i use this ea to manage my order ...tto close part of my trade and move sl to break evenin order for it to work you must blank out the trade comment. try it ......it works great
Attached File(s)
Box Breakout indicator 196 replies
Breakout EA based on New York Box 3 replies
4H Weekly Box Breakout [TD] 4 replies
EURUSD Box Breakout 6 replies
Breakout Box 5 replies
DislikedHi Steve,
I have 1 question ....Suppose if our SL of Sell order gets hit and also Buy order gets executed, can we place Sell order again in the same week or shall we wait for next week for the new order for any particular pair.Ignored
DislikedThe system says to set up on Monday morning and that is it, if your stop gets hit, you are out......!!!
Of course do whatever you want, be careful with your cash though,
cheers SteveIgnored
DislikedHi PUNDIT78 ----I shall try and post the chart next time, I will run through it again though,
The strategy is ----look at the FIRST 4 hour CANDLES of a Jpy pair on Monday morning Australian time, (9 am, 10am 11am 12midday)
note the high and add 20
note the low and subtract 20
Subtract the low from the high to use as a Trailing Dynamic Stop loss..ie if high was 1.5480 and low was 1.5420..the stop/loss would be 60.
Create an entry order BUY for the high with the 20 added (demo account)
Create an entry order SELL for the high with 20...Ignored
DislikedThis week's highs and lows are:
Gb/jpy buy at 143.79
gb/jpy sell at 142.65 stop loss at 74 pips
us/jpy buy at 95.16
us/jpy sell at 94.36 stop loss at 40 pips
eur/jpy buy at 122.89
eur/jpy sell at 121 .87 stop loss at 62 pips
total risk is 352....all the stops added together
feel free to post away cheers, steveIgnored
QuoteDisliked]]]
Ace284
Looking for confluence
Member Since Feb 2009
452 Posts
I've seen breakout strategies for daily and weekly. I've never seen one like the one i'm about to present.
DRAW a box connecting the high of the first 4hr candle(00:00) of the week with the low along with a buffer of 20 pips on each side.
The week starts at the open of the Australian session.
If I...
DislikedHello again, hope you don't mind me posting the rules from Page 1..there is confusion about the time zones and the start of the 4 hour candles from your brokers,
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Thank you Steve for your response. But when I insert that Indi of 1 box a and b , it automatically tells me where to go long , n short n TP 1, 2 etc on both sides! Its wonderful! No calculation atall!!!Ignored
DislikedHello Steve,
A few days follow the forum and saw that has a great period in which it was practically inactive from 2009 until 2013, when he began to have movement. I noticed that you are one of the most active and most helpful forum or other colleagues. I wonder if you even used this strategy in other pairs in the time of England and the United States.
Another question. You have a backtest this system for years prior?
Thank you and success
LucianoIgnored