Category Trend  Published on 12/04/2024

Range Breakout Bot

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description

The default settings of the program are the ones I use for USDJPY. For EURUSD I use the same settings but the time for the range is 09:00 - 10:30, orders will be cancelled at 20:55 and positions closed at 21:55. Please do your own testing!! These are only the settings that I use but there might be better settings. I cannot give any advice or recommendation here since I cannot predict future market movement.

 

<General Settings>

Timeframe Range Calculation: Chart timeframe used for range calculation (always use PERIOD_M1 for live trading and only change in tester if you do not have enough M1 data)

Trading Volume: Mode for the calculation of the lot size for each trade

Risk : The lot size for each trade will be calculated so that the set percentage of your account will be lost if the inital SL is triggered

<Time Settings>

Range Start Hour: Hour for the start time of the daily range

Range Start Minute: Minute for the start time of the daily range

Range End Hour: Hour for the end time of the daily range

Range End Minute: Minute for the end time of the daily range

Delete Orders Hour: Hour for the expiration time of pending orders

Delete Orders Minute: Minute for the expiration time of pending orders

Close Positions: Decides if open positions are closed at the close position time

Close Positions Hour: Hour for the close time of open positions

Close Positions Minute: Minute for the close time of open positions

<More Settings>

Range Color: Color of the range object in the chart

Screenshots :

 

File Links :

Without source code : Click Here 

With source code  : Click Here

 

 


The author decided to hide the source code.
TR
tradingbotcreations

Joined on 25.03.2024

  • Distribution: Paid
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: Breakout Range.algo
  • Rating: 5
  • Installs: 0
  • Modified: 12/04/2024 19:29
Comments
Log in to add a comment.
No comments found.