Thanks nomoretoxic for rundown on limit order entry. Have had about 0 experience with breakout systems so your system will be tried - after stop entry in second GBPJPY chart shown above fails of course. Stops would have placement 10 pips either side of box.
Systems that look like the one on this chart have a way of not performing as well as they look, at times losing a lot of money, though tkimble apparently is able to make them work. Would be interested to hear your opinion on why something that looks so simple and effective does not work?
(Colored so called "billiard balls" on the two charts are FF news announcements of Plot_NEWS indicator: See: New!! - Plot News indicator thread. Hover curser over the billard ball and get Previous, Forecast, Actual. Also, use Alert_News auditory signal adjustable to 5-1 minutes before event and included in download of Plot_News aparatus.)
Systems that look like the one on this chart have a way of not performing as well as they look, at times losing a lot of money, though tkimble apparently is able to make them work. Would be interested to hear your opinion on why something that looks so simple and effective does not work?
(Colored so called "billiard balls" on the two charts are FF news announcements of Plot_NEWS indicator: See: New!! - Plot News indicator thread. Hover curser over the billard ball and get Previous, Forecast, Actual. Also, use Alert_News auditory signal adjustable to 5-1 minutes before event and included in download of Plot_News aparatus.)