Introduction to Profitable Pattern Scanner
Profitable Pattern Scanner is the non-repainting and non-lagging indicator detecting profitable chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop profitable strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individual patterns according to your preferences. Or You can also switch on and off the category of patterns according to your preferences. For example, if you only want to trade harmonic patterns, then just switch off all Elliott Wave and X3 patterns. Also, do note that each patterns are completely customizable with RECF notation. Japanese candlstick patterns are kind of bonus package added in the indicator. Japanese candlestick patterns can be used as the secondary confirmation for harmonic patterns, Elliott wave and X3 patterns. You can also switch on and off Japanese Candlestick patterns.
Harmonic Pattern Category
Elliott Wave Pattern Category
X3 Pattern Category
Japanese Candlestick Pattern Category
Entry and Exit for Trading
This indicator provides three essential components to trade with profitable patterns:
Provided stop loss and take profit levels are movable and automatically adjustable. Potential reversal zone can be used to identify the location of turning point. Potential continuation zone can be used to predict future price move after turning point detection. It is tactical place where you can set breakeven, or trail stop your profit or to open new entry according to the market condition.
Any experienced trader will recommend using secondary confirmation together with profitable chart patterns. Depending on your skill, you can combine various secondary confirmation technique with Profitable Pattern Scanner.
You can also use following products with Profitable Pattern Scanner:
Important Note for Trading
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