I have a MT4 Breakout EA that was programmed for me buy a programmer but he has gone off line, I was hoping to get it modify if possible?
The EA works very well but misses a few trades from time to time because of price being too close to a breakout.
The EA is completely customizable allowing me to place it on any time frame and anytime of the day, it automatically paces buy stops/sell stops on either side of the price bar I have set it to go off on using stop losses on either side of the price bar.
At the moment if I have the EA setup to go off at 11am on a 1hr chart it will place the orders at the close of the 10am price bar, placing pending orders either side of that price bar, using that 1hr range as a profit and stop.
The problem is sometimes when a price bar closes up for a buystop order, its unable to place the pending order, or price closes down on a price bar then EA is unable to put the sell stop in place. (missing the trade all together)
What I would like to do is have the EA continue to try and place the orders for that particular price bar (example for the next 2-3 price bars) waiting for price to retrace back into the original price bar range?
If price breaks out and keeps going then that's fine I missed the trade, but what I am hoping to capture is when price breaks out of the range (doesn't hit profit target) retraces back into the original breakout range allowing the EA to try to place the buystop/sellstop orders again.