RTR Breakout Patterns Scanner

This price action indicator automates detection Patterns range breakdown, the breakdown of the trend patterns and re-breakdown testing patterns, and delivers the signals to the input levels with precise stop-loss (SL) and take profit (TP1 and TP2).

This indicator, supplying signals to technical analysts and traders price action that can “set and forget”! recognition of the principle of candlestick patterns and quantitative analysis of the signals is based on the author’s algorithm.

Analysis of price movements may form the basis of successful trading strategies for all types of traders, since it considers the interaction between supply and demand over time. Thus, the strategy of this indicator works exactly the same way when you install on any time frame and financial instruments (Forex, stocks, indices, commodities, etc.), the graph of which he is working in the platform MetaTrader 4. However, it works best during periods of activity of the instrument on the market.

• Skalpingovaya trade: replace the fifth-minute timeframe.
• Intraday trading: install the 15-minute / 1-hour timeframe.
• Swing trading: Set on 4-hour / day timeframe.
• Long-term trade: set for weekly / monthly timeframe.

The demo version of the indicator for real-time testing can be downloaded here.

Main advantages

• The indicator takes the shopping signals with a high ratio pips to take profit and stop-loss (which can be set not less than 1: 1) as the input levels, the stop-loss and take profit, and sending alerts, and push-notification when achieving any of these levels.
• It is not redrawn. Vending signal is removed after breaking the input level, so real-time monitoring / sale may be effective.
• This lamp is suitable for both professional and beginner traders, since it eliminates the time, cost and effort to analyze the trading signals on the price action.
• It provides a clear and simple display of patterns, which can easily be used to track and trade.

Options

• SEARCH – Searching
  • Search for only Signal with Minimum TP to SL Pips Ratio of 1: 1 – searches only signals with a minimum ratio of pips TP and SL, is 1: 1.
  • Search for only High Probability Breakout Patterns – Search patterns with only a high probability of breakdown.
  • Search for Range – searching for a breakthrough range of patterns.
  • Search for Trend – search trend breakout patterns.
  • Search for Retest – search re-breakdown testing patterns.
• DISPLAY – Displays
  • Trading Style – Trade Style:
    • Very Aggressive – Aggressive = Very aggressive stop loss + aggressive take profit.
    • Aggressive – Aggressive = conservative stop loss + aggressive take profit.
    • Conservative – Conservative = aggressive stop loss + conservative take profit.
    • Very Conservative – Very conservative = conservative stop loss + conservative take profit.
  • Show Pattern Illustration – show patterns illustration.
  • Show Stop Loss Level – show the level of stop-loss.
  • Show Take Profit Level – show the level of take-profit.
  • Show Second Take Profit Level – show the second level take profit (if ‘Show Take Profit Level’ = true).
  • Show Level Description on the Level – show the level of description.
• NOTIFICATION – Notification
  • Add Notification Tag (maximum of 15 characters) – add custom tags in the notification (up to 15 characters).
  • Enable Sound Alert – allow sound signals.
  • Enable Push Notification – allow the sending of notifications to the mobile terminal MetaTrader 4. In the terminal, open the “Tools” menu -> “Settings” -> “Notifications,” make sure it is checked in the “Enable Push-notification”, and enter the MetaQuotes ID (MQID) your “MetaTrader 4” mobile terminal (located under “Settings” -> “Messages”) to get notifications directly on your mobile device.
  • Enable Email Notification – turn on email alerts.
  • Take Screenshot – save screenshots. Screenshots are saved in: MQL4 tester Files RTR Breakout Patterns Scanner (in the Terminal menu, click “File” -> “Open Data Catalog”):

Recommendation

• Set the indicator on shared hosting, to always get instant trade signals with the help of push-notifications on the MetaTrader 4 terminal on your mobile device. Detailed description of the virtual host configuration is available in video on link.

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