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How To Enter a High probability successful Trade?

TradingDepth is using complex Artificial intelligence algorithms (AI) to calculate the best trading opportunities available in the market and calculate prediction strength for every signal to be successful trade or not and this is what gives TradingDepth the power over all other patterns recognition tools.

In Monitor page you will see three tabs

  • Active:-
    Most important part you should focus on , it shows all active patterns that reached entry price point and you can enter the signal now.
  • Emerging:-
    Shows patterns that still under formation you should keep your eyes on it until the price reaches entry point.
  • Expired:-
    Shows deleted patterns which is expired before it becomes active or previous patterns that reached target or stop loss.

Each pattern appears with specific info in the table described as below

  1. Pattern:-
    shows green and red arrows to determine buy or sell pattern respectively with pattern shortcut name.
  2. Symbol:- 
    Symbol or stock this pattern appeared on.
  3. TF:-
    Chart time frame on which this pattern appeared.
  4. Identified:-
    Exact time when (AI) algorithms discovered this pattern.
  5. Prediction Strength (P. S.) :-
    Indicator calculate probability of the signal to reach the targets based on complex (AI) algorithms.
  6. Structure:-
    Indicator calculate pattern structure accuracy compared to original patterns.
  7. Age:-
    Shows how many candles passed since this pattern is activated (for emerging patterns age always 0 since the pattern is not reached entry price yet).

to open a pattern click on Chart button next to each pattern, a new chart page will open to show you more details about selected pattern.

you will see pattern graph and 4 horizontal lines described as below

  • Buy or Sell Price
    This line determine exact price where you should enter the trade.
  • TP1
    first target point, when price reach this level you should close part of your trade and move your stoploss to entry price.
  • TP2
    second target point where you should close second part of your trade.
  • StopLoss
    stop loss level where you should close lost trades.

How to select best trades with high success probability?

when you choose a trade focus on two points

  • Prediction Strength (P. S.)
  • Structure

both Prediction Strength and Structure is calculated based on Artificial intelligence algorithms that learned from thousands of historical patterns to predict the new outcome of future patterns.

if prediction strength is higher than 70% and structure filled at least 8 bars it means very strong probability for this pattern to meet the target and become successful trades.
for example below trades

  • Important Notes
  • if you want to enter the trade sooner you can trade if price goes inside PRZ zone (gray box) and not wait for exact buy or sell price.
  • if there is support or resistance level around PRZ zone it will give the pattern extra edge to become successful trade.
  • don’t enter a trade if there is strong impact news coming because it effects on the pattern direction.