DislikedWill need to go back and see whether this break even is worthwhile. Got triggered today to the pip and meant I missed the big move {image}Ignored
regards,
Tom
1
stay focused on long term results 
- #269
- Feb 14, 2018 1:12am Feb 14, 2018 1:12am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
Hi.. I'm new here. Downloaded your system last night to have a try.. Just wondering if the layout is correct? {image}
This system will benefit from adding two horizontal lines showing low and high of the previous day as possible targets; the high as a possible target for long, the low as a possible target for short, using a trailing stop after a 1:1 reward/risk ratio. Trade safe and prosper. KP
- #274
- Edited 8:17pm Feb 14, 2018 4:42pm | Edited 8:17pm
hi many times did ask do you take trade only on the trend of the day ? thanks
There is a reason it's called a breakout trade - it can break out either direction.
For example, this would be today's entries (assuming you don't mind the 45 pip issue mentioned earlier in this thread).
- #275
- Edited Feb 15, 2018 1:07am Feb 14, 2018 8:16pm | Edited Feb 15, 2018 1:07am
- | Joined Aug 2006 | Status: Trader | 1,024 Posts
- #277
- Feb 16, 2018 12:03pm Feb 16, 2018 12:03pm
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
ok. so what is going on here, with regards to the timezones.
iam in london , so i assume the 4hrs high/low should be taken from 10pm to 2am ? is that correct. and it seems it is best to look at the 4hrs high low on a 15 minute chart ?
i did take the trade last night. it broke the 4hrs high, the buy was triggered but very soon price reversed and stopped me out. too bad.
just one question, is it worth trading on the sunday night when the asian markets open for the week ?
do you folks trade just the breakout or wait for it to breakout then reverse and then trade the bounce ?
iam in london , so i assume the 4hrs high/low should be taken from 10pm to 2am ? is that correct. and it seems it is best to look at the 4hrs high low on a 15 minute chart ?
i did take the trade last night. it broke the 4hrs high, the buy was triggered but very soon price reversed and stopped me out. too bad.
just one question, is it worth trading on the sunday night when the asian markets open for the week ?
do you folks trade just the breakout or wait for it to breakout then reverse and then trade the bounce ?
EA updated. Update: 1. if "PlaceOrderAfterCloseOutsideBox" Option is true, Limit order will be placed after last candle closed above/below box. Otherwise, EA will put stop buy/sell order. 2. Trail Stop Option {file} {image}
Also on Friday the EA I tested Breakout_v1_1a on a AUD$1500 account and selected "Use AutoLotSize" at 1% and it placed a 0.37 lot trade. By my calculations it should have been a 0.02 position size. Has any one else experienced this?
Below is a Strategy Tester run through of the last week using Breakout_v2a. You can see the results for a USD$1000 account and the lot sizes are about 10 times too big.
