We are constantly working on improve our algorithms. We want to let you know about the latest changes.
Support and resistance lines are the basis of technical analysis. Any figures and models you see in price charts are just some combination of support and resistance lines. Therefore, we have added conditions to our algorithm and it will now recognize and evaluate the strength of these lines.
We have also added pattern recognition – the downward triangle. The Bear Triangle is not very common, but a fairly simple technical analysis figure. Its shaping requires a clear support line with at least 2 touches and a drop-down resistance line that forms the upper side of the triangle.
We have added this pattern to protect you from significant price drawdowns, that is, during forming such a figure, the algorithm will close positions.
Thank you for staying with us. Stay tuned.