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Attachments: 3 Bar Fractal Break
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3 Bar Fractal Break

  • #1,241
  • Aug 13, 2020 2:43pm Aug 13, 2020 2:43pm
i may be back soon guys. Im kinda enjoying my m1 trading at the moment, stress free. in and out. No stress from haters by not posting on here
  • #1,242
  • Aug 13, 2020 2:51pm Aug 13, 2020 2:51pm
ill post an update on how to use daily chart and enter only on h4 tomorrow evening .
  • #1,243
  • Aug 13, 2020 3:22pm Aug 13, 2020 3:22pm
Quoting dazjw2311
i may be back soon guys. Im kinda enjoying my m1 trading at the moment, stress free. in and out. No stress from haters by not posting on here
please post fresh setups on the 1m

thanks
  • #1,244
  • Aug 13, 2020 9:41pm Aug 13, 2020 9:41pm
Quoting dazjw2311
ill post an update on how to use daily chart and enter only on h4 tomorrow evening .
Looking forward to it.

I found this free indicator which should make the task of locating the fractals much easier: https://www.mql5.com/en/market/product/17457
Learn from your mistakes and march on.
  • #1,245
  • Aug 14, 2020 5:35am Aug 14, 2020 5:35am
Quoting dazjw2311
i may be back soon guys. Im kinda enjoying my m1 trading at the moment, stress free. in and out. No stress from haters by not posting on here
Nice to see you back Daren. I am looking forward to your description about trading on h4 with the strategy
  • #1,246
  • Aug 14, 2020 5:38am Aug 14, 2020 5:38am
Quoting here2there
{quote} Looking forward to it. I found this free indicator which should make the task of locating the fractals much easier: https://www.mql5.com/en/market/product/17457
Hello dazjw2311 thanks for the link.For some reason I can not download that indicator, anybody can upload here in FF/Thanks in advance
  • #1,247
  • Aug 14, 2020 6:54am Aug 14, 2020 6:54am
Thank you for the update Daren. Looking forward to your posts. Billy
  • #1,248
  • Sep 3, 2020 10:48am Sep 3, 2020 10:48am
Quoting dazjw2311
ill post an update on how to use daily chart and enter only on h4 tomorrow evening .
Hellodazjw2311. Did you post the update your were talking about?.

Gr Keansajeweki
  • #1,249
  • Edited 11:38pm Sep 5, 2020 10:30pm | Edited 11:38pm
daz,

I'm a little late to the show but here nonetheless. Thank you for all the time and effort you've put into this strategy! Also a student of ICT's work, I've always had issues with entries and I feel the 3BFB is the missing link I've been looking for. I am grateful!!

Personally, I trade futures and about 3 weeks in I have found the 3BFB entry amazing thus far (indexes, gold, occasionally forex major futures, haven't plunged completely into the world of forex..... yet). I am still exploring your Monday/Tuesday range & EMA strategies but haven't quite gotten the handle of it, still back testing.

I did want to share what has been working nicely for me in the few weeks I've been exposed to this strategy just to emphasize your point that the 3BFB entry can be used creatively as we see fit.

1H-15M Strategy:
1. On 1H, identify when price dips/rises into an ICT order block. I am currently using EMA's to assist in directional bias.
2. On 15M, identify 3BFB within the order block and enter on the break of bar 4.
3. Currently placing my SL at 50% of the range from the low/high in the order block to the low/high of bar 4. (In the short time I've been exploring this, I've just found this to be the sweet spot to get out with a 2:1 reward/risk ratio, still a work in progress)
4. I also move my stop to BE when price action closes past the 1:1 mark currently as I am still testing the strategy and trying to keep my risk low as I continue to explore.
5. Optionally, I will keep a runner on after 2:1 is hit and trail stop 2 fractals behind price (another ICT strategy). Or trail it behind by 1 standard deviation depending on how I feel.
6. I only enter on Tuesday-Thursday 8-11 AM ET (NYC KZ)

I've included some examples (Gold and S&P) of some of the wins in recent weeks using the above. To my delight, coincidence or not, I have seen to some to the tick 2:1 moves using this strategy.

Any feedback is appreciated (improvements? pitfalls?). Thanks again and hope to see you around soon.
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  • #1,250
  • Sep 15, 2020 2:26pm Sep 15, 2020 2:26pm
Quoting howa61
{quote} Hello dazjw2311 thanks for the link.For some reason I can not download that indicator, anybody can upload here in FF/Thanks in advance

Same
  • #1,251
  • Sep 20, 2020 1:38am Sep 20, 2020 1:38am
Quoting shuey
daz, I'm a little late to the show but here nonetheless. Thank you for all the time and effort you've put into this strategy! Also a student of ICT's work, I've always had issues with entries and I feel the 3BFB is the missing link I've been looking for. I am grateful!! Personally, I trade futures and about 3 weeks in I have found the 3BFB entry amazing thus far (indexes, gold, occasionally forex major futures, haven't plunged completely into the world of forex..... yet). I am still exploring your Monday/Tuesday range & EMA strategies but haven't...
So, you are basically want to TP before price starts to retrace back to that order block. Your 50% level of that block is used to be set your SL instead of swing high or low because you wanna make your sl smaller for a better RR.
Whatever is happening right now has happened before and will happen again.
  • #1,252
  • Sep 20, 2020 2:51am Sep 20, 2020 2:51am
Quoting Zeuspt
Any indicator for this? with fix stop loss and TP?
Can you describe me this pattern in words? Then I wrote an indicator and EA for this strategy.
  • #1,253
  • Sep 20, 2020 9:48am Sep 20, 2020 9:48am
Tom has used a similar Fractal break trading approach:
View from 46:25

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #1,254
  • Edited 6:47am Sep 27, 2020 4:38am | Edited 6:47am
Thanks, turnip15. I have seen this video and have read Tom Hougaard book names as The Trading Manual Singles that I downloaded from his site. Is it the same trading strategy as one that is discussing in this branch?
I've written an indicator by these rules. You can download it now from my attatchments. it also required my library that you need put by path Your Terminal Path\MQL5\Libraries\EnvironmentInfo\ like in my attached screenshot.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex5 TimeSeries.ex5   13 KB | 461 downloads
File Type: ex5 4BarFractalBreak.ex5   20 KB | 576 downloads
  • #1,255
  • Sep 27, 2020 4:44am Sep 27, 2020 4:44am
As I see, there are a lot of elements of this pattern and it's not a working strategy. Can someone correct if I understand these rules incorrect?
  • #1,256
  • Edited 12:23pm Nov 5, 2020 12:00pm | Edited 12:23pm
Quoting ziggy
Hi Daz, I have long since stopped logging in & posting on FF but felt compelled to congratulate you on your thread & work - well done, it's all there for people to see and without a doubt it works. I basically just trade the Dax as I can get what I want pretty much set and forget, but anyone interested in trading the markets based on the only action that matters - price, can sure make an income from this approach. Just for interest I looked at EU using the weekly chart with entries from the daily close - sure the risk in pips can be pretty high,...

Ziggy if you'd be so glad and share your contact with me I'd appreciate it so much. I know that you are retired, but I literally made a ForexFactory account just to ask you that. My email is { email address deleted by staff } and I'm a Dale's member since 2018. I'm also helping him with running the website since recently. Hope to hear back from you. Sorry DAZ for this post since it's not directly connected to your thread. Also sorry if I broke some forum rules, I don't know how this goes but am just seeking the contact.

Cheers,
-Bruno
  • #1,257
  • Edited 3:45am Nov 27, 2020 3:30am | Edited 3:45am
I wrote a script for this strategy. As usual, everything looks great in hindsight, but the chop* will kill you. The signals are over whelming. Judge for your self, but I'm out.


* Consolidation
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  • #1,258
  • Edited 6:12am Nov 29, 2020 5:48am | Edited 6:12am
Quoting hoz
As I see, there are a lot of elements of this pattern and it's not a working strategy. Can someone correct if I understand these rules incorrectly?
it works - but I'm not 100% sure if its good as an EA ... would say it also depends where we are on the chart

Might need some higher/lower tf as a filter

Side note Tom use 4 bar fractal, not as the treat subject is saying 3 bar fractals
  • #1,259
  • Edited 6:33am Nov 29, 2020 5:54am | Edited 6:33am
Quoting hoz
Thanks, turnip15. I have seen this video and have read Tom Hougaard book names as The Trading Manual Singles that I downloaded from his site. Is it the same trading strategy as one that is discussing in this branch? I've written an indicator by these rules. You can download it now from my attatchments. it also required my library that you need put by path Your Terminal Path\MQL5\Libraries\EnvironmentInfo\ like in my attached screenshot. {file} {file} {image}
if you watch this podcast with Tom Hougaard - he states very clear - it's not the patterns but your mindset
Inserted Video


Think that is a BIG takeaway.

Might add it's a multi-mill earner - being 100% honest. That's rare in this business
  • #1,260
  • Dec 11, 2020 8:47pm Dec 11, 2020 8:47pm
Quoting DeejaySnipes
Thanks Daz for sharing. Very simple. Just for others. The fixation on EA's etc needs to stop. use your eyes. Don't try to over complicate things. The fixation on EA's etc needs to stop. use your eyes. Your eyes is your best indicator. The fixation on EA's etc needs to stop. use your eyes. Apply what works for you. don't bash others. The fixation on EA's etc needs to stop. use your eyes. Then before asking, read the entire thread. No sense in people taking their time to share and you come in at the asking questions that is covered if you read. The...

Thanks again Daz. I have been super profitable with the simple and basic strategy. Never had so much withdrawals.

forget all the indicators and EA's, it is unnecessary.
If you really wish, then just get the fractal indicator, if you really can't see the HH or LL then maybe this is not for you.
Just have a view of Support and Resistance key areas. These become my SL areas. I prefer trailing stops and yes it limits my profits but my win ratio is super high.
follow the strategy as it is explained in the beginning with all the other confusing bits out.

Refer back to my initial post on this.

IT WORKS!!!!
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