Simple Breakout System By Zach (EA) | Forex Factory

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Simple Breakout System By Zach (EA)

  • #1
  • First Post: Jul 4, 2017 11:51pm Jul 4, 2017 11:51pm
Expert Advisor base on previous manual system trading https://www.forexfactory.com/showthread.php?t=669416

thanks to @damiend for the EA

Attached File(s)
File Type: ex4 DD-breakoutasian-1.2.ex4   27 KB | 1,834 downloads



i hope this EA will be enhance for our need
  • #2
  • Jul 5, 2017 3:07am Jul 5, 2017 3:07am
Quoting ErollZach
Expert Advisor base on previous manual system trading https://www.forexfactory.com/showthread.php?t=669416 thanks to @damiend for the EA {file} i hope this EA will be enhance for our need
Thank you ErollZch and Damiend for this system and EA, may I suggest to give an option to include number of pips (let us say 5 pips) after the breakout before taking the trade. this will help to filter the fault breakout.
  • #3
  • Jul 5, 2017 5:01am Jul 5, 2017 5:01am
Quoting htawfik
{quote} Thank you ErollZch and Damiend for this system and EA, may I suggest to give an option to include number of pips (let us say 5 pips) after the breakout before taking the trade. this will help to filter the fault breakout.

good idea,entry by pips range SNR
TP and SL also can be place by pips.and add on trailing stop if in profit maybe?
  • #4
  • Jul 5, 2017 7:26am Jul 5, 2017 7:26am
Default settings EUR m15 (2011-2017)
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph2.gif Size: 14 KB
  • #5
  • Jul 5, 2017 7:58am Jul 5, 2017 7:58am
Quoting B-Naire2B
Default settings EUR m15 (2011-2017) {image}
this EA is not good enough to filter the news/trend and only can test 1 pair at one time-failed

this trading system is failed on EA,but good at manual trading(entry at different pair everyday)

need to enhance this EA accordingly
  • #6
  • Jul 5, 2017 6:29pm Jul 5, 2017 6:29pm
Quoting ErollZach
{quote} this EA is not good enough to filter the news/trend and only can test 1 pair at one time-failed this trading system is failed on EA,but good at manual trading(entry at different pair everyday) need to enhance this EA accordingly
That's a pretty good trend line - just have to do the exact opposite of what the EA is currently doing so you have the line going the right way
  • #7
  • Jul 6, 2017 2:47am Jul 6, 2017 2:47am
Thanks for the EA dedicated thread Zach.

Quoting Ivanyo
{quote} That's a pretty good trend line - just have to do the exact opposite of what the EA is currently doing so you have the line going the right way
As the R:R of this strategy is about 1:1, it could be a good Idea and funny to try that indeed ☺

Sorry guys, I am too much busy to update the EA these days, but will do asap. I take note of all your ideas.
  • #8
  • Jul 6, 2017 2:55am Jul 6, 2017 2:55am
Quoting B-Naire2B
Default settings EUR m15 (2011-2017) {image}
Thanks for your feedback. Be advised that the time used in the settings is local broker time, so unless you are in the same timezone than me you can't use the default settings to follow ErollZach's strategy.
I may change this in the future to use gmt times so that everybody can use default settings the same way.
  • #9
  • Jul 6, 2017 11:39am Jul 6, 2017 11:39am
Guys,

Attached is a new version 1.3 for this EA. It is a minor update to :

  1. Fix the bug that opens an order when the candle close doesn't confirm the breakout sometimes despite the fact that WaitForCandleToClose=true in settings. See https://www.forexfactory.com/showthr...2#post10057682
  2. Add a BreakoutPipsConfirmation parameter as asked by htawfik above. When WaitForCandleToClose=false, this parameter will allow to open a trade when there is breakout + BreakoutPipsConfirmation pips.


Enjoy!

Attached File(s)
File Type: ex4 DD-breakoutasian-1.3.ex4   27 KB | 1,307 downloads
  • #10
  • Jul 6, 2017 12:57pm Jul 6, 2017 12:57pm
Quoting damiend
Guys, Attached is a new version 1.3 for this EA. It is a minor update to : Fix the bug that opens an order when the candle close doesn't confirm the breakout sometimes despite the fact that WaitForCandleToClose=true in settings. See https://www.forexfactory.com/showthr...2#post10057682 Add a BreakoutPipsConfirmation parameter as asked by htawfik above. When WaitForCandleToClose=false, this parameter will allow to open a trade when there is breakout + BreakoutPipsConfirmation pips. Enjoy! {file}
Damiend
Is this EA also available for MT5?? Have tried it succssfll on MT4 demo today, but my live acc is on MT5 platform.
Thanks.
Goyatrade
  • #11
  • Jul 6, 2017 10:06pm Jul 6, 2017 10:06pm
There is a similar thread that you can refer to as follows:
Https://www.forexfactory.com/showthread.php? T=528703?
  • #12
  • Jul 6, 2017 11:06pm Jul 6, 2017 11:06pm
Quoting damiend
Guys, Attached is a new version 1.3 for this EA. It is a minor update to : Fix the bug that opens an order when the candle close doesn't confirm the breakout sometimes despite the fact that WaitForCandleToClose=true in settings. See https://www.forexfactory.com/showthr...2#post10057682 Add a BreakoutPipsConfirmation parameter as asked by htawfik above. When WaitForCandleToClose=false, this parameter will allow to open a trade when there is breakout + BreakoutPipsConfirmation pips. Enjoy! {file}
nice @damiend

hopefully it can help many traders here

cherrs!!!
  • #13
  • Jul 6, 2017 11:07pm Jul 6, 2017 11:07pm
Only good results (from EURUSD_5M), not counting on spread and transaction costs, from 02/02/2016 to 02/05/2017

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_5M.gif Size: 13 KB
  • #14
  • Jul 7, 2017 2:44am Jul 7, 2017 2:44am
Quoting Goyatrade
{quote} Damiend Is this EA also available for MT5?? Have tried it succssfll on MT4 demo today, but my live acc is on MT5 platform. Thanks. Goyatrade
No, sorry. It's available for MT4 only.
  • #15
  • Jul 7, 2017 2:46am Jul 7, 2017 2:46am
Quoting cjqyxq
There is a similar thread that you can refer to as follows: Https://www.forexfactory.com/showthread.php? T=528703?
Thanks but it looks like your link is broken, could you post it again?
  • #16
  • Jul 8, 2017 5:11am Jul 8, 2017 5:11am
If not asking too much, creator of EA. Would it be possible to also get TP and SL in pips? TYVM!
  • #17
  • Jul 8, 2017 11:56pm Jul 8, 2017 11:56pm
optional on TP&SL

as well as additional of trailing stop when in profit
  • #18
  • Jul 9, 2017 12:08pm Jul 9, 2017 12:08pm
Testing GJ and GU with good results on H1 so far.

Is it possible to add some Moneymanagemt to the EA?
  • #19
  • Jul 9, 2017 4:50pm Jul 9, 2017 4:50pm
Quoting damiend
Guys, Attached is a new version 1.3 for this EA. It is a minor update to : Fix the bug that opens an order when the candle close doesn't confirm the breakout sometimes despite the fact that WaitForCandleToClose=true in settings. See https://www.forexfactory.com/showthr...2#post10057682 Add a BreakoutPipsConfirmation parameter as asked by htawfik above. When WaitForCandleToClose=false, this parameter will allow to open a trade when there is breakout + BreakoutPipsConfirmation pips. Enjoy! {file}
for me breakout box start hour works well but box end hour not working,EA draws box till the end till current candle
  • #20
  • Jul 9, 2017 9:06pm Jul 9, 2017 9:06pm
For starters I don't know anything about coding, with that being said, I'm not sure how hard this addition would be. Would it be possible to have all the Major 28 pairs on the EA and be able to choose which ones we want the EA to use. That way we don't have to load the EA on each and every pair that we want to use. This allows you to set your EA to the Tokyo Open for example and then go into the EA and ONLY select the JPY pairs for the EA to use. Basically only the relevant pairs according to the Market Open you are focusing on.
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