Price Breakout Pattern Scalper EA For Free

Some useful information about Price Action Candle Detector. (19 Feb 2016)

It is small but powerful tool for your trading.


Note that Price Action Candle Detector can be used as independent trading straetgy or you can use it to double confirm trend reversal point only. In any case, it is recommeded to use secondary confirmation tool together. This indicator often works fine even in M1 or M5 time frame.

When you use Price Action Candle Detector as independent trading strategy with custom take profit and stop loss, breakeven might help you to improve your profitability. Plus after breakeven you might let it run all the way through its trend by trailing stop sensibly.
◾Use Custom Stop Loss and Take Profit: true or false only
◾Custom Open Price Candle Index: 0 or 1 only
◾Risk Reward Ratio (Reward/Risk): user more than 1.0
◾Stop Loss Offset in pips: Stop Loss Offset in pips specify the Stop loss offset distance from typical stop loss. If Stop Loss Offset in pips = 0, then Stop Loss offset will be not used. So with Stop Loss Offset in pips = 0, you can proceed with typical Stop Loss level for each pattern.
◾Custom Take Profit and Stop Loss Line Length: control line length for take profit and stop loss in your chart
◾Custom Take Profit and Stop Loss Line Width: control the thickness of take profit and stop loss line in your chart
◾Custom Take Profit and Stop Loss Text Size: control the size of text for take profit and stop loss line in your chart
◾Custom Take Profit Color: color of take profit line
◾Custom Stop Loss Color: color of stop loss line
◾Custom Open Price Color: color of open price line



If you are starters (or even experienced one), it is very useful to have some idea about your trading objective. Use this guided trading instruction.

◾Show Guided Trading Instruction: If you need some guide for your trading, use this guide line.
◾Guided Trading Instruciton X Coordination: default is generally ok
◾Guided Trading Instruction Y Coordination: default is generally ok
◾Your Target Success Rate: 55%(0.55) = default
◾Your Risk per Trade: 2% (0.02) = default
◾Your Target Trade Number: 100 = default


https://www.mql5.com/en/market/product/5721
https://www.mql5.com/en/market/product/5728

Update News for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. 19 Feb 2016

We are currently improving our alert system for Multiple Time Frame Detection Features.
Soon update will be avaible next 3 to 4 working days.

Kind regards.

Dear Traders

We have found quite big trend reversal opportunity from EURJPY. Where all the time frame alined together and giving the signal for potenial trend reversal and to buy with our harmonic pattern plus.


Carefully watch two things this weekend and next week.

1. Daily time frame still have not confirmed yet but waiting until daily timeframe might give you too late enterance.

2. Watch out the breakout of bollinger band middle line and upper line for H1 time frame and H4 time frame. (you are not the only one but there can be a lot of people watching this level already.)

3. Your pattern completion interval give you about 70 pips as your one side risk (currently pattern completion interval reading 140.1 pips from my chart.). Risking 70 pips, you have virually opporunty to gain around 170 pips (0.236 DC level ) to 250 pips (0.386 DC level).


People with Harmonic Pattern Scenario planner may futher perform their scenario check to see if there are any other hidden pattern can be formed in the future. I will omit this check here cause I don't want confuse starters.

Kind regards.

I have been asked about the concept of pattern completion interval from several traders.

Firstly Here is some manuals explaining them. Look for Quick Guide line for Harmonic Pattern Plus.

http://algotrading-investment.com/manuals/

If the manual is still not clear then think this way. Pattern Completion interval measure the risk of pattern forming (or establishment), because pattern will not be formed if the price slipped outside this pattern completion zone. When you move your mouse around pattern completion interval box, you will get reading of pattern completion interval. The size of pattern completion interval is equal to box measured from top to bottom of box in pips. When you want to use it for your trading make sure that you are halving them before use.

For example, if size of box was 100 pips, your risk of pattern forming is 50 box. More precisely the risk should be measured from current price to the bottom of box for buy opportunity.

Hope this was helpful.

Kind regards.

Auto9817 is there any way we can look at the mq4 file?

Update news 22 Feb 2016:


Version 6.1 for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner is available to download.
In version 6.6, you can switch on or off MTD (multiple time frame detection feature) for each time frame. For example, if you don't use M1 or M5 time frame for your MTD, then just set Use M1 timeframe = false and use M5 timeframe = false in your MTD setting. In this case, you can also reset your updating frequency to M15, so you can save your computation.

Kind regards.


https://www.mql5.com/en/market/product/4475
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/6240
https://www.mql5.com/en/market/product/6101


Also visit here for manuals.


http://algotrading-investment.com/manuals/

Hi.

It may be not possible now.

But I am writing a lot of free articles in the future to educate people for trading and investment.

So you can be keep visiting this website to read some free articles to enjoy. http://algotrading-investment.com/manuals/

We will cover a lot of fresh topics in professional level and practitioners level.

Potential topics will be time series forecasting, statistical methods, data mining, modern portfolio theory, decision science, econometrics, etc.

Will this topics will be written in term of your trading and investment.

Currently writing one, but it seems tougher than I thought. But we will get there as we want to have traders better tools and knowledge in trading and investment.

Hope this is helpful.

Kind regards.

We have been continuously asked about this Harmonic Pattern Plus signal on my FX book from many of our customers.


http://www.myfxbook.com/strategies/h...s-trader/92064


But this signal is by totally independent people which we are not aware of. So this is not part of our customer service.


Just to clarify.


Kind regards.

It is always recommended for you to understand guided trading instruction fully before you start trading.

I works with many professional traders day to day. This is the language I use everyday when we discuss about strategy.

Please get familiar with it.

http://algotrading-investment.com/2015/11/14/guided-trading-instruction-explained-for-harmonic-pattern-plus_ati-2/

Again for statistically minded one, need to understand the different between best statistical decision VS best decision. We will soon write the article related to difference. But we have a lot of work load and we will do it when we can afford the time to do so.

Fundamental Trade Manager Update News on 25 Feb 2016:

Fundamental Trade Manager will now able to write and filter important fundamental news for your Expert Advisor.
As you know, fundamental Trade can be used as direct order execution tool at news release.
In the new version of Fundamental Trade Manager (5.1), we try to make our fundamental Trade manger more friendly for your automated trading robots. Fundamental Trade Manager will create a text file for important economic news release. You can filter news by currency or their importance or their time.

You can use our fundamental Trade Manger for your trading robots from our new version. We often here this from our traders:

"My strategy using technical indicators works very well but it is important to avoid some news time."
"My trading robots will improve its performance if I can combine the fundamental with technical indicators."
"My trading robots need to catch high volatility during high impact news."

etc.

All is well and welcome. Our Fundamental Trade Manager can help for any of this purpose and many more.

The ways it works is that fundamental trade manger will create text file for your trading robots to read and react to fundamental news.

How to use it is entirely up to you but we can say that it will improve the performance of your trading robots.

Stay tuned. We are really excited for this big step forward.



https://www.mql5.com/en/market/product/4039
https://www.mql5.com/en/market/product/11176

Kind regards.

Stay tuned. We are about to release high precision support and resistance indicators before end of this week.

Kind regards.

Our Precision Support and Resistance are in processing stage. Soon they will be available on the market.

It is very accurate support and resistance tool can improve your trading. Even starter can be used for great performance.



Kind regards.

We have finally got Precision Support Resistance tool in market.

As you have already know that this tool can improve your trading with all our software.

To give you simple idea, you can use this Precision Support Resistance tool to aid on PRZ trading.

Here is some picture how it looks. PRZ works very well but this will work even better.

Confirm your entry using Precision Support Resistance.

Probably not to mention for both Price Breakout Pattern Scanner and Sideways Market Analyser.

The similar idea can be applied to Price Breakout Pattern Scanner and Sideways Market Analyser for huge improvement in your trading.

Plus this is only one of the way of extending your trading only.

Kind regards.

https://www.mql5.com/en/market/product/15025
https://www.mql5.com/en/market/product/15010

Precision Support and Resistance been working really well all this week.

Tell you which price level to watch out.

We are currently updating to version 6.6.

So please download it next couple of days.

Happy trading all.

Kind regards.

https://www.mql5.com/en/market/product/15025
https://www.mql5.com/en/market/product/15010

Price Action and Pattern Trading Package since 2014.

Sorry for delays in updating for Precision Support and Resistance tool.
We updated it on last week. But it is still not processed. New version should be version 6.6.
Stay tuned. It will be available quite soon.
Kind regards.

Precision Support and Resistance Update News 10 March 2016:

Plesae apology for taking more than 1 week to upload version 6.6. In fact such a delay never happened from mql5.com.

The final processing has to be done from mql5.com for update, We have very small part we can play to complete this updating process.

In a mean time, we have improved our Precision Support and Resistance to version 6.7. In fact, when this update is done, you will be able to download version 6.7.

Sorry for this inconvenience. We will keep writing to mql5.com to speed up the process.

Kind regards.

Currently writing some educational materials on how to use support and resistance for starters and junior traders.

I hope this would help many starter and junior traders for their successful trading.

Of course, we will share our educational materials on this website: http://algotrading-investment.com/manuals/

So please check this new educational materials here in next few days.

Always thanks so much for your support and interest on our products and works and research.

Kind regards.

Now you can read the article "Your First Training Course in Trading and Investment" from our website.

This article explain one of the most important concept for your trading and investment. Please do not miss it for your own good.

The article can be found here: http://algotrading-investment.com/manuals/

Latest News on 13 March 2016:

1. We have wrote service desk about updating our Precision Support Resistance version 6.7. Please stay tuned. We will pursue it and make it happen next week.

2. We are also planning some of very crucial important update for our Harmonic Pattern Plus. Of course, this update will make our Harmonic Pattern Plus even stronger and efficient. In my opinion this update is really powerful and useful for our customers. It is always our pleasure to deliver powerful products to our customers.

3. Now you can read the article "Your First Training Course in Trading and Investment" from our website. This article explain one of the most important concept for your trading and investment. Please do not miss it for your own good. Reading article is of course free of charge. The article can be found here: http://algotrading-investment.com/manuals/

Thanks again for your support and interest on our service and products.

Kind regards.