Price Breakout Pattern Scalper EA For Free
Hello Fellow Traders.
I wanted to build a Scalping EA based on the Price breakout strategy based on the price breakout scanner. http://www.mql5.com/en/market/product/4859
Unfortunately, due to heavy computation involved in identifying price breakout patterns (http://fxpricebreakout.ucoz.com/index/software/0-5), I had to stop building this Scalping EA on its experimental stage. I could not make any more progress.
I think still I can't find a ways of reducing computation in identifying price breakout patterns. Implementing full algo it will takes too long time to run back test.
I implemented rough algorithm on the EA Beast to save computation but the accuracy also decrease too with the rough algorithm. So it only shows the good potential but no more at this stage.
So Price breakout pattern is better suited for manual trading only so far I guess.
Anyway, anyone has adventurous mind then you might try this EA on demo account. This is absolutely free.
Note that this is experimental EA and educational EA only although there is no restriction to use this EA on your live account.
But use them with your own caution and care. EURUSD H1 time frame only. This is free EA.
Hopefully you guys will have some fun playing with this EA on this sticky and boiling summer weather, at least it is true where I am living for the time being.
I attach two back testing test reports based on last 1 year data plus EA as well as the EA Beast version 2.9.
Plus, the best broker to use with this EA is some broker allow you to open as many as open positions as you can (even greater than 300). The EA can work with the broker limiting the number of open positions too like the case of Iron FX. But the profitability will reduce dramatically. Also it is better to use this EA with broker you can have tight stop loss and take profit level.
You are more than welcome to discuss your forward testing results here with this experimental EA. So feel free to use this post to discuss anything related to the performance of the EA Beast. You can also share the parameter sets if you find better one. There are only few parameters to optimize.
Some free resources for Price Action and Pattern Trading
Real Time Tick Chart Manual.txt
Real Time Tick Chart MT4_v1.6.zip
Big smile for me.
My breakout Pattern Scanner was somehow picked up as to show the graphical presentation in Market Place in one of the latest articles by Meta Quote Corporation.
Breakout Pattern Scanner is the mother of the EA beast, although the Beast EA only use rough and less accurate algorithm to search for the pattern to save computation. Breakout Pattern Scanner uses full permutation search engine not to miss any significant breakout pattern.
The main focus of the article is purely graphical presentation for products in the Market Place.
It might be interesting to read whether you are seller or buyers or none of them.
Here is the link for the article: http://www.mql5.com/en/articles/999
With all the respects, it was very good tips and points provided by Meta Quote Corporation for newbies preparing for sales.
Plus I might adapt some of advice from the article too for my current and future products.
Free Risk Management Tool Has been updated. If you are manually trading, never trade without this Risk Management Tool.
Manual Trading can be really fun if your risk is controlled. Totally free and available for both MT5 and MT4.
Your Definite Guide for Price Action and Pattern Trading Package
Our Forex Trading software are designed for different level of traders from beginners to Professional Traders. Here you can find out the complete list of Price Action and Pattern Trading Software.
Starter Trading Package 1
Price Action Candle Detector + Risk Management Tool (free) + NRTR (free, http://www.mql5.com/en/code/8349)
Intermediate Trading Package 1
Harmonic Pattern Plus + Risk Management Tool (free) + other technical indicator Template provided from us (free).
Intermediate Trading Package 2
Price Breakout Pattern Scanner + Risk Management Tool (free) + other technical indicator Template provided from us (free).
Professional Trading Package 1
Harmonic Pattern Plus + Price Breakout Pattern Scanner + Risk Management Tool (free) + other technical indicator Template provided from us (free).
Professional Trading Package 2
Harmonic Pattern Plus + Price Breakout Pattern Scanner + Sideways Market Analyzer + Risk Management Tool (free) + other technical indicator Template provided from us (free).
Few Tips on choosing the Right Package for You
In our experience, the prediction power between Harmonic Pattern and Price Breakout Pattern is similar. Here is our advice for weighting our Price Action and Pattern Trading software:
Harmonic Pattern = Price Breakout Pattern > Price Action Candle Detector
Sideways Market Analyzer works more like EA. So it is difficult to compare it with other software. The main difference between these software is that harmonic Patterns and Price breakout patterns are formed over many candles bars (i.e. sometimes over 100 candle bars.) whereas Price Action candle Detector detects patterns with 2 or 3 candle bars. Therefore, Harmonic Pattern and Price Breakout Pattern naturally provide you stronger market view over Price Action Candle Detector. Having said this, Price Action Candle Detector is still very accurate. In terms of learning curve (how easy to learn the software), our rating is like this:
Price Action Candle Detector > Harmonic Pattern > Price Breakout Pattern > Sideways Market Analyzer
Just like “The little book of Sideways Market by V. N. Katsenelson” introduces readers the importance of understanding Sideways Market, Sideways Market Trading Strategy can accelerate your success if you are aiming to become the top 5% traders. In our experience, Mastering Sideways market should be followed after your complete training for bullish and bearish market trading strategy. Therefore, we added the Sideways Market Analyzer to the very end of our list.
Here are the links for all the software to form a complete Price Action and Pattern Trading System
Everyone should get something during Christmas. Yes,
We didn't forget this for our forex traders. Let our special discount begin now. Gift these powerful trading system for yourself with 30% discounted price.
Watch excellent Live performance of our Price Action and Pattern Trading Software from http://braxfx.com/signal-performance.html
All our Price Action and Pattern Trading Software is now on sales with 30 to 35% discounts during Christmas and New years holidays.
Get free Forex signals: https://twitter.com/braxfx
Here is the original pdf document for BNT Triple Entry Trading Strategy on the link below. I hope this can help your profitable trading even more profitable.
Of course, it is free and no expiry date. Enjoy.
BNT Triple Entry Strategy v1.2.pdf
You might try other terminals and you need to play around with some settings or currency pairs as usual. This is meant to be only for experimental EA and we stopped working on this project as it is too heavy for computation. So please don't take it too seriously.
Merry Christmas and Great New years to every traders and investors.
We didn't forget this festive spirit for our customers. We believe that everyone should get something during these period.
So our special discount began. Gift these powe...rful trading system for yourself with 30% discounted price during these Christmas Holiday.
Plus we are organizing very interesting events for next year and don't miss this opportunities to get our Price Action and Pattern Trading Software when it is cheap. So you can participate the event next year. The price will go back to its original price next January.
Stay tuned. Our Harmonic Pattern Plus and Price Breakout Pattern Scanner is on updating process. New version will be even more powerful than previous version.
Picture shows all our Price Action and Pattern Trading Software loaded on one charts. You can use all four indicators to make intelligent trading decision. You can also become Professional Forex Trading Instructor offering financial trading course to your customers and junior forex traders. Note that individual indicator can be used as very good standalone trading strategy for trader. To become Forex Trading Instructor, you can aim to master at least three indicators of our Price Action and Pattern Trading Software as you need to have a sophisticated trading knowledge for your students.
(Picture loaded with Harmonic Pattern Plus, Price Breakout Pattern Scanner, Harmonic Pattern Scenario Planner and Sideways Market Analyzer).
Demonstration video for Risk Management Tool (watch in HD mode). It uses Harmonic Pattern Plus but you can use any other Price Action and Pattern Trading Software from us to apply the same stop loss setting. Visit our website for more information. Risk Management Tool is totally free: http://harmonicpattern.ucoz.co.uk/
Still delays in updating process from MQL5.com. Can't blame though. It is new year just started and any company must have a lot of things to do. For your information, if you bought out any indicators or expert advisors from MQL5.com website, you can always update to newer version for free of charge through your MT4 terminal when they are available.
Nearly end of our Christmas and New years offer.
So for your information, 5 more days to go for discounts of our software. Please do not miss this opportunity. We are planning very interesting events this years soon.
Hello Traders and Investors.
First of all, Greeting to everyone. I wish the wonderful 2015 to every traders and Investors in Forex Market.
During the last quarter of 2014, our business has been grown rapidly. So we have little suggestion to some traders for some extra cash. We are currently looking for experienced blogger or twitter users or website users. What we are looking for here is that person really enjoy blogging or publishing for fun. It is even better if you have experience with some Forex Trading with MetaTrader 4 or 5. However we will also welcome you even if you have only small experience in trading as this is not formal position. This can be the long term relationship. Therefore we look for someone who can genuinely enjoy their online publication while they can aim to achieve some extra cash on their hands.
We will also offer you some support for this in several ways and please discuss this further in private on FinancialEngineerPro21@gmail.com
Plus we don't look for someone to sell their service on us like SEO or SEM stuffs. This is purely commission based.
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