Tagged: Volceq breakout
Volceq can automate time based breakout trading strategies. A box is formed by the highest and the lowest price levels during a certain period. Then we wait for price to break through any of these levels plus/minus a user defined buffer and we open a trade according to the direction of the breakout. You can download it and study the user guide here.
Sent you a PM regarding download issue. Thanks
- This reply was modified 2 years, 4 months ago by F100.
Excellent and very versatile EA, thanks.
Just have 1 question: which modifications do we need to make to make this work on XAUUSD (Gold) chart?
I noticed the box is not drawn correctly on a gold chart, see attachment. Settings were default (OOTB).
- This reply was modified 2 years, 1 month ago by San4x.
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I am running this on GlobalPrime, MT4 Terminal build 1090. Broker is ECN, 5 digits, 3 digits JPY and 2 digits Gold.
I downloaded the Volceq EA from your website, assuming it’s the latest version, seems to be v1.32.
Do I indeed have the latest version..?
I noticed sometimes it takes quite some time on JPY pairs to draw the boxes, and they’re often incorrect. Same for Gold.
Thanks for your help!
Got it to work, great. This EA is excellent. Thanks again for your work.
I see a couple of settings which are not described on the website:
- StopLossType = BoxHeight. I guess I can leave this blank if I set OppositeBoxSideSL to true?
- TakeProfit1Type: If I set this to BoxHeight, should I leave TakeProfit1 empty..?
- Is there a way to open 2 orders instead of 1 when price breaks outside the box? Most brokers do not efficiently handle partial closes…they close the complete trade and open a new (partial) one. So we’re paying spread twice.
StopLossType = BoxHeight. I guess I can leave this blank if I set OppositeBoxSideSL to true?
TakeProfit1Type: If I set this to BoxHeight, should I leave TakeProfit1 empty..?
No, TakeProfit1 is a multiplier of BoxHeight value.
Is there a way to open 2 orders instead of 1 when price breaks outside the box? Most brokers do not efficiently handle partial closes…they close the complete trade and open a new (partial) one. So we’re paying spread twice.
There is no such option, only partial exits are possible.
could you be so kind and add the following feature.
volceq ea already has the possibility to use a moving average. It is very useful to combine this with candle breakout, because it minimizes false entries and therefore it givs a better performance.
The price (course) moves above the EMA (set to 11) and triggers the upper predefined range by the candle => entry is a long trade
and vice versa , price moves under EMA and triggers the lower range by candle => entry is a short trade
Hope you have the time to do this little change for me.
…and by the way a little question, do you invest in cryptos?
and here a zip file with good user guide :
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