Discussing the article: "Developing an Expert Advisor (EA) based on the Consolidation Range Breakout strategy in MQL5"

 

Check out the new article: Developing an Expert Advisor (EA) based on the Consolidation Range Breakout strategy in MQL5.

This article outlines the steps to create an Expert Advisor (EA) that capitalizes on price breakouts after consolidation periods. By identifying consolidation ranges and setting breakout levels, traders can automate their trading decisions based on this strategy. The Expert Advisor aims to provide clear entry and exit points while avoiding false breakouts.

To easily understand the concept that we have relayed, let us visualize it in a blueprint.

  • Consolidation Range upper-level breakout:

UPPER LEVEL BREAKOUT

  • Consolidation Range lower-level breakout:

LOWER LEVEL BREAKOUT

Author: Allan Munene Mutiiria

 
Nice nice 

May I copy this source code and paste and create a robot ?
 
i can  you have option to select the high and low range base on time and price ?

eg let say i want the range high and low be the 6 am (H1 TF  )  candle  when that candle close the range box plot 

then give me notification when the high or low of the range break.

option to select time and price levels