Patterns by HWAFM

BUT! The big question is the following: how to use those patterns for trading? I mean - we can predict the market condition ... let's say - in right way ... and what to do? how to trade, when to open the trade, when to place stop loss and take profit? Some people are saying that we can not trade any patterns ... the other people are keeping their trading experience as a secret ...

By the way, if someone is trading on GMT night so it may be good to prove this uptrend patterns for AUDUSD:





But to say the true - technical analysis is not showing any uptrend sorry ... yes, it may be uptrend if Chinkou Span will be crossed the price but it will be just a correction as secondary trend ... well ... will see in GMT morning.

This is the situation with AUDUSD for right now:

Gartley:



3-drives:

So, almost all developing patterns (arrows with red color) are showing possible uptrend in the future (direction of the arrows is for uptrend). But technical analysis is not showing this situation. because developing patterns are still forming (under development) ... we know that AUDUSD will go to uptrend but when?

1. We can use those patterns together with technical analysis or
2. use some logic as "if all developing patterns for some pair for timeframe started with M30 are showing same direction"

It is not so easy to trade patterns.
In this case AUDUSD I see a clearly impulsive move to the downside : so trend is down , Maybe in elliot terms a wave C or 3.
So I would not go long , but wait for a retracement upwards and take a short if price is starting to loose momentum , and in this case the 1.000 level is of course very obvious ( maybe TOO obvious).
So I would be very interested to see with what this patternsystem comes up if we are in the retracement.

BTW
On my system it gives constantly a fault .
After 3 times a new installation the system gives this message
in the journaltab .
HWAFM instrument loaded succesfully , and then immediately thereafter , HWAFM instrument removed.
in the expertstab.
HWAFM_instrument:cannot load custom indicator HWAFM\HWAFM_stub_instrument '[4802]
My system runs on W64bits.

You can check this indicator inside Metatrader 5:



after that - check the settings in MT5:



and if you installed everything in correct way so - you can just drop this EA to empty black-and-white chart:

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By the way - I did not test it with 64bit ...

Problem is solved , it was an MT5 problem.

For those who encounter the same issue with a fresh install of MT5 , here is how I solved it.

Rightclick on the shortcut on your screen and click properties.
In the target the line should end as follows: terminal.exe or terminal64.exe
After this .exe do the following
1 add a space
2 add following text
/portable

click apply and close , start MT5

In my case it was looking for a different server ( maybe caused by other software running on my sytem)
Anyway add a new server
Metaquotes-Demo
and fill in your logindetails
Now your system should be running OK
you can now see that the folder Files is created and you can see all indicstors you add.

BTW you don't have to allow autotrading or DLL imports.

Just some inyeresting situation for GBPUSD for the next week.

W1 timeframe, formed/developed pattern 3-drives for uptrend

H8 pattern, formed pattern retrecement, uptrend

H8 pattern, developing pattern for downtrend (seems - for the next week)

The same situation is for EURUSD: developed/formed patterns are showing uptrend, but developing patterns are for downtrend. I think - it will be correction for the next week.

This is interesting situation for USDCAD for now:

• MN1 timeframe : all developing/forming patterns are showing uptrend
• W1 timeframe : forming patterns for downtrend
• All other timeframes starting from D1 till M30 : for uptrend

This is Ichimoku charts for those pairs (D1 and H4):

It means: price can break support lines for reversal to bearish, or primary bearish trend will be continuing