• Registered: 2014-02-25
  • Posts: 26

Topic: Help building this strategy

Hi.
I wonder if someone could help me building this strategy. I need an indicator that construct an horizontal support and resistance channel specifically from an interval of time i choose (highs and lows from 6am to 10am for example). Indicator Hourly high and low is very close, but i need bar to close above or bellow the channel to triger trade.Also i need SL and TP to be controlled by ATR . After triggering the trade, SL and TP are defined by ATR, ie, 1 ATR for SL and 2 ATR for TP, (for example), or any other definition the trader wanted. Does anyone knows how to configure this?
Any help would be appreciated.
Thanks

  • Popov
  • Popov
  • Lead Developer
  • Offline
  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 8,026

Re: Help building this strategy

Hello psantos,

We have ATR Stop indicator.  Unfortunately, you cannot make ATR TP, but the other things are possible with custom indicators.

Popov's Website

  • Registered: 2014-02-25
  • Posts: 26

Re: Help building this strategy

Hi Popov
Unfortunately I'm not a programmer and can't customize indicators.

  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
  • Offline
  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,849

Re: Help building this strategy

use donchian channel

you can preset tp and sl

try that

Blaiserboy's Website

  • Registered: 2014-02-25
  • Posts: 26

Re: Help building this strategy

What I'm looking for is something like this

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  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
  • Offline
  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,849

Re: Help building this strategy

I do not think you will be able to do that

Blaiserboy's Website