Trade Outside the Box (TOTB) | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Thinking Outside the Box!?! 658 replies

Think outside the box- The big picture tech analysis 0 replies

Mission Discovery: Think Outside The FX Box 156 replies

Definition of Bullish Outside Engulfing and Bearish Outside Engulfing 3 replies

Think Outside the Box 26 replies

Attachments: Trade Outside the Box (TOTB)
Exit Attachments

Trade Outside the Box (TOTB)

  • #201
  • Mar 17, 2020 4:07pm Mar 17, 2020 4:07pm
Quoting SwingMan
{quote} Please try the version "3 Tier London Breakout V4.0-GMT" With the original indicator we have the values for box levels only after box-end time. (Do you know that my first contributions to this indicator are from year 2010?! https://www.forexfactory.com/showthr...77#post3924277) The image with colored Box-Levels lines: {file} {image}
Thank you very much.

When I compile the indicator I have the following warnings, but probably is not important.
Attached Image
  • #202
  • Mar 17, 2020 4:22pm Mar 17, 2020 4:22pm
Quoting Alberto_Jazz
{quote} Thank you very much. When I compile the indicator I have the following warnings, but probably is not important. {image}
Is OK, it is not my indicator and I forgot to make corrections for the warnings. In the next version...
  • #203
  • Mar 18, 2020 5:14am Mar 18, 2020 5:14am
Trading Plan 18.03.20

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 201 KB


No thing to do Now just wait for closing BAR

1-06:00-10:00 GMT 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

A- (TP) 1 trade @ 50% this case 50% pips of the range
(Tp) 2 Trade @ 100% pips of the range

B- Exit Rule by Stop loss
close trade if 1H Bar close below low / Above high
ENJOY YOUR TRADE
  • #204
  • Mar 18, 2020 6:13am Mar 18, 2020 6:13am
The Battle was End between Buyers & Sellers

just follow the winner

GJ EA & EG (new)


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 164 KB
ENJOY YOUR TRADE
  • #205
  • Edited 6:39am Mar 18, 2020 6:24am | Edited 6:39am
Are you using any MM EA for your Market and limit orders? Its so slow to put them by hands...
Need something that will work with Swingman's indicator. To put TP and TP1, And limit orders on its place. I have ATR based EA for this. But has no limit orders option.

And how are you chosing target pairs for the day?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200318_141018.jpg Size: 226 KB
Attached File(s)
File Type: ex4 NNFX_Trade_Assistant_v4.0.ex4   42 KB | 362 downloads
  • #206
  • Mar 18, 2020 6:47am Mar 18, 2020 6:47am
GBPUSD no Trade for today

GBP JPY

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 183 KB
ENJOY YOUR TRADE
  • #207
  • Mar 18, 2020 6:51am Mar 18, 2020 6:51am
Quoting Emma7788-FAN
{quote} nice job here AlexeyRoss GU finishing Yestarday box and today was no trade on it the rest is ok {image}

GBP JPY 17.03 +18.03 160+84 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
ENJOY YOUR TRADE
  • #208
  • Mar 18, 2020 7:14am Mar 18, 2020 7:14am
Quoting AlexeyRoss
Are you using any MM EA for your Market and limit orders? Its so slow to put them by hands... Need something that will work with Swingman's indicator. To put TP and TP1, And limit orders on its place. I have ATR based EA for this. But has no limit orders option. And how are you chosing target pairs for the day? {image} {file}

Thanks for EA

i use just Correlations between pairs Targets same 1 Tp & 2 TP
ENJOY YOUR TRADE
  • #209
  • Mar 18, 2020 7:16am Mar 18, 2020 7:16am
Ej just wait for the winner 17.03 set up sellers won the box

18.03 just look to hit 2 Tp of 17.03 and wait

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 161 KB
ENJOY YOUR TRADE
  • #210
  • Mar 18, 2020 7:25am Mar 18, 2020 7:25am
Quoting Emma7788-FAN
The Battle was End between Buyers & Sellers just follow the winner GJ EA & EG (new) {image}

EG ( new pair to spot ) hits 2 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB
ENJOY YOUR TRADE
  • #211
  • Mar 18, 2020 8:07am Mar 18, 2020 8:07am
Quoting SwingMan
{quote} Is OK, it is not my indicator and I forgot to make corrections for the warnings. In the next version...
Hi Swingman, if I write

double Box_High = iCustom("EURGBP",PERIOD_H1,"3 Tier London Breakout V.4.0-GMT",0,0,0) ;

I have the correct number, but I have problems with Box_Low

double Box_Low = iCustom("EURGBP",PERIOD_H1,"3 Tier London Breakout V.4.0-GMT",1,0,0) ;

returns the same value of Box High.

Could you indicate the proper way to recall buffers? Thank you!
  • #212
  • Mar 18, 2020 8:25am Mar 18, 2020 8:25am
Quoting AlexeyRoss
Are you using any MM EA for your Market and limit orders? Its so slow to put them by hands... Need something that will work with Swingman's indicator. To put TP and TP1, And limit orders on its place. I have ATR based EA for this. But has no limit orders option. And how are you chosing target pairs for the day? {image} {file}
So far a good day for this TOTB. I'm using Swingman's verson V4.0-GMT without any issues...
Yep...y're right, a MM EA or still better a full working strategy EA would help very much. By hands it's very laboriously!

Attached Image (click to enlarge)
Click to Enlarge Name: TOTB.png Size: 11 KB
I never lose - either I win or I learn...
  • #213
  • Mar 18, 2020 8:58am Mar 18, 2020 8:58am
Quoting Alberto_Jazz
{quote} Hi Swingman, if I write double Box_High = iCustom("EURGBP",PERIOD_H1,"3 Tier London Breakout V.4.0-GMT",0,0,0) ; I have the correct number, but I have problems with Box_Low double Box_Low = iCustom("EURGBP",PERIOD_H1,"3 Tier London Breakout V.4.0-GMT",1,0,0) ; returns the same value of Box High. Could you indicate the proper way to recall buffers? Thank you!
You must respect the specifications for "iCustom"...
After the name are the inputs. First input is a string.
Buffers are at the penultimate position, than the shift.
Attached Image (click to enlarge)
Click to Enlarge Name: iCustom specifications.PNG Size: 8 KB

Attached Image

Try this:
Attached File(s)
File Type: mq4 Test_iCustom.mq4   2 KB | 339 downloads
  • #214
  • Mar 18, 2020 12:37pm Mar 18, 2020 12:37pm
Quoting Emma7788-FAN
Trading Plan 18.03.20 {image} No thing to do Now just wait for closing BAR 1-06:00-10:00 GMT 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 A- (TP) 1 trade @ 50% this case 50% pips of the range (Tp) 2 Trade @ 100% pips of the range B- Exit Rule by Stop loss close trade if 1H Bar close below low / Above...

18.03´s Trading Plan DONE

https://www.forexfactory.com/showthr...8#post12821138

Before
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 201 KB


After
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 227 KB
ENJOY YOUR TRADE
  • #215
  • Mar 18, 2020 2:50pm Mar 18, 2020 2:50pm
Quoting Emma7788-FAN
Trading Plan 18.03.20 {image} No thing to do Now just wait for closing BAR 1-06:00-10:00 GMT 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 A- (TP) 1 trade @ 50% this case 50% pips of the range (Tp) 2 Trade @ 100% pips of the range B- Exit Rule by Stop loss close trade if 1H Bar close below low / Above...
Hi Emma
If bar closes outside box range do I place a limit order, that means price has to retrace, Ok. What if price does not retrace do I leave out. Thank you
  • #216
  • Mar 19, 2020 1:14am Mar 19, 2020 1:14am
Hi emm,

Thz for yr trading plan.I just want to suggest exit plan.
In term of Pips, when price reach Tp1 (50% of box), our entry 1 is close and tp2(same size of box) entry 2 close.
lets say box size is 50 pip>>> tp1 is 25 pip and tp2 is 50 pip..We booked 25 pip if we hit tp1 and 50 pip if tp 2 hit.
But in terms of Dollar amount, it is not the same like u calculated in pips.
If we risk 50$ each trade and divided into 2 entry>> 25$ each >>eg .box size is 50pip and we trade 0.1 lot each trade.
IF Tp1 hit>>we r not getting 25$(although pip is 25 pip) we only get 12.5$
If tp 2 hit>> altough 50 pip for tp2>>.we get only 25$..
If we both hit TP1+tp2>>>we get 37.5$..
IF we hit FUll SL>>>> we lose 50$
So, our risk:reward is 1:0.75.
I wanted to point out is if we lose 2 streak in a row, we need 3 full Tp to recover that loss.
In terms of pips calculation, the numbers are good.
But in terms of Dollar $, we would be struggle to get consistency if losing streak are kick in.
May i know yr suggestion Emma???

Regards,
Ice
  • #217
  • Mar 19, 2020 8:00am Mar 19, 2020 8:00am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 225 KB
ENJOY YOUR TRADE
  • #218
  • Mar 20, 2020 6:07am Mar 20, 2020 6:07am
20.03.20

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 195 KB



No thing to do Now just wait for closing BAR

1-06:00-10:00 GMT 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

A- (TP) 1 trade @ 50% this case 50% pips of the range
(Tp) 2 Trade @ 100% pips of the range

B- Exit Rule by Stop loss
close trade if 1H Bar close below low / Above high
ENJOY YOUR TRADE
  • #219
  • Edited 10:02am Mar 20, 2020 9:45am | Edited 10:02am
Usdchf. Check it, valid or too late (far from the box)? EMA 200 yellow line
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200320_174604.jpg Size: 62 KB

EJ hit SL and go reverse
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200320_175322.jpg Size: 146 KB

EU going out of EMA 200 and seems like reversing aswell
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200320_180019.jpg Size: 169 KB
  • #220
  • Mar 20, 2020 11:23am Mar 20, 2020 11:23am
Quoting Emma7788-FAN
20.03.20 {image} No thing to do Now just wait for closing BAR 1-06:00-10:00 GMT 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 A- (TP) 1 trade @ 50% this case 50% pips of the range (Tp) 2 Trade @ 100% pips of the range B- Exit Rule by Stop loss close trade if 1H Bar close below low / Above high


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 199 KB
ENJOY YOUR TRADE
0 traders viewing now