Price Breakout Pattern Scalper EA For Free

Using Japanese candlestick patterns with Price Breakout Pattern Scanner
Price Breakout Pattern Scanner combines several trading systems in one product. Properly used, they can yield excellent trading results. One of the trading system built inside Price Breakout Pattern Scanner is Japanese candlestick patterns. Price Breakout Pattern Scanner can detect 52 different Japanese candlestick patterns. They are categorized under five categories including one, two, three, four and five candlestick patterns.
To use Japanese candlestick patterns, you have enable the candlestick pattern from Price Breakout Pattern Scanner. See the attached screenshot for the purpose. Then you can switch on and off the individual category of patterns according to your preferences. For example, you can only use two and three candlestick patterns if you wish.
In addition, you can also receive sound alert, email and push notification when new Japanese candlestick patterns are detected.
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https://algotrading-investment.com/p...ttern-scanner/

EURUSD Market Outlook – 3 May 2019

EURUSD made a strong bullish reversal at the demand zone and at the formation of bullish butterfly pattern.
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Mean Reversion Supply Demand
We have many sophisticated trading system to construct the sound portfolio of your investment and trading.
Mean Reversion Supply Demand is one of those powerful tool you can add in your collection. With the built in Market Profile indicator, the tool provide flexible and accurate control of your entry and risk management especially around the significant trading zone in your chart.
Highly automated feature can help you to readily set your profit target and even more sophisticated analysis in your chart.
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http://algotrading-investment.com/po...supply-demand/

Supply Demand Zone analysis for EURUSD and GBPUSD – 4 May 2019

Here are some important supply and demand zone for EURUSD and GBPUSD. These supply and demand zone would be worth looking for your trading next week.
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https://algotrading-investment.com/p...supply-demand/

Supply Demand Zone analysis for USDJPY and EURGBP – 4 May 2019
Here are some important supply and demand zone for USDJPY and EURGBP. These supply and demand zone would be worth looking for your trading next week.
https://www.mql5.com/en/market/product/16823
https://www.mql5.com/en/market/product/16851
https://algotrading-investment.com/p...supply-demand/

Multiple Timeframe Pattern Scanning for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner
Here is simple screenshot showing you how to enable Multiple Timeframe Pattern Scanning in your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Just enable Use Multiple Timeframe Pattern Detection = true in your input setting. That is all.
Also there is small “M” button in your chart in case, you want to refresh multiple timeframe pattern scanning manually.

Link to Harmonic Pattern Plus
http://algotrading-investment.com/po...-pattern-plus/
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Link to Harmonic Pattern Scenario Planner
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GBPUSD Market Outlook - 5 May 2019

Just first 50 minutes past in Forex market. Market was started with bit of bearish sentiment today. GBPUSD is moderate but with some bearish reaction too. With the formation of butterfly pattern, the first potential continuation zone could become important in predicting next move for GBPUSD.
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Q1: What is the trading ?
A1: Trading is profit seeking. Profit seeking is materializing the regularities in the financial market. If you made money from the market, you must found and detected some sort of regularities in the market. Some people call these regularities as correlation, patterns, trend, holes, or many other names. But they are all regularities regardless of how you call them. Even you are doing some sort of arbitrage trading, you are still making use of regularities that are known to few people.

Q2: What are the regularities trader should know for their live trading ?
A2: There are regularities from simple to complex. To make your life simple, I have gathered five most occurring and most important regularities for trader. They are trend, seasonality (additive + multiplicative), cycles, Fractal wave and correlation. Typically any of trading strategies are designed to capture one of these five regularities. Typically you need to mix and match several strategy to yield notable profit taking instead of just using one strategy.
Q3: How to capture these regularities for profit ?
A3: It is important to understand your tools. Instead of blindly applying MACD and RSI for your entire trading, you need to study each tool and strategy carefully on which market they are designed to work best. Especially it is important to understand each tool and strategy are typically designed to capture one of the above regularities. Hence, most of good traders are using multiple tools.
Q4: What else trader should know about ?
A4: Risk management and position sizing is the golden rule for successful trading. Key point is to understand these three variables for your trading.

1. Breakeven win rate
2. Success rate
3. Reward/Risk ratio

Physically and psychologically, with these concepts in your head, you will get a lot of buffer for losing trades but spring board for winning trades.
Q5: Any further tips on improving profit ?
A5: trade with deep decision making instead of superficial decision making. It is the quality matter and not quantity. It is useless that you trade fast reckless. Many number of trade will not guarantee your success. Even for one trade, pull the quality piece of information technically (from chart) and fundamentally (from surrounding market environment).
Q6: How to use Price Pattern Table ?
A6: Price pattern table shows how five regularities are existing in the market. From left to right, we are having more complex form of regularities (or market) depending on what internal and external factors are correlated with.
Column 1
This is extremely simple market where not so much regulation and not so much information around. Trading this type of pattern is not so complicated even for average people. You would become just successful trader using some simple technical indicators like moving average indicator, MACD, etc.
Column 2 + 3
When market started to correlate with time, we will start to see some sort of cycles in the market. When there is single cycle you would notice but several of the combined cycles can confuse many average people if they are not trained. Buy and sell decision making can be more complicated to the market state in Column 1.
Column 4
Many cycles are mixed and it is difficult spot the presence of one dominating cycle because there are too many cycles mixed. We need more and more skillful decision making to become successful trader in this type of market.
Column 5
Number of influencing variables in the market increased too many (like too many government regulation, too many diversified players, too many external factors), cycles are no longer dominating market patterns. In this market, we can trace the footage of fractal wave instead of cycles. This is the scientific idea behind the Price Action and Pattern Trading.

Link to our website for Price Action and Pattern Trading Tools:
https://www.mql5.com/en/users/financ...eller#products
https://algotrading-investment.com/

GBPUSD Market Outlook - 6 May 2019

In regards to our previous post, GBPUSD broke the previous PCZ level and made further 60 pips down. Having said that, market is bullish in general.
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https://www.mql5.com/en/market/product/4488
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EURUSD Market Outlook – 6 May 2019

As we have mentioned in our prevous post, Market was ended in generally bullish sentiment. For EURUSD, it was moderate only though. Butterfly pattern is still in position for EURUSD. PCZ level would act as support.

http://algotrading-investment.com/po...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475

Smart Renko Basics

Here we will explain how to use Smart Renko in brief. Since renko chart is already popular tools among trader, we will leave out too much details here. You can always google the keyword Renko chart to know more about how to trade with renko chart.
Smart Renko is a hybrid between renko chart and candlestick chart. Smart Renko keeps the spread view of the renko bricks on the candle stick chart and then it also keeps the normal renko chart on the bottom.
The advantage of Smart Renko is that you can use the analysis of renko chart together with the analysis of candlestick chart at the same time.
Just like normal renko chart, Smart Renko chart need to decide the good number for brick height. From my experience, you can the brick height near the 1 standard deviation. However, you must use the brick height in the round number because standard deviation might come in decimal numbers. So be sure to round up those decimal numbers into good integer numbers.
Another consideration is that your brick height should be in the factor of 100 or 1000 pips for your trading. That is like 5, 10, 20, 25, 50, 100, etc. From my experience, these factored number can serve better for your brick height. If you do not choose sensible brick height, then you might not able to see anything on your charts. So be sure to choose the sensible brick height.
Finally do not forget that in Smart Renko, your analysis in Renko chart can be transferred to Main chart by double clicking over the Trend lines.
If you want to dig deeper, please google on renko chart. You will see a lot of good and bad articles about renko charts and how to trade with them.

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https://algotrading-investment.com/p...m/smart-renko/

GBPUSD Market Outlook – 7 May 2019
Butterfly pattern is still in position for GBPUSD. We have outlined Potential Continuation Zone for your trading.
http://algotrading-investment.com/po...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475

Discounts will last few more days - 7 May 2019

We are still offering some special discounts on our 10 great MetaTrader Products from Easter. We will be closing this special discounts next few days. You still have few more days to get this massive discounts on our products. Do not miss the opportunity.
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GBPUSD Market Outlook- 8 May 2019

We have mixed sentiment for forex market. GBPUSD is taking the lead in bearish move. For your information, GBPUSD have broken its last Potential Continuation Zone. Now it become resistance.
http://algotrading-investment.com/po...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475

Mean Reversion Supply Demand
We have many sophisticated trading system to construct the sound portfolio of your investment and trading.
Mean Reversion Supply Demand is one of those powerful tool you can add in your collection. With the built in Market Profile indicator, the tool provide flexible and accurate control of your entry and risk management especially around the significant trading zone in your chart.
Highly automated feature can help you to readily set your profit target and even more sophisticated analysis in your chart.
https://www.mql5.com/en/market/product/16851
https://www.mql5.com/en/market/product/16823
http://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

GBPUSD Market Outlook - 9 May 2019

Overall we have more of bearish sentiment. GBPUSD is one of them too. As we have mentioned, in our previous post, Potential Continuation Zone act as an important resistance for your trading.
http://algotrading-investment.com/po...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475

Elliott Wave Trend-Basic Tutorial 1
Elliott Wave Trend provide you a lot of features for your trading. Of course many automatic analysis too. Elliott Wave Trend consists of the following features:

1. Turning point strength
2. Turning Point strength Indicator for multiple time frame scanning
3. Automatic Wave Analysis with Template and Pattern Approach
4. Manual Wave Analysis with Template and Pattern Approach
5. Wave Analysis saving and sharing System

This tutorial is not necessarily covering everything. But this tutorial will try to give some intuition over the automatic Wave Analysis. Automatic Wave Analysis is based on the template and pattern approach described in the book: Financial Trading with Five Regularities of Nature (Scientific Guide to Price Action and Pattern Trading).
Steps to perform the automatic wave analysis.
For Automatic Wave Analysis, you can only perform with Impulse and Corrective Waves.

1. Click either Impulse or Correct button
2. Click any wave template in the sub window (i.e. small blue and red circles).
3. Click Draw Line button.
4. Use either position rule or Wave Score to accept and to reject your analysis.
5. Your trading will be based on the levels and turning point projected from your analysis.

When you want to set any trading alert after you analysis, use our free Auto Chart Alert.

https://algotrading-investment.com/portfolio-item/auto-chart-alert/
Here are the links for Elliott Wave Trend.
https://algotrading-investment.com/portfolio-item/elliott-wave-trend/
https://www.mql5.com/en/market/product/16479
https://www.mql5.com/en/market/product/16472
If you need more complete tutorial on this, visit this link:
https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

EURUSD Market Outlook - 9 May 2019

So I have gathered the screenshot of how the forex market ended. In fact, many currency pairs were ended in bearish. But EURO related pairs were ending in bullish. EURUSD was also ended up in moderate bullish. Having said that the Potential Continuation Zone of AB=CD pattern is still giving us some important clue about the movement. So I included in the screenshot.
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GBPUSD Market Outlook- 10 May 2019

So we are on London and Moscow session. Market is slightly more on bull but still not entirely optimistic yet. We can tell buying JPY and USD is not a great idea at the moment. GBPUSD is pretty moderate. GBPUSD attempted to test the resistance (=PCZ) several more times but still not broken yet.
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