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Simple Breakout System By Zach V2

  • #101
  • Jan 8, 2018 7:14am Jan 8, 2018 7:14am
Quoting MrJoker
EURUSD +30 pips {image}

EMA 50 added?for trend identifier?
  • #102
  • Jan 8, 2018 8:07am Jan 8, 2018 8:07am
Quoting ErollZach
{quote} EMA 50 added?for trend identifier?
This is EMA 15 and helps me with my position. If the price closes above / below then I close the position, If not, I let it grow.
For trend 50 is very good and i use it also.
Fear is the mind-killer.
  • #103
  • Jan 8, 2018 4:53pm Jan 8, 2018 4:53pm
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Hi, just my 2 cent. I add default bollinger band as early breakout confirmation. BO confirmed when pair crossing middle line of BB, or pair bounched of this middle BB line. Then I just put 10-15 pips SL at the oposite of breakout side. I found that by adding this BB indi we can be more precise deciding the timing for OP, reducing the stop loss distance and of course optimizing the profit.
  • #104
  • Jan 9, 2018 12:31am Jan 9, 2018 12:31am
Quoting MrJoker
{quote} This is EMA 15 and helps me with my position. If the price closes above / below then I close the position, If not, I let it grow. For trend 50 is very good and i use it also.

Noted!!!thanks
  • #105
  • Jan 9, 2018 12:33am Jan 9, 2018 12:33am
Quoting Iniezta
{image} Hi, just my 2 cent. I add default bollinger band as early breakout confirmation. BO confirmed when pair crossing middle line of BB, or pair bounched of this middle BB line. Then I just put 10-15 pips SL at the oposite of breakout side. I found that by adding this BB indi we can be more precise deciding the timing for OP, reducing the stop loss distance and of course optimizing the profit.

good idea dude. Thank you for the idea. Meaning u only trade with pair with setup that occur within the middle of BB? Which timeframe u using for entries?H1?
  • #106
  • Jan 9, 2018 4:27am Jan 9, 2018 4:27am
+185 pips today
  • #107
  • Jan 9, 2018 6:12am Jan 9, 2018 6:12am
My today's results:
Attached Image (click to enlarge)
Click to Enlarge Name: result.png Size: 13 KB
Fear is the mind-killer.
  • #108
  • Jan 9, 2018 5:25pm Jan 9, 2018 5:25pm
Quoting ErollZach
{quote} good idea dude. Thank you for the idea. Meaning u only trade with pair with setup that occur within the middle of BB? Which timeframe u using for entries?H1?
H1 dan M30 for sure, bro
  • #109
  • Edited Jan 11, 2018 1:12am Jan 10, 2018 3:55pm | Edited Jan 11, 2018 1:12am
Hi Zach,

Read both of your threads and have come up with my own plan to try and apply the strategy to daily charts. Just wondered what you think of it?

My Plan

Look at previous Monday>Friday for trending currency.
From previous week, draw Fib levels from high to low. Or, low to high.
Place buy sell on next opening candle after the 100 Fib. level.
But:
Only do this if there is a notable difference in currency strength.
And,
Do not place any orders on currencies that are subject to high impact news on 'breakthrough' days. Ignore them.

T/P is 161.8
S/L is 61.8

What do you think? I want to try longer time frames to make life easier!
  • #110
  • Jan 11, 2018 2:25am Jan 11, 2018 2:25am
Quoting plymgary
Hi Zach, Read both of your threads and have come up with my own plan to try and apply the strategy to daily charts. Just wondered what you think of it? My Plan Look at previous Monday>Friday for trending currency. From previous week, draw Fib levels from high to low. Or, low to high. Place buy sell on next opening candle after the 100 Fib. level. But: Only do this if there is a notable difference in currency strength. And, Do not place any orders on currencies that are subject to high impact news on 'breakthrough' days. Ignore them. T/P is 161.8...
can u describe it on the chart?
  • #111
  • Jan 11, 2018 2:31am Jan 11, 2018 2:31am
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?

00:00-08:00 is box border on the chart not GMT
  • #112
  • Jan 11, 2018 2:47am Jan 11, 2018 2:47am
Quoting ErollZach
{quote} 00:00-08:00 is box border on the chart not GMT
Hi ErollZach:

To clarify:
If the time of the Broker is GMT + 2, the box would be 02: 00-10: 00

it is right?

Thanks
  • #113
  • Jan 11, 2018 4:51am Jan 11, 2018 4:51am
Quoting ErollZach
{quote} 00:00-08:00 is box border on the chart not GMT
zach what input do i have to set ? do i have to set Sydney session start to end according to my local time ?
Attached Image
  • #114
  • Jan 11, 2018 7:12am Jan 11, 2018 7:12am
Quoting ErollZach
{quote} can u describe it on the chart?
Will do. I'll wait for a setup and then post it. Might take a while though as I'll only be trading this once a week.
  • #115
  • Jan 11, 2018 8:18pm Jan 11, 2018 8:18pm
Quoting chaveznqoos
{quote} Hi ErollZach: To clarify: If the time of the Broker is GMT + 2, the box would be 02: 00-10: 00 it is right? Thanks

question: period separator for all broker around the world is the same?

If yes, box begin at period separator 00:00 and end at 08:00
  • #116
  • Jan 11, 2018 8:19pm Jan 11, 2018 8:19pm
Quoting chaveznqoos
{quote} Hi ErollZach: To clarify: If the time of the Broker is GMT + 2, the box would be 02: 00-10: 00 it is right? Thanks

yes.if im not mistaken
  • #117
  • Jan 11, 2018 8:20pm Jan 11, 2018 8:20pm
Just watchout for today's high impact news

go on demo today

stop your live acc entry on every friday
  • #118
  • Jan 12, 2018 8:36am Jan 12, 2018 8:36am
~220 pips
I did not trade today, but there were plenty of opportunities
Attached Image (click to enlarge)
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Fear is the mind-killer.
  • #119
  • Jan 13, 2018 7:51am Jan 13, 2018 7:51am
Quoting Iniezta
{image} Hi, just my 2 cent. I add default bollinger band as early breakout confirmation. BO confirmed when pair crossing middle line of BB, or pair bounched of this middle BB line. Then I just put 10-15 pips SL at the oposite of breakout side. I found that by adding this BB indi we can be more precise deciding the timing for OP, reducing the stop loss distance and of course optimizing the profit.
Hi...do you have this strategy/box on Mobile platform? If so may I know how you did it?
  • #120
  • Jan 13, 2018 5:17pm Jan 13, 2018 5:17pm
Quoting Fatso
{quote} Hi...do you have this strategy/box on Mobile platform? If so may I know how you did it?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20180114_081429.jpg Size: 231 KB


Hi, just use this shape tool, bro
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