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Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 0%
7-Day Profit: 0%
Support: 24Ρ…7 via Telegram
Try it FreeπŸ€
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 0%
7-Day Profit: 0%
Support: Developer
Try it FreeπŸ€

What is a Scanner?

  • A scanner in Forex trading is a tool designed to analyze multiple currency pairs and timeframes simultaneously.
  • It helps traders identify potential trading opportunities based on specific conditions or indicators.
  • By automating the data analysis process, scanners significantly reduce the time traders spend evaluating charts manually.
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    Types of Scanners

  • RSI Divergence Scanner: Monitors divergences between price and the Relative Strength Index across various timeframes, providing alerts for potential trend reversals.
  • Candlestick Pattern Scanner: Detects various candlestick formations across different symbols and timeframes while integrating support and resistance zones.
  • Harmonic Patterns Scanner: Identifies and signals the completion of harmonic chart patterns, aiding in precise entry and exit points.
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    Operation Mechanism

  • Scanners continuously monitor preset parameters and conditions, such as overbought or oversold levels, providing real-time notifications.
  • They can be configured to analyze different custom strategies, as seen in tools like the Rule Plotter and its integration with the scanner functionalities.
  • Based on user-defined parameters, these scanners also sort identified opportunities, enhancing the trading process efficiency.

    • Benefits of Using Scanners

  • Time-saving: Scanners can monitor numerous assets at once, freeing traders to focus on decision-making.
  • Increased accuracy: They minimize the chances of overlooking important signals due to human error.
  • Versatility: Scanners can be adapted for various trading strategies applicable across Forex, stocks, indices, commodities, and crypto markets.
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    Real-World Application Examples

  • The RSI Divergence Scanner scans for regular and hidden divergences, allowing traders to capitalize on price reversal opportunities easily.
  • All in One Candlestick Pattern Scanner provides insights into over 20 candlestick patterns simultaneously, incorporating strength from support and resistance zones.
  • The Harmonic Patterns Scanner detects patterns like Gartley, Bat, and Butterfly, enabling strategic positioning during market movements.
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