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The punched range

Operation principles

The Expert Advisor works on any timeframe and symbol.

The main idea: flat is always followed by a strong movement.

The EA determines when the price is located within a particular Delta_Range price range for a certain amount of time set in Time_Minus_Minut. Both parameters are customizable.

The robot sets two BUYSTOP and SELLSTOP pending orders for a specified delta_stop_run time period on a Set_Delta_Price_Stop distance from the previous price range with the specified Set_TakeProfit, Set_StopLoss and lot volume values.

If the price moves beyond the range and a pending order turns into a market one, the second pending order is closed.

The EA contains the TrailingStop block making STOPLOSS follow the price.


Parameters

  • Set_Lots – pending order lot volume.
  • Set_TakeProfit – profit gained by opened pending orders. The applied format: (200). Recommended values are 50 and higher. The minimum value is limited by your broker.
  • Set_StopLoss – stop loss for pending orders. The applied format: (500). The minimum value is limited by your broker. Recommended value is 200.
  • Set_TrailingStop – trailing stop. The applied format: (150). The stop loss follows the price at a specified distance when it moves to a profitable area. Recommended value is 50.
  • Delta_Range – price range, within which the price is located before pending orders are opened. The applied format: (120). Recommended value is 140.
  • delta_stop_run – two pending orders lifetime in minutes. If the time is up and no order is activated, both orders are removed. The applied format: (120).
  • Set_Delta_Price_Stop – distance between the price range and pending orders open price. Recommended value is 40. The minimum value is limited by your broker.
  • Time_Minus_Minut — time period, during which the price is located within a user-defined range.

If your broker uses suffixes or prefixes in symbol names and the EA does not work on them, contact me and I will implement changes for you.

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Stanislau Siatsko
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Torpedo Gold
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INREXEA LIMITED
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PriceTracker   is a very rapidly developing project with a huge set of strategies and various trading Logics. This is a robot that: does not use indicators, no need to optimize, no need to select parameters and adjust to the history, trades in different styles and strategies can trade any currency pair, and any trading instrument. For PriceTracker EA now activated discount of 50%  ($1250 ---> $625) >>>>> Left  3  Copies We all know that the classics of any trade are the Support and Resistance
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