Pattern Recognition for Forex Trading
Up trend, down trend, head-and-shoulders, etc. there are number of common recognized chart patterns. Patterns can be used to confirm other signals or provide valuable insight into current market conditions.
Humans are good at recognizing common patterns. They can generalize easy and see patterns even when chart has a lot of "noise". Computers have to be trained to recognize patterns effectively. Most common pattern classifiers use statistical method or neural networks or combination of both to classify patterns.
Enigma Patterns is pattern recognition engine designed to create indicators for Forex trading. Generated indicators use neural networks to classify patterns and return statistical probability of pattern match expressed as percentage value. Indicators that recognize patterns are used to create Expert Advisors that trade based on trading patterns or combination of technical indicators and trading patterns.
- Enter your own patterns.
- Generate MQL code for pattern recognition.
- Create indicators for price action patterns.
- Generate indicators for patterns of other indicators. Such as patterns of RSI, Stochastic, other popular indicators.
- Generated code does not use external DLLs. It is all done in a single MQL file.
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