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Box Breakout indicator

  • #161
  • Jan 8, 2008 8:07am Jan 8, 2008 8:07am
The break-out box is one of the most helfpul indicators. Thanks a lot to the coders and everybody who contributed to develop this tool. Yo can clearly see the daily candles within a one hour timeframe.
A very interesting part for me is also the dashed yellow line (median price), which can easily coded as central pivot level. The advantadge of this is: you get the pivot-level from yesterdays price action and the pivot level after the London session for the NY session.
/ ... clarifying decisions ... /
  • #162
  • Jan 9, 2008 9:28am Jan 9, 2008 9:28am
Hi All,
I have read the thread. Downloaded the indicators. I am somewhat familiar with Box Breakouts but have a few questions. They may have already been asked and I just passed over them...if so, please direct me to the post.

I applied the indicator to my chart and watched it through the Asian and London sessions last night and this morning.

???? At what point does the box stop expanding? I was watching the G/Y on a H1 TF and it went up 100+ pips and retraced the same and more and the box kept expanding. I took the trade based on other criteria, but according to the Breakout rules I would have waited till it clears the box to enter the trade. If I would have waited on the box and the rules, I would have picked up about 46 pips @ 04:00 EST instead of the 200 I did make.

I love this system, but am I missing something or do I have something not set up correctly.

Thanks for your time and this great indicator.

Mike G
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 22 KB
  • #163
  • Feb 21, 2008 8:30am Feb 21, 2008 8:30am
I have used the BreakOut_Box indicator for a while, and have found it very useful. Recently I have noticed that it doesn't delete old boxes. In other words, if you set the number of days to 5, the number of boxes increases on your charts to 6, then 7 each day. Is there a setting I have missed here? The code makes a lot of references to deleting boxes, but I have seem to have missed something out, and am ending up with surplus boxes across all time frames. Or perhaps there is some code I can add to the existing code that will automatically delete them? But nevertheless full marks to the originator for producing a most useful tool.
  • #164
  • Apr 17, 2008 7:21am Apr 17, 2008 7:21am
Does any of these copies allow you to create a box across two different days. Say from 2000hrs to 700hrs the following day? I find the 24th hour of every day provides some difficulty when it comes to creating boxes!!!
  • #165
  • Oct 21, 2008 6:53am Oct 21, 2008 6:53am
Hi ! I am using a simple indicator called pip brakout.
I really need a simple thing.
Please take a look at the chart I have attached .
I need an Indicator that can draw a box AND
I need also that an Indicator will draw the intra-day
range of today's High and Low...
this is a dynamic range that changes according to price movement.
May be with the BreakOutBox5 I will be able to to that
Thanks again
david
Attached Image (click to enlarge)
Click to Enlarge Name: indicator.gif Size: 77 KB
  • #166
  • Feb 19, 2009 2:54am Feb 19, 2009 2:54am
Quoting mono
You might want to use this for additional info.
I love your data provider software.Please can you shed more light both on the entry and exit rule strictly by using your data provider software.Thanks
we cannot succeed without a well defined risk management.
  • #167
  • Feb 19, 2009 2:58am Feb 19, 2009 2:58am
Quoting Markj
This indicator is beyond my development experience so I'm hoping someone may be able to help with the development of it.

I am trying to develop an indicator that looks similar to the image attached. It needs to draw a variable high and low from Period A to period B where at period B the High and Low become the constant High and Low line price for the rest of the day.

It then needs to add a window period above the High and Low that can be a variable that can be changed.

So basically needs to draw a Box from point A to B with additional window...
Iam sorry to take you back.Please can you explain very briefly how to use ur breakout box nethod for entry and exit.I asked bcos iam new to box trading.Thanks
we cannot succeed without a well defined risk management.
  • #168
  • Mar 10, 2009 7:23am Mar 10, 2009 7:23am
Quoting toddanderson
I found this on a differant thread and that why i was looking for the pip
range on the box. I am not sure how correct this is or it there is something like this for other pairs.
Has anyone seen anything current on the % of pips ?


Member
Join Date: Aug 2006
Posts: 912

[font=Times New Roman][size=4][left]This is some information I have on gbpusd. Still needing to tweek it but have come up with some
interesting and helpful tips.
When it moves 0-9 pips from the days opening the probability of it...
toddandersonn

Do you have any latest information about the pips movement and reversing the trend with same kind of table? Appreciate if you could give a link or make a post.

Thanks.
very useful . I have been using it. But lately it seems
  • #169
  • Jun 22, 2009 1:12am Jun 22, 2009 1:12am
Hai, It is great strategy. but don't you think we need to shift the time (+1 hr) for now? becuase this breakout is analising The High and Low from the japanese open at 9AM GMT+9 (Japenese Time) to Japenese Lunch time 12PM GMT+9. Mean, we need to shift forward 1hr when western time is in DST. I think FXDD is in DST right now. What do you think guys?
  • #170
  • Jun 22, 2009 3:23am Jun 22, 2009 3:23am
Quoting kissaki
Hai, It is great strategy. but don't you think we need to shift the time (+1 hr) for now? becuase this breakout is analising The High and Low from the japanese open at 9AM GMT+9 (Japenese Time) to Japenese Lunch time 12PM GMT+9. Mean, we need to shift forward 1hr when western time is in DST. I think FXDD is in DST right now. What do you think guys?
Sore wa ii desu
  • #171
  • Aug 7, 2009 2:47am Aug 7, 2009 2:47am
2 useful indicators!
Attached File(s)
File Type: mq4 FlexBox_Indicator(original).mq4   3 KB | 6,916 downloads
File Type: mq4 FlexBox_Indicator(mod).mq4   3 KB | 7,435 downloads
  • #172
  • Nov 8, 2009 3:53am Nov 8, 2009 3:53am
Quoting hapalkos
I added the range to the screen text demo that I poster earlier.
How does this look?
The code doesn't seems to look like the picture on post 83 after I tried, can you post the one with pip range hapalkos?
  • #173
  • Mar 8, 2012 4:22pm Mar 8, 2012 4:22pm
Quoting droesparky
I did a little back testing on the asian box breakout.
simple rules, 20 profit target, 30 stoploss, entry at box break +5 (covers myspread). If up by 15 move stop to B/E.
worst month I had so far is +80 pips
best month was +222
I was very strick with my backtest keeping the rules
ONly about 6 months of backtest so far.
Im gonna try it again with a 20 pips stop and see how it turns out.

222 dont sound like much, but its better then Ive done on a lot of months real trading.
Droesparky ,what was your session & box end settings with your backtesting ?
  • #174
  • Mar 14, 2012 7:12am Mar 14, 2012 7:12am
Hi there,

Sent you a PM for more information on break out BOX settings. Please respond thanks.

Sharemaster2
Born to rule my Economic World and Make a Difference!
  • #175
  • Mar 14, 2012 8:57am Mar 14, 2012 8:57am
I did not receive the PM , where did you send it to for me to look ?
  • #176
  • Apr 29, 2012 2:30am Apr 29, 2012 2:30am
Quoting glenn5t
et_phonehome_2

T3 indicator...( thanks to Thom)
My setting's are 8 and 0.618

I also use two MA's to confirm as in my chart posted yesterday.

You may find more success trading the London opening if you wait for the close of the 8 hour box....then when the 9th candle passe's the box range and confirms with a new 15 min candle open a trade.


Glenn
Hi all,
Glenn can you please share the indicator that plots the dots at swing high and swing lows.
If anyone has this indicator please share.
Cheers
Attached Image
  • #177
  • Edited 12:50am May 13, 2012 12:25am | Edited 12:50am
Quoting coastie
Hi all,
Glenn can you please share the indicator that plots the dots at swing high and swing lows.
If anyone has this indicator please share.
Cheers
Hi Coastie
Here you go
I don't know if it is exactly the same but it looks the same
Attached File(s)
File Type: mq4 SupportResistance~.mq4   2 KB | 3,188 downloads
File Type: ex4 SupportResistance~.ex4   4 KB | 2,045 downloads
Have a nice day
  • #178
  • Mar 17, 2015 3:34pm Mar 17, 2015 3:34pm
Hi all,

I found a breakout indicator that is working really great (attached). It gives you a visual representation of a breakout. What would make it even better is if it sent a text alert when there is a breakout. I tried to modify the code but I'm not really a programmer. Can anyone help?

Thanks in advance.
Attached File(s)
File Type: ex4 breakout-zones.ex4   15 KB | 4,101 downloads
File Type: mq4 breakout-zones.mq4   7 KB | 6,627 downloads
  • #179
  • Nov 23, 2016 9:00pm Nov 23, 2016 9:00pm
Quoting hapalkos
{quote} 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.
can you pls send me the nr4 & nr7 indicator for mt4 ........
[email protected]
  • #180
  • Jan 30, 2018 4:24am Jan 30, 2018 4:24am
These threads may be of interest

https://www.mql5.com/en/forum/180240
https://www.mql5.com/en/code/7993
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