Horizontal line system

GBPUSD
I entered late price reached 100 pips above daily open but i only got 75 pips

gbpusd
never let your winner go away

a lot of days gbpusd reached 100 pips above/below the open

Hey, I am a big fan of TRO too.

Can you please explain more about your exit strategy?
Here for example you exited at 100pips but how did you know to hold this trade and not exit much sooner?

Please I think this could help many struggling traders, myself included.

Thanks 1dominican for this thread, excellent work!

Thanks all

Thanks for sharing the link. I found a few indicators.

bro this indicator can't use "this indicator has expired on 2025-01-31".

Sorry about that. I always put an expiration date in indicators and expert advisors I share on internet, because unfortunately some people take other people's work and sell it for profit. To prevent that I always have it expire.

Here is an updated version that is good until 2025-07-01:

Same thread, a long time ago
https://www.forexfactory.com/thread/...-sibkis-system

Hi

The entry point for the transaction is clear, the exit point with a loss is clear, 11 pips, but the profit limit is unclear. Does anyone know how the TP is set?

Just made an indicator for TradingView, it looks good for an EA because it really needs some optimization (allow both directions or not, allow more than 1 entry per day, risk to reward, trade only on session or anytime etc).

For now it seems to be a nice idea to take both directions, because most of times when SL the other TP is hit, so at least you close the day on BE (if RR 1:1).
Attached some manual backtest on EURUSD 30m.

Additional note: probably a good idea to close half position on RR 1:1 and BE the rest, then let run or bigger RR, because it usually trends hard after TP1.
Also, range days will kill you.

Almost done, guys. The EA is already coded and currently being backtested. I always run backtests on multiple assets using over 10 years of tick data — anything less isn't meaningful. That's why it takes a bit of time; probably 1–2 more days, I’d say.

After several backtests and optimizations, these are the results for some assets. All tests were run with 25ms latency and real tick data, which is why some have trades dating back to 2012, others from 2013 or 2017 (depending on the availability of real tick data from the broker).
All use a 1% risk per trade based on the SL, and the values shown are the best results obtained through optimization in the MT5 strategy tester (changing any parameter will result in worse performance).
In every case, the 1H 23-period ATR is used to determine both the entry level and SL. The TP is based on a risk-reward ratio relative to the SL.

EURUSD:
Entry ATR: 3
SL ATR: 2
R:R: 2
Conclusion: Undoubtedly the best asset for this strategy, with a 1:2 risk-reward ratio and only a couple of sideways periods in the equity curve. However, it's important to note that the second flat period lasted 2 full years, meaning the strategy didn’t produce positive returns for 2 consecutive years until it eventually broke upward again to this day.

USDJPY (not recommended):
Entry ATR: 3.5
SL ATR: 0.5
R:R: 4
Conclusion: The risk-reward ratio is huge and the SL is minimal, but tweaking the parameters results in much worse performance. The main downside is the two major drawdown/flat periods in the equity curve: from July 2018 to March 2021 (over 2 years without a positive return), and the final stretch which hasn’t recovered its all-time high since January 2023.

XAUUSD (not recommended):
Entry ATR: 6
SL ATR: 2
R:R: 5.5
Conclusion: While the risk-reward ratio looks impressive and it may seem possible to reduce it, doing so significantly worsens the stats. The worst part of the equity curve is a huge stagnation period with no gains from November 2016 to January 2021 (5 years!) with no positive return.

BTCUSD:
Entry ATR: 5
SL ATR: 1
R:R: 6
Conclusion: The configuration is similar to gold’s, but the performance and stats are much better, and it doesn’t stay stagnant for so long. BTC is a far better choice for this strategy than gold. Still, don’t forget that it also experienced a flat period from June 2018 to May 2020 (2 years).

Summary:
If you want to use this strategy, personally, I would diversify my capital across several assets to avoid the prolonged stagnation periods shown. That said, I honestly wouldn’t bother trading this system if you have others with more consistent returns.
Hope this helps — best of luck in your trading!