Breakout Trading - Simple Weekly System | Forex Factory

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Breakout Trading - Simple Weekly System

  • #1
  • First Post: Mar 8, 2020 6:16am Mar 8, 2020 6:16am
In the thread "Simple Monday-Tuesday System": https://www.forexfactory.com/showthread.php?t=976730
@4ecstasy presented a simple weekly system.

As a little help for the users of the system, I have programmed an indicator.
If there are any comments to be made or errors are found, please only post them in this thread.
  • #2
  • Mar 8, 2020 6:19am Mar 8, 2020 6:19am
New Indicator: smBreakout-2D1-Weekly v1.0
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 67 KB
Attached File(s)
File Type: ex4 smBreakout-2D1-Weekly v1.0.ex4   24 KB | 1,668 downloads
  • #3
  • Mar 8, 2020 6:56am Mar 8, 2020 6:56am
Quoting SwingMan
In the thread "Simple Monday-Tuesday System": https://www.forexfactory.com/showthread.php?t=976730 @4ecstasy presented a simple weekly system. As a little help for the users of the system, I have programmed an indicator. If there are any comments to be made or errors are found, please only post them in this thread.
Thanks. Will EA follow? Or at least the script?
Please excuse the bad English via Google Translate.
  • #4
  • Mar 8, 2020 7:04am Mar 8, 2020 7:04am
Quoting dokopy
{quote} Thanks. Will EA follow? Or at least the script?
It's already in the process of being built if you look st the original thread and not this parasitic offshoot.
  • #5
  • Mar 8, 2020 7:12am Mar 8, 2020 7:12am
Quoting dokopy
{quote} Thanks. Will EA follow? Or at least the script?
Thank you for your question!
- I don't program scripts
- For an EA there are already some experienced programmers (@Spikehunter e.g.) who are working on it.
My problem is that I don't have a license for EAs to send orders in Metatrader, or to set SLs and TPs.
  • #6
  • Mar 8, 2020 7:17am Mar 8, 2020 7:17am
Quoting Spikehunter
{quote} It's already in the process of being built if you look st the original thread and not this parasitic offshoot.
Thank you for your attention.
Do I understand correctly that this thread is parasitic? Why?
  • #7
  • Mar 8, 2020 7:26am Mar 8, 2020 7:26am
Quoting SwingMan
{quote} Thank you for your attention. Do I understand correctly that this thread is parasitic? Why?
Why not just post your indicator in the original thread.

Parasite definition
an organism that lives in or on an organism of another species (its host) and benefits by deriving nutrients at the other's expense.
"the parasite attaches itself to the mouths of fishes"

Not quite but near enough..
Which is way I think your thread is. Imho
  • #8
  • Mar 8, 2020 7:35am Mar 8, 2020 7:35am
I liked the indicator, it gives me a visual idea of what I had already concluded in another post.
https://www.forexfactory.com/showthr...3#post12797523
The idea of adjusting margins was a good one, I would put 2% instead of 15%.
And the Line showing the slope was also cool, if it were an EA opening orders it would be cool.
The indicator is gray, there must be some error, if you were less attached to your creations, other people could improve it.
  • #9
  • Mar 8, 2020 7:52am Mar 8, 2020 7:52am
It is not working well in Gold, it only appears in the daily chart.
usdx too, I think it's because they walk a lot.
  • #10
  • Mar 8, 2020 8:02am Mar 8, 2020 8:02am
Quoting Sorobanista
It is not working well in Gold, it only appears in the daily chart. usdx too, I think it's because they walk a lot.
I also notice this in gold and CFD Spot, oil, it's only working with currency pairs only
  • #11
  • Mar 8, 2020 8:10am Mar 8, 2020 8:10am
Quoting Spikehunter
{quote} Why not just post your indicator in the original thread. Parasite definition an organism that lives in or on an organism of another species (its host) and benefits by deriving nutrients at the other's expense. "the parasite attaches itself to the mouths of fishes" Not quite but near enough.. Which is way I think your thread is. Imho
Not really my business but I'd just like to say that I and many I know have benefited much from Swingmans contributions over many years. He has nothing to prove and has always been a giver - not a parasite. His profile speaks volumes and I for one look forward to where this thread leads. Over n out.
Attached Image
  • #12
  • Mar 8, 2020 8:12am Mar 8, 2020 8:12am
Quoting Sorobanista
It is not working well in Gold, it only appears in the daily chart. usdx too, I think it's because they walk a lot.
Thanks for your comment!

The indicator finds new days if they start at 00:00, and for gold and oil I have different starting times for the days!
I will try to make an adjustment accordingly.
  • #13
  • Mar 8, 2020 8:27am Mar 8, 2020 8:27am
Very nice indy. Works like a charm. Thank you!
  • #14
  • Mar 8, 2020 8:37am Mar 8, 2020 8:37am
Quoting Spikehunter
{quote} Why not just post your indicator in the original thread. Parasite definition an organism that lives in or on an organism of another species (its host) and benefits by deriving nutrients at the other's expense. "the parasite attaches itself to the mouths of fishes" Not quite but near enough.. Which is way I think your thread is. Imho
In my childhood I learned something so as not to offend others: "who says it is".

Ergo: you are a parasite with all your contributions in foreign threads and not in your own ...
OK, you have to live with it.

For your "Best times to trade pairs" thread, an indicator may be interesting to find the "Happy Hours", when the volatility increases statistically above a certain level. One can find my indicator here in forum.
Attached Image (click to enlarge)
Click to Enlarge Name: HappyHours.png Size: 21 KB
  • #15
  • Mar 8, 2020 8:44am Mar 8, 2020 8:44am
Thanks Swingman for your continued contributions. They are appreciated honestly.
EX BBMA trader focusing on REE code.
  • #16
  • Mar 8, 2020 9:07am Mar 8, 2020 9:07am
Quoting Sorobanista
I liked the indicator, it gives me a visual idea of what I had already concluded in another post. https://www.forexfactory.com/showthr...3#post12797523 The idea of adjusting margins was a good one, I would put 2% instead of 15%. And the Line showing the slope was also cool, if it were an EA opening orders it would be cool. The indicator is gray, there must be some error, if you were less attached to your creations, other people could improve it.
As its only an indicator, an easy one at that, that's all it can do is draw lines.
  • #17
  • Mar 8, 2020 9:17am Mar 8, 2020 9:17am
Quoting SwingMan
{quote} In my childhood I learned something so as not to offend others: "who says it is". Ergo: you are a parasite with all your contributions in foreign threads and not in your own ... OK, you have to live with it. For your "Best times to trade pairs" thread, an indicator may be interesting to find the "Happy Hours", when the volatility increases statistically above a certain level. One can find my indicator here in forum. {image}
I've looked for the name of the indicator in the picture but I cannot find it. What is the name of this indi?
  • #18
  • Mar 8, 2020 9:30am Mar 8, 2020 9:30am
Quoting Spikehunter
{quote} As its only an indicator, an easy one at that, that's all it can do is draw lines.
Can you please leave out parasitic comments in this thread?

I will always be happy if one makes helpful comments here.
The clever remark that the indicator draws lines does not help anyone because everyone knows that. It helps some people who are not as talented as you and analyze everything virtually and not visually.
I admit that this is a great advantage over all of us because drawing lines was fatal for Arhimedes ...
  • #19
  • Mar 8, 2020 9:44am Mar 8, 2020 9:44am
Quoting bojack34
{quote} I've looked for the name of the indicator in the picture but I cannot find it. What is the name of this indi?
Here
https://www.forexfactory.com/showthr...0#post12303250

and here
https://www.forexfactory.com/showthr...72#post7988772
Attached File(s)
File Type: mq4 RT_HourRanges Osc_v4.mq4   17 KB | 983 downloads
  • #20
  • Mar 8, 2020 9:51am Mar 8, 2020 9:51am
Quoting YYZ
{quote} hi, did you compare your indicator to any other of such kind like autochartist for example....Autochartist has statistics for trading days and hours for their subscribers. Market makers often kill trading day : they trap some traders and then don't move for entire day so lost trade is guaranteed.....
I don't know what Autochartist offers.

My indicator shows statistically the Happy Hours for the user, on his computer and for his broker
What one does with it is something else.
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