Tools for forexhard's Stairstep Breakouts system

@Squalou

Thank you so much for the great indicator.

Would it be possible for you to add an alarm for when the buffer line is breached?

Cheers

Invisible

Now we just need fib targets added on both sides of the box!

What follows was originally post 1 here, before sq took over development of the EA. This post will become irrelevant sometime during the coming week. I shall not be developing the attached EA further; none of us will be needing it for long.

The attached indi is the one sq originally posted in fh's thread, renamed so it does not clash with the latest in post 1. The attached EA requires it to be in your indi folder.

The original post 1:

The function of this thread is to develop an EA that will initially allow us to leave our trading stations for whatever reason arises; we can leave an EA in place to take the trade following a breakout from the box that we would otherwise miss. The first version of the EA is attached. Be warned that it is faulty and not ready for live trading yet. The code should be simple enough, but it is the simple stuff that I often muck up. Yes, I could ask sq to sort it out, but he is busy enough already.


Here are the most pressing thingies we need to decide upon in the EA:

 

1. shall I add users to specify that the EA should use their own hand-drawn artifacts. This is not difficult and I shall do so if there is enough demand.
2. how best to automate tp and sl?
3. do we
   1. want the ea to open a new trade at the start of a new candle following a breakout, as currently coded?
   2. want it to take trades as soon as the market leaves the box by x pips?

Make your ideas known folks. Ultimately, the waiting ea will evolve into an auto-trader. For now, let's get the basic manual trader up and running correctly.

EA inputs:

 

1. CriminalIsECN: set this to true if your crim does not allow you to send tp/sl with the initial trade.
2. UseSafetyFeature: this demands confirmation that it the EA should operate after every platform restart. Set this to false to semi-automate repeated trades after breakouts from the initial box.
3. sq inputs should match those you send with sq's indi
4. Leave TakeProfit to 0 to allow the EA to use ATR to set the take profit. I leave you to guess what the inputs are about.
5. StopLoss: set this to zero and the ea will use the opposite end of the breakout box as its stop.
6. AutoBoxRange: this allows the ea to calculate the box hight dynamically, using sq's formula. If you have sq's indi running on the chart at the same time for confirmation, you need to remember to update its BoxRange input to reflect that shown on screen by the ea. Leave the AutoBoxRangeDailyATRperiod and AutoBoxRangeDailyATRfactor inputs alone unless you know what you are doing.

I have done a revamp of post 1. Coders, please read rule #2. sq, if there is anything in there that you want adding/changing/deleting then sing out.

Well,

My 2 cents worth is that I have been trading CZ more or less like this for awhile, (without concise boundaries). I used to take the range and place a Horizontal line on both Top and Bottom but now that there is a method!!?

I exit on an Inside Bar or Fractal.

Regards

Thanks so much for your efforts Steve!
I cannot be any better!

Sq

How are you guys. I hope all is well.

Sure is. Looking exciting too.

Mer
Which indi do you use for Fib ?

Well, until sqaulou can incorporate the the fib targets in the indicator, I just use the one in MetaTrader for now. I'm using the 61.8, 161.8, 261.8, 361.8, and 423.6 extensions on both sides and a 50 fib to cut the box in half. To get the top fibs to show correctly on the top half, you must add 1 to the positive numbers in the "Level" parameter (see pic 2). So if it's a 61.8 ext. you want on top, you must enter 1.618, not .618. This is what mine looks like on both sides (pic 1).

Hi ! Hi ! Didn't get it for the moment !
How you insert lines : Initial Sell Stop/ Initial Buy Stop / Firts target Stop inside Fib ?
Where you "drawn" the fib line ? CZ Box ?
If you have enough time pls post a Temp.
Thanks Mer : have a nice WE
B

Forexhard, from what I have read, it looks like you trade 4 pairs and 3 time frames. We know you trade E/U and G/U on 15min and 5min charts. Could you please tell us the other 2 pairs and the other time frame you trade. I think your method is one of the best I have seen. Thank you for sharing with us.

The initial sell stop, initial buy stop, and first target stops are at the 0, 1, and .50 levels and you just add the text in the description box in the fib tool under the "Fibo Levels" tab. You pull the fibs from the top to the bottom of the CZ box. I can post a template of the chart, but it doesn't save the fib tool, you'll have to set them up manually. Once set up the fib tool will remember the last parameters you used for the future.

Tks Mer.
Hope Squalou can code your Fib levels for Exit.
Not easy but... he will do it ! No doubt !

Another question Mer
(yes I am booring but when we have a Fibo Master you have
to squeeze it like a limon ! )
Sure that you tried Pivots.
Why you choose Fibo vs Pivots ?
B

Well, he did it pretty easily with the 3 tier London breakout indicator, so this should be a breeze. Hopefully we will have the option of fib targets or fixed pip targets so it will please everyone.

I am just use to using fibs more than pivots. It's not that you can't use pivots, but since we are using a hi/lo of the CZ, it makes more sense to use fib targets in my opinion.

ok guys, i'm back in business!
will post the updated indi with fibs etc soon...
SQ

Hi Squalou, just wondering if you will make an EA out of this, or just an indi [which is beautifull BTW].

Thanks,

Gertjan

yes, the EA is no the way too.

SQ

COOL!

Looking forward!