I had the EA active on GJ, EJ, CJ, GC today. All pairs hit TP1 ☺
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Another simple breakout system 32 replies
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Disliked{quote} hi damiend, it's good EA.. with erollzach system... i did download and use it, but my MT4 didn't process the order, and sometimes look doesnt work correctly? about rectangle and fibo? please help me to fix ? {image}Ignored
Disliked{quote} hi damiend may you say to me what is EA and how i can download it? thank youIgnored
Disliked{quote} Hi Tfr, Please use the latest version (1.2) from there: https://www.forexfactory.com/showthr...43#post9994643 You are using the v1.1 that contains some bugs.Ignored
thanks so much damiend, you're both (damiend & erollzach) is good contributor.. please don't stop.. and keep creative.. i would test new EA...
it's helpful...
BTW, i have an idea if you can add fibo as opposite current fibo... so it would be sell and buy fibo and adding a parameter to manage the sell and buy order.. i had try it by manual and i got my sell and buy profit nicely on EURJPY
note; btw still have an little error on gold / xauusd
DislikedThanks Tfr for your contribution ☺ Allowing the EA to trade two times a day (one buy and one sell) could be a nice feature ! It may help us to recover from a false breakout. I think I will implement it in the next version. What is your error on gold exactly?Ignored
DislikedErollZach, I have been trading this system for quite awhile now as well. I made an excel sheet that I used in forward testing to test my take profit levels, and which trades hit the 161 fib line. All of my take profits were 10 pips, but tracked which ones moved further. If you are interested, or anyone else for that matter, just let me know. I can also modify the excel for anyone's liking to my ability. It tracks number of fibs drawn, number of fibs that broke and opened a trade. wins. losses. drawdown. profit. loss. account balance. account balance...Ignored
Dislikedi have a some problem, usually i did get out at fibo level 50 but, after hit SL, the price run to the level 161... so the price only pullback at level 50 and continue the direction and second problem is too many false breakout... when i did entry to ensure breakout it would be late, and only give me around 3 pip, but when i did stop order at level 100 fibo, it would be false breakout. T____T maybe someone could help?Ignored
DislikedHi Guys I would like to share the most simple breakout strategy: MOST SUIT:INTRADAY TRADER PAIR:GBP/JPY GBP/USD USD/JPY EUR/JPY EUR/USD GBP/CHF USD/CHF NZD/USD CHF/JPY BOX:GMT 9PM-5AM(8 HOURS) TP:161.8 Fibonacci Support&Resistance BOX(THIS IS A MINIMUM TP) SL:50 Fibonacci Support&Resistance BOX RULES LONG:ANY BULLISH CANDLE THAT BREAK RESISTANCE(EARLY SIGNAL) SHORT:ANY BEARISH CANDLE THAT BREAK SUPPORT(EARLY SIGNAL) TIMEFRAMES:M15 ENTRY: INSTANT ENTRY ON BREAKOUT 100 FIBONACCI PO @ 100 FIBONACCI PO @61.8 FIBONACCI TP:161.8 Fibonacci Support&Resistance...Ignored
DislikedErollZach, I have been trading this system for quite awhile now as well. I made an excel sheet that I used in forward testing to test my take profit levels, and which trades hit the 161 fib line. All of my take profits were 10 pips, but tracked which ones moved further. If you are interested, or anyone else for that matter, just let me know. I can also modify the excel for anyone's liking to my ability. It tracks number of fibs drawn, number of fibs that broke and opened a trade. wins. losses. drawdown. profit. loss. account balance. account balance...Ignored