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Script to identify consolidation box and trade entry upon breakout

MQL5 Indicators Experts

Specification

Hi all,

 

i need a script that can do the  following:

1) Identify period of consolidation with a minimum of 24 candles ( X  variable)

2) This period of consolidation also need to be within the band of 25-30 pips ( Y variable) 

 

criteria for consolidation 

 

 

 

 When criteria is met, this box will be shown on screen when script is turned on.

 

 3) when candle closes BELOW this box, SHORT trade will be triggered.

      when candle closes ABOVE this box, LONG trade will be triggered.

 how to take prift and exit

 

 

4) Two ways of exiting positions: a) when  the X/5th ( rounded up) candle is reached. TAKE PROFIT

                                                 b) when candle CLOSES back into the consolidation before X/5 th   candle is reached. STOP LOSS

 

Exit trade by stop loss 

 

 Possible   parameters for variables and alert.

alertscript parameter 

 

 

  

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25 - 50 USD
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from 3 to 10 day(s)