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Another simple breakout system 32 replies

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Simple Breakout System By Zach

Great, thanks for your feedback !
The news filter and a TP2+BE are in my plans ;-)
Quoting damiend
Great, thanks for your feedback ! The news filter and a TP2+BE are in my plans ;-)
I used ea to test, the test results are not good.I will try to change the box time to test again.Thank you for your ea, brother, great job！！！
Quoting domba
Another bad trade today, because break the rules.
hi,may i know how u break the rules?
Thanks to ErollZach for the sytem

Quoting damiend
Great, thanks for your feedback ! The news filter and a TP2+BE are in my plans ;-)
Thank you damiend for EA:
Your EA is running good.
Tested OK as a Signal only and Trade.

Need to improve for:
-Alert box message need name of Pair, so we know which pair is BO.
Your message only Sale or buy but we dont know which pair is BO if we open many pair.

More feature:
Trailing stop and break even is the best function for EA.
Scenario:
-after hit TP 1 , the SL is move from fibo 50 to fibo 100.
Or
- Trailing stop every step pips..

Today GJ was Hit TP using auto EA.
GJ hit TP2
EJ hit TP1
CJ hit TP1
If it's important to you, you'll find a way. If not, you'll find an excuse
Quoting kalawe
Thanks to ErollZach for the sytem
Yes +1, I don't want to take any credits for it, ErollZach did a great job with this strategy.

Ok for the EA improvements.
I'm not sure how to add an efficient trailing stop though. Every time I code & backtest an EA, I have the feeling that it performs better without trailing stop, the waves quickly trigger the trailing stop

PS : looks like GBPCHF hit TP1 too, nice
Quoting ErollZach
{quote} hi,may i know how u break the rules?
Not trading selected pair in post 1
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
Good news
Gbp usd hit TP
Aud usd hit TP
Eur usd hit TP
Nzd usd hit TP
I am wondering if this could work on different box time frame as im in London time zone and hard to wake up after 4am
Hello dear friend, thanks for your simple strategy, I am little confused about the hour box of your system, I live in California,u.s.a, do I need to draw the box from 0.00 to 8.00? Please help to recognize better this matter, regards
Quoting persia
Hello dear friend, thanks for your simple strategy, I am little confused about the hour box of your system, I live in California,u.s.a, do I need to draw the box from 0.00 to 8.00? Please help to recognize better this matter, regards
Hi persia
No problem you can do BOX time frame everywhere you live
hit TP
GJ
AJ

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Quoting persia
Hello dear friend, thanks for your simple strategy, I am little confused about the hour box of your system, I live in California,u.s.a, do I need to draw the box from 0.00 to 8.00? Please help to recognize better this matter, regards
The box is using GMT 0 = 21.00 - 5.00
NOW take a look your broker server mt4 time and sync with that time.
ask your broker for server GMT time.

example:
your server mt4 time is GMT +2 , sync time for your box according your broker server is=
23.00 - 7.00 = this is your box time on your MT4.
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Hi freids
The simple breakout is realy simple and useful i wish i got to know this method many years ago.
Zach god bless you
Quoting damiend
Hi guys, Attached is the EA (see post #219 to know more about it) version 1.2. I fixed the major issues that you have reported to me (Thank you again for your tests!). Below is the full list: Bug fix fibo hilow not correct, post #257 and #258 send an alert box when there is a breakout and TradingEnabled=false new input parameter to enter the trade at the breakout, without waiting for the candle to close Bug Always autotrade post #265 => not sure it will fix for this one...
HI Damiend,

Thank you for the EA, it works well in my demo

GJ 15m chart

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EA's inputs

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If it's important to you, you'll find a way. If not, you'll find an excuse
Hi Gemmafx,

Thanks for your feedback !

I'm making some tests in demo and some backtests these days, I will post some results.
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