Multiple Currency Breakout System (Mobile friendly) | Forex Factory

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Multiple Currency Breakout System (Mobile friendly)

  • #1
  • First Post: Edited Jan 18, 2020 11:32pm Oct 28, 2018 1:09am | Edited Jan 18, 2020 11:32pm
Grind until you no longer have to introduce yourself. 4:30am club
  • #2
  • Oct 28, 2018 1:27am Oct 28, 2018 1:27am
There’s a lot of backtesting and forward testing to be done. Past performance is not indicative of future results.
Grind until you no longer have to introduce yourself. 4:30am club
  • #3
  • Oct 28, 2018 11:16am Oct 28, 2018 11:16am
Hi FXMD
Nice continuation from you're other thread.
I notice a few errors in you're material (minor) firstly on post one you said buystop at low ...should be high.
Secondly in the pics on post two you show a buy setup with a 14 pip box and a no trade setup with a box size of 25. You said min. box size 15 and max. box size 30.

Not a big deal but just not to confuse anyone.

Goodluck with this system, I will be checking it out as you proceed. I would test it for you but I am testing several other strats. presently.

Chris
  • #4
  • Oct 28, 2018 11:22am Oct 28, 2018 11:22am
Thanks for your contribution
  • #5
  • Oct 28, 2018 11:27am Oct 28, 2018 11:27am
Quoting cfudge
Hi FXMD Nice continuation from you're other thread. I notice a few errors in you're material (minor) firstly on post one you said buystop at low ...should be high. Secondly in the pics on post two you show a buy setup with a 14 pip box and a no trade setup with a box size of 25. You said min. box size 15 and max. box size 30. Not a big deal but just not to confuse anyone. Goodluck with this system, I will be checking it out as you proceed. I would test it for you but I am testing several other strats. presently. Chris
Info is updated and corrected.
Grind until you no longer have to introduce yourself. 4:30am club
  • #6
  • Edited 12:53pm Oct 28, 2018 12:37pm | Edited 12:53pm
Hi Fxmd

I didn't understand if all box (included candles) must be above/below of MAs?
Please see screenshot attached and extracted from PDF page2.
Based on rule5 post1 it should be no trade.
I found also box between MAs but rules 3&4 say price below/above both MAs.
Please clarify for my understanding.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.png Size: 163 KB
Attached Image
  • #7
  • Oct 28, 2018 1:30pm Oct 28, 2018 1:30pm
Quoting Merka
Hi Fxmd I didn't understand if all box (included candles) must be above/below of MAs? Please see screenshot attached and extracted from PDF page2. Based on rule5 post1 it should be no trade. I found also box between MAs but rules 3&4 say price below/above both MAs. Please clarify for my understanding. Thanks {image} {image}
Price must be above or below both MAs and price shouldn’t touch any of the MAs while it’s creating the box.
Grind until you no longer have to introduce yourself. 4:30am club
  • #8
  • Oct 28, 2018 1:55pm Oct 28, 2018 1:55pm
Quoting Fxmd
{quote} Price must be above or below both MAs and price shouldn’t touch any of the MAs while it’s creating the box.
Thanks
  • #9
  • Oct 28, 2018 3:49pm Oct 28, 2018 3:49pm
Quoting Fxmd
{quote} Price must be above or below both MAs and price shouldn’t touch any of the MAs while it’s creating the box.
hi, when do you place the pending orders?
you create the box from 6 to 7, do you wait for 8 to place the order or do you place the order right after you create box? a lof if times price breaks the box after 7 and goes the opposite direction. so maybe its better to wait for 8 oclock candle to close.
  • #10
  • Oct 28, 2018 6:52pm Oct 28, 2018 6:52pm
Quoting hibra68
{quote} hi, when do you place the pending orders? you create the box from 6 to 7, do you wait for 8 to place the order or do you place the order right after you create box? a lof if times price breaks the box after 7 and goes the opposite direction. so maybe its better to wait for 8 oclock candle to close.
Place the order after a valid box is created
Grind until you no longer have to introduce yourself. 4:30am club
  • #11
  • Oct 29, 2018 3:13pm Oct 29, 2018 3:13pm
Its interesting that you are back on FF but it seems this is a hard one but still its highly welcome and going to be learned and tested as all your strategy. THANKS YOU ARE WELCOME ..
  • #12
  • Oct 29, 2018 5:25pm Oct 29, 2018 5:25pm
Gonna give it a try
First trade EURUSD sell
Please make sure I am coprrect
Chris
Attached Image
  • #15
  • Oct 29, 2018 7:22pm Oct 29, 2018 7:22pm
what timezone is 6-7?
  • #16
  • Oct 29, 2018 8:47pm Oct 29, 2018 8:47pm
Quoting ohleclaire
what timezone is 6-7?
you're supposed to trade you're desired session(s) 6-7 was just an example
  • #17
  • Nov 1, 2018 3:37am Nov 1, 2018 3:37am
Hi, Fxmd

First thanks for this SIMPLE system.

Second : May I ask what is a :"...5. Martingale compatible." and how do you manage this martingale ?

Best Regards

BBF

PS : I'm disappointed with the low traffic od this thread.
BigBlackfeet Always on the(forex) war path !
  • #18
  • Nov 1, 2018 6:49am Nov 1, 2018 6:49am
Good morning London open this morning was amazing all 13 pairs on my watch list has hit at least target 1,but the thing is validity kicked off most according to the rules NZDJPY and NZDUSD are the 2 trades I took and they were successful.....I have setup the box for each trading session and created profiles in MT4,amazing BO trading system,thank you so much Fxmd :-)
  • #19
  • Nov 2, 2018 12:55am Nov 2, 2018 12:55am
Subs. Thanks and
Regards
  • #20
  • Nov 2, 2018 1:53am Nov 2, 2018 1:53am
It is very good system. Will follow properly.
Always Be +ive
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