Young Ho Seo / プロファイル

Happy Easter 2019 and Price Drop on Great MetaTrader indicators

For 2019 Easter Holiday, we have reduced price for our 10 great MetaTrader (MT4/MT5) indicators. This is the final price for these products during Easter Holiday 2019. This special offer will be lasting until end of April. Do not miss this wonderful opportunity to buy the great MetaTrader products in reduced price. You will never find anything similar to these products elsewhere.

https://algotrading-investment.com/latest-special-offer/

https://www.mql5.com/en/users/financeengineer/seller#products

GBPUSD Market Outlook 2- 18 April 2019

Here is another market outlook with weekly Gain and Loss. You can clearly see how is bull and bear on the table. USDCHF was pretty impressive making 1.40 % rise in single week. GBPUSD and EURUSD are in the middle of bearish league. Each of them lost 0.60 % in their value. Fall of GBPUSD are coincided with the bearish AB=CD pattern. 

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

EURUSD Market Outlook - 18 April 2019

Forex market is still on bearish sentiment. EURUSD was falling fast entering the third place of the bearish league table. EURUSD fall was also coincided with bearish 3 drives pattern for about 90 pips.

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

GBPUSD Market Outlook – 18 April 2019

It is the middle of London Session. Market is rather bearish. EURJPY and NZDUSD are heavily bearish topping on the table. Like yesterday, GBPUSD is bearish but still moderate though.

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

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

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

Happy Easter 2019 and Price Drop on Great MetaTrader indicators

We have reduced price for our 10 MetaTrader 4/MetaTrader 5 Products. You can check out the latest price on our special offer page. This would be the final discounted price we can offer during this 2019 Easter Period.

https://algotrading-investment.com/latest-special-offer/

https://www.mql5.com/en/users/financeengineer/seller#products

Do not forget on top of the price reduction. You can also request our optimum chart license when you spend over 100 dollar on our MetaTrader Products. Please request the license at: customer.support@algotrading-investment.com

Then happy Easter 2019 to every one. Enjoy the big discounts and special gifts with us.

GBPUSD Market Outlook - 17 April 2019

Market is rather mixed between bull and bear. Not a single power is dominating. GBPUSD is still with more bearish sentiment. AB=CD pattern was still valid. Having said that, we had low volatility in GBPUSD during New York Session.

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

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

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

EURUSD Market Outlook- 14 April 2019

Here is a medium term market outlook for EURUSD. EURUSD is gradually making some narrow range move inside falling wedge pattern. We can have three important support and resistance from the screenshot. We have marked it using red circle. The analysis was generated using Advanced Price Pattern Scanner. The pattern is non repainting. These support and resistance are the valid record for your trading. When you press call butotn, you can predict patterns to watch out on certain price level. It is automatic.

https://www.mql5.com/en/users/financeengineer/seller#products

https://algotrading-investment.com/

Multiple Timeframe Pattern Scanning for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

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.

Also there is small "M" button in your chart in case, you want to refresh multiple timeframe pattern scanning manually.



Link to Harmonic Pattern Plus

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

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

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



Link to Harmonic Pattern Scenario Planner

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

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

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

GBPUSD Market Outlook-16 April 2019

New York session is nearly ending. Forex market is still in bearish sentiment. GBPUSD was falling another 50 pips in line with the formation of bearish AB=CD pattern.

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

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

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

Happy Easter 2019 and Price Drop on Great MetaTrader indicators

We have reduced price for our 10 MetaTrader 4/MetaTrader 5 Products. You can check out the latest price on our special offer page. This would be the final discounted price we can offer during this 2019 Easter Period.

https://algotrading-investment.com/latest-special-offer/

https://www.mql5.com/en/users/financeengineer/seller#products

Do not forget on top of the price reduction. You can also request our optimum chart license when you spend over 100 dollar on our MetaTrader Products. Please request the license at: customer.support@algotrading-investment.com

Then happy Easter 2019 to every one. Enjoy the big discounts and special gifts with us.

EURUSD Market Outlook- 16 April 2019

Like yesterday, Gold and Silver is still bearish. Overall market is more bear than bull. EURUSD is in fact pretty even. We had new 5-0 pattern and EURUSD had around 30 pips. I have outlined some important resistance and support around symmetric triangle coincided with 5-0 pattern. 

Also do not forget that we provide free version of Trading Investment Helper (Correlation Ranking Heat Map.).

https://algotrading-investment.com/download/125329/

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

USDCAD Market Outlook-15 April 2019

GBPCHF and USDCAD are the strong bullish symbols in the league and they do have the dominating volatility in the forex market. Especially, USDCAD reacted with nearly 80 pips on Butterfly pattern. At the moment, it is testing supply zone. 

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

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

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

GBPUSD Market Outlook - 15 April 2019

Market was overall bullish in D1 timeframe. At the moment, GBPUSD and its correlated group (EURUSD +) are in bearish mood. It was taking some short term correction after GBPUSD touched supply zone. This could be just short term correction.

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

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

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

Why Optimized Harmonic Pattern Strategy can yield better profit

In real world environment, each symbol behaves differently with different dominating Fibonacci ratios. Never assume that one ratio will work in the other symbols. Hence, never assume that working harmonic pattern in one symbol would work for another symbols.

For example, you might make money on one symbol with Gartley pattern but you can lose money in the other symbols with the same Gartley pattern. Hence, you might just make zero money on your hard work. This is why the text book approach does not work well in real world trading.

With Our Optimal Turning Point Pattern Scanner, you can check the historical performance of each Harmonic and Elliott Wave patterns for any symbols and any timeframe because it is non repainting and non lagging indicator. You can trade with optimum strategy in your live trading. Get the practical performance insight in few weeks with the information other trader can not access. 

Using Optimized trading strategy is great way of improving your profit. Check the screenshot. Below is the link to Non Repainting and Non Lagging Harmonic Pattern and Elliott Wave Pattern Indicator.

https://algotrading-investment.com/portfolio-item/optimal-turning-point-pattern-scanner/

https://www.mql5.com/en/market/product/35602

https://www.mql5.com/en/market/product/35603

EURUSD Market Outlook- 15 April 2019

New market started. Monday, Most of symbols are started with moderate bullish condition except Gold and Silver. EURUSD is also in moderate bull side too. The Gartley pattern formation is still valid. Now it is approaching to test supply zone. 

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

Happy Easter 2019 and Price Drop

We have reduced price for our 10 MetaTrader 4/MetaTrader 5 Products. You can check out the latest price on our special offer page. This would be the final price we can offer during this 2019 Easter Period on these products.

https://algotrading-investment.com/latest-special-offer/

https://www.mql5.com/en/users/financeengineer/seller#products

Do not forget on top of the price reduction. You can also request our optimum chart license when you spend over 100 dollar on our MetaTrader Products. Please request the license at:    customer.support@algotrading-investment.com

Then happy Easter 2019 to every one. Enjoy the big discounts and special gifts with us.

EURUSD Market Outlook- 14 April 2019

Here is a medium term market outlook for EURUSD. EURUSD is gradually making some narrow range move inside falling wedge pattern. We can have three important support and resistance from the screenshot. We have marked it using red circle. The analysis was generated using Advanced Price Pattern Scanner. The pattern is non repainting. These support and resistance are the valid record for your trading. When you press call butotn, you can predict patterns to watch out on certain price level. It is automatic. 

https://www.mql5.com/en/users/financeengineer/seller#products

https://algotrading-investment.com/

Elliott Wave Trend-Basic Tutorial 1

Elliott Wave Trend provide you a lot of features for your trading. Of course many automatic analysis too. Elliott Wave Trend consists of the following features:

Turning point strength
Turning Point strength Indicator for multiple time frame scanning
Automatic Wave Analysis with Template and Pattern Approach
Manual Wave Analysis with Template and Pattern Approach
Wave Analysis saving and sharing System


This tutorial is not necessarily covering everything. But this tutorial will try to give some intuition over the automatic Wave Analysis. Automatic Wave Analysis is based on the template and pattern approach described in the book: Financial Trading with Five Regularities of Nature (Scientific Guide to Price Action and Pattern Trading).

Steps to perform the automatic wave analysis.

For Automatic Wave Analysis, you can only perform with Impulse and Corrective Waves.



Click either Impulse or Correct button
Click any wave template in the sub window (i.e. small blue and red circles).
Click Draw Line button.
Use either position rule or Wave Score to accept and to reject your analysis.
Your trading will be based on the levels and turning point projected from your analysis.


When you want to set any trading alert after you analysis, use our free Auto Chart Alert.

http://algotrading-investment.com/portfolio-item/auto-chart-alert/

Here are the links for Elliott Wave Trend.

http://algotrading-investment.com/portfolio-item/elliott-wave-trend/

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

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

If you need more complete tutorial on this, visit this link:

http://tradeinvestsmart.com/2018/03/how-elliott-wave-can-improve-your-trading-performance/

Take Profit and Stop Loss in Optimal Turning Point Pattern Scanner

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

In Optimal Turning Point Pattern Scanner, your stop loss and take profit is controlled for individual patterns. This is the main difference from Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Since Optimal Turning Point Pattern Scanner have different categories of patterns like Elliott Wave patterns and other Turning Point patterns.

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

Optimal Turning Point Pattern Scanner provide all the historical patterns, reflecting real world trading. Hence, please test your strategy and change your stop loss and take profit according to your observation from your chart. We have already shown you how to test your strategy with Optimal Turning Point Pattern Scanner in another article here.

https://algotradinginvestment.wordpress.com/2019/04/02/showing-historical-patterns-in-optimal-turning-point-pattern-scanner/

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

https://algotrading-investment.com/portfolio-item/optimal-turning-point-pattern-scanner/

https://www.mql5.com/en/market/product/35602

https://www.mql5.com/en/market/product/35603

Gap between knowledge of using EAs (i.e. trading robots) and your expectation as consumer



For your information, this article was published in the mql5.com forum here first: https://www.mql5.com/en/forum/310265/page2

Because this article is good for educating new traders, I will share the same contents in this blog too.

In this article, I will try to explain the big gap between knowledge of using EAs (i.e. trading robots) and your expectation as consumer.



Typical Scenario losing money with EAs and robots



This is the typical three step scenario how novice trader starts to appointed to the signal subscription or buying EAs and etc. Then they can lose a lot of money pretty quickly with too optimistic thinking.



1. You have an idea of trading robot can beat human trader from news and mess media, etc.

2. Then you see many signal copying adverts on the internet with unrealistically high growth was achieved in backtesting and even forward testing with all sort of sweet words, etc.

3. You copied their signal or buying EAs and you never get the same results but losing money ever fast (the speed of losing money is even faster with high frequency or scalping robot because they are high frequency.)





Starters must read



1. Backtesting is never indicative of future performance

2. Profitability in Live forward testing can only result in one or very few brokers. This means that many times it will not work for you when you copied the signal.

3. Live forward testing result is not absolutely trustable source either. It is possible to easily produce good live forward testing results for 6 month or 1 year or even 2 years and they can blow up all their account in 1 day (Black swan).

4. EAs and trading robot are not updated with real world market news and economic data release. Hence, they can always go against the market for big news release.

5. EAs (i.e. Trading robots) are operating in black box mode. Hence, you have less control over their operation.





Here is why



Expert Advisor or trading robot or signal copying is a highly specialized statistical product but this is least emphasized by MetaTrader users and signal provider.

Why? Because you need to understand how the simulation technique, data and strategy contributes towards your profitability (one more factor is real world technology around internet and network).

What you are seeing in backtesting and some forward testing is typically strategy part only.

Some novice traders are missing to see how the simulatin technique and data plays a role in the profitability as well as technology around internet and network.

How these three simulation technique, data and strategy contributes towards the profitability are best described in the language of math and statistics (Not theoretical math but applied math, these two are totally different. Applied Medical statistics and applied geo statsics are often great resource and knowledge reservoir for this).

Until you fully understand all these, I will not recommend EA and trading robot.

Typically this is quite intensive learning skipped by many starters and traders.

I do understand you want to make money quickly But can we go long way short really ?

If you try to shorten the path by skipping them, eventually you will take even longer time than people taking the right path from the beginning.



What options do we have?



Your option to the profitable path in financial trading is either you become great applied statistician (i.e. mathematical trader) or great trader (i.e. manual trader knowing how to apply fundamental and technical analysis).

Question is which professional trader would choose to become ?

If you are unfamiliar with numbers and quantitative theory like mean variance, capital market line , error correction model, integrated moving average, cointegration, ADF test, Phillips–Perron test , two-way handshake, three way handshake tcp/ip, REST api, etc,

I think I will recommend to become manual trader.

Do not forget that we always have an option for not trading.



Summary



EAs and Trading robots are a highly specialized and sophisticated statistical product but they are often treated like piece of shampoo bottle sold for $99.

Before using them, user must understand how simulation technique, data, strategy and real world network contributes towards the profitability.

We will not discuss all these in this post because this is such a long story.



if you want great manual trading tools, then do not forget to visit our website:



https://www.mql5.com/en/users/financeengineer/seller#products



https://algotrading-investment.com/