Benefit of Non Repainting and Non Lagging Harmonic Pattern
We made the big step of creating non-repainting and non-lagging harmonic pattern indicator, called X3 Chart Pattern Scanner. Still the benefit of non repainting and non lagging harmonic pattern indicator might be not clear to the novice trader. Therefore, we will explain what the real benefit of non-repainting and non-lagging harmonic pattern indicator.
Before going into the point, you need to understand what is the Harmonic Pattern first. Loosely speaking, Harmonic Pattern is the kind of chart pattern. The structures of the harmonic pattern are based on the Fibonacci ratios. Hence, some people consider Harmonic pattern as an advanced Fibonacci price patterns. Harmonic patterns include Butterfly, Gartley, Bat, Alternate Bat, AB=CD, Shark, Crab, Deep Crab, Cypher, 5-0 Patterns, 3 Drives Pattern and so on. Harmonic Pattern Trading is not bullet proof but if it is used wisely, then it can yield enough edge to pull the profits from the market. Harmonic Pattern scanner refers to the automated tool to scan Harmonic Pattern in your chart automatically.
Before we come up with X3 Chart Pattern Scanner, every Harmonic Pattern detection indicators in the internet were repainting. It does not matter from which company or in which price range of product you get. It was purely due to the technical limitation and nothing to do with that developer is unethical or anything else. Remember that it took us nearly 5 years to break this technological limit to give the birth to the non-repainting and non-lagging harmonic pattern indicator and scanner. Except www.algotrading-investment.com, no other company possess the same techniques of creating non-repainting harmonic pattern and Elliott wave pattern indicators.
The real benefit of non-repainting and non-lagging harmonic pattern indicator is that you could optimize your strategy by testing different indicators and different filters immediately in your chart without using the complicated strategy tester. This is the most direct and fast way of improving your profits. Doing the same amount of specific research is almost impossible with repainting Harmonic Pattern indicators.
In addition, non repainting alone is not the complete story because there are non repainting Harmonic Pattern Indicator but lagging. If it is non repainting but lagging to show the slow signal or out dated signal, in this case, non repainting does not have much value. Non repainting is good if the indicator is not lagging. Hence, you need to find one that is not repainting but giving you fast signal as well.
Finally, even though both non repainting and non lagging conditions are met, there are still one more important factor for the harmonic pattern indicator. That is the harmonic patterns need fully synced through entire historical data. This is another uneasy task to complete. If it is not fully synced, then the harmonic pattern indicator is not testable directly in the chart. Anyway, X3 Chart Pattern Scanner contains all these three important factors.
You might try to optimize your strategy with repainting harmonic pattern indicator too. However, that is incomplete solution around this because repainting indicator does not show failed historical patterns. Hence, whatever you do, with repainting indicator, it is not possible to test and to optimize your strategy for historical data in mechanical way.
For the best trading performance, you will need an indicator and strategy as one piece to achieve highly profitable trading system. You can apply this very idea to Profitable Pattern Scanner. You can trade as you see with predetermined success rate.
On the other hands, X3 Chart Pattern Scanner is the brand new technical indicator. Of course, it can cost more than other repainting Harmonic Pattern and Elliott Wave patterns indicators. Hence, if you have less money to afford X3 Chart Pattern Scanner, it is still good to have either Harmonic Pattern Plus or Harmonic Pattern Scenario Planner for your harmonic trading. Just understand the limitation of repainting Harmonic Pattern indicators before using them. Many people do use repainting indicators every day. They are happy to trade with them.
If you can afford X3 Chart Pattern Scanner, then you can indeed build the highly integrated and optimized strategy for improved profits. You will enjoy the power of non-repainting and non-lagging indicator. The added bonus is that each pattern in X3 Chart Pattern Scanner is customizable so that you can fine tune each pattern to pull more profits from the market.