/ FOREX BREAKOUT
// 15 MIN
// One trade per day, from 08:00h to 14:00. The system shuts-down at 14:00h
// Everyday Channel formation from 0700 to 0800 (Highest-Lowest)
// Maximum Range 32pips
DEFPARAM CUMULATEORDERS = false
// OPERATIONAL TIME
DEFPARAM FLATBEFORE = 080000
DEFPARAM FLATAFTER = 140000
Operationaltime = TIME > 080000 AND TIME < 140000
// ONE TRADE PER DAY. It resets the variable each new day
IF INTRADAYBARINDEX = 0 THEN
alreadytraded = 0
reverse = 0
ENDIF
// RANGE between 0700h to 0800h
IF TIME=080000 THEN
channelhigh = Highest[4](high)
channellow = Lowest[4](low)
ENDIF
// NO ACTIVITY if the range (highest-lowest)is >= 32 pips
IF channelhigh-channellow>=32*pipsize THEN
tradeok=0
ELSE
tradeok=1
ENDIF
// LONG Positions-Opening
IF NOT ONMARKET AND Operationaltime AND tradeok = 1 AND alreadytraded=0 THEN
BUY 1 CONTRACT AT channelhigh + 3*pipsize STOP
alreadytraded=1
reverse=1
ENDIF
// SHORT Positions-Opening
IF NOT ONMARKET AND Operationaltime AND tradeok = 1 AND alreadytraded=0 THEN
SELLSHORT 1 CONTRACT AT channellow - 3*pipsize STOP
alreadytraded=2
reverse=1
ENDIF
// TEST IF AN ORDER IS IN THE MARKET
IF ONMARKET THEN
tradeok = 0
alreadytraded = 1
ENDIF
// REVERSE
IF reverse=1 THEN
IF alreadytraded=1 AND NOT ONMARKET AND POSITIONPERF(1)<0 THEN
SELLSHORT 1 CONTRACT AT MARKET
reverse=0
ENDIF
IF alreadytraded=2 AND NOT ONMARKET AND POSITIONPERF(1)<0 THEN
BUY 1 CONTRACT AT MARKET
reverse=0
ENDIF
ENDIF
// STOP & PROFIT
SET STOP LOSS 5*pipsize
SET TARGET PROFIT 8*pipsize
.
