The Lobster - Volatility Breakouts - EA Reqd

Here is a very robust method I use to spot breakouts. I am willing to share all my parameters for this method, including trade management, pairs, timeframes, settings, backtest results, etc, in return for someone coding an alarm for me/us. I need both an audible and email alarm to go off on the candle close when the Bollinger bands pass inside the Keltner channels. I have included the Keltner Channel indicator and the Bollinger bands come with the MT4 platform. Here are some pictures of the method. You could just take the idea and make a profitable method if you want, but I'm willing to share all of that information freely if someone can code an alarm.

If you are going to code it, know that the moving average is the same for the BB as for the Keltner channels.

This is actually a support/resistance trading method, I only use this combo to tell me when the market is primed for the setup. I have put a lot of time into testing this method and it is very durable. I would appreciate help creating an alarm and it will be beneficial for everyone.

If you're going to hate on me about withholding the benefits of my hard work, remember that we are all traders, and I am "trading" the results of my labor for someone else's coding skills. Fair enough?

think it might be useful if you actually put the settings used for the keltner channel and the system rules...

It can be coded either way. I'm looking for just an alarm, not an EA. Thanks.

I love the food. I like the name - very appropriate.

This was a very simple mod to code and I have done it. I will test it tonight and PM you tomorrow.

I did some work on BB breakouts several months ago and couldn't quite find the right combination. This looks a little more promising than what I tried. I can understand why you don't want to make an EA. There are many false signals generated. I am sure you have some means of filtering and I trust you will share it with me.

Thank you, I figured that it would be a simple coding project. Once we have the proper alarm, I will repost the entire method with all the relevant information in the system forum for all to use. It is difficult to trade without the alarm, and this way everyone can use it better. A lot of methods die out because although profitable, they cannot be practically traded.

It is much better to not post until all the pieces fit together and we have confidence in our efforts.

hey hxcjf.... so you want a single alert/email on the bars with arrows in this picture.....h

Yes, exactly...but it would be good if it only did it once every X periods (say if the alarm went off anytime in the last X candles, it would not go off again). Otherwise you could get bombarded.

hey hxcjf..... yes, did notice quite a few times on the 5 minute charts where signals came in relatively close to each other..... mostly when the bands and channels were flatlining.....

looks like a good candidate for a breakout system.....h

yes, it works very well to spot breakout opportunities

hey hxcjf..... just curious if yall are making any progress..... it seems to spot potential breakouts on a consistant basis.....h

......h

I've been away for a bit, but that looks really good Hayseed. If you want to post it, I'll look over it and make sure that it'll work for this method, and then post the whole enchilada in the system thread.

Thanks,
Hxcjf

Any update on this indicator/EA ?

Thanks

What ever happened here?? Seemed like a great strategy in the works.

Ok, this vol/breakout strategy does intrigue me, but it also looks like this thread is dead. However, if the originator is still interested, I have written the required indicator with alerts.

If you are still following this up, I'm happy to pass on the indicator and/or disscuss it further as I would be interested to see how you trade this strategy.

Thanks
J

Let's make it live again