that the Forex market can undergo a variety of price paths to achieve a certain point in the potential. The future is dynamic. Therefore, planning a trade with a possible future scenario is an important measure for your success. For this purpose, we introduce to your attention the Harmonic Pattern Scenario Planner, the first predictive instrument for discovering harmonic routines of its kind .
- Predicting future models for scenario analysis
- 11 performance of harmonic models
- Automatic stop loss and take profit detection for excellent risk management
- The interval of a complete model for precision trading
- determining PRZ levels of type B
- Automatic channel detection for harmonic models (optional)
- Multi-time frame model analysis
- Multi-time frame model search
- A guide for professional traders
- The function of locking and unlocking models on the chart
- Many other features.
There are powerful modeling techniques that can generate possible price models, such as Monte Carlos Simulation, Brownian motion simulation, etc. For successful modeling, it is necessary to understand the behavior of the price, including the distribution and random nature. The simulation is then repeated as many times as possible to determine the different price paths.
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Each harmonic model shows possible entry points by pivot points. To improve the quality of trading, you can apply additional filters, such as basic filters for RSI, CCI, MACD, Bollinger Bands, and Moving Average. More advanced filters include the Price Breakout Pattern Scanner, Mean Reversal Supply Demand, Elliott Wave Trend, and Harmonic Volatility Indicator. Please note that trading performance may vary depending on your trading experience and trading skills.
Some of the input parameters are listed here.
Harmonic Model Parameters 1 (custom parameters)
The parameters below refer to the functions of harmonic models. You can adjust the size of the buttons, the timeframe for searching for models, and alerts. You can change the timeframe to search for models, but you can’t use the search for models on the lower timeframe for the higher timeframes. For example, you can’t set the Timeframe to detect patterns = H1 when working on the D1 graph.
- Timeframe to detect Patterns – timeframe for searching for patterns
- Max number of patterns to display – the maximum number of patterns to display
- Pattern Index from which to display – index of the model from which the construction starts
- Enable sound alert – enable sound alerts
- Send email if pattern is found-send email messages when a pattern is found
- Send notification if pattern is found-send a notification to your mobile device when a pattern is found
- Display Fibo retracement (DC Future Price Projection) – display the Fibonacci retracement
- Fibo Retracement Length – the length of the Fibonacci retracement lines
- Fibo Retracement Color for pattern – the color of the Fibonacci correction lines for the models
- Fibo Retracment Width for pattern-the thickness of the Fibonacci correction lines for the models
- Use white background for chart – Use white background for chart
- Amount of bars to scan for pattern search – number of bars to search for patterns (default 1500)
- Detect Pattern at Every Tick-search for patterns on every tick, true/false
- Pattern Update Frequency (Period) – the period when the models are updated
The parameters below refer to the size of the buttons on the charts. If the buttons don’t match the size of your screen, try changing these values to match the size of your screen.
- Use Small Button (G