Am making this suggestion because there are many breakout trading systems
doing well right and an ea such as this one will make it easier to trade breakouts by letting the ea set the pending orders while you may also manually cross-check the orders when the ea places them
The EA is a universal breakout EA which can be applied to any breakout with the following parameters
start time based on broker time
end time based in broker time
TP1, TP2, TP3, TP4,
if there is only one TP then TP 1-4 can be set to the same value
SL is opposite order YES/NO if yes the SL is set to the opposite side of the tunnel
SL if the above is NO the SL value is set here by pips
MTF ATR to set the Timeframe of ATR
ATR TP for those who want to use ATR as the TP
Any other universally useful parameters
Good idea, but...
How EA will manage to recognize different kind of breakouts?...There are breakouts based on trendlines, candles, levels, etc.... mmm... Maybe placing it manually drawing lines and letting EA recognize those lines?... dunow.
Elaborate, please ?
but those 3 to 10 min sudden breakout , then the trend move in --- towards another direction for the next few hours, how do you capture the profit or prevent yourself end up in losing-- for big time
igm is referring to time breakouts
From the description, it appears that internetgrandmaster is basing the breakouts on the highest and lowest points within a certain time period. e.g. the London ORB or Asian session. Having looked at the EA, it confirms this.
I think there needs to be more to these types of EA's as the conditions for entry do NOT take into account price action. That being said, if you were to babysit the EA then you would have the fear of 'pulling the trigger' eliminated and trade management only becomes your priority.
i want to apologise for not making myself very clear
this EA is not meant to be a trading strategy by itself
but meant to be a general tool for trading TIME BASED
these are systems that take advantage of asian open and close
such as asian breakout systems
london breakout systems etc you should understand what i mean now
so what am suggesting is an EA that can place this pending orders on
your behalf in order to eliminate or reduce indiscipline , fear , forgetfulness and speedy price movement
can anyone help in coding the EA ?
i can not see any EA?
sorry if you misunderstood me
i dont have the EA , i need somebody to code it
is anybody willing to create this EA
The EA is meant to be a general EA to trade time -based breakout systems
like the hans 123 trading system
( this is just an example as Hans 123 already has an EA)
please can someone help me code a breakout EA as follows?
The EA is a universal breakout EA which can be applied to any breakout
system with the following parameters
start time (based on broker time)
end time (based on broker time)
NB start time and end time must include minute(not only hour)
buffer = ( the no of pips to add to the high and the number of pips to
subtract from the low )
add spread to buffer yes/no
SL 1 type= -% of ATR ( eg user can set sl as 50% of ATR
SL 2 type= opposite side of the tunnel
SL 3 type= particular number ( eg 50 pips)
SL type= ( here user determines which SL type he wants to use by
inputting 1, 2 or 3)
TP type1= -% of ATR ( e.g 25% of ATR
TP type2= opposite side of tunnel
TP type3= particular number e.g 20
TP type= 1,2 or 3( Here user determines which TP type he wants to use by
inputting 1, 2 or 3
Target 1= 20 ( this is the TP value for users using TP type3)
Target 2= 40 ( this is the 2nd TP value for users using TP type 3)
user can set the Target 1 and 2 to the same value if he wants only one target
Target 1 and 2 will be used if the TP type3 is true
please willing helpers should either send me a PM or reply through this thread