Introduction to Optimal Turning Point Pattern
In the history of financial trading, Optimal Turning Point Pattern Scanner is the first non repainting and non lagging indicator for
Harmonic pattern, Elliott Wave pattern and new other turning point patterns. Historical patterns match with signal
patterns. Hence, you can readily develop profitable strategy in your chart. More importantly, this superb pattern scanner detects
the optimal pattern of its kind.
By comparing performance of variations of each pattern, we can identify the most optimal pattern for our trading. For example, Gartley
pattern can have several different versions in its structure. Who knows with which version of Gartley pattern we should trade? Only way to
find out is to compare each version of Gartley pattern apple to apple. After that, we can select the most profitable pattern among the
different versions. Optimal Turning Point Pattern Scanner is designed to detect the optimal turning point patterns to maximize your
profit.
Optimal turning point patterns include Harmonic Patterns, Elliott Wave Patterns, and X3 patterns. 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 swich off all Elliott wave and X3 patterns. Also do note that each patterns are completely
customizable with RECF notation.
Harmonic Pattern Category
- Optimal AB=CD
- Optimal Butterfly Pattern
- Optimal Gartley Pattern
- Optimal Bat Pattern
- Optimal Alternate Bat Pattern
- Optimal Shark Pattern
- Optimal Crab Pattern
- Optimal Deep Crab Pattern
- Optimal Cypher Pattern
- Optimal 5-0 Pattern
- Optimal 3 Drives Pattern
Elliott Wave Pattern Category
- Elliott Wave .1234 Pattern
- Elliott Wave .12345 Pattern
- Elliott Wave .12345AB Pattern
- Elliot Wave .12345ABC Pattern
X3 Pattern Category
- Star River Pattern
- Trident Pattern
- Horse Pattern
- Eagle Pattern
- Phoenix Pattern
Product Features
Entry and Exit for Trading
This indicator provides three essential components to trade with turning point pattern:
- pattern completion interval
- potential reversal zone
- potential continuation zone.
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.
Secondary confirmation
Even we provide most optimal turning point patterns with our pattern scanner. Any experienced trader will recommend using secondary
confirmation together for better profits. Depending on your skill, you can combine various secondary confirmation technique with
Optimal Turning Point Pattern Scanner.
- Other technical indicators (i.e. RSI, CCI, MACD, etc)
- Fundamental Analysis
- Financial and Political News
- Elliott Wave Analysis
You can also use following products with Optimal Turning Point Pattern Scanner:
Important Note for Trading
- Optimal Turning Point Pattern Scanner provides many good patterns for your trading. However, use the patterns you like most for your
trading. Each pattern in the scanner can be switched on and off.
- Computation of history patterns can be heavy. To improve indicator speed, you can set BarsToScan = low number like 50 or 30 if necessary.
This will reduce computation for history patterns but this will not affect your live trading.
- This indicator is testable in strategy tester up to 80% of its features. Please test it before purchasing.
