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Breakout + Spread!! Sure!!!

  • #21
  • Edited 9:30am Jul 15, 2007 9:02am | Edited 9:30am
Thanks so much for sharing this with everyone!

Can anyone see the box breakout color on their charts?

BTW: I love Italy so much. The people, the country,
and of course... the food! Wonderful!

Have a GREAT WEEK!

FXS
  • #22
  • Jul 15, 2007 10:03am Jul 15, 2007 10:03am
Quoting FXSurfer

Can anyone see the box breakout color on their charts?
Nope... Box Breakout color seems to be invisible...
  • #23
  • Jul 15, 2007 10:18am Jul 15, 2007 10:18am
Wow, look like a great breakout system for me...going to try this next week!

Thanks man!!!
Patience, let the market come to you!
  • #24
  • Jul 15, 2007 10:36am Jul 15, 2007 10:36am
Quoting eagle
GBP/USD
Looks good man. Many Thanks.

Also, as howard asked, is 5-8 in GMT time??
Im using interbankfx demo.
Cheers.
  • #25
  • Jul 15, 2007 10:38am Jul 15, 2007 10:38am
Also, where do you put the stoploss? Is it the other side of the breakout box??

Thanks.
  • #26
  • Jul 15, 2007 10:55am Jul 15, 2007 10:55am
I'm sorry, but could any one tell me how to use the indicator?

Please give me example...

Thanks a lot
  • #27
  • Jul 15, 2007 11:01am Jul 15, 2007 11:01am
whats the difference from Hans breakout? different in timing?
Attached File(s)
File Type: mq4 SDX-ZoneBreakout2.mq4   9 KB | 3,430 downloads
I'm just moving clouds today - tomorrow I'll try mountains.
  • #28
  • Jul 15, 2007 11:02am Jul 15, 2007 11:02am
Quoting Ryurina
I'm sorry, but could any one tell me how to use the indicator?

Please give me example...

Thanks a lot
Yes,

The use of indicator is as follows:

1. Indicator draws a box capturing the high and low of the price for the given time frame and number of candles. Particulary this indicator monitors high and low from 5am to 8am.

2. Indicator draws a box, keeping those high and low in memory for the rest of the day or given time period (for this example it's 23:00 or 11PM).

When price breaks out of the given high or low, you accordingly must buy or sell depending on which side of the box was penetrated (high or low).

If there are more questions, please don't hesitate to ask, I'm always ready to help
  • #29
  • Jul 15, 2007 11:27am Jul 15, 2007 11:27am
Quoting eagle
Timetable Breakout 5,00 - 8,00 Am

Is 5-8 Am GMT? If not which broker's time are you using?

Thanks
  • #30
  • Jul 15, 2007 11:55am Jul 15, 2007 11:55am
Greetings,

Very interesting strategy. Can anyone advise me on this strategy. I have not seen an outline of this strategy anywhere on this forum. I would appreciate any assistance. Also, what are the best currency pairs to use with this method and the best timeframe. Thank you.

Regards,

forexnetworth
  • #31
  • Jul 15, 2007 11:59am Jul 15, 2007 11:59am
Quoting Dexis
Yes,

The use of indicator is as follows:

1. Indicator draws a box capturing the high and low of the price for the given time frame and number of candles. Particulary this indicator monitors high and low from 5am to 8am.

2. Indicator draws a box, keeping those high and low in memory for the rest of the day or given time period (for this example it's 23:00 or 11PM).

When price breaks out of the given high or low, you accordingly must buy or sell depending on which side of the box was penetrated (high or low).

If there are more questions, please don't hesitate to ask, I'm always ready to help

Thanks a lot Dexis...,

Now, it's much easier read this indicator, well... Just one question left.
The time zone, is it GMT?

Great indicator, Thank you very much Eagle...
  • #32
  • Jul 15, 2007 12:08pm Jul 15, 2007 12:08pm
my being GMT +1.
I TO USE UP AND DOWN WITH STOP LOSS OF 15 PIPS. I TO ONLY WORK FOR 10 PIPS +SPREAD BUT YOU TO BE ABLE TO USE VARIOUS
  • #33
  • Jul 15, 2007 12:22pm Jul 15, 2007 12:22pm
I Excuse King With All You For My Ugly English
To Be Able To Help With The Friends Of The Tribune
Thanks Dexis
  • #34
  • Jul 15, 2007 12:27pm Jul 15, 2007 12:27pm
I stopped beleiving in breakout systems like these after I saw Hans123 system performance for this year. It worked for over 3? years, and now its a pity it stopped since the beginning of this year.
  • #35
  • Jul 15, 2007 12:30pm Jul 15, 2007 12:30pm
For Eur/usd Still They Are Not Convinced…
To Have Added 3 Pips Box Breakout_offset
  • #36
  • Jul 15, 2007 12:32pm Jul 15, 2007 12:32pm
3 Pips Up E Down For Eur Usd
Attached Image (click to enlarge)
Click to Enlarge Name: OFFSET.jpg Size: 36 KB
  • #37
  • Jul 15, 2007 12:34pm Jul 15, 2007 12:34pm
Hi,

May i know what is the best pair to trade? Also the time 5 to 8 is base on GMT-1? or NY time?

Now i am confuse about the time only...

Thanks
Patience, let the market come to you!
  • #38
  • Jul 15, 2007 12:38pm Jul 15, 2007 12:38pm
...i Use Metatrader
Attached File(s)
File Type: mq4 BreakOut_EURUSD_EAGLE__indicator.mq4   7 KB | 3,615 downloads
  • #39
  • Jul 15, 2007 12:42pm Jul 15, 2007 12:42pm
Gbp/usd ,gbp/jpy
  • #40
  • Jul 15, 2007 12:47pm Jul 15, 2007 12:47pm
If I understood the rules correctly, buy or sell if the price goes thru the box with 15 pips stoploss, then I have some bad news.

see pic
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 21 KB
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