EMA 50 added?for trend identifier?
Another simple breakout system 32 replies
Simple Breakout System By Zach (EA) 56 replies
Simple Breakout System By Zach 468 replies
Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies
GBP/USD simple breakout system 146 replies
Disliked{image} Hi, just my 2 cent. I add default bollinger band as early breakout confirmation. BO confirmed when pair crossing middle line of BB, or pair bounched of this middle BB line. Then I just put 10-15 pips SL at the oposite of breakout side. I found that by adding this BB indi we can be more precise deciding the timing for OP, reducing the stop loss distance and of course optimizing the profit.Ignored
DislikedHi Zach, Read both of your threads and have come up with my own plan to try and apply the strategy to daily charts. Just wondered what you think of it? My Plan Look at previous Monday>Friday for trending currency. From previous week, draw Fib levels from high to low. Or, low to high. Place buy sell on next opening candle after the 100 Fib. level. But: Only do this if there is a notable difference in currency strength. And, Do not place any orders on currencies that are subject to high impact news on 'breakthrough' days. Ignore them. T/P is 161.8...Ignored
Disliked{image} Hi, just my 2 cent. I add default bollinger band as early breakout confirmation. BO confirmed when pair crossing middle line of BB, or pair bounched of this middle BB line. Then I just put 10-15 pips SL at the oposite of breakout side. I found that by adding this BB indi we can be more precise deciding the timing for OP, reducing the stop loss distance and of course optimizing the profit.Ignored