{quote} Claudia -here is the chart - hopefully I have drawn it correctly:Not looked at other days yet. {image}
Billytt Die happy trading e/j daily breakout
- #59,561
- Sep 7, 2021 1:01pm Sep 7, 2021 1:01pm
- Joined Apr 2013 | Status: Trader | 10,297 Posts
- #59,562
- Sep 8, 2021 12:01am Sep 8, 2021 12:01am
Having an ea coded for breakouts - if anyone one wants to help test then pm me with an email address. Be around 10-12 days. It's very simple and is aimed at market opening breaks - nothing new and there are lots out there but this is slightly different. Need MT4.
- #59,563
- Sep 8, 2021 4:09am Sep 8, 2021 4:09am
- Joined Apr 2013 | Status: Trader | 10,297 Posts
{quote} Always happy to help Claudia
- #59,565
- Sep 8, 2021 5:25am Sep 8, 2021 5:25am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #59,567
- Sep 8, 2021 5:37am Sep 8, 2021 5:37am
- Joined Oct 2010 | Status: retired | 1,659 Posts
Getting to like FTSE {image}
- #59,568
- Sep 8, 2021 5:49am Sep 8, 2021 5:49am
- Joined Apr 2013 | Status: Trader | 10,297 Posts
{quote} FTSE is more inline with the strategy it gets better
- #59,569
- Sep 8, 2021 7:08am Sep 8, 2021 7:08am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
{quote} Hello Mucky. Thanks. I think I've stumbled across this one before but i tested it again. For me it's not boxing the BillyBar setup correctly from the high to low of the M15 candle / range and if you switch to a lower or higher time frame it looks different again. It should stay the same no matter the time frame. So when i switch to M5 or H1 after the range established for the defined start to end time the box/lines will stay at the correct levels. There is no option to show multiple TP and a SL level and no option to show the size of the...
this one is an old indi - you already tried it?
https://www.forexfactory.com/thread/...ondon-breakout
Mucky
- #59,574
- Sep 8, 2021 4:38pm Sep 8, 2021 4:38pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
{quote} Hello Iddd, this one is an old indi - you already tried it? {file} https://www.forexfactory.com/thread/...ondon-breakout Mucky
I probably tried 95% of the ones which you can google or find on forums during the last year. I ditched all of them again. A lot of these indicators or EAs are either poorly designed, are a overload or simply missing the real important parts i would like to have.My standards are quiet high. I used to work as as a web developer and programmer for many years, maybe thats why.
So far i am using a simple indicator user mosisk once gave to me (to whom I am forever grateful). It's called "HighLowRange.mq4" and can plot two horizontal lines above below the setup bar/candle defined in the settings and also provides the option to show the size of the range in Pips. But this one is depending on the time frame you watch. If you switch down to M5 the range is no longer the same range. So that's a bit annoying.
Also a few other things are not what i would like to have. I sadly don't have the extra time (next to learning how to properly trade) to even further get a better understanding about the MQL programming language otherwise i would have already started to make these changes myself.
I am going to wait for Claudia's EA she gave under development and see what that will look like and can do. But i probably will still have to get such indicator coded to my special needs. If so, i am going to share it with all of you here for sure (if allowed to do that).
regards.
- #59,575
- Sep 8, 2021 8:41pm Sep 8, 2021 8:41pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
US 30 12.45 -13.00 break. Caught out on the up but the down more than made up {image}
How do you decide to do a second entry if the initial break hits your Sl? Is that somehow based on a individual per case scenario you then manual decide after reviewing a first failed entry or something you already planned before? For the second entry to the other direction do you then raise the trade size while keeping your initial take profit target that you had on the first entry or somehow adjust? Guess my next question already? What if the second entry fails too for the day (maybe then even at increased exposure). Do you have a limit on the max. of re-entries you would execute for the same setup here? Let’s assume a 3 fails in a row for the 10 pips Sl at no increased size. You would be -30 at that point, is that going to be balanced out on its own by keep trading the setup/strategy or do you then need to make further different trades for that? I guess it’s then the same procedure for the other breakouts like the NTBB setup on FTSE.
- #59,576
- Sep 9, 2021 5:45am Sep 9, 2021 5:45am
- | Joined Jun 2020 | Status: Offline | 1,471 Posts
{quote} Now here it comes
I only know 2 other successful pro traders and they don't use them...
- #59,577
- Edited 6:33am Sep 9, 2021 6:04am | Edited 6:33am
- Joined Apr 2013 | Status: Trader | 10,297 Posts
{quote} Now here it comes
FTSE, NTBB, US30, EJ (thanks to ikdenk for reminding me of the Dreams ea) are a different matter as I will only trade them with the new advisor using a hard stop.
Haven't answered your questions too well I know, but it's so difficult as we are all different in our approach. Also I am happy to add to losing trades and fight my way back to profit. Not for everyone.
