DislikedWhy did you enter at 1.4627 and not somewhere around 1.4640. See chart.Ignored
This is what I had on the EU. I had a box low at 1100 GMT of 1.4644. With the 3 pip buffer the bottom of my box was 1.4641. I hope this helps. I use IBFX.
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DislikedWhy did you enter at 1.4627 and not somewhere around 1.4640. See chart.Ignored
DislikedThis is what I had on the EU. I had a box low at 1100 GMT of 1.4644. With the 3 pip buffer the bottom of my box was 1.4641. I hope this helps. I use IBFX.Ignored
DislikedDon't get me wrong.
I KNOW the method really well. I was only wondering if you were doing the right thing. Remember time is between 11:00 and 13:00 GMT. You are actually showing 15:00 OR 16:00 GMT on your posted chart. If you use ibfx your low between 11 and 13 GMT should have been 1.4652 and not 1.4644. Look at the attached pic.
If you are trading a different time period then i guess that's a different method not Nomo's.
Just looking out for you man, good luckIgnored
DislikedHi Bull:
I notice that you use an indicator that has a 10 pip buffer on each side, while the one NOMO uses one that has a 5 pip buffer. Question for you or NOMO or anyone really. The size of the box is different, does it make much of a difference, and is your entry 3 pips above or below the box line no matter the size of the buffer? Thanks for all your help
JimIgnored
Dislikedshort eur/usd 1.4695
sl 1.4735
tp 1.4665
+30
long usd/chf 1.0856
sl 1.0816
tp 1.0886
ongoing.Ignored
Dislikedshort eur/usd 1.4695
sl 1.4735
tp 1.4665
+30
long usd/chf 1.0856
sl 1.0816
tp 1.0886
ongoing.Ignored
DislikedHi nomoretoxic,
I am teaching myself to code and thought this would be a good project.
Please find attached an ea. I realise there is some discretion with the stop loss but I am using a fixed stoploss. I have allowed 5 pips above and below the box for the breakout and it sends an order 3 pips above or below the breakout candle. It will only allow one trade per day.
It might be handy for testing different times for the box as well as different take profit and stoploss scenarios. I have one of the inputs as candle time so you can nominate the timeframe if you want to try 15 minute bars instead which seemed to work quite well.Ignored
DislikedHi NOMO, just finished reading the thread and I love the simplicity of it. I've had 2 +20 trades today on eur/usd which is the only pair I trade. The first was the breakout of the Asian, BO candle was at 07:15 (London time, I think GMT -1) BO was only 3 pips above then pullback, entered at 08:30, small pb then full steam ahead.
Second was based on 10/12 consolodation period. BO at 12:30 small pb then down she went for another 20pips price has just pulled back from daily pivot.
I know my box is at diferent times than yours but my thinking is that this will work with any period of consolodation, if you disagree can you please explain why.
Thanks
DanIgnored
DislikedGreat morning. Just got my 20 pips on GU London session. Entry short at
price 1.8568
tp 1.8548
sl 1.8598
Funny thing is I got up to get a drink of water and there was the set up clear as day. Breakout candle was at 930 GMT. Any one else make the trade. If so were your numbers similar to mine. Thanks.Ignored
DislikedHi mappollo69, It's nice to see that somebody else take this trade. Just let me asking something, do yo set your TP in +30 just for balance the RR or for any other reason??
Thank you in advance
BullIgnored