Convert this indicator into an EA, that trades

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.

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:



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

Can you explain the indicator in detail so it will be easy to make the EA. It would be better if you place the screen shots of each buy and sell. Stop loss and Take profit targets.

Sure.


The indicator is a breakout strategy based. The bluebox is created when the indicator detects a "breakout" pattern. The greybox comes into existence after the price breaks out based on the indicator's strategy. However, we don't intend to care about this.

The EA should be like indicator completely, meaning we should have all of its settings, parameters (able to change the EA's settings of breakout box strategy, like in the indicator's settings basically).



So, as you can see in the above picture. There's only one box *bluebox* at the recent price. The second box *greybox* is created after some candles, according to the indicator.

I trade differently. The EA should detect whether the price has gone to the entry level *green price*. If it did, we don't trade that direction of the box, but the other direction. In case, the price didn't go to any entry level *green price*, the EA places trades at both directions (buystop and sellstop). Likewise, if one direction is triggered, places the trade in the other direction. And we don't trade twice in the same direction, meaning after the the trade is triggered in the given direction, we don't re-enter (place trade) again in that direction. We wait for new box to enter in that direction again. Also, we can apply the EA on the chart, and we'll be already late. For example, both directions could be triggered, meaning the price hit the entry level price, and there's also a second box *greybox* on the chart, in a case like this, the EA should wait for new box, and then place trades.

The trades (buystop and sellstop), their price will be automatically changed by the EA in case the box slightly repaints, which it does, so then the EA should adjust the trades to the new prices.

If in case neither direction is triggered, and a new box *bluebox* is formed, the EA should delete previous trades, and place new ones instead.

To summarize: We only care about the bluebox. The EA should basically just place trades at the directions where the price didn't go out of the box and hit entry price. If one direction is hit, just place in the other direction. If both are hit, wait for new box. (bluebox) And also EA should constantly change the trades' price to the entry prices that box shows.

For TP and SL, I use different EA. 5 pips SL and 15 pips TP. Fixed. That's it.

I hope I cleared it properly.

I find this indicator very interesting part of my arsenal, I trade breakouts too. I hope someone can reach out to you. Thanks for the indicator though.

Thanks, mate. You're welcome.

This indicator was created based on Forexhard SSBO system, you can find some ea's here: https://www.forexfactory.com/showthread.php?t=302007

It's not the same. But thanks.

I trade differenly.