Young Ho Seo / Profil

Elliott Wave Trend Guide

Elliott Wave Trend is the sophisticated Elliott Wave tool. We share some useful articles to understand the trading operation with Elliott Wave Trend. Elliott Wave Trend is a good tool to identify the Elliott Wave Pattern in your chart. Basically, to get rid of subjectivity in your Elliott Wave Analysis and to make your prediction more accurate, you can use the two steps outlined below.

Building up wave counting using template (or patterns) first
Use the Wave score to get the scientific justification or when the wave score is not available, then you can check the correct location of each wave point to judge the valid trading point
Elliott Wave Trend is designed to perform these two steps so that you can predict the market movement with less or no subjecitivity. In another words, this is good system if you are looking for high probabilty trading setup. With some knowledge of Elliott Wave analysis, this tool get rid of a lot of manual wave analysis to save your time and effort. However, you still need some understanding of impulse wave and corrective wave before using Elliott Wave Trend. To help you to understand Elliott Wave Trend, We introduce three articles.

In this article, we will provide some basic features available in Elliott Wave Trend. In addition, this article provide the really simple guide to Automatic Wave Analysis for Impulse and Corrective Waves.

https://algotrading-investment.com/2019/04/14/elliott-wave-trend-tutorial-1/

In this article, we provide the more detailed guide for automatic wave analysis for impulse and corrective waves. In addition, this article provide a demonstration of using automatic wave anlaysis so that you can improve your trading performance.

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

In this article, we provide some theoretical background behind Elliott Wave Analysis. In addition, the article explains the way to improve the accuracy of your market prediction with Elliott Wave Analysis.

https://algotrading-investment.com/2018/10/29/identifying-order-and-disorder-in-chaotic-market-with-elliott-wave/

Here is the links to our Elliott Wave Trend:

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

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

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

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/2019/03/03/harmonic-pattern-indicator-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”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

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/portfolio-item/profitable-pattern-scanner/

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

https://www.mql5.com/en/market/product/41993

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/portfolio-item/ace-supply-demand-zone/

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/financeengineer/seller#products

https://www.algotrading-investment.com/

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: https://www.youtube.com/watch?v=A1-IUr6u5Tg

Below are the links to Advanced Price Pattern Scanner.

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-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/

Manual For Pairs Trading Indicator

Pair Trading Station is a powerful Pairs Trading Indicator that uses the correlation and spread analysis. Pairs trading is also known as the statistical arbitrage as it involves buying undervalued asset and selling overvalued asset at the same time. Pair Trading in Forex can be best described as taking the hedge position of buying and selling two highly correlated instruments at the same time. However, pairs trading can be used to predict the turning point. For example, it is possible to only take one buy or sell position only. When you take one position, you can use the pair trading signal as the primary confirmation and then you can use other secondary confirmation techniques to accomplish your trading decision. On the other hands, you can use the pair trading signal as the secondary confirmation techniques and then you can use your other technical or fundamental analysis as the primary confirmation. One thing you have to note here is that your other techniques to be used together with our pair trading signal should be based on the mean reversion trading because pair trading is based on the mean reversion trading principle too.

You can have a look at this manual from the link. This manual was written for Pairs Trading Station. This manual focuses on taking the hedging position between buying and selling two highly correlated instruments. The manual includes how to use the basic features of Pairs Trading station like buttons and input settings. In addition, it also teach you how to interpret the spread for your trading. As we have mentioned before, once you can interpret the spread, then you can combine the spread analysis with other secondary confirmation techniques.

https://algotrading-investment.com/2015/11/14/introduction-to-pair-trading-station_ati/

In addition, you can watch this YouTube Video titled as How to use Pairs Trading Station

https://youtu.be/fAE9pByxZDA

Here is the landing page for Pairs Trading Station in MetaTrader 4 and MetaTrader5.

https://algotrading-investment.com/portfolio-item/pair-trading-station/

https://www.mql5.com/en/market/product/3303

https://www.mql5.com/en/market/product/3304

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/

Smart Renko Chart Basics

Renko chart is a popular tool to trade with the price action in Forex and Stock market. We created a powerful tool called Smart Renko for Price Action Trader. Here we will explain how to use Smart Renko Chart in brief. Smart Renko is a hybrid tool between renko chart and candlestick chart. Smart Renko provides the spread view of the renko bricks on the candle stick chart and then it also keeps the normal renko chart on the bottom. The advantage of Smart Renko is that you can use the analysis of renko chart together with the analysis of candlestick chart at the same time. You can get the best out of the both world.

The important point before using any Renko chart is about the brick height. This also appies to the Smart Renko Chart too. Just like normal renko chart, Smart Renko chart need to decide the good number for brick height. From my experience, you can the brick height near the 1 standard deviation. However, you must use the brick height in the round number because standard deviation might come in decimal numbers. So be sure to round up those decimal numbers into good integer numbers.

Another consideration is that your brick height should be in the factor of 100 or 1000 pips for your trading. That is like 5, 10, 20, 25, 50, 100, etc. From my experience, these factored number can serve better for your brick height. If you do not choose sensible brick height, then you might not able to see anything on your charts. So be sure to choose the sensible brick height.

Finally do not forget that in Smart Renko, your analysis in Renko chart can be transferred to Main chart by double clicking over the Trend lines.

If you want to dig deeper, please google on renko chart. You will see a lot of articles about Renko charts and how to trade with them.

https://www.mql5.com/en/market/product/9911

https://www.mql5.com/en/market/product/9944

https://algotrading-investment.com/portfolio-item/smart-renko/

In addition, some feature of Smart Renko is built inside the Price Breakout Pattern Scanner. Hence, you can use the automated Pattern Scanner together with Smart Renko Chart inside the Price Breakout Pattern Scanner. Price Breakout Pattener cotains two tools in one techncial indicator. In addition, Price Breakout Pattern Scanner provides the 52 Japanese candlestick patterns to assit your trading decision. Here are the links for 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/portfolio-item/price-breakout-pattern-scanner/

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.

Breakeven win rate
Success rate
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 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/financeengineer/seller#products

https://algotrading-investment.com/

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.

Book Title: Guide to Precision Harmonic Pattern Trading
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/394041109/Guide-to-Precision-Harmonic-Pattern-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/guide-to-precision-harmonic-pattern-trading-young-ho-seo/1129937788?ean=2940156276585

Rakuten kobo: https://www.kobo.com/ww/en/ebook/guide-to-precision-harmonic-pattern-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/2019/07/23/trading-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/financeengineer/seller#products

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

Predicting future patterns for scenario analysis
11 Harmonic Pattern Detection
Automatic stop loss and take profit recognition for superb risk management
Pattern Completion Interval for precision trading
Potential Continuation Zone Detection for future price prediction
Potential Reversal Zone Detection for Point D identification
Automatic Channel Detection to go with Harmonic Pattern (Optional)
Multiple timeframe Pattern Analysis
Multiple timeframe Pattern Detection
Guided Trading Instruction for professional traders
Pattern Locking and Unlocking feature in your chart
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.

Reduce commission and slippage using pending orders in advance
Worst case scenario planning before taking position
Early identification of important support and resistance lines automatically in advance
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/2018/10/25/input-setting-for-harmonic-pattern-plus-and-harmonic-pattern-scenario-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.

Timeframe to detect Patterns
Max number of patterns to display
Pattern Index from which to display
Enable sound alert
Send email if pattern is found
Send notification if pattern is found
Display Fibo retracement (DC Future Price Projection)
Fibo Retracement Length
Fibo Retracement Color for pattern
Fibo Retracment Wdith for pattern
Use white background for chart
Amount of bars to scan for pattern search (1500 = default)
Detect Pattern at Every Tick: true or false only
Pattern Update Frequency (Period)
https://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

Most advanced Elliott Wave Software for your Trading

Elliott Wave Trend is the most advanced Elliott Wave Trading software, which helps you to trade with various Elliott Wave patterns like Wave .12345 pattern and Wave .ABC and Wave .ABCDE, and so on. Elliott Wave Trend was built on the concept of Precision Trading with Elliott Wave Structure Score. Our Elliott Wave Trend is professional tool for professional trader. Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 platform.

In the following article, we explain some basics operation with Elliott Wave Trend in MetaTrader.

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

At the same time, you can watch YouTube video titled as “Elliott Wave Trend Intro to find out more about Elliott Wave Trend Indicator.

YouTube Link: https://youtu.be/Oftml-JKyKM

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version. Here are the links to Elliott Wave Trend.

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

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

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

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/portfolio-item/harmonic-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/portfolio-item/profitable-pattern-scanner/

https://www.mql5.com/en/market/product/41993

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

Beat Global Inflation Together Discounts

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/financeengineer/seller#products

https://www.algotrading-investment.com/

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: https://youtu.be/fgPxxBVzER0

Link to Harmonic Pattern Plus

https://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

https://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

Elliott Wave Trend Tutorial 1

In this article, we will provide a simple tutorial for Elliott Wave Trend in Forex and Stock trading. Elliott Wave Trend is a good tool to identify the Elliott Wave Pattern in your chart. With some knowledge of Elliott Wave analysis, this tool get rid of a lot of manual wave analysis to save your time and effort. However, it can be more accurate through as it provides wave score for impulse wave and corrective wave. Elliott Wave Trend provides you a lot of features for your trading. Of course, many automatic analysis in Elliott Wave Trend is handy and convenient. 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.
Along with this article, you can have a look at this YouTube video about Elliott Wave Analysis. With this video, you will find more practical way of applying Elliott Wave for Forex and Stock trading.

YouTube Link: https://youtu.be/Oftml-JKyKM

Here are the links for Elliott Wave Trend.

https://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 Elliott Wave Analysis, visit this link:

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

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

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

Optimized Harmonic Pattern

Have you ever thought that you could optimize the ratio of each Harmonic Pattern to improve your profit ? In real world trading, each currency or stock can behave differently with different dominating Fibonacci ratios. Never assume that one ratio will work best across all currencies and stocks. Hence, there comes the idea of Optimizing the ratio of Harmonic Pattern. For example, you could modify or tune the ratio of Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on for each currency or stock if you wish. Or you can modify or tune each Harmonic Pattern to get the overall performance better across all currencies and stocks. It is even better if you can apply the same idea when you trade with Elliott Wave patterns too.

To optimize each Harmonic pattern, you need a tool to visualize the true performance of each Harmonic Pattern through the historical data. It is better if you can see the historical performance directly from your chart without using any other complicated tools or tester or etc.

With X3 Chart Pattern Scanner, you can check the historical performance of Harmonic Pattern for any symbol immediately when you attach it to the chart. This sort of feature is very powerful but unique to X3 Chart Pattern Scanner. For example, You can not check the historical performance of Harmonic Pattern with repainting Harmonic pattern indicator. Since X3 Chart Pattern Scanner is non repainting, non lagging, synced between historical and live pattern, this is possible.

You can trade with optimized strategy in live trading. With X3 Chart Pattern Scanner, you can get the practical performance insight for each Harmonic pattern in few weeks with the historical information. This is really good to learn through your tool direclty and to trade with the same tool. Optimized Harmonic Pattern is a great way of improving your profit. With X3 Chart Pattern Scanner, you can modify or tune each Harmonic Pattern to optimize their trading performance using historical data. You can simply modify the ratio of each Harmonic Pattern in input setting. Below is the link to Non Repainting and Non Lagging Harmonic Pattern and Elliott Wave Pattern Indicator.

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

https://www.mql5.com/en/market/product/41993

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

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: https://www.youtube.com/watch?v=uMlmMquefGQ&feature=youtu.be

YouTube: https://www.youtube.com/watch?v=2HMWZfchaEM

Mean Reversion Supply Demand – How to Remove Take Profit and Stop Loss Levels

One of the greatest advantage of Mean Reversion Supply Demand is that it provide a flexible Profit and stop target for your trading. After you have learnt how to use this profit targets, now you want to learn how to remove them. Of course, there is a way to remove them. The trick is simply moving the stop text above the Entry text (for the case of buy). You will do the opposite for the case of sell. In the screenshot, the bottom image describe how to remove the targets from your chart.

There is another approach to remove take profit and stop loss targets. We provide the shortcut in keyboard for doing the same task. Simply hit “z” button in your keyboard. This will also remove the stop loss and take profit targets if you do not need them any longer.

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/