junglist00 Posted October 19, 2010 Report Share Posted October 19, 2010 (edited) I just had this ea created ... Description. - candle breakout ... ea sets pending order above/below candle (not range) , should work on any timeframe, http://www.megaupload.com/?d=L90KEDNJ **** Update 1/3/2011 I have added a day filter to EA , this was done by myself so not sure if coding correct, code was taken from another ea. http://www.megaupload.com/?d=Y3BP566A Edited January 3, 2011 by junglist00 update link robbyg, pratamapet, save2009 and 18 others 21 Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted October 19, 2010 Report Share Posted October 19, 2010 Thank you junglist. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
junglist00 Posted October 20, 2010 Author Report Share Posted October 20, 2010 Thank you junglist. Np, again, ea was just created. may have bugs. Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 20, 2010 Author Report Share Posted October 20, 2010 some bugs with ea buy stop orders, sending to developer to get udpated Quote Link to comment Share on other sites More sharing options...
kraven Posted October 20, 2010 Report Share Posted October 20, 2010 (edited) would be a really good EA if an add-on could be included to trade in only 1 direction...so it would enter only on the break of the top of the candle and you could disable the bottom and vice versa....so basically you could set it to buy only (top of candle break), and switch sell off all together (break of bottom candle)..you could set it with the trend plus it would have many other applications. Edited October 20, 2010 by kraven t2g 1 Quote Link to comment Share on other sites More sharing options...
freddy Posted October 20, 2010 Report Share Posted October 20, 2010 would be a really good EA if an add-on could be included to trade in only 1 direction...so it would enter only on the break of the top of the candle and you could disable the bottom and vice versa....so basically you could set it to buy only (top of candle break), and switch sell off all together (break of bottom candle)..you could set it with the trend plus it would have many other applications. Can't you do that already for any EA? With the settings in the Common tab: You can choose: Long&Short positions Only Long Only Short But maybe i misunderstood your query. freddy t2g 1 Quote Link to comment Share on other sites More sharing options...
Augustine Posted October 20, 2010 Report Share Posted October 20, 2010 (edited) Can't you do that already for any EA? With the settings in the Common tab: You can choose: Long&Short positions Only Long Only Short But maybe i misunderstood your query. freddy Lol, you are right, the functions are already there in MT4. Some people just say things to sound wise, but end up making them fools instead. Edited October 20, 2010 by Augustine Quote Link to comment Share on other sites More sharing options...
kraven Posted October 20, 2010 Report Share Posted October 20, 2010 hey, i'm not a know all MT4 user like yourself and EA's are something completely new to me, I've never used one....but thanks freddy for letting me know. t2g 1 Quote Link to comment Share on other sites More sharing options...
freddy Posted October 20, 2010 Report Share Posted October 20, 2010 hey, i'm not a know all MT4 user like yourself and EA's are something completely new to me, I've never used one....but thanks freddy for letting me know. kraven, np mate, I don't know either, all MT4 tricks. I don't like so much EAs (actually I only test Crescendo and iWin) but I like reading and understand things even though I am not sure I will use them! in fact, I don't like blackboxes, I want to know what they do. But EAs, as tools, can help certainly. t2g 1 Quote Link to comment Share on other sites More sharing options...
kraven Posted October 20, 2010 Report Share Posted October 20, 2010 Freddy i think this EA could help me a lot and has a lot of applications for my style of trading....i use a spreadbet account to place bet and an MT4 platform for charts but if this little EA works well i may change to a MT4 broker account. t2g why i wanted to know about trading in a certain direction only is to make this EA versatile (which Freddy pointed out, it is)...there's a few strategies it could be used for, e.g. entering only after a pullback....so if trends up and pb occurs then just keep setting this to the next candle with 'long' set only etc.. Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 20, 2010 Author Report Share Posted October 20, 2010 yeah. kraven. its the most difficult and important part of the EA I think.....about how to decide the trend direction........ somebody please let us know......... Hi, the ea was created for me to test a strategy on candle breakout .... this was a straight up/down breakout ... not taking into consideration any type of trend. I guess this feature could be added but would cost me more to do so, so if any programmer in forum want to take on task i don't mind. However would like to have bugs sorted out first as some of pending orders not being placed correctly. If you can get a 50% accuracy in a 2(tp):1(sl) risk will still be positive. Thats what i was looking for, didnt want to get too complicated because you add something like MA, then someone wants RSI, then MACD .... get the idea, was not looking for 90% accuracy. I just glanced at forex cresendo strategy this week even though it is not breakout ... if you look at candle GBP/USD, M15 at time 00:00 and 12:00 , GMT+3 , see if there is some pattern there. There are a few range trading breakout ea's out there with all the whistles .... Quote Link to comment Share on other sites More sharing options...
kraven Posted October 20, 2010 Report Share Posted October 20, 2010 no junglist i like this EA...very usefull, however your right about the bugs, sell orders have been fine (orders placed and markings on chart) but no buy orders. so if you get this sorted please post again. Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 20, 2010 Author Report Share Posted October 20, 2010 no junglist i like this EA...very usefull, however your right about the bugs, sell orders have been fine (orders placed and markings on chart) but no buy orders. so if you get this sorted please post again. Will do, just waiting on response from developer. Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 20, 2010 Author Report Share Posted October 20, 2010 I think this can also be used for news trading ... break of M15 candle after new release. Still to be tested. Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted October 20, 2010 Report Share Posted October 20, 2010 On my Mt4-platforms it does not open any orders. No error-messages, nothing. Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 20, 2010 Author Report Share Posted October 20, 2010 On my Mt4-platforms it does not open any orders. No error-messages, nothing. i am on fxdd , basically there is a candle time so i think if you are on H1 chart time have to be 1:00 , 2:00 ... , if on M15 ... time 1:00, 1:15, 1:30.... , if M30 time 1:00 , 1:30, 2:00 .... depending on which candle you want to trade think there may be some conflict if order is already open for pair, will have to get this looked into. Check journal to see if orders where opened then cancelled, that happen with 1 order for me. Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 24, 2010 Author Report Share Posted October 24, 2010 updated version of ea ... hxxp://[email protected]/?d=L90KEDNJ ... Please demo test until satisfied with performance. Thanks flathon, smurf43, Stormin_Norman and 5 others 8 Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 25, 2010 Author Report Share Posted October 25, 2010 EA appears to be working ok, For those using, please let me know if there is any problems. Quote Link to comment Share on other sites More sharing options...
cnuse Posted February 18, 2011 Report Share Posted February 18, 2011 (edited) Thanks for your EA. Do you think GJ pair is best for breakout ? Edited February 18, 2011 by cnuse Quote Link to comment Share on other sites More sharing options...
ho3ain190 Posted February 18, 2011 Report Share Posted February 18, 2011 when candle breakout , works ? in 24 hours ? i tested in fxopen ... GMT offset = 2 please helping me to complate this parametr candle hour and candle minutes ? Quote Link to comment Share on other sites More sharing options...
junglist00 Posted February 18, 2011 Author Report Share Posted February 18, 2011 when candle breakout , works ? in 24 hours ? i tested in fxopen ... GMT offset = 2 please helping me to complate this parametr candle hour and candle minutes ? If you want to trade breakout of 8:15 candle you put ea on 15min chart (candle close 8:30), will set pending orders about high/low of this candle .... may have to mess around with parameter a bit to understand ... just put on demo, multiple charts and timeframes and see. Quote Link to comment Share on other sites More sharing options...
junglist00 Posted February 18, 2011 Author Report Share Posted February 18, 2011 Thanks for your EA. Do you think GJ pair is best for breakout ? Have not really used ea in a while ... my focus was on eur/usd and gbp/usd ... idea was to get right risk/reward ratio ... have been on road for past 3 months, just getting back ... will start testing again. Quote Link to comment Share on other sites More sharing options...
ho3ain190 Posted February 18, 2011 Report Share Posted February 18, 2011 for fxopen candle hour and minutes = ? 9:30 or 7:30 or 8:30 ?? and alpari ? Quote Link to comment Share on other sites More sharing options...
junglist00 Posted February 18, 2011 Author Report Share Posted February 18, 2011 for fxopen candle hour and minutes = ? 9:30 or 7:30 or 8:30 ?? and alpari ? based on broker time ... Quote Link to comment Share on other sites More sharing options...
cnuse Posted February 19, 2011 Report Share Posted February 19, 2011 Thanks ,Junglist00. I want to have some good breakout EAs, PM me if you need a coder to help. Quote Link to comment Share on other sites More sharing options...
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