do you use buy and sell stops above and below the zone? how do you enter the trade?
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DislikedThanks for the response!
NOT to be to "demanding" here...
But could some kind soul add an AUDIBLE ALARM to these boxes? Would allow us poor east coast USA traders to get SOME sleep
Thanks again to EVERYONE who contributes to this board!!Ignored
DislikedIt works well with the small change of time (6 to 9) and it is great for GBP based pairsIgnored
DislikedFirst of all, a very big THANK YOU to Eagle!!!! It was very kind of you to share the indicator. It works well with the small change of time (6 to 9) and it is great for GBP based pairs (although the spread for the GBP/JPY can be 9 pips at some brokers, which makes that pair hard).
Secondly, for us poor souls who live in EST (of the USA) and who must trade like vampires in the night.... I use "alertfx.com" to set alerts when price hits the break out points (or near them). The messages go to my phone via SMS and I created a loud noice that wakes me up. And best of all.....it is free!
I hope this helps.
Again....thanks to all who have such great ideas on this thread. It blows me away to see a community of positive people who try to help each other.
Thanks!Ignored
DislikedHi Eagle do you use a 15 pip stop or not? also my MT4 server is set to central europe time so what time should the breakout box be set to, i have idea but it needs to be confirmed 06:00-09:00 or 7:00-10:00 is that right or not.Somebody please confirm what we should be using.
With Many Thanks
David-TIgnored
DislikedI read the thread and could never figure out the actual time parameters of the box.
I matched up Eagle's charts with GMT time and this is what I found-
He's running his box from 0400 GMT until 0700 GMT.
As far as what is considered a breakout- I still don't know.
Is it 1 pip above/below the box?
If so, the spread needs to be added to the long entry.Ignored