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

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.

Re: Help building this strategy

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

Re: Help building this strategy

use donchian channel

you can preset tp and sl

try that

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Help building this strategy

What I'm looking for is something like this

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Re: Help building this strategy

I do not think you will be able to do that

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Help building this strategy

I wonder if you are a programmer then you are surly not going to customize it. Well, in the end it all depends on which pair you are trading and the market strategy you are working on.