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Forex Breakout Direction Indicator

  • #1
  • First Post: Edited Feb 2, 2022 10:36pm Jul 1, 2017 5:36am | Edited Feb 2, 2022 10:36pm

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  • #2
  • Jul 2, 2017 1:22am Jul 2, 2017 1:22am
Starting next week, I will be trading all 28 main forex pairs on the VPS to continue to research which are the best and worst pairs to trade on this breakout system.

I also will be trading a 2nd account on NZDCHF, EURNZD, NZDJPY and GBPJPY to see if these pairs perform well on there own account
  • #3
  • Jul 2, 2017 1:32am Jul 2, 2017 1:32am
Good Luck with your tests, i hope ur results are good...
  • #4
  • Jul 2, 2017 12:18pm Jul 2, 2017 12:18pm
Quoting Mortas
Good Luck with your tests, i hope ur results are good...
Many thanks. Are you testing the indicator out this month?
  • #5
  • Jul 2, 2017 12:33pm Jul 2, 2017 12:33pm
Quoting krager
Starting next week, I will be trading all 28 main forex pairs on the VPS to continue to research which are the best and worst pairs to trade on this breakout system. I also will be trading a 2nd account on NZDCHF, EURNZD, NZDJPY and GBPJPY to see if these pairs perform well on there own account
good luck with the testing.
curious to see your result.
without wanting to sound negative, the prior month's result shows so many more losing pips than winning, and that coupled with the chance that pair characteristic changes time to time, suggest that both that luck is needed, and especially on a live account trading the 28 pairs would be a death sentence, unless the next month has a huge turn around.
should that happen, then after the 2 months results it would be a 50:50 situation...
1 month testing the indicator is thus useless, since whatever results it gives it wouldnt be conclusive, unless another big pip loss result, that deem it useless on its own right.

hope you follow the logic, and understand that at this point a 1 month free tryout has little means, however generous it might sound.
there is always, always another trade!!
  • #6
  • Edited 1:37pm Jul 2, 2017 1:26pm | Edited 1:37pm
Quoting profitfarmer
{quote} good luck with the testing. curious to see your result. without wanting to sound negative, the prior month's result shows so many more losing pips than winning, and that coupled with the chance that pair characteristic changes time to time, suggest that both that luck is needed, and especially on a live account trading the 28 pairs would be a death sentence, unless the next month has a huge turn around. should that happen, then after the 2 months results it would be a 50:50 situation... 1 month testing the indicator is thus useless, since...
Hi Profitfarmer,

Thanks for your comments. The whole aim is to find the best and worst forex pairs for my system and share it with everyone, for them to choose if this is something they wish to purchase in the future. No hard sell. No bull shit.

I agree, it maybe a few months, before a trend in an pair happens. The future and time will only tell.

Regards
Craig
  • #7
  • Edited Jul 3, 2017 12:35pm Jul 2, 2017 10:47pm | Edited Jul 3, 2017 12:35pm
Quoting profitfarmer
{quote} good luck with the testing. curious to see your result. without wanting to sound negative, the prior month's result shows so many more losing pips than winning, and that coupled with the chance that pair characteristic changes time to time, suggest that both that luck is needed, and especially on a live account trading the 28 pairs would be a death sentence, unless the next month has a huge turn around. should that happen, then after the 2 months results it would be a 50:50 situation... 1 month testing the indicator is thus useless, since...
Just to confirm, I'm not suggesting that traders should trade ALL 28 pairs at the same time on this system. I'm showing you and logging the results per forex pair on this system.

Regards
Craig
  • #8
  • Jul 3, 2017 12:23pm Jul 3, 2017 12:23pm
On the forex pairs watch list, we had a no trade on NZDCHF and EURNZD

The Forex Breakout Direction Indicator, doing a good job, keeping us out of a none-breakout trade, by showing NO TRADE

GBPJPY and NZDJPY still active trades
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD NO TRADE 03.07.2017.png Size: 45 KB
  • #9
  • Jul 3, 2017 12:29pm Jul 3, 2017 12:29pm
A good Risk / Reward 1:2 trade on EURCAD today , on my demo testing account
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 03.07.2017.png Size: 50 KB
  • #10
  • Jul 3, 2017 12:32pm Jul 3, 2017 12:32pm
One of the great indicators I use in all my trading systems, is the !XPS v7 Profit Indicator (shared to me by one of my customers < thanks!)

Currently shows pips in profit or lost per currency pair. Currently all my active trades are 108 pips in profit

Regards
Craig
Away From Keyboard Forex Limited
www.forexbreakout.co.uk
Attached Image (click to enlarge)
Click to Enlarge Name: !XPS v7 PROFIT Indicator.png Size: 30 KB
Attached File(s)
File Type: ex4 !XPS v7 PROFIT.ex4   7 KB | 540 downloads
  • #11
  • Jul 6, 2017 12:25pm Jul 6, 2017 12:25pm
Weekly results from the FBDI Demo testing account

Results on fxblue https://www.fxblue.com/users/afk-for...8649416#symbol

Good results from AUDCHF, EURAUD, CADCHF, CADJPY, NZDCAD, GBPCAD and GBPCHF this week
Attached Image
  • #12
  • Jul 6, 2017 12:31pm Jul 6, 2017 12:31pm
Quoting krager
Starting next week, I will be trading all 28 main forex pairs on the VPS to continue to research which are the best and worst pairs to trade on this breakout system. I also will be trading a 2nd account on NZDCHF, EURNZD, NZDJPY and GBPJPY to see if these pairs perform well on there own account
On the FBDI real account, trading the best pairs from June

w/c 02.07.2017
Pips banked = 119.6
Account growth = 1.1%

Results on myfxbook https://www.myfxbook.com/members/afk...i-real/2174837

Only GBPJPY activated this week

Regards
Craig
Away From Keyboard Forex Limited
www.forexbreakout.co.uk
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY wc 02.07.2017 - 08.07.2017.png Size: 51 KB
  • #13
  • Jul 6, 2017 12:42pm Jul 6, 2017 12:42pm
I do not trade on the US Non-Farm Payroll days, so a long weekend for me.

Going away, so will have limited access to emails.

Speak soon
Craig
  • #14
  • Jul 10, 2017 2:25pm Jul 10, 2017 2:25pm
A nice false breakout move on the GBPCAD today, captured 87.5 pips, 2% account growth on our demo testing all pairs account

www.forexbreakout.co.uk
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD 10.07.2017.png Size: 48 KB
  • #15
  • Jul 10, 2017 2:27pm Jul 10, 2017 2:27pm
Note, indicator values set to zeros between the close of the daily candle and the first 1 hour candle, whilst the indicator runs the logic for the next signal. By 11.01pm GMt time, the next signal will be painted and will not re-paint
  • #16
  • Jul 16, 2017 11:59am Jul 16, 2017 11:59am
Some good results for last week

w/c 09.07.2017 - 15.07.2017
Attached Image (click to enlarge)
Click to Enlarge Name: wc 09.07.2017.png Size: 50 KB
  • #17
  • Jul 16, 2017 12:00pm Jul 16, 2017 12:00pm
Best pairs in July so far...
Attached Image (click to enlarge)
Click to Enlarge Name: July so far.png Size: 51 KB
  • #18
  • Jul 21, 2017 11:44pm Jul 21, 2017 11:44pm
Results for last weeks, best and worst performing pairs

w/c 16.07.2017
Attached Image (click to enlarge)
Click to Enlarge Name: wc 16.07.2017.png Size: 49 KB
  • #19
  • Jul 21, 2017 11:46pm Jul 21, 2017 11:46pm
Best pairs in July
Attached Image (click to enlarge)
Click to Enlarge Name: July upto 22.07.17.png Size: 21 KB
  • #20
  • Jul 22, 2017 6:31am Jul 22, 2017 6:31am
I am looking for testers for FBDI 4.0 which is a new breakout system, using different logic to FBDI.

FBDI 4.0 has different breakout time box, different entry, take profit and stoploss values.

I will start a new FBDI 4.0 thread, but on last weeks orders it shown -

Monday
GBPUSD BUY - TRADE NOT ACTIVATED
GBPCAD BUY - TRADE NOT ACTIVATED
GBPNZD BUY - TRADE NOT ACTIVATED
Total = 0%

Tuesday
USDCAD BUY - SL HIT -2%
EURCAD BUY - TP1 HIT +1% TP2 HIT BE
CADCHF SELL - TP1 HIT +1% TP2 HIT BE
CADJPY SELL - TP1 HIT +1% TP2 HIT BE
Total = 1%

Wednesday
EURGBP BUY - TRADE NOT ACTIVATED
EURCAD BUY - TRADE NOT ACTIVATED
EURNZD BUY - TRADE NOT ACTIVATED
GBPCHF SELL - TP1 HIT +1% TP2 HIT BE
GBPJPY SELL - TP1 HIT +1% TP2 HIT BE
CADCHF SELL - TP1 HIT +1% TP2 HIT BE
NZDCHF SELL - TRADE NOT ACTIVATED
CADJPY SELL - SL HIT -2%
NZDJPY SELL - TRADE NOT ACTIVATED
Total =1%

Thursday
No valid set-ups

Friday
EURUSD BUY - TP1 HIT +1% TP2 HIT +2.5%
NZDUSD BUY - TP1 HIT +1% TP2 HIT BE
EURAUD BUY - TRADE NOT ACTIVATED
EURCHF BUY - TP1 HIT +1% TP2 HIT +2.5%
NZDCHF BUY - SL HIT -2%
AUDNZD SELL - TRADE NOT ACTIVATED
Total = 6%

Total for week = 8%
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