Agnew Breakout Method | Forex Factory

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Agnew Breakout Method

  • #1
  • First Post: May 18, 2024 5:22am May 18, 2024 5:22am
Hi,

I have a good breakout system that i will share with you all ,

it uses super trend with an offset area ,

the idea is to wait for the supper trend to change direction then a break of the line enter go for 70 pips with a 50 pip stop loss

or if you want you can go for 20 pips on each break but the stop would be up to you

i wouldn't recommend using a 50 pip stop
Attached File(s)
File Type: ex4 SuperTrend_james - Copy.ex4   16 KB | 584 downloads
File Type: mq4 SuperTrend_james - Copy.mq4   9 KB | 584 downloads
File Type: tpl Supeertrend 111 new.tpl   1 KB | 535 downloads
  • #2
  • May 18, 2024 10:45am May 18, 2024 10:45am
hello, can you post a screenshot with entry exit points ?
  • #3
  • May 18, 2024 11:37am May 18, 2024 11:37am
Quoting jamesagnew
Hi, I have a good breakout system that i will share with you all , it uses super trend with an offset area , the idea is to wait for the supper trend to change direction then a break of the line enter go for 70 pips with a 50 pip stop loss or if you want you can go for 20 pips on each break but the stop would be up to you i wouldn't recommend using a 50 pip stop {file} {file} {file}
Thanks, but what timeframe, forex or metals? Please give us some more information please.
  • #4
  • May 18, 2024 12:36pm May 18, 2024 12:36pm
this system is for the 1 hour timeframe

here is an entry

see the attachment
Attached Image (click to enlarge)
Click to Enlarge Name: Agnew breakoout.jpg Size: 269 KB
  • #5
  • May 18, 2024 1:38pm May 18, 2024 1:38pm
HI ,

I have an update which will be easier to use ,

it displays a middle line , that's the entry area ,

exit is the super trend line in colour ,

entry on black line ,

so you should make around 20 pips

if your aggressive you could try for more ,

but i prefer to take what the market gives
Attached File(s)
File Type: tpl middle line 101.tpl   2 KB | 421 downloads
  • #6
  • May 18, 2024 2:05pm May 18, 2024 2:05pm
I have a good risk rewards method ,

risk 35 pips from the middle line entry , and exit with 70 pips

or you could trail the stop using the middle line to hit for exit

either or is good

let me know if you have any questions about this
  • #7
  • May 18, 2024 6:24pm May 18, 2024 6:24pm
Quoting jamesagnew
this system is for the 1 hour timeframe here is an entry see the attachment {image}
its a cherrypicked chart. show us a ranging market example and how do you trade.
  • #8
  • May 18, 2024 7:16pm May 18, 2024 7:16pm
lol its not cherry picked

its a real time entry
  • #9
  • May 18, 2024 11:52pm May 18, 2024 11:52pm
Quoting jamesagnew
lol its not cherry picked its a real time entry
and why you dont show us a ranging market example
  • #10
  • May 19, 2024 5:18pm May 19, 2024 5:18pm
if the market is ranging the price will be inside the 2 liness , when the price goes past the upper or lower line its an entry

this is simple
  • #11
  • May 19, 2024 5:21pm May 19, 2024 5:21pm
when the super trend changes colour you wait on the first pullback , then wait for the break past the line for entry
  • #12
  • May 19, 2024 5:38pm May 19, 2024 5:38pm
here is what i would do ,

wait on the price to pullback to middle line then wait for the price to hit the other line then go to breakeven

protect your entry

capital perseveration is number 1

hope this helps
  • #13
  • Edited 7:58pm May 19, 2024 6:53pm | Edited 7:58pm
The stop loss should be double the distance between the middle line and the green/red line.
  • #14
  • May 19, 2024 10:12pm May 19, 2024 10:12pm
thank you James for starting this thread i understand your approach with this indicator but your losing value with your entries methodology in terms of RRR i think reversal opportunities pays better, We should add "extra_line_pips SL" a negative line for the up trend and a positive line for the down trend and the current should be "extra_line_pips TP" will be our take profit by having 1:5 RRR

check out these charts

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 16 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1-4.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1-2.png Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1-3.png Size: 19 KB
  • #15
  • May 20, 2024 5:00am May 20, 2024 5:00am
your not using the correct template , my charts look nothing like that , they show retrace into the super trend, but your dont

try the template below
Attached File(s)
File Type: tpl middle line 101.tpl   2 KB | 345 downloads
  • #16
  • May 20, 2024 10:10am May 20, 2024 10:10am
Quoting jamesagnew
your not using the correct template , my charts look nothing like that , they show retrace into the super trend, but your dont try the template below {file}
could you please post your indi settings? Templates never work for me…thanks!
  • #17
  • Edited 10:48am May 20, 2024 10:24am | Edited 10:48am
I apologize if I go outside the strategy proposed in the initial post, but I see great potential in the use of this indicator as highlighted by Silentfixer and especially for those who are open to the possibility of applying a martingale sequence.

Long: Place a buy stop on the black line above the red line and a sell stop with an increased lot on the red line.
Short: place a sell stop on the black line below the green line and a buy stop with an increased lot on the green line.

Updates orders by accompanying line levels.

Take profit at least three times the distance between the black line and the colored line.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #18
  • May 20, 2024 10:53am May 20, 2024 10:53am
[quote=bitgiggy;14873443]{quote} potresti pubblicare le tue impostazioni Indi? I modelli non funzionano mai per me... grazie! [/citazione]
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
  • #19
  • May 20, 2024 10:54am May 20, 2024 10:54am
[quote=bitgiggy;14873443]{quote} potresti pubblicare le tue impostazioni Indi? I modelli non funzionano mai per me... grazie! [/citazione]
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #20
  • May 20, 2024 3:07pm May 20, 2024 3:07pm
[quote=flashpaul;14873497]
Quoting bitgiggy
{quote} potresti pubblicare le tue impostazioni Indi? I modelli non funzionano mai per me... grazie! [/citazione] {image}
Thank you. It seemed having "copy" in the name was the issue. Deleted that from the indis in post 1 and now the template works.
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