Dear fxDreema-Team and Community,

I just found out about this site and it is truly awesome. Whoever is behind this project is a genius!!!!
Trading has been a passion for me. I started 10 years ago (survived!) and learned a lot in the process.

I am working on a profitable Breakout-Strategy (traded manually). Every pair has a certain "breathing rhythm" (moves x pips away from the Open - the average range will change over the years and during event - but this is "genetically coded" behavior).

In order to catch some piece of the average range, I need to Buy or Sell at a certain threshold.

How can I define a line that is 20, 50, 100 Pips ABOVE or UNDER a Simple Moving Average with a Period of 1 based on the previous OPEN price?

In Metatrader I accomplish this with Levels (Second Tab on the Indicator Properties Window). This is how I trade manually. It is a very easy, nice and price-based level indicator. It gives you a good visual idea about Resistance points, Take-Profit and Stop-Loss levels.

Thank you for your time and kind answers. Wish you all good luck and lots of Profits!