Pattern Recognition Scanner

Developed in-house, the Pattern Recognition system scans over 120 of our most popular products and alerts you to technical trading opportunities across multiple time intervals. Using patterns such as triangles, wedges and channels coupled with our bespoke star rating system, the pattern scanner updates every 15 minutes to highlight potential emerging and completed technical trade set-ups.

Click here to view our video on our Pattern Recognition Scanner.

Subscriptions

The Pattern Recognition software allows you to set up to 5 subscriptions. Each subscription will scan for only the selected patterns, intervals and products that you have specifically requested removing patterns that do not interest you.

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Emerging and completed patterns

The results of your subscriptions will appear in the emerging and completed tab. Emerging patterns are those that have yet to break out and are ones to look out for. Completed patterns have recently breached the pattern and could be potential trading opportunities.

You can set an alert for emerging patterns so if they do complete, an alert will appear on the trading platform signifying this breakout. Once a pattern has moved into the completed patterns section the system will show you the price at breakout, the points change from breakout to the current market price and the price projection range.

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You can always view a visual representation of the pattern by clicking the factsheet icon at the start of the pattern column.

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Back testing

To help identify potential trading opportunities we have also included a complete back testing tool so that you can see the success rates of certain patterns over a selected time period and interval.

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High success Price hits the top third of the price projection range (or higher)
Medium success Price hits the middle third of the price projection range
Low success Price hits the lower third of the price projection range
Failed Price did not breach the price projection box
Active Pattern is still active as price is still within the width of the price projection box.

Whilst wedge patterns are available to all clients, in order to access the full range of patterns, clients must deposit a minimum of £1000.00 into their live account.

This tool is for general information only and not intended to provide trading or investment advice. Please remember that any information relating to past performance of an investment does not necessarily guarantee future performance.Please note that charting data has inherent limitations and should not be relied on in isolation.