Birth of New Trend Tipple Entry Harmonic Pattern Trading

We now offer the practical training course in Price Action and Pattern Trading. You can read some more information here.

http://algotrading-investment.com/training-course/

Great news.

We have got Elliott Wave Trend tool available in the Market.

https://www.mql5.com/en/market/product/16472
https://www.mql5.com/en/market/product/16479

Unlike other simple technical indicators, this is an interactive tool with built in backtesting. So consider this in your mind when you test this on your strategy tester.

Kind regards.

Update News 19 May 2016:

Now our Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Price Breakout Pattern Scanner will be able to detect pattern over Renko Chart.

We are using Smart Renko as the renko charting calculation engine. Our patterns are detected over the renko chart.

It is equivalent to that you are making your full trading decision with renko chart too.

In fact, as you don't need separate Renko chart to be added in for this, this is even more convenient for you.

Our observation so far with using Renko Filter to detect patterns are that the number of patterns detected are reduced but we can detect more reliable and more clear patterns for trading.

The amazing update will be available in next couple of days. Stay tuned with us.

Here are some screenshots.

Update News 19 May 2016:

As we have mentioned, we have finally completed our new update. It has been submitted for processing. So you can download our new update quite soon.

This update is all about detecting patterns in Renko Brick. So Harmonic Pattern Plus and Scenario Planner will detect Harmonic Pattern over Renko brick. Price Breakout Pattern Scanner will detect pattern on renko brick too.



For 3 products, the description is more or less the same. Read below if you want to learn what is this powerful update about.


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In version 7.7, Harmonic Pattern Scenario Planner can detect pattern using Renko Brick calulation. This is equivalent to detect pattern over the dedicated Renko Chart (Imagine that you have opened Renko Chart and then put this indicator over the Renko Chart). So it is very powerful due to less noise in the Renko Chart. The good news is that you don't need a dedicated Renko Chart as this indicators does renko brick calculation at the background using Smart Renko Indicator. So you are hassle free but this indicators will does a lot of work for you.

At the same time, user can choose to detect pattern over normal candle stick too as before. To choose the detection mode, user can use the following variable.

Use Renko Filter for Pattern detection : true or false only

We have currently set the default as Renko Filter Mode.

(Important note, Renko can be calculated using sub time frame. For example, Renko brick can be calculated using M5 or M15 time frame when you actually use this indicator for H1 chart. If the data is loaded, then there is not a problem. But sometime, data loading may be issue. But this is the issue present inside Meta Trader terminal. It might be fixed in the future when new Meta Trader version is released or maybe not. To avoid this issue, your default calculation time for Renko brick calculation is set to current time frame. But you can always change it with your own experiment. In our experience, there can be small difference when you change the calculation time frame. Smaller time frame is generally more accurate. But still higher time frame will do the job too.)

​TIPPLE

Update news on 24 May 2016:

Following New version is ready to download.

Version 7.7 for Harmonic Pattern Plus.
Version 7.7 for Harmonic Pattern Scenario Planner.
Version 5.7 for Price Breakout Pattern Scanner.

As we have mentioned before, in the update, Use can use Renko Mode to detect patterns. (but you won't need any special Renko chart for this as the calculation will be done automatically in background. )

From our observation, When you enable the Renko Mode, it leave normally the patterns completed within the extreme Renko chart.

At the same time, if you want to detect pattern over normal candle stick, just disable the Renko filter.

Kind regards.

We are about to release Real Time Renko through our website: http://www.algotrading-investment.com

Our real time renko will be the powerful supplementary tool for all our Price Action and Pattern Trading tools including Price Breakout Pattern Scanner, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner.

We are finializing it. Stay tuned for the further news. For now, check the clarity of market view with our screenshots.

What is used be the painful manual task for traders can be done in fully automatic manner with our software now.

Plus note that this particular product won't be available from mql5.com website.

Update News 25 May 2016 for Harmonic Pattern Plus and Scenario Planner

In version 7.7, we have found small bug related to Multiple Time Frame Pattern Detection Feature After we have implemented Renko Filter for Pattern Detection.

So we have fixed the bug and updated to newer version 7.8.

Sorry for the inconvenience. New update will be available in next couple of days in MQL5.com.

But it is ready to download on our website already : http://algotrading-investment.com/

Kind regards.

Finally we have released our Real Time Renko Product through our website.

Note that our Real Time Renko is not available from mql5.com.

It will be only available from our website:

http://algotrading-investment.com/po...al-time-renko/

This tools is very useful for Price Action and Pattern Trading. Especially works very well with our Harmonic Pattern Plus, Scenario Planner and Price Breakout Pattern Scanner.

Plus really easy to set up (Immediate loading with default setting).

Harmonic Pattern Plus + Price Breakout Pattern Scanner + Real Time Renko set up. For Real time renko visit here. http://algotrading-investment.com/portfolio-item/real-time-renko/

Note that it is M5 charting mode for our Renko.




At the same time Elliott Wave Trend tool suggest that we are likely enter at Wave 4 for our pending order.

As this is corrective wave, we don't plan to hold for long time if our pending order hit in any chance. Take profit target is above the ending level of Wave 2 any way.

Plus Elliott Wave will indicate good trend change with reasonable threshold. Any case, you can rely on Elliott Wave Trend tool if you are unclear about Wave counting. This is hack for starters because Elliott Wave trend is already set to 2300 pips gain at minimum. You have very strong second opinion next to you.

One tips We use our analysis for M5 Renko chart. But our Elliott Wave Trend is running on H1 time frame. You don't have to use same timeframe for both analysis.

In any case, market decided to make stronger wave 3, then there is no need to chase for trade. In that case, delete pending order.

EURUSD come near the boundary of Triangle.

Watch out for the breakout.

It is currently trying to form Corrective Wave 2 or Wave 4 in Selling market.

GBPUSD is still hanging around Wave 3.

It seems we are not the only one waiting for the opportunity.

Let's the profit run until 50% of Wave 2.





At the same time, this is the view from our Elliott Wave Trend tool.

The entry was overlapping our second exit guideline from Elliott Wave Trend tool.

This means that even if you were following trend purely without any other supplementary indicators, you are still in profits.

Note that this is a combined strategy between Eliott Wave trend and Harmonic Pattern plus and real time renko.

You can always use Elliott Wave Trend tool for your preferred ways as long as you have the disclipline from the right training.

Now Harmonic Pattern Plus and Scenario Planner are ready with version 7.8. Make sure you are downloading the latest version.

To do so, just open your Meta Trader >> Market Tab >> Go to Harmonic Pattern Plus product page >> press update button.

Harmonic pattern Plus
https://www.mql5.com/en/market/product/4475
https://www.mql5.com/en/market/product/4488

Harmonic Pattern Scenario Planner
https://www.mql5.com/en/market/product/6240
https://www.mql5.com/en/market/product/6101

Now GBPUSD have reached 50% of Wave 2.

Market is thinking to go or not to go.

Update News on Harmonic Pattern Scenario Planner.

We have found small bug in calculating Scenarios in our Harmonic Pattern Scenario Planner.
So we have updated new version with the fixed bugs.

Please stay tuned. The new version will be available in next couple of days.

Kind regards.

Any plans to make a dashboard version of the scanner instead of putting a scanner on all pairs? So you can see all patterns in one place.

We have uploaded Product guideline for Price Action and Pattern Trading.

You can read this for your own good.

http://algotrading-investment.com/20...ttern-trading/

It is in our list in the future. But we have quite a lot of things to tick off in our list.

Also if you are referring to Harmonic Pattern Plus or Harmonic Pattern Scenario Planner. Then you can already scan multiple time frame with one chart.

For example, harmonic pattern plus in one chart will scan all the patterns from M1, M5, M15, M30, H1, H4, D1.

But not for Price Breakout pattern scanner yet.