Price Breakout Pattern Scalper EA For Free

Pattern Completion Zone VS Potential Reversal Zone

In previous chapter, we have described the Pattern Completion Zone, also known as Pattern Completion Interval, in details. Now many harmonic pattern trader can be curious how the Pattern Completion Zone (PCZ) is different from the Potential Reversal Zone (PRZ). In first place, as the PCZ and PRZ are derived from different process, they are different tool to trader. Having said that, the deriving process for PCZ and PRZ might be too complicated causing some traders to confuse the concept of each other. For this reason, we will clarify the difference by directly comparing PCZ and PRZ look. Let us look at the Potential Reversal Zone. So what is Potential Reversal Zone? Simply speaking potential Reversal zone is the area where three or four Fibonacci levels are converging together. Potential Reversal Zone can be used to detect the final Point D of the Harmonic Pattern by projecting several Fibonacci retracements respectively from the point X, A, B and C. The area of the Potential Reversal Zone can be defined by the top and the bottom projected levels in the all projected levels as shown in Figure 5-1.
The main difference between PCZ and PRZ is that Pattern Completion Zone forms the strict Symmetrical Trading Zone around the ideal Point D (Figure 5-3 and Figure 5-4). The Potential Reversal Zone (PRZ) does not form the symmetrical zone. However, the PRZ area formation is dependent on the location of each Fibonacci level projections as shown in Figure 5-1 and Figure 5-2. Sometime PRZ area can form the symmetrical trading zone but it is only by chance. Most of time, Potential Reversal Zone will not form the symmetrical trading zone. On the other hands, Pattern Completion Zone will strictly form symmetrical trading zone for every harmonic pattern. Due to this symmetrical property of the Pattern Completion Zone (= Pattern Completion Interval), trader can use many different trading strategies around the symmetrical trading zone beyond the classic harmonic pattern trading setup. With Pattern completion Zone, you can expand your classic trend reversal entry to hedging and breakout trading by setting identical but opposite trading. For example, for bullish Harmonic Pattern formation, you are able to setup the buy and sell hedging positions or straddle breakout setup around the Pattern Completion Zone. This is possible because the Pattern Completion Zone provides the median open price, which can be mirrored around the Ideal Point D.

In addition, Pattern Completion Zone provides you the direct numerical description corresponding to the size of the Harmonic Pattern. Therefore, the size of symmetrical trading zone around the Pattern Completion Zone is a sensible measurement for your stop loss and take profit for each Harmonic Pattern. Especially, once you have mastered the Pattern Completion Zone for your trading, you can gauge your Reward/Risk Ratio with real time market data without the need of any other additional tools. You can expand this with limit and stop order for better managing your order and risk. Overall, Pattern Completion Zone can provide you precise and fast decision-making process for your Harmonic Pattern Trading. In next chapter, we will continue to show you how the symmetrical trading zone works to manage your order and risk in details.

If you want to access automated Harmonic Pattern Detector, then you can also buy the Harmonic Pattern Plus or X3 Chart Pattern Scanner available in MetaTrader 4 and MetaTrader 5. In Harmonic Pattern Plus, you can access many additional features on top of the harmonic pattern trading signals. For example, you can also access Advanced Channel and around 52 Japanese candlestick pattern. It will also draw the Pattern Completion Interval automatically in your chart helping you to set your stop loss and take profit targets. It is a repainting indicator but it comes at the affordable price.

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/p...-pattern-plus/

If you need more advanced one than Harmonic Pattern Plus, then you can use our X3 Chart Pattern Scanner. X3 Chart Pattern Scanner is the non repainting and non lagging Harmonic Pattern and Elliott Wave Pattern Scanner with multiple of advanced features. You can even customize the patterns you want to detect by changing their pattern structure. At the same time, you can use both repainting and non repainting Harmonic Pattern Indicator together. This means that you can combine to use Harmonic Pattern Plus with X3 Chart Pattern Scanner if you wish.

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/

You can read Guide to Precision Harmonic Pattern Trading to understand more about the Harmonic Pattern Strategy.

https://algotrading-investment.com/p...ttern-trading/

Beat Inflation Together Discounts for MetaTrader Indicator

Global Inflation, what now? We thought that we will enjoy some recovery from the COVID 19 crisis. However, soon there was a war. This affect the global economy increasing the uncertainity, inflation, and interest rate. This is not nice. Everything on the street are getting more and more expensive including energy, food, cloth, house and so on. We really deserve some good time after the two years of suffering from the Covid 19.
We know this global inflation affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products. So we provide special discounts for 12 MetaTrader products all together.

Discounted price is shown in the screenshot for the following six products.

Ace Supply Demand Zone indicator
Advanced Price Pattern Scanner
Elliott Wave Trend
Price Breakout Pattern Scanner
Harmonic Pattern Scenario Planner
X3 Chart Pattern Scanner (=Profitable Pattern Scanner)

This discounted price is only available when you buy these products from mql5.com
The price will go back to the original price when the discounts ends. Please take the discounted price now while it last only.

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

On top of the special discounts for MetaTrader 4 and MetaTrader 5 products, we have another gift for you.

We are selling all our Books in special discount price. All our books are currently selling in just 3 dollar at the discount. The original price was 9.99 dollar for each book. Hence, you save 6 dollar per a book. We will keep this discounted price for these books until this campaign lasts. Get them now when they are cheap. Get the good self education towards the day trading and technical analysis to achieve financial freedom.

Below we provide the title of the books at the discounted price.

Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)
Predicting Forex and Stock Market with Fractal Pattern: Science of Price and Time
Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)

Below we provide the link of the Books at the discounted price.

https://algotrading-investment.com/p...monic-pattern/
https://algotrading-investment.com/p...-stock-market/
https://algotrading-investment.com/p...ttern-trading/
https://algotrading-investment.com/p...ttern-trading/
https://algotrading-investment.com/p...actal-pattern/
https://algotrading-investment.com/p...-stock-market/

Introduction to Momentum Trading

Profitable Trading Idea

In this article, we will explain how to use Price Momentum in Forex and Stock trading. We will start it by sharing some idea behind the profitable trading strategy. First of all, trading is an applied science. The profit for day trader comes from the good discipline driven by fact and evidence. Likewise, the profit for any systematic trading is the fruits of the good market analysis driven by fundamental and technical knowledge. To access more profits as a trader, you will need an improved discipline and technological advancement together allowing you to see the predictable behavior of the financial market. Many traders will highly emphasize that the technology is the key to success. Many will agree that the good automated indicators and tools will provide the edge to the average trader. It is the growing trend in the modern electronic trading environment.

Then where the profit comes from ? Profit comes from the regular movement in the market. That is something we can analyze and can make use to predict the next movement of the financial market. These five regularities shown in the Figure 1 are typically what traders are looking to catch in their trading. We highly emphasize to look for or focus on the fifth regularity in your practical trading. The fifth regularity says that the price in the financial market will move in the zigzag path. Mathematically, this is described as fractal wave or repeating patterns. Fundamentally these happens to balance the supply and demand force.

Introduction to Excessive Momentum Trading

Excessive momentum is the technique to identify unusually strong supply or unusually strong demand by analyzing the price series. Why do we need to care about the unusually strong supply or unusually strong demand in our trading? It is because unusually strong supply or unusually strong demand are the sign of the end of the current trend ( or birth of new trend). As you probably guess, when the new trend is born, you can ride the highest profit as possible. Hence, the excessive momentum can provide you the attractive entries for your trading.
Now probably you are starting to make some sense. That is good. Your intuition will start to tell you that this excessive momentum can provide good trading opportunity. When the balance is broken marginally, we can consider it as the market anomaly. Two potential causes can drive the occurrences of Excessive momentum. Firstly, the excessive momentum could be caused by some irrational price reaction like the late comers buying stocks after the stock have gone up too much. Secondly, the excessive momentum could be caused by strong belief of the crowd that the price will continue to go in the same direction. Whichever scenario is driving the excessive momentum, it is where we can observe the crowd psychology clearly. Excessive momentum provides the good market timing. We will also confirm that with the volume spread analysis to make further sense with excessive momentum trading.


You can read everything about Momentum Trading from the original link below.

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


Volume spread analysis and excessive momentum zone are not a rocket science although detection of excessive momentum requires the sophisticated algorithm. But we did a lot of work to provide you the automated tools for your trading. With the automated Excessive Momentum detection tool, you can easily detect the broken balance between 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 three important summary about the Excessive momentum, Accumulation and Distribution area.

1. Excessive momentum provides the important clue to detect accumulation and distribution area outlined by Wickoff Cycle. Other methodology of finding Accumulation and Distribution area is not as good as the Excessive momentum indicator.
2. Detected Accumulation and Distribution area can indicate the fresh price movement that will expand in full scale. This is often the best entry or exit for your trading with highest rewards and smallest risks.
3. Accumulation and distribution area do not come in alternating manner. It can come like accumulation – accumulation – distribution or distribution – distribution – distribution – accumulation. Hence, do not get confused it from the original Wickoff cycle screenshot.

Excessive Momentum Indicator can detect the final phase of the price momentum. This final phase of the price momentum usually provide the good place to identify the accumulation and distribution area in Volume Spread Analysis. At the same time, this final phase of the price momentum is a excellent place to identify the supply and demand unbalance in the market. Excessive Momentum Indicator is the excellent tool for the advanced momentum trading. Here is link to Excessive Momentum Indicator for MetaTrader 4 and MetaTrader 5.

https://algotrading-investment.com/p...tum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621

Introduction to Peak Trough Analysis for Trading

After we have released the Peak Trough Analysis indicator (free), we have many responses from traders about the usefulness of Peak Trough Analysis for their technical analysis. Yes, that is exactly why we have developed the peak trough analysis. Although it is free, it can be powerful for your trading, especially in detecting chart patterns like support resistance, supply demand zone, Harmonic Pattern, Elliott Wave, Triangle Pattern, Rising Wedge Pattern and Falling Wedge Pattern, Head and shoulder pattern and so on. In fact, the peak trough indicator provides the good connection between the peak trough analysis and how to reveal the structure of the Forex and Stock market dynamics. More precisely, the peak trough analysis helps to visualize the Fractal Wave in Forex and Stock chart. In practice, the peak trough analysis can advance your price action trading. This is not just intuitive for your trading but we have the formulated logical and reproducible ways for your trading. You can use the peak trough analysis tool without much explanation since they are very simple and easy to use.
However, if you really want to digger deeper and to have more performance with the peak trough analysis, then you can look into the book: Scientific Guide To Price Action and Pattern Trading: Wisdom of Trend, Cycle, and Fractal Wave.
https://play.google.com/store/books/...d=5prUDwAAQBAJ
https://www.amazon.com/dp/B073T3ZMBR
https://www.scribd.com/book/39456637...attern-Trading
We shows more comprehensive explanation and usage in the peak-trough analysis in this book. At the same time, in our website, the peak trough analysis is the most basic trading tool you can use. If you need more sophisticated but automated tools for your trading, then you can visit our website. You will find much more powerful trading system than the peak trough analysis indicator. As we have mentioned, the peak trough analysis indicator is the most basic one you can use among our products. For example, we provide the Harmonic Pattern Scanner, Elliott Wave Indicator, Chart Pattern Scanner, Volume Spread Analysis tools. Please visit the link below to find out more about the powerful technical analysis.
https://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Here are the free download link for Peak Trough Analysis for MetaTrader 4 (MT4):
https://www.mql5.com/en/market/product/23797
Here are the free download link for Peak Trough Analysis for MetaTrader 5 (MT5):
https://www.mql5.com/en/market/product/22420
You can also download it for free from Algotrading-Investment.com. Link is shown in the belwo.
https://algotrading-investment.com/p...analysis-tool/

Advanced Supply Demand Zone Indicator

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

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

Below are the links to the Mean Reversion Supply Demand indicator for MetaTrader 4/MetaTrader 5.

https://www.mql5.com/en/market/product/16823
https://www.mql5.com/en/market/product/16851
https://algotrading-investment.com/p...supply-demand/

Ace Supply Demand Zone

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

Below are the links to the Ace Supply Demand Zone indicator for MetaTrader 4/MetaTrader 5.

https://www.mql5.com/en/market/product/40076
https://www.mql5.com/en/market/product/40075
https://algotrading-investment.com/p...y-demand-zone/

For your information, both mean reversion supply demand and Ace supply demand zone indicator uses completely different algorithm in detecting supply and demand zone.

Stop Loss and Take Profit with Harmonic Pattern

In this article, we will explain how to set stop loss and take profit with Harmonic Pattern. For any professional trading strategy, there are ways to set stop loss and take profit. Fortunatley, Harmonic Pattern can provide easy way to set stop loss and take profit with Pattern Completion Zone. Pattern Completion zone is not the rocket science. It is a rectangle box drawn around the point D of any Harmonic Pattern. It can be drawn for any Harmonic Patterns including Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on.

You can consider the pattern completion zone as the trading zone simply speaking. If you are not sure what is the trading zone, then think it as the price range, often used in the support resistance trading or supply demand trading or volume spread analysis or any other technical anlaysis. You can read more about the pattern completion zone and trading zone in Guide to Precision Harmonic Pattern Trading. However, if you have not read the book yet, we can assume it as the price range around the point D in the Harmonic Pattern. Typically, the pattern completion zone will be provided with Harmonic Pattern Indicator or Scanner you are using for the purpose of the risk management. Pattern completion zone is useful to visualize the price trajectory around the point D of the Harmonic Pattern. For example, price can have several trajectory inside or outside the pattern completion zone.

With the Pattern Completion Zone, sometimes you can observe that price can penetrate through the pattern completion zone. Sometimes, price might just make a good turning point within the Pattern Completion Zone. This implies that we need to set the sensible stop loss when we trade with the turning point. This means that we need to watch out the size of the stop loss and take profit. In another words, we need to think about Reward to Risk ratio. This is really important quantity to understand if you want to become a profitable trader.

You can read more about setting stop loss and take profit with Harmonic Pattern from this original article at algotrading-investment.com. The original article will provide through guide on setting stop loss and take profit with Harmonic Pattern.

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


Below, we provide the landing page for Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner for your information.

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/

X3 Chart Pattern Scanner

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. Beside, X3 Chart Pattern Scanner provides many other powerful features like the customizable option and advanced channel and so on
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 and Non Lagging Harmonic Pattern Scanner

X3 Chart Pattern Scanner is the world first Non Repainting and Non Lagging Harmonic Pattern Scanner. Harmonic pattern indicator and scanner help you to automatically detect the Harmonic Patterns like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on. If you have used the automated Harmonic Pattern Scanner, then you probably know some specific facts about the harmnic pattern indicators in regards to repainting. Repaintng is a fact you should know about when you buy Harmonic Pattern indicators and Scanners on the internet. It does not matter which website you get from or which company you get from or what price you get from, the automated Harmonic Pattern indicator and Scanner can be repainting and if not, then they will lag behind the actual Harmonic Pattern signal. In addition, they will not show the fully synchronized real time signal like you can observe the historical signals in your chart. This can confuse the real trading performance or success rate of your trading strategy with Harmonic Pattern.
Despite of the fact that many trader uses Harmonic Pattern indicators and Scanners, this happens due to the technological limitation. Harmonic Pattern provides the fast signal entry comparing to other techncial indicator. Instead of this fast signal, they are repainting. Hence, there is a trade off between the fast signal and repainting. Think about the moving average or other technical indiactor. In terms of the trading signal, they mostly lags behind the actual turning point due to the smoothing algorithm used in the techncial indicator. This is to say that it is very hard to build the Harmonic Pattern Detection indicator that gives you the fast trading signal without repainting. Even if someone build that non repainting Harmonic Pattern indicator, finding the consistency between real time signal and historical signals are another story. But everyone want to have this sort of dream Harmonic Pattern Indicator even though techncially such a harmonic pattern indicator is really hard to build.
After the intensive research, X3 Chart Pattern Scanner is the game changer for everyone. It does not repaint or lag. It will provide you pattern at turning point but you do not have to worry about if incomplete harmonic pattern will disappear from the chart or not. It will provide the real trading signal as you can see in the historical signals in your chart. You can backtest your trading logic with any secondary confirmation from your chart. Hence, you can base your trading entry and exits as you perceived from your chart. In another words, you can trade as you see from your chart. All other Harmonic Pattern scanner does not provide this sort of direct backtesting capability in your chart.
As a bonus, X3 Chart Pattern Scanner provides around 52 Japanese candlestick patterns + Advanced automatic channel function to improve your trading performance. Of course, there are tons of other powerful features for your trading. You can find those features from the landing page of X3 Chart Pattern Scanner. Below is the link to X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5.
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/41992
https://www.mql5.com/en/market/product/41993
Here are some YouTube Videos about Non Repainting Harmonic Pattern Scanner. This Youtube video will explain some features of X3 Chart Pattern Scanner, the non repainting, non lagging harmonic pattern and Elliott Wave pattern indicator. Please watch the video to find out more about the non repainting Harmonic Pattern indicator.
YouTube:
YouTube:
However, if you do not mind repainting or historical backtesting, then we provide the powerful Harmonic Pattern indicator at affordable price. For example, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner are the repainting Harmonic Pattern Indicator with tons of powerful features. You can have a look what powerful features are included inside Harmonic Pattern Plus and Harmonic Pattern Scenario Planner from the link below. Most importantly, they come at affordable price and they are easy to use. Please have a look at the link below.
https://algotrading-investment.com/2...ntroduction-2/

Potential Continuation Zone with Harmonic Pattern

Potential Continuation zone is a powerful concept for Harmonic Pattern Trading. Potential Continuation Zone was introduced first in the book: Guide to Precision Harmonic Pattern Trading. Simply speaking, the potential continuation zone is the opposite concpet to the potential reversal zone (PRZ). Typically, potential continuation zone is placed above the point D of the bullish Harmonic Pattern. Likewise, it is placed below the point D of bearish Harmonic Pattern. At simplest level, you can use the Potential Continuation Zone like support and resistance. Here we will show you how to improve your Harmonic trading marginally using this powerful PCZ concept.
As it was shown in the book, good harmonic patterns for your trading have a well balanced Potential Continuation Zone and Potential Reversal Zone. Typically harmonic patterns with good spread of PCZ levels will help your trading immensely. In this technique, you will be looking at those harmonic patterns in higher timeframe first. Then lock the pattern in your chart. Now change your timeframe to lower like M30 or H1 or H4, etc.
You will wait for the formation of Harmonic pattern near the PCZ level of higher timeframe. Once you have found the harmonic pattern near PCZ level, then there is potential entry for you. You will be triggered when the price crosses the PCZ level and you will trade in the direction of Harmonic pattern in lower timeframe.
This is one of the technique you can trade with Potential Continuation zone. If the formation of harmonic pattern in lower timeframe coincide with Potential Reversal Zone of higher timeframe, you can still make the same trading decision as I have described before.
With this technique, your accuracy of harmonic trading will increase marginally. This technique works well because you have good grab of market insight in both higher and lower timeframe.
Here is further tip when you are using Harmonic Pattern Scenario Planner. In this case, you will follow step 1, 2 and 3 in the screenshot. With Harmonic Pattern Scenario Planner, you can predict potential harmonic pattern formation in advance in lower timeframe. So you could anticipate at which level you will be trading before other trader. Prediction future harmonic pattern is real good stuff from Harmonic Pattern Scenario Planner.
As it was mentioned in the book: Guide to Precision Harmonic Pattern Trading, your best harmonic pattern trading opportunity will appear when you blend the three concepts well in your trading including Potential Reversal Zone, Potential Continuation Zone and Pattern Completion Zone (Or Pattern Completion Interval).
We hope you to become truly incredible trader with our cutting edge trading technology. Here are some excellent Harmonic Pattern Indicators for your trading. We will share the links to the landing page of these Harmonic Pattern indicators. Both Harmonic pattern indicators are available for MetaTrader 4 and MetaTrader 5.
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/

Order Management for Harmonic Pattern

This article will provide some ideas of managing buy and sell orders in Forex trading with the Pattern Compltion Interval in Harmonic Pattern. Many harmonic pattern trader use some arbitrary order management. Some uses Fibonacci levels but they are not able to measure or think how each winning and losing trades can affect their trading balance. You do need to know this to grow your capital safely. Risk and Order management is not the concept you can skip regardless of your trading strategy. So how can we manage buy and sell orders when we are trading with harmonic patterns like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern ? The simple and effective way is to use Pattern Completion Zone. Pattern Completion Zone is a trading zone around Point D of Harmonic Pattern. In Harmonic Pattern, Pattern Completion Zone can help you to achieve the desired Reward to Risk ratio, which is the most important success factor for your trading.

Pattern Completion Interval (=Pattern Completion Zone) was introduced in the Book: Guide to Precision Harmonic Pattern Trading to help you to trade with harmonic pattern with more scientific risk management. Of course, you can find more details about the Pattern Completion Interval from the book.
Link to Book: https://algotrading-investment.com/p...ttern-trading/
Here is one of many approaches how you may use the Pattern Completion Interval concept for your trading. Of course, this approach is compatible with your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. We produce this diagram so you can understand this approach intuitively without any calculator in your hands. Tr = Take Profit Ratio and Sr = Stop Loss Ratio. The diagram shows the case of two orders but you can even generate more orders taking this example further. Hopefully this new diagram is easier to understand than previous one.

Of course, this precision trading frame work is inclusive to our Harmonic Pattern Indicators including Harmonic Pattern Plus and Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner. These indicators are available for both MetaTrader 4 and MetaTrader 5 platforms.

https://algotrading-investment.com/p...-pattern-plus/
https://algotrading-investment.com/p...nario-planner/
https://algotrading-investment.com/p...ttern-scanner/

YouTube

Volume Spread Analysis Indicator List

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

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

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

Here is the link to Volume Spread Pattern Indicator.

https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
https://algotrading-investment.com/p...ern-indicator/

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

https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
https://algotrading-investment.com/p...tern-detector/

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

YouTube Video (Momentum Indicator):

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

https://algotrading-investment.com/p...tum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621

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

https://algotrading-investment.com/p...ne-oscillator/

There's no such thing as a free lunch, and that goes for trading software, too. If you're looking for a price breakout pattern scalper EA, you're going to have to pay for it. There are plenty of reputable vendors out there who sell this type of software, so do your research and choose one that fits your needs and budget. Regard: https://mamc.ae/

Multiple Timeframe Scanning for Harmonic Pattern

Multiple Timeframe Scanning or multiple timeframe analysis is a convenient feature when you want to trade with Harmonic Pattern. It allows you to alert the latest harmonic pattern across all timeframe. It is handy that you can view all these patterns in one place. Here is simple screenshot showing you how to enable Multiple Timeframe Pattern Scanning in your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Just enable Use Multiple Timeframe Pattern Detection = true in your input setting. That is all. Even if you attach one indicator per symbol only, you can still tell if any Harmonic Pattern is formed in another timeframe.

There is small “M” button in your chart in case you want to refresh multiple timeframe pattern scanning manually. If you are using MetaTrader 5 platform, then you might need this sometimes when data is not fully loaded in your MetaTrader. Especially, in MetaTrader 5 platform, it can take sometime to load data on lower and higher timeframe. However, once they are loaded, you should be able to see the patterns detected across all timeframe. In fact, this longer data loading is done because MetaTrader 5 platform is loading tick by tick data, which is really heavy for your CPU and Memory and this can not be controlled by the indicator. Hence, we can not blame the platform builder anyway as they tried to do something good intentionally in their end. Since in MetaTrader 4, they only load Open, High, Low and close price, the data loading time is pretty fast and not noticeable most of time. Please have a look at the YouTube video to understand the multiple timeframe analysis better with Harmonic Pattern.

Please watch YouTube video for full explanation:

Link to Harmonic Pattern Plus

https://algotrading-investment.com/p...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475

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

Japanese Candlestick Pattern with Harmonic Pattern

Japanese candlestick pattern can be a great supplementary tool when you trade with Harmonic Pattern. Reversal candlestick patterns can predict a change in price direction. Continuation candlestick patterns can predict an extension in the current price direction. Japanese candlestick pattern provides visual insight for buying and selling momentum of the current market. Then Harmonic Pattern helps you to identify the location of the potential turning point in your chart. Hence, combining both of them can increase the success rate of your trading.

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 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

YouTube About Japanese Candlestick Pattern with Harmonic Pattern

YouTube Link:

Harmonic Pattern Guide

Guide to Precision Harmonic Pattern Trading is a good book to get the trading guide for Harmonic Pattern. Here is some information about the book.

1. Book Title: Guide to Precision Harmonic Pattern Trading
2. Book Subtitle: Mastering Turning Point Strategy for Financial Trading

This book will explain the Harmonic Pattern Trading in practical approach. Book will explain how to predict the turning point uisng Harmonic Pattern like Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on for currency or stock market. The book also explain the ratio framework used in Harmonic Pattern. The book will also demonstrate the possible price trajectory around the point D of Harmonic Pattern. The book also touches the order managment and risk management in detail when you trade with Harmonic Pattern. The book will describe How to use Pattern Completion Zone, Potential Reversal Zone and Potential Continuation Zone at your advantage for your turning point prediction. If you want to use harmonic pattern, this is a must read book.

This book is available from various book distributors on the internet including Google Play Book, Scribd, Amazon, Kobo, Apple and so on.

Google Play: https://play.google.com/store/books/details?id=8SbMDwAAQBAJ
Scribd: https://www.scribd.com/book/39404110...attern-Trading
Apple Books: https://itunes.apple.com/us/book/id1444526074
Amazon.com: https://www.amazon.com/dp/B01MRI5LY6
Barnes & Noble: https://www.barnesandnoble.com/w/gui...=2940156276585
Rakuten kobo: https://www.kobo.com/ww/en/ebook/gui...attern-trading

In addition, you can find free trading education from the link below. If you want to improve your day trading, then you can use this trading education. Learn how to maximize your profit in Forex and Stock Market with this free trading education.
https://algotrading-investment.com/2...ing-education/

If you are looking for Harmonic Pattern Indicator or Harmonic Pattern Scanner, you can find a good one from the website below. In fact, this website provides many tools and indicators related to Price Action, Price Pattern and Chart Pattern.

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

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.wordpr...supply-demand/
https://algotradinginvestment.wordpr...eframe-button/
https://algotradinginvestment.wordpr...rame-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/p...supply-demand/

Simple Guide to Ace Supply Demand Zone

Ace Supply Demand Zone indicator is powerful supply and demand zone indicator. You can use it for original supply demand zone trading, or new angled supply demand zone trading. At the same time, you can use it as very accurate support and resistance drawer.
Because it is non repainting, any level of trader can get benefit from this superb indicator.

Here is simple button operations with Ace Supply Demand Zone.

You can show or hide zones from your chart using “Shown/Hidden” button click.
You can see outline only using “Zone Box” button click
Well, simple operation but powerful.
Below are the links to Ace Supply Demand Zone indicator for MetaTrader 4/MetaTrader 5.

https://www.mql5.com/en/market/product/40076
https://www.mql5.com/en/market/product/40075
https://algotrading-investment.com/p...y-demand-zone/

Turning Point and Trend

If you want to become the profitable trader, the first thing you need to understand is turning point and trend in the financial market. If you read many trading articles and books, you will find the diverse opinion over turning point and trend. Many people view turning point and trend as two separate subjects. However, it might be better to understand turning point and trend as two parts inside one body. Let us try to understand the trend. To do so, let us take human as an analogical example. We are born, we grow up, we become mature, and then we die. During this process, we can observe that there are four main stages. These four stages are universal across many creatures and objects observable in the earth.

Birth – Growth – Maturity – Death

Trend also goes through these four stages. Let us take an example in the financial market. For example, if we hear that Apple has some temporary problem in their smartphone supply line, this could stir up the Samsung’s Stock price because the demand for Samsung’s smart phone will be increased. Once this news is spread on the financial market, the upward trend will be born for Samsung’s stock price. At the beginning, this news could be known by few people. Later, more and more people could hear this news. Hence, Samsung’s stock price can build up upward momentum. However, this momentum will not last forever. Once people start to recognize that price rallied too high and some people start taking the profit by selling the stocks, the upward momentum can slow down. Especially, if we hear that Apple recovered the temporary problem in their smartphone supply line, the trend could die completely. As shown in this example, Birth, Growth, Maturity, and Death are the life cycle of trend.

Now let us revisit the definition of turning point and trend. Turning point is the beginning of new trend after the old trend died off. Hence, turning point strategy refers to the strategy that tries to pick up this new trend as early as possible. This sometimes involves picking up the turning point at the birth stage of the trend. In financial trading, trend strategy typically refers to the strategy that tries to pick up established trend during the growth stage. Most of trend strategy is in fact momentum strategy. When the growth of trend is strong, many technical indicators are designed to react on this strong growth. For example, if you trade on the buy signal when 20 moving average line crosses over the 50 moving average line, you do need strong upwards movement to lift the 20 moving average line over the 50 moving average line.

In contrast to this, in turning point strategy like Fibonacci price patterns, Harmonic patterns and Elliott wave patterns, we are looking for the newly born trend instead of the trend in growth stage. Hence, the main difference in turning point and trend strategy is when to enter during the life cycle of trend. Typically, we are seeking to enter near the birth of trend in the turning point strategy. In trend strategy, we are seeking to enter at the growth strategy of trend.

You can read full article here. This article explains everything about Turning Point and Trend.

https://algotrading-investment.com/2...int-and-trend/

YouTube Video About Turning Point and Trend

YouTube Link:



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/p...-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/p...nario-planner/

Introduction to Equilibrium Fractal Wave Analytics

EFW Analytics was designed to accomplish the statement “We trade because there are regularities in the financial market”. EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts including:

1. Equilibrium Fractal Wave Index: exploratory tool to support your trading logic to choose which ratio to trade
2. Superimposed Pattern Detection as turning point analysis
3. Superimposed Channel for market prediction with Golden ratio expansion
4. Superimposed Channel for market prediction with whole number expansion
5. Equilibrium Fractal Wave (EFW) Channel detection
6. Superimposed Channel Rating (Higher rating = higher predictive power)

EFW Analytics provide the graphic rich and fully visual trading styles. In default trading strategy, you will be looking at the combined signal from Superimposed pattern + EFW Channel or Superimposed pattern + Superimposed Channel. In addition, you can perform many more trading strategies in a reversal and breakout mode. You can also run two different timeframes in one chart to enforce your trading decision. Sound alert, email and push notification are built inside the indicator.

Below is the link to the EFW Analytics:

https://algotrading-investment.com/p...ave-analytics/
https://www.mql5.com/en/market/product/27703
https://www.mql5.com/en/market/product/27702

Harmonic Pattern – Turning Point and Trend

This article “Turning Point and Trend” tries to answer you on when to use Harmonic Pattern Trading in terms of the four market cycle including Birth, Growth, Maturity and Death. If you want to become profitable trader, then you need to decide when your capital to dive into the market. The best way is doing it with the market rhythm, i.e. the market cycle. This article will provide you the clear answer on how to tune your entry with the market. This is the first step for any trader in choosing their strategy in fact. You would also revise the pros and cons of the turning point strategy, semi turning point strategy and trend strategy.
https://algotrading-investment.com/2...int-and-trend/
Below are the list of automated Harmonic pattern Indicator developed for MetaTrader 4 and MetaTrader 5 platform.

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/portfolio-item/harmonic-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/portfolio-item/harmonic-pattern-scenario-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. 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/

Trading Zone Extended From Support Resistance

Trading zone in technical analysis is the extended concept from the horizontal support and resistance. The zone is the great tool to decide your trading entry and exit as well as managing your risk and reward. Especially, when the zone is drawn around the significant peak and trough, the value for the trading zone is precious. When you use Harmonic Pattern or X3 Chart Pattern, the trading zone can be identified using the Pattern Completion Interval. The detailed process is well described in the Book: Guide to Precision Harmonic Pattern Trading (2016). When you use the supply demand analysis, the zone is identified from the base location. Especially, it is even better if the trading zone is non repainting. The non repainting zone become the powerful tool to decide the entry and exit for your trading because they stay in the location always as the reference.

https://play.google.com/store/books/...d=8SbMDwAAQBAJ

The trading zone is useful if your trading strategy is based on predicting the market direction. In such a case, the trading zone can provide a sensible place for stop loss. Then you can scale up your take profit target according to your anticipated location. Even if your trading strategy is not based on predicting market direction, the trading zone is still useful. For example, let’s say that you never want to predict the market, but you want to react the market so that you will trade in the direction in which the price is pushed by crowd like support and resistance style. In this case, the trading zone acts like the horizontal support resistance. But the managing your reward and risk is much easier than other mean of support and resistance.

I used the word minimum stop loss instead of the stop loss because sometimes, you might need to make your stop loss slightly bigger than the actual zone. The margin for the stop loss will be depending on your reward to risk ratio. How this reward to risk system works is well described in the latest book: Technical Analysis in Forex and Stock Market (2021).

https://play.google.com/store/books/...d=pHlMEAAAQBAJ

For your information, we also provide the MetaTrader 4 and MetaTrader 5 indicators that provide the non repainting trading zone. You can have a look at these automated scanner, which you can trade with the direction prediction strategy as well as the react to market strategy.
Here is the link to Ace Supply Demand Zone Indicator for MetaTrader 4/MetaTrader 5.

https://www.mql5.com/en/market/product/40076
https://www.mql5.com/en/market/product/40075
https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/

Here is the link to X3 Chart Pattern Scanner for MetaTrader 4/ MetaTrader 5.
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/