Interbankfx, the IBFX-PRS Trading Tool, a Review
Since the beginning of this blog I have somewhat given priority to automated trading systems (such as expert advisors) over of manual trading systems. Today I will review for you one of the best trading tools I have found to aid my manual trading. This tools is the IBFX-PRS or IBFX-GPS which stands for interbankfx G raphical P attern S canner or P attern R ecognition S canner. - The IBFX-PRS program does just what you would expect. I t tries to recognize common pattern formations along the different currency pairs and different timelines . It find patterns such as head and shoulders, wedges, triangles, etc. Then in tells you a bunch of very useful information about these patterns. As you can see on the next image, the IBFX-PRS shows you the timeframe, trend, type, length and currency pair of every pattern that has formed completely or is awaiting breakout. The system also tells you how much it "trusts" each pattern formation by a series of indicators such as quality, Initial ...