Young Ho Seo / Profil

Breakout Trading and then Recommendation for Turning Point (i.e. reversal)

Fractal Pattern scanner will do a lot of complicated calculation at the background. However, it provides really simple trading operation for you. Hence, here is some explanation.

Firstly, the Mother Wave pattern (i.e. breakout patter) will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout.

The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected.

In summary, for your trading, you use breakout for the first profit opportunity, then you will use reversal for the second profit opportunity. However, if the market is too strong on breakout, then you can skip the second profit opportunity and just keep holding the first breakout opportunity.

That is it. Trading operation is simple. However, you can digest these articles for your trading. You could become the professional trader, who can pull the profit from Fractal Pattern and Fractal Wave. You understand the principles of nature and you make profits from them. It is awesome things to do in the this world.

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

https://algotrading-investment.com/2020/05/31/breakout-trading-or-reversal-trading/

https://algotrading-investment.com/2020/06/11/abc-of-breakout-trading-with-fractal-pattern/

The turning point probability is a powerful tool that you can use it as both reversal trading or breakout trading within your technical analysis. You can watch this YouTube video titled as “Breakout Trading vs Reversal Trading (Turn Support & Resistance to Killer Strategy)” in this link below to get some hands on practice with breakout and reversal trading opportunity with Support and Resistance Technical Analysis.

YouTube Video Link: https://youtu.be/UbORmOacKIQ

Harmonic Pattern Detection Indicator MT5

Harmonic Pattern Detection Indicator is the powerful tool to solve the puzzle of market geometry, which is often not solvable with technical indicators. How about automatic harmonic pattern detection for your trading ?

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”.

To accomplish this post, you can read the full blog article about the types of Harmonic Pattern Indicator from the link below.

https://algotrading-investment.com/2019/03/03/harmonic-pattern-indicator-explained/

In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

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MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed MetaTrader 4. MetaTrader 5 is accessible for free of charge for any trader from all over the world. More and more brokers are now offering MetaTrader 5 trading options even including US based firms.

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

3. X3 Chart Pattern Scanner (2019)

X3 Chart Pattern Scanner is next generation tools to trade with Harmonic pattern and Elliott Wave patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect with advanced Harmonic Pattern, Elliott Wave Pattern, X3 Chart Pattern 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/41992

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

pairs Trading Station for MetaTrader 4 and MetaTrader 5 updated to version 7.2.

In version 7.2, Pairs Trading Station include Buy Asset and Sell Asset in the Potential Entry Alert. I have also enabled to set the Entry Alert Limit as low as 3.0 in input setting. But still, when you are new to pairs trading, try to use the extreme spread for potential entry, which is over 3.5 in case of Forex and over 4.0 in case of Stock market.

https://www.mql5.com/en/market/product/3304

https://www.mql5.com/en/market/product/3303

Volume Spread Analysis Indicator List

We provide three different Volume Spread Analysis indicators and volume based tools. Our volume spread analysis tools are the hybrid of volume spread analysis and signal processing theory.

These tools will help you to complete your trading decision with high precision. As long as you understand the concept of the Accumulation and Distribution area in the volume spread analysis, these tools will help you to predict the presence of Accumulation and Distribution area. Hence, you can predict the best trading opportunity.

Firstly, Volume Spread Pattern Indicator is the powerful volume spread analysis indicator that operated across multiple timeframe. Volume Spread Pattern Indicator will not only provide the bearish and bullish volume spread pattern in the current time frame but also it will detect the same patterns across all timeframe. You just need to open one chart and you will be notified bullish and bearish patterns in all timeframe in real time.

Here is the link to Volume Spread Pattern Indicator.

https://www.mql5.com/en/market/product/32961

https://www.mql5.com/en/market/product/32960

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

Secondly, Volume Spread Pattern Detector is the light version of Volume Spread Pattern Indicator above. This is free tool with some limited features. However, Volume Spread Pattern Detector is used by thousands of traders. Especially, it works great with the support and resistance to confirm the turning point. This is free tool. Just grab one.

https://www.mql5.com/en/market/product/28438

https://www.mql5.com/en/market/product/28439

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

Both Volume Spread Pattern Indicator and Volume Spread Pattern Detector works well with Excessive Momentum indicator as Excessive Momentum indicator helps to detect the potential Accumulation and Distribution area automatically. Hence, if you are using Excessive Momentum Indicator, then you can use one between Volume Spread Pattern Indicator or Volume Spread Pattern Detector. In addition, we provide the YouTube video to accomplish the basic operations of Excessive Momentum Indicator.

YouTube Video (Excessive Momentum Indicator): https://youtu.be/oztARcXsAVA

YouTube Video (Excessive Momentum Indicator Explained): https://youtu.be/A4JcTcakOKw

Here is link to Excessive Momentum Indicator for MetaTrader 4 and MetaTrader 5.

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

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Thirdly, we provide the volume Zone Oscillator. This is another useful free tool that utilizes the volume information for your trading. You can use these tools for volume spread analysis, Harmonic Pattern, Elliott Wave Pattern, X3 Price Pattern further. This is free tool. Just grab one.

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

New Article – Various Risks in Trading and Investment

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

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

In addition, you can also have an access to important free articles for your trading here.

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

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

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

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

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

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

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

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

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

Take Profit and Stop Loss in X3 Chart Pattern Scanner

X3 Chart Pattern Scanner is also using the risk management concept with Pattern Completion Interval for your trading. Must remember that trading without having good reward/Risk ratio is useless. They can blow your account pretty quickly. Please make sure that you understand the role of Pattern Completion Interval and how it can help for your trading.

In X3 Chart Pattern Scanner, your stop loss and take profit is controlled for individual patterns. This is the main difference from Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Since X3 Chart Pattern Scanner have different categories of patterns like Elliott Wave patterns, Harmonic patterns and X3 patterns, you can apply different money management scheme if you wish.

To change your stop loss and take profit, scroll down in your input. Stop Loss = 1 means that it is size of 1 x Pattern Completion Interval Box. Take Profit = 2.5 means that it is size of 2.5 x Pattern Completion Interval.

X3 Chart Pattern Scanner provide all the historical patterns, helping you to tune your strategy. Hence, please test your strategy and change your stop loss and take profit according to your observation from your chart. We have already shown you how to test your strategy with X3 Chart Pattern Scanner in another article here.

https://algotrading-investment.com/2019/09/18/showing-historical-patterns-in-profitable-pattern-scanner/

In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like.

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

Also check the screenshot for better understanding of this basic risk management concept.

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

Beat Corona Virus Together Discounts for MetaTrader

Since December 2019, we have observed the loss of lives due to this COVID-19 pandemic. Apart from this, COVID-19 has severely demobilized the global economy. Many of the affected countries have undergone the complete lock down. Life after the COVID 19 is tough for the entire society. We never knew that this will last this long.

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
X3 Chart Pattern Scanner (=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
Finally, care the loved one.

Enable Automatic Channel in Harmonic Pattern Indicator

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

Together with Harmonic Pattern and Elliott Wave patterns, the provided automatic channel can be the great help for your trading. Enjoy this powerful features. This feature applies to Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner.

Important Note to read

For your information, the provided channel are dynamic. As new bars are arrived in your chart, it will update the size of Standard deviation and 95% intervals in real time. Please bear this in your mind when you are using the provided channel. Another important note is that we provide Double Standard Deviation Channel for X3 Chart Pattern Scanner. This is the channel indicator specially tuned to work for Harmonic Pattern and X3 Pattern. It is more advanced Channel than the one shown in the screenshot below. In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

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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/

Harmonic Pattern Scenario Planner

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

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

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

X3 Chart 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/

Mean Reversion Supply Demand

We provide many sophisticated trading system in our website to construct the sound portfolio in your investment and to increase your capitals in your trading. Mean Reversion Supply Demand is the powerful Supply and Demand Zone indicator you can use in your collection in Forex and Stock market trading.

With the built in Market Profile indicator, the tool provide flexible and accurate control of your entry and risk management especially around the significant trading zone in your chart.

Highly automated feature can help you to readily set your profit target and even more sophisticated analysis in your chart. For your winning trading, this is the must have tool.

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

https://www.mql5.com/en/market/product/16823

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

New Article – Insignificant Turning Point, Local Turning Point and Global Turning Point

Here is another article explaining some useful concept for your Forex and Stock Market Trading. Of course, this is free article to improve your trading performance. The article explain what are the insignificant turning point, global turning point and local turning point when you trade with reversal trading setup.

https://algotrading-investment.com/2020/06/01/insignificant-turning-point-local-turning-point-and-global-turning-point/

In addition, you can also have an access to important free articles for your trading here.

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

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There are several class of technical analysis useful to pick up the turning point. For example, Harmonic Pattern and Elliott Wave Patterns are one of them. Here is the list of few Harmonic Pattern Indicator available in MetaTrader 4 and MetaTrader 5.

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

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

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

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

X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern, Elliott Wave pattern and X3 pattern Scanner. Below is links for them.

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

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

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

In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

Harmonic Pattern Signal – Free

Harmonic Pattern Trading Signal provides 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 other technical indicators. Especially, we provide the Harmonic Pattern Signal for your trading. It is absolutely free of charge. The Harmonic Pattern Signal can be accessible from the link below.

https://algotrading-investment.com/2020/12/17/harmonic-pattern-signal-for-forex-market/

We present the trading signal in the simple table form. To use this trading signal, you need to mark up the location of the Harmonic Pattern in your chart. You can do this in any trading platform including MetaTrader, Trading View, Ninja Trader and so on. Follow the two steps below:

Open the Chart with the same timeframe shown in the table
Mark up the pattern location using Price at Point D and Date at Point D
That is all. Check the attached screenshot and more detailed Instruction can be found from the above link. Our Harmonic Pattern Trading signal is absolutely free. It is a good staring point for anyone who are interested in trading Forex market. At the same time, we provide the MetaTrader 4 and MetaTrader 5 version of Harmonic Pattern Scanner. If you prefer the indicator version of Harmonic Pattern Signal, then you can visit the product page for Harmonic Pattern Plus or X3 Chart 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/

Below are the Links to X3 Chart 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/