Fractal Pattern Scanner will do the complicated calculation at background. However, it provides simple trading operation. The Mother Wave pattern will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout. The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected.
In summary, you use breakout for the first profit opportunity, then you will use reversal for the second profit opportunity. However, if the market is too strong on breakout, then you can skip the second profit opportunity and just keep holding on the first breakout opportunity. However, the success of breakout is subjective to probability. In addition, Fractal Pattern Scanner provides the powerful Fractal Wave Analysis with multiple Fractal Cycles.
Main Features
1. Provide Breakout Trading Mode and Reversal Trading Mode with Pattern detection.
2. Automated Gann’s Angles (Gann’s Fan) – measure trend strength with angled lines. We provide advanced Gann Angles.
3. Automated Andrew’s Pitchfork (associated with Mother Wave detection)
4. Automated Fibonacci Expansion and Trading Recommendation on important ratios (associated with Mother Wave detection)
5. Provide the Multiple Timeframe Panel for Turning Point Probability in price dimension (i.e. amplitude) and time dimension
(i.e. wavelength)
6. Fibonacci Probability Graph helping to detect more accurate rising wedge, falling wedge and triangle patterns
7. Automatic Price pattern detection with Mother Wave and Child Waves
Every Fractal Pattern Scanner users can use Fractal Moving Average Indicator together with Fractal Pattern
Scanner. Fractal Moving Average Indicator is free.
Please read the provided manuals and strategy guides thoroughly before buying Fractal Pattern Scanner. If you know how to use strategy tester, then you can test many features of the product in the strategy tester before buying them. This product is the off the shelf product in the store. Therefore, we do not take any personal modification or personal customization request. For our products, we do not provide any code library or any support for your coding.
Further Note
Fractal Pattern Indicator can be used on its own. However, because this indicator provides valuable probability information, you can always combine with different trading system like below:
From the link below, we provide the free application for the automatic Fractal Decomposition Analysis. Use this free tool to increase your understanding on Fractal Decomposition and Fractal Cycle Analysis.
