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Simple Breakout System By Zach V2

  • #41
  • Dec 21, 2017 3:55am Dec 21, 2017 3:55am
Quoting Joseph95
EUR/NZD Daily chart (30 candles in the box) {image} {image}
hy could you share tpl with indi?
Thanks
Regards
  • #42
  • Dec 21, 2017 3:56am Dec 21, 2017 3:56am
Quoting nightfox84
{quote} ErrolZach May I know why in the last positions on NZDUSD of 14/12 you have not taken the stop? You should have taken it on 15/12. Can I know how you handled the trades? Thank you.

this acc with no SL.only TP.refer my first statement in this thread
  • #43
  • Dec 21, 2017 4:12am Dec 21, 2017 4:12am
Quoting ErollZach
Hi guys This system is an enhancement for the first thread: https://www.forexfactory.com/showthr...=669416&page=2 the only enhancement is: Set PO at FIBONACCI LEVEL SL at -0.05 I also hope somebody will code it into EA.With an option to put SL or without SL Cheers!!! Zach{image} {image}
Hi
Whats Po ? It is possible to explain
Thanks
  • #44
  • Dec 21, 2017 4:26am Dec 21, 2017 4:26am
Zach, i dont't understand the logic you use for draw the fibonacci. Can you explain please? Here are some examples (m15)

How do you decide the verse for draw the fibonacci? Based on how you draw it we can get opposite situations. How do you decide which is the right way?
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  • #45
  • Dec 21, 2017 4:29am Dec 21, 2017 4:29am
Quoting cescof
{quote} hy could you share tpl with indi? Thanks Regards

I have no indicators in my tpl
  • #46
  • Dec 21, 2017 4:49am Dec 21, 2017 4:49am
i dont get about the rules of drawing fibo ? how do you decide to draw fibo up or down ?
  • #47
  • Dec 21, 2017 5:04am Dec 21, 2017 5:04am
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  • #48
  • Dec 21, 2017 5:09am Dec 21, 2017 5:09am
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  • #49
  • Dec 21, 2017 5:12am Dec 21, 2017 5:12am
After we identify either its breakout long or short,only we draw the fibonacci line

professional trader just put pending order,instead of instant order.just do alot of training and u will master this simplest strategy


Cheers!!!
Zach
  • #50
  • Dec 21, 2017 5:14am Dec 21, 2017 5:14am
just watch out for the high impact news

avoid trade breakout that caused by high impact news
breakout that caused by news is not the 'real setup'
  • #51
  • Dec 21, 2017 5:18am Dec 21, 2017 5:18am
This indicator i use to see the momentum of each currencies

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Attached File(s)
File Type: ex4 Zach's MT4 CURRENCY POWER.ex4   14 KB | 661 downloads
  • #52
  • Dec 21, 2017 5:23am Dec 21, 2017 5:23am
For the exit purpose,if u are not confident with the TP level,u can use this indicator to set your entry's target

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Attached File(s)
File Type: ex4 Zach's_FiboPiv.ex4   22 KB | 677 downloads
  • #53
  • Dec 21, 2017 5:31am Dec 21, 2017 5:31am
Here goes the template

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Attached File(s)
File Type: tpl Zach_Breakout_2018.tpl   115 KB | 829 downloads
  • #54
  • Dec 21, 2017 7:12am Dec 21, 2017 7:12am
Quoting ErollZach
After we identify either its breakout long or short,only we draw the fibonacci line professional trader just put pending order,instead of instant order.just do alot of training and u will master this simplest strategy Cheers!!! Zach

But if you do it after, how can you set a pending order? It's impossible, like this we should wait the breakout because we can't predict the future direction of breakout
  • #55
  • Dec 21, 2017 9:30am Dec 21, 2017 9:30am
Quoting ErollZach
Here goes the template {image} {file}
There is no indicator. if possible . Added in Template
Thanks
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  • #56
  • Dec 21, 2017 11:35am Dec 21, 2017 11:35am
Quoting ahhamidz
{quote} There is no indicator. if possible . Added in Template Thanks {image}
u need to download all the indicators that i share before
copy and paste it in mql-indicator folder
only u can use the template that i shared
  • #57
  • Dec 21, 2017 11:36am Dec 21, 2017 11:36am
Quoting Joseph95
{quote} But if you do it after, how can you set a pending order? It's impossible, like this we should wait the breakout because we can't predict the future direction of breakout

yes,just wait the breakout
i usually check my chart at europe/london/us open market
  • #58
  • Dec 21, 2017 12:55pm Dec 21, 2017 12:55pm
Quoting ErollZach
{quote} u need to download all the indicators that i share before copy and paste it in mql-indicator folder only u can use the template that i shared
  • #59
  • Dec 25, 2017 7:26am Dec 25, 2017 7:26am
templete dose not works , mt4 says cant load indi , but i have all of them in indicator folder
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