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A simple breakout system 59 replies

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Breakout Strategy - Simple and good RR

Quoting dvanderlinde
My system is just based on an idea I came up with. It is far from perfect and appreciate anyone telling me their methods and/or tweaking this one. I just want to find a consistent method with good pips. So I don't mind people posting what they think!

Thanks!
Which is what I am saying. On page one, someone mentioned how they backtested it, and it doesn't work. Well a few charts will shed light on his theory, so this way we can fix the issues. I for one would love to be apart of a project of that sort. Dvanderlinede since this is your system. Why don't you reveal to us some issues which you may of had, this way we can patch it up for you.
Hi dvanderlinde!

You have the similar system as mine. However, i have coded the EA but have not been backtest yet. I upload the EA here, so you could play around with the code. Please let me know if you need any amendment or something. And share with us with the good result.

Please put the TPeriod.mqh into folder c:/Program files/[Your broker mt4]/expert/include/*.*

EA Parameter Explain
extern string Trade_Period = "1D"; //"4H"=4 hours, "1D"=Daily, "1W"=Weekly, "S2"=UK+US Sessions
extern int Time_Diff = 2; //Your broker time minus GMT time in hours. 2 meaning 2 hours different
extern double lots = 1; //Contract to buy per trade
extern int SD = 10; //Stop loss distant in pips
extern int TD = 10; //Target distant in pips
extern int GD = 10; //Pending order distant in pips

The EA is just for hypothesis test. Therefore it does not include any money management.

Thanks.
Attached Files
File Type: mqh TPeriod.mqh   3 KB | 46 downloads
File Type: mq4 PRICE SCALP.mq4   7 KB | 39 downloads
**Keep Simple**
Quoting ~bull.bear~
Hi dvanderlinde!

You have the similar system as mine. However, i have coded the EA but have not been backtest yet. I upload the EA here, so you could play around with the code. Please let me know if you need any amendment or something. And share with us with the good result.

Please put the TPeriod.mqh into folder c:/Program files/[Your broker mt4]/expert/include/*.*

EA Parameter Explain
extern string Trade_Period = "1D"; //"4H"=4 hours, "1D"=Daily, "1W"=Weekly, "S2"=UK+US Sessions
extern int Time_Diff = 2;...
Thanks a million bull.bear!

I will test and optimize and share my results when I'm done!

Thanks,

Dustin
Quoting AmberLynn
It appears that this thread is going no where. Which is the reason why I took the time to explain what the definition of a breakout was. Along with examples which proves my point. Not to mention. Learning is done by BUILDING on someone elses foundation.
Thanks so much, I am now satisfied with your explanation and intention.
Quoting AmberLynn
I understand Clive. Well, if I could make a suggestion. Instead of saying" YOUR SYSTEM SUCKS, because I have backtested it." Let us try to patch the holes which it has.
I think we have got off on the wrong foot here my friend.There seems to be a bit of a misunderstanding.

I didn't say this system sucks. Not guilty. I would never say any system sucks as I have traded long enough to know what works for one guy doesn't work for another. Its the trader that usually sucks not the system.

And I couldn't agree more with you that working together with like minded individuals is the way to go for sure, thats the reason I posted here in the first place was because of your interest in the 1 min chart. I whole heartedly agree with you that if we can create a successful 1 minute strategy then we have cracked it for sure.

If the thread starter is happy to discuss it here then fine, lets go for it, but might be better to start a new thread about 1 minute trading strategies rather than diversify here.

Thats all I was saying so good luck with your 1 minute strategy and I would love to discuss further.

All the best clive.
Feel the Fear and do it anyway!!!
Quoting clivepackham
I think we have got off on the wrong foot here my friend.There seems to be a bit of a misunderstanding.

I didn't say this system sucks. Not guilty. I would never say any system sucks as I have traded long enough to know what works for one guy doesn't work for another. Its the trader that usually sucks not the system.

And I couldn't agree more with you that working together with like minded individuals is the way to go for sure, thats the reason I posted here in the first place was because of your interest in the 1 min chart....
Good morning Clive. I was not referring to something you mentioned. I was referring to what the creator of post number 11 mentioned.
  • Post# 27
  • Quote
  • Last Post: Nov 14, 2012 10:25am | Edited at 10:58am
dvanderlinde:

Try this. I make this easy and not confusing for the normal and reverse order.

Type=0 is normal order
Type=1 is reverse order


Edit: Time allowance is hour+minutes for parameter T01 &T02 (Exp: 2259)


Thanks.
Attached File
File Type: mq4 PRICE SCALP.mq4   7 KB | 46 downloads
**Keep Simple**
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