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Attachments: Generic Breakout V5
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Generic Breakout V5

  • #161
  • Feb 24, 2010 6:52am Feb 24, 2010 6:52am
Instead of this EA only basing it's range between times, could it instead base a possible breakout trade if there is a range between 'x' amount of bars.

EG: Within the time that has been set for taking trades, the EA would check the last 9 bars (user defined) have ranged and not exceeded 25 pips (user defined), then business as usual.

Also, with the above in mind, have the opportunity to counter trade if price reversed?
Luck is where preparation meets opportunity.......
  • #162
  • Edited 1:23am Mar 20, 2010 1:11am | Edited 1:23am
Hi Ronald Raygun and everybody.

I just found this EA and it's somthing like this i have been looking for a long time now.

But it doesn't work. I use Alpari UK (5 digit broker) and i have been trying to backtest some test-settings just to see how it works but no orders at all is placed by the EA.
What i want to do is to breakout from the previous days high and low. Meaning i would like to place orders at the previous days high and previous days low at 00:00.

I have made a .set file and attached it to this post. Unfortunally FF doesn't allow attaching .set files so i was forced to rename it to test_1.txt.
To load it's settings into the EA please rename it to test_1.set.

I have tryed everything... run it on daily chart, 5 min chart, 1H chart, 15 min chart and even 30 min chart. But what ever i do i just can't get it to work.

Please help me. What am i doing wrong? Why does it not work?

Regards / JoLi
Attached File(s)
File Type: txt test_1.txt   2 KB | 603 downloads
  • #163
  • Mar 20, 2010 6:51am Mar 20, 2010 6:51am
Won't work, the EA will only trade intra-day breakouts.
  • #164
  • Mar 21, 2010 6:38am Mar 21, 2010 6:38am
Quoting Ronald Raygun
Won't work, the EA will only trade intra-day breakouts.
I understand. Thank you for the fast reply.

Regards / joLi
  • #165
  • Mar 24, 2010 1:45am Mar 24, 2010 1:45am
HEY RR

Did a GenericBreakout vs 6 ever come out?

What post number has the latest vs cause there are so many here and i think I have the wrong one.
thx

Luv your work bro.
  • #166
  • Mar 27, 2010 9:15pm Mar 27, 2010 9:15pm
great ea.

Is it possible to add the ability to optimize for the breakout settings start time and end time?

thanx
  • #167
  • Mar 27, 2010 10:12pm Mar 27, 2010 10:12pm
Quoting panguFX
great ea.

Is it possible to add the ability to optimize for the breakout settings start time and end time?

thanx
Version 6
  • #168
  • Mar 27, 2010 11:08pm Mar 27, 2010 11:08pm
Nice EA Ronald, I'm working on something similar, and use the same thing you are using for breakouts the ihigh and ilow, if I find something useful will try to share with you.

Regards,

F4p
  • #169
  • Edited 9:57am Mar 30, 2010 8:48am | Edited 9:57am
Quoting Ronald Raygun
Ok, this took longer than I had anticipated, but here is the master candle based EA.

Just set the maximum range allowed for teh master candle and the EA will scan back until it finds one.
Hi Ronald, Great job you are doing on FF in assisting fellow traders.
Will you be so kind to add the slope direction line in the EA.
The master candle will only trade in the direction of the slope direction line and add another exit when the slope direction line change color.Everything else remain the same.
Thanks in advance
Best regards
Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 632 downloads
File Type: mq4 MasterCandle.mq4   15 KB | 714 downloads
  • #170
  • Edited 9:22pm Apr 18, 2010 9:08pm | Edited 9:22pm
This is best Breakout EA ever I found so far
Thank you so much for your hard work for fellow traders.

I have a opinion of adding Stop loss option.
Could you add option to choose high / low price of the range as a stop loss?

Something like,
Enter the trade at 10pips above high of the range
with stop loss at low price of the range looking for various TP.

Thank you~
  • #171
  • Apr 19, 2010 8:46am Apr 19, 2010 8:46am
[quote=deepermind;3649046]This is best Breakout EA ever I found so far

Something like,
Enter the trade at 10pips above high of the range

There's already a pip buffer in the ea for the above.
Regards
  • #172
  • Apr 22, 2010 9:30am Apr 22, 2010 9:30am
well i was developing a generic breakout EA, but i think i will analyze and try to learn something from this EA instead

Good job RR
  • #173
  • Apr 27, 2010 12:38pm Apr 27, 2010 12:38pm
also we need an option to place the order on close of the last candle in the range, rather than at high or low of the range. the buffer should be a percentage of the range rather than a fixed 10 pips
  • #174
  • Apr 28, 2010 4:34pm Apr 28, 2010 4:34pm
Hi Ronald.

Would it be possible to add some kind of timefilter so, if set to 18:35 or something else, the EA closes all open trades and all open orders etc.

I tought that the ResetTime should do that but it's not, it seems that it only reset the measurament of time for the breakout. An open trade is not closed out but instead it keep on going until it hits either the stop loss or take profit.


Regards / JoLi
  • #175
  • Sep 27, 2017 7:16am Sep 27, 2017 7:16am
kores daily breakout ea in post 113 is the best expert for breakouts I have come across. sadly the only thing it is lacking is a moving average trade filter. Does anyone know how to add this. seen them on other box breakout expert advisors
  • #176
  • Jun 1, 2018 7:18am Jun 1, 2018 7:18am
no latest updates
Success is a Journey Not a Destination....... kind regards ramzam
  • #177
  • Last Post: Oct 21, 2019 2:49am Oct 21, 2019 2:49am
Quoting kore
Hi RR -- nice work... I was backtesting and found that no long positions were being opened, with an error 130 (invalid stop level) in the journal. Upon further inspection I found that the problem was with the %range stop loss, specifically dividing the %range by 100 (an int) instead of 100.0 (a float). The attached version fixes this bug, it didn't seem to affect the TP levels or Short orders, but I fixed it in all 4 locations anyway. There was another bug on line 353, was "> StopLossLevel", but should be "< StopLossLevel" Also I didn't understand...
Wonderful EA
I think what should be added to perfect the EA further is the condition to stop trading for the day once TP has been hit.
Im no coder otherwise i would have added such a line to the code.
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