Straddle lines 20 pips from open with alarm

Hi might be already somehere but I could not find it

its and indicator that at the start of the day (for me would be 7 pm newyork) puts 2 horizontal lines at 20 pips away from open and when it touches either line send an alert screen an email.....so I can start looking for trading opportunities

Its kind of straddle or OCO other cancel the other but for me would be nice if they dont trigger just alert thta they are in the 20 pips disntance from open...I have seen similiar but they all are EA and trigger alone and canlce the other ...thats not what I want.....

Thank you

campeon

Do a search for straddle ea's I think

I've done your idea before and it's a tough one to make work.

Thank you been looking but not luck will keep looking

Thank you

A rough and ready way to get the lines on the chart would be to use inbuilt Moving Average.
Click on Indicators Icon, find Moving Average.
Parameters --- Enter MA Period -- say 3
Levels --- Add 200 then Add -200
Click OK and you should have it.

Sorry, no Alerts or Emails.
Peter

Try this.

HTH

Thank you for your help Tall and Future

campeon

I have an EA that does kind of what you want but I had to buy it.

What you want is an OCO order x amount of pips from open. But your TP has to be small cause I promise you as soon as your oco is hit it will run the other way. Can it work yes and it does. Maybe you can grab 25-50 pips depending on the pair. but 100 pips a day at a buck a pip add up over the years. But you might want to spread that out on 4 pairs. I like this style of trading, its mindless and boring. Just set and forget it.

What my ea did was open pending orders x amount of pips from open. But I used no stop. Yes the draw downs sucked but the daily chart moves 500 or more in both directions. (market noise) I though why fight the market cause its going both ways all day after open so go both. (cant in USA) BUT about 3 times a month it only opens one way and that kills your small profits for the month. So its a great idea but never worked well. But look at any gbpusd chart in a H1 from begining to end and you'll see what I mean.

But if you want to use an OCO order just keep the SL large and the TP small and it WILL work. I can't post the link to where I saw your idea cause it might not be allowed. I'll pm you I guess.
Good luck keep us posted.