Started using it on pretty fast 4 core server.
Installed together with Harmonic Pattern Plus. Trading with some EA's.

Lot of 90% free memory and 45% CPY in windows monitor and task manager! 

Terminal not responding when switching between timeframes, charts, or opening indicator settings!!!

Switching takes up to 20-30 seconds!

Help me to resolve this please!

Soon we will add a new function to lock the latest patterns from your chart.

This means that now you can lock the latest pattern (or any other chosen pattern) in your chart before you trade using that pattern.


Now you don't have to worry about if the chosen pattern will disappear after your trading due to new pattern arrivals.

Of course, you will have a function to unlock and delete the locked pattern from your chart too. You can use this unlocking feature if you believe that the pattern is no longer needed for your trading.

This locking and unlocking features can be simply done by pressing "Pattern" button on your chart.

You can use this locking and unlocking feature to enhance your real live trading.

We feel that this would provide a lot of benefits to users and we are already excited so much. :)


This update will be applicable to:

Harmonic Pattern Plus v3.5,
Price Breakout Pattern Scanner v3.6,
Harmonic Pattern Scenario Planner v3.8.


All the best for your trading. :)

Kind regards.

Hello, I purchased your indicator. I wanted to know what time frame is preferred and if the default values are good. thanks

Hi.

Price Breakout Pattern is setting free. So you can use default setting for any time frame and any currency pairs.

The choice of time frame is more dependent on your preference as this indicators works for most of time frame and currency pairs.

But just give you some ideas, M15, H1, H4 and D1 are the standard time frame used by many traders. You can even use this tool for M1 too.

Kind regards.

I am interested in this EA but $250 is a lot for me. Do you think you could enable the Renting option so I can rent it for 1 or 2 months so I can forward test. 

Thanks for your inquiry. I send you private message.

Kind regards.

Hello, how can I test ? I have 765 version.

Thanks

Unfortunately Price breakout Pattern Scanner is very interactive with traders. So such a sophisticated functionality can not be tested on MT4 strategy testers. You can test some simple indicator in MT4 strategy tester but Price breakout pattern scanner will not work.

I am really sorry for that.

Kind regards.

But the free demo version, for what is?

All the best

The button seems be there regardless any product on this webpage.

But it won't work, I guess. It is something I can't control. :)

Some Note on Starter and Junior Trader

After observing different customers, I have noticed that quite good amount of customers are new to Forex Trading and some of them are even new to investment.

Before start to trading in Forex, please note these few tips I used to teach junior traders in the past.

1. Trading is one kind of entrepreneurship and therefore there is naturally risk involving with trading and investment.

2. Before trading, you must understand how to use basic indicators in correct form and their success rate as well as their pros and cons.

(The basic indicators I will recommend here is simple moving average, exponential moving average, RSI, Stoch, ATR, ADX, MACD, Bollinger bands, support and resistance lines.)

3. Must understand position sizing and its power.

4. Understand what drives market (Fundamental, economic news, etc). Forex mostly tied with interest rate and inflation, employment rate (Purchasing power and monetary flow).You don't have to be expert at these in a first week after your starting of trading. But always get habit of reading news and articles with more care than before.

6. Understand your own ability of interpreting market patterns, geometry, and market cycle

7. Understand that market behaviour is based on crowd behaviour or crowd psychology.

8. Know some useful correlation between markets.

9. Just like we have physical law of energy = MC^2, similarly some rules can’t be bent in financial trading too. High rewards = high risk. Lucky trading will not continue forever.

To become professional traders, you need to master set of disciplines and these tips are only basic and might be your starting point.

Plus these note are only applicable to starter and junior traders. Slightly different tips might be required for auto traders who only using EAs.

Kind regards.

Update news for Price Breaktout Pattern Scanner.

Dear Traders.

We are currently working on to incorporate our Price Breakout pattern Scanner with Smart Renko charting facility.

We believe that this can help to increase success rate of your trading. Please stay tuned. We been working on this idea already quite some time. We are in the implementation stage. :)

Kind regards.

Update news for Price Breakout Pattern Scanner.

Our ongoing efforts of combining Price Breakout pattern Scanner with Smart Renko indicator is on its way. We are currently counting our update for version 3.7. We expect this will be done in next 5 working days.

Please read our update note below for your understanding.


================================ Update note =====================================

In version 3.7, Price Breakout Pattern Scanner can call the partial functionality of Smart Renko Indictors. However use of Smart Renko indicator is optional and user can decide not to use this Smart Renko partial Functionality (just use Price breakout pattern scanner as in previous version.).


There are some difference exists between MT5 Price Breakout Pattern Scanner and MT4 Price Breakout Pattern Scanner in calling Smart Renko indicator internally.


MT5 Price Breakout Pattern scanner can call most of functionality of Smart Renko indicator whereas MT4 Price Breakout Pattern Scanner can only use some functionality of Smart Renko Indicators. This is caused by the programming structure difference between MT4 and MT5 terminals(i.e. MT4 terminal does not use indicator handle yet.). This is beyond my programming ability.


However, the partial functionality of MT4 Price Breakout Pattern scanner can still offer much more clear entry and exit decision for traders. This is even more true for MT5 Price Breakout pattern Scanner.



To control Smart Renko Indicator from Price Breakout Pattern Scanner, user can control following inputs from Price Breakout Pattern scanner.



=========================== Input description ==========================

Brick Height Mode: choose between 0 and 1. Brick Height Mode 0 = User specified input for Brick height. Brick height Mode 1 = Automatic Calculation of Brick height using Standard deviation and z value.


Brick Height value: For Brick Height Mode 0, this is use specified pip value for brick height. For Brick Height Mode 1, this is z value for standard deviation. Sensible z value can range from 0.5 to 4. However mostly z value of 1.0, 1.68 and 1.96 is used in industry. If you are already familiar with Renko charting, then you must have some preference in your brick height. In such a case, just use Brick height Mode 0.


Bars to scan: This is count of bars in your current time frame where indicator is attached. Brick will be display on this bars.



Time Frame used for Brick Calculation: This is sub time frame to be used for brick calculation. Note that Smart Renko uses sub time frame to calculate brick and the brick will be displayed on current time frame.



Time Frame used to update Renko Chart: You can also choose different time frame for updating your chart. If Time Frame used to update Renko Chart = M1, then every 60 seconds the chart will be updated.


==================Link for MT4 and MT5 Price Breakout Pattern Scanner =====================

https://www.mql5.com/en/market/product/4859
https://www.mql5.com/en/market/product/4858

Further screen shot of Price Breakout Pattern scanner with Smart Renko.

Updated version of Price Breakout Pattern Scanner (version 3.7) is avaible to download.

As I mentioned, updated version of Price Breakout pattern scanner (version 3.7) can use Smart Renko functionality and they are built in inside Price Breakout Pattern Scanner. (We pushed really hard the functionality of MetaTrader to combine these two complex trading system in one body.)

https://www.mql5.com/en/market/product/4859
https://www.mql5.com/en/market/product/4858

The description about Smart Renko is here. MT5 Price breakout pattern scanner can use about 95% of Smart Renko Feature and MT4 Price Breakout Pattern Scanner can use about 60% of Smart Renko Features. (This is due to limiteation of MT4 termials and obviously MT5 terminal are newer trading platform.)

https://www.mql5.com/en/market/product/9911
https://www.mql5.com/en/market/product/9944

Kind regards.

Hi,

 Is this indicator will check all pairs and TF then notify on screen or email when it shows breakout right? what about false breakout, any solution? 

Hi.

Price Breakout Pattern Scanner is one of the most sophisticated trading system in the market.

Scanning many currency pairs easy with Price Breakout Pattern scanner. You just need to click Symbol button to move on to next symbol until you found good tradable patterns (You don't need to reopen another chart to do so. Just click back (<<)and forwared (>>) buttons to scan many different currency pairs.) 

Of course, there are false breakout for any trading system. There are two good ways of dealing with them.

Firstly you can switch on Smart Renko mode. With Smart Renko mode, you will be updated what market is doing in every 20 to 30 pips moves because Smart Renko will offer your instaneous trend strength per each brick.

In the false breakout case, you can cut loss early or you can put breakeven stop to your trade or you can trail stop according to the trend strength suggested by Smart Renko.

The most important advantage with Price Breakout pattern scanner is that you can thoroughly develop or refine or modify your own trading strategy using historical pattern reply features.

You can load back 50 to 100 past patterns with your preferred technical or price action indicators on the chart. You can fine tuning your strategy for better profits.

Hello!

Nice tool!

Have questions:

1.If I buy this-what type of file I will receive .ex4 or .mq4?(I am asking because most of indi's stop working after MT4 update if you dont have .mq4)

2.Updates are free? 

3.Does this tool bound to a specific account number?

Thanks.