Breakout Pattern Scanner
Breakout trading is a strategy that looks for levels or areas that a security has been unable to move beyond, and waits for it to move beyond those levels. In Forex and Stock market, once, the price moves out of those level or area, the price could keep moving in that direction. Hence, breakout trading can be considered as the price action strategy. A breakout occurs when the price moves above a resistance level or below a support level on increasing volume. Or you can also use triangle price patterns to gauge the breakout level. Breakout traders seek stocks or other financial assets that have been confined to trading below or above a specific level, despite multiple attempts. Breakout trading can help you catch every trend in the market. We list the possible technical analysis for breakout trading.
A. Support and Resistance
B. Supply and Demand Zone
C. Symmetrical Triangle, Falling Wedge, Rising Wedge Patterns
D. Elliott Wave Pattern,
E. Pattern Completion Zone of Harmonic Pattern and X3 Chart Patterns (You can use Pattern Completion Zone like Supply Demand Zone in this case)
F. Fractal Pattern and Fractal Wave
We provide several Breakout Pattern Scanner with different features in MetaTrader 4 and MetaTrader 5 platform. This is the simple introduction for each breakout pattern scanner. Breakout trading is one of the most popular trading strategy as with reversal (i.e. turning point) strategy in the swing trading community.
1. Price Breakout Pattern Scanner for MetaTrader 4 and MetaTrader 5
Price Breakout Pattern Scanner is the popular Breakout Pattern Scanner with affordable price with many powerful features. It can detect Triangle, Falling Wedge, Rising Wedge pattern, Head and Shoulder Pattern, Double top and Double Bottom. As a added bonus, you have access to 52 Japanese candlestick pattern + Smart Renko. However, this scanner can repaint. It does not support multiple timeframe pattern scanning.
https://www.mql5.com/en/market/product/4859
https://www.mql5.com/en/market/product/4858
https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/
YouTube Video “How To Use Price Breakout Pattern Scanner”:
https://www.youtube.com/watch?v=aKeSmi_Di2s
2. Advanced Price Pattern Scanner for MetaTrader 4 and MetaTrader 5
Advanced Price Pattern Scanner is our another popular breakout pattern scanner. It can detect Triangle, Falling Wedge, Rising Wedge pattern, Head and Shoulder Pattern, Double top and Double Bottom. In addition, it can detect cup and handle patterns. Advanced Price Pattern Scanner is non repainting. + It provides the multiple timeframe pattern scanning. Hence, you can consider this as more advanced version of Price Breakout Pattern Scanner.
https://www.mql5.com/en/market/product/24679
https://www.mql5.com/en/market/product/24678
https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/
Here is a Simple Video Tutorial on Advanced Price Pattern Scanner.
YouTube: https://www.youtube.com/watch?v=A1-IUr6u5Tg
3. Fractal Pattern Scanner for MetaTrader 4 and MetaTrader 5
Fractal Pattern Scanner is our next generation price breakout pattern scanner. Unlike previous two price breakout pattern scanner detect price patterns like triangle and wedge patterns, Fractal Pattern Scanner detect the price breakout pattern using Statistical method with Elliott Wave like concept (i.e. Mother Wave and Child Wave). Hence, there is a huge difference in the detection of breakout patterns in Fractal Pattern Scanner from rest. However, Fractal Pattern Scanner is the powerful breakout pattern scanner as it provides the reversal (i.e. turning point) trading opportunity as well as breakout trading signals. Fractal Pattern Scanner also support Multiple timeframe pattern scanning with fully automated breakout signal generations.
https://www.mql5.com/en/market/product/49170
https://www.mql5.com/en/market/product/49169
https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/
YouTube Video Breakout Trading vs Reversal Trading – Turn Support & Resistance to Killer Strategy:
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