Price Breakout Pattern Scalper EA For Free

Japanese Candlestick Pattern with Harmonic Pattern

Japanese Candlestick pattern can be a great supplementary tool when you trade with Harmonic Pattern. Harmonic Pattern Plus is the powerful harmonic pattern indicator with the capability to detect Japanese Candlestick Patterns together. Properly used, this tool can yield excellent trading results. One of the trading system built inside Harmonic Pattern Plus is the Japanese Candlestick Pattern as well as Harmonic Pattern. Japanese Candlestick Pattern provides visual insight for buying and selling momentum present in the market. Japanese Candlestick Pattern can provide both entry and exit signal for traders. Hence, many traders use them as the secondary confirmation techniques.
In the trading community, Japanese candlestick patterns were the favorite trading tool of many traders. Hence, Harmonic Pattern Plus provides you the opportunity to combine the Japanese candlestick pattern with Harmonic Pattern Trading setup. Harmonic Pattern Plus can detect 52 different Japanese candlestick patterns. These Japanese candlestick patterns include “Hammer”, “Doji Star”, “Harami”, “Inverted Hammer”, “Break away” and so on. They are categorized under five categories including one, two, three, four and five candlestick patterns in Harmonic Pattern Plus.
To use Japanese candlestick patterns, you have to enable the candlestick pattern from Harmonic Pattern Plus. See the attached screenshot firstly. You can enable this function from the inputs tab in your MetaTrader after the Harmonic Pattern Plus is attached to any of your chart. Then you can switch on and off the individual category of patterns according to your preferences. For example, you can only use two or three candlestick patterns if you wish. From our observation, the Japanese candlestick patterns made up from two or three bars are more accurate than the Japanese candlestick pattern made up from one bar. Since you can check the historical pattern, you should be able to test your strategy with these Japanese candlestick patterns if you wish. In addition, you can also receive sound alert, email and push notification when new Japanese candlestick patterns are detected.
Although the Harmonic Pattern Plus is the repainting indicator, it is still at the affordable price with tons of powerful features for Forex trading. At the same time, it is non lagging indicator too. If you do not mind the repainting, then you can choose the Harmonic Pattern Plus. You will find the many additional features inside Harmonic Pattern Plus beside the Harmonic Pattern and Japanese Candlestick Pattern detection. For example, pattern completion interval can be used for the trading risk management and automatic channel can be used to find better reversal and trend following opportunity and many more. We hope this short article was helpful for you to understand how to unlock the Japanese Candlestick patterns from Harmonic Pattern Plus. We wish you the best trading experience in Forex market.
Below is the landing page for Harmonic Pattern Plus with Japanese Candlestick Pattern Features.
https://algotrading-investment.com/p...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475

If you must use non repainting and non lagging Harmonic Pattern Indicator, then you can also use X3 Chart Pattern Scanner. X3 Chart Pattern Scanner also provides Japanese Candlestick Pattern and Harmonic Pattern. In addition, you have the possibility to use Elliott Wave Pattern and other Chart Patterns. X3 Chart Pattern Scanner can cost more, due to its unique features.
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992

Introduction to Advanced Harmonic Pattern

In this article, we will introduce the main featuers of Advanced Harmonic Pattern Scanner in detail. The Harmonic Pattern like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on are used often to trade currency or stock. The advanced Harmonic Pattern Scanner can predict the future Harmonic Pattern using the computer simulation. For example, the present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your successful trading. To meet such a powerful and predictive concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Scanner in the world among its kind.
Main Features

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

Scenario Simulation for Future Harmonic Pattern
There are powerful simulation techniques known to generate possible future price patterns like Monte Carlos Simulation, Brownian motion simulation, etc. To do so, we need to understand the price behavior including distribution and its randomness. Then we repeat the simulation as many times as possible to identify various future price path. Some future price path may be very important for your trading whereas some other price path may be insignificant. Harmonic Pattern Scenario Planner collects those significant price paths only for your advance trading decision.
How to Use
You can run Harmonic Pattern Scenario Planner like Harmonic Pattern Plus to pick up the turning point. At the same time, you can predict the future patterns for the advanced scenario analysis. The predicted pattern can be used for the earlier decision making for your trading.

1. Reduce commission and slippage using pending orders in advance
2. Worst case scenario planning before taking position
3. Early identification of important support and resistance lines automatically in advance
4. More accurate prediction of entry and exit timing

How to Trade
Each Harmonic Pattern provides you the potential entry for the turning point. You might apply few other filters to improve your trading. Some of the basic filters you can apply include RSI, CCI, MACD, Bollinger Bands, and Moving Average. More advanced filter can include Price Breakout Pattern Scanner, Mean Reversion Supply Demand, Elliott Wave Trend, and Harmonic Volatility Indicator. Please note that the trading performance can vary for your trading experience and trading skills.
Indicator Input
Here we list part of input setting. For full input setting, visit this webpage:
https://algotrading-investment.com/2...nario-planner/
Harmonic Pattern Parameters 1 ( User Option ) ===========================
These parameters below concerns operations of Harmonic patterns. You can change button size, timeframe to detect patterns and alerts using these parameters. You can change timeframe of pattern detection. However, you cannot use smaller timeframe pattern detection for higher timeframe. For example, you cannot set Timeframe to detect patterns = H1 timeframe while you are using D1 chart.

1. Timeframe to detect Patterns
2. Max number of patterns to display
3. Pattern Index from which to display
4. Enable sound alert
5. Send email if pattern is found
6. Send notification if pattern is found
7. Display Fibo retracement (DC Future Price Projection)
8. Fibo Retracement Length
9. Fibo Retracement Color for pattern
10. Fibo Retracment Wdith for pattern
11. Use white background for chart
12. Amount of bars to scan for pattern search (1500 = default)
13. Detect Pattern at Every Tick: true or false only
14. Pattern Update Frequency (Period)

https://algotrading-investment.com/p...nario-planner/
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240

Trading Tips for Newbie in Forex and Stock Market

In this article, we cover some trading tips for newbie staring Forex and Stock market. We will use the Q & A approach to share the useful information for newbie. Below the questions and answers will explain the key elements of successful trading in Forex and Stock market.

What is trading in Forex and Stock Market ?
Trading is a profit seeking operation with buying and selling the financial asset like a currency, stock or cryptocurrency. Profit seeking in long run is often based on materializing the regularities in the financial market. If anyone made money from the market in long run, this means that the market was not random, at least to them. In another words, you have found some sort of regularities in the market. Some people call these regularities as correlation, pattern, trend, wave, volatility, holes in the financial market, or many other names. But they are all regularities regardless of how you call them. Even you are doing some sort of arbitrage trading, you are still making use of some regularities that are known to few people. For example, in this case, you have found a pattern that some place selling the finanical asset cheaper than the other place or the other way around. Typically, this sort of arbritage information in financial market can be found using positive or negative correlation between two brokers or two exchange.

What are the regularities you should know for live trading ?
There are regularities from simple to complex in the financial market. To make your life simple, I have gathered five most occurring and most important regularities for trader in the price pattern table. They are Trend, Seasonality, Cycles, Fractal Wave and Correlation. Typically each trading strategy around Forex and Stock trading is designed to capture one of these five regularities. The best way to understand these regularities is to visualize the market using the chart. Typically, the candlstick chart is used mostly in Forex and Stock trading. When we use the candlestick chart, we can see these regularities in the chart. We can make a buy or sell decision based on our understanding of the market.

How to capture these regularities for profit ?
To visualize the market and to understand the regularities in the market, it is important to understand your tools. Depending on the tools, you may or may not able to identify the specific regularties existing in the market. If the market consists of a simple regularty, then you may not need any tool. However, this is very unlikely in the modern financial market. In addition, you need to understand why a particular tool is designed. Any tools used in the financial market has some assumption around the tool. When the assumption of the tool does not fit for the market, the tool can fail. Before blindly applying any technical indicator like MACD, CCI, RSI, etc, you need to ask how these tools are constructed and what the purpose of these tools are. This is the most important question for the successful trading. For example, the price action, price pattern and chart pattern are the direct price analysis. The main assumption of the direct price analysis is based on the endless zig zag movement of the price, also known as the fractal wave.

Explain the regularties in detail so I can trade better
If you want to understand the regularities in detail, then it is best to use the price pattern table showing the five regularities. Price pattern table shows five regularities existing in the market. From left to right, we are having more complex form of regularities (or market) depending on what internal and external factors are correlated with. Price pattern table is also the representation of how financial market evolves from simple to complex with number of influencing internal and external factors.

Trend (Column 1 in Price Pattern Table)
This is extremely simple market, where only few variable affect the market. Hence, it is showing steady increase or stead decrease. Trading this type of market is not so complicated. You would become just successful trader using some simple technical indicators like moving average, MACD, etc. However, in reality, we do not get this sort of simple market most of time because real world market is filled with so many government regulations, diversified players, fast information release, etc.

Seasonality (Column 2: Additive Seasonality + Colum 3: Mutiplicative Seasonality in Price Pattern Table)
When market started to correlate with time, we will start to see some sort of cycles in the market. When there is single cycle you would notice but several of the combined cycles can confuse many average people if they are not trained. Buy and sell decision making can be more complicated comparing to the market state in Column 1. The most important assumption with this market type is that existance of some deterministic cycle. In another words, if we can identify the wavelength and amplitude of the cycle, we can make money.

Combined Cycles (Column 4 in Price Pattern Table)
Many cycles are mixed and it is difficult spot the presence of one dominating cycle because there are too many cycles mixed. We need more and more skillful decision making to become successful trader in this type of market.

Fractal Wave (Column 5 in Price Pattern Table)
Number of influencing variables in the market are too many. For example, there are too many government regulations, too many diversified players, too many information release, etc in the market. One or few cycles are no longer dominating the market patterns. The market looks like fully chaotic. Sometimes, it shows orders and sometimes, it shows disorders. To be successful in this market, we need to understand the stochastic cycle. Stochastic cycle means that a cycle does not have a determinstic wavelength and amplitude. Instead, the cycle shows the probablistic wavelength and amplitude + multiple cycles are combined. This complicated cycles structure is known as the fractal wave. This sort of the market is even more complicated than the mixed cycle market in column 4 in the price pattern table.
If you want to become successful, it is best to think outside box for this type of the market. The key to is to use a higher order or superior method beyond the general method to deal with cycles. Instead of trying to spend countless hours trying calcuate probablistic wavelength and amplitude of the cycle, it is better to use a geometric method that provides the combined insight over the small cycles, medium cycles, large cycleds and superimposed cycles. Such geometric analysis include the price action, price pattern, chart pattern and so on.

Summary on Regularties
So far, we have discussed four regularties or four market types from top to bottom. From top to bottom, the market type becomes simple to complex. In fact, you can say that top one is the sub class of the bottom one. For eaxmple, trend can be included in the seasonaltiy type of market too. Likewise, seasonaltiy can be included in the combined cycle type of the market too. Likewise, the combined cycle type of market can be included in the fractal wave type market too because deterministic cycle is only the sub set of stochastic cycle. In addition, the fractal wave type market can possess the trend property too. Choosing the right technical anlaysis is really based on your belief on how complex the market is. Now you probably have the complete understanding over the price pattern table.

What type of market do you believe you are dealing with in Forex and Stock market?
If you know what type of market you are dealing with, you can choose the right tool for the market. It is the first step toward the success. Hence, this is a important question for the successful trading. Most of us, including the average trader, do not believe that the market is simple. Hence, it is likely that two latter market types might be close to the real world financial market instead of the first two market types. Many people are pessimistic about seeing the deterministic cycles in the financial market. For example, the economist will not say that the business cycle is 5 years or 10 years. However, they will say the business cycle is 5 to 10 years. This means that it can be any period between 5 years and 10 years. In some extreme case, it can be longer than 10 years and it can be shorter than 5 years too. This means that the business cycle is stochasic and not determinstic. Hence, it is very likely that the financial market is also based on the stochastic cycle too. Hence, fractal wave would provide the best understaning for Forex and Stock trading. If then, the direct price analysis like the price action, price pattern and chart pattern could be the good choice to trade in Forex and Stock market.

What else trader should know about for safe capital increase ?
Risk management and position sizing is the golden rule for successful trading. Key point is to understand these three variables for your trading.

1. Breakeven win rate
2. Success rate
3. Reward/Risk ratio

Physically and psychologically, with these concepts in your head, you will get a lot of buffer for losing trades but spring board for winning trades.

Any further tips on improving profit ?
Trade with deep decision making instead of superficial decision making. It is the quality matter and not quantity. It is useless that you trade fast reckless. Many number of trade will not guarantee your success. Even for one trade, put the quality piece of information technically (from chart) and fundamentally (from surrounding market environment) together.

If you are looking for the tools for the direct price analysis like the price action, price pattern and chart pattern, then visit our website. Our website provides the best tools geared up for the price action, price pattern and chart pattern. Our products include the technical indicator, expert adviser, inter-market analysis tools and pattern scanner making the best use of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave, Supply Demand Analysis, Volume Spread Analysis and Market Volatility. MetaTrader product range includes the Harmonic Pattern Indicator, Elliott Wave Indicator, Momentum Indicator, Volume Spread Analysis, Support Resistance Indicator, Supply Demand Indicator, Pairs Trading Indicator, Renko Chart Indicator, Volitility Indicator and Expert Advisors.

https://www.mql5.com/en/users/financ...eller#products
https://algotrading-investment.com/

Mean Reversion Supply Demand Analysis


Mean reversion is a science to explain the turning point in Forex and Stock market. Mean reversion also provides a great explanation behind the Supply Demand Analysis. This article provides some guide for mean reversion supply demand indicator. Mean Reversion Supply Demand is an excellent tool to trade the supply and demand zone in Forex and Stock market. You can use the tool with multiple timeframe analysis. In addition, it can detect the trading zone where you can set stop loss and take profit target at most efficient price. Simply speaking, any support and resistance trader can use this Mean Reversion Supply Demand Indicator. Even any chart pattern or price pattern trader can use this Mean Reversion Supply Demand Indicator.
Mean Reversion Supply Demand indicator has “Strength at Origin” input. This input is the same and corresponding input described by Sam Seiden. You can consider the Strenth at Origin as the speed of the price movement. Therefore, “Strength at Origin” input can be range from 2 to 10. Higher the number you choose, you will filter out the less obvious supply and demand pattern. However, with higher number of Strength at origin, you will see less number of supply demand zone to trade as you are applying more strict filter. This means that you will see less number of supply and demand trading zone when you use Strength at Origin = 8 comparing to Strength at Origin = 3.

If you are new to the supply demand analysis, then it might good to choose the Strengh at Origin to 5 or more. However, if you are using any secondary confiramtion, then you can use the Strengh at Origin 2 or 3. Of course, if you know what you are doing, then you can always choose any Strength at Origin as you wish.

Below is some other guidelines for Mean Reversion Supply Demand. Please read this guides for your own goods:
https://algotradinginvestment.wordpress.com/2017/03/13/simple-instruction-of-mean-reversion-supply-demand/
https://algotradinginvestment.wordpress.com/2017/12/23/mean-reversion-supply-demand-shown-hidden-timeframe-button/
https://algotradinginvestment.wordpress.com/2018/01/25/mean-reversion-supply-demand-multiple-timeframe-analysis/
Here are link to Mean Reversion Supply Demand:
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/

Introduction to Advanced Price Pattern Scanner

Advanced Price Pattern Scanner is the automatic pattern scanner that can detect the advanced price pattern and chart pattern to trade. Advanced Price Pattern Scanner contains the highly sophisticated pattern detection algorithm. In addition, this price pattern scanner is non repainting pattern scanner. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading.

Detectable Patterns
Following pattern can be detected.
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)
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Main Functionality
1) Pattern Detection in Indicator Window: Detected Patterns are located in the indicator window for your market analysis. To view or hide, just click the Circle button in the indicator window.
2) Pattern Detection in Main Window: Detected patterns are also located in the main window for your market analysis. To view or hide, just click the circle button in the main window.
3) Call Patterns: You can also call any patterns at the desired location in your chart. To access Call Pattern feature, click call button. Now you will have pointer in your chart. Move the pointer anywhere in your chart to located patterns, then click “Call” button again. You will see patterns corresponding to the location of pointer.
4) Multiple Timeframe Pattern Detection: You can also scan above patterns across different timeframe from one indicator. You can also switch on and off any specific timeframe per your need. Please note that Multiple Timeframe Pattern Detection requires much heavier computation.
5) Pattern Locking: You can also lock any patterns in your chart for your future use. Just click over Lock button to lock patterns in your chart.
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Here is a Simple Video Tutorial on Advanced Price Pattern Scanner.
YouTube:
Below are the links to Advanced Price Pattern Scanner.
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/24679
https://www.mql5.com/en/market/product/24678
You can also use this product together with Peak Trough Analysis tool to yield better profit. Peak Trough Analysis is free tool for everyone.
Below is how to download this free peak trough analysis indicator.
https://algotrading-investment.com/2019/08/29/how-to-download-peak-trough-analysis-tool/

Harmonic Pattern Scanner Explained

In this article, we will explain the types of harmonic pattern scanner used in Forex and Stock market trading. Harmonic pattern scanner helps to detect the Harmonic Patterns automatically. However, there are several variations of harmonic pattern scanners. Not all the harmonic pattern scanner are the same. Trading Indicator is an effort of developer to create trading tools to comply with particular theory or trading strategy or trading ideas. However, there is always gap between theory (i.e. ideas or strategy) and practice. The main variations of Harmonic pattern scanners can be categorized as following four types.
Type 1: Non lagging (fast signal) but repainting – option to enter from turning point. This type of Harmonic Pattern Scanner 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). This type of Harmonic Pattern Scanner does not show the failed pattern but last pattern does not repaint as it is lagging signal.
Type 3: Detecting pattern at point C but repainting – option to enter at turning point. This type of Harmonic Pattern Scanner detects the 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 Harmonic Pattern Scanner. This type of Harmonic Pattern Scanner can be considered as the most powerful harmonic pattern scanner among all variations.
To accomplish this information, you can read this article that explains about various Harmonic Pattern Indicator used in Forex and Stock market too. This article explain the type 1, type 2, type 3 and type 4 Harmonic Pattern Indicator in more details.
https://algotrading-investment.com/2...tor-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”:
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”:
Here is the list of Harmonic Pattern Indicators for MetaTrader 4 and MetaTrader 5.
1. Harmonic Pattern Plus (Type 1)
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.
Below are the Links to Harmonic Pattern Plus
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
2. Harmonic Pattern Scenario Planner (Type 1 + Predictive feature)
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.
Below are the Links to Harmonic Pattern Scenario Planner
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
3. X3 Chart Pattern Scanner (Type 4 = hybrid)
This is our next generation Chart Pattern Scanner. This is non-repainting and non-lagging Harmonic Pattern Indicator. 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. You must try.
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/41992
https://www.mql5.com/en/market/product/41993

Japanese CandleStick Pattern with Price Pattern

Japanese candlestick pattern and price patterns like Triangle pattern, Falling Wedge, Rising Wedge, Double Top and Head and Shoulder patterns are often used to make buy and sell trading decision in Forex and Stock market. Have you ever thought using these two excellent patterns together for your trading ? Inside Price Breakout Pattern Scanner, you can access to the price patterns like Triangle, Falling Wedge, Rising Wedge, Double Top and Head and Shoulder patterns. At the same time, Japanese candle stick patterns are also built inside Price Breakout Pattern Scanner. This Japanese candlestick patterns are the kind of bonus feature for the trader who are using Price Breakout Pattern Scanner.
So what Japanese candlestick patterns can be detected with Price Breakout Pattern Scanner ? Including Doji Star, Hammer, Englufing, etc, you can asscess around 52 Japanese candlestick patterns. In Japanese candlestick inputs, you can switch on and off Candlestick pattern according to their type. For example, there are Japanese candlestick pattern made up from one candle bar, two candle bar, three candle bar, etc. You can switch on and off each according to your preference.
As a default setting, Pattern Name will be printed in chart. At the same time, you can bring your mouse over to each Japanese candlestick pattern to float pattern name in tool tip box (MT5 is more responsive than MT4 for this tool tip box) Alternatively, you can also change the angle of pattern name from horizontal to vertical or vice versa depending on your readability. In addition, we provide the YouTube Video for Price Breakout Pattern Scanner. With the video, you can see some basic operation of the price breakout pattern scanner. This video is applicable to both MetaTrader 4 and MetaTrader 5 platforms.
YouTube Video “How To Use Price Breakout Pattern Scanner”:

Here is the link to 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/p...ttern-scanner/

Turning Point and Trend

To accomplish the technical analysis of turning point and trend, you can use the chart pattern indicator like Fibonacci Analysis, Harmonic pattern and Elliott Wave pattern. You can use three techncial indicators to make buy and sell trading decision based on the turning point and trend.
X3 Chart Pattern Scanner
Below is the link to X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform. X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern Indicator. In addition, each Harmonic Pattern in X3 Chart Pattern Scanner can be customized to improve trading performance. With tons of powerful features toward the day trading, this is the next generation Harmonic Pattern Indicator.
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, we will introduce two Harmonic Pattern Indicator including Harmonic Pattern Plus and Harmonic Pattern Scenario planner. These Harmonic Pattern Indicator is repainting. However, they provide tons of powerful features at affordable price. Hence, if you do not mind the repainting Harmonic Pattern Indicator, then you can use these two tools. In addition, you can use X3 Chart Pattern Scanner together with Harmonic Pattern Plus or Harmonic Pattern Scenario Planner.

Harmonic Pattern Plus (Type 1)
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.
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/

Harmonic Pattern Scenario Planner (Type 1 + Predictive feature)
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.
Below are the Links to Harmonic Pattern Scenario Planner
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
Below is the landing page for Optimum Chart (Standalone Charting and Analytical Platform). Optimum Chart provides both X3 Chart Pattern Scanner and the repainting Harmonic Pattern Scanner. It provides one button click trading signal generator across all symbols and all timeframe. This feature makes the Optimum Chart the top pick for the serious Forex Trader.
https://algotrading-investment.com/2019/07/23/optimum-chart/

Harmonic Pattern Indicator Explained

In this article, we will explain the type of Harmonic Pattern Indicator used for Forex and Stock trading. Firstly, there are several variations of Harmonic pattern indicators in history of Price Action and Pattern Trading community. Not all the harmonic pattern indicators are the same. In the past the main variations of Harmonic pattern indicators can be categorized as following three different types.

1. 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.
2. Type 2: Lagging (slow signal) but non repainting – no option to enter at turning point. Indicator does not show the failed pattern but last pattern does not repaint.
3. Type 3: Detecting pattern at point C but repainting – option to enter at turning point. Indicator detect pattern too early and you have to wait until the point D. Pattern may not achieve point D. Indicator does not show the failed pattern and last pattern can repaint.

Type 1. Non lagging (fast signal) but repainting
First type is non lagging but repainting harmonic indicators. This sort of Harmonic pattern indicator is the typical harmonic pattern indicators used by many traders. The advantage is that you do get the signal early as possible. You have an opportunity to trade from the turning point all the ways down to the continued trend. The disadvantage is that you are not able to test your strategy in chart because this type of harmonic pattern indicator does not show the entry of the failed patterns in chart but only successful one. In fact, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner are under this category. They would provide the fastest signal but you will not able to test your strategy in your chart because they do not show the failed entry in chart.
Type 2. Lagging (slow signal) but non repainting
The second type is that lagging but non repainting. Some people use pretty words like minimal lag Harmonic pattern indicator or etc. But really lagging is just lagging. You can not make it really pretty though. As the literal meaning of lagging indicates, this type of harmonic pattern indicators provide you the lagging signal comparing to the first type. It will only provide you the signal after some times passed the turning point. Hence, you do not have an option to consider your entry from turning point. Depending on the pattern size, sometimes, the lagging can be only several bars but it can range up to several dozens of bars like 30 or 60 bars. Sometimes, your entry might be at the first reversal after the turning point. Hence you have be careful with this sort of entry. The advantage is that you will not experience repaint with the latest pattern though. I am not sure if non repainting property can offset the disadvantage of lagging signals because professional harmonic pattern traders are looking for the turning point entry.
Type 3. Detecting pattern at point C but repainting
The third type is that detecting pattern at C point completion not at D point completion. This type of Harmonic pattern indicator do exists. This type of Harmonic Pattern indicators detect patterns way too early at the point C. For this reason, you have to wait quite some time to trade at point D. If you are trade on higher time frame like H1 or H4 or D1, you might have to wait at least half days to several days. You might run out of your patience quickly with this type of Harmonic Pattern indicator by just waiting and waiting. Since, it is detecting pattern at point D, you are not able to see any failed entry in your chart either. So it does repaint. What is worse is that the pattern can be disappeared while you have been waiting some time. You are just wasting your time in this case.
Some people asked me if they can trade from point C to D. The answer is no because we only recommend to trade patterns after we have done intensive research. We did not do research on trading from point C to D.
By summarizing above three types of harmonic pattern indicator, we can draw some interesting conclusion. Non lagging means repainting and lagging means non repainting. There seems to be some balance between fast signal and repainting issues. It might be the universal or physical law.
4. Main problem of Harmonic Pattern Trading for starter
At the moment, the main problem of Harmonic pattern trading is that indicator or scanner does not show the failed patterns in chart. In fact, no harmonic pattern indicator or scanner shows anyway. Hence this is not the problem for you only but for entire harmonic pattern trader ( also including Elliott Wave pattern trader too). Because Harmonic pattern indicators (Type 1, 2 and 3) show only successful patterns in chart, some people take them as true success rate. This look like success rate of 90% or something.
But, this is not the true success rate. There are many failed patterns and they are just not shown in chart. Then why harmonic pattern indicator or scanner do not show the failed patterns in chart? Is it because we want to hide the failed patterns in the intention to show some false information to trader? Answer is no and never. We are all honest people. Simply it was considered as being impossible to create such a pattern detection algorithm showing failed patterns in chart. So the reason was simply because of the technological barrier.
Hence, experienced Harmonic pattern trader live with this fact every day including myself and others because no such a tool showing failed historical pattern in chart anywhere. We just use our experience to fill the missing information about the failed patterns.
For starters, however this makes difficult to visually understand and test strategy with patterns from chart. They have to rely on external source to learn strategy. This is hard for starters and even for experienced harmonic pattern trader. Sometimes, starters believe that harmonic pattern indicator provide the success rate that was counted from successful patterns only in chart like 90% or something as they do not know that harmonic pattern indicator (Type 1, 2 and 3) does not show failed patterns in chart.. This should be not the right motivation to get involved with harmonic pattern trading. The right motivation to trade with harmonic pattern is that you have an option to trade from turning point.
Now the question, can we have non lagging and non repainting harmonic pattern indicator showing failed historical patterns in chart? The answer is yes. We have broken the critical technological barrier. Now you can have non repainting and non lagging harmonic pattern indicator giving you the true success rate in your chart.
This would be great guidance and trading resource on its own. Because you can easily learn how to use pattern together with other technical and fundamental tools, this would relieve strategy concern for all harmonic pattern trader. You have to remember that non repainting and non lagging harmonic pattern indicator is superior than above three pattern indicators (Type 1, 2 and 3). However, because non repainting and non lagging harmonic pattern indicator shows failed patterns in chart, you might get the opposite perception. Please don’t. Repainting or lagging harmonic pattern indicator (Type 1, 2 and 3) will have equally bad or even more number of failed patterns comparing to non repainting and non lagging one.
For your advantage, it is always better to work with the indicator giving you the realistic success rate for your trading. Then you will quickly learn how to improve your trading. In long run, non repainting and non lagging harmonic pattern indicator is definitely good one to stick with. You can add extra filter or other secondary confirmation. These efforts are real because you can measure the realistic outcome with non repainting and non lagging indicator. Remember that you can readily find out the true winning system with non repainting and non lagging harmonic pattern indicator whereas it is very hard for repainting or lagging indicators (Type 1, 2 and 3).
5. Can we have non lagging but non repainting Harmonic pattern Indicator?
Now the question, can we have non lagging and non repainting harmonic pattern indicator? The answer is yes. This is the next generation of Harmonic pattern indicator which was born from intensive scientific research. We shipped the technology to our Profitable Pattern Scanner. We have provided it for the first time in history.
This type of non repainting and non lagging indicator will provide you the fastest signal entry like first type of harmonic pattern indicator. At the same time, it will show you the failed entry in your chart. Hence you can build and tune your strategy in your chart with other technical indicators at ease or even in backtesting mode. Since you can trade as you see from chart, the confidence of your trading will increase dramatically. This is the true hybrid of all above three types of harmonic pattern indicators. With little bit of knowledge on Pattern Completion Interval, you could take the entry at your favored risk to rewards ratio. We also provide Potential Continuation Zone to perfect your harmonic pattern trading. In addition, you can watch the YouTube Video titled 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”:

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”:
X3 Chart Pattern Scanner (Non Repainting + Non Lagging)
Below is the link to X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform. X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern Indicator. In addition, each Harmonic Pattern in X3 Chart Pattern Scanner can be customized to improve trading performance. With tons of powerful features toward the day trading, this is the next generation Harmonic Pattern Indicator.
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/

In addition, we will introduce two Harmonic Pattern Indicator including Harmonic Pattern Plus and Harmonic Pattern Scenario planner. These Harmonic Pattern Indicator is repainting. However, they provide tons of powerful features at affordable price. Hence, if you do not mind the repainting Harmonic Pattern Indicator, then you can use these two tools. In addition, you can use X3 Chart Pattern Scanner together with Harmonic Pattern Plus or Harmonic Pattern Scenario Planner.

Harmonic Pattern Plus (Type 1)
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.
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/

Harmonic Pattern Scenario Planner (Type 1 + Predictive feature)
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.
Below are the Links to Harmonic Pattern Scenario Planner
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

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/2...-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:

1. Open the Chart with the same timeframe shown in the table
2. 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.
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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”:

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”:
Below are the Links to Harmonic Pattern Plus
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
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/p...ttern-scanner/

Chart Pattern Detection on Multiple Timeframe

X3 Chart Pattern Scanner comes with the ability of detecting pattern across different timeframe. This feature is handy because you can scan potential buy and sell signal from one chart only. Here we show how to do it in your chart. Simply go to input setting. Then set “Use Multiple Timeframe Pattern Detection” = true. Check the screenshot for the procedure.
Of course, the pattern detection at multiple timeframe will force 6 to 9 times heavier computation to your MetaTrader. Hence, this will push your CPU and Memory higher. Before using this multiple timeframe feature, please do understand the trade off between heavy computation and the CPU and memory. If your computer has strong CPU and bigger RAM, then this would be no problem.
Link 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/p...ttern-scanner/

Elliott Wave Indicator for Objective Elliott Wave Trading

Elliott Wave is popular Trading strategy in the trading world. The Elliott Wave Theory was originally developed by Ralph Nelson Elliott. It was populated by Robert Prechter.
In the original Elliott Wave Theory, Ralph Nelson Elliott left three Wave rules in counting Elliott Wave. A correct Elliott Wave counting must observe three rules:

1. Wave 2 never retraces more than 100% of wave 1.
2. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
3. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.

These three rules are the very general statement about the movement of the financial market. There are a lot of subjectivity when we apply these original rules in trading. Hence, we do not recommend you to trade with these general rules.
In practice, we need more specific and objective rules instead of above general rules. Yes, we will follow the general rules but we will measure the accuracy of Wave Pattern Structure to eliminate bad Elliott Wave patterns in trading.
Elliott Wave Trend is the first indicator that provides the objective measurement around the Elliott Wave pattern structure. Wave structural score will guide you to trade with more accurate and defined Elliott Wave pattern structure. Two Wave structural scores we are using are:
1) Impulse Wave Structure Score (IWS Score) – measure the accuracy of Impulsive Elliott Wave in percents. For example, IWS Score can be used to detect Elliott Wave 123, Elliott Wave 1234 or Elliott Wave 12345 patterns.
2) Corrective Wave Structure Score (CWS Score) – measure the accuracy of Corrective Elliott Wave in percents. For example, CWS Score can be used to detect Corrective Wave ABC patterns.
With these two Wave Structure Score, you can identify the correct Elliott wave patterns from many candidate Wave patterns.
Of course, in Elliott Wave Trend, these two Wave Score will be automatically calculated and presented for your trading. In addition, Elliott Wave Trend presents you candidate Wave patterns automatically so that you do not have to spend time on drawing these patterns manually.
In the screenshot below, we shows the Elliott Wave 12345 pattern with IWS Score of 89.9% (IWS Score > CWS Score). With this high Wave Structure score for Elliott Wave 12345 pattern, you have a high chance to spot the market turning point correctly.
Elliott Wave Trend is the Advanced Elliott Wave Indicator for your trading. Stay with Objective Elliott Wave Trading for the best possible trading performance.
Here are the links for Elliott Wave Trend.
https://algotrading-investment.com/p...tt-wave-trend/
https://www.mql5.com/en/market/product/16479
https://www.mql5.com/en/market/product/16472

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. X3 Chart Pattern Scanner for MetaTrader 4
X3 Chart 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/

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”:
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”:

Tutorial Using Excessive Momentum and Fibonacci Ratio Analysis

With Excessive Momentum Indicator, you can access to the automatic Fibonacci Ratio Analysis. Combining these two powerful trading system are the excellent ways to trade in Forex market. In this article, we will show you how to combine both with step by step guide.
When there is an unexpectedly long bearish and bullish price movement, the indicator will detect these excessive momentum area for your trading. This excessive momentum zone are often the true accumulation and distribution area in the Volume Spread Analysis. What does this mean for your trading ?This means that entry around this excessive momentum area can provide you the great advantage that favors your Reward and Risk for your trading whether they are breakout trading or reversal trading. The indicator provides such a great opportunity automatically.
In addition, Fibonacci retracement level can provide further idea about when the price can move according to our expectation. To call the Fibonacci retracement level automatically, simply click on the circle at the Excessive Momentum Zone. Then it will place the Fibonacci retracement level automatically in your chart. The thing is that the placed Fibonacci Retracement level might be too short in its width. Sometime, you want to project the Fibonacci Retracement level far right to see the price action around the retracement level. It is doable too.
To do so, double click on the Fibonacci retracement object in your chart. Then you will see the three anchor points in the retracement object. Drag the right anchor point to the right. You can drag them as far as you want to cover the chart area at your interest. Please check the screenshot attached to complete this tutorial.
This Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version). You can watch the YouTube videos to find more about the Excessive Momentum Indicator.
YouTube Video Momentum Indicator:
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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
With Excessive Momentum indicator, you can use our Free Volume Spread Pattern Detector. Volume Spread Pattern Detector is a great free tool to complete your Volume Spread Analysis to detect Accumulation and Distribution. Or even you can use them to detect important support and resistance for your trading too. Here is the link to the free Volume Spread Pattern Detector.
https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
https://algotrading-investment.com/p...tern-detector/
In addition, Volume Spread Pattern Indicator is the more advanced version of Volume Spread Pattern Detector. If you want to improve your trading performance even more, then we recommend using Volume Spread Pattern Indicator. This is not free indicator but it is affordable. Here is the link to the Advanced Volume Spread Analysis indicator.
https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
https://algotrading-investment.com/p...ern-indicator/

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. It can detect many harmonic patterns at the price revesal like Gartley Pattern, Butterfly Pattern, Bat pattern and so on. At the same time, you can forsee future harmonic patterns in the price range by just one button click. You can make precision buy and sell entry with the detected harmonic patterns. You can find this indicator for both MetaTrader 4 and MetaTrader 5, which is the most popular trading platform for Forex and Futures.
If you want to avoid any complex feature, then Harmonic Pattern Scenario planner can be used like Harmonic Pattern Plus. Hence, it is easy and friendly to use. At the same time, if you do not mind more advanced features, then it combines powerful Monte Carlos Simulation to provide you advanced harmonic pattern search capability. This feature is the most unique feature provided from Harmonic Pattern Scenario Planner. Monte Carlo Simulation can help you to find future reversal points in advance.
For your information, we provide two YouTube videos with title and links below. Although these two videos are not created using the Harmonic Pattern Scenario Planner, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like.
YouTube “Harmonic Pattern Indicator”:
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”:
Here is the product link to Harmonic Pattern Scenario Planner. You can find more about the features of this advanced Harmonic Pattern Detection Indicator from the landing page below.
https://algotrading-investment.com/p...nario-planner/
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240

Harmonic Pattern – Predict Turning Point

Before using Harmonic Patterns, it is necessary to ask the rational behind the harmonic pattern. In fact, you will do the same for any trading strategy. You should never blindly trade because some one recommend you any particular strategy or you read some articles on website. You need to take sufficient time to understand the rational behind the trading strategy and then you will move on to the operation with the trading strategy. This article “Patterns are the Good Predictor of Market Turning Point” is such an article helping you to understand the rational behind the harmonic patterns and its trading strategy.

If you are harmonic pattern trader, then you must read this article.

https://algotrading-investment.com/2...turning-point/

In addition, you can watch the YouTube Video titled 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”:
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”:

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Here are some list of the harmonic pattern indicators available in MetaTrader 4 and MetaTrader 5 platform. We also include some description for each harmonic pattern indicator.
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. Please note that this is repainting and non lagging harmonic pattern trading system.
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/p...-pattern-plus/
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. Please note that this is repainting and non lagging harmonic pattern trading system.
https://www.mql5.com/en/market/product/6240
https://www.mql5.com/en/market/product/6101
https://algotrading-investment.com/p...nario-planner/

Both Harmonic pattern plus and Harmonic Pattern Scenario planner are the excellent trading system at affordable cost. However, if you do not like repainting Harmonic pattern indicator, then we also provide the non repainting and non lagging harmonic pattern trading. Indeed, the X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and Elliott Wave pattern scanner. Just check the X3 Chart Pattern Scanner below.
Link 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/p...ttern-scanner/

Harmonic Pattern Indicator Video

Here is some videos on Harmonic Pattern Indicator on Youtube that shows the some features of Harmonic Pattern Automatic Scanner.
The video explains stop loss, take profit and Potential Continuation zone (PCZ), Potential Reversal Zone (PRZ), Pattern Completion Zone (PCZ), etc for Harmonic Pattern Plus (also applicable to Harmonic Pattern Scenario Planner)
YouTube:
Here is a video tutorial on X3 Chart Pattern Scanner on YouTube. This video will provide a brief guide on X3 Chart Pattern Scanner.
YouTube:
For your information, above videos are bit old now. This means that both harmonic pattern plus and X3 chart pattern scanner has a lot more features added after the creation of the video. However, the video is still good to show you some basic features of both Harmonic Pattern Indicator. Simpley visit our website for both of them.
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/p...ttern-scanner/

Non Repainting Supply Demand Indicator

Ace Supply Demand Zone is the non-repainting Supply Demand indicator. This supply demand indicator is very useful to trade with the market turning point. Its trading strategy is based on the price pattern detection like Drop-Base-Rally, Rally-Base-Drop and so on. Since you have an access to fresh supply and demand zone as well as the historical supply demand zone, you can achieve much better profiling on price movement in Forex market. In addition, the trading zone idea provides you an excellent way of managing your trading risk. This is really useful if you have at least learnt how to use the support and resistance trading, which is the most popular technical analysis in Forex and Stock market.
With the Ability to trade the original supply demand zone trading, you can also perform highly accurate Angled Supply Demand zone trading as a bonus. With a lot of sophisticated gadgets built inside, Ace Supply Demand Zone indicator will provide you unmatched performance against other Supply Demand zone indicator out there.
Here is the 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/
In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. In terms of indicator operation, both mean reversion supply demand and ace supply demand zone indicator are similar. Hence, you can watch this YouTube Video to accomplish the supply demand zone indicator.
YouTube “Supply Demand Zone Indicator”:

Harmonic Pattern

Harmonic Pattern is a chart patterns used in Forex and Stock market including Butterfly, Gartley, Bat, Alternate Bat, AB=CD, Shark, Crab, Deep Crab, Cypher, 5-0 Patterns, 3 Drives Pattern and so on. Harmonic patterns are another fractal wave patterns that frequently used by many financial traders. Harmonic patterns are typically made up from two or three triangles (i.e. three price swings or four price swings). The structures of the harmonic pattern are based on the Fibonacci ratios. Hence, some people consider Harmonic pattern as an advanced Fibonacci price patterns.

The history of the harmonic pattern goes back to the Gartley’s book “Profits in the Stock Market” in 1935. At that time, Gartley described the trend reversal pattern on page 222 of his book. The pattern become popular in the late 1990s (Pesavento and Shapiro, 1997). Since then, many traders developed the common interest in looking for the repeating patterns in the financial markets. The harmonic patterns were refined many times in several decades. Harmonic trader emphasizes that the patterns are not only repeating in history but they also follow natural orders. Although few different references exist about the meaning of the natural orders, the natural orders mostly means the periods of the neighbouring waves in the Fibonacci relationship (Pesavento and Shapiro, 1997). Fibonacci ratio derived from Fibonacci numbers are the core relationship used in harmonic pattern identification.

Two main elements of Harmonic pattern trading are the pattern recognition and the market timing. Between those two elements, the pattern recognition is the prior task before the market timing. Mostly harmonic patterns consist of five points except few patterns. The five points are denoted as XABCD conventionally (Figure 1-2). Harmonic Pattern trading is the typical mean reversion trading strategy. It assumes that the market will change direction, for example, from buy to sell or from sell to buy. In fact, the harmonic pattern detection is equivalent to detecting the turning point. Although the accuracy of the turning point prediction is subject to the probabilistic nature, harmonic pattern trading is popular among traders.

You can read full article here. This article explains everything about Harmonic Pattern.

https://algotrading-investment.com/2...monic-pattern/


Harmonic Pattern Detection

Manual detection of Harmonic Pattern is a tedious task. Most of traders use Harmonic Pattern Indicator or Harmonic Pattern Scanner, which uses automated algorithm to detect Harmonic Patterns. Each Harmonic Pattern Indicator and Harmonic Pattern Scanner have differnt attributes. The important point about Harmonic Pattern detection is that there is a trade off between fast signal and repainting. Here we list four types of Harmonic Pattern Detection for your information.


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.

Harmonic pattern plus is type 1 Harmonic Pattern Indicator. It 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.
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/p...-pattern-plus/

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.

Harmonic Pattern Scenario Planner can be used like type 1 or type 3 Harmonic Pattern Detector. 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.
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/p...nario-planner/

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”.

X3 Chart Pattern Scanner is type 4 Harmonic Pattern Indicator, which can be considered as the hybrid of type 1, type 2 and type 3. With non repainting and non lagging algorithm, this tool can detect with Harmonic Pattern, Elliott Wave Pattern, X3 Pattern structure for your trading. As a bonus, it provides your Japanese candlestick patterns too. X3 Chart Pattern Scanner is type 4 harmonic pattern indicator, which means that you can fine tune your strategy using historical patterns while you are trading the same patterns on live trading.
https://www.mql5.com/en/market/product/41993
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Quick Guide for Harmonic Pattern

This article provides a guide for Harmonic Pattern and Harmonic Pattern Indicator used in Forex and Stock market. Harmonic Pattern Plus detects the reversal (turning point) patterns in your chart automatically. The software will recommend you to the potential entry and exit for your trading at turning point. With some discretionary thinking together, using Harmonic Pattern Plus is the profitable and convenient way for your trading. With a lot of automation, you have very little work to do for your trading. Harmonic Pattern Plus was evolved for many years to meet the needs for the professional traders. As a result, Harmonic Pattern Plus contains many different features and functionalities in one software. Because of this comprehensive feature, starters can get little frustrated at the beginning. However, it is important to remember that everyone evolve to different stage and different mind-set in his or her trading career. It is better not assume anything too quick. As your skills improve with your trading, you will be glad that Harmonic Pattern Plus offers those features and functionalities for your trading. Obviously, there are clear reasons that those feature and functionality are there. You may not see the benefit now but you can see the benefits in the future. Just avoid making too quick assumption or judgement on the software just after few days of using them. It is important to remember that you do not have to use all of features and functionalities at the same time. You will likely to use some features and functionalities depending on your experience and preferences. Please switch off rest of feature and functionality and only leave the features best suit for your needs. In this article, we provide brief description of features in Harmonic Pattern Plus.
Important Note: This document is applicable to Harmonic Pattern Scenario Planner too. So you can read it if you are Harmonic Pattern Scenario Planner User.
1. Automatic Reversal (turning point) Pattern Detection
It is the primary function of Harmonic Pattern Plus. Once the reversal (turning point) pattern is detected, you can anticipate the turning point in the market. It is not bulletproof strategy but many professional trader uses these patterns successfully in the financial market. Since each pattern show the direction of trading, it is not difficult to follow each pattern for your trading.

You can read full article here. This article explains everything about Harmonic Pattern and Harmonic Pattern Indicator.

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Harmonic Pattern Plus is a repainting but powerful pattern scanner with tons of professional features. It also provides the pattern completion zone to manage your trading risk.
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Harmonic Pattern Scenario Planner is a repainting but predictive pattern scanner. It is the most advanced Harmonic Pattern Scanner available in the market. Of course, it comes with tons of professional features too. It also provides the pattern completion zone to manage your trading risk.

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X3 Chart Pattern Scanner is the non repainting and non lagging Harmonic Pattern and Elliott Wave pattern. This pattern scanner provide you a lot of advantage for your trading from its non repainting and non lagging pattern detection algorithm. This is our next generation chart pattern scanner. At the same time, you can customize each pattern structure to find the most optimal trading entry and exit. It also provides the pattern completion zone to manage your trading risk.

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