Boxed GBPUSD
Boxed
Good idea on the boxes and breakout.
Do you have a chart you can show us ?
I cant help on the indicator to EA quesion 
This is my first journal. This is a modified breakout strategy which I use on a daily basis, usually on GBPUSD, and set .
These are pre-est at the start of trading usually 6am when I get up.
There are 2 take profit targets. The first TP at 10 pip 1.9788, second 1.9809.
There is a potenital to run another lot at the third profit target but these needs descrationary, as i do not have a perfect target. I will try to add a chart (but havent technically managed to do it yet !)
Both targets taken today
(I wonder if i can use an indicator to call a script to automate these targets -mmmmmmmm)Here this should help you a little bit. I just modified one of my indicators to help you with visual backtest of your idea.
This is my first journal. This is a modified breakout strategy which I use on a daily basis, usually on GBPUSD, and set .
These are pre-est at the start of trading usually 6am when I get up.
There are 2 take profit targets. The first TP at 10 pip 1.9788, second 1.9809.
There is a potenital to run another lot at the third profit target but these needs descrationary, as i do not have a perfect target. I will try to add a chart (but havent technically managed to do it yet !)
Both targets taken today
(I wonder if i can use an indicator to call a script to automate these targets -mmmmmmmm)Please can you explain the strategy in more details.
looks good mate...
19/6 - 0 Pips - Breakeven
Bit of a lacklustre day
I broke even.
The first TP was not hit (missed by 4 pips) so the breakeven was hit.
The second breakout occurred and hit 2nd TP (25pips)
Total = 0
Im trying to attach aa pic
Is this similar to Darvas Theory
I was just curious. Are you using Darvis Theory? It would be great if someone could create an indicator for MT4. I use it on another stock program I have, but would have no idea how to program it.
Just ran a search
I just ran a search on Darvas and found a thread on Darvas theary. Chack it out and see if it's similar to what you are trying to do.
Darvas
Hi
Ive not used Darvas boxes - just the high and lows of the previous night of trading to identify the support and resistance.
Today
HI
I think I need ot change my build (im on 206) and it is really slow for some reason
Todays stats are:
BUY at 1.9888, with a stop at 1.9863, first TP at 1.9898 2nd at 1.9917
.
Kalenzo Thank you for the indicator
It has saved me hours of manual backtesting (and saved my eyesight !)
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This is my first journal. This is a modified breakout strategy which I use on a daily basis, usually on GBPUSD, and set .
These are pre-est at the start of trading usually 6am when I get up.
There are 2 take profit targets. The first TP at 10 pip 1.9788, second 1.9809.
There is a potenital to run another lot at the third profit target but these needs descrationary, as i do not have a perfect target. I will try to add a chart (but havent technically managed to do it yet !)
Both targets taken today
(I wonder if i can use an indicator to call a script to automate these targets -mmmmmmmm)