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any good breakout indicators/EAs out there? 0 replies

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Formula One Breakout Eas

  • #201
  • Nov 7, 2018 12:40am Nov 7, 2018 12:40am
Quoting wannalearn12
Would it be possible to code an auto stop at the high or low of the range, and then a TP 1:1 with that stop?
This could be interesting, worth a look at I think.
  • #202
  • Nov 7, 2018 12:43am Nov 7, 2018 12:43am
Quoting Hickson
{quote} 20 pips? But often the preBO range is wider on EA, not sure if I got you right ...
Yes 20 pips, but I am thinking might need some adjustment, maybe even the time of the setup, will be looking into.
  • #203
  • Nov 7, 2018 1:19am Nov 7, 2018 1:19am
As promised I would report my findings.
This EA has potential. The box size and box time are easy to set and work perfect.
It also has the option to trail and be, or just one of those. I am still sleepy. What makes the EA more usable in different strategies.
What I really mis is the option to set tp/sl by box size (yes it was already stated before that this function is not available)
All the box breakout strategies I know depend, in one way or another, on the size of the box. Usually the size of the box at least detriments the TP of the trade.
I have the EA still running on demo to see how it handle trades further on
Will report back later
  • #204
  • Nov 7, 2018 1:44am Nov 7, 2018 1:44am
Major issues here are still: Trades sometimes not triggered, tried to fix this by setting max range to "false". Sometimes still will not trigger, kind of does what it wants.
What never happens, but is supposed to be done by the EA: Take the trade on the opposite direction if the first one does not go.

Basically similar problems as Pip has posted.
Fix up, trade sharp ...
  • #205
  • Nov 7, 2018 4:29am Nov 7, 2018 4:29am
@retina - some good ideas coming through and a few problems.

Let's say I decide to place multiple orders 24 hours a day on the breakout of every 60 min bar as an example. This would take some keeping tracking of - could pending/open orders be added to the box in the top corner ?

If this is a massive job forget it.
  • #206
  • Nov 7, 2018 4:39am Nov 7, 2018 4:39am
Quoting Hickson
Major issues here are still: Trades sometimes not triggered, tried to fix this by setting max range to "false". Sometimes still will not trigger, kind of does what it wants. What never happens, but is supposed to be done by the EA: Take the trade on the opposite direction if the first one does not go. Basically similar problems as Pip has posted.
Bit like the programmer then !

Is this not down to number of trades per day ?

How about we go back to basics and have a second ea that has no true/false options or anything clever - just the original settings. Keep developing the existing one of course. Just a thought.
  • #207
  • Nov 7, 2018 4:44am Nov 7, 2018 4:44am
Quoting claudia1
{quote} Bit like the programmer then ! Is this not down to number of trades per day ? How about we go back to basics and have a second ea that has no true/false options or anything clever - just the original settings. Keep developing the existing one of course. Just a thought.
Hi, lol ... yeah, I have the main issue with it that it will just not obey the rules. For example, it opened a cable BO on cable according to the rules ... fine. But a) it opened the trade 5 pips too late. b) it only took 10 pips and was clearly adviced to take 15 via settings.

Bottom line is: Sometimes it works, sometimes it does not. Which is not really something you can base your trading on. Nothing personal of course to 2222, it is great to have the skills to code such EAs and I clearly do not have them. Just speaking from the trader's side here, and we must be very practical and sober about it all.
Fix up, trade sharp ...
  • #208
  • Nov 7, 2018 4:50am Nov 7, 2018 4:50am
Quoting Hickson
{quote} Hi, lol ... yeah, I have the main issue with it that it will just not obey the rules. For example, it opened a cable BO on cable according to the rules ... fine. But a) it opened the trade 5 pips too late. b) it only took 10 pips and was clearly adviced to take 15 via settings. Bottom line is: Sometimes it works, sometimes it does not. Which is not really something you can base your trading on. Nothing personal of course to 2222, it is great to have the skills to code such EAs and I clearly do not have them. Just speaking from the trader's...
That has to be an MT4/broker issue as the advisor doesn't think for itself it does what the programmer tells it to do obviously.

Retina will be around this afternoon see what she has to say.

Agree with practical not so sure about the sober bit !

Said it before but we will get there.
  • #209
  • Nov 7, 2018 4:58am Nov 7, 2018 4:58am
Quoting claudia1
{quote} That has to be an MT4/broker issue as the advisor doesn't think for itself it does what the programmer tells it to do obviously. Retina will be around this afternoon see what she has to say. Agree with practical not so sure about the sober bit ! Said it before but we will get there.
looooooool ... of course you can have fun at the wine bar all night!

Inserted Video
Fix up, trade sharp ...
  • #210
  • Nov 7, 2018 4:59am Nov 7, 2018 4:59am
Quoting Hickson
{quote} looooooool ... of course you can have fun at the wine bar all night! https://www.youtube.com/watch?v=PIb6AZdTr-A
Looks like she just got a margin call !
  • #211
  • Nov 7, 2018 5:02am Nov 7, 2018 5:02am
Quoting claudia1
{quote} Looks like she just got a margin call !
I just did not give my number to my broker, so that can never happen ...
Fix up, trade sharp ...
  • #212
  • Nov 7, 2018 8:07am Nov 7, 2018 8:07am
I mean - when the it enters the trade - instead of a set take profit - can the EA automatically set the stop loss to the the other side of the range and a take profit the same size as the stop loss?
  • #213
  • Nov 7, 2018 8:10am Nov 7, 2018 8:10am
Quoting wannalearn12
I mean - when the it enters the trade - instead of a set take profit - can the EA automatically set the stop loss to the the other side of the range and a take profit the same size as the stop loss?
That should be easy. Retina will turn up at some point. She tends to do changes and just post an update.
  • #214
  • Nov 7, 2018 8:14am Nov 7, 2018 8:14am
Quoting wannalearn12
I mean - when the it enters the trade - instead of a set take profit - can the EA automatically set the stop loss to the the other side of the range and a take profit the same size as the stop loss?
In adtion:
It would be nice to have it in percentage. SL percent 100 would be full range of the box/bottom of the box when long, top of the box for short orders.
In that way it would be easy to tweak R:R settings
  • #215
  • Nov 7, 2018 8:19am Nov 7, 2018 8:19am
Quoting Timr89
{quote} In adtion: It would be nice to have it in percentage. SL percent 100 would be full range of the box/bottom of the box when long, top of the box for short orders. In that way it would be easy to tweak R:R settings
It works fine as is, I just drag the lines around where I want them.... just a thought from a lazy man.
  • #216
  • Nov 7, 2018 8:19am Nov 7, 2018 8:19am
I only asked because I am currently testing every single pair
  • #217
  • Nov 7, 2018 8:36am Nov 7, 2018 8:36am
Quoting wannalearn12
I only asked because I am currently testing every single pair
@ Retina - hey plenty ideas fight is on !
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  • #218
  • Nov 7, 2018 8:41am Nov 7, 2018 8:41am
Should have been a lot more than three trades, but I set it up when I got off work and most of them had already triggered. Also - starting with the highlighted trade, that's what it has taken so far. AUDJPY... should have been a BE... just was sleeping so couldn't set the tp and sl right
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  • #219
  • Nov 7, 2018 8:43am Nov 7, 2018 8:43am
Quoting wannalearn12
Should have been a lot more than three trades, but I set it up when I got off work and most of them had already triggered. Also - starting with the highlighted trade, that's what it has taken so far. AUDJPY... should have been a BE... just was sleeping so couldn't set the tp and sl right
Well stop sleeping problem solved.
  • #220
  • Nov 7, 2018 11:54am Nov 7, 2018 11:54am
Had the same problem that my eas dont take any trade.....
Added an option to activate the spread filter...be aware it is FALSE!
THE EA will now take a trade if the spread is unlimited high!
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Vucking good EA coder... https://t.ly/AZjRM
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