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Breakout Trading - Simple Weekly System

  • #161
  • Apr 19, 2020 8:25am Apr 19, 2020 8:25am
I believe alerts could be useful on bojack34 indicator.
Without bothering George, I found the below indicator to be quite handy :

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 454 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 105 KB


Source : https://www.mql5.com/en/forum/212723
Attached File(s)
File Type: ex4 Alert_plus.ex4   11 KB | 434 downloads
File Type: mq4 Alert_plus.mq4   4 KB | 509 downloads
File Type: txt alert_plus_bojack34 .set.txt   < 1 KB | 380 downloads
  • #162
  • Apr 19, 2020 9:54am Apr 19, 2020 9:54am
Hi SwingMan. I am still hopeful we will get an alert for the Breakout system.
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #163
  • Apr 19, 2020 10:26am Apr 19, 2020 10:26am
Yes alerts would benefit us always, I guess SwingMan already knows this. I also hope bojacks version get alerts.

@bojack34 do you enter trades when swingmans indicator shows you the setup or you have any other conditions?
Anything above the line is an uptrend, below the line is a downtrend.
  • #164
  • Apr 19, 2020 11:27am Apr 19, 2020 11:27am
Quoting Degolep
Yes alerts would benefit us always, I guess SwingMan already knows this. I also hope bojacks version get alerts. @bojack34 do you enter trades when swingmans indicator shows you the setup or you have any other conditions?
I enter trades when the indicator shows a setup. I try to zoom out and take into consideration of the location of price.
  • #165
  • Apr 20, 2020 10:58am Apr 20, 2020 10:58am
@swingman would it be too much to ask if you can post the .mq4 version of the sm4barbojack? You were kind enough to release it here https://www.forexfactory.com/showthr...9#post12884159

So we won't bother you with additional wishes that we would like to be added to the indicator.
Anything above the line is an uptrend, below the line is a downtrend.
  • #166
  • Apr 20, 2020 11:31am Apr 20, 2020 11:31am
Quoting Degolep
@swingman would it be too much to ask if you can post the .mq4 version of the sm4barbojack? You were kind enough to release it here https://www.forexfactory.com/showthr...9#post12884159 So we won't bother you with additional wishes that we would like to be added to the indicator.
When you say, "WE", do you mean "You"? lol. Because I have no idea how to code. Releasing the MQL4 would be no benefit to someone like me...haha. TY SM for everything btw! Green pips everyone.
  • #167
  • Apr 20, 2020 11:39am Apr 20, 2020 11:39am
Quoting bojack34
{quote} When you say, "WE", do you mean "You"? lol. Because I have no idea how to code. Releasing the MQL4 would be no benefit to someone like me...haha. TY SM for everything btw! Green pips everyone.
Sure it's me, and maybe someone else.
Anything above the line is an uptrend, below the line is a downtrend.
  • #168
  • Apr 21, 2020 7:42pm Apr 21, 2020 7:42pm
SM, May I ask you for an addition to.........
Attached File(s)
File Type: ex4 sm3BarFractalBreak-BoJack v3.0.ex4   33 KB | 438 downloads
I was wondering if you could add the price labels (trading level values) to the "SL1_Factor" and "TP1_Factor". Currently it only shows price labels for sl2 and tp2 (See Picture). Also, could you please add an input that will allow us to choose either Candle 2 or Candle 3 for our SL's. Same rules apply to both candles, I just want the option to use either candle. TYVM SM!!

EDIT: I accidentally took a screen shot of a chart that had a closed trade on it. You can see that I entered at the open of Candle 4. I also had a Sell Stop up at the DPV line and the Weekly Open line. Price didn't get up there so I canceled it. You can also see that my TP target was the 00 line. Considering the Weekly Open and the DPV line were both before the high of Candle 3, I used Candle 3 as my SL instead of Candle 2. My SL was about 40 pips and the 00 line was about 36 pips away.....so not quite 1:1 but I don't care. That's pretty much it. I wait for the 3 bar set up to occur and then I enter a trade at the Open of Candle 4...and then wait for price to retrace and then enter another trade on the retrace.

Attached Image (click to enlarge)
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  • #169
  • Apr 27, 2020 2:47am Apr 27, 2020 2:47am
Quoting bojack34
...I was wondering if you could add the price labels (trading level values) to the "SL1_Factor" and "TP1_Factor". Currently it only shows price labels for sl2 and tp2 (See Picture). Also, could you please add an input that will allow us to choose either Candle 2 or Candle 3 for our SL's.
New version "sm3BarFractalBreak-BoJack v4.0"

Please check the new parameters:
Inserted Code
StopLoss_OnBar_2or3=2
 
Show_TradingLevel_2_Values = true
Show_TradingLevel_1_Values = false
 
Price_Position=LEFT_PRICE
Attached Image (click to enlarge)
Click to Enlarge Name: sm3BarFractal-v4.0.PNG Size: 37 KB
Attached File(s)
File Type: ex4 sm3BarFractalBreak-BoJack v4.0.ex4   38 KB | 961 downloads
  • #170
  • Apr 27, 2020 7:37am Apr 27, 2020 7:37am
Quoting SwingMan
{quote} New version "sm3BarFractalBreak-BoJack v4.0" Please check the new parameters: StopLoss_OnBar_2or3=2 Show_TradingLevel_2_Values = true Show_TradingLevel_1_Values = false Price_Position=LEFT_PRICE {file} {image}
You're awesome! TY for being so generous! God Bless You!
  • #171
  • May 3, 2020 4:02am May 3, 2020 4:02am
Quoting SwingMan
{quote} New version "sm3BarFractalBreak-BoJack v4.0" Please check the new parameters: StopLoss_OnBar_2or3=2 Show_TradingLevel_2_Values = true Show_TradingLevel_1_Values = false Price_Position=LEFT_PRICE {file} {image}
Thank you for sharing a lot of information, index. That makes it easier for newcomers like us to access and facilitate research. I also want to research and edit the code according to my own strategy. I ask you What programs and tools do I need to open the code and can check the code and edit it so I can use it again. Correction example: sm3barFractal .... .ex4 We hope you share the information above. Sincerely thank!
  • #172
  • May 3, 2020 7:50am May 3, 2020 7:50am
Great work SwingMan
  • #173
  • Edited 9:58am May 4, 2020 9:35am | Edited 9:58am
Quoting SwingMan
{quote} Sure, maybe the next version with alerts. I am pleased that many members download this indicator for the private collection, because I have not yet seen any charts with it. Everyone just wants to use the EA, so the indicator is superfluous!
Thanks a lot Mate and sorry for my late reply. However I see you've perhaps not had the time to post the breakout indicator with an alert like you suggested. Someone else here also suggested adding an option of choosing other days of the week instead of a limit of Monday and Tuesday. Still looking forward to you posting this new version in mq4. Cheers.
Read in between the price!!!
  • #174
  • May 4, 2020 12:43pm May 4, 2020 12:43pm
Hi,

I am a rookie in this platform and platform did not allow me to create my own thread. however i have been working on an indicator and i am missing one functionality. I am trying to write MQL4 code to determine if the candle that hits the trend or horizontal line is a bear or a bullish. i have the below code, it will work on the first go but fails the second time. E.g if a resistance line is hit by a bullish and breakout indicator will signal it that line was touched by a bullish candle but if it decides to reverse as a result of a false breakout with a bearish candle the indicator will still signal it as a bull. If any of you knows how to assist or have to the proper code for this i will highly appreciate it.

if(Open[1] < Open[0])
candle= "Bull";
if(Open[1] > Open[0])
candle= "Bear";
  • #175
  • May 14, 2020 3:22pm May 14, 2020 3:22pm
Quoting bojack34
{quote} I haven't really traded Daz's strategy. I'm trying to get into the trade a little earlier than he is. I'm am also not trying to go for as many pips as he goes for. In my mind what I'm trying to accomplish is enter into a set up that I feel shows some momentum in a direction. I wait for the setup to be complete which gives me a direction and then I wait on the pullback to a level where I feel price will stall and then reverse in the original direction. This setup typically occurs after a BIG momentum candle. (usually Candle 3). After a big...
Hi,
does the high of candle 3 need to be breached in order for you to call it the trigger. In other words candle 3 high is taken out by candle 4 then candle 4 pulls back and you enter somewhere on the pullback? Is that correct? If candle 3 high is not exceeded no trade??
Thanks.
  • #176
  • May 14, 2020 3:45pm May 14, 2020 3:45pm
Quoting SwingMan
{quote} New version "sm3BarFractalBreak-BoJack v4.0" Please check the new parameters: StopLoss_OnBar_2or3=2 Show_TradingLevel_2_Values = true Show_TradingLevel_1_Values = false Price_Position=LEFT_PRICE {file} {image}
Thanks Swingman I'll give this a try...
  • #177
  • Sep 21, 2020 4:25am Sep 21, 2020 4:25am
Quoting SwingMan
{quote} New version "sm3BarFractalBreak-BoJack v4.0" Please check the new parameters: StopLoss_OnBar_2or3=2 Show_TradingLevel_2_Values = true Show_TradingLevel_1_Values = false Price_Position=LEFT_PRICE {file} {image}
Swing man sir,
i have been following all your work ,i used your fractal break indicators available,please would u make something like this,i think you have already made something like this but i dont want price and tp,sl,just break out line until it breaks,Many thanks!
Attached Image
  • #178
  • Edited 3:31am Jan 16, 2021 3:08am | Edited 3:31am
Quoting SwingMan
{quote} Here https://www.forexfactory.com/showthr...0#post12303250 and here https://www.forexfactory.com/showthr...72#post7988772 {file}
please i will appreciate to get a working RT hour ranges osc here, all these here are not working, please
Also what are the rules for this daily system?
Any chance i can get sm ATR indicator here?
Thanks
  • #179
  • Jan 16, 2021 7:46am Jan 16, 2021 7:46am
I've understood the rules for the system, all I need now are those indicators, as for alerts, I don't have issues with that, I'll set it up manually, I trade only 7 major pairs on cent account for now, fine-tuning skills, so that as I get better results, the confidence grows, then I can increase my trading size
  • #180
  • Jan 30, 2021 8:12am Jan 30, 2021 8:12am
Quoting A-5
{quote} please i will appreciate to get a working RT hour ranges osc here, all these here are not working, please Also what are the rules for this daily system? Any chance i can get sm ATR indicator here? Thanks
I've got working indicators, my meta editor was not working and I didn't know until later, and that solved the problem.
Happy Green pips I'm grateful for the help of God and the works 9f Mr tools, malden and swingman and every generous members of the factory
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