The best way to make money pattern day-trading Forex is to use our premium tool, Real Time Patterns (RTP Forex). You will get real time signals to buy and/or sell Forex based on intraday price information. RTP analyzes 39 types of patterns for Forex in real time with the following frequencies: 5min, 15min, 30min, 1hour, 4 hours, and 1 day. To make this tool more convenient, it's best to customize it. Settings include adjusting the confidence level, price range, types of patterns, etc. You also need to set up notifications for emails or push notifications. The more filters you use, the fewer trade ideas RTP will generate.
To access, from the menu bar, select FOREX, then click the Trading tab, next click on Real Time Patterns.
If you do not feel comfortable making your own customizations and settings, you can try our AI Robots, which already have a minimum number of trades per day and customization settings. They are typically called Day Traders. The good news is that if you buy one or more AI Robots then you will get a monthly credit of $60 or $120 which you can apply towards subscribing to RTP. This means you get RTP for free. If you have any questions, you can always call our customer support, view webcasts, and videos, or sign up for 1-on-1 lessons.
About Pattern Trading in Real time and RTP for Forex
AI Real Time Patterns (RTP) allows the user to compete with Hedge Funds by providing analysis of patterns charted by the prices of pairs of currencies instantaneously. Patterns are akin to EKGs, which doctors use to manually check the regularity of a heartbeat and diagnose the patient. Trading patterns can be used to diagnose the market.
Our AI spots all the crucial parts of a pattern -- the key points and the breakout zone -- and provides backtested statistics for the pattern so you can have an idea of the success of this pattern in the past. Backtested statistics also have a confidence level percentage to pinpoint the reliability of this instance of the pattern. The higher the confidence level, the greater the chance that this instance of the pattern will be successful. In addition to this, for every instance of the pattern, our AI will generate the target price, current price, breakout price, and distance to the target price.
Once on the RTP feed, you can find more information on particular patterns by clicking on them on the left side of the page.
Choose between bullish and bearish patterns, and learn how to distinguish patterns, and use points in the pattern as markers to sell or buy.
Add or delete tickers on the right side of the page to see the live emerging and confirmed patterns for those tickers.
Each tile in the live feed is one pattern spotted for one pair of foreign currencies. Every tile has important information about the pattern: a current confidence level which marks the likelihood that the prices will reach their target; breakout and target prices, a percentage distance to the target prices, the date the pattern emerged for this Forex, and the original confidence level percentage as the pattern emerged. On the bottom left of the tile is a statistics tab which, when expanded, shows the historical statistics of the patterns. These statistics show the number of patterns emerged for the set confidence level, and the percentage of correct predictions of the total emerged patterns.
At the top of the Pattern Feed, click “Customize” to narrow down the patterns and foreign currencies your feed shows by selecting or toggling certain filters. First, edit the time frame to see only the tickers emerged within the chosen period, click or unclick confirmed or emerged patterns to view either or both. Next, edit the confidence level to view only those patterns that are projected to be more likely to be successful. Then, toggle the distance to the target price to establish the threshold for confirmed prices approaching the target price.
Under the same customizations, click the “Pairs” or “Pattern Types” tabs to add or delete them from your feed. Click “Save” on the bottom right corner of the page before exiting the popup.
On the left side of the page, the Instant Pattern Search allows you to select an entire industry or theme of tickers all at once.
To bookmark a pattern, click the bookmark icon on any tile.
View those bookmarked patterns by clicking on Bookmarked Patterns on the same left-hand side menu.
On the AI Real Time Patterns page, scroll down on the left side and find the Try for Free button. If you like the tool, you can purchase it for $30 a month at the end of the 14-day trial period….
...Or, you can get it for free by subscribing to AI Robots and using the credits towards the purchase of RTP!
Learn about AI Robot purchase credits here.
We invite you to check out our other premium products -- they’ll help you be best prepared to take on the market. Some of the premium products that might be helpful for a new trader are the AI Pattern Search Engine and the AI Trend Prediction Engine. In addition, our Screener is a great way for a continuing trader to pinpoint what you’re looking for and monitor the securities for an extended period.
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