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A Simple London Breakout 1,043 replies

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Attachments: A Simple London Breakout V.2
Exit Attachments

A Simple London Breakout V.2

If someone have problem with the EA, just edit the MQL and comment the line
Inserted Code
#property show_inputs

Quoting Slumdog8
hi guys, I was reading through and following this thread extensively last year, when it was still pretty inactive since 2013. Glad to see it has come alive again. I did extensive backtesting using EA back in the day but unfortunately have lost most my findings from back then, however it did show up some very promising results with varied settings. one thing was for sure tho.... if you use the martingale, there will come a point in time where it will wipe you account. my objective has been to try and find the most safest and consistent setting that...
"Don't pretend that things will change, if you always do the same" A.E.
Quoting Slumdog8
hi guys, I was reading through and following this thread extensively last year, when it was still pretty inactive since 2013. Glad to see it has come alive again. I did extensive backtesting using EA back in the day but unfortunately have lost most my findings from back then, however it did show up some very promising results with varied settings. one thing was for sure tho.... if you use the martingale, there will come a point in time where it will wipe you account. my objective has been to try and find the most safest and consistent setting that...

Ok I have a question I have downloaded the four files do I place both MQ4 files in the expert folder and both ex4 files same folder and which files do you use to get your display?

Robert
Just wish I could code
Quoting Robert52
{quote} Ok I have a question I have downloaded the four files do I place both MQ4 files in the expert folder and both ex4 files same folder and which files do you use to get your display? Robert
You only need the ex4 files. get familiar with the software before you even think about trading. Read some FAQs and guides on mt4/mt5.
Quoting mer071898
I've had to adjust my thinking to this strategy a little because before, we were concerned about catching the breakout and that was it. Now we're going to pull pips off the reversals that were plaguing us to help offset any full reversals we'll encounter and to be ready with trades already in place when the breakouts occur. Now, we will not catch every breakout, but that is okay as we are not going to sacrifice discipline for the sake of making profits, it doesn't pay to be greedy. Here you will find a revised version of my Simple...

dear sir, i have downloaded 2 volume indicators. when i attach to chart one indicator is worked in 1hr 30 mn 15 min and 5 min.. gave good result but suddenly it closed mt4 terminal. i then open mt4 but again and again this indicator making to close the mt4. can you kindly check that indicator and solve that issue please .
and the second one indicator is not at all opening. kindly check out the issues and bring back with working conditions.. really much thankful if i get this after solve... thanks in advance another doubt:: is this 3 tier breakout indicator is same one with modifications of mine that also taken from net only sir
Attached Files
File Type: mq4 BreakOutBoxesV1.21.mq4   37 KB | 838 downloads
File Type: mq4 BreakOutBoxesV2.06.mq4   58 KB | 1,102 download
Success is a Journey Not a Destination....... kind regards ramzam
Hello everyone ... I saw that all used 03: 00-06: 00 stop session 04:30 .. These values also apply to those who are GMT +1?
Quoting raffaboum
Hello everyone ... I saw that all used 03: 00-06: 00 stop session 04:30 .. These values also apply to those who are GMT +1?
For me those times are eastern standard time. NY Time.
Know your edge and trade within it
I try EA London ... i see open about 4 operations for direction ... How limit to 2 or 1 ? thanks
Quoting ramzam
{quote} dear sir, i have downloaded 2 volume indicators. when i attach to chart one indicator is worked in 1hr 30 mn 15 min and 5 min.. gave good result but suddenly it closed mt4 terminal. i then open mt4 but again and again this indicator making to close the mt4. can you kindly check that indicator and solve that issue please . and the second one indicator is not at all opening. kindly check out the issues and bring back with working conditions.. really much thankful if i get this after solve... thanks in advance another doubt:: is this 3 tier...

no one is supported here
Success is a Journey Not a Destination....... kind regards ramzam
I attach the fixed file (works on last build MT4).
Attached File
File Type: mq4 BreakOutBoxesV2.06.mq4   58 KB | 2,109 downloads
Quoting frankyol
I attach the fixed file (works on last build MT4). {file}
thanks frankyol , i wanna try it for demo, and i want to ask about time setting if i want to use pair eurousd
PUTRIPIPS
Tickmill WaroengForex.com All Time Return: 111.4%
Can anyone shed any light on how to apply the EA to an FXPRO account for this system. Had good results with it over the last few months but it's not always possible for me to be at a computer to open/close trades. I'm not too well up on the automated section of the platform!!

Thanks
So is anyone still using this system?
hi everyone
I built a simple code to draw the london box on JForex charts to use with london breakouts strategies

If anyone interested, follow this link
Survey for smileys on FF is active. Ask me.
Quoting Richard1537
So is anyone still using this system?
I have been testing it with the EA for about two weeks, but there are too many false signals for my taste. Big gains if you get a big breakout, but the "fakeouts" eat up all the profit.

To catch a good breakout you could perhaps set the entry level at +50% or -50% of the box. Then you would avoid the fakeouts and only trade really big breakouts. But I don't know how to adjust the EA for that...
Modified version of the 3 Tier London Breakout EA.:
Attached File
File Type: mq4 3 Tier London Breakout EA v1.3c.mq4   60 KB | 2,376 downloads

Now you can test a range parameters (time is in minutes format). Preferred settings for strategy tester in attached image.
Attached Image (click to enlarge)
Click to Enlarge Name: lb_settings.jpg Size: 140 KB

Best filter is initial range + min / max box size. But I cant find a "right" settings / filter for a long time. Have you any ideas?
Does anybody knows how to get the EA to work?

D.
Quoting DirkH143
Does anybody knows how to get the EA to work? D.
See also post #1381.

You need to edit the EA and delete/ comment line "#property show_inputs".
Quoting dominick1982
{quote} See also post #1381. You need to edit the EA and delete/ comment line "#property show_inputs".
Did not see that.

Thanks.
D.
Capital management is important you can withstand big drawdown.

Algorithms UPRAVLENIE capital:

Martingale- aggressive 1,2.4.8.16.32,64,

Fibonacci - medium 1,3,5,8, 11,23

Pair - medium 1,1,2,2,4,4,

secondary take profit put 1 to 2.
Quoting igorpl
Capital management is important you can withstand big drawdown. Algorithms UPRAVLENIE capital: Martingale- aggressive 1,2.4.8.16.32,64, Fibonacci - medium 1,3,5,8, 11,23 Pair - medium 1,1,2,2,4,4, secondary take profit put 1 to 2.
Have you tested all of those inputs already?
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