Here I will show few pictures to help how patterns are works together in financial market. I followed this since 9 June on GBPUSD pair.

Firstly we get bullish breakout with falling wedge pattern on 12 June.

Secondly we get Big bearish pattern to alarm you possible bearish market on 20 June after the nice bullish rally from 12 June.

Thirdly  we get symmetrical triangle on 26 June to tell you possible price direction change. The triangle lead to big bullish breakout.

Then, bearish butterfly pattern formed and alarm you possible exit timing from the previous bullish breakout.

Just give you an idea how these pattern (Harmonic pattern and breakout pattern) work tougher.

For your further information, Harmonic patterns are used by many independent traders ( They are not necessarily trading on trading floor) and they are used for some serious investors with serious money as they are easy to use and powerful.

Breakout patterns are on the trading text book and used by many professional traders. If you enrol professional financial trading firm, then they will learn breakout patterns (double top, head and shoulder, triangle, etc) for must.

Interesting question arose here Who is more powerful between harmonic pattern and breakout pattern? In my view both helps each other. You will become more successful trader combining both indicators.

I hope this was helpful for your successful trading.

Plus harmonic pattern and breakout patterns works perfectly as an standalone trading technique. So you can also start your trading using only one trading style between harmonic pattern and breakout pattern.  

Kind regards.

Thanks for your interest in the Price Breakout Pattern Scanner.

The Answer is really simple. They works really well and will provide you very clear market view.

So you can place the order immediately. Here I made some analysis based on the triple top pattern from the Price Breakout pattern scanner on GBPUSD  on the start of Asian session on Thursday.

The price hit the double bottom on Friday night exactly as I mentioned on my analysis. People followed this analysis at least made 50 to 60 pips in a day.   

Indeed they will give you alert and email notification when the pattern is formed. Some of my customer is a part time trader who is not present in front of Forex chart all day. They only trade when the price breakout pattern scanner send them email notification or sound alert.

The Price Breakout Pattern Scanner works well for many time frames including M5, M15, H1, H4 and D1. Also you can use historical pattern reply function to do backtesting of your strategy. Use this backtesting facility to scan some currency pairs, you will find some currency pairs work exceptionally highly profitable with this kind of strategy. Realizing this will only takes 10 minutes. :) :)

Besides, the Price Breakout Pattern Scanner works well for any other currency pairs.

Kind regards.

hi,

 thanks for your detailed reply, one more thing..is there any option to give possible target and sl for each and particular pattern..?

Thanks 

Yes, of course. I will explain in term of trading text book first and then I will add my option later.  Here I will give you an stop loss and take profits from the trading text book.

In my opinion, as Morden market tend to create  a lot of up and down fluctuation to stop out the tight stop loss positions, I recommend you to have enough stop loss level.

Good news is that take profit level is normally very high for this breakout kind of strategy. Therefore, you could have quite sufficient stop loss level. You enter the market if your Reward (TP)/Risk(SL) > 1.2. Sometime you will find Reward/Risk > 3 when the pattern is detected.

You can make consistent profits like this long period of time with this Price Breakout Pattern Scanner.

Kind regards.  

In the picture below I show you, Potential Take profits level for double top and triple top patterns.

Kind regards.  

Here are some more information.

http://www.investopedia.com/university/charts/charts2.asp 

http://www.investopedia.com/university/charts/charts4.asp

http://www.investopedia.com/university/charts/charts5.asp

Today, bearish rising wedge pattern on Gold.

and Huge price drop.

Updated to version 2.8, small bug was fixed from version 2.6.

I want all the traders enjoy trading and to do so, I know that risk management is really essential.

So I provide free risk management tool for traders.

I used to use Risk Management tool in Excel, but it is really painful to switch screen back and forth. This risk management tool I developed works with Meta Trader 4 and 5 both. You can download them from any of these pages. They are located on the very bottom of pages.

http://harmonicpattern.ucoz.co.uk/index/software/0-4


http://fxpricebreakout.ucoz.com/index/software/0-5


http://tradesideways.ucoz.com/index/software/0-4

Thanks so much again.

The pattern construction principle between harmonic pattern and Price breakout pattern is totally different.

Therefore, combining these two tools together, you have non overlapping and high quality information on your hands.

Just remember this simple principle, if harmonic pattern and Price breakout pattern indicates the same market direction.

Then there is very good chance for you to be right.

Also remember this statically proved principle, which is that, with your rewards far greater than your risk, just achieving over 60% of accuracy is far far more profitable than a trading strategy with 80% accuracy with very small reward and large risk.

Form your trading strategy accordingly to this principle. You will do less work but you will achieve more profits.

Thanks again and all the best.

Kind regards.

Uploaded new video tutorial on how to develop profitable trading strategy with Price Breakout Pattern Scanner.

Enjoy.

Many more new updates on our website. Please visit it for your own goods. You can find more about Signal subscription, training course and products. 

http://harmonicpattern.ucoz.co.uk/

http://fxpricebreakout.ucoz.com/

http://tradesideways.ucoz.com/

Hello MQL5 users.  

Technical Indicator Template to go with Price Breakout Pattern Scanner.

MACD indicator was additionally included as per the discussion with Brax FX.

This set up are best used with Price Breakout Pattern Scanner. 

Kind regards.

Hello

Is your pattern scanner scanning only the chart where the EA is attached, or scanning all the currencies available

in the mt4 ?

Thank yu

Hello

Our Price Breakout Pattern scanner is designed for intensive search on single chart rather than superficial or rough search on many charts.

When the patterns are intensively searched on the chart, the search patterns are stored and can be displayed in time sequence.

This function is very important as you can calculate true successes rate of each pattern, not mechanically calculated success rate but success rate recognized with your own eyes with other surrounding trading condition.

To best use for your successful trading, just attach this scanner to the currency chart with your high interest with our free technical indicator template.

We offer you other technical indicator template to go with Price Breakout Pattern Scanner for free.

If you have any other question, just drop me an message any time.

Kind regards. F.E.

Hi,

The indicator will show messages such as the following right?

1) Bearish pattern

2) Bullish pattern

3) Trade on breakout only (Double top, double bottom, triple bottom, etc.)

4) Buy pressure except flat angle on bottom

5) Sell pressure except flat angle on top (rising wedge)

6) Sell pressure, occasional rear breakout (rising wedge)

Is there a listing of all the possible messages that the indicator will show? 

Hi,

Hello AgileInvest

Sorry for late reply. I had to complete some project this morning.

I am back now. In regards to your first question, we don't have any list of possible messages. They are embedded in the code itself.

For better understanding, We recommend you to visit our website http://fxpricebreakout.ucoz.com/ or other educational website on price breakout here

For your second question, I will send you private message.

Kind regards.