Simple Breakout System By Zach (EA)

Quoting damiend

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Guys, Attached is a new version 1.3 for this EA. It is a minor update to : Fix the bug that opens an order when the candle close doesn't confirm the breakout sometimes despite the fact that WaitForCandleToClose=true in settings. See https://www.forexfactory.com/showthr...2#post10057682 Add a BreakoutPipsConfirmation parameter as asked by htawfik above. When WaitForCandleToClose=false, this parameter will allow to open a trade when there is breakout + BreakoutPipsConfirmation pips. Enjoy! {file}

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Quoting bojack34

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If not asking too much, creator of EA. Would it be possible to also get TP and SL in pips? TYVM!

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Quoting bojack34

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{quote} So no pips? Thanks for all the hard work though.....very much appreciated still!!

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Quoting bojack34

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For starters I don't know anything about coding, with that being said, I'm not sure how hard this addition would be. Would it be possible to have all the Major 28 pairs on the EA and be able to choose which ones we want the EA to use. That way we don't have to load the EA on each and every pair that we want to use. This allows you to set your EA to the Tokyo Open for example and then go into the EA and ONLY select the JPY pairs for the EA to use. Basically only the relevant pairs according to the Market Open you are focusing on.

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Quoting Dtde

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Testing GJ and GU with good results on H1 so far. Is it possible to add some Moneymanagemt to the EA?

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Quoting ErollZach

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{quote} guys,damiend has doing a great job to improvise the EA to version 1.3 what we need to do is just backtest and get data on the best pair&timeframe and pls mention which broker did u backtest it i need to compile it to get the best result for this EA

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Quoting damiend

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Hi guys, Attached is a new version 1.4 of the EA. The new features in this version are: SL and TP can be set in Pips or Fibonacci %. Use the new TPSLstrategy parameter to specify if your StopLoss and TakeProfit values are in pips or fibo %. The default is Fibonacci. BreakEven : you can set BreakevenAfter > 0 if you want to use the BE feature. It will move SL to "BreakevenValue"pips when the price goes "BreakevenAfter" pips in your favor. BE is disabled by default with BreakevenAfter = 0. Enjoy! {file}

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Quoting Dtde

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Question here: Is it possible to have the old fibo's automaticly deleted once a new trading days starts? {image}

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Quoting bojack34

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When the setting of "Wait for candle to close" is set to FALSE........do you have the EA using the OPEN and CLOSE of the candle as your trigger......OR......do you have the EA using the HIGH and LOW of the candle as your trigger? It would be nice if it were option #2, but I have a feeling thru my demo'ing that the EA is set option #1 as it's default.

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Quoting damiend

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{quote} By default WaitForCandleToClose=false will trigger a trade as soon as the high or low of the box is broken. But note that WaitForCandleToClose=false works with BreakoutPipsConfirmation parameter that is set to 5 pips by default (will be 0 by default starting from v1.5 because it can be confusing). In this case, it means the trade will be opened at high/low of the box + 5 pips.

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Quoting zatara503

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Hello guys, Thank you for such amazing EA, I tested version 1.3 with no issues however, version 1.4 does the following: It opens the order at the moment you load the EA into the chart, it does not wait for a confirmation candle and even opens the order when the price is still withing range and it has not break yet the Fibo 100% or 0%. Something else to mention is that if there was a big candle that closed near our TP level (161.8 fibo) and it closed there, the EA will still open an order so you will have 2 options 1- wait for the retracement. 2-...

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