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Optimized Harmonic Pattern
Have you ever thought that you could optimize the ratio of each Harmonic Pattern to improve your profit ? In real world trading, each currency or stock can behave differently with different dominating Fibonacci ratios. In addition, we can not assume that one harmonic pattern structure will work best across all currencies and stocks. Hence, there comes the idea of Optimizing the ratio of Harmonic Pattern. For example, you could modify or tune the ratio of Gartley Pattern, Butterfly Pattern, Bat Pattern, Crab Pattern, Cypher Pattern, 5-0 Pattern and so on for each currency or stock if you wish. Or you can modify or tune each Harmonic Pattern to get the overall performance better across all currencies and stocks. It is even better if you can apply the same idea when you trade with Elliott Wave patterns too.
To optimize each Harmonic pattern, you need a tool to visualize the true performance of each Harmonic Pattern through the historical data. It is better if you can see the historical performance directly from your chart without using any other complicated tools or tester or etc.
With X3 Chart Pattern Scanner, you can check the historical performance of Harmonic Pattern for any symbol immediately when you attach it to the chart. This sort of feature is very powerful but unique to X3 Chart Pattern Scanner. For example, You can not check the historical performance of Harmonic Pattern with repainting Harmonic pattern indicator. Since X3 Chart Pattern Scanner is non repainting, non lagging, synced between historical and live pattern, this is possible.
You can trade with optimized strategy in live trading. With X3 Chart Pattern Scanner, you can get the practical performance insight for each Harmonic pattern in few weeks with the historical information. This is really good to learn through your tool direclty and to trade with the same tool. Optimized Harmonic Pattern is a great way of improving your profit. With X3 Chart Pattern Scanner, you can modify or tune each Harmonic Pattern to optimize their trading performance using historical data. You can simply modify the ratio of each Harmonic Pattern in input setting. Below is the link to Non Repainting and Non Lagging Harmonic Pattern and Elliott Wave Pattern Indicator.
This Youtube video will explain some features of X3 Chart Pattern Scanner, the non repainting, non lagging harmonic pattern and Elliott Wave pattern indicator. Please watch the video to find out more about the non repainting Harmonic Pattern indicator.
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Image and article originally from www.mql5.com. Read the original article here.