About EA Pattern Explorer

expectations

Classical theory suggests patterns (setups) Price Action, as an
certain combinations candles / bars, whose appearance
It indicates probably a good time to enter the market.
The pattern is formed through a specific movement pattern
the price reflects the condition and dynamics of the hidden potential of the market.
Using patterns Price Action, as signals for opening transactions
trader receives - some statistical advantage, because,
repetition of well-known pattern of price movements - are more likely than
it does not repeat. The patterns are universal to all markets and
timeframes.

Reality

So says the theory. That in practice? research conducted
Vertex Investments (representing, in essence, a titanic amount
work) showed that the patterns Price Action really work,
but does not always, and certainly not everywhere. How and where? understand the
this will help you Pattern Explorer Advisor ©

Pattern Explorer © - a unique tool allowing the trader,
easily create automated trading systems based on the known
candlestick patterns Price Action.

On the Pattern Explorer © you can:

• 
  

  Check the efficiency of various patterns at various trading tools and timeframes.

  
  


• 
  

  testing different options and limitations of taking profits
  loss, to find the most advantageous combination for
  a certain pattern on a particular instrument.
  

  
  


• 
  

  using a variety of filters to improve profitability
  trading system.
  

  
  


• 
  

  run by and checked in the Tester Metatrader 4
  automated trading systems to work.
  

  
  


• 
  

  to use the statistical data about the profitability
  of a pattern of Price Action, in its "manual" trade for
  make more informed decisions.
  

  
  


• no programming skills now to join the
  the process of creating and testing strategies to give immediate
  experience developing system flair trader and promoting
  rise, more and more profitable ideas, pans, implement
  which will be outside the context Pattern Explorer © and Trade
  patterns Price Action.

That in fact there is in the EA at the time the version [1.0]:

• 10 built-in patterns, each of which can be specified stringency 100 gradations applied to its recognition criteria.
• The ability to use each pattern "conversely"Using inversion functions. (In fact it is still + 10 patterns)
• Four different variants of SL (including averaging) + possibility to use trailing stop and exhibit "breakeven".
• three different ways to take profits, including a combination of options.
• the application of additional conditions to enter into a transaction (filters), such as a trend filter / counter-trend, the filter days of the week, volatility filters and filter sessions.

All this functionality is implemented in the most convenient and simple way.

The list of built-in patterns.

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