Pattern Scanner is a tool I have been developing and enjoying the personal use for quite some time.
With the upgrades to the functions available in MQL its features have now been taken to a whole new level, and due to the interest in the scalping thread (http://www.forexfactory.com/showthread.php?p=8141622), I have decided to release the Scanner for everyone to use who would like to scan for this specific signal. Noting that I have renamed the signal from scalp signal to ZoneTrader, due to price needing to pull back into the zone between the 40 and 5 emas, and that trading on higher time frames means it is no longer a scalp trade.
So how does Pattern Scanner work? The basic premise of Pattern Scanner is to Scan Multiple Pairs (Up to 40), and 5 times frames looking for a specific trade signal. Once a signal is found an alert is issued, advising the trader of the signal and which pair and time frame it occurred on.
The biggest change in version 2, is that as well as getting a new signal alert, a button is also placed next to the time frame for the pair that the signal occurred on. With the button showing a positive number and green colouring for long, and a negative number and red colouring for short.
Clicking on a signal button will do one of 2 things:
1) If a chart for the symbol that the signal was issued against is already open, then you will be taken to that chart, and the time frame will switch to that which aligns with the signal time frame.
2) If a chart for the symbol that the signal was issued against is NOT already open, then a new chat will be opened, the time frame will be switched to that which aligns with the signal time frame, and a template will be applied. The template that is applied is an input option called ?sTemplate1? change this to another template name in your templates folder, should you wish to use a different on. The zip file contains the ?ZoneTrader? template which is the default one that Pattern Scanner uses. This template uses the two indicators for the Zone Trader system. These being Moving Average indicator, and the MACD indicator.
After a button is clicked on the colour will change to a darker colour, this allows you to know that you have already viewed that chart.
The display panel shows the following information
1) The 5 Day average range for each pair.
2) The Trend state for each of the displayed time frames, and the number of bars that the time frame has been trending for. The trend definition uses the moving averages from the ZoneTrader system. If MA 5>MA40 then then the trend is Up. If the previous applies and Close>MA5 then the trend is Up Strongly. Vice versa for Down Trend. Anything else is considered neutral.
3) Each of the Symbol names are also buttons, clicking on one of these will open a new chart, or switch to that symbol's chart if that chart is already open
Pattern Scanner is highly configurable with most options being easily understood. If you have any questions about the settings or the use of pattern Scanner please post them in this thread.
This version of Pattern Scanner is being released for free, and maybe used or shared however each member sees fit. In terms of signals that Pattern Scanner can scan for it, it be programmed to scan for up to 9 different types of signals, eg such as Candle Patterns, or other indicator combinations.
If you would like to have Pattern Scanner programmed to scan for your specific trade signal/s then please email me. Noting the following, there will be a cost, and due to my time investment in developing this the source code will not be provided :-)
Good trading.
http://c2n.me/3ekNjQS.png
With the upgrades to the functions available in MQL its features have now been taken to a whole new level, and due to the interest in the scalping thread (http://www.forexfactory.com/showthread.php?p=8141622), I have decided to release the Scanner for everyone to use who would like to scan for this specific signal. Noting that I have renamed the signal from scalp signal to ZoneTrader, due to price needing to pull back into the zone between the 40 and 5 emas, and that trading on higher time frames means it is no longer a scalp trade.
So how does Pattern Scanner work? The basic premise of Pattern Scanner is to Scan Multiple Pairs (Up to 40), and 5 times frames looking for a specific trade signal. Once a signal is found an alert is issued, advising the trader of the signal and which pair and time frame it occurred on.
The biggest change in version 2, is that as well as getting a new signal alert, a button is also placed next to the time frame for the pair that the signal occurred on. With the button showing a positive number and green colouring for long, and a negative number and red colouring for short.
Clicking on a signal button will do one of 2 things:
1) If a chart for the symbol that the signal was issued against is already open, then you will be taken to that chart, and the time frame will switch to that which aligns with the signal time frame.
2) If a chart for the symbol that the signal was issued against is NOT already open, then a new chat will be opened, the time frame will be switched to that which aligns with the signal time frame, and a template will be applied. The template that is applied is an input option called ?sTemplate1? change this to another template name in your templates folder, should you wish to use a different on. The zip file contains the ?ZoneTrader? template which is the default one that Pattern Scanner uses. This template uses the two indicators for the Zone Trader system. These being Moving Average indicator, and the MACD indicator.
After a button is clicked on the colour will change to a darker colour, this allows you to know that you have already viewed that chart.
The display panel shows the following information
1) The 5 Day average range for each pair.
2) The Trend state for each of the displayed time frames, and the number of bars that the time frame has been trending for. The trend definition uses the moving averages from the ZoneTrader system. If MA 5>MA40 then then the trend is Up. If the previous applies and Close>MA5 then the trend is Up Strongly. Vice versa for Down Trend. Anything else is considered neutral.
3) Each of the Symbol names are also buttons, clicking on one of these will open a new chart, or switch to that symbol's chart if that chart is already open
Pattern Scanner is highly configurable with most options being easily understood. If you have any questions about the settings or the use of pattern Scanner please post them in this thread.
This version of Pattern Scanner is being released for free, and maybe used or shared however each member sees fit. In terms of signals that Pattern Scanner can scan for it, it be programmed to scan for up to 9 different types of signals, eg such as Candle Patterns, or other indicator combinations.
If you would like to have Pattern Scanner programmed to scan for your specific trade signal/s then please email me. Noting the following, there will be a cost, and due to my time investment in developing this the source code will not be provided :-)
Good trading.
http://c2n.me/3ekNjQS.png
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