Price Breakout Pattern Scalper EA For Free

How to access to your Meta Trader (Terminal) folder
Quite often, traders need to access to open Meta Trader (Terminal) Folder for various reason. Sometimes, you may need to access to your Meta Trader (Terminal) Folder to copy some indicators or expert advisors you have obtained on website. Sometimes, you many need to access to your Meta Trader (Terminal) Folder to delete or remove some files inside your Files folder.
Ok, whichever reason you have, here is the simplest way to access to your Meta Trader (Terminal) Folder.
Firstly, in your Meta Trader Menu, go to File >> Open Data Folder.
Secondly, double click on MQL4 folder.
The screenshot below shows how to do this.
Plus the same steps can be applied for Meta Trader 5 as well.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Smart Renko Update News
We are currently working on newer version of Smart Renko.
In Version 6.2 of Smart Renko, you can set alert when the brick colour changed.
Of course, the alert can be sent to email and push notification both with typical setting.
See the screenshot below for the details.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Smart Renko Update News
We have updated our smart Renko to version 6.2.
In version 6.2, Smart Renko can send you alert when the brick colour changes (i.e. from up brick to down brick or from down brick to up brick).
There will be further update processing time from mql5.com from 5 to 10 working days.
Please stay tuned. We will let you know when the version 6.2 is available for you to download.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products
Kind regards.

Price Breakout Pattern Scanner Update News
The new feature in Smart Renko will be updated to our Price Breakout Pattern Scanner too.
So the smart Renko build inside Price Breakout Pattern Scanner will have alert feature too.
Therefore, we are currently working on to update Version 6.7 for our Price Breakout Pattern Scanner.
Stay tuned for further news.

To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

New Update on Price Breakout Pattern Scanner Version 6.7

As we have mentioned before, we have added alert feature to our smart Renko. Therefore, the Smart Renko built inside Price Breakout Pattern Scanner have been updated with the same alert features.

The latest version of Price Breakout Pattern Scanner version 6.7 is available on our website:

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

Please download the latest version for your own good.

If you have purchased from mql5.com, of course, there will be some processing time from mql5.com. We will let you know when mql5.com process its update to version 6.7.

Plus for your information, the new update is free of charge for all our MT4/MT5 products. Here is how to get update with our website.


http://algotrading-investment.com/ho...your-products/

To visit our website, follow the links below:

http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Replay Historical Patterns in your chart for Harmonic Pattern Plus and Price Breakout Pattern Scanner

When you are able to reply historical patterns from your chart, this can help you to improve your trading knowledge fast. Our Harmonic Pattern Plus and Price Breakout Pattern Scanner can both offer you such ability.


To replay Historical Patterns in your chart with our Harmonic Pattern Plus and Price Breakout Pattern scanner, you will first need to download some historical data first to your terminal.
(The same thing can apply to Harmonic Pattern Scenario Planner.)

Here is a simple steps on how to do it (see the screenshots).

1.click on history centre

2.click on download buttons on the symbol you need to download history.

Note it may takes some time to download historical data especially for M1 and M5. Therefore have a patience when you do this.

3. Change amount of bars to scan in your input setting before attaching Harmonic Pattern Plus or Price Breakout Pattern Scanner to your chart.

Be warned that scanning patterns through entire historical data is challenging task and it might be highly depending on your resources. Therefore, use reasonable amount of bars to scan to avoid some problems during process.

4. When you are successful, you can view more historical pattern in your chart to develop and test your trading strategies.





To visit our website, follow the links below:

http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Business Opportunity with Algotrading-Investment.com
Algotrading-Investment.com offer few business opportunity for traders for extra income.
Firstly, we offer affiliate Membership for you to make extra cash beside your trading. Here is the details about our affiliate membership.
http://algotrading-investment.com/affiliate-membership/
Secondly, you can join us as a signal provider. Here is the details about signal provider opportunity with ATI.
http://algotrading-investment.com/profitable-trader/

To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Not all items on mql5 are actually free, I was once looking for a scalping EA only to be charged a good $10. I wish I had known FreshForex e-Shop before then, all these indicators and EAs are absolutely free. Just lack of information made me loose $10!!

Latest Screenshots from our work
Here is the latest screenshots from our latest work.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

New Product Order Risk Panel Pro is coming
We are currently working to release our new products, Order Risk Panel Pro.
This powerful product is the professional version of the simple Order Risk Management EA. This tool can improve your price action and pattern trading a lot.
Please stay tuned for further news.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

New Product Order Risk Panel Pro is released
Our new Product Order Risk panel Pro have been released on our website: http://algotrading-investment.com
Surely the same product will be available in mql5.com end of this week or next week sometime.
Here is the brief description about this new product.
Order Risk Panel Pro is the professional version of the simple Order Risk Management EA. It is the powerful tool incorporating many professional features. With Order Risk Panel Pro, your daily order and risk management process can be highly automatic. At the same time, you can access to professional trade statistics to measure your trading performance. This feature is powerful to correct your bad trading habits and to improve your live trading performance. We provide the professional trade statistics in both summary and detailed reports. Order Risk Panel Pro also provide the risk adjusted return metrics used by many fund managers and CTAs including Calmar, Sharpe, Value at Risk, etc. You can compare the trading performance over different instrument to build strong portfolio.
Here is the product link:
http://algotrading-investment.com/po...isk-panel-pro/

Please stay tuned for further news.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

New Product Order Risk Panel Pro is released
New Product Order Risk Panel Pro is released
Our new Product Order Risk panel Pro have been released on our website: http://algotrading-investment.com
Surely the same product will be available in mql5.com end of this week or next week sometime.
Here is the brief description about this new product.
Order Risk Panel Pro is the professional version of the simple Order Risk Management EA. It is the powerful tool incorporating many professional features. With Order Risk Panel Pro, your daily order and risk management process can be highly automatic. At the same time, you can access to professional trade statistics to measure your trading performance. This feature is powerful to correct your bad trading habits and to improve your live trading performance. We provide the professional trade statistics in both summary and detailed reports. Order Risk Panel Pro also provide the risk adjusted return metrics used by many fund managers and CTAs including Calmar, Sharpe, Value at Risk, etc. You can compare the trading performance over different instrument to build strong portfolio.
Here is the product link:
http://algotrading-investment.com/po...isk-panel-pro/

Please stay tuned for further news.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Horizontal Support Resistance and Diagonal Support Resistance
There is a great trading opportunity when you can find horizontal Support Resistance level meeting diagonal support resistance levels.
This is the typical trading strategy when you combine our Harmonic Pattern Plus with Price Breakout Pattern Scanner.
Price breakout pattern scanner are good tool to indicate diagonal support resistance lines and harmonic pattern plus are good tool to indicate horizontal support resistance line. When you combine the concept, it will look like something like this in the screenshots. But you can find many other examples too.
Note that in the trading world, there are numerous trading strategies are available to traders and this is just one example of strategy combining harmonic pattern plus and price breakout pattern scanner.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Harmonic Pattern Scenario Planner GUI
Here is simple description of Graphical User Interface for Harmonic Pattern Scenario Planner.
Note that harmonic pattern scenario planner can search for all the possible future patterns even they have not formed yet.
This advanced feature can often benefit experienced traders for their harmonic pattern trading. However, we recommend the harmonic pattern plus for starters and junitor traders since they are much easier to use. Harmonic Pattern Sceanrio planner is recommend to expereinced traders only.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Update New on Smart Renko
Smart Renko is now updated to version 6.2 on mql5.com.
In version 6.2, Smart Renko can provide sound alert, email and push notification when the brick color changes. For example, when brick change from up brick to down brock or down brick to up brick, Smart Renko can alert you.
Make sure that you are downloading the latest version from mql5.com
All our update is free of charge and here is how to update your products on mql5.com .
http://algotrading-investment.com/in...ased-mql5-com/
Plus we are still waiting for the new update for our price breakout pattern scanner version 6.7 on mql5.com.

To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products
Kind regards.

Sideways Market Analyser Trading Setup
In terms of theory, Sideways Market Analyser can offer you the very good timing for trading. Your actual entry can be sharpen up if you can add the following process in your trading decision.

Instead of relying on the original logic and mechanical trading rules, please consider to identify support and resistance near the sideways Box.

You have to do this manually but it is not so difficult to do so. Here is the rule for identifying support resistance near the sideways Box.

1. Even if Sideways Market Analyser found the box, wait for some time for the market to show some obvious patterns.

2. extended line of Support or resistance should meet or should pass near the Sideways Box.

3. Draw the line around the Sideways Box and wait for the future breakout. You will see quite often this trading will goes right for you.


Here is the reason why you need to find the support and resistance near the sideways box. It is because you can use the original take profit and stop loss target from your original backtesting suggest. With this setup, quite often I found that the half of the original stop loss is enough.

When you are using this trading setup, you do not have to be too obsessed with backtesting results because your entry is not identical to the original mechanical trading setup. However, try to do as best as you can using Net Pips gain criteria.



Below is one example of the screenshots for the step 1, 2 and 3.

To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

One Common Trader's Fallacy
Each day, we talk to many junior traders and experienced traders. Among them, we often observe the traders rushing for their decision making and order execution. Sure understandable, in trading you need to make an precise decision in short period of time, like Non Farm Payroll or some important data release.
We can't blame for your hasting in trading. However, if you can do simple math, then you might realize that quality is more important than quantity for your trading.
For example, junior traders often misses the important point about Reward/Risk ratio. They spend a lot of time making money and losing their money in the market and they keep repeating this. This often happens when traders have lost their focus in trading for various reason. For example, they do not care about their rewards/Risk ratio any more. Put this way, if you have a trade with the reward/risk ratio of 5 to 1, then your can earn nearly 10% in one trade per your 2% risk.
10% in one trade is really not bad especially if you are thinking about compounding profits. So making one accurate trading is much more important than having 10 inaccurate trades. Stay calm and at least give some time to think if the market geometry is right to enter before trading.
Unlike robot traders, human traders can capture all the available information until the last minute of the decision making and they can combine many different source of information too. Use these at your own advantage.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Resizing your Stop Loss and Take Profit Level
Having understood all the concept behind the Pattern Completion Interval, you might observe that sometime price can react outside the pattern completion interval. Sure, there is nothing perfect in the world. As long as you understand the pros and cons of using large stop loss size, it is still fine to control your own stop loss size.
However, we still prefer to express stop loss size in terms of pattern completion interval range for convenience. For example, if the original stop loss size was equal to 1 x pattern completion interval, you can certainly use 1.5 x pattern completion interval or 2 x pattern completion interval.
Another consideration before you are using pattern completion interval, if you can enter the market at the competitive price, then you can feel less guilty when you increase your stop loss size because you are still remaining good rewards/Risk ratio. On the other hands, if you have entered market at not so competitive price, then you might be cautious when you increase your stop loss size.
Hope this less is helpful for junior traders.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

EURUSD Market Outlook
EURUSD is showing interesting move developing some sideways movement.
EURUSD is currently showing two important supply zone above the current level.
The level for the supply zones are respectively 1.0700 and 1.0680.
We believe that 1.0700 is important supply zones to watch out this week.
In addition the bottom of the breakout patterns should be closed watched out in regards to 1.0700 level during this week.
To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products

Update News on Price Breakout Pattern Scanner
We are still waiting for mql5.com to process version 6.7 of our Price Breakout Pattern Scanner. We have been waiting for this update to go through unusually long time for this time.
We will keep chase this up for your convenience with mql5.com. Please stay tuned.
For your information version 6.7 is already available on our own website and here is how to get the latest update for free of charge.
http://algotrading-investment.com/ho...your-products/
Plus attached screenshot is the current market snap shot of EURUSD and the envelop was detected by Price Breakout Pattern Scanner.

To visit our website, follow the links below:
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products