Must be able to back test. And this is how I want it to look within inputs, Everything else
will be changed in modify expert within MT4. Would also like it to look somthing like the
breakout_PANCA_EAGLE indicator attached, as to see what's happening on screen.
LotSize...........0.01
TakeProfit.........20 (pips)
TrailingStop......20 (pips)
StopLoss..........20 (pips)
Reverse.........true (if true each time StopLoss is hit, New order is reversed)
Breakout.......false (uses breakout to determine buy or sell)
Candles..............4 (this will take the highs and lows of 4 candles)
Buffer.................1 (sets buffer of 1 pips above and below Candles high and Low)
Timeframe........20 (if 1Hr chart, Timeframe + Candles will make a 24Hr day)
Sleep..................0 (candle break between Timeframe end and next lot of BreakoutCandles)
Example 1:
If Breakout is false, Buy is entered. EA takes over and StopLoss is hit, As Reverse is true a
sell is entered (if false another buy). TakeProfit is then hit so a another buy is entered.
Example 2:
If Breakout is true and reverse is false, EA will get the highs and lows of 4 candlesticks. If the
price breaks above Candles + Buffer, a buy is entered (a sell if below). If the order is stopped
out. No new order is then entered until after the new breakout candles form.
Example 3:
If Breakout is true and reverse is true. Price breaks above Candles + Buffer, a sell
(instead of a buy) is entered. Otherwise same as example 2.