Create an EA based on the PIPFINITE indicator - BREAKOUT EDGE

Create an EA based on the PIPFINITE indicator - BREAKOUT EDGE

 

 

I want to create an EA for the PIPFINITE BREAKOUT EDGE indicator. Below, I will put the text of the author's blog, explaining the use of this indicator.

https://www.youtube.com/watch?v=B7DvLjz8THo

 

However, I would like to insert some parameters also for better use of the EA.

 

 

PURCHASE / SALE CONFIGURATION:

 

CONFIGURATION 1: "SUCESS RATE FILTER" The input signal must be defined according to the user's choice rate for entering negotiations. Example “EA will open an order only if the SUCESS RATE FILTER is above X%”

 

CONFIGURATION 2: Possibility to determine what the StopLoss will be

>> Option 1: Opposite sign (“Oposite Signal”)

>> Option 2: Proprio STOPLOSS of the indicator (“Recent Swing”)

 

CONFIGURATION 3: Possibility to determine the TakeProfit strategy

>> Option 1: 100% takeprofit on TP1

>> Option 2: partial takeprofit of X% in TP1 and close X% remaining in TP2. (EA will open two orders related to% of TP1 and TP2)

>> Option 3: 100% takeprofit on TP2

 

 

CONFIGURATION 4: Possibility to vary the value of the trading order.

>> Option 1: Fixed value (user choice parameter) - the EA will already divide according to TP1 and TP2

>> Option 2: percentage value of the total account (so that the increase is gradual, proportional and automatic.)

 

 

CONFIGURATION 5: News:

>> Option 1: do not filter news

>> Option 2: filter news. Possibility to select the time period, before and after the news, in which EA will be prevented from opening new deals / orders. It is possible to filter which types of news will be filtered - degree of importance of the news (ForexFactory / Investing Calendar, MyFxBook) - Example: 30 minutes in news of great importance - EA will be disabled 30 minutes before and 30 minutes after high impact news ( three bulls at investing.com)

 

 

CONFIGURATION 6: Relationship with 2 (two) Moving Averages

Trading will only be opened if the purchase price is above or below according to the options defined by the user.

>> Option 1: do not correlate MOBILE AVERAGE

>> Option 2: correlate the ENTRY ORDER with 1 (one) Moving Average - defined by the user. ENTRY ORDER must be above / below the MOBILE AVERAGE specifications to be valid

>> Option 3: correlate the ENTRY ORDER with 2 (two) Moving Average - defined by the user. ENTRY ORDER must be above / below the MOBILE AVERAGE specifications to be valid

>> Option 4: correlate the ENTRY ORDER with 2 (two) Moving Average - defined by the user. The ENTRY ORDER must be above / below the MOVING AVERAGE specifications to be valid. And Moving Average 1 must be above / below Average 2.

 

 

CONFIGURATION 7: Relationship with MacD

Trading will only be opened if the MacD is below (for PUT request) or above (for CALL request) 0 (zero) - Possibility to configure MACD parameters.

>> Option 1: Do not correlate the MACD

>> Option 2: Correlate the PURCHASE order - only when it is above ZERO

>> Option 3: Correlate the SELL order - only when below ZERO

>> Option 4: Correlate BOTH: Correlate CALL order - when above ZERO // Correlate PUT order - only when below ZERO

 

CONFIGURATION 8: Possibility to create a personalized Alert to be interconnected with TELEGRAM. Giving the User the possibility to connect the TELEGRAM API to the EA. And that the order opening alert. Could be informed in ALERT.

"EURUSD PURCHASE at 1.1000 TP1 at 1.2000 TP2 at 1.5000 SL at 1.0000"

 

CONFIGURATION 9: Possibility to create specific time / day to start and end the EA performance - for each day of the week

 

IMPORTANT ---> Possibility to be tested / used on MT4

 

 

NOTE: I intend to make other EAs based on the strategies of the PIPFINITE indicators. Therefore, the experience with the PIPFINITE indicators will be a differential.