How do I use the chart patterns and trading patterns in the trading platform?
Detect 18 different candlestick patterns, and use them as trading signals.
The 1-2-3-4 chart pattern identifies markets which are breaking out of consolidation.
This pattern identifies market rebounds.
The Hikkake pattern is used to identify possible turning points in the market.
This pattern was defined by the well-known trader Jesse Livermore, who considers it a strong signal.
As the name indicates, this chart pattern includes an opening gap.
Market structure points are important chart patterns, which every trader should be able to identify and keep an eye on.
Inside bars indicate a period of consolidation in a market and they often form following a strong move in a market, as it pauses to consolidate before making its next move.
A Bullish Engulfing pattern consists of two candlesticks: a bearish candlestick (red) with a small body followed by a bullish candlestick (green) with a larger body. The body of the bullish candlestick engulfs the body of the bearish candlestick.
A Bullish Engulfing pattern consists of two candlesticks: a bearish candlestick (red) with a small body followed by a bullish candlestick (green) with a larger body. The body of the bullish candlestick engulfs the body of the bearish candlestick.
A patterns appears automatically in the chart. You can manually place an order when the pattern occurs. A screener is used to detect a pattern in a selection of markets. A signal can be used to automatically or manually open a position. You can then manage the position by adding stops and targets. Strategies are complete with stops and targets. They can be traded manually, semi-automatically or automatically.
No. Detecting a pattern is the first step, putting the pattern in the right context and trading it is the next step. This is where the NanoTrader excels and makes it easy for you. Examples are given on the web pages which explain the chart patterns.
In the NanoTrader you can find the charts patterns in the WHS Patterns folder: