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Attachments: Trade Outside the Box (TOTB)
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Trade Outside the Box (TOTB)

  • #161
  • Mar 13, 2020 12:11am Mar 13, 2020 12:11am
Hello, how is possible to trade in this place. Candle is not reached to buy limit line. Thanks in advance.
And what about pairs for trading. Can someone provide a list of pairs to test on. Thank you
Attached Image (click to enlarge)
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  • #162
  • Mar 13, 2020 5:43am Mar 13, 2020 5:43am
Quoting AlexeyRoss
Hello, how is possible to trade in this place. Candle is not reached to buy limit line. Thanks in advance. And what about pairs for trading. Can someone provide a list of pairs to test on. Thank you {image}
Rule Nš4 to open a market order after close & place a limit order


1-BOX Range (**)pips
2-Wait for Setup to be done Done
3- calculate your risk R:R (Pips / Risk (*%) of my account = could be 1 trade or 2 or 3 positions but totally ( same Risk)

4- Be ready to open your Sell / Buy Market & limit Order as well Done ( buoght + buy limit order placed )



5 Rule of exit (TP) 1 trade @ 50% this case 50% pips of the range
(Tp) 2 Trade @ 100% pips of the range



Exit Rule by Stop loss

close trade if 1H Bar close below low / Above high
ENJOY YOUR TRADE
  • #163
  • Mar 13, 2020 6:02am Mar 13, 2020 6:02am
Quoting Emma7788-FAN
{quote} Rule Nš4 to open a market order after close & place a limit order 1-BOX Range (**)pips 2-Wait for Setup to be done Done 3- calculate your risk R:R (Pips / Risk (*%) of my account = could be 1 trade or 2 or 3 positions but totally ( same Risk) 4- Be ready to open your Sell / Buy Market & limit Order as well Done ( buoght + buy limit order placed ) 5 Rule of exit (TP) 1 trade @ 50% this case 50% pips of the range (Tp) 2 Trade @ 100% pips of the range Exit Rule by Stop loss close trade if 1H Bar close below low / Above high
I'm a little bit confused by these rules. Looking at the screenshots of your results, I only saw one sell limit in a huge midst of market sells, so I am confused.

Ok, let's say the 1H bar closes above the range and it is not too close to the first TP level. We enter a market buy order when this bar closes above the range, understood. The TP of this order is set to half the range above the range, understood. Now, where does the buy limit come in? Once this market order has been placed, we now set a buy order at the top of the range and set TP for the same size as the range? What if the price shoots straight up and does not come back down to the top of the range to fulfil the order?

Can we not just open two orders at the 1H close above the range and set one for 50% TP and one for 100% TP?

If SL for a buy is at the 1H close below the range, the risk to reward ratio for both trades will be 2:1 (risk:reward) and 1:1 respectively, at best. Is this correct?
  • #164
  • Mar 13, 2020 7:22am Mar 13, 2020 7:22am
Quoting Emma7788-FAN
{quote} Rule Nš4 to open a market order after close & place a limit order 1-BOX Range (**)pips 2-Wait for Setup to be done Done 3- calculate your risk R:R (Pips / Risk (*%) of my account = could be 1 trade or 2 or 3 positions but totally ( same Risk) 4- Be ready to open your Sell / Buy Market & limit Order as well Done ( buoght + buy limit order placed ) 5 Rule of exit (TP) 1 trade @ 50% this case 50% pips of the range (Tp) 2 Trade @ 100% pips of the range Exit Rule by Stop loss close trade if 1H Bar close below low / Above high
Pain me a lot #they still running but I feel like I gave my inferiority beat my fraternity.
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  • #165
  • Mar 13, 2020 7:26am Mar 13, 2020 7:26am
Quoting InferiorHost
{quote} Pain me a lot #they still running but I feel like I gave my inferiority beat my fraternity. {image} {image} {image}
But not a bad day
UJ #hit Tp
EA #Half banked
EJ #half banked
GJ #holding with few pips behind my direction
Attached Image(s) (click to enlarge)
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  • #166
  • Mar 13, 2020 7:41am Mar 13, 2020 7:41am
My server is - 4 and im in +3 time zone. What Should i use? Indicator gives me time frame 9:01 and 12:59
  • #167
  • Mar 13, 2020 7:47am Mar 13, 2020 7:47am
Quoting AlexeyRoss
My server is - 4 and im in +3 time zone. What Should i use? Indicator gives me time frame 9:01 and 12:59
I don't know what to say but maybe this will help a little.
Brokers are not the same but candles somehow look alike #you can try to compare!.
  • #168
  • Mar 14, 2020 3:13am Mar 14, 2020 3:13am
What about long trades. Are you leaving them for night time with BE/SL, or closing them at profit/loss?
  • #169
  • Mar 14, 2020 5:22am Mar 14, 2020 5:22am
Hi guys,
I am adapting an EA to this method but I am blocking on one point.
I generate a stop order at the top and another at the bottom of the channel; so far so good.
But how can the order be executed only if the closing is done on the other side and not when the price crosses?
there are certain things that I can do and much more that I cannot do :-)) this one by being part of it! the solution may be very simple ...
If anyone can help me with this ...
I will publish the EA here when it is functional.
Thank you in advance...
  • #170
  • Mar 14, 2020 5:26am Mar 14, 2020 5:26am
Quoting transmat
I generate a stop order at the top and another at the bottom of the channel; so far so good.
Not good at all because the candle has to close above/below the channel before the order is triggered.
So why not use:
Buy (or sell) if close price of H1-candle > (or <) upper (or lower) threshold.
  • #171
  • Mar 14, 2020 6:09am Mar 14, 2020 6:09am
Hi,

Is it possible to add popup and push email alert when Buy or sell entry after closed the candle?

Thanks
Attached File(s)
File Type: ex4 3 Tier London Breakout V.3.3b.ex4   35 KB | 373 downloads
File Type: mq4 3 Tier London Breakout V.3.3b.mq4   21 KB | 372 downloads
  • #172
  • Mar 14, 2020 8:03am Mar 14, 2020 8:03am
Thank you Josi but I had already tried and it doesn't work with the rest of the code; I may have gone in the wrong direction ...
I think I have reached my threshold of incompetence ... lol ...
In addition I find it hard to concentrate because I have a fever, maybe covid 19 ? -))
I pass the baton if someone can make it work according to the rules established here.
Basically this EA was developed by sangui on this file:
https://www.forexfactory.com/showthread.php?t=976730
I modified it so that it works according to the rules established here what it seems to do except for the order to pass only in the event of closing of the candle beyond the threshold; there will be someone competent to resolve this.
Adjust the time of the correct period in the parameters according to your time zone.
I put 5% beyond the range, you can change it.
By displaying 0 for the stoploss, it is placed opposite the zone.
By displaying 50 in TP, it will close the position well at 50% of the range.
To have a second order at 100%, a solution is to place the EA on another graph with another magic number and 100 in TP.
Good luck
Attached File(s)
File Type: mq4 Trade Outside the Box TOTB_EA_V_1.0.mq4   9 KB | 373 downloads
  • #173
  • Mar 14, 2020 10:10am Mar 14, 2020 10:10am
Quoting AlexeyRoss
What about long trades. Are you leaving them for night time with BE/SL, or closing them at profit/loss?
I mostly close *manually* all of my running trades + pending orders before 1700/1800 GMT+3
I took #SwingMan's advice on happy hours!
  • #174
  • Mar 14, 2020 3:25pm Mar 14, 2020 3:25pm
Quoting Emma7788-FAN
{quote} Thatīs why most of Brokers Change servers to not be centered on the BOX and modify the (+) or (-) GMT depending on Your Broker Server Time https://www.forexmarkethours.com
Would you trade both sides of the 6-10 candle if all other conditions are met the same day?
Thanks
  • #175
  • Mar 14, 2020 3:56pm Mar 14, 2020 3:56pm
Quoting InferiorHost
{quote} But not a bad day UJ #hit Tp EA #Half banked EJ #half banked GJ #holding with few pips behind my direction {image} {image} {image} {image}
Is that the default Font on your phone (maybe iPad?)?

Curious...

Cheers
It takes a lot for me to IGNORE you, but you can try.
  • #176
  • Mar 15, 2020 5:48am Mar 15, 2020 5:48am
Hello everyone
There is an error in the EA published yesterday on lines 111 and 112.
It is 1 and not 2 that must be put for the shift.
Here is the corrected EA; please accept my apologies for my inattention.
To visualize well on the screen after having made coincide the periods I put back the indicator "!!! - MT4 BREAKOUT BOX".
No one has found a solution for the order to be executed only if the candle is closed above or below the level ?
Attached File(s)
File Type: mq4 Trade Outside the Box TOTB_EA_V_1.1.mq4   10 KB | 417 downloads
File Type: ex4 !!!-MT4 BREAKOUT BOX.ex4   11 KB | 412 downloads
  • #177
  • Mar 15, 2020 9:33am Mar 15, 2020 9:33am
Hi Emma,

at very first i want to thank you for this cool system. It looks amazing. I have some questions. In you first Posting your Boxes are differs from your later postings. It confuses a lot. How you calculate 50% TP, when you enter on the closed 1 H Candle wich is near TP1.... It can't be 50% of the box range anymore, so when the trade go against you you loose 105 - 130% ... did you respect that in your Backtesting? Often the trade don't retrace back to the breakout box and that don't give you chance to enter with the second Limit order of the second half of your busket for TP2 . In this case you gain just >50% in this trade but can loose 100% and more in the sesond. How do you handle this and calculate this?
  • #178
  • Mar 15, 2020 12:50pm Mar 15, 2020 12:50pm
Hi,
im confused about where to place limit orders and the limit order stop loss, the rest i get.
Thanks.
  • #179
  • Mar 15, 2020 1:41pm Mar 15, 2020 1:41pm
Quoting nihilist23uk
Hi, im confused about where to place limit orders and the limit order stop loss, the rest i get. Thanks.
Someone is interested in not disclosing exhaustive rules.
Please excuse the bad English via Google Translate.
  • #180
  • Mar 15, 2020 2:21pm Mar 15, 2020 2:21pm
Quoting dokopy
{quote} Someone is interested in not disclosing exhaustive rules.
Keep it simple then, thats no problem.
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