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Box Breakout indicator

  • #141
  • Mar 1, 2007 7:35pm Mar 1, 2007 7:35pm
Hi glenn 5t,

Glenn thanks for your help with Time1. I have it up & running @ this time.

Will keep you updated on the indicator. When Accrete gets it worked out
will be glad to share it.

AceTrader
  • #142
  • Mar 2, 2007 4:08pm Mar 2, 2007 4:08pm
Hi gang, got done with my "chores" and had some time to doodle on a project that i've been involved with that calls for daily Median line on the chart. I figured there was a way to code it into Hapalkos great Box5 indicator and here it is:

http://www.accrete.com/fx-mirror/mt4...MLexample2.gif

The indicator can be downloaded from here: BreakOut_BOX_5HML.mq4. I named it with the "HML" tag on the end of the name so we would know the difference.

Cheers,
Thom
  • #143
  • Mar 2, 2007 4:41pm Mar 2, 2007 4:41pm
Hi Accrete,

Check your mail as I have sent the details of the indicator.
Let me know what you think of the details & the validity of
this indicator. Thanks for your time & views.

AceTrader
  • #144
  • Mar 2, 2007 4:52pm Mar 2, 2007 4:52pm
Got it Ace, thx, hope you have a great weekend.
: ) Thom
  • #145
  • Mar 6, 2007 4:12am Mar 6, 2007 4:12am
Hi fellow traders...

i'm looking for a set of simple indicator ,i would like on today graph(ut 5mn):
1. the opening and the close of yesterday London session
2. the opening and the close of yesterday Tokyo session
3. the opening and the close of yesterday New York session
i have tried to tweak some of indicator such as box5 but without success.., i know i 'm really dumb...
if an angel could help...

thank's and anyway good hunt .. we are all looking for the Graal..
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #146
  • Mar 18, 2007 2:20am Mar 18, 2007 2:20am
First off I would like to say thank you for the TIME1 indicator, I am using the modified version. I am wondering if an alert could be added to it for when the box is done being drawn and the price breaks the upper or lowers of the box?
Cadillac Pippin
  • #147
  • Mar 18, 2007 7:54pm Mar 18, 2007 7:54pm
Quoting hapalkos
Glenn,

I really don’t have any specifics about best pairs or time periods in these lower time frames. I now mainly look at breakouts on the daily timeframe using Narrow Range 4 and 7. What I did do to the indicator is make changes so that the set times can now straddle 00:00. This allows an adjustable fixed measurement period before the Tokyo opening. Maybe this would be of some use.

I noticed your post in the Flexbox thread about originally posting TIME1_modified.mq4. I must have downloaded it then but did not remember where I got it. When I came across Markj’s request I thought of it and some previous work I had done on an Opening Range indicator. As TIME1 is the starting point for the BreakOut_BOX indicator I want to express my appreciation for your post.

hap
Hapalkos,
Will you please post your narrow range 4 and/or 7 mq4 indicator if you have them?
Thanks!
  • #148
  • Mar 18, 2007 11:08pm Mar 18, 2007 11:08pm
Quoting Poocher
Hapalkos,
Will you please post your narrow range 4 and/or 7 mq4 indicator if you have them?
Thanks!
When I first started working with MT4 I wrote an indicator to identify NR4 and NR7 days. If I find it in the old files I will post it. It worked OK but for some reason I never really liked it. I found that I much prefer identifying these days by using a spreadsheet.

If you want to learn more about Narrow Range days, I suggest Chapter 19, Contraction in Street Smarts by Raschke and Connors.
  • #149
  • Mar 19, 2007 10:31am Mar 19, 2007 10:31am
Thanks Hapalkos,
I have a good system but loosing trades have signal bars that are big so want a exact method for filtering those signals out. Been trying all forums and groups over the weekend but still no luck. Some kind soul will fix me up!
  • #150
  • Mar 19, 2007 10:40pm Mar 19, 2007 10:40pm
just curious why your london open indicator has the default open as 10:00 gmt - doesn't london open at 8:00 gmt?

forgive my ignorance.
  • #151
  • Mar 19, 2007 11:06pm Mar 19, 2007 11:06pm
Quoting lonespruce
just curious why your london open indicator has the default open as 10:00 gmt - doesn't london open at 8:00 gmt?

forgive my ignorance.
I don't know if you are referring to the indicator i posted above but my broker at the time was at GMT+2 (Daily candle close at 5pm NY). . . so London 8am would be 10am my server time.

: ) Thom
  • #152
  • Mar 19, 2007 11:18pm Mar 19, 2007 11:18pm
Thanks Thom,

My broker is at GMT +0 so I guess that means I would adjust to London market hours in terms of GMT - so i would use 8am would i not?

Quoting accrete
I don't know if you are referring to the indicator i posted above but my broker at the time was at GMT+2 (Daily candle close at 5pm NY). . . so London 8am would be 10am my server time.

: ) Thom
  • #153
  • Mar 19, 2007 11:26pm Mar 19, 2007 11:26pm
yup that adjustment should do it. . . although things are kind of crazy right now with UK not having sprung forward as the US has.

I wish all the clock and bean counters would just set it what ever way and leave it! Each year i have to laugh about how long it actually takes for me to tweak all the clocks (including the four on my desktop) when we change in fall and spring.

: ) Thom
  • #154
  • Mar 20, 2007 12:43am Mar 20, 2007 12:43am
Yeah no kidding! Here in Canada there was a big stink because the US moved the clocks early this year - and of course we had to follow suit since our trade with the US would have suffered.

What a joke!

Quoting accrete
yup that adjustment should do it. . . although things are kind of crazy right now with UK not having sprung forward as the US has.

I wish all the clock and bean counters would just set it what ever way and leave it! Each year i have to laugh about how long it actually takes for me to tweak all the clocks (including the four on my desktop) when we change in fall and spring.

: ) Thom
  • #155
  • Dec 30, 2007 3:19am Dec 30, 2007 3:19am
Hi Accrete,

Well done, I really like your concept of breakout box system that really work on my daily trading and allow me to get back my losses in earlier trading.

What I'm still currious is that whether any possibilities to make any expert advisor based on your $TrillionEntryBoxes.mq4, so we can trade automatically, furthermore, we can as well assign breakeven and/or trailingstop to make it more sofisticated.

I really appreciated all of you guys in this thread, which is much helpful for all or us.

Thanks a lot and have a nice Merry Christmas and New "Properous" Year.
Jodie Forex at its Best
  • #156
  • Dec 30, 2007 5:30am Dec 30, 2007 5:30am
I trade three forex systems. Two are ESignal platforms with TopGun system. I trade one Metatrader platform and the system I do very well with is the break out system. What make this system appealing is the two indicators I rely on, the xpMA indicator and the Parabolic SAR.

This is my 1H EUR/USD with two indicators that assist me nicely. The xpMA indicator line is in 3 colors. Blue for up, Maroon for down and Yellow for sideways. I am attaching the indicator and settings. I also use the Parabolic SAR with standard settings. The Parabolic SAR is part of your MT4 standard indicator package. For instructions on the trading system I use, go here--> http://www.forexfactory.com/showthre...ighlight=EAGLE.

If my Parabolic SAR is going up and so is my xpMA, I look for a breakout going up. In the example shown below, a breakout started going down and I did not take it. I waited for the reverse and then the breakout which allowed me to capture my 25 pips.

My intentions is not to hijack this thread by showing you a different system, but to introduce you to the xpMA and Parabolic SAR indicators to compliment your system.

I am a big lot trader and I am just looking for 25 pips.

Attached is my 1H chart, xpMA indicator, settings for xpMA and Parabolic SAR.

If you have success with this system, shoot me a pm.


Wishing you a Happy New Year
Attached Image (click to enlarge)
Click to Enlarge Name: My Chart.png Size: 33 KB
Attached Images
Attached File(s)
File Type: ex4 xpMA.ex4   10 KB | 2,956 downloads
File Type: mq4 xpMA.mq4   10 KB | 4,072 downloads
  • #157
  • Jan 1, 2008 3:38am Jan 1, 2008 3:38am
Well, anyway Merry Christmas and Happy New Year for all of you guys.

Hi WHTenn, the best is if there anyone can make it together into an EA, so we can have breakout box, which then both xpMA and PbSAR will do confirmation for us to enter the market.

Hi Accrete, it's perhaps could be your way out to finalized your EA.

Could someone here show me the best breakout EA could we use for real trading with our real account please?

I'll appreciate you accordingly.

Thanks.
Jodie
Jodie Forex at its Best
  • #158
  • Jan 2, 2008 12:55am Jan 2, 2008 12:55am
Quoting hapalkos
I added the range to the screen text demo that I poster earlier.
How does this look?
I do not see the range value mentioned, can you advise which is the parameter set to display the range value?
I'm just moving clouds today - tomorrow I'll try mountains.
  • #159
  • Jan 7, 2008 9:31pm Jan 7, 2008 9:31pm
Jody - there is a break out EA at the following thread:
http://forexfactory.com/showthread.php?t=51365

Good trading

Patti
  • #160
  • Jan 8, 2008 7:24am Jan 8, 2008 7:24am
Hi Patti,

Thanks a lot, just wanna have a look at it for sure.

Nice Trading as well,
Jodie
Jodie Forex at its Best
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