83# sq Dynamic Breakout box mq4

Submit by Alonso

sq Dynamic Breakout box mq4 is an box breakout dynamic that find the consolidation zone of the price. sqDynamicBreakoutBox.mq4, was made by by Squalou in the years 2011. This indicator is suitable for dynamic edging strategies.

Features of the indicators

* - draws Dynamic Breakout Boxes based on consolidation areas;

* - consolidation areas are defined by a minimum period of time during which

* the Range of PA remained below a minimum Range value;

* - Inputs:

* - BoxLength and BoxTimeFrame: define the minimum duration of the congestion areas

* Better than specifying a number of bars, because this will not independ

* on the chart's timeframe;

* - BoxRange: the Box Range in pips;

* - AutoBoxRange (true/false), AutoBoxRangeDailyATRperiod(=30) and AutoBoxRangeDailyATRfactor(=0.25):

* to automatically determine a the Box size based on Daily ATR, rather than a fixed size.

* - BoxBufferPips: draws the Yellow and Magenta "breakout" lines at this distance from the actual Box;

*

* This indicator was inspired by a thread opened by "forexhard" on ForexFactory.

* http://www.forexfactory.com/showthread.php?t=302007

Time frame 15 min, 30 min or H1,

Currency pair: major, minor, stock indices, futures and commodities.

Trading rules sq Dynamic Breakout box mq4

Buy

Open a long position when the first bar opens above the buffer.

Stop loss 2 pips below the box. Profit Target Board Ratio Stop Loss 1.4 or at the pivot levels.

Sell

Open a shor position when the first bar opens below the buffer.

Stop loss 2 pips above the box. Profit Target Board Ratio Stop Loss 1.4. or at the pivot levels.

Note that the indicator opens the position when the first bar closes after the buffer. . Here it is proposed to open at the opening.

In the pictures sq Dynamic Breakout box mq4 in action.

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