A Simple London Breakout

Hi there,

Here is bunch of small "helper" scripts for those who manually trade.
They are not tailored especially for the LondonBreakout strategy, but i found them pretty handy!!!
Designed for light-speed trading!

"_Buy@market" and "_Sell@market": instant buy/sell with SL/TP

"_Move TP" and "_Move SL":
drag the script on the chart at the price level you wish your new TP(SL) to be set, and it will change the buy/sell open orders accordingly.
I love those "magic" hints!

"_Move to Break Even": well... you understand what that means... it will include spread so you don't loose...

Enjoy!
Sq.

I just fired the EA on GU and EU with default settings, just updating the objPrefix to fit my current Indi, and use 2 different MagicNumbers just in case...
So, with OCO and half-close.

What is the "break even profit" input actually doing ?

GU fired buystop+sellstop right away
EU still not entered any trade as price is in the "grass" at the moment...

I wonder if it should at least try to place the "other side" pending order ? Well, it should fire both orders once it gets back into the "net" of the "tennis court" ... we'll see...

Let's see what it will grab me by tomorrow morning !

And see if it updates the the orders when the new box gets formed in the morning...

Sq.

The robot attempts to add these pips to the breakeven stop loss to lock in a few pips profit in the event of a retrace before the price gets to tp.

today lots of losses in the beginning... but recovered some in the end. overall a big losing day

Thanks for the EA Steve....like it very much.
I don't use OCO but all orders with my V8 settings executed very well.



http://i937.photobucket.com/albums/a...n123456/LB.jpg

could you advise us where you are getting your entry. tp/sl points from as they don't seem to match up with mine

thanks

hi i want to thank SteveHopwood for these wonderful ea. I am using the latest ea. but i have a problem. in my attached image, g/u had advance entries. i dont know why it did it. eventhough the breakout time (3-6gmt)has not yet occured.

can somebody help me with these? thank you.

kesterpogz

here's another problem. pairs that is greater than 50 pips still open trades, my settings in ea is maximum of only 50pips. see the image below.

Thanks for the bug reports, guys. The box size thingy was me forgetting to add the auto-adjustment for 4 digit criminals - it seems to be working now.

sq found a big bug in the half-close code.

I have added a LondonCloses input.

I have this bot on my live account, but I suggest people hold off until we are certain there are no more bugs.

To all:

half-close code is still wrong in the latest bot (previous post from Steve).

A new EA will come out soon.

Sq.

wow that was fast squalou!

Hi Kesterpogz,

The next EA will have the trading hours and maxsize stuff included.
Patience...

Sq.

I like where this thread is going....

Here is version V9 of the Indicator:

- indicator Input parameters can now be dynamically modified by directly changing the input values in the system GlobalVariables(F3);
StartTime, EndTime and SessionEndTime can be entered as hhmm integer format (eg 700 for 07:00)

The Indicator will automatically redraw itself when it detects the changes;

The main interest of this version is that it will take advantage of the "London Breakout Input Calculator" script that is also posted here:

This script will compute the Indicator's Input parameters that reflect the MaxEntryDistance/MaxTP/MaxSL values that you input in the Calculator script.

- MaxEntryDistance: max distance in pips of buy/sell Entry prices from the MEDIAN PRICE of the Indicator blue/red box;
The typical max entry distance would be set to MaxBoxSizeInPips/2 taken from the Indicator Inputs;
- MaxTP and MaxSL: expected MaxTP and MaxSL in pips;

This is a more practical way of determining the Indicator Inputs.

The script automatically CHANGES the corresponding GlobalVariables(F3).

If you use Indicator V9, then it will AUTOMATICALLY UPDATE its input settings based on the new values computed by the Calculator script, and redraw the box and fields;

AND this will also make the EA AUTOMATICALLY UPDATE its settings as well!

So, the idea is:
-1- use the Calculator to setup your MaxEntryDistance/MaxTP/MaxSL levels;
-2- Indicator V9 and EA automatically adapt to the new calculated settings.


Please wait until the next EA version coming soon to take full advantage of these improvements -- the EA does not yet take into account the EndTime and SessionEndTime parameters; it will do soon!

Enjoy!
Sq.

With Squalou's agreement, I am gracefully bowing out of coding the trading robot. Sq is going to take over this.

Sq has some fabulous ideas for developing the bot; by taking this over, he can accommodate changes in his indi within the robot.

We are going to finish up with a fantastic trading package here.

I shall thank you for "dubbing" me, Steve...



Sq.

Ok guys,

Here is my first release of Steve's EA...

Steve Hopwood's London session breakout auto-trading robotV2.mq4

- it will stop trading and CLOSE ALL ORDERS at SessionEndTime set in the Indicator;

- it uses MaxBoxSizeInPips set in the Indicator: it will not trade on Red-Box days;

- OCO is disabled by default

- half trade TP is enabled by default

I have put the EA alone,
and a "full trading package" that includes everything, and some more...

Enjoy!
Sq

i like it more than you do

AWESOME!

Hello. thanks to all ya people and the author of this thread.

I want ask you. could you please add in this wonderfull script martingale system?
So i mean for example script put sell stop on Entry Sell and stp loss on initial Sell stop. And it put on initial sell stop reversal order with doubled lot and TP it put on Profit target of Buy order???

So i mean this function will be like you will name it MARTINGALE and i can put False ot True.
script is working perfect.
If you will have questions ask me I will draw.