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Now
we'll review "How to Use" the advanced trading
libraries and technical indicator setting within the
PFP program so you can really begin to see the benefits
of the PFP program.
First,
keep in mind that users have complete control over these
features. So lets say that you wanted to trade on a
long-term basis and were only interested in one or two
of the specialized trading libraries. You would simply
set the technical indicators to long-term (a few simply
mouse clicks), then enable only the specialized libraries
you were interested in (again only a few simple mouse
clicks). You are done. You've just setup the PFP program
to look only for long-term trading signals using only
the libraries you've selected.
Next,
lets assume you were interested in only the candlestick
trading signals. You would simply disable all the libraries
except the candlestick libraries and you are ready to
go. See how simple this is?
Now,
sometimes people don't understand that the PFP program
actually teaches you to recognize and trade using any
of the advanced trading libraries. Most of the time,
the best way to learn is to use the interactive pattern
recognition system (by double-clicking on the candles
within a chart). This feature uses a "flash-card"
type teaching method to illustrate the patterns and
teach users what they mean and how to trade with them.
The best advice I can give anyone using the PFP programs
is to spend a good amount of time double-clicking on
candles within charts. The best way to learn is to pick
a candle on a chart (near a previous top or bottom)
and begin double-clicking on every candle as they move
forward (to the right) on the chart. This method actually
teaches the user what to expect from the analysis fo
the PFP program and starts to get them familliar with
the analysis libraries and trading signals.
Remember,
you can enable or disable specific trading libraries
at will. So, if you wanted to learn only one library
at a time, simply enable only one library at a time
as you go through the chart double-clicking on candles.
This is a great way to identify which trading libraries
are effective for your type of trading and to learn
how the PFP program operates.
The
reason we decided to put this information here is because
we wanted people to see how they could customize the
PFP program's analysis to meet their needs. Also, we
wanted to emphasize the teaching abilities of the PFP
program. Some users have commented that they have spent
hundreds (even thousands) on books, videos and other
means of educating themselves. The PFP program can accomplish
this task for far less and continue to provide detailed
trading signals automatically.
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