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auto9817 Nov 29, 2019 4:08am | Post# 3301

1 Attachment(s)
Must Read Articles for Professional Harmonic Pattern Trader

Here is the short but insightful article for Harmonic Pattern Trader. This article will explain type of Harmonic Pattern indicators and the technology around the harmonic pattern detection algorithm. If you are professional trader, then you must read this article.

1) Turning Point and Trend: https://algotrading-investment.com/2...int-and-trend/

2) Pattern are good predictor of Market Turning Point: https://algotrading-investment.com/2...turning-point/

3) Harmonic Pattern Indicator Types: https://algotrading-investment.com/2...dicator-types/

Throughout the article, we also emphasize the importance of estimating true success rate for harmonic pattern to build the winning trading strategy.
Also below we provide the links for the automated Harmonic Pattern Detection indicator.

4) 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/

5) Profitable Pattern Scanner
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


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auto9817 Nov 29, 2019 5:17pm | Post# 3302

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Winning Trading Logic Detecting Supply and Demand Unbalance

As we have pointed out in our article, detecting the supply and demand unbalance is the most important key in making profits in Financial market. The excessive momentum indicator is the automated tool to detect these unbalance in supply and demand for your trading. With excessive momentum drawn in your chart, it is much easier to predict the timing of new trend and its direction.

Here is the insightful article explaining where the profits comes and how the profits are captured with the knowledge of excessive momentum. If you really want to make money in the market, must read this article. Reading does not cost you anything.

https://algotrading-investment.com/2...entum-trading/

Here is link to Excessive Momentum Indicator.
https://algotrading-investment.com/p...tum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621


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auto9817 Nov 30, 2019 3:50am | Post# 3303

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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/p...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/p...ttern-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/p...ttern-scanner/



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auto9817 Nov 30, 2019 8:03pm | Post# 3304

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Take Profit and Stop Loss in Profitable Pattern Scanner

Profitable 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 Profitable 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 Profitable 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.

Profitable 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 Profitable Pattern Scanner in another article here.

https://algotrading-investment.com/2...ttern-scanner/

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

https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/41992
https://www.mql5.com/en/market/product/41993


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auto9817 Dec 1, 2019 3:56am | Post# 3305

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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/p...-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/p...ttern-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/p...ttern-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/

  1. Harmonic Pattern Indicator
  2. Elliott Wave Pattern Indicator
  3. Excessive Momentum Indicator
  4. Price Breakout Pattern Scanner
  5. Advanced Price Pattern Scanner
  6. Advanced supply and demand zone indicator


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auto9817 Dec 1, 2019 11:12pm | Post# 3306

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Pattern Scanner List for MetaTrader 4

Pattern detection is an important task for your winning trading. It is one way to solve the puzzle of market geometry, which is often not solvable with technical indicators. How about automatic pattern detection for your trading ?
We provide the list of various pattern scanner for your MetaTrader 4 platform.

1. Harmonic Pattern Plus for MetaTrader 4
Harmonic Pattern Plus is the harmonic pattern scanner. 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. 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. 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. Advanced Price Pattern Scanner
Advanced Price Pattern Scanner is the automatic price pattern scanner. It is designed to scan the Triangle, Falling Wedge, Rising Wedge, Double Top, Double Bottom, Head and Shoulder, Reverse of Head and Shoulder, Cup and Handle or Cup with Handle, Reverse of Cup and Handle or Cup with Handle. What is even better? This is non-repainting and non-lagging indicator. Here is link for more information
https://www.mql5.com/en/market/product/24679
https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

4. Price Breakout Pattern Scanner
Price Breakout Pattern Scanner is the automatic pattern scanner designed to detect the Triangle, Falling Wedge, Rising Wedge, Double Top, Double Bottom, Head and Shoulder, Reverse of Head and Shoulder. Although this scanner is repainting, this scanner comes with powerful built in features like Japanese candlestick pattern detection + Smart Renko features. With all these features together, this pattern scanner forms the powerful trading system for Forex market.
https://www.mql5.com/en/market/product/4859
https://algotrading-investment.com/p...ttern-scanner/


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auto9817 Dec 2, 2019 9:40am | Post# 3307

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List of Features for Harmonic Pattern Indicator

We provide the harmonic pattern indicator with multiple of built in features. These features are powerful in helping you to trade with better accuracy.
If you need to accurately predict the turning point of the market, then Harmonic Pattern Plus is the best tool in its kind. With our own research, our Harmonic Pattern Plus uses the precision harmonic pattern trading as its default trading strategy with Pattern Completion Interval, Potential Continuation Zone and Potential Reversal Zone. Yet, there are many other powerful features built in together for your superb trading experience.
List of Features for Harmonic Pattern Indicator.

  1. 11 Harmonic Pattern Detection
  2. Automatic stop loss and take profit recognition for superb risk management
  3. Pattern Completion Interval for precision trading
  4. Potential Continuation Zone detection for future price prediction
  5. Potential Reversal Zone detection for Point D identification
  6. Automatic Channel Detection to go with Harmonic Pattern (Optional)
  7. Multiple timeframe Pattern Analysis
  8. Multiple timeframe Pattern Detection
  9. Guided Trading Instruction for professional traders
  10. Pattern Locking and Unlocking feature in your chart
  11. Even more, please find it out.

Below is the direct link to the information page:
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/p...-pattern-plus/


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auto9817 Dec 3, 2019 12:21am | Post# 3308

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Supply Demand Zone Indicator Basic

Supply and Demand zone is the extended version of support and resistance trading with more skills. We provide our own Supply and Demand Zone indicator, Ace Supply Demand Zone Indicator. This is non repainting supply and demand zone indicator.
Here is the basic guideline in using Ace Supply Demand Zone indicator. First of all, here is what the notation like H1 or S3 means in your chart when you applied this Supply Demand Zone indicator.

  1. H1 = Zone detected in H1 timeframe
  2. S3 = Zone Strength 3

You can also show or hide zones from your chart using button click. Check the screehshot for some more tips.
Below are the links to the Ace Supply Demand Zone indicator for MetaTrader 4/MetaTrader 5.

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/p...y-demand-zone/

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auto9817 Dec 3, 2019 10:20am | Post# 3309

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Harmonic Patterns, Elliott Wave Patterns and X3 Patterns

Profitable patterns are considered as the advanced trading strategy in Forex and Stock market trading. We provided the through instruction of using profitable pattern for your trading. All profitable patterns can be expressed in the structure = right swing /left swing in RECF notation. You can check the structure of profitable patterns in this article.
https://algotrading-investment.com/2019/07/09/defining-profitable-patterns/
Hence, Fibonacci price patterns (retrenchment and expansion patterns), Harmonic Patterns, Elliott Wave patterns and X3 patterns are family in this respect. As I have wrote in my book, geometric support and resistance is the relative of the family.
Profitable Pattern Pattern Scanner provides a approach to control all these profitable patterns except geometric support and resistance. Easiest way of explaining is that take all these patterns as each portfolio of your trading venture. You do not have to keep all these patterns in your portfolio. As Profitable Pattern scanner provides the way to switch on and off each pattern.
First way to manage your pattern portfolio is that to switch off patterns you do not like and keep the patterns you like only. As non repainting and non lagging indicator, you are able to test each pattern through historical patterns visually in your chart. No need to resource anything else.
Second way to manage your patterns portfolio is that to switch off patterns by their category. For example, if you are familiar and big fan of harmonic patterns, then just switch off Elliott Wave pattern category and X3 pattern category. Keep Harmonic Pattern Category in your pattern portfolio.
Third way to manage your patterns portfolio is that to modify and change patterns according to your preferences. In doing so, you need some knowledge of RECF notation. This is probably the most advanced level of managing your pattern portfolio.
https://algotrading-investment.com/2019/07/09/defining-profitable-patterns/
Also you read the book: Profitable Patterns in Forex and Stock Market for more complete explanation and complete management of your portfolio with profitable patterns.
These are the three options to manage your pattern portfolio. The profitable patterns are better when they are used together with support and resistance. This is another good point you should make a note in your trading.
Harmonic Pattern Category
* Optimal AB=CD
* Optimal Butterfly Pattern
* Optimal Gartley Pattern
* Optimal Bat Pattern
* Optimal Alternate Bat Pattern
* Optimal Shark Pattern
* Optimal Crab Pattern
* Optimal Deep Crab Pattern
* Optimal Cypher Pattern
* Optimal 5-0 Pattern
* Optimal 3 Drives Pattern
Elliott Wave Pattern Category
* Elliott Wave .1234 Pattern
* Elliott Wave .12345 Pattern
* Elliott Wave .12345AB Pattern
* Elliot Wave .12345ABC Pattern
X3 Pattern Category
* Star River Pattern
* Trident Pattern
* Horse Pattern
* Eagle Pattern
* Phoenix pattern

Profitable Pattern Scanner is the most powerful pattern recognition software in the market. Here is the link to Profitable Pattern Scanner.
https://www.mql5.com/en/market/product/41992
https://www.mql5.com/en/market/product/41993
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

In addition, this book provides you the best introduction to How to use Profitable Patterns in Forex and Stock market.
Profitable Patterns in Forex and Stock Market (Essential Trading Guide in 12 Hours)
https://www.amazon.com/dp/B07VQKLSNW/
https://algotrading-investment.com/portfolio-item/profitable-patterns-in-forex-and-stock-market/

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auto9817 Dec 3, 2019 11:56pm | Post# 3310

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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/

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auto9817 Dec 4, 2019 9:32am | Post# 3311

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MetaTrader Indicator YouTube Links

Sometimes seeing is much better than reading. YouTube provides a great space to share videos for technical analysis in Forex and Stock Market. Here are some YouTube video links for great MetaTrader indicators. Just click the link to open YouTube video of each MetaTrader indicator.

1. Advanced Price Pattern Scanner (MT4/MT5 available)
Youtube link:
Inserted Video

2. Elliott Wave Trend (MT4/MT5 available)
Youtube link:
Inserted Video

3. Profitable Pattern Scanner (MT4/MT5 available)
Youtube:
Inserted Video

4. Price Breakout Pattern Scanner (MT4/MT5 available)
Youtube:
Inserted Video

5. Harmonic Pattern Plus (MT4/MT5 available)
YouTube link:
Inserted Video


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auto9817 Dec 4, 2019 11:52pm | Post# 3312

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Using Japanese candlestick patterns with Price Breakout Pattern Scanner

Price Breakout Pattern Scanner combines several trading systems in one product. Properly used, they can yield excellent trading results. One of the trading system built inside Price Breakout Pattern Scanner is Japanese candlestick patterns. Price Breakout Pattern Scanner can detect 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 enable the candlestick pattern from Price Breakout 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.

https://www.mql5.com/en/market/product/4859
https://www.mql5.com/en/market/product/4858
https://algotrading-investment.com/p...ttern-scanner/

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auto9817 Dec 5, 2019 9:36am | Post# 3313

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Enable Automatic Channel in Harmonic Pattern Indicator

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

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

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

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/

Profitable Pattern Scanner
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/


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auto9817 Dec 6, 2019 4:03am | Post# 3314

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Tactical Use of Pattern Completion Interval (PCI)

Our Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner exclusively provide the Pattern Completion Interval for your tactical trading.

Sounds complicated but not. Simply, if the price is inside the PCI box, then the pattern will stay alive. If the price move outside the PCI box, then the pattern is invalid. (We brought this concept from prediction interval or confidence interval from multiple regression techniques).
Maybe it is the view you need to see not the technical language. It is the PCI box that you will calculate your entry + your risk management. Inside PCI, your will pick up the good timing for your entry based on your risk management. Everything should be happen inside PCI. Otherwise, your reward/risk does not have too much merit.

Secondly you might need to use some secondary confirmation for final buy and sell decision. Remember the very advantage of manual trading is about combining information. It does not have to be fundamental data for this purpose. In our case, we exclusively uses geometric based tools and we have nearly got rid of all the technical indicator for trading. But you can use some technical indicator like RSI, Bollinger bands and Fibonacci Retracement etc.
Once you are sure about the trading and entry and risk management, then you will lock the pattern for your trading. Just click the lock button in your chart to do so. Our Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner supports Pattern Completion Interval for your entry management.

Link to Harmonic Pattern Plus
https://algotrading-investment.com/p...-pattern-plus/
https://www.mql5.com/en/market/product/4475
https://www.mql5.com/en/market/product/4488

Link to Harmonic Pattern Scenario Planner
https://algotrading-investment.com/p...nario-planner/
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240

Link to Profitable Pattern Scanner:
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/41992
https://www.mql5.com/en/market/product/41993


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auto9817 Dec 6, 2019 6:21pm | Post# 3315

1 Attachment(s)
Generating Income with Profitable Patterns

Profitable Patterns includes Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave Patterns, X3 patterns as well as many other tradable patterns .
Profitable patterns are the good buy and sell signal generator in financial market. It provides you the early signal at the turning point. Unlike other technical indicator, you are not lagging with these patterns. Hence you can always move ahead of other trader.
In addition, it is useful because it is extremely easy to combine with other analysis technique in your trading decision. In this short book, we provide the winning logic of profitable patterns in Forex market + how the combined money management can grow your capital ahead of other trader.
In this book below, we explain how to make the best use of profitable patterns for your trading. What is even better, we have included the bonus chapter of support and resistance.
Amazon: https://www.amazon.com/dp/B07VQKLSNW/
Other links: https://algotrading-investment.com/portfolio-item/profitable-patterns-in-forex-and-stock-market/

Below is the Harmonic pattern, Elliott Wave patterns and X3 pattern detection tools developed for MetaTrader, the most popular Forex Trading platform.


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.
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/


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Size: 67 KB

auto9817 Dec 7, 2019 4:06am | Post# 3316

1 Attachment(s)
Winning Trading Logic Detecting Supply and Demand Unbalance

As we have pointed out in our article, detecting the supply and demand unbalance is the most important key in making profits in Financial market. The excessive momentum indicator is the automated tool to detect these unbalance in supply and demand for your trading. With excessive momentum drawn in your chart, it is much easier to predict the timing of new trend and its direction.

Here is the insightful article explaining where the profits comes and how the profits are captured with the knowledge of excessive momentum. If you really want to make money in the market, must read this article. Reading does not cost you anything.

https://algotrading-investment.com/2...entum-trading/

Here is link to Excessive Momentum Indicator.
https://algotrading-investment.com/p...tum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621

Click to Enlarge

Name: Excessive-Momentum-Indicator-with-Accumulation-and-Distribution-Area (1).png
Size: 66 KB

auto9817 Dec 7, 2019 9:50am | Post# 3317

1 Attachment(s)
Using Japanese candlestick patterns with Price Breakout Pattern Scanner

Price Breakout Pattern Scanner combines several trading systems in one product. Properly used, they can yield excellent trading results. One of the trading system built inside Price Breakout Pattern Scanner is Japanese candlestick patterns. Price Breakout Pattern Scanner can detect 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 enable the candlestick pattern from Price Breakout 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.

https://www.mql5.com/en/market/product/4859
https://www.mql5.com/en/market/product/4858
https://algotrading-investment.com/p...ttern-scanner/

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auto9817 Dec 7, 2019 10:31pm | Post# 3318

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New Version of Optimum Chart is Coming Soon

We have done sizable amount of work to bring the advanced trading technology. And our work is appreciated by many professional trader in Forex and US Stock Market.
We are currently working to release newer version of Optimum Chart with better and more powerful features in return for our customers support.
Please stay tuned for further news about new update.

For a mean time, this is the landing page for Optimum Chart.

https://algotrading-investment.com/2...optimum-chart/
YouTube:
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auto9817 Dec 8, 2019 9:46am | Post# 3319

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Take Profit and Stop Loss in Profitable Pattern Scanner

Profitable 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 Profitable 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 Profitable 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.

Profitable 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 Profitable Pattern Scanner in another article here.

https://algotrading-investment.com/2...ttern-scanner/

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

https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/41992
https://www.mql5.com/en/market/product/41993

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auto9817 Dec 8, 2019 11:14pm | Post# 3320

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Never Trade with Subjective Price Pattern

When you trade in Forex and Stock market, the subjectivity is the biggest enemy of your trading performance. When you trade with price patterns, this is not an exception. Trading with a loosely defined price pattern can get you a lot of trouble in trading.
When you do not define the structure of price pattern properly, you are likely entering into messy situation with your trading. You will start to overfit or to underfit the pattern in the wrong place of your chart. Never do that. You can not measure your trading performance and hence, you will not going any where.
Always keep track of the structure of winning price patterns. Next time, you apply them the same right structure of that winning pattern. This will lead to consistent success rate over long run.

Below article about X3 Pattern framework shows the best way of keeping your winning price patterns in your pocket.
https://algotrading-investment.com/2...cial-market-2/
https://algotrading-investment.com/2...ancial-market/
These tools below are automatic price pattern detector. These tools are also aligned together with above articles.

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/p...nario-planner/

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.
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/

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