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Simple Breakout System By Zach V2

  • #81
  • Dec 31, 2017 11:16am Dec 31, 2017 11:16am
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Success is a Journey Not a Destination....... kind regards ramzam
  • #82
  • Edited 3:23am Jan 1, 2018 3:11am | Edited 3:23am
First of all my dear traders My great wishes for new year 2018.....
Happy pips.....
I am using more or less the same strategy but I will take the recent High and low in 4hr charts and enter at 50% fibo level (pullback) and placing stop below that level (say 5 pips) and my Target 200% fibo extension level.
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  • #83
  • Jan 1, 2018 7:17am Jan 1, 2018 7:17am
Quoting ErollZach
{quote} u should refresh your MT4 and load back your TPL If possible,can u screenshot your chart?Thanks
i have refreshed mt4 multiple times , but nothing ! am i missing something ? could you post all necessary indicator all together , here are to screenshots thanks
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  • #84
  • Jan 1, 2018 10:44am Jan 1, 2018 10:44am
Quoting bala5855
First of all my dear traders My great wishes for new year 2018..... Happy pips..... I am using more or less the same strategy but I will take the recent High and low in 4hr charts and enter at 50% fibo level (pullback) and placing stop below that level (say 5 pips) and my Target 200% fibo extension level. {image}
Happy New Year everybody!

Hi bala5855, how many 4H candles do you use to take the recent high and low?
  • #85
  • Jan 5, 2018 3:39am Jan 5, 2018 3:39am
Quoting StayFoolish
{quote} Hi Zach, I get confused about the breakout box. In Thread 1, it stated as GMT 9PM-5AM. So, now you change the breakout box from GMT 0000 - 0800?
For the beginner u can use 00:00-08:00 GMT
  • #86
  • Jan 5, 2018 3:40am Jan 5, 2018 3:40am
Quoting justthepip
{quote} Zach after installing your currency strength indicator the text turns bright lime in color and is impossible to see against a white background. I've tried to adjust in the settings but it reverts back to lime. Any ideas? Thanks!

can u screenshot the chart?thanks
  • #87
  • Jan 5, 2018 3:44am Jan 5, 2018 3:44am
Quoting nozzer
Heres the million dollar question......how do you deal with 'fake breakouts' ???
The best way to deal with the "fake breakout" is your STOPLOSS

however,i will post another thread to deal with this 'fake breakout',another simple,profitable system, PAM-PRICE ACTION MANIPULATION-
  • #88
  • Jan 5, 2018 3:55am Jan 5, 2018 3:55am
Quoting Iniezta
{image} Hi Zach, I have question about this NZDUSD setup. Please correct me. There was fake BO setup. We put first sell as the price cross the 100% of below fibo. And after the price going up, the others PO will become the next other sell positions, so then after the price reached fibo -0.05 we will have some loss trades due to the stop loss at -0.05?
Yes

The 5 PO is the second version(V2) because of the risk:reward profit is higher than the first version of the thread, 1 PO BO (100),TP (161.8),SL (50),which is SL:TP 1:1.X only

for the fake breakouts,u can check whether is it caused by the high impact news or not
breakout that caused by high impact is not a setup
  • #89
  • Jan 5, 2018 4:07am Jan 5, 2018 4:07am
Quoting Iniezta
{image} Hi Zach, I have question about this NZDUSD setup. Please correct me. There was fake BO setup. We put first sell as the price cross the 100% of below fibo. And after the price going up, the others PO will become the next other sell positions, so then after the price reached fibo -0.05 we will have some loss trades due to the stop loss at -0.05?

Any breakout system will running smoothly if the the setup of the'breakout' itself is following the trend
  • #90
  • Jan 6, 2018 12:20am Jan 6, 2018 12:20am
Quoting ErollZach
{quote} Any breakout system will running smoothly if the the setup of the'breakout' itself is following the trend
Thank you for your reply Zach. So trend is the key of pair direction.

Do you have favourite pair to trade for this strategy?
  • #91
  • Jan 6, 2018 5:48pm Jan 6, 2018 5:48pm
Quoting nahyan
{quote} i have refreshed mt4 multiple times , but nothing ! am i missing something ? could you post all necessary indicator all together , here are to screenshots thanks {image} {image}
Here u go bro
Attached File(s)
File Type: ex4 FiboPiv_Zach.ex4   22 KB | 691 downloads


Attached File(s)
File Type: ex4 MT4 Currency Power_Zach.ex4   14 KB | 642 downloads


Attached File(s)
File Type: ex4 Zach_Hi_Low.ex4   24 KB | 735 downloads
  • #92
  • Jan 7, 2018 3:01am Jan 7, 2018 3:01am
Quoting Iniezta
{quote} Thank you for your reply Zach. So trend is the key of pair direction. Do you have favourite pair to trade for this strategy?

USD pairs is my favourite
  • #93
  • Jan 7, 2018 3:03am Jan 7, 2018 3:03am
Quoting bala5855
First of all my dear traders My great wishes for new year 2018..... Happy pips..... I am using more or less the same strategy but I will take the recent High and low in 4hr charts and enter at 50% fibo level (pullback) and placing stop below that level (say 5 pips) and my Target 200% fibo extension level. {image}

nice system @bala5855

do u apply the trading system to 1h chart also?because your chart shows 1H chart,not 4H chart
  • #94
  • Jan 7, 2018 3:50am Jan 7, 2018 3:50am
1 of the reason i do not trade on high impact news

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NFP on 5/1/2018


BROKER A 5 PO TRIGGERED&SL HIT
BROKER B 5 PO TRIGGERED&TP HIT
  • #95
  • Jan 7, 2018 8:31am Jan 7, 2018 8:31am
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Hi, I think GBPUSD is one of the pairs which is good for your strategy, Zach. Almost everyday we can find the breakout. What do you think bro?
  • #96
  • Jan 7, 2018 11:48am Jan 7, 2018 11:48am
Seems to make clean breaks with close of candle on the 30 min. chart.
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  • #97
  • Edited 10:22am Jan 8, 2018 8:39am | Edited 10:22am
EURUSD +30 pips
EDIT: Close with + 40 pips
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Fear is the mind-killer.
  • #98
  • Jan 8, 2018 9:07am Jan 8, 2018 9:07am
Quoting Iniezta
{image} Hi, I think GBPUSD is one of the pairs which is good for your strategy, Zach. Almost everyday we can find the breakout. What do you think bro?

Yes.for me USD pairs is in its best breakout so far early of this year
u can focus in 1 pair if u want. As long as the purpose of our trading is fulfill, PROFIT...
  • #99
  • Jan 8, 2018 9:08am Jan 8, 2018 9:08am
Quoting MrJoker
EURUSD +30 pips {image}
Nice bro!!!
  • #100
  • Jan 8, 2018 9:13am Jan 8, 2018 9:13am
Quoting mikeh3855
Seems to make clean breaks with close of candle on the 30 min. chart. {image}
bro,pls check your currency meter indicator
your chart is GBPUSD but your currency meter indicator shows USDCHF
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