An explanation of the parameters is as follows:

extern string basicheader="== Basic Settings ==";

extern double TakeProfit=0;
extern double Stoploss=0;
extern double Lots=0.1;
extern bool VanessaFX_Basic_System=false;
extern bool AO_Exits=true;
extern string stopheader="== Advanced Stops ==";
extern double TrailingStop=0; // TS distance for following two options
extern bool UseTrailingStop=false; // Trailing stop regular
extern bool UseTrailingStopOnlyProfit=false; // Trailing stop that only activate
s when an order is profitting
extern int breakEvenAtProfit=0;
extern int breakEvenShift=0;
extern int SteppingStop=0;
extern string mischeader="== Misc. Options ==";
extern string shortName="VanessaFX";
extern int magicNum=15411178;
=============================
VanessaFX_Basic_System - determines which set of logic the EA will use, BASIC or
ADVCANCED logic
AO_Exits - use Accelerator Oscillator for exiting a position
UseTrailingStopOnlyProfit - use a trailing stop only on a profitable order
breakEvenAtProfit - set an orders stop to the open price
breakEvenShift - moves the breakeven point up or down around the open order pric
e at X pips
SteppingStop - similar to a trailing stop, may not work correctly
=============================

Period Convertor:
Lastest Version: 1.4
2005.12.24 1.4 faster to detect if data changed by removing float point o
perations, added support to output CSV file in real time.
OutputCSVFile = 0 means no CSV.
OutputCSVFile = 1 means CSV + HST.
OutputCSVFile = 2 CSV only, no HST .
(useful if you want to generate CSV for builtin peri
ods)
CSV Filename will be the same as HST file except the
extension added safe checking for PeriodMultiplier.
Screenshot is the CPU cost on P4 1.8G when refreshing with M1->M3, M10 and H
1->H2 together.
The steps to use the script after installing is almost same as the default M
T4 period converter.
Use this script to make nonstandard timeframe of symbol based on standard ti
meframe. For example, to make 3-hours timeframe H3 for selected symbol you
should:
1. Open H1 chart.
2. Attach to chart 'Period_converter_opt.mq4' MQL4 file from 'Custom Indicat
or' folder of 'Navigator' window.
3. On 'Common' tab check 'Allow DLL imports' checkbox.
4. On 'Inputs' properties tab please set 'PeriodMultiplier' variable value t
o 3 (you'll get H1*3 = H3).
5. Click OK.
6. Open H3 chart in offline mode ('File Open Offline'). H3 chart will be upd
ated real-time (by default) while H1 chart with attached 'Period_converter_opt.m
q4'
running.
Read below for more details:
I. Features:
This is an improved version of period converter for MT4 based on the MT4's defau
lt period converter by metaquotes. The default period converter script do not
support real-time refreshing, and consume lots of CPU (50%-9x%) making the whole
system slow. Also, the default one is a script which do not save when you
exit MT4, so you have to apply every converter script again after restarting, qu
ite annoying. This one fixed all above problems:
1. Real-time updating or custom interval millisecond level updating.
2. Low CPU cost, average 5%-10% or less.
3. Works as an indicator, so can be saved and reloaded during restart.
4. There is no one converter per chart limitation as it is not script any more,
you can only use one window as source to generate as many new timeframe chart
as possible.
5. Auto updating if there is new history block loaded.
II. How to use:
Copy the mq4 file to your MT4 indicators folder (experts\indicators) to install
it as an indicator, NOT script. then in the custom indicator list, attach
period_converter_opt to the chart you want. It support 4 parameters:
PeriodMultiplier: new period multiplier factor, default is 2;
UpdateInterval: update interval in milliseconds, zero means update real-tim
e. default is zero;
Enabled: You can disable it without remove it with this option.
Other parameters are comments or for debugging, it is safe to ignore them. Also
Make sure you have Allow Dll imports option checked in common tab or it won't
work. After that, File->Open Offline to open the generated offline data. then th
e offline data will be updated automatically.
As long as you keep the source chart open and the converter indicator runnin
g, the generated chart including indicators inside will always be updated. also
you can close the generated chart and open again later from File->Open Offline w
ithout problem.
If you want to quit MT4, you can leave those offline chart as other normal o
nline charts. when you start MT4 next time, those charts will also be loaded and
updated.
III. Notes:
1. Do NOT uncheck the "offline chart" option in offline chart common properties
or after MT4 restart, it will treat that chart as online chart and request the d
ata
from server, resulting empty chart window.
2. You can attach more than one converter to same window with different PeriodMu
ltiplier, e.g: you can attach 3 converter with PeriodMultiplier = 2, 4, 10 to M1
to generate M2, M4, M10 at the same time. It is even ok to use the M1 chart to g
enerate Hourly chart like H2, which only cost a few more CPU resource during
initial conversion. but usually most server don't have much data for those short
 period, resulting the generated data isn't long enough for long period. so it i
s
suggested to use Hourly/Daily charts as source when needed.
3. The real-time updating mode updates quotes as fast as possible, but as this i
s done via script, and MT will skip calling start() function when your PC is bus
y
and lots of quotes income. anyway, this seldom happen, and you can at least get
10 updates each seconds which is much more than enough.
4. The offline chart don't have a bid line showing in chart, but all data in the
chart including the indicators is still being updated, so don't worry. you can
show
the bid line by unclick the "offline chart" option in chart properties. but whic
h don't helps much and if you forget to check "offline chart" option before exit
. It
will cause errors and become empty on next startup. you have to close the window
and open again from File->Open offline, which don't worth the trouble.
IV. History:
2005.12.24 1.4 faster to detect if data changed by removing float point op
erations, added support to output CSV file.
OutputCSVFile = 0 means no CSV;
OutputCSVFile = 1 means CSV + HST;
OutputCSVFile = 2 CSV only, no HST;
(useful if you want to generate CSV for builtin peri
ods)
CSV Filename will be the same as HST file except the
extension, added safe checking for PeriodMultiplier.
2005.12.04 1.3 Fixed missing data when there is large amount of data loade
d in several blocks, and support auto updating when new history is loaded.
2005.11.29 1.2 Additional fix for missing data and server changing.
2005.11.29 1.1 Fixed missing partial data after restart. Reinitialize afte
r changing server or data corrupted.
2005.11.28 1.0 Initial release

3 comments To post a new comment, please log in or register

Off again, on again, off again. This is my third post on this indicator. At t
he time of the second post, all was looking good, and the problems referred to i
n the first post were not occurring. But now they are.....
After experimenting wilth this indicator, it seems the bottom line is that it wo
rks if you use just one chart to breed just one custom timeframe. Contrary to
what the author is saying about this indicator, I cannot get more than one custo
m timeframe from any "breeder" chart. Additional timeframes do not refresh. I
n fact, once one custome timeframe is running off of a "breeder" chart, this ind
icator does not work again on that same "breeder" chart, nor on ANY OTHER chart.
.....for the same or ANY OTHER currency pair.
In other words. I can get the indicator to work ONCE, and it does great! But I
cannot get it to work AGAIN on the same, or on ANY other chart. If I want anoth
er custom timeframe, I must first close the only one that is successfully runnin
g!
This is a great indicator! It would be truely great if it did all the author s
ays it will do! I, for one, would like to have a couple of special timeframes o
pen and running on a couple of currency pairs at the same time. But even if tha
t is not possible, I would at least like to have more than one custom timeframe
running on one pair.
28.02.2008 12:53 frederick
My apologies to wfy05, the author of this fantastic custom indicator. Now it is
working. What did I do differently? I do not know. This time, during life ma
rket hours, I used the 1 minute chart to generate a 3 minute chart (as experimen
t). The 3 minute chart continued working as I clicked around to other charts an
d came back to it. I even turned MT4 off and reopened it and found the 3 minute
chart still working whenever I clicked on it.
Thank you, wfy05, for a greatly appreciated indicator.
Now, if you could just make another indicator that would enable conversion of MT
4 time to user time in the Data Window.........
28.02.2008 11:59 frederick
I am sorry to say, the author of this indicator is wrong when he says created ch
arts will update automatically, just like built in charts, so long as you leave
the " breeder" chart also active. It does not work. When MT4 is closed and re
opened with the "breeder" chart intact, the created timeframe charts are as dead
as a doornail!
Can the author of this indicator fix this?

Hans123:
Simple Combined Breakout System for EUR/USD and GBP/USD
* Determine the 06.00 CET 10.00 CET High Low on EUR/USD and GBP/USD
* Determine the 10.00 CET 14.00 CET High Low on EUR/USD and GBP/USD
* Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timefra
mes and both currencies
* Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for G
BP/USD
* Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/US
D. If the other side of the breakout is within 50 pips for EUR/USD or within 70
pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range
- 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
* Move the SL to breakeven after a gain of 30 pips for EUR/USD and a gain of
40 pips for GBP/USD
* If a certain position is taken and price turns against you and it breaks t
he other side of the breakout channel then turn. If the breakout channel is broa
der then the stoploss first the stoploss will be hit. If the breakout channel is
narrower then the stoploss then hitting the other side means that you have to t
urn your position. There is only one turn per time frame possible. This rule is
a result of all previous rules. You can skip this rule if you want.
* At 24.00 CET all orders expiring and close all trades at market. On Friday
we do the same at 23.00 CET