of breakout trading. The screenshot combines two screenshots. First screenshot shows when the breakout was just detected in EURUSD H1 timeframe. Second screenshot shows the breakout ran for profit for sometime in the same chart. You will find this is almost easy as ABC with the screenshot.

Here is the landing page to our Fractal Pattern Scanner. With Fractal Pattern Scanner, all the breakout trading opportunity detection is automatic.

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 Detection Indicator MT4

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”.

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 a range of powerful harmonic pattern detection indicator particularly for MetaTrader 4 platform. Below is the list:

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://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/6240

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

3. Profitable Pattern Scanner (2019)

Profitable Pattern Scanner is next generation tools to detect profitable patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect 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 detection 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://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

MetaTrader Price Breakout Pattern Scanner
We provide several Price Breaout Pattern Scanner with different features in MetaTrader 4 and MetaTrader 5 platform. This is the simple introduction for each price breakout pattern scanner. Breakout trading is one of the most popular trading strategy as with reversal (i.e. turning point) strategy in the swing trading community.

1. Price Breakout Pattern Scanner for MetaTrader 4 and MetaTrader 5

Price Breakout Pattern Scanner is the popular Breakout Pattern Scanner with affordable price with many powerful features. It can detect Triangle, Falling Wedge, Rising Wedge pattern, Head and Shoulder Pattern, Double top and Double Bottom. As a added bonus, you have access to 52 Japanese candlestick pattern + Smart Renko. However, this scanner can repaint. It does not support multiple timeframe pattern scanning.

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/

2. Advanced Price Pattern Scanner for MetaTrader 4 and MetaTrader 5

Advanced Price Pattern Scanner is our another popular breakout pattern scanner. It can detect Triangle, Falling Wedge, Rising Wedge pattern, Head and Shoulder Pattern, Double top and Double Bottom. In addition, it can detect cup and handle patterns. Advanced Price Pattern Scanner is non repainting. + It provides the multiple timeframe pattern scanning. Hence, you can consider this as more advanced version of Price Breakout 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/

3. Fractal Pattern Scanner for MetaTrader 4 and MetaTrader 5

Fractal Pattern Scanner is our next generation price breakout pattern scanner. Unlike previous two price breakout pattern scanner detect price patterns like triangle and wedge patterns, Fractal Pattern Scanner detect the price breakout pattern using Statistical method with Elliott Wave like concept (i.e. Mother Wave and Child Wave). Hence, there is a huge difference in the detection of breakout patterns in Fractal Pattern Scanner from rest. However, Fractal Pattern Scanner is the powerful breakout pattern scanner as it provides the reversal (i.e. turning point) trading opportunity too. Fractal Pattern Scanner also support Multiple timeframe pattern scanning.

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

Trading with Equilibrium Fractal Wave

If you want to become a successful trader, understanding Fractal Wave is a must. Below articles explains the general characteristics of Equilibrium Fractal Wave. In addition, these articles explains how to use the general characteristics of Fractal Wave for your trading.

● Introduction to EFW Index for trading

https://algotrading-investment.com/2020/06/04/introduction-to-efw-index-for-trading/

● Trading with the Shape ratio of Equilibrium Fractal Wave

https://algotrading-investment.com/2020/06/04/trading-with-the-shape-ratio-of-equilibrium-fractal-wave/

● Introduction to Equilibrium Fractal Wave (EFW) Channel

https://algotrading-investment.com/2020/06/04/introduction-to-equilibrium-fractal-wave-efw-channel/

● Practical Trading with Equilibrium Fractal Wave (EFW) Channel

https://algotrading-investment.com/2020/06/04/practical-trading-with-equilibrium-fractal-wave-efw-channel/

● Superimposed Equilibrium Fractal Waves

https://algotrading-investment.com/2020/06/04/superimposed-equilibrium-fractal-waves/

● Combining the Shape Ratio Trading and (EFW) Channel

About this Article

This article is the part taken from the draft version of the Book: Scientific Guide To Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). This article is only draft and it will be not updated to the completed version on the release of the book. However, this article will serve you to gather the important knowledge in financial trading. This article is also recommended to read before using Price Breakout Pattern Scanner, Advanced Price Pattern Scanner, Elliott Wave Trend, EFW Analytics and Harmonic Pattern Plus, which is available for MetaTrader 4 and MetaTrader 5 platform.

Below is the landing page for Price Breakout Pattern Scanner, Advanced Price Pattern Scanner, Elliott Wave Trend, EFW Analytics and Harmonic Pattern Plus. All these products are also available from www.mql5.com too.

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

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

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

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

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

MT4 Harmonic Pattern Scanner

In the modern electronic trading environment, good tools are the priority for winning trading performance. MT4 Harmonic Pattern Scanner is such a tool you must have in your trading arsenal. 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 a range of powerful harmonic pattern scanner particularly desinged for MetaTrader 4 platform.

1. MT4 Harmonic Pattern Plus

One of the first automated Harmonic Pattern Scanner 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.

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

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

2. MT4 Harmonic Pattern Scenario planner

It is an advanced Harmonic Pattern Scanner. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern scanner designed for Professional harmonic pattern trader.

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

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

3. MT4 Profitable Pattern Scanner

This is our next generation Harmonic Pattern scanner. This is non-repainting and non-lagging Harmonic pattern scanner. On top of that, this tool can detect Elliott Wave Pattern and X3 Patterns. It can detect over 20 profitable patterns. 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/

New Version of Fractal Pattern Scanner coming – 9 June 2020

We are currently working on the new version of Fractal Pattern Scanner. We are trying to improve its signal part for your convenience.

In the new version, the detected breakout signal (mother wave) will be described in terms of A – B = C.

Respectively, A, B and C are described as below:

A: How many bar ago the origin (peak or trough) of the breakout was detected

B: How many bar ago the current position of breakout (peak or trough) was detected

C: Distance between origin of breakout and current position of breakout ( A-B =C)

Therefore, with C, you can find out how fresh or mature the breakout signal is immediately. Smaller distance (C) means the fresh breakout to enter. Depending on the market condition, you can also enter the breakout while it is running too.

We have described this breakout trading example of A-B = C in the screenshot 1 and screenshot 2.

Screenshot 1 was created when the breakout signal was just given from Fractal Pattern Scanner in EURUSD H1 timeframe.

Then in Screenshot 2 was created after the breakout was running for profit for sometime in the same chart.

In both screenshot, you can tell how A-B = C works for your breakout trading.

Stay tuned for further news about this update. We are working to deliver you the profitable system in your hands.

Here is the landing page to our 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/

Support and Resistance

As a trader, I can not emphasize enough about the importance of support and resistance. Support and resistance is the most popular technical analysis tool in the world of trading. Furthermore, the concept of support and resistance are the basis of many advanced trading strategies too. In fact, many of the advanced trading strategies taught in this book including Harmonic Pattern and Elliott Wave are also partly based on the concept of support and resistance. If you do not have good understanding over the support and resistance, it is recommended staying away from the day trading. Many educational materials do mention about support and resistance but in brief. Different textbooks only discuss them in several different angles and it is difficult to find some unified language talking over the support and resistance. Many book will suggest that support and resistance consists of three or more points touching the same line. On the other hand, some book might mention that support and resistance are the respective levels that you should watch out for your trading. They are correct. However, comparing to its mega popularity, most of the textbook provide the very brief description only. As in the Fibonacci analysis, support resistance is another technique lacks with scientific relevance. In this book, we will use the concept of the Equilibrium Fractal-Wave to visualize the price action around the support and resistance. At the same time, the visualized price action can be further used to derive entry and exit for your trading. In addition, we will show you several important classes of support and resistance for your trading. To visualize the price action around the support and resistance, we use the Peak Trough Transformation with ZigZag indicator. We use the free Peak Trough Analysis tool from the website: www.algotrading-investment.com.

● Horizontal Support and Resistance

https://algotrading-investment.com/2020/06/04/horizontal-support-and-resistance/

● Diagonal Support and Resistance

https://algotrading-investment.com/2020/06/04/diagonal-support-and-resistance/

● Identification of Support and Resistance with the Template and Pattern Approach

https://algotrading-investment.com/2020/06/04/identification-of-support-and-resistance-with-the-template-and-pattern-approach/

About this Article

This article is the part taken from the draft version of the Book: Scientific Guide To Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). This article is only draft and it will be not updated to the completed version on the release of the book. However, this article will serve you to gather the important knowledge in financial trading. This article is also recommended to read before using Price Breakout Pattern Scanner, Advanced Price Pattern Scanner, Elliott Wave Trend, EFW Analytics and Harmonic Pattern Plus, which is available for MetaTrader 4 and MetaTrader 5 platform.

Below is the landing page for Price Breakout Pattern Scanner, Advanced Price Pattern Scanner, Elliott Wave Trend, EFW Analytics and Harmonic Pattern Plus. All these products are also available from www.mql5.com too.

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

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

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

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

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

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/

Elliott Wave Trading Below articles will provide a guide to count Elliott Wave using scientific approach. Applying the scientific approach helps to reduce the subjectivity involved in Elliott Wave counting. Hence, you can reproduce your trading outcome over and over. ● Introduction to the Wave Principle https://algotrading-investment.com/2020/06/04/introduction-to-the-wave-principle/ ● Scientific Wave Counting with the Template and Pattern Approach https://algotrading-investment.com/2020/06/04/scientific-wave-counting-with-the-template-and-pattern-approach/ ● Impulse Wave Structural Score and Corrective Wave Structural Score https://algotrading-investment.com/2020/06/04/impulse-wave-structural-score-and-corrective-wave-structural-score/ ● Channelling Techniques https://algotrading-investment.com/2020/06/04/channelling-technique-elliott-wave/ About this Article This article is the part taken from the draft version of the Book: Scientific Guide To Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). This article is only draft and it will be not updated to the completed version on the release of the book. However, this article will serve you to gather the important knowledge in financial trading. This article is also recommended to read before using Price Breakout Pattern Scanner, Advanced Price Pattern Scanner, Elliott Wave Trend, EFW Analytics and Harmonic Pattern Plus, which is available for MetaTrader 4 and MetaTrader 5 platform. Below is the landing page for Price Breakout Pattern Scanner, Advanced Price Pattern Scanner, Elliott Wave Trend, EFW Analytics and Harmonic Pattern Plus. All these products are also available from www.mql5.com too. https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/ https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/ https://algotrading-investment.com/portfolio-item/elliott-wave-trend/ https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/ https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

Optimum Chart New Version 1.85 Released
We have just released Optimum Chart version 1.85. In new version 1.85, you have access an Fractal Pattern Scanner. That helps you to detect Breakout trading opportunity and reversal trading opportunity (with Mother wave detection).

In new version 1.85, Fractal Pattern Scanner support for the multiple timeframe mode. Hence, you can scan the trading opportunity with Mother wave across multiple timeframe.

Another improvement we made is that from version 1.85, you will be automatically notified new update from Optimum Chart directly. This is another convenient feature for your trading.

Make sure to download the latest version 1.85 of Optimum Chart for the maximum trading performance.

Below is the link to Optimum Chart.

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

https://algotrading-investment.com/

Harmonic Pattern Scanner
Harmonic Pattern Scanner is the automated tool to detect harmonic patterns. Here is very simple explanation on type of pattern detection algorithm behind Harmonic Pattern Scanner. Not all the harmonic pattern detection algorithms are the same. In the past the main variations of Harmonic pattern detection algorithms can be categorized as following four 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 (i.e. early signal). 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 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.

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.

List of Harmonic Pattern Scanner available in MetaTrader platform

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.

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 scanner with advanced simulation capability on top of the powerful features of harmonic pattern plus.

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

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

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

Supply Demand Zone Indicator on MetaTrader 4

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 a range of powerful supply demand zone indicator particularly designed for MetaTrader 4 platform.

Here is the list of Advanced Supply Demand Zone Indicator. These supply and demand zone indicators are rich in features with many powerful features to help you to trade the right supply and demand zone to trading.

Mean Reversion Supply Demand on MetaTrader 4

Mean Reversion Supply Demand indicator is our earliest supply demand zone indicator and loved by many trader all over the world. It is great to trade with reversal and breakout. You can also fully setup your trading with stop loss and take profit target.

Below are the links to MetaTrader 4 version of the Mean Reversion Supply Demand indicator.

https://www.mql5.com/en/market/product/16851

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

Ace Supply Demand Zone Indicator on MetaTrader 4

Ace Supply Demand Zone indicator is our next generation supply demand zone indicator. It was built in non repainting and non lagging algorithm. On top of many powerful features, you can also make use of archived supply and demand zone in your trading to find more accurate trading opportunity.

Below are the links to MetaTrader 4 version of the Ace Supply Demand Zone indicator.

https://www.mql5.com/en/market/product/40076

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone

For your information, both indicators provides many powerful features to complete for your trading. You can also use this indicators together with harmonic pattern and elliott wave pattern indicators.

Using Japanese Candlestick Patterns in Profitable Pattern Scanner

Profitable Pattern Scanner is the powerful pattern trading system with highly engineered functionality. Properly used, this tool can yield excellent trading results. One of the trading system built inside Profitable Pattern Scanner is Japanese candlestick patterns. Profitable Pattern Scanner can detect around 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 to enable the candlestick pattern from Profitable 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. Note that Japanese candlestick patterns are only one of the pattern category. It can also detect other powerful patterns like Harmonic Patterns, Elliott Wave Patterns and X3 patterns.

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

Using Japanese Candlestick Patterns in Profitable Pattern Scanner
Profitable Pattern Scanner is the powerful pattern trading system with highly engineered functionality. Properly used, this tool can yield excellent trading results. One of the trading system built inside Profitable Pattern Scanner is Japanese candlestick patterns. Profitable Pattern Scanner can detect around 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 to enable the candlestick pattern from Profitable 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. Note that Japanese candlestick patterns are only one of the pattern category. It can also detect other powerful patterns like Harmonic Patterns, Elliott Wave Patterns and X3 patterns.

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 Version 6.7 of Advanced Price Pattern Scanner Released
We have finally managed to release version 6.7 of Advanced Price Pattern Scanner.

In the new version, you can display Price Pattern As support and resistance mode.

The screenshot shows what is added in this new indicator. You can also switch on and off this new feature from Input setting.

This is good automated tool to help you detect these price patterns in your chart. No more tedious manual pattern trading.

1) Triangle (Pattern Code = 0)

2) Falling Wedge (Pattern Code = 1)

3) Rising Wedge (Pattern Code = 2)

4) Double Top (Pattern Code = 3)

5) Double Bottom (Pattern Code = 4)

6) Head and Shoulder (Pattern Code = 5)

7) Reverse of Head and Shoulder (Pattern Code = 6)

8) Cup and Handle or Cup with Handle (Pattern Code = 7)

9) Reverse of Cup and Handle or Cup with Handle (Pattern Code = 8)

Below are the links to 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

Supply Demand Zone Indicator on MetaTrader 4
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 a range of powerful supply demand zone indicator particularly designed for MetaTrader 4 platform.

Here is the list of Advanced Supply Demand Zone Indicator. These supply and demand zone indicators are rich in features with many powerful features to help you to trade the right supply and demand zone to trading.

Mean Reversion Supply Demand on MetaTrader 4

Mean Reversion Supply Demand indicator is our earliest supply demand zone indicator and loved by many trader all over the world. It is great to trade with reversal and breakout. You can also fully setup your trading with stop loss and take profit target.

Below are the links to MetaTrader 4 version of the Mean Reversion Supply Demand indicator.

https://www.mql5.com/en/market/product/16851

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

Ace Supply Demand Zone Indicator on MetaTrader 4

Ace Supply Demand Zone indicator is our next generation supply demand zone indicator. It was built in non repainting and non lagging algorithm. On top of many powerful features, you can also make use of archived supply and demand zone in your trading to find more accurate trading opportunity.

Below are the links to MetaTrader 4 version of the Ace Supply Demand Zone indicator.

https://www.mql5.com/en/market/product/40076

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone

For your information, both indicators provides many powerful features to complete for your trading. You can also use this indicators together with harmonic pattern and elliott wave pattern indicators.

Price Breakout Pattern Scanner and Smart Renko
Our Price breakout pattern scanner is very unique tool in the market because it have built in feature for Smart Renko inside. There is reason for that. Smart Renko is really helpful for any pattern detection in the separate window. So they will reinforce your trading decision. Imagine that in the candlestick chart, Price Breakout Pattern Scanner is automatically detecting the patterns for you. In the indicator window, you can also detect any other important patterns readily. If you can collect evidence for your trading from both candlestick chart and renko chart, you can make very powerful trading decision.

Let us show how to switch on and off the Smart Renko chart from your price breakout pattern Scanner. Before you are using Smart Renko feature enabled, you might download sufficient history in your chart first. Once you have done it, set Use “Smart Renko = true” from your indicator setting. See the screenshots for your better understanding. Some of our customer know that there is great way of trading with Price breakout pattern scanner and our Harmonic Pattern Plus (or Harmonic Pattern Scenario Planner or Profitable Pattern Scanner).

Here are the links for the 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/

Advanced Harmonic Pattern Detection Indicator

Harmonic Pattern Scenario Planner is an advanced Harmonic Pattern Detection Indicator. This is probably the most sophisticated harmonic pattern detection indicator in the market.

Harmonic Pattern Scenario planner can be used like Harmonic Pattern Plus. Hence, it is easy and friendly to use. At the same time, it combines powerful Monte Carlos Simulation to provide you advanced harmonic pattern search capability.

Monte Carlo Simulation can help you to find future reversal points in advance.

Here is the product link to Harmonic Pattern Scenario Planner. You can find more about the features of this advanced Harmonic Pattern Scenario Planner.

https://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

Fibonacci Probability Graph Little Tip
In this article, we will just share little tip of using Fibonacci Probability Graph with Fractal Pattern Scanner. In our last article, we have shown that good trading strategy (i.e. good market prediction) essentially requires both relative term and absolute term.

We will not repeat how both relative term and absolute term works for your trading in this article. But you can find more information about relative term and absolute term from below article.

https://algotrading-investment.com/2020/01/23/fibonacci-retracement-in-forex-and-stock-market/

Assuming you have read this article, now you would understand why you need Fibonacci Probability Graph (or Probability Fibonacci Graph) to enhance your trading. It is because Fibonacci Probability Graph provides both relative term and absolute term in your trading equation. Hence, we share some little tip in this article.

Fibonacci Probability Graph consists of four main components.

1. Turning Point Probability in price (absolute term)

2. Turning Point Probability in time (absolute term)

3. Fibonacci retracement in price (relative term)

4. Fibonacci retracement in time (relative term)

Fibonacci Probability Graph uses two axis that are primary and secondary axis. Fibonacci Probability Graph is drawn from the previous turning point since its primary goal is to predict future turning point from the previous turning point.

If we are predicting peak, then Fibonacci Probability Graph is drawn like below:

1. Left Y axis = Turning Point Probability in price

2. Bottom X axis = Turning Point Probability in time

3. Right Y axis = Fibonacci Retracement in price

4. Top X axis = Fibonacci Retracement in time

If we are predicting trough, then Fibonacci Probability Graph is drawn like below:

1. Left Y axis = Turning Point Probability in price

2. Bottom X axis = Fibonacci Retracement in time

3. Right Y axis = Fibonacci Retracement in price

4. Top X axis = Turning Point Probability in time

However, sometimes, the chart scale does not cover the top or bottom axis. Hence, you might miss Fibonacci Retracement in time. In MetaTrader 4 and MetaTrader 5, you can rescale chart height by dragging price axis on the right side of chart. Hence, to see Fibonacci Retracement in time, you might have to increase chart height by dragging price axis.

When you do not need to see Fibonacci Retracement in time, then you can reduce chart height back. I do this all the time. I think some starters might find it difficult. Hence, I share this article with you.

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/