AK Capital Opening Range Breakout with targets is a code developed by the Forex Robot Easy Team to accurately identify day trading levels using the AK Capital Opening Range Breakout Indicator on a 1-5 minute timeframe. This code allows traders to set custom profit targets based on their risk levels, with flexibility to adjust targets between 1.5 to 3.
The code implements the patented calculation behind the AK Capital Opening Range Breakout Indicator to ensure uniqueness and reliability. The indicator's time is set to open from 9:30 to 10:00 am. It meets all necessary trading functions to successfully implement the algorithm.
Traders can customize the profit targets according to their risk preferences. The default profit target is set to 2.0, with a minimum of 1.5 and a maximum of 3.0. These targets can be adjusted within the specified range.
To use this code, follow these steps:
- Install the AK Capital Opening Range Breakout Indicator on your trading platform.
- Copy and paste the code into your trading platform's MetaEditor.
- Compile the code.
- Attach the code to the chart.
The custom indicator initialization function sets the necessary parameters and indicator buffers. It registers the indicator as a custom indicator with the required information such as the indicator name, developer's name and site, and indicator description. It also sets the number of decimal places and the opening range time.
The custom indicator iteration function calculates the opening range and the profit target levels. It uses the opening range time to determine the highest and lowest values within the specified time frame. The opening range labels and the profit target label are drawn on the chart.
The AK Capital Opening Range Breakout with targets code is a powerful tool for day traders looking to accurately identify trading levels and set profit targets. Developed by the Forex Robot Easy Team, this code implements the AK Capital Opening Range Breakout Indicator on a 1-5 minute timeframe.
Traders can customize the profit targets based on their risk levels, with the flexibility to adjust targets between 1.5 to 3.0. The patented calculation behind the indicator ensures uniqueness and reliability, providing traders with accurate day trading levels.
The indicator's time is set to open from 9:30 to 10:00 am, capturing the crucial opening range. The code meets all necessary trading functions to successfully implement the algorithm, making it a valuable tool for day traders.
Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that can work as described in this product. For detailed reviews and trading results of this product, visit https://forexroboteasy.com/forex-robot-review/ak-capital-opening-range-breakout-indicator-review-accurate-daytrading-levels-and-profit-targets/. To find the official developer of this product, use MQL5.