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This is using a box breakout strategy when market is less volatile. EA work on the chart it attached to.
This EA must able to work automatically on any 2. 3, 4, 5 digit pairs.
I refer 1 point as the last digit of any digit
pairs.
Please follow our format when many this EA.
No 1 and 2 - Allow Magic Number and Comment
No 3 - The EA must allow selection of the Time Frame to trade on. (Current, M1, M5, M15, M30, H1, H4)
No 4 - The EA allow to enter a specified precise time. And after a certain precise time is enter the EA analyse the number of bar behind that time to determine the High-Low and draw the RED/BLUE Box.
No 5 - The Number of Bar to be analysed for the total High-Low is stated in No.5. It can be as little as just 1 bar to any number of bars entering there.
No 6 - The High-Low method can be 2 different type of candle. 1, use only the REAL BODY of the candle stick. 2. use the TOTAL SIZE of the candle stick. Please allow drop down for our selection.
No 7 and 8 - To allow a certain points above the High to set pending Buy order and a certain points below the Low to set pending Sell order. (see attached for more explanation).
No 9 and 10 - When a Blue Box is drawn in the MT4 chart, this mean it has meet certain requirement and it will able to set Buy and Sell pending orders
waiting for a right breakout.
When a Red Box is drawn in MT4 chart, this mean it does not meet the requirement and it will not set any pending orders.
No 11 - Max point is to avoid trading on high volatility (see explanation attached)
No 12 - Min Point is to avoid trading on
a completely Flat market. (see explanation attached)
No 13 - Provide drop down for True or False - this is to determine whether to (True) delete opposite order or (False) to allow it to remain active.
No 14 - Buy Pending order Lot size, enter 0 = No trade for Buy Pending
No 15 - Sell Pending order Lot size, enter 0 = No trade
for Sell Pending
No 16 and 17 - Stop Loss and Take Profit
No 18 - True or False - True use Trailing Stop, False, do not use it.
No 19 and 20 - If set 18 to true - It should cancel away take profit to use this as a stop loss to take profit.
No 21 - Max Spread
No 22 - Max Slippage
No 23 - EA daily reset time - To delete all pending orders and re-start itself for new order after this.
I hope you understand my requirement, I am just trying to explain clearly what I need.
