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Another simple breakout system 32 replies

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Simple Breakout System By Zach

Btw, someone try to only use BO ? Is there a big difference between doing manually ?
Quoting damiend
Great, thanks for your feedback ! The news filter and a TP2+BE are in my plans ;-)
Hi dear friend, last night for first time I tested your ea,first of all It did well about drawing the box and fib lines ,I put it on all pairs as Zach instructed on his first post, it opened the on some pairs instantly even I put it true on ea properties for wait to close the candle, it opened for Eurusd even without any breakout at all, for some other pairs for example gbpchf it opened the order on 61.8 fibo line, and most importantly didn't close the order on first target point, I believe there is a bug on your ea, I am sure you can easily fix that, really appreciate for your hard work
Quoting ErollZach
{quote} https://www.forexfactory.com/showthr...5#post10054095

Hi Zach,

please can you share the CSM indi and S&R indi youre using? cheers
Quoting persia
{quote} Hi dear friend, last night for first time I tested your ea,first of all It did well about drawing the box and fib lines ,I put it on all pairs as Zach instructed on his first post, it opened the on some pairs instantly even I put it true on ea properties for wait to close the candle, it opened for Eurusd even without any breakout at all, for some other pairs for example gbpchf it opened the order on 61.8 fibo line, and most importantly didn't close the order on first target point, I believe there is a bug on your ea, I am sure you can easily...
there are 2 EA that post by damiend.the latest one is 1.2
Today's trading analysis is on

CHFJPY
GBPCHF
EURJPY
Quoting damiend
I had the EA active on GJ, EJ, CJ, GC today. All pairs hit TP1 ☺
Hi Damiend,

I have good results with your EA, thanks a lot! I still testing on demo, I have noticed that in a few cases EA opens before the candle closes out of the box.

Today NZDJPY

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

I noticed this bug on one breakout too but I thought it was a platform issue on my side. Thank you, it confirms it's a bug I will fix it in the next version.
Please discuss the EA and find the coming versions in this new thread: https://www.forexfactory.com/showthread.php?t=681014
eur/jpy, gbp/jpy............ hit...... TP

aud/jpy, gbp/chf .......hit ....... SL

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Anyone Who Has Never Made A Mistake Has Never Tried Anything New.
EUR/JPY, CAD/CHF and AUD/JPY for me today !
I modified BreakoutPanca with your rule, set the box at 00.00 - 08.00
The breakout line that means fibonacci 100 set with green color and the target at 161.8 Fibo set with Blue Color while the box period was red boxed.
Hopes it will makes this trading system easier.
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Attached File(s)
File Type: mq4 Breakout_PANCA_EAGLE_4Zach.mq4   8 KB | 661 downloads
Quoting ErollZach
{quote} there are 2 EA that post by damiend.the latest one is 1.2
thanks for your advice but I used the latest version, regards
AUD/USD hit TP
GBP/USD (Manually closed at 1.618)
AUD/JPY hit 1.27

No Stop Loss Today.........

Attached Image (click to enlarge)
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Pairs selection is tough thing for this strategy!!!

If i selected EUR/JPY (NO NEWS IMPACT) then it is a stop loss ..

I think am lucky today on selection of pairs...

ErollZack or Someone will help me how to select pairs daily.....
Anyone Who Has Never Made A Mistake Has Never Tried Anything New.
Quoting singgih.mac
I modified BreakoutPanca with your rule, set the box at 00.00 - 08.00 The breakout line that means fibonacci 100 set with green color and the target at 161.8 Fibo set with Blue Color while the box period was red boxed. Hopes it will makes this trading system easier. {image} {file}
Nice Indicator!

singgih.mac
Anyone Who Has Never Made A Mistake Has Never Tried Anything New.
Quoting jaibahv
AUD/USD hit TP GBP/USD (Manually closed at 1.618) AUD/JPY hit 1.27 No Stop Loss Today......... {image} Pairs selection is tough thing for this strategy!!! If i selected EUR/JPY (NO NEWS IMPACT) then it is a stop loss .. I think am lucky today on selection of pairs... ErollZack or Someone will help me how to select pairs daily.....

plan your trade
gain more knowledge
find support and resistance in higher time frame
trendline
candlesticks pattern
chart pattern
divergence
indicator

different people,different style of trading,base on their personality

back to purpose of trading,PROFIT
Quoting singgih.mac
I modified BreakoutPanca with your rule, set the box at 00.00 - 08.00 The breakout line that means fibonacci 100 set with green color and the target at 161.8 Fibo set with Blue Color while the box period was red boxed. Hopes it will makes this trading system easier. {image} {file}
Perfect for me! Thanks Singgih.mac
Quoting ErollZach
{quote} plan your trade gain more knowledge find support and resistance in higher time frame trendline candlesticks pattern chart pattern divergence indicator different people,different style of trading,base on their personality back to purpose of trading,PROFIT
I do used Trend Line break for the above trade AUD/JPY, but I thought You use a unique and different method but now i got it ... Any kind of analysis (SR Zones, Patterns, Candlesticks, Etc) that suits us
Anyone Who Has Never Made A Mistake Has Never Tried Anything New.
box starting time is 2 hours before london open,right?
Quoting ficibald
box starting time is 2 hours before london open,right?
BOX:GMT 9PM-5AM(8 HOURS)

refer here

https://www.forexfactory.com/showthread.php?t=669416
Quoting ErollZach
{quote} BOX:GMT 9PM-5AM(8 HOURS) refer here https://www.forexfactory.com/showthread.php?t=669416
GM,
Can these times be changed on the EA? Have managed to change lot size , but would also like to experiment with other timezones!! Eg. 19:00 to 03:00 GMT. I have observed that especially the JPY pairs have some very nice moves in the Asian session, but then i am in deep sleep!!
Thanks!
Hi. The trading time is 9 AM GMT-5PM GMT. But the chart shown is 00 GMT to 08 GMT. Am I not wrong?
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