Unfortunately, as a result of heavy computation involved in identifying cost breakout patterns (http://fxpricebreakout.ucoz.com/index/software/0-5, I needed to stop building this Scalping EA on its experimental stage. I couldn't make any progress.
I think still I can not find a ways of decreasing computation in identifying cost breakout patterns. Implementing full algo it takes too long time to run back test.
I used demanding algorithm about the EA Beast to save computation but the precision also decrease too with the algorithm that was rough. So it only shows the fantastic potential but no longer at this stage.
So Cost breakout pattern is better suited to manual trading just so far I guess.
Anyhow, anyone has adventurous mind then you may try this EA on demonion account. This is absolutely free.
Notice that this is experimental EA and eduional EA only although there is not any limitation to use this EA in your live account.
But use them with your own care and care. EURUSD H1 time period only. This is free EA.
Hopefully you guys will have some fun playing this EA on this tacky and boiling summer weather, at least it is true where I am living for the time being.
I attach two back testing test reports based on last 1 year old information and EA as well as the EA Beast version 2.9.
Plus, the ideal broker to utilize this EA is some broker permit you to start as many as open positions as possible (even larger than 300). The EA can work together with the broker limiting the amount of open positions too like the case of Iron FX. But the profitability will reduce dramatically. Also it is better to use this EA with broker you can get tight stop loss and take profit level.
You're welcome to go over your forward testing outcomes here with this experimental EA. So feel free to use this post to go over anything regarding the performance of the EA Beast. You can also share the parameter collections in the event that you find one. You will find just a few parameters to optimize.
My breakout Pattern Scanner was somehow picked up to show the graphic demonion in Market Place in a few of the latest articles by Meta Quote Corporation.
Breakout Pattern Scanner is the mother of this EA beast, although the Beast EA only use rough and not as accurate algorithm to look for the pattern to save computation. Breakout Pattern Scanner utilizes full permutation search engine not to miss any significant breakout routine.
The main focus of this article is purely graphical demonion for products in the Market Place.
It may be interesting to see whether you are seller or buyers or not one of those.
Demonion video for Risk Management Tool (watch in HD mode). It uses Harmonic Pattern Plus however you may use any Cost Action and Pattern Trading Software from us to use the same stop loss setting. Visit our website for more information. Risk Management Tool is totally free: https://www.mql5.com/go?http://harmo...rn.ucoz.co.uk/
New Post in the Fiscal trading with Five Regularities Forum
Second post is available in the Fiscal trading with Five Regularities Forum. We expect more of you to combine to learn the method of trading. It's free and eduional. http://tradeinvestsmart.com/forum/te...ies-of-nature/
Your Definite Guide for Price Action and Pattern Trading Package </b>
Our Forex Trading Appliions are designed for different level of traders from Novices to Professional Dealers. Here you can find out the full list of Price Action and Pattern Trading Software.
Intermediate Trading Package 1
Harmonic Pattern Plus Risk Management Tool (free) other technical indior Template supplied from us (free).
Intermediate Trading Package two
Price Breakout Pattern Scanner Risk Management Tool (free) other technical indior Template supplied from us (free).
Professional Trading Package 1
Harmonic Pattern Plus Price Breakout Pattern Scanner Risk Management Tool (free) other technical indior Template supplied from us (free).
Professional Trading Package 2
Harmonic Pattern Plus Price Breakout Pattern Scanner Sideways Market Analyzer Risk Management Tool (free) other technical indior Template supplied from us (free).
Few Tips on Selecting the Ideal Package for You</b>
In our experience, the prediction power between Harmonic Pattern and Price Breakout Pattern is comparable. This is our guie for weighting our Price Action and Pattern Trading appliions:
Harmonic Pattern = Price Breakout Pattern gt; Price Action Candle Detector
Sideways Market Analyzer works more like EA. So it is tough to compare it with other appliions. The most important difference between these software is that harmonic Patterns and Price breakout patterns are formed over many candles bars (i.e. occasionally over 100 candle bars.) Whereas Price Action candle Detector finds patterns with two or 3 candle bars. Thus, Harmonic Pattern and Price Breakout Pattern naturally provide you more powerful market perspective over Price Action Candle Detector. Having said that, Price Action Candle Detector is still quite accurate. In terms of learning curve (how easy to learn the appliions), our rating is similar to this:
Price Action Candle Detector gt; Harmonic Pattern gt; Price Breakout Pattern gt; Sideways Market Analyzer
Much like ldquo;The little book of Sideways Market by V. N. Katsenelsonrdquo; presents readers the significance of understanding Sideways Market, Sideways Market Trading Strategy can accelerate your success if you're aiming to become the best 5 percent traders. In our experience, Mastering Sideways market should be followed after your whole training for bullish and bearish market trading plan. Therefore we added the Sideways Market Analyzer into the very end of our list.