DislikedYes, vLow is always less than vHigh... I'm glad to know that some trader use this indicator.Ignored
Hmmm... will try that easy workaround...
Inserted Code
ObjectCreate(objname,OBJ_RECTANGLE,0,dt1,vLow,dt2,vHigh);
A Simple London Breakout V.2 1,487 replies
Another Simple London Breakout System (with a twist) 46 replies
Simple london breakout v.9.2 error 1 reply
DislikedYes, vLow is always less than vHigh... I'm glad to know that some trader use this indicator.Ignored
ObjectCreate(objname,OBJ_RECTANGLE,0,dt1,vLow,dt2,vHigh);
DislikedPS: my only concern with such an EA .... I think there have been tons of breakout strategy EA on FF and I don't know if any are really profitable, or if this would not be re-doing what others did (eventually better). What do you think?Ignored
QuoteDislikedWhat is meant with the second or third trade???
QuoteDislikedFrankfurt opens at 0600 GMT
London opens at 0700 GMT
This is due to Summer Time (DST)
This year, Summertime is from March 28 until October 31.
QuoteDislikedG/J long stopped out !!! entry 144.19, sl 143.87 , tp 144.60
QuoteDislikedattached below the corrected version of previous London Breakout 2 indicator. now buystop is always on the top edge of the box, sellstop is always on the bottom edge. also this indicator permit you to use StartTime = 22.00 and EndTime = 03.00. you can use London Breakout 2 template located on the first page
QuoteDislikedPS: my only concern with such an EA .... I think there have been tons of breakout strategy EA on FF and I don't know if any are really profitable, or if this would not be re-doing what others did (eventually better). What do you think?
QuoteDisliked0400-0700 GMT Breakout Strategy 2892
7am-9am Big Dog USD Breakout Strategy 2515
4H Box Breakout 5023
BREAKOUT seem to rule
DislikedUsd/Chf hit the entry quick and then stalled, similar to Usd/Jpy. I'd give it til 03:00-04:00 then close out for a small loss if you have to.Ignored
DislikedYes I'm sure it probably could, but that's not what the thread is about. If you want to try it out that way, be my guest.Ignored
QuoteDislikedMy backtest showed me, that almost the whole time USD/CHF is doing the opposite of EUR/USD (as we know, there is a anti-correlation)... so wouldn't it be better to leave out USDCHF?
QuoteDislikedI think the concept with FIBs looks promising... nevertheless I changed your rules in two simple point...
One change is according to SL... I set my initialStopLoss in the middle of the box... Backtesting showed, that I will have only a few more losses but therefore smaller ones...
QuoteDislikedlot of times they are retracing after touching our entry levels. would it be prident to wait for a retracement and enter at a better price instead of blindly placing orders as per system ? we could miss some good trades but overall it gives better RRR
Disliked[color=Blue]Okay, I think we really need to understand that this strategy is just a base for you to trade off of and not to be construed as the perfect way to trade. We can have 100 people come in here and nit pick thing thing apart all day long if we wanted to, but I hoping it doesn't get that way. Take it and modify it how ever you choose. If you feel the fib levels are too close, move the entry point farther out, that's why I included two indicators in post #1. That's the beauty of this, change it to fit how you trade. For me, personally, I have...Ignored
QuoteDislikedYesterday we got of to a winning start..JUST!
+16 pips on a sell order for EUR/GBP.
QuoteDislikedI read your thread over the weekend and tried it yesterday on my live account......I normally trade off intraday and daily fibs and adding this strategy did wonders to my own way of trading....for the time being I tried it on GBPUSD and EURJPY.....as those are the only pairs I trade normally......I will keep posting my views over the next few days while I test it out.....but for me this strategy is definitely a keeperhttp://cdn.forexfactory.com/images/s.../yim/happy.gif thanks