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4H Box Breakout

Quoting Brle110
Why this chat group is dead when this system works
DO you still use this system ?
Yes
Why not to use it it only put 1 in a week a trade and that is all
HI, I went through initial pages and was impressed so i tried this system forward testing on demo account with positive result..
Quoting Ace284
{quote} Forex = uncertainty Thats the bottom line. The reason why there are good traders is because they understand the concept of money management. I'm under the impression that you have lost some money on the forex which is perfectly normal, happens to the best of us. This system is 90% mechanical. If you are a beginer than you should leave it like this. So the question is, how do you know when to use what strategy, or if the strategy is just performing well for the time being. It is difficult to know this and i'll be honest I don't know what...
Quoting Brle110
Yes Why not to use it it only put 1 in a week a trade and that is all
Any numbers you wanna share like number of trades you've done, % succesfull at R:R rate?

Or any backtest numbers or edges you've found?

Seems promising but can't imagine this system can be consistently profitable as it lacks any hard edge or system in place to avoid choppy/ranging markets.
Someone said that EurGbp, Dow, S&P 500 and FTSE behave the same as jpy pairs, house,has any one confirm these pairs?
Quoting pips info
1 more hour to go for the 1st candle to complete, then start the party!! Just reviewing EG pair, seem GBP is strong against EUR and JPY is stronger than both of them. So, I am thinking whether am I going for E/J or G/J pair? because I normally trade one of the pair only.
How is review on EurGBP?
FYI.
I backtested this on EJ H4 for the entire of this year Jan onwards.
Outcome is positive.

My trade plan may have some variations from ACE284
Here's my parameters:
I trade using 2 lots aka 2 positions.
Entry for trade is as per ACE284.
Once entry is triggered, I have 2 lots executed.
If SL hit, that means I suffer 2 lots loss.
If TP1 hit, I will bring 2nd position to BE.
If TP2 hit, I'm totally out of the trade.

Based on above parameters, outcome is positive.
I look forward to backtesting more pairs, including Indices.
Happy trading!
Quoting sojournerr
{quote} Ace and a few members have backtested this, this method gave decent results risking 2% per trade, the most recent in 2008. This is not a quick-get-rich method, but it teaches that patience and decent methods can be profitable - the biggest obstacle is the trader himself, if he can handle the drawdown and ignore the hourly noise. Any method will suffer a drawdown, and losing is part of the game. Traders have to accept that the market will do what it wants to do - therefore, you have no control over whether your stoploss or first/second TP...
Please I need a copy.

Omoro4life.
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