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Harmonic Patterns Scanner MT4
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What is Harmonic Patterns Scanner MT4?

The Harmonic Patterns Scanner MT4 is a sophisticated tool designed to detect harmonic patterns in the Forex market. It leverages the principles of harmonic trading to identify potential turning points in the market, providing traders with high win rates and numerous trading opportunities. 🎯

Main Features

  • Detects successful patterns such as Gartley, Bat, Crab, Butterfly, Cypher, Shark, Alt Bat, and Deep Crab.
  • User-friendly interface for easy navigation and use.
  • Scans all charts with a single click, including Forex, Cryptocurrencies, Indices, and Commodities.
  • Allows selection and deselection of time frames for scanning (M5, M15, M30, H1, H4, D1, W1, MN).
  • Displays and pushes notifications for stop-loss, entry-point, and take-profit levels.
  • Uses Fibonacci levels and candlestick patterns to find the best entry and exit points.
  • Includes Potential Reversal Zone (PRZ) and Potential Continuation Zone (PCZ) detection for price movement prediction.
  • Sends alerts and push notifications based on user settings.

Pattern Detection

The scanner identifies various harmonic patterns that are crucial for predicting market reversals. These patterns include:
  • Gartley
  • Bat
  • Crab
  • Butterfly
  • Cypher
  • Shark
  • Alt Bat
  • Deep Crab

Customization and Alerts

The Harmonic Patterns Scanner MT4 offers extensive customization options:
  • Adjustable pattern settings for breakout or pattern detection.
  • Customizable display options for percentage lines, take profit, stop loss levels, and pattern names.
  • Alert settings to enable or disable notifications based on user-defined time frames.
  • Options to set the number of candles past a pattern for alerts and buffer size to prevent duplicate alerts.

Input Parameters

The scanner comes with several input parameters to fine-tune its operation:
  • Scan All Charts: Enables scanning across all charts and time frames.
  • Scan the number of candles: Specifies the amount of historical bars to evaluate.
  • Re-scan Timer: Sets the interval for re-scanning all charts and time frames.
  • Pattern Feature (Period, Deviation, Back step): Algorithm parameters for pattern recognition.
  • Error Rate: Maximum allowable error relative to pattern percentage.
  • Wing length: Minimum distance between two legs in a pattern.

Benefits of Using Harmonic Patterns Scanner MT4

Using the Harmonic Patterns Scanner MT4 can significantly enhance a trader's ability to identify profitable trading opportunities. Here are some benefits:
  • High win rate due to accurate pattern detection.
  • Immediate signal detection with alarms and notifications for easy trading.
  • Enhanced risk management with automatic stop loss and take profit levels.
  • Improved trading precision with Potential Reversal Zone (PRZ) and Potential Continuation Zone (PCZ) detection.
  • Customizable settings to match individual trading strategies and preferences.
With its comprehensive features and user-friendly interface, the Harmonic Patterns Scanner MT4 is an invaluable tool for traders looking to capitalize on harmonic trading patterns. 🚀