Generic Breakout V5

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I dont know if this has been discussed before, looked through the thread and cant find anything..

I have 5.5 loaded and working as far as I can see be when the price moves to the red line the upper/lower range line it moves away from the price....so the price does not cross it and procced to the green line order line...therefore it never takes a trade..

I assume I have a setting wrong could someone point me in the right direction...

EA's still finding the range...

Yes as far as I can tell its working fine....except for the fact it pushes the range line in front of the price.....

What times have you set?

With Dukascopy lowering their minimums and now offering MT4 and trading 10,000 lots, a low of traders should be transferring their accounts to this ECN broker.

I hope the next version works with ECN type Brokers.

Thanks

Hi Ronald,

Please refer picture attached.

Although has breakout but no trade was opened.

Thanks.

Should I set the time in GMT? I have an error message about time when i try to run it. (im using v6)

Any attempts in the Experts Tab or Journal Tab?

What's the error message?

time outside of trading range

Do you mean "Outside Trading Times"?

I think so yes, do I just put the time in GMT or does it have to be EST?

Broker time.

With breakout v6, there are two sets of times: One to define the range, and another to determine when the EA takes a trade.

Hi Ronald & All

I'm looking for someone to program an EA based on the New York Box indicator. It's a breakout indicator based on the NY Open. I would use the same EA by adjusting the time for the London & Asian Opens as I have similar indicators for both other sessions. I've attached all 3 indicators. It looks like your generic breakout is pretty similar and there's no need for buy stop & sell stop trades to be opened.

I've been using the New York Box for a couple of years and it works great except you need to set up the buy stop & sell stop trades for each pair.

The New York Box gives the entry price, tp1, tp2, tp3, and the stop loss and it's all user controlled. That means the trader can determine the margin above or below the box range as well as the TP depending on trading style. I don't use the TP2 & TP3 although the indicator allows for it. It's a lot like your generic breakout but I like having the buy & sell parameters on the screen.

If you're interested please let me know, I've been looking for someone to program this for awhile.

Thanks in advance for any help or advice offered.

Jim (MrChips)

I could just about handle that, based on 1 of Ronalds eas.

Could you post a chart showing what you use from say the asianbox indy.
Maybe even show trades you have done, good & bad.

cheers scalpz

Anyone using v5 or v5.5 live could share results?

i would like to ask this..
i have downloaded the generic breakout v5.5..
shouldn't the ea, place pending orders after the end of the formed box????
it doesn't to me.. do i do something wrong?? or this ea doesn't do that??
regards

EA uses "stealth pending orders". That way, the broker doesn't see the straddle.

wow a lot of settings.

I'll play with it for an asian breakout