4H Weekly Box Breakout [TD]
This system was based off of this system introduced to us by Ace284
The EA is TickDatabase enabled.
Note: You can enable all of the stoploss options if you so choose, just keep in mind that the EA will use the tightest stoploss available to it.
No trade trigger
Week status is none, I'm looking into it. Thanks for the heads up.
Have you looked at danno96's variations to the money management? It really overhauls the original 4H system. Link: http://www.forexfactory.com/showpost...postcount=2654
Hi! Can we add Danno's variation to the system that Ace also incorporated and/or said is a good idea:
When TP #1 is hit, EA now moves SL to BE +20.
When TP #2 is hit, EA now moves SL to TP #1
When TP #3 is hit, EA now moves SL to TP #2
Ans, Move SL to 3X when price reach 4X and let profit run to WE
4) Do not trade when range is > than 200, SL will be > than 2%
5) Do not open new trade within the last 3 candle for the week but allow existing trade to run to last candle of the week
And incorporate Ace's Weekly ATR rule where it adjusts to a reasonable target other than TP4 when TP4 is beyond the Weekly ATR.
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