Trend Breakout Patterns Scanner DEMO
This price action indicator scans the market for trend breakout patterns (formed during a pause in the current market trends) and generates trade signals with precise analytical entry, stop loss and take profit levels.
This indicator is a complete "set and forget" trade signal generator for price action technical analysts and traders!
Price action can form the basis of trading strategies for day traders, swing traders and longer-term position alike because it looks at the interaction of supply and demand over time. One of the main reasons why traders are not successful following technical analysis is the lack of knowledge about the importance of precision. Although, price action chart patterns have been around for decades, they can't just be blindly applied but should rather be based on algorithm.
- Scalping traders: attach to 1/5 mins timeframe.
- Day traders: attach to 15 mins/1 hr timeframe.
- Swing traders: attach to 4 hrs/daily timeframe.
- Longer-term position traders: attach to weekly/monthly timeframe.
This demo version is designed to work only with GBPCAD M1 and M5 timeframes. Purchase the full version (Trend Breakout Patterns Scanner) to use this product without limitations.
- This indicator generates high take profit to Stop Loss pips (minimum of 1:1) trade signal (entry, stop loss order and profit targets) with alerts and push notifications when any of these levels are reached.
- Because this is a price action indicator, the strategy works exactly the same on any timeframe and instrument that it is attached to on the MetaTrader 4 platform.
- Does not repaint. Trade signal is not replaced/deleted after entry breakout so that real-time monitoring/trading can be effective.
- This indicator is suitable for professional and novice traders because it eliminates the time and energy of price action trade signal analysis.
- It provides clean and simple chart pattern display that can easily be monitored/traded profitably.
- Enable Sound Alert
- Enable Push Notification
- Add Notification Tag (maximum of 15 characters) - add customized tag to notifications
- Show Stop Loss Line
- Show Take Profit Line
Enable "Chart shift" and "Chart autoscroll" on the common tab under chart properties for clarity of the horizontal lines.
This is one of the price action tools of MyChartist.