End-of-Day 5.0 ~ features

1) Unique, powerful features:

Automatic Trade Scanner -

For Standard Use: scans a database for the 3 key Trade Set-ups (see here) at the Typical price zone & showing signs of price reversal.

For Advanced Use: can also scan for: 1. set-ups at the Minimum & Maximum price levels. 2. set-ups on a Minor level (smaller) & Major level (larger). 3. early warnings of set-up price reversals eg. Inside Day, Doji candlestick. 4. standalone ABC corrections 5. corrections not showing simple ABC sub-division ~ wave (2orB), wave (4). 6. other stand-out moves eg. 80/20 day, Minor Pullback, High Volume.

Can also scan for other Elliott wave patterns (based on our unique Isolation Approach™), including valid Major & Minor Elliott Wave sequences in addition to the normal Intermediate degree. F7/F8 keys allow quick scrolling between result charts - no need to return to the results table.

Risk/Reward function - calculates the Risk/Reward ratios at projected price targets, the 100% Initial Risk zone & 2-3x Initial Risk zone. Can adjust 100% Initial Risk & 2-3x Initial Risk zones to take account of actual gap opens. Also displays analysis on-screen for visual evaluation of R/R and confirmation of exit stop strategy.
Initial Risk Calculator module - calculates the position size to trade to keep the initial (money) risk to a preset % of the fund (either 'fixed' or' variable fractional' method).
Wave Price Target module - WPTs are automatic Fibonacci Price clusters. They display colour-coded price targets for trades, used to project future support/resistance areas where reversals are likely and as a guide to exit stop strategy.
Trade set-up module - displays a trade set-up, but only if there is one.
Show Elliott Waves module - displays only a valid Elliott wave pattern (based on the Isolation Approach), but only if there is one. Minor, Intermediate and Major degree patterns selectable.
Trade set-up Reversal bars module - confirmation of price reversal (specific reversal patterns) plus early warning of price reversal (Inside Day; Doji candlestick) & other stand-out moves (80/20 day alone; Minor Pullback, High Volume) using colour-coded bars. Allows early trade entry .
Training mode/Historical Search module - return to an earlier date to check the reliability of previous set-ups/Elliott wave patterns etc.
Advanced Use trade set-ups - in addition to the Scanner Advanced Use (above), allows manual uncovering of valid set-ups & continuation set-ups in open trades.
Advanced Use trade management - allows following multiple-position trading, pyramiding (continuation set-ups), biasing profit targets (seasonal reasons, character of trend), different exit plans (2-3x Risk zone alone, mvg. averages).

2) Further advanced features:

Natural Time Vibration (NTV) module - ranks Fibonacci time ratio clusters, for added weight in trade set-ups.
Candlesticks - popular alternative to bar charts, especially for reversal patterns.

3) Additional features:

Fibonacci price retracements/projections/expansions - manual analysis.
Fibonacci time retracements/projections - manual analysis.
High/low tags - precise price labeling of bars.
Basic studies - moving averages, moving average oscillator, stochastic, stochastic RSI, ADX, +/- DI, Bollinger bands.
DGLs (Dynamic Gann Lines) - these are a proprietary technique developed by Don Fisher. For more information please email ganntrader@aol.com