Greetings, esteemed community!
The one cannot be forced, except by the will of the one to do something. Universe is full of mystery and wonder. Every now and then, life never ceases to surprise us.
I have a hard time trading with this indicator, as I have to be attentive to it the entire day--which prevents me from being productive in other aspects of life. I hope I find someone who can do me the favour, for which I'd not just be grateful but rather be obliged to repay the favour in wonders, if life renders the favourer in seek of favour.
The indicator is attached. I hope someone can convert this indicator into an EA, that trades.
As you can see above, the indicator creates boxes of breakout. I, however trade differently than what indicator intends the strategy to be.
EA trading criteria:
- When the EA is applied to the chart, there can be 'bluebox' on the chart, and the other box, which is greybox yet to be created, meaning the breakout hasn't happened yet. The second box comes into existence after breakout based on the parameters of the indicator.
I trade differently.
Case scenario:
- I'd want the EA, once applied to the chart, to see if there is already breakout done (meaning two boxes present together on the chart).
- Check the direction it broke out in. If the direction it broke out in has triggered the 'entry price' the box shows, we do not trade in that direction, but rather look to trade in the opposite direction.
- We trade in buy or sell direction one time, meaning we don't enter in the buy direction twice.
The above case scenario is when the EA is applied, and there's already one of the directions traded, or both, and a new box is yet to be formed.
- The EA should basically place buystop and sellstop at the entry price that the box shows. But if the direction of the box is triggered, meaning the price went upto the mark of entry price, the EA should disregard that direction, and place the trade in the direction that isn't yet triggered.
- Once the new box is created on the chart (bluebox). We consider only bluebox, for our trades. So, when new bluebox is created, the EA should delete previous trades, and place new trades at the new entry levels.
- The box could slightly repaint, so the EA should constantly change the trades' prices to the entry levels.
- The EA should have all the settings, parameters of the indicator.
This picture should give you the clear picture:
The entry price here is the "red" price, and green is stoploss showed by the indicator.
Thanks a million. I hope I come across a kind soul to reach out unto me, and assist me with this. I'd be ever grateful for this most sought help.
Regards,
Aqwerk
The one cannot be forced, except by the will of the one to do something. Universe is full of mystery and wonder. Every now and then, life never ceases to surprise us.
I have a hard time trading with this indicator, as I have to be attentive to it the entire day--which prevents me from being productive in other aspects of life. I hope I find someone who can do me the favour, for which I'd not just be grateful but rather be obliged to repay the favour in wonders, if life renders the favourer in seek of favour.
The indicator is attached. I hope someone can convert this indicator into an EA, that trades.
Attached Image
As you can see above, the indicator creates boxes of breakout. I, however trade differently than what indicator intends the strategy to be.
EA trading criteria:
- When the EA is applied to the chart, there can be 'bluebox' on the chart, and the other box, which is greybox yet to be created, meaning the breakout hasn't happened yet. The second box comes into existence after breakout based on the parameters of the indicator.
I trade differently.
Case scenario:
- I'd want the EA, once applied to the chart, to see if there is already breakout done (meaning two boxes present together on the chart).
- Check the direction it broke out in. If the direction it broke out in has triggered the 'entry price' the box shows, we do not trade in that direction, but rather look to trade in the opposite direction.
- We trade in buy or sell direction one time, meaning we don't enter in the buy direction twice.
The above case scenario is when the EA is applied, and there's already one of the directions traded, or both, and a new box is yet to be formed.
- The EA should basically place buystop and sellstop at the entry price that the box shows. But if the direction of the box is triggered, meaning the price went upto the mark of entry price, the EA should disregard that direction, and place the trade in the direction that isn't yet triggered.
- Once the new box is created on the chart (bluebox). We consider only bluebox, for our trades. So, when new bluebox is created, the EA should delete previous trades, and place new trades at the new entry levels.
- The box could slightly repaint, so the EA should constantly change the trades' prices to the entry levels.
- The EA should have all the settings, parameters of the indicator.
This picture should give you the clear picture:
Attached Image
The entry price here is the "red" price, and green is stoploss showed by the indicator.
Thanks a million. I hope I come across a kind soul to reach out unto me, and assist me with this. I'd be ever grateful for this most sought help.
Regards,
Aqwerk
Attached File(s)
sqDynamicBreakoutBox.mq4
39 KB
|
416 downloads