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Thread: a different breakout ea

  1. #1
    Junior Member
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    Default a different breakout ea

    hello,
    i know that most breakout eas form a box and at certain hours and place orders out of high/low..
    so i would like to propose the following..

    ea forms a box at certain hours based on high/low according to settings,
    if price breaks box high level and price>high by x pips, then place pending buy order y-pips above box high level.
    (obviusly we will set x>y)
    similar for low box level

    if this already exist please guide me..
    regards
    Last edited by mili hal; 09-22-2010 at 10:35.

  2. #2
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by mili hal View Post
    hello,
    i know that most breakout eas form a box and at certain hours and place orders out of high/low..
    so i would like to propose the following..

    ea forms a box at certain hours based on high/low according to settings,
    if price breaks box high level and price>high by x pips, then place pending buy order y-pips above box high level.
    (obviusly we will set x>y)
    similar for low box level

    if this already exist please guide me..
    regards
    Hi mili hal,

    Interesting indeed.



    We enter a limit long/short order when we reach a trigger x pips over/under the box, put at y pips over/under the heighest/lowest of the box. We have y<x.

    Here is Retrace Breakout EA.

    EU H1. 2010.

    Total net profit : 328.77%
    RDD : 28.60%
    Attached Images Attached Images a different breakout ea-strategytester-retrace-breakout-ea-eu-h1-gif 
    Attached Files Attached Files

  3. #3
    Member
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    Default Error message during backtesting

    Hi Funyoo:
    Would you please tell me why I am getting this error message (Order Send error 4051) and how to avoid?
    I am testing on Alpari UK, 5 digits using the set file that you've attached above on 1 hr chart.
    thanks,
    Attached Images Attached Images a different breakout ea-retrace-bo-error-jpg 

  4. #4
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by 4x4me View Post
    Hi Funyoo:
    Would you please tell me why I am getting this error message (Order Send error 4051) and how to avoid?
    I am testing on Alpari UK, 5 digits using the set file that you've attached above on 1 hr chart.
    thanks,
    Hi 4x4me,

    It is working on my side with Alpari UK. Try with lotdigits set to 2. Try with mm set to false.

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