• 概述
  • 评论
  • 评论 (20)
  • 新特性

Range Breakout Patterns Scanner

This price action indicator automates the detection of range breakout patterns (symmetrical triangle, ascending triangle, descending triangle, pennant and rectangle/horizontal channel; formed when price action is confined in a range). It generates trade signal with analytical entry, stop loss (SL) and take profit levels (TP1 and TP2).

The chart pattern recognition and quantitative analysis are based on a proprietary algorithm that looks at the interaction of supply and demand over time and therefore works exactly the same for all timeframes and financial market (currencies, cryptocurrencies, stocks, indices, commodities and bonds) instruments. However, it performs better during active market periods of the instrument.

  • 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.


Key points

  • This indicator generates high take profit to stop loss pips trade signals (which can be set to a minimum of 1:1) and notifies through sound alert, push notification and email of a signal detection (entry) and when the stop loss and profit levels are reached.
  • Does not repaint. Trade signal is not 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.


Parameters

  • SEARCH
    • Search for only Signal with Minimum TP to SL Pips Ratio of 1:1
    • Search for only High Probability Breakout Patterns
    • Enable System Resources Optimal Scan
  • DISPLAY
    • Trading Style
      • Very Aggressive (tight stop loss + wide take profit)
      • Aggressive (wide stop loss + wide take profit)
      • Conservative (tight stop loss + tight take profit)
      • Very Conservative (wide stop loss + tight take profit)
    • Show Pattern Illustration
    • Show Stop Loss Level
    • Show Take Profit Level
    • Show Second Take Profit Level (if "Show Take Profit Level"=true)
    • Show Level Description on the Level.
  • NOTIFICATION
    • Add Notification Tag (maximum of 15 characters) - add customized tag to notifications
    • Enable Sound Alert - enable pop-up alerts
    • Enable Push Notifications to Mobile Device - go to Tools → Options → Notifications to ensure that "Enable Push Notification" is checked and fill in the MetaQuotes ID(MQID) of the mobile MetaTrader 4 terminal (available in the section Settings → Messages) installed on your mobile device iPhone or Android to receive signal notifications directly on your device
    • Enable Email Notification
    • Take Screenshot - screenshots will be saved to: MQL4/tester >Files > Trend Breakout Patterns Scanner (in the terminal menu select to view: File -> Open Data Folder).


Recommendation

Install this indicator on Virtual Hosting to always receive instant trading signals via push notifications to the MetaTrader 4 mobile terminal on your device. More details on setting up Virtual Hosting can be found in the video here.

无评论
版本 3.3 - 2017.09.19
- Bug relating to system resources usage and others fixed.

- Added input setting 'Enable System Resources Optimal Scan' to increase or decrease the bars scanned according to the available system resources.
版本 3.2 - 2017.09.04
- Improved pattern detection algorithm.

- Added input setting 'Search for only High Probability Breakout Patterns'.

- Trading styles(very aggressive, aggressive, conservative or very conservative) can now be selected for appropriate stop loss and take profit levels.

- Option to take screenshots for all notifications added. Screenshots will be saved to: MQL4/tester >Files > Range Breakout Patterns Scanner (in the terminal menu select to view: 'File' -> 'Open Data Folder').

- 'Hide Pattern Illustration' setting changed to 'Show Pattern Illustration'.

- 'Show Level Description as List' setting changed to 'Show Level Description on the Level'.

- Basic bug fixes and improved overall performance.
版本 3.1 - 2017.05.19
- Basic bug fixes and improved overall performance.
- Email notification added.
- Improved take profit algorithm.
版本 3.0 - 2017.03.22
- Basic bug fixes and improvements.
版本 2.9 - 2017.03.17
- Basic bug fixes and improvements.
版本 2.8 - 2017.03.03
- Basic bug fixes and improvements.
- Added input setting 'Search for only Signal that does not Span over Weekend' with a default value of 'true'.
版本 2.7 - 2017.02.15
- Comprehensive optimization done to speedup the indicator operation and make it less CPU (processor) intensive.
- Basic bug fixes and improvements.
- Improved take profit algorithm to increase signal profitability ratio.
- Added input setting 'Search for only High Quality Signal' with a default value of 'false'.
- "Hide Pattern Illustration" input settings changed to "Show Pattern Illustration" with a default value of "true".
版本 2.6 - 2017.01.12
- Basic bug fixes and improvements.
版本 2.5 - 2017.01.09
- Basic bug fixes and improvements.
版本 2.4 - 2016.12.27
- Improved overall performance.
版本 2.3 - 2016.12.05
- Improved overall performance.
版本 2.2 - 2016.11.23
- Improved algorithm and overall performance.
版本 2.1 - 2016.11.10
- Improved overall performance.
版本 2.0 - 2016.11.04
- Improved overall performance.
- Improved take profit algorithm.
- Added the option to display the pattern illustration.
版本 1.9 - 2016.10.13
- Basic bug fixes and improvements.
版本 1.8 - 2016.09.19
- Basic bug fixes
版本 1.7 - 2016.09.08
- Improved overall performance.
版本 1.6 - 2016.08.31
- Basic bug fixes and improvements.
- Scanning speed and performance improvement.
- Pattern quality algorithm improvement.
版本 1.5 - 2016.08.17
- Basic bug fixes and improvements.
- Scanning speed and performance improvement.
- Pattern quality algorithm improvement.
- Option to add customized tag to notifications added.
版本 1.4 - 2016.08.04
- Basic bug fixes and improvements.
- Reward to Risk settings added.
- Pattern quality settings was modified.
版本 1.3 - 2016.07.21
- Basic bug fixes and improvements.
- Scanning speed and performance improvement.
- Pattern quality algorithm improvement.
- Take profit algorithm improvement.
- Alerts and push notification added when take profit level is reached.
版本 1.2 - 2016.06.27
- Basic bug fixes and improvements.
- "Scan for only High Quality Patterns" settings replaced with a more comprehensive pattern quality(high, medium and low) settings.
- Added "Pennant" to list of chart patterns.
- Take profit levels reduced to two (2) and calculation logic was improved and added the settings to choose whether to show the secondary take profit line.
- Previous trend arrow was added.
- "Show Line Description on Line" default value changed to "true".
- "Detect Pattern even after the Key Level Breakout" default value changed to "false".
版本 1.1 - 2016.06.15
- Fixed several bugs.
- Improved the logic for the detection of patterns.
- Added Key Level breakout and added the option to select between this or the trend line breakout.
- Added stop loss level and take profit levels and also added whether or not to display the levels and/or its price value.
- Added the functionality to ensure that every detected pattern does not disappear and is not replaced by another after entry breakout so that real-life monitoring/trading can be effective.
- Remove the settings "Allow to Repaint" because indicator is no longer allowed to repaint.
- Added the settings to choose whether or not to detect pattern even after the breakout of the Key Level has already occurred.
- Changed the name of the setting "Pattern Minimum Bars" to "Pattern Minimum Bars Length" and also increased its default value to 20.
- Changed the name of the setting "Filter by Quality" to "Scan for only High Quality Patterns" and has been improved to only select pattern with low probability of false breakout.
- "Span over Weekend" settings now applies to all time frames and its default value has been changed to "true".
- Added the settings to choose whether to scan for only bearish or bullish patterns or both.
- Modified all alerts and push notification contents to be more explanatory.