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Attachments: Forex Breakout Direction Indicator v7.180
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Forex Breakout Direction Indicator v7.180

  • #41
  • Sep 3, 2018 3:27pm Sep 3, 2018 3:27pm
+43.8 pips today
  • #42
  • Sep 4, 2018 3:59pm Sep 4, 2018 3:59pm
+46.1 pips today
  • #43
  • Sep 17, 2018 4:52am Sep 17, 2018 4:52am
Hello, after I install the EA, is it possible to switch the EA off for some pairs and let it trade the others?
Thanks.
  • #44
  • Sep 17, 2018 5:07am Sep 17, 2018 5:07am
Quoting Norg
Hello, after I install the EA, is it possible to switch the EA off for some pairs and let it trade the others? Thanks.
Hi, Yes it is. You should only put the EA on the charts of the pairs you wish to trade

Regards
Craig
  • #45
  • Sep 17, 2018 2:31pm Sep 17, 2018 2:31pm
177 pips banked so far today
Attached Image (click to enlarge)
Click to Enlarge Name: 17.09.18.png Size: 10 KB
  • #46
  • Sep 18, 2018 4:31am Sep 18, 2018 4:31am
Quoting krager
{quote} Hi, Yes it is. You should only put the EA on the charts of the pairs you wish to trade Regards Craig
Hello, I just paid for the trial version of the indicator (via Paypal). How do I get the software? Thanks.
  • #47
  • Sep 18, 2018 4:37am Sep 18, 2018 4:37am
Quoting Norg
{quote} Hello, I just paid for the trial version of the indicator (via Paypal). How do I get the software? Thanks.
Hi

Please check your paypal email address.

Ive sent you a email there. Also check your spam folder

Regards
Craig
  • #48
  • Sep 18, 2018 4:44am Sep 18, 2018 4:44am
It's indeed ended in spam thank you. I replied.
  • #49
  • Sep 18, 2018 12:28pm Sep 18, 2018 12:28pm
Quoting Norg
It's indeed ended in spam thank you. I replied.
Indicator and EA just sent to you

Regards

Craig
  • #50
  • Sep 18, 2018 1:27pm Sep 18, 2018 1:27pm
Quoting krager
{quote} Indicator and EA just sent to you Regards Craig
Thank you. I just set them up for EURJPY and GBPJPY pairs. Will see what it gives...
  • #51
  • Sep 19, 2018 10:52am Sep 19, 2018 10:52am
So I had the first win on GBPJPY today: TP1 was hit, but the rest closed on breakeven.
So I must say that if you trade with TP1 and TP2 (closing half your lot at TP1 and another half on TP2 with moving the stoploss to breakeven), then counting profits in pips is not correct.
This is because when you lose, you lose the full lot, and if you win by TP1 only, you only win with 1/2of your lot, even if it's the same number of pips in both cases.
You must count profits in money.
  • #52
  • Sep 19, 2018 1:11pm Sep 19, 2018 1:11pm
Quoting Norg
So I had the first win on GBPJPY today: TP1 was hit, but the rest closed on breakeven. So I must say that if you trade with TP1 and TP2 (closing half your lot at TP1 and another half on TP2 with moving the stoploss to breakeven), then counting profits in pips is not correct. This is because when you lose, you lose the full lot, and if you win by TP1 only, you only win with 1/2of your lot, even if it's the same number of pips in both cases. You must count profits in money.
Hello Norg

I'm glad for you that your first trade made profit, however, I personally did not take the GBPJPY trade on my live accounts.

GBPJPY was showing 100% breakout strength, but I filter by trades by a Currency Strength Indicator. I use the one below.

As you can see, it shows the strength of all the pairs on the close of the daily candle, plus the laty previous 4 readings

GBP = +172.10 and +380.84 which tells me GBP is still string, but getting weaker

JPY = -133.61 and -7.26 which tells me that JPY is weak and gettign weaker

For a valid set up I choose only pairs that are strong and getting stronger VS weak pairs that are getting weaker

Hope that makes sense?

The results showing her are all trades taken, not filtered by CSI, taken as a set & forget on the indicator values

I filter out my own personal live accounts

I personally do not move stoploss to breakeven when TP1 is hit, has this gives you a smaller risk / reward ratio. I leave price to either hit both TP's levels or SL

Regards

Craig
www.forexbreakout.co.uk
Attached Image (click to enlarge)
Click to Enlarge Name: CSI 19.09.18.png Size: 88 KB
  • #53
  • Sep 19, 2018 1:15pm Sep 19, 2018 1:15pm
So out of all the pairs I trade live, only CADCHF was showing has a valid pair to trade, but the breakout strength was not greater over 90% so I did not take this trade.

CAD = +81.68-324.60 showing strength
CHF = -201.87 +78.63 showing weakness

CADCHF BUY

However, the pair did move in the right direction
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF 19.09.18.png Size: 48 KB
  • #54
  • Sep 19, 2018 1:18pm Sep 19, 2018 1:18pm
Just checked AUDCHF, this moved in the right direction too, but I do not trade this pair

And AUDJPY!
  • #55
  • Sep 19, 2018 1:22pm Sep 19, 2018 1:22pm
Hello, Craig, as you understand, I don't have your relative strength indicator, so I cannot rely on it. If you be so kind as to share it, please do.
I don't really understand your quote "leave price to either hit both TP's levels or SL". Which TP level are you talking about? The TP2 with 2:1 reward:risk? If yes, than my today's GBPJPY trade would be a loss...
  • #56
  • Sep 19, 2018 1:25pm Sep 19, 2018 1:25pm
Craig, your last screenshots clearly show the TP1 (1:1 risk:reward) as take profit level, not the TP2...
  • #57
  • Sep 19, 2018 1:27pm Sep 19, 2018 1:27pm
Quoting Norg
Hello, Craig, as you understand, I don't have your relative strength indicator, so I cannot rely on it. If you be so kind as to share it, please do. I don't really understand your quote "leave price to either hit both TP's levels or SL". Which TP level are you talking about? The TP2 with 2:1 reward:risk? If yes, than my today's GBPJPY trade would be a loss...
Hiya,

AFK CSi is not a free indicator, so unable to share, sorry
  • #58
  • Sep 19, 2018 1:28pm Sep 19, 2018 1:28pm
Quoting Norg
Craig, your last screenshots clearly show the TP1 (1:1 risk:reward) as take profit level, not the TP2...
I use TP1 and TP2 levels

Half postions closed at TP1 which is set at R:R 1:1
TP2 set at R:R 2:1
  • #59
  • Sep 19, 2018 1:30pm Sep 19, 2018 1:30pm
Sorry for the confusion, I've re-scale CADCHF, so that the chart shows where TP2 is
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF 19.09.18-2.png Size: 48 KB
  • #60
  • Sep 19, 2018 1:32pm Sep 19, 2018 1:32pm
IF i did trade CADCHF, I would be leaving SL at the stoploss level now that TP1 has hit.

But this is personal choice

Regards
Craig
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