Harmonic Pattern Plus detects the reversal (turning point) patterns in your chart automatically. The software will recommend you to the potential entry and exit for your trading at turning point. With some discretionary thinking together, using Harmonic Pattern Plus is the profitable and convenient way for your trading. With a lot of automation, you have very little work to do for your trading. Harmonic Pattern Plus was evolved for many years to meet the needs for the professional traders. As a result, Harmonic Pattern Plus contains many different features and functionalities in one software. Because of this comprehensive feature, starters can get little frustrated at the beginning. However, it is important to remember that everyone evolve to different stage and different mind-set in his or her trading career. It is better not assume anything too quick. As your skills improve with your trading, you will be glad that Harmonic Pattern Plus offers those features and functionalities for your trading. Obviously, there are clear reasons that those feature and functionality are there. You may not see the benefit now but you can see the benefits in the future. Just avoid making too quick assumption or judgement on the software just after few days of using them. It is important to remember that you do not have to use all of features and functionalities at the same time. You will likely to use some features and functionalities depending on your experience and preferences. Please switch off rest of feature and functionality and only leave the features best suit for your needs. In this article, we provide brief description of features in Harmonic Pattern Plus
Quick guideline for harmonic pattern plus for starterLeadingTrader21
Harmonic Pattern Plus detects the reversal (turning point) patterns in your chart automatically. The software will recommend you to the potential entry and exit for your trading at turning point. With some discretionary thinking together, using Harmonic Pattern Plus is the profitable and convenient way for your trading. With a lot of automation, you have very little work to do for your trading. Harmonic Pattern Plus was evolved for many years to meet the needs for the professional traders. As a result, Harmonic Pattern Plus contains many different features and functionalities in one software. Because of this comprehensive feature, starters can get little frustrated at the beginning. However, it is important to remember that everyone evolve to different stage and different mind-set in his or her trading career. It is better not assume anything too quick. As your skills improve with your trading, you will be glad that Harmonic Pattern Plus offers those features and functionalities for your trading. Obviously, there are clear reasons that those feature and functionality are there. You may not see the benefit now but you can see the benefits in the future. Just avoid making too quick assumption or judgement on the software just after few days of using them. It is important to remember that you do not have to use all of features and functionalities at the same time. You will likely to use some features and functionalities depending on your experience and preferences. Please switch off rest of feature and functionality and only leave the features best suit for your needs. In this article, we provide brief description of features in Harmonic Pattern Plus.
Backtesting potential reversal zone with harmonic pattern plusLeadingTrader21
ATI website at: http://algotrading-investment.com
Or follow the latest development and update news at: https://algotradinginvestment.wordpress.com/blog/
Identifying order and disorder in chaotic market with elliott wave trendLeadingTrader21
We have briefly covered four main characteristics of a chaotic system. Stock and
forex market are the live example of a chaotic system. Order and disorder in
chaos theory describe that the financial market can transition from order to
disorder or from disorder to order. Order and disorder are highly related to the
predictability and unpredictability of market. Ordered market is much easier to
predict whereas disordered market is hard to predict. Every trader will agree
that sometimes market is easy to predict with some simple technical analysis.
Sometimes, the market is almost unpredictable no matter what kind of
information or analysis on your hands. If you felt this, then you are probably
right. This is the corresponding behaviour of order and disorder described in
chaos theory.
As a trader, your will be better off to avoid highly disorder market but to trade
on highly ordered market. Unfortunately, order and disorder does not provide
the rigid binary states, where you can pick up one or the other. We can only tell
that degree of order and disorder. For educational purpose, I always like to
present Hurst exponent. Hurst exponent will provide the some indication if the
market is predictable or not predictable.
This document summarizes the contents of the June 2014 issue of the ATMASPHERE newsletter published by the Association of Technical Market Analysts. The issue includes articles on trading systems based on pure price action, point and figure analysis techniques like the 6 column trap, the process of developing a trading system, book reviews, and event updates. It provides an overview of the various technical analysis concepts and strategies discussed in the different articles featured in this issue of the newsletter.
Simple explanation on repainting, recalculating and static algorithm in techn...LeadingTrader21
The technical analysis is a key to successful trading. Even if you are a fundamental trader, you will need to use technical analysis for the precise control of your entry and exit in your trading. If we count the usage of every technical analysis on the earth, nearly at least a half billion of traders will use technical analysis. The problem is that not everyone is using the technical analysis in the right manner. The purpose of this article is to clear the overly spread misunderstanding about what people called “Repainting technical indicators” in the community. At the beginning, I thought that it would be only matter for starters. Later, I met many forex traders claiming 3 to 5 years of trading experience. However, most of these traders still do not have much clue what is really the repainting indicator except small portion of traders among them. Search on google was disappointing too. Some articles poorly explained on the topic of the repainting. Some articles were almost uninformative to continue to read. Some articles were almost devastated many of excellent technical analysis by some language of witch-hunting. Especially the affected technical analysis on those witch-hunting include:
• Market Profile (invented by J. Peter Stdidlmayer)
• Fractal indicator (invented by Bill Williams)
• Fourier transform and many other signal processing algorithm (invented by Joseph Fourier and many others)
• ZigZag indicator
• Fast moving average including many zero-lag or non-lag moving average family
• Harmonic Pattern (invented by H.M. Gartley, any many others later on)
• Other technical analysis algorithm
The above technical analysis and their algorithm are used by several millions of traders and scientists every day. If you are doubt, just google to look for the internet community using those technical analysis. If those technical analysis and their algorithms are repainting and bad, then why so many people are using them? Well, I think that this will remain as a myth to you until you can clear the misunderstanding about the repainting indicator.
This document describes market forecasting algorithms provided by Quant Trade Technologies, including self-optimizing ARIMA, finite impulse response neural networks, finite state Markov automation, stepwise best regression, square root regression, logistic regression, and more. It explains the mathematical models behind various linear and nonlinear regression techniques for time series forecasting and analyzing financial market data.
Losers in the market often exhibit certain behavioral tendencies that contribute to their losses:
1) They fail to cut their losses short and let their winners run, going against the basic trading wisdom.
2) After a few winning or losing trades, they increase their position sizes and modify their risk parameters recklessly, falling prey to the disposition effect.
3) Their entries and exits are often based only on price and time signals without considering other factors like market trends, providing liquidity for professional traders to exploit. Combining this behavior with the disposition effect increases the chances they will take on too much leverage.
X3 pattern framework for the day trader in the financial marketLeadingTrader21
This document introduces the X3 pattern framework for describing price patterns in financial markets. X3 uses triangles as the basic building block, represented by three points. Patterns are described using ratios between the points, including retracement, expansion, closing, and factored ratios. Lag operators are used to refer to previous ratios. Complex patterns can be broken down and described concisely using these ratio definitions and notations. The goal is to provide a flexible framework for analyzing both simple and complex patterns seen in price data.
Quick guideline for harmonic pattern plus for starterLeadingTrader21
Harmonic Pattern Plus detects the reversal (turning point) patterns in your chart automatically. The software will recommend you to the potential entry and exit for your trading at turning point. With some discretionary thinking together, using Harmonic Pattern Plus is the profitable and convenient way for your trading. With a lot of automation, you have very little work to do for your trading. Harmonic Pattern Plus was evolved for many years to meet the needs for the professional traders. As a result, Harmonic Pattern Plus contains many different features and functionalities in one software. Because of this comprehensive feature, starters can get little frustrated at the beginning. However, it is important to remember that everyone evolve to different stage and different mind-set in his or her trading career. It is better not assume anything too quick. As your skills improve with your trading, you will be glad that Harmonic Pattern Plus offers those features and functionalities for your trading. Obviously, there are clear reasons that those feature and functionality are there. You may not see the benefit now but you can see the benefits in the future. Just avoid making too quick assumption or judgement on the software just after few days of using them. It is important to remember that you do not have to use all of features and functionalities at the same time. You will likely to use some features and functionalities depending on your experience and preferences. Please switch off rest of feature and functionality and only leave the features best suit for your needs. In this article, we provide brief description of features in Harmonic Pattern Plus.
Backtesting potential reversal zone with harmonic pattern plusLeadingTrader21
ATI website at: http://algotrading-investment.com
Or follow the latest development and update news at: https://algotradinginvestment.wordpress.com/blog/
Identifying order and disorder in chaotic market with elliott wave trendLeadingTrader21
We have briefly covered four main characteristics of a chaotic system. Stock and
forex market are the live example of a chaotic system. Order and disorder in
chaos theory describe that the financial market can transition from order to
disorder or from disorder to order. Order and disorder are highly related to the
predictability and unpredictability of market. Ordered market is much easier to
predict whereas disordered market is hard to predict. Every trader will agree
that sometimes market is easy to predict with some simple technical analysis.
Sometimes, the market is almost unpredictable no matter what kind of
information or analysis on your hands. If you felt this, then you are probably
right. This is the corresponding behaviour of order and disorder described in
chaos theory.
As a trader, your will be better off to avoid highly disorder market but to trade
on highly ordered market. Unfortunately, order and disorder does not provide
the rigid binary states, where you can pick up one or the other. We can only tell
that degree of order and disorder. For educational purpose, I always like to
present Hurst exponent. Hurst exponent will provide the some indication if the
market is predictable or not predictable.
This document summarizes the contents of the June 2014 issue of the ATMASPHERE newsletter published by the Association of Technical Market Analysts. The issue includes articles on trading systems based on pure price action, point and figure analysis techniques like the 6 column trap, the process of developing a trading system, book reviews, and event updates. It provides an overview of the various technical analysis concepts and strategies discussed in the different articles featured in this issue of the newsletter.
Simple explanation on repainting, recalculating and static algorithm in techn...LeadingTrader21
The technical analysis is a key to successful trading. Even if you are a fundamental trader, you will need to use technical analysis for the precise control of your entry and exit in your trading. If we count the usage of every technical analysis on the earth, nearly at least a half billion of traders will use technical analysis. The problem is that not everyone is using the technical analysis in the right manner. The purpose of this article is to clear the overly spread misunderstanding about what people called “Repainting technical indicators” in the community. At the beginning, I thought that it would be only matter for starters. Later, I met many forex traders claiming 3 to 5 years of trading experience. However, most of these traders still do not have much clue what is really the repainting indicator except small portion of traders among them. Search on google was disappointing too. Some articles poorly explained on the topic of the repainting. Some articles were almost uninformative to continue to read. Some articles were almost devastated many of excellent technical analysis by some language of witch-hunting. Especially the affected technical analysis on those witch-hunting include:
• Market Profile (invented by J. Peter Stdidlmayer)
• Fractal indicator (invented by Bill Williams)
• Fourier transform and many other signal processing algorithm (invented by Joseph Fourier and many others)
• ZigZag indicator
• Fast moving average including many zero-lag or non-lag moving average family
• Harmonic Pattern (invented by H.M. Gartley, any many others later on)
• Other technical analysis algorithm
The above technical analysis and their algorithm are used by several millions of traders and scientists every day. If you are doubt, just google to look for the internet community using those technical analysis. If those technical analysis and their algorithms are repainting and bad, then why so many people are using them? Well, I think that this will remain as a myth to you until you can clear the misunderstanding about the repainting indicator.
This document describes market forecasting algorithms provided by Quant Trade Technologies, including self-optimizing ARIMA, finite impulse response neural networks, finite state Markov automation, stepwise best regression, square root regression, logistic regression, and more. It explains the mathematical models behind various linear and nonlinear regression techniques for time series forecasting and analyzing financial market data.
Losers in the market often exhibit certain behavioral tendencies that contribute to their losses:
1) They fail to cut their losses short and let their winners run, going against the basic trading wisdom.
2) After a few winning or losing trades, they increase their position sizes and modify their risk parameters recklessly, falling prey to the disposition effect.
3) Their entries and exits are often based only on price and time signals without considering other factors like market trends, providing liquidity for professional traders to exploit. Combining this behavior with the disposition effect increases the chances they will take on too much leverage.
X3 pattern framework for the day trader in the financial marketLeadingTrader21
This document introduces the X3 pattern framework for describing price patterns in financial markets. X3 uses triangles as the basic building block, represented by three points. Patterns are described using ratios between the points, including retracement, expansion, closing, and factored ratios. Lag operators are used to refer to previous ratios. Complex patterns can be broken down and described concisely using these ratio definitions and notations. The goal is to provide a flexible framework for analyzing both simple and complex patterns seen in price data.
Generating buy and sell signals with optimum chartLeadingTrader21
Optimum Chart is the Standalone Charting and Signal Platform. Optimum Chart is geared up best for your Price Action and Pattern Trading solution. You can generate buy and sell signals using the built in pattern scanner for both Forex and Stock markets. Here are the simple steps.
This document provides an introduction and overview of the Harmonic Volatility Indicator, a technical analysis indicator for measuring market volatility. It describes how the indicator provides curved support and resistance lines using Fibonacci analysis applied to volatility rather than price. The indicator aims to overcome limitations of other volatility tools like Bollinger Bands by providing a more comprehensive picture of market volatility. It can help identify mature trends that are nearing an end and provides support/resistance levels for trading strategies.
Real time renko, smart renko and price breakout pattern scanner atiLeadingTrader21
1) The document introduces Real Time Renko, Smart Renko, and Price Breakout Pattern Scanner indicators. Real Time Renko transforms candlestick charts into Renko bricks, while Smart Renko overlays Renko bricks on candlesticks. Price Breakout Scanner detects breakout patterns like head and shoulders.
2) Renko charts reduce noise and make trends and support/resistance easier to identify. Smart Renko allows combining candlestick and Renko signals. Price Breakout Scanner provides trading opportunities when prices break above or below pattern boundaries.
3) Applying the indicators together can provide a more comprehensive analysis by detecting patterns on Renko bricks and confirming signals on candlesticks. The guided instructions also aim to improve
Automatic resizing your stop loss and take profit level with harmonic pattern...LeadingTrader21
Having understood all the concept behind the Pattern Completion Interval, you might observe that sometime price can react outside the pattern completion interval. Sure, there is nothing perfect in the world. As long as you understand the pros and cons of using large stop loss size, it is still fine to control your own stop loss size.
However, we still prefer to express stop loss size in terms of pattern completion interval range for convenience. For example, if the original stop loss size was equal to 1 x pattern completion interval, you can certainly use 1.5 x pattern completion interval or 2 x pattern completion interval.
Another consideration before you are using pattern completion interval, if you can enter the market at the competitive price, then you can feel less guilty when you increase your stop loss size because you are still remaining good rewards/Risk ratio. On the other hands, if you have entered market at not so competitive price, then you might be cautious when you increase your stop loss size.
The same feature applies to X3 Chart Pattern Scanner (Non Repainting and Non Lagging Harmonic Pattern and Elliott Wave pattern scanner.)
In addition, you can watch the YouTube Video titled feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
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/
X3 Chart Pattern Scanner
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/
ATI website at: http://algotrading-investment.com
Or follow the latest development and update news at: https://algotradinginvestment.wordpress.com/blog/
1) The document discusses the importance of discipline in trading. It states that discipline is key to success and will help increase profits regardless of the trading system used.
2) It emphasizes practicing discipline 100% of the time and that the markets will reward disciplined traders. No shortcuts exist to becoming a successful trader.
3) The document also discusses the importance of properly sizing trading positions. It notes that trader size matters and presents a method of adjusting position size based on account percentages and winning or losing streaks to take advantage of streaky systems.
“Optimum Chat” is a standalone charting solution to generate buy and sell timing for Forex market and Stock market. It is not a research tool but it is a practical trading tool designed for you to go live trading. Optimum Chart is also the collection of the most profitable indicators and tools we were developing last 10 years. For you users, you will be just using the ready-made tools. There is no need for coding or googling tones of hours in your live trading our Optimum Chart.
We put together this document as a roadmap for Forex brokers who wants to advance in Forex business.
Who we are? We are specializing in custom solutions for brokers, traders, signal providers and money managers. Regardless of the platform that you use we can build a solution for you. 80% of the success in Forex is technology. If you underestimate the role of the technology, you are on the wrong side of Forex.
Backtesting Engine for Trading Strategiesbzinchenko
Quant Trade Backtesting engine is the universal standalone software suitable to test performance of any recorded sequence of trades. It allows for independent evaluation of trading performance, calculation of trading statistics and visual representation of trading performance charts.
This document provides an overview of the charting features available in R I Trader Pro. It describes the key components of the time chart window, including the chart quote board, chart header, and chart body. It also explains how to display market data and account information on the chart and how to use the various menu options to manipulate the chart display, add drawings and annotations, adjust the price scale, and overlay secondary studies and technical indicators.
Trading operation with correlation ranking heat mapLeadingTrader21
Correlation Ranking Heat Map is the panel (i.e. dashboard) provided from Optimum Chart, which is the standalone charting and analytical platform. With Harmonic Pattern Scanner and Pair Trading Analyser, Correlation Ranking Heat Map provides the unique and powerful information for your trading. In this article, we will provide you the essential information you need to understand the trading operation with Correlation Ranking Heat Map.
Precision Oscillator Suite for Bloomberg Professionalbzinchenko
We offer a simple and powerful collection of improved technical indicators inherited from classical oscillators widely used throughout modern technical analysis. These oscillators take advantage of full intra-bar information provided by the Bloomberg charting package. They allow for up to four times more precision against their classical counterparts.
Learn more about our algorithmic trading system in this free white paper. Inside we detail the methodology behind our algorithms and our trading system. This automated trading system white paper covers the basics of algorithmic trading, strategies and systems.
This document summarizes the features and benefits of subscribing to the Bazaartrend advance 1000 trading product. It provides interactive real-time charts, technical analysis tools, scanners, watch lists and more to optimize trading. Subscribers can access premium charts, set alerts, track important levels and indexes, and get lists of trending stocks. While the tools can help traders analyze the market, trading still requires skill and responsibility - the document recommends trying a free trial before subscribing.
The document provides an overview of algorithmic trading, including definitions, common components, and considerations for developing algorithmic trading strategies. It discusses the basic schema for algorithmic trading, including acquiring market data, analyzing the data, establishing conditions to trigger trades, and executing trades. It also covers related topics like risk management, portfolio management, data handling, and post-trade analysis. Additionally, it discusses different types of algorithmic trading strategies and considerations for backtesting strategies.
TradersCockpit.com is India's leading Cloud based platform Firm providing Markets Analytics Software Solutions to every Trader, Investor whether newbie or expert using power of technical & fundamental analysis.
It gives you give you the power for leveraging strategy/algorithmic based trading without you writing a single line of code. To learn more about TradersCockpit.com can help you, please go through the presentation as it explains in detail about TradersCockpit Product Offering.
CHAPTER 12: THE TRADING PLATFORM & TYPES OF TRADING CONTRACTSanyoption
Profit Line Feature
Take Profit Feature
Get Quote Feature
Roll Forward Feature
Payout Percentages Option
Market Sentiment Indicator
Mobile Trading
Types of Trades Available
Social Trading:The most interesting and useful tool to get access to financia...keith8385
Social trading is considered to be the newest; the most interesting and useful tool to get access to financial markets. It is widely used by beginner traders and also serves as great tool for professional traders to increase their profit. The basis of all types of social trading is a system that copies transactions.
Generating buy and sell signals with optimum chartLeadingTrader21
Optimum Chart is the Standalone Charting and Signal Platform. Optimum Chart is geared up best for your Price Action and Pattern Trading solution. You can generate buy and sell signals using the built in pattern scanner for both Forex and Stock markets. Here are the simple steps.
This document provides an introduction and overview of the Harmonic Volatility Indicator, a technical analysis indicator for measuring market volatility. It describes how the indicator provides curved support and resistance lines using Fibonacci analysis applied to volatility rather than price. The indicator aims to overcome limitations of other volatility tools like Bollinger Bands by providing a more comprehensive picture of market volatility. It can help identify mature trends that are nearing an end and provides support/resistance levels for trading strategies.
Real time renko, smart renko and price breakout pattern scanner atiLeadingTrader21
1) The document introduces Real Time Renko, Smart Renko, and Price Breakout Pattern Scanner indicators. Real Time Renko transforms candlestick charts into Renko bricks, while Smart Renko overlays Renko bricks on candlesticks. Price Breakout Scanner detects breakout patterns like head and shoulders.
2) Renko charts reduce noise and make trends and support/resistance easier to identify. Smart Renko allows combining candlestick and Renko signals. Price Breakout Scanner provides trading opportunities when prices break above or below pattern boundaries.
3) Applying the indicators together can provide a more comprehensive analysis by detecting patterns on Renko bricks and confirming signals on candlesticks. The guided instructions also aim to improve
Automatic resizing your stop loss and take profit level with harmonic pattern...LeadingTrader21
Having understood all the concept behind the Pattern Completion Interval, you might observe that sometime price can react outside the pattern completion interval. Sure, there is nothing perfect in the world. As long as you understand the pros and cons of using large stop loss size, it is still fine to control your own stop loss size.
However, we still prefer to express stop loss size in terms of pattern completion interval range for convenience. For example, if the original stop loss size was equal to 1 x pattern completion interval, you can certainly use 1.5 x pattern completion interval or 2 x pattern completion interval.
Another consideration before you are using pattern completion interval, if you can enter the market at the competitive price, then you can feel less guilty when you increase your stop loss size because you are still remaining good rewards/Risk ratio. On the other hands, if you have entered market at not so competitive price, then you might be cautious when you increase your stop loss size.
The same feature applies to X3 Chart Pattern Scanner (Non Repainting and Non Lagging Harmonic Pattern and Elliott Wave pattern scanner.)
In addition, you can watch the YouTube Video titled feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
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/
X3 Chart Pattern Scanner
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/
ATI website at: http://algotrading-investment.com
Or follow the latest development and update news at: https://algotradinginvestment.wordpress.com/blog/
1) The document discusses the importance of discipline in trading. It states that discipline is key to success and will help increase profits regardless of the trading system used.
2) It emphasizes practicing discipline 100% of the time and that the markets will reward disciplined traders. No shortcuts exist to becoming a successful trader.
3) The document also discusses the importance of properly sizing trading positions. It notes that trader size matters and presents a method of adjusting position size based on account percentages and winning or losing streaks to take advantage of streaky systems.
“Optimum Chat” is a standalone charting solution to generate buy and sell timing for Forex market and Stock market. It is not a research tool but it is a practical trading tool designed for you to go live trading. Optimum Chart is also the collection of the most profitable indicators and tools we were developing last 10 years. For you users, you will be just using the ready-made tools. There is no need for coding or googling tones of hours in your live trading our Optimum Chart.
We put together this document as a roadmap for Forex brokers who wants to advance in Forex business.
Who we are? We are specializing in custom solutions for brokers, traders, signal providers and money managers. Regardless of the platform that you use we can build a solution for you. 80% of the success in Forex is technology. If you underestimate the role of the technology, you are on the wrong side of Forex.
Backtesting Engine for Trading Strategiesbzinchenko
Quant Trade Backtesting engine is the universal standalone software suitable to test performance of any recorded sequence of trades. It allows for independent evaluation of trading performance, calculation of trading statistics and visual representation of trading performance charts.
This document provides an overview of the charting features available in R I Trader Pro. It describes the key components of the time chart window, including the chart quote board, chart header, and chart body. It also explains how to display market data and account information on the chart and how to use the various menu options to manipulate the chart display, add drawings and annotations, adjust the price scale, and overlay secondary studies and technical indicators.
Trading operation with correlation ranking heat mapLeadingTrader21
Correlation Ranking Heat Map is the panel (i.e. dashboard) provided from Optimum Chart, which is the standalone charting and analytical platform. With Harmonic Pattern Scanner and Pair Trading Analyser, Correlation Ranking Heat Map provides the unique and powerful information for your trading. In this article, we will provide you the essential information you need to understand the trading operation with Correlation Ranking Heat Map.
Precision Oscillator Suite for Bloomberg Professionalbzinchenko
We offer a simple and powerful collection of improved technical indicators inherited from classical oscillators widely used throughout modern technical analysis. These oscillators take advantage of full intra-bar information provided by the Bloomberg charting package. They allow for up to four times more precision against their classical counterparts.
Learn more about our algorithmic trading system in this free white paper. Inside we detail the methodology behind our algorithms and our trading system. This automated trading system white paper covers the basics of algorithmic trading, strategies and systems.
This document summarizes the features and benefits of subscribing to the Bazaartrend advance 1000 trading product. It provides interactive real-time charts, technical analysis tools, scanners, watch lists and more to optimize trading. Subscribers can access premium charts, set alerts, track important levels and indexes, and get lists of trending stocks. While the tools can help traders analyze the market, trading still requires skill and responsibility - the document recommends trying a free trial before subscribing.
The document provides an overview of algorithmic trading, including definitions, common components, and considerations for developing algorithmic trading strategies. It discusses the basic schema for algorithmic trading, including acquiring market data, analyzing the data, establishing conditions to trigger trades, and executing trades. It also covers related topics like risk management, portfolio management, data handling, and post-trade analysis. Additionally, it discusses different types of algorithmic trading strategies and considerations for backtesting strategies.
TradersCockpit.com is India's leading Cloud based platform Firm providing Markets Analytics Software Solutions to every Trader, Investor whether newbie or expert using power of technical & fundamental analysis.
It gives you give you the power for leveraging strategy/algorithmic based trading without you writing a single line of code. To learn more about TradersCockpit.com can help you, please go through the presentation as it explains in detail about TradersCockpit Product Offering.
CHAPTER 12: THE TRADING PLATFORM & TYPES OF TRADING CONTRACTSanyoption
Profit Line Feature
Take Profit Feature
Get Quote Feature
Roll Forward Feature
Payout Percentages Option
Market Sentiment Indicator
Mobile Trading
Types of Trades Available
Social Trading:The most interesting and useful tool to get access to financia...keith8385
Social trading is considered to be the newest; the most interesting and useful tool to get access to financial markets. It is widely used by beginner traders and also serves as great tool for professional traders to increase their profit. The basis of all types of social trading is a system that copies transactions.
Similar to Quick guideline for harmonic pattern plus for starter (20)
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
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Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
5 Tips for Creating Standard Financial ReportsEasyReports
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What's a worker’s market? Job quality and labour market tightness
Quick guideline for harmonic pattern plus for starter
1.
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Instruction (Manual) Document
This part should be filled by author before your submission.
1. Information about Author
Your Surname
Your First Name
Your Country
Your Email Address customer.support@algotrading-
investment.com
Your ID on our website http://algotrading-investment.com
2. Information for the submitted materials
Title of the submitted instruction or manual Quick Guideline for Harmonic Pattern
Plus for Starter
Language of Instruction English
Key words (at least 3) Harmonic Pattern Plus, Smart Renko,
Real Time Renko, Renko Chart, Forex,
Investment, Harmonic Pattern Scenario
Planner, Technical Analysis, Forex, Stock
Market
Date of Completion 17 Dec 2015
Version of this Document 1.3 (revised 10 March 2018)
3. If it is about any trading platform or any of our products (leave empty if you don’t use)
Name of Trading Platform MetaTrader 4 or MetaTrader 5
Trading Platform version Build 1090
Name of Product Harmonic Pattern Scenario Planner (9.9),
Harmonic Pattern Plus (9.9)
Product version 9.9, 9.9
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Quick Guideline for Harmonic Pattern Plus for Starter
10 March 2018
www.algotrading-investment.com
Contact: customer.support@algotrading-investment.com
This document is applicable to Harmonic Pattern Scenario Planner too.
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Overview about Harmonic Pattern Plus
Harmonic Pattern Plus detects the reversal (turning point) patterns in your chart
automatically. The software will recommend you to the potential entry and exit for your
trading at turning point. With some discretionary thinking together, using Harmonic Pattern
Plus is the profitable and convenient way for your trading. With a lot of automation, you have
very little work to do for your trading. Harmonic Pattern Plus was evolved for many years to
meet the needs for the professional traders. As a result, Harmonic Pattern Plus contains many
different features and functionalities in one software. Because of this comprehensive feature,
starters can get little frustrated at the beginning. However, it is important to remember that
everyone evolve to different stage and different mind-set in his or her trading career. It is
better not assume anything too quick. As your skills improve with your trading, you will be
glad that Harmonic Pattern Plus offers those features and functionalities for your trading.
Obviously, there are clear reasons that those feature and functionality are there. You may not
see the benefit now but you can see the benefits in the future. Just avoid making too quick
assumption or judgement on the software just after few days of using them. It is important
to remember that you do not have to use all of features and functionalities at the same
time. You will likely to use some features and functionalities depending on your experience
and preferences. Please switch off rest of feature and functionality and only leave the
features best suit for your needs. In this article, we provide brief description of features in
Harmonic Pattern Plus.
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1. Automatic Reversal (turning point) Pattern Detection
It is the primary function of Harmonic Pattern Plus. Once the reversal (turning point) pattern
is detected, you can anticipate the turning point in the market. It is not bulletproof strategy
but many professional trader uses these patterns successfully in the financial market. Since
each pattern show the direction of trading, it is not difficult to follow each pattern for your
trading.
Figure 1
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2. Custom Take Profit and Stop Loss based on Pattern Completion Interval
Harmonic Pattern Plus can provide you automatic take profit and stop loss at your desired
rewards/risks. For your live trading, you can just tune your actual order according to the
provided stop loss and take profits. In addition, the provided custom stop loss and take profit
is interactive one. Therefore, you can drag them in your chart to adjust them in real time. I
know it is amazing that you can interactively control your stop loss and take profit from your
chart. This feature is useful in the fast trading environment because you can think less to
produce the right take profit and stop loss targets.
Figure 2
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To control the size of take profit or stop loss, simply go to the indicator setting. In the indicator
setting, you can control the size of take profit and stop loss as well as many other features. If
you want to change anything on take profit and stop loss, just visit the indicator setting first.
Figure 3
3. Pattern Completion Interval Box
Pattern Completion Interval Box provides few very important information. Firstly, Pattern
completion interval is the basis for our custom takes profit and stop loss levels. Stop loss size
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1 equals to one box of pattern completion interval. Secondly, PCI box can help you to identify
your worst entry point (median open price). When the pattern is detected, you should aim to
enter before the price cross over the median open price. Otherwise, your rewards/risk can be
ruined and you have to hold your position longer to achieve the same rewards/risks. Before
the median price, you can keep searching for the best entry point where the price can least
move against your position.
Figure 4: Pattern Completion Interval for Bearish ABCD pattern.
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Figure 5
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4. Potential Reversal Zone Type A and Type B
Simply speaking potential Reversal zone is the area where three or four Fibonacci levels are
converging together. The original concept of Potential Reversal Zone was devised by Scott
Carney to identify the final point D of the pattern (we refer the original PRZ of Scott Carney
as the PRZ Type A in Harmonic Pattern Plus). In Harmonic Pattern Plus, we go beyond this
original concept. We created what we called Potential Reversal Zone Type B (devised by
Young Ho Seo). Unlike the original Potential reversal zone devised by Scott Carney, Potential
Reversal Zone Type B is constructed after the final point D is formed. Potential Reversal Zone
Type B can be used to predict future price movement after harmonic patterns are detected.
Price can make reversal or breakout movement around Potential Reversal Type B. You might
decide to either cut your profit or trail stop at the PRZ Type B levels.
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Figure 6
5. Japanese Candlestick Patterns Detection
In Harmonic Pattern Plus, you can scan 52 Japanese candlestick patterns automatically. This
Japanese candlestick pattern can support your trading decision on top of the reversal
harmonic patterns. However, you can only use this features if you prefer to use. It is not a
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compulsory to use these Japanese candlestick patterns. You can switch on and off this feature
from indicator setting too. Visit indicator setting to enable the Japanese candlestick patterns.
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Figure 7
6. Automatic Channel
Beside the 52 Japanese candlestick patterns, the automatic channel is another feature to
support your trading decision. Detection of turning point is much easier when the channel is
located together with the pattern. For example, screenshot below shows the bearish turning
point detected together with AB=CD pattern and channel together. You can switch on and off
this automatic channel from indicator setting too. Visit indicator setting to enable the
automatic channel.
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Figure 8
7. Multiple Timeframe Pattern Analysis
You will appreciate the power of multiple timeframe pattern analysis. With Harmonic Pattern
Plus, you can bring the harmonic patterns in lower timeframe to upper timeframe. Or you can
bring the Harmonic Patterns in upper timeframe to lower timeframe. To do this simply use
Lock button in your chart. When you lock the pattern in your chart, they will stay even if you
change the chart timeframe. In addition, you can even detect D1 and H4 Harmonic Patterns
from H1 timeframe chart at the same time. To do so you have to put several Harmonic Pattern
Plus into one chart. In addition, it is important to differentiate multiple timeframe pattern
analysis from multiple timeframe pattern detection. Multiple timeframe pattern analysis
brings the patterns detected in different timeframe into single chart to allow you visually
reinforced trading decision. For example, if you have bearish BAT pattern in D1 timeframe
and butterfly pattern in EURUSD H1 timeframe, then you have much stronger reason to sell
EURUSD. In multiple timeframe pattern detection, you can be alerted when the pattern is
detected from different timeframe. However, they will not bring the patterns into your chart.
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Figure 9
Figure 10
8. Multiple Timeframe Pattern Detection (alert)
Multiple timeframe pattern detection allows you to monitor the patterns in different
timeframe efficiently. For example, if you attach Harmonic Pattern Plus to H1 timeframe
EURUSD chart. Then you can still monitor what is happening in another period like M5, M15,
M30, H4 and D1etc without actually opening another chart.
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Figure 11
9. Even More Features
I think there are even more features you can use than just described features in this article.
You can probably try to find out by yourself.
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10. Steps to improve Trading Performance with Harmonic Pattern Plus
For starters, we recommend you to practice these steps on demo account first. These steps
can be applied to Harmonic Pattern Scenario Planner too. Typically, fund management firm
or investment banks offer 1 to 3 month initial training for junior traders before they go for
the live trading.
A. Make sure that you understand the basic secondary confirmation like RSI, other oscillators,
or other price action tools. In addition, you need to wait for the 1st candle to complete after
the pattern is detected. This is very basic steps for Harmonic Pattern Trading explained in the
textbook. Wait for at least one candle.
B. The textbook approach in step A can often ruin your rewards/risk ratio due to the late entry
(but it is still good to practice the classic entry first). At the first bar after the pattern detection,
the price can react dramatically and you can often miss the good entry. Therefore, you will be
appreciated to use Pattern Completion Interval to favour your trading entry. For example, try
to practice to make entry before the price hit median open price in the PCI box.
C. While you are practicing step A and B, understand the number and figure in the Guided
Trading Instruction. If Reward/Risk =5, you only need 20% success rate to break even. You can
also set your target goal using Guided Trading Instruction.
D. You might learn how to use Regression Channel and Japanese candlestick patterns to
improve accuracy in your decision.
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E. Start to trade using PRZ Type B. Now in this stage you can manage your take profit more
sensibly. You can decide to cut your profit or to trail stop around the PRZ Type B levels.
F. Many Harmonic pattern traders combine Harmonic Pattern Plus with more advanced
secondary confirmation techniques. Bring your strategy to more advanced level by fine-tuning
with advanced technical analysis.
G. You can use Harmonic Pattern Plus with Price Breakout Pattern Scanner. Try to understand
how horizontal support and resistance lines (Harmonic Pattern plus) and diagonal support
and resistance lines (Price Breakout pattern Scanner) interact together. This step is optional
only but the consequence is very powerful.
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Appendix –Mean Absolute Percent Error (MAPE) in details
1. Mean Absolute Percent Error
As harmonic pattern detection and statistical geometric pattern detection share a lot of
common knowledge, we use some established concepts from statistics, econometrics and
other financial theory for our harmonic pattern software. Firstly, we introduce the concept of
pattern matching error. The pattern matching error is the error between the detected pattern
(by Harmonic Pattern Plus) and the ideal pattern in the textbook. The pattern matching error
represents how closely the detected patterns are matching to the reference pattern in the
textbook. Some traders might doubt why we do not introduce the reverse concept of pattern
accuracy (pattern accuracy = 1 – pattern matching error) instead of pattern matching error.
Simply speaking, it is because it is the industrial standard to report the error than accuracy in
many financial and statistical organizations. However, the difference between pattern
matching error and accuracy is none. You need to get used to convert pattern-matching error
to pattern matching accuracy for your financial trading.
There are many error metrics or loss function can be used for pattern matching error for
harmonic patterns including MSE (Mean Squared Error), RMSE (Root Mean Squared Error),
MDE (Mean Absolute Error), MAPE (Mean Absolute Percent Error). We list some of common
error functions for your better understanding:
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Figure 12
To provide the universal measure of pattern matching error regardless of pattern types and
their size, we use MAPE (Mean Absolute Percent Error) in our Harmonic Pattern Software. To
help more clear understanding of our users, we present full formula for our pattern matching
error, MAPE:
Figure 13
As the pattern matching accuracy is equal to 1 – pattern matching error, Harmonic pattern
with smaller MAPE represents the cleaner and more beautiful pattern. Both our Harmonic
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Pattern Plus and Harmonic Pattern Scenario Planner will report MAPE to traders. Traders can
use this MAPE metrics to fine tuning entry and exit timing for their trades. Also remember
that both Harmonic Pattern Plus and Harmonic Pattern Scenario Planner have the ability to
reply historical pattern from your charts for your complete strategy development.
Figure 14: MAPE 0.54% is good and trader can trade such a pattern with more confidence.
2. Pattern Matching Accuracy VS Success Rate
One common mistake for traders is to take pattern matching accuracy (= 1 - pattern matching
error) as success rate of the pattern. This mistake is sometimes found in commercial software
too. This is quite misleading and traders must not confuse between pattern matching
accuracy and success rate. Pattern matching accuracy represents how closely the detected
patterns are matching against the ideal pattern introduced in the text book. Pattern matching
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accuracy will tell you how much the shape of the detected patterns are alike to the ideal
pattern known to traders. Normally the detected patterns are expected to have MAPE less
than 10%. However, we often observe that some patterns are as ugly as having MAPE 25%,
but they still have quite good predictive power. However if MAPE is too large, then you may
decide not to trade. The pattern look like a perfect pattern can still fail to spot trend reversal
point due to many factors like noisy in data and round up errors in computing, etc.
On the other ends, Success rate represents how many times the patterns were successfully
predicted the trend reversal in historical data. The success rate is highly subjective to pattern
itself. For example, Shark pattern and butterfly pattern have different success rate. Our
harmonic pattern software is well designed for you to study the success rate of each pattern
and to improve your trading skills. Although we have pointed the difference between patterns
matching accuracy and success rate by their definition, both also have strong connection too.
For example, you will less likely to make a mistake in your trading when you spot the patterns
with smaller MAPE in your charts. Because the pattern with large MAPE might indicate that
the pattern is still immaturely formed, therefore the price might continue to move in the
trend direction instead of tuning.
3. Further note on Pattern Matching Error MAPE
As we described, there are quite bit of mathematics used to describe how closely the detected
harmonic patterns are matching against the ideal patterns. We did it by taking industrial
standard approach. If you found it is difficult to digest the concept of Pattern Matching Error
(MAPE), then good analogical concept can be found from Multiple Regression equation. For
example, pattern matching error, MAPE is similar concept to Mean Square Error (MSE) of
multiple regression equation.
For professional traders and investors, this can be very usual things they come across in their
trading floor each day. Although there are little bit of theory to digest, traders are not
necessarily need to know the math behind our pattern detection theory. Therefore, our
harmonic pattern software can be used for any level of traders including beginners. So feel
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free to give a go with our harmonic pattern software. Traders just need to know that smaller
MAPE (%) for the detected pattern indicates that the detected pattern is more close to ideal
or perfect patterns from the text book.