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 success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind.
Scenario Simulation for future harmonic pattern
There are powerful simulation techniques known to generate possible future price patterns like Monte Carlo 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. You will get the advantage of early warning.
Recommended Usage for Your Trading
You can apply it to any timeframe including M1, M5, M15, M30, H1, H4 and daily. You can also apply it to any currency pairs or future contracts tradable if your broker provides them in your MetaTrader terminal.You can use several different trading setups including:
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.
These inputs concern the button size in your charts. When the buttons are not fitting to your screen size, try to change these values to fit to your screen size.
Of course, for serious trader, you want to squeeze more profits from the market. In that case, you can have a look at the Young’s Mutual Pattern Turning Point Strategy in the book:
You can find above books from all the major EBook distributors including Amazon.com, Barnes & Noble, Kobo.com, and many others.
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