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Simple Breakout System By Zach

OpenOrderFibo indicator doesn't load - something is up with it - can you paste a new clean copy
Hi, Eroll.
Very interesting strategy.
Did I understand initial rules correctly?
We wait for breakout of morning box with candle closing outside the box, then place limit order on 100% fib with SL on 50% & TP on 161%.
Quoting antisystem
Hi, Eroll. Very interesting strategy. Did I understand initial rules correctly? We wait for breakout of morning box with candle closing outside the box, then place limit order on 100% fib with SL on 50% & TP on 161%.
Yes
I took the liberty to develop an EA for this system . The indicator is hardcoded.
EA will trade always in M15 . It will look for trades only Tuesday Wednesday Thursday .
EA will open order if the breakout has happened after the 8 o`clock as in the settings,not before 8 or you can choose your own hours you think is better.

Logic how order is managed :
When the price has reached X % of the TP distance ,the EA will :
- Move the SL to Breakeven when BE Percent (X % of the TP distance) settings is respected.
- Close 50% of the lot and trail the remaining lot .
- Min lot required is 0.02 .

I will test this EA in all 28 FX Pairs and post results.

Demo Account to keep track :
Globalprime Demo
2176403
123456a

Inputs attached.
Attached Image
Attached File(s)
File Type: ex4 Simple Breakout System.ex4   41 KB | 428 downloads
Download Corti EA : https://cortiea.com
Quoting mastercool66
I took the liberty to develop an EA for this system . The indicator is hardcoded. EA will trade always in M15 . It will look for trades only Tuesday Wednesday Thursday . EA will open order if the breakout has happened after the 8 o`clock as in the settings,not before 8 or you can choose your own hours you think is better. Logic how order is managed : When the price has reached X % of the TP distance ,the EA will : - Move the SL to Breakeven when BE Percent (X % of the TP distance) settings is respected. - Close 50% of the lot and trail the remaining...

Good day! I am currently testing your EA sir. May I ask if there's a way to amend the settings so I can trade Monday-Friday. Thanks.
BTW your EA runs the way this system must be which is great.
Bro,
Should have posted the whole code.
Attached File(s)
File Type: mq4 Simple Breakout System.mq4   53 KB | 565 downloads
Download Corti EA : https://cortiea.com
Quoting ErollZach
{quote} hi friend,if im not mistaken the indicator is call AUTUFIBONACCI here u go the default setting is for daily candle enjoy {file}
Does it repainting?? very very nice one indeed
Quoting mastercool66
Bro, Should have posted the whole code. {file}
Wooow many thanks!!! you can create or modify for make that!?
Its for the same strategy, but with other technic, many thanks mastercool66 !!!!

Range to set fibonacci:
Start hour and minute for make a fibonacci (High and low of the range)
End hour and minute for make and fibonacci
Start trading hour and minute
End trading hour and minute
Delete all orders at end trading hour (true or false)
Introduce the fibonacci levels with comma separate values:
Fibonacci levels buy stop
Fibonacci levels sell stop
Fibonacci levels buy limit
Fibonacci levels sell limit
If one order enter, cancel all others orders (true or false)
Magic number EA
start trailing stop at fibo level
first place of trailing stop (for got a minimal profit) in fibo level
Step of trailing stop
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