PRS - Pattern Recognition Scanner

What is PRS?

Price consolidation, in many different forms, often precedes the strengthening of trends, or the reversal of price directions. When price consolidation forms, it usually forms discernable patterns that breakout in a common manner. The PRS is 70%+ accurate for many of the chart patterns it automatically spots.

• Patterns
• Pairs
• Intervals

Sample from 1999 - 2009. Past performance is not indicative of future results.

How do pattern recognition systems work?

The PRS scans multiple currencies and time frames looking for price consolidation patterns. When a forming pattern is identified, traders using the PRS will be alerted. Completed patterns offer traders a look at where the price direction is most likely to head, thus offering a potential take profit region. The PRS can be used to spot potentially strong trades, or to confirm the strength of current positions held.
Interbank FX offers the PRS as a free download to all*
Read the TASC Review

*In order to use the PRS Tool, you must have an account with Interbank FX. Funded Live Accounts will have full PRS functionality. Demo Accounts will have limited PRS functionality.

**After opening a new account, demo or live, it may take up to 1 business day for your PRS to be activated. Past results are not indicative of future results.

http://www.ibfx.com/Signup