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I want to build a Harmonic Pattern Scanner that works

Discussion in 'Forex Company Comparisons' started by devinbethel, Apr 1, 2017.

  1. devinbethel

    devinbethel Recruit

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    Hi FPA,

    This is my first post, so be gentle.

    My name is Devin, and I'm a student in computational statistics (machine learning). I am OBSESSED with the statistical reliability of harmonic patterns. Sometimes they fail fantastically, sometimes they work equally well.

    Me and a small team have built a core engine that "analyzes" harmonic patterns. The engine outputs a confidence percentage alongside harmonic patterns it identifies. For example, the engine might identify a crab and then spit out a "68.3%" confidence prediction. (If you're wondering, the engine relies on a smattering of deep learning techniques, basic trading knowledge, and lots and lots of backtesting...)

    Here's where it gets commercial though.

    We want to package this engine into a tool that traders will find invaluable. We've looked at the various offerings, free and paid. We like some of it, dislike other parts of it.

    We're looking for more specific feedback about where/how these existing tools are deficient.
     
  2. Pharaoh

    Pharaoh Colonel

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    Sive Morton might be a good person to ask. He's got his own folder in Shoulders of Giants under the Education tab. He uses patterns like that, so should be able to give some constructive feedback. He may also know what sort of similar items are on the market and how well they perform.
     
  3. forexwinyou

    forexwinyou Recruit

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    It is an interesting idea.

    But have a look at this.

    harmonicloser.wordpress.com

    The creator of harmonic trading might be not a genuine trader but sales man only.

    So you might save your time.

    FPA Forums Team Note: Since this thread is drifting into commentary on commercial products, it is being moved to Forex Company Comparisons.
     

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