Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

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

Attachments: 4H Box Breakout
Exit Attachments

4H Box Breakout

Quoting Brle110
Why this chat group is dead when this system works
DO you still use this system ?
Yes
Why not to use it it only put 1 in a week a trade and that is all
HI, I went through initial pages and was impressed so i tried this system forward testing on demo account with positive result..
Quoting Ace284
{quote} Forex = uncertainty Thats the bottom line. The reason why there are good traders is because they understand the concept of money management. I'm under the impression that you have lost some money on the forex which is perfectly normal, happens to the best of us. This system is 90% mechanical. If you are a beginer than you should leave it like this. So the question is, how do you know when to use what strategy, or if the strategy is just performing well for the time being. It is difficult to know this and i'll be honest I don't know what...
Quoting Brle110
Yes Why not to use it it only put 1 in a week a trade and that is all
Any numbers you wanna share like number of trades you've done, % succesfull at R:R rate?

Or any backtest numbers or edges you've found?

Seems promising but can't imagine this system can be consistently profitable as it lacks any hard edge or system in place to avoid choppy/ranging markets.
Someone said that EurGbp, Dow, S&P 500 and FTSE behave the same as jpy pairs, house,has any one confirm these pairs?
Quoting pips info
1 more hour to go for the 1st candle to complete, then start the party!! Just reviewing EG pair, seem GBP is strong against EUR and JPY is stronger than both of them. So, I am thinking whether am I going for E/J or G/J pair? because I normally trade one of the pair only.
How is review on EurGBP?
FYI.
I backtested this on EJ H4 for the entire of this year Jan onwards.
Outcome is positive.

My trade plan may have some variations from ACE284
Here's my parameters:
I trade using 2 lots aka 2 positions.
Entry for trade is as per ACE284.
Once entry is triggered, I have 2 lots executed.
If SL hit, that means I suffer 2 lots loss.
If TP1 hit, I will bring 2nd position to BE.
If TP2 hit, I'm totally out of the trade.

Based on above parameters, outcome is positive.
I look forward to backtesting more pairs, including Indices.
Happy trading!
Quoting sojournerr
{quote} Ace and a few members have backtested this, this method gave decent results risking 2% per trade, the most recent in 2008. This is not a quick-get-rich method, but it teaches that patience and decent methods can be profitable - the biggest obstacle is the trader himself, if he can handle the drawdown and ignore the hourly noise. Any method will suffer a drawdown, and losing is part of the game. Traders have to accept that the market will do what it wants to do - therefore, you have no control over whether your stoploss or first/second TP...
Please I need a copy.

Omoro4life.
Quoting Ace284
Low boundary has been broken on GBP/JPY and EUR/JPY. The 1x target was quickly reached but I haven't taken any profits yet. {image}
Please I want this indicator
Does any one still use this strategy im using and the reaults are good is there any one else
i downloaded the EA created by one of the trader here on this thread, and back tested it and the result is negative using 4H TF.
i suggest the coder to add more functions where one of the pending orders is triggered and once in positive profit a trail stop to break even will move using (using the 15 or 5 minute period.
i also suggest to get the body size of the first 4H BAR (monday bar 04:00)
and calculate this bar high and low to get the exact point value in order to get the exact lotsize
with risk per trade 1%.
where: range of bar=MathAbs(High-Low)/Point ====for fx pairs
also add the calculation for non fx pairs like metal and crypto and other pairs.

also add drawdown with a max of 3% of account equity or balance.

after hit sl or tp of each side of first entries when price touch this zone or levels again where price is within this zone pending will trigger again and again as long as the end of the week reach (friday) will close all orders..
thank you.

attached files:
Attached File(s)
File Type: ex4 WeeklyTrader.ex4   20 KB | 62 downloads
Attached File(s)
File Type: mq4 WeeklyTrader.mq4   11 KB | 77 downloads

i forgot where that link or post with this files here on this thread.
but here i found the post link
https://www.forexfactory.com/thread/...0#post11311400
Does anyone still trade with this strategy manually?
Quoting vmd108
Does anyone still trade with this strategy manually?

Yes.
Similar strategy New York Sunday 5PM candle.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep23 4H trade 25-9-2024 9-03-55 am.png Size: 31 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Weekly Sideways Range Bound market conditions

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Sep25 Weekly market type 25-9-2024 9-27-22 am.png Size: 25 KB



Weekly 4H

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Sep23 4H trade 25-9-2024 9-22-40 am.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Weekly Sideways Range Bound market conditions {image} Weekly 4H {image}

Back to Weekly 4H range

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Sep25 NYO 25-9-2024 9-22-18 pm.png Size: 29 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Yes. Similar strategy New York Sunday 5PM candle. {image} ...
sunday market closed

i think its monday
0 traders viewing now