Harmonic Pattern Indicator | Harmonic Pattern finder Indicator For mt4 : Free Download

Harmonic Pattern Indicator is similar to Harmonic Sniper and it is a Metatrader 4 Harmonic Pattern Indicator and Harmonic Scanner. Harmonic Pattern Indicator is a modified version of the Gartley Pattern, Bat Pattern, Cypher Pattern, Butterfly Pattern, and Crab pattern. Harmonic Pattern Indicator and/or Harmonic Sniper is MetaTrader 4 Harmonic Pattern Scanner Indicator which draws the 5 most preferred harmonic patterns instantly in all pairs and all time frames.

HARMONIC PATTERNS:-

  • Gartley Pattern
  • Bat Pattern
  • Cypher Pattern
  • Butterfly Pattern
  • Crab Pattern
Harmonic Pattern Indicator and or/ Harmonic Pattern finder Indicator is used for harmonic trading. The harmonic trading is a method that utilizes the acknowledgment of certain specific price outlines/patterns and the positioning of the exact Fibonacci ratios so as to determine the highly likely reversal points in the financial/Forex markets.


Harmonic Pattern Trading method assumes that patterns or cycles in the forex market prices, like many patterns and cycles in life, recurrence themselves. The crucial part identifying these patterns and enter or to exit an order based upon a high degree of probability that the same notable price action will occur. Even if these patterns are not one hundred percent precise, this status quo has been historically proven. The Harmonic Pattern Indicator identifies arrangements correctly, hence identifying significant opportunities with very limited risk.
Harmonic Pattern Trading is a methodology that utilizes the recognition of specific price patterns and the alignment of exact Fibonacci ratios to determine highly probable reversal points in the financial markets. This methodology assumes that trading patterns or cycles, like many patterns and cycles in life, repeat themselves. The key is to identify these patterns, and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur. Although these patterns are not 100% accurate, these situations have been historically proven. If these set-ups are identified correctly, it is possible to identify significant opportunities with very limited risk. The following are the steps that the indicator follows:-

Pattern Recognition. Here the Harmonic Pattern Indicator automatically detects and gives an alert of any harmonic pattern.
  • Find the Potential Reversal Zone. The indicator goes ahead and evaluates the Fibonacci forecasts plotted on the chart.
  • You will be able to trade the breakout or the rejection of the Harmonic Pattern Indicator and set the proper stop-loss.
  • Enter the market setting the proper stop-loss Trade the breakout or the rejection of the PRZ and set the proper stop-loss. The farthest price level of the Point X of the pattern is suitable stop-loss levels.5. 
  • Position Management It is recommended to reap partial profits as soon as possible to lock into a free ride. Scott M. Carney proposes a very interesting position management system based on a 0.382 Trailing Stop, measured from the reversal point to the reversal extreme.

RISK DISCLAIMER
The application/product displayed on this page or forexwinners.in does not take into consideration your individual personal circumstances and trading objectives. Therefore, it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, expert advisors (EAs), scripts and/or indicators or trading systems and/or trading strategies will result in profits or not result in losses.

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2 Comments

  1. I am a newbie in forex market, suggest me best indicator please.
    Thank you

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