Time Range Breakout

It may be slightly different from what is discussing here but similar with it: SUpRes_Breakouts indicator (attached)

Just about this Time Range Breakout system from this post. This system works for new MT4 build by indicators from this post except AllAbsoluteQQE indicator and IN10TION NewsReader indicator.

Thus, this is the variation of the system for new MT4 build:

• download indicators using links on this post;
• download AllAbsoluteQQE_v2.3 indicator from this post;
• download new IN10TION NewsReader indicator from this post;
• install all indicators and template (new template is attached) in MT4.

We should get the image similar with this one for example:

I can not check this update because market is close now (because IN10TION NewsReader indicator works when the market is open) but I hope everything is working fine.

It is a good breakout on EURUSD 15min chart, but the entry was over.

Stretch Breakout Channel - indicator for MetaTrader 4

Author
The developer of these indicators is Arturo López, founder of Point Zero Trading Solutions.

Who is Toby Crabel?
Toby Crabel is a self-made millionaire commodities trader who has avoided having a losing year from 1991 to 2002. Among other achievements, he wrote a great trading book entitled Day Trading with Short-term Price Patterns.

What is the Stretch?
The Stretch is calculated by taking the 10 period SMA of the absolute difference between the open and either the high or low, whichever difference is smaller. It represents the minimum average price movement/deviation from the open price during a period of time, and that value is used to calculate breakout thresholds for the current trading session. This can be used to plot a multitimeframe breakout channel.

The Opening Range Breakout (ORB) Trading Strategy
Using this strategy, the trader places a buy stop just above the open price plus the Stretch and a sell stop just below the open price minus the Stretch. The first stop triggered enters the trader into the trade and the other stop becomes the protective stop.

Crabel's research shows that the earlier in the trading session the entry stop is hit the more likely the trade will be profitable at the close. A market movement that kicks off a trend quickly in the current trading session could add significant profit to a trader's position by the close and should be considered for a multi-day trade.

Extending Crabel's research results it is obvious that as time passes and we are not filled early on then the risk increases and it becomes prudent to reduce the size of the position during the day. Trades filled towards the end of the day carry the most risk and the later in the day the trade is filled the less likely the trader will want to carry that trade overnight.

This indicator "Suppress Breakouts.mq4" calls for "support and resistance (barry) 1.ex4" but this I do not.
Ask for help.

Hi Heinz,

I attached Support and Resistance (Barry)1 indicator to this post.

This is the interesting setup (indicators and template file are attached):

Originally Posted by matfx

Just another breakout box indicator, adjusting the beginning of period and end period, to draw a upper and lower box.

Attachment 7777

This indicator (Breakout_PANCA_EAGLE) is still working good in the combination with the other indicators, for example:

And this is Brent Crude Oil (the arrows on the chart are from SUpRes_Breakouts indicator from this post.

Hi ND,

After attaching this SUpResBreakout indicator, MT4 is getting hung and once released, nothing appeard as shown in your pic.