Volatility breakout system - MT4/MT5 resources
I spent a long time trying to take advantage of the post-open volatility in London and the US
I know this is just another thread on the debate, but I think this is different from the others and deserves his own thread
Before talking about my system, I want to talk about other systems that work similarly
The most famous system uses a defined time frame to draw a box and then trade on its breakout
Sometimes it doesn't work well because the box is too big and you might miss out on great deals
mer071898 and Squalou modified the system so that the maximum range fits the predetermined maximum size of the box and allows us to trade on a daily basis
But sometimes the last candle that forms the box closes too close to the upper/lower side of the box and thus causes false positives
I think we can avoid this by drawing the box near the close of the last candle of the box, using the hourly ATR to determine the box size as well as TP and SL
What do you think of these people? Can someone code the indicator?
The required parameters are the start and end of the candle to draw the line, the box size in pips and StopLoss/TakeProfit
Happy trading!
I know this is just another thread on the debate, but I think this is different from the others and deserves his own thread
Before talking about my system, I want to talk about other systems that work similarly
The most famous system uses a defined time frame to draw a box and then trade on its breakout
Sometimes it doesn't work well because the box is too big and you might miss out on great deals
mer071898 and Squalou modified the system so that the maximum range fits the predetermined maximum size of the box and allows us to trade on a daily basis
But sometimes the last candle that forms the box closes too close to the upper/lower side of the box and thus causes false positives
I think we can avoid this by drawing the box near the close of the last candle of the box, using the hourly ATR to determine the box size as well as TP and SL
What do you think of these people? Can someone code the indicator?
The required parameters are the start and end of the candle to draw the line, the box size in pips and StopLoss/TakeProfit
Happy trading!
📦 Summary of post attachments (3)
Below are all the files (3) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •