Seconds count in trading as do hundredths of a percentage point. Whoever enters a trade first will make more money when that position hits its expected target. It’s that simple. For that matter, whoever enters first will make money simply due to more people entering after them.
Our platform allows you to set an alert on patterns at several different levels, depending on your preference.
Level 1
The alert will be generated as soon as the algorithm detects a reversal in the pattern. This means that you will be alerted first, but it also means that you will receive more alerts, and many will be false positives. It will be very important that you monitor the chart to see if the pattern continues its positive trend.
Level 2
The alert will be generated a bit after the initial reversal point. This is a little safer but will still generate quite a few alerts. It will still be important to monitor the chart.
Level 3
The alert will be generated at a reasonably safe point after the reversal in the pattern. This is a good point to consider entering a trade at your selected entry point. However, there is still a bit of uncertainty. Consider using this alert for days when the market is clearly showing signs of an upward trend.
Level 4
The alert will be generated at a much safer point in the pattern. It is also the last point before our recommended entry point. It is generally safe to enter a trade at your selected entry point, either here or at our recommended point. This alert level coupled with our recommended entry point has tested best in our daily testing.
Note: This is our recommended alert point unless the market shows strong signs of either an "up day" or a "down day", in that case set your alert to Level 3.
Level 5
The alert will be generated exactly at the point where we recommend your entry point. This is also a very safe point, and you can enter a trade with a high degree of confidence immediately. This alert point has also tested very well in our daily testing.
Level 6
We added this alert level for the very conservative trader. This will alert just beyond our recommended entry point. This is a very safe point to enter a trade, but profits will be lower than previous alert levels.
Based on your selected alert level, the web site will send a notification to you in your web browser immediately. The typical time from our receipt of price data to the algorithm analyzing the chart to the alert being generated should be between 1 and 15 seconds. This is minutes faster than any trader using chart drawing tools to find patterns, and most of them aren’t even checking patterns until the pattern is complete, which is generally well after Level 5.
All alerts include entry and exit targets as well as a safe stop loss limit.
