DislikedYou want the instructions, etc... GO TO POST#1 and READ FROM THERE... as everyone else has done here.Ignored
..................................................
Should Trade with Broker offering low spread or wide spread? 12 replies
Variable spread vs FIXED spread & broker comment/feedback 6 replies
ECN, fixed spread or variable spread account? why? 1 reply
Oanda spread versus MB Trading spread 27 replies
1pips spread is showing as 18 spread, anyway to overcome? 1 reply
DislikedYou want the instructions, etc... GO TO POST#1 and READ FROM THERE... as everyone else has done here.Ignored
DislikedHey WHT, this is supposed to be my job here at FF!
..................................................Ignored
DislikedTime based BOs can be very profitable when they are first discovered - (big Ben etc)..but they are generally a temporary phenonomon, and in the old phrase.. they work till they dont...
Full marks to Eagle for this break..and thank you for sharing it.....
I´ve made pips from it and Im sure others have too...
I, along with many others, have tried to eye-ball charts to try to identify new patterns.. with great success at times, I must say. I´ve used both statictical programs and more recently EAs to scan data series to verify or disprove my and others different hypotheses.
In the last fortnight on another FF thread a talented and generous member called saaedb produced an EA for a similar type system (to Eagles) published by Nicotina that is one such useful tool in establishing the history and patterns of such timeBO opportunities. Heres the link in case you havent covered it :http://www.forexfactory.com/showthre...aaedb&page=111 the EA is called NicoaTinaBreakOut_V2.ex4
With respect to the author I have reservations about the accuracy of the current version of the code.. and more reservations because he has not released the code .. only an exe. Sorry, but I think its silly really because its good but hardly rocket science..
You must remember the big boys are using supercomputers to analyse the data for such opportunities..and even if they´re all not Im sure they check in with FF threads regularly, to see if they´ve missed something..LoL!Ignored
DislikedBeachBum.
In your first example:
"The first price spike marked by the "Hot Pink" vertical line broke below the box, but the Red MA line did not"....
Are you sure the red MA did not break below the box in the same time the price did break it?
You show an example where the price changed its way back upwards but in the real time, before it bounced back into the box, wasn't the red MA out of the box too?
and 1 more question: your MA's are weighted and periods are 1 and 5?Ignored
DislikedBeachbum,
This 1 hr BO box is great, helped me pick up alot of pips this morning, with no false BO's.
My Question- when my alert went off on the 1hr chart with the linear weighted average ma only, I dropped down to my 5min chart which I trade off, and price was still quite a bit away on the 5m chart of breaking out. Trading the ASIAN markets, the BO boxes were different sizes, and yes I took into account the box ending at the hour (2:00GMT) and (2:05 GMT on 5min) this made no difference. After I added candles to my 1 hr chart, the boxes were the same size at the London opening. Did you intend for the boxes to be different sizes (1hr vs 5min) which appears to occur when the MA lines are the only lines on the 1 hr chart, or did I do somehthing wrong?
Thank You for your time.Ignored