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Simple Breakout System By Zach

  • #381
  • Jul 4, 2017 5:41am Jul 4, 2017 5:41am
Do you guys still using this system ? I will maybe try tomorrow
  • #382
  • Jul 4, 2017 9:44am Jul 4, 2017 9:44am
Yes. This system is being used sucessfully. And don't see any change in that. Make sure you test it on a demo account before you go live so that you understand the system. It is very profitable if you use it correctly.
  • #383
  • Jul 4, 2017 9:07pm Jul 4, 2017 9:07pm
Quoting PrinceJ58
{quote} Zach i dont know if you have pictures of your trades but look to see what were the differences between trades that had reversal at 38.2;50;61.8 versus take profit. When I was trading it, some would go past 161.8, 138.2, 261.8 and 400+ that is four take profits. I had almost started a thread for this reason... My case is that I could not get the true alerts for Mtf scenario just same chart timeframe. So I probably start it to get that sorted. It's already integrated in my system but that indi would be great. So so when I start this can also...

Yes,for a higher timeframe 38.2 fibo line normally is a reversal and many trader open order here
as i mention earlier,minimum TP is at the 161.8 fibo and it can go untill 261.8 ann so on.however trader can plan the best exit

i also have tested(backtest) EA that create by damien and seem the EA is NOT PROFITABLE BECAUSE RUN IN 1 PAIR ONLY
this system is profitable because everyday,breakout is different(not to focus 1 pair only) and and u need to filter the pair MANUALLY as NEWS IS ALSO AVOIDED
  • #384
  • Jul 4, 2017 9:12pm Jul 4, 2017 9:12pm
i will create new thread to discuss about an EA for this trading system for our own benefit and maybe other trader will makes the EA better for future use
  • #385
  • Jul 4, 2017 9:14pm Jul 4, 2017 9:14pm
Quoting ErollZach
{quote} Yes,for a higher timeframe 38.2 fibo line normally is a reversal and many trader open order here as i mention earlier,minimum TP is at the 161.8 fibo and it can go untill 261.8 ann so on.however trader can plan the best exit i also have tested(backtest) EA that create by damien and seem the EA is NOT PROFITABLE BECAUSE RUN IN 1 PAIR ONLY this system is profitable because everyday,breakout is different(not to focus 1 pair only) and and u need to filter the pair MANUALLY as NEWS IS ALSO AVOIDED
Maybe run the EA on multiple pairs?
  • #386
  • Jul 4, 2017 9:54pm Jul 4, 2017 9:54pm
new thread for the EA.pls discuss iy here https://www.forexfactory.com/showthread.php?t=681014

as here's priority is on manual trading only.TQ
  • #387
  • Jul 4, 2017 9:56pm Jul 4, 2017 9:56pm
some tips for types of breakout

Attached Image
  • #388
  • Jul 4, 2017 10:02pm Jul 4, 2017 10:02pm
indicator for news filter.maybe can use it for enhancing your trading system

Attached File(s)
File Type: ex4 NewsCal-v107.ex4   29 KB | 402 downloads
  • #389
  • Jul 4, 2017 10:19pm Jul 4, 2017 10:19pm
Quoting ErollZach
some tips for types of breakout {image}
YEah theses are pretty good.
R:R "Percentage Focus"
  • #390
  • Jul 4, 2017 10:51pm Jul 4, 2017 10:51pm
Hi ErollZach,
I have today apply this system in my MT4,these indicator is not loading in my MT4 chart,any thing i change my settings,pl suggest in this.
Attached File(s)
File Type: ex4 OpenFiboOrder.ex4   12 KB | 659 downloads
File Type: mq4 OpenFiboOrder.mq4   5 KB | 700 downloads
  • #391
  • Jul 4, 2017 11:21pm Jul 4, 2017 11:21pm
Quoting jegas
Hi ErollZach, I have today apply this system in my MT4,these indicator is not loading in my MT4 chart,any thing i change my settings,pl suggest in this. {file} {file}
may i know where u get this indicator.i downloaded yours and wont work.journal error removed
  • #392
  • Jul 4, 2017 11:41pm Jul 4, 2017 11:41pm
BO

EURJPY
  • #393
  • Jul 4, 2017 11:55pm Jul 4, 2017 11:55pm
Quoting ErollZach
BO EURJPY
You Pairs for today?
Question regarding money management... You risk same amount(percentage) of money or same size(1 lot per trade) for every trade
If we risk same amount then trade size changes every time
Anyone Who Has Never Made A Mistake Has Never Tried Anything New.
  • #394
  • Jul 5, 2017 12:11am Jul 5, 2017 12:11am
Quoting jaibahv
{quote} You Pairs for today? Question regarding money management... You risk same amount(percentage) of money or same size(1 lot per trade) for every trade If we risk same amount then trade size changes every time

1-3 percent risk per trade
u can start with single trade only till hit SL or TP only open other entry(if any breakout pair available)

yes,my open trade now is EURJPY.breakout&breaks trendline
  • #395
  • Jul 5, 2017 12:31am Jul 5, 2017 12:31am
EUR/JPY Long
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 105 KB
  • #396
  • Jul 5, 2017 12:33am Jul 5, 2017 12:33am
USD/JPY Long too
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
  • #397
  • Jul 5, 2017 12:38am Jul 5, 2017 12:38am
Quoting ErollZach
BO EURJPY
TP1 hit
  • #398
  • Jul 5, 2017 12:39am Jul 5, 2017 12:39am
Quoting ErollZach
{quote} 1-3 percent risk per trade u can start with single trade only till hit SL or TP only open other entry(if any breakout pair available) yes,my open trade now is EURJPY.breakout&breaks trendline
Thanks Zach

Today you pairs please

Attached Image (click to enlarge)
Click to Enlarge Name: high.PNG Size: 11 KB


What is trandline break, did you use trendlines too for entry or only the box breakout?
Anyone Who Has Never Made A Mistake Has Never Tried Anything New.
  • #399
  • Jul 5, 2017 12:46am Jul 5, 2017 12:46am
EUR/JPY TP Hit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB
  • #400
  • Jul 5, 2017 12:48am Jul 5, 2017 12:48am
AUD/JPY Long
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
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