// FOREX BREAKOUT-15 MIN
// One order per day, from 09:00h. The system shuts-down at 14:00h
Defparam cumulateorders = false

//One Trade Per Day
Once nbTrades = 0
Once tradesPerDay = 1
 
If Day<>Day[1] then
nbTrades = 0
Else
If (Not OnMarket[1] and OnMarket) xor (ShortOnMarket[1] and LongOnMarket) xor (LongOnMarket[1] and ShortOnMarket) then
nbTrades = nbTrades + 1
Endif
Endif
 
If nbTrades < tradesPerDay then
//End One Trade Per Day Code

// Conditions
Ctime = TIME > 090000 AND TIME < 140000
 
// Range between 0500h to 0900h
IF TIME=090000 AND tradeok=1 THEN
Channelhigh = Highest[16](high)
Channellow = Lowest[16](low)
ENDIF
//No activity if the channel highest and lowest is >= 32 pips and <= 12 pips
IF channelhigh-channellow>=32*pipsize OR channelhigh-channellow<= 12*pipsize THEN
tradeok = 0
ELSE
tradeok = 1
ENDIF

//Conditions for long/short breakout entry
IF NOT LONGONMARKET AND Ctime AND tradeok = 1 THEN
IF close > channelhigh THEN
BUY 1 CONTRACT AT MARKET
ENDIF
ENDIF

IF NOT SHORTONMARKET AND Ctime AND tradeok = 1 THEN
IF close < channellow THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF
ENDIF
ENDIF

// Stop y profit
SET STOP Loss 8*pipsize
SET TARGET PROFIT 8*pipsize





 

 

Hi Despair,

I am a little dumb today. I am trying to paste the code here as a text, but I got it in black/white, not coloured/linked as in PRT. My Mac does not convert the itf, and I follow the instructions of <> but it is still b/w. :(((((

As I mentioned, this is my first code. Although I am reading the manuals, there are some specifics that are not mentioned anywhere.

I am trying to build a simple FOREX Breakout system in TF=15′ with a channel from 05:00 to 09:00h, and then wait until the breakout, and wait for the close of the candle breaks the highest or lowest and will launch an order long or short depending the direction at the beginning of next bar. TP=8, SL=8, as you can see it is not very ambitious, but enough to start practising and learning the ropes.

The most important is that I want this to happen just once a day. Once breaks and either win or loss, no more operations for the day. The system will shut-down at 14:00h, which gives plenty of room for one single trade. 

Knowing how to program this simple task, will give me the resources to include other features or ideas in the future.

The channel seems to work, although I have been trying to include the limitation of one trade per day, and I might screwed up again.

Any suggestions will be welcome.

I don’t know how to thank you for this!!! Thanks so much. I owe you big.

Juan

// FOREX BREAKOUT
// 15 MIN
// One order per day, from 09:00h. The system shuts-down at 14:00h
// Everyday Channel formation from 0500 to 0900 (Highest-Lowest)
// Maximum-Minimum Channel Amplitude 32pips-12pips

DEFPARAM CUMULATEORDERS = false

// OPERATIONAL TIME
DEFPARAM FLATBEFORE = 090000
DEFPARAM FLATAFTER = 140000
Operationaltime = TIME > 090000 AND TIME < 140000

// ONE TRADE PER DAY. It resets the variable each new day
IF INTRADAYBARINDEX = 0 THEN
alreadytraded = 0
ENDIF


// RANGE between 0500h to 0900h
IF TIME=090000 THEN
channelhigh = Highest[16](high)
channellow = Lowest[16](low)
ENDIF

// NO ACTIVITY if the channel highest and lowest is >= 32 pips and <= 12 pips
IF channelhigh-channellow>=32*pipsize OR channelhigh-channellow<= 12*pipsize THEN
tradeok=0
ELSE
tradeok=1
ENDIF

// BREAKOUT Conditions
c1= close > channelhigh
c2= close < channellow

// LONG Positions-Opening
IF Operationaltime AND tradeok = 1 AND c1 AND alreadytraded = 0 THEN
BUY 1 CONTRACT AT MARKET
tradeok = 0
alreadytraded = 1
ENDIF

// SHORT Positions-Opening
IF Operationaltime AND tradeok = 1 AND c2 AND alreadytraded = 0 THEN
SELLSHORT 1 CONTRACT AT MARKET
tradeok = 0
alreadytraded = 1
ENDIF

// STOP & PROFIT
SET STOP LOSS 5*pipsize
SET TARGET PROFIT 10*pipsize



 





 

 

I hope that now is coloured!!! 🙂