MT4-BeST Darvas Boxes

BeST_Darvas Boxes is an MT4  Indicator based on the trading method developed in the 50’s by the Hungarian Nicolas Darvas .

BeST_Darvas Boxes indicator

• draws the Top and the Bottom of every Darvas Box  that can be confirmed on the current Chart.
• draws Buy and Sell Arrows  for every confirmed Upwards or Downwards Breakout of the above levels.
• draws always only after the bar closing and so is non-repainting or backpainting .

Note : Every customer who wants to have the older version v_1.75 with the statistical results in the panel (if the older verion was deleted during updating to v_1.80) please just let me know by a private message  and I will send him again the older v_1.75 file.

Inputs

Basic Settings

LB Period -  LB # of bars for calculating the Darvas Boxes

Entries Mode – options for Entering the Market

• Single_Entry_Mode :  only 1 Position for each direction
• 2_Additional_Entries_Mode : up to 2 additional positions for each direction

Exits Mode ( only for Single_Entry_Mode ) – options for Exiting the Market

• Reverse Mode
• TP and SL_Levels - fully adjustable (displaying,color,values)
• Fast & Slow MAs Crossing - fully adjustable

Note : for the 2 Additional Entries Mode the Exits Mode is by default the Reverse Mode

Position_1,2 and 3 Lot Size for 2_Additional_Entries_Mode – for the correct calculation of the Average Entry Price if we use the 2_ Additional_Entries_Mode

Exit Modes' Settings

• TP and SL Levels – for selecting TP and SL pip values if Exiting with a SL/TP
• MAvgs Parameters – for selecting the parameters of 2 Mov.Averages if Exiting with their crossings.

Displaying Settings - for selecting which chart objects and features to show/activate.

Graphical Settings - for selecting the color, size and distances of drawn objects like

• Vertical Line locating the last Entry Signal
• Entry Price Level Horizontal Line for the current open position
• TP/SL Levels Horizontal Lines
• Exit MAs Lines
• Chart Background Color Changes according to Trade Type

Arrows Settings - for controlling the Arrows use for Entry and Exit Signals.

Panel Settings - for controlling the use of the Trade Info Panel

Note : All Panel Infos are Real Time Updated while the Panel is fully color adjustable and can be moved anywhere in the chart.

Alert Settings - for controlling the use of Entry and Exit Alerts like

• MT4 Alert Message
• Email Alert
• Push Notification Alert

For EA Developers

Top of a Box :                                                                  Buffer = 0

Bottom of a Box :                                                             Buffer = 1

Buy Arrow :

(Single_Entry_Mode/

1st position for the 2_Additional_Entries_Mode)                 Buffer = 2

Sell Arrow :

(Single_Entry_Mode/

1st position for the 2_Additional_Entries_Mode)                 Buffer = 3

Add_Buy_2 Arrow :                                                           Buffer = 9

Add_Sell_2 Arrow :                                                           Buffer = 10

Add_Buy_3 Arrow :                                                           Buffer = 11

Add_Sell_3 Arrow :                                                           Buffer = 12

Custom_Exit_Signal :                                                         Buffer = 13

Exit_fastMA :                                                                     Buffer = 20

Exit_slowMA :                                                                    Buffer = 21

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