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Attachments: Breakout + Spread!! Sure!!!
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Breakout + Spread!! Sure!!!

  • #101
  • Jul 17, 2007 2:13pm Jul 17, 2007 2:13pm
do you use buy and sell stops above and below the zone? how do you enter the trade?
  • #102
  • Jul 17, 2007 2:31pm Jul 17, 2007 2:31pm
Quoting audionut
Thanks for the response!

NOT to be to "demanding" here...

But could some kind soul add an AUDIBLE ALARM to these boxes? Would allow us poor east coast USA traders to get SOME sleep

Thanks again to EVERYONE who contributes to this board!!
Great Thread,

I was thinking that is someone is adding an audible alarm would be a great idea to add an email alarm too. Adding an email can be use to send a SMS to a mobile by using some site services. Most of the breaks occurs at 3AM for me.

Thx
  • #103
  • Jul 17, 2007 3:19pm Jul 17, 2007 3:19pm
Quoting Skygod
It works well with the small change of time (6 to 9) and it is great for GBP based pairs
Maybe this system can be used for other currencies, but on the market opening of at least one currency of the cross.

I will do some back testing when I have time to check this.
  • #104
  • Edited 3:41pm Jul 17, 2007 3:25pm | Edited 3:41pm
Hi Eagle, I'm italian too and I'd love to speak with italian guy about forex , contact me at glicci at yahoo dot it

Ciao Eagle, pure io sono italiano e mi piace molto parlare di forex con gli italiani, contattami a glicci chiocciola yahoo punto it



ciao ciao
  • #105
  • Jul 17, 2007 4:15pm Jul 17, 2007 4:15pm
FATTO!!
  • #106
  • Jul 17, 2007 4:32pm Jul 17, 2007 4:32pm
Quoting Skygod
First of all, a very big THANK YOU to Eagle!!!! It was very kind of you to share the indicator. It works well with the small change of time (6 to 9) and it is great for GBP based pairs (although the spread for the GBP/JPY can be 9 pips at some brokers, which makes that pair hard).

Secondly, for us poor souls who live in EST (of the USA) and who must trade like vampires in the night.... I use "alertfx.com" to set alerts when price hits the break out points (or near them). The messages go to my phone via SMS and I created a loud noice that wakes me up. And best of all.....it is free!

I hope this helps.

Again....thanks to all who have such great ideas on this thread. It blows me away to see a community of positive people who try to help each other.

Thanks!
YOU TO EXPLAIN ME AS WORKS ALERTFX.COM ?

THANK
  • #107
  • Jul 17, 2007 8:02pm Jul 17, 2007 8:02pm
Nice... i like this. Just want to share, i'm use this "box" with cornflower, so i can see more clear what's the real breakout and can minimize false OP ...
  • #108
  • Jul 17, 2007 11:12pm Jul 17, 2007 11:12pm
hi all grt system....

so we need to change in input when we are running this frmo NYC...

i.e newyork..

Thanks all

V
  • #109
  • Jul 18, 2007 2:15am Jul 18, 2007 2:15am
Quoting Desginer
Nice... i like this. Just want to share, i'm use this "box" with cornflower, so i can see more clear what's the real breakout and can minimize false OP ...
  • #110
  • Jul 18, 2007 2:17am Jul 18, 2007 2:17am
Quoting indianguyinny24
hi all grt system....

so we need to change in input when we are running this frmo NYC...

i.e newyork..

Thanks all

V
many many moneies for all
  • #111
  • Jul 18, 2007 3:46am Jul 18, 2007 3:46am
Worked for me again, +20 pips - entered short at 2.05145 (following the news spike) and exited 2.04945.

  • #112
  • Jul 18, 2007 4:51am Jul 18, 2007 4:51am
Quoting eurovestor
Worked for me again, +20 pips - entered short at 2.05145 (following the news spike) and exited 2.04945.

  • #113
  • Jul 18, 2007 4:55am Jul 18, 2007 4:55am
GBP/USD +13 PIPS
USD/JPY +12 PIPS
IT CONTINUES...
  • #114
  • Edited 6:46am Jul 18, 2007 6:32am | Edited 6:46am
Quoting eagle
GBP/USD +13 PIPS
USD/JPY +12 PIPS
IT CONTINUES...
Hi Eagle do you use a 15 pip stop or not? also my MT4 server is set to central europe time so what time should the breakout box be set to, i have idea but it needs to be confirmed 06:00-09:00 or 7:00-10:00 is that right or not.Somebody please confirm what we should be using.

With Many Thanks

David-T
  • #115
  • Jul 18, 2007 7:08am Jul 18, 2007 7:08am
I read the thread and could never figure out the actual time parameters of the box.

I matched up Eagle's charts with GMT time and this is what I found-

He's running his box from 0400 GMT until 0700 GMT.

As far as what is considered a breakout- I still don't know.

Is it 1 pip above/below the box?

If so, the spread needs to be added to the long entry.
  • #116
  • Jul 18, 2007 7:09am Jul 18, 2007 7:09am
Quoting David-T
Hi Eagle do you use a 15 pip stop or not? also my MT4 server is set to central europe time so what time should the breakout box be set to, i have idea but it needs to be confirmed 06:00-09:00 or 7:00-10:00 is that right or not.Somebody please confirm what we should be using.

With Many Thanks

David-T
I to use minilott and not to use stop loss .
to be able you to use the min or max of the previous candle .
  • #117
  • Jul 18, 2007 8:21am Jul 18, 2007 8:21am
Quoting eagle
GBP/USD +13 PIPS
USD/JPY +12 PIPS
IT CONTINUES...
eur/usd +13 ...
usd/chf +13 ...
aud/usd +12 ...
usd/cad +13 ...

total today = 76 pips
  • #118
  • Jul 18, 2007 8:27am Jul 18, 2007 8:27am
Quoting billbss
I read the thread and could never figure out the actual time parameters of the box.

I matched up Eagle's charts with GMT time and this is what I found-

He's running his box from 0400 GMT until 0700 GMT.

As far as what is considered a breakout- I still don't know.

Is it 1 pip above/below the box?

If so, the spread needs to be added to the long entry.
Yes, 0400 GMT until 0700 GMT. Eagle is from Italy and the time is GMT +1 for the country so 0500 - 0800 GMT+1 or 0400 - 0700 GMT.

As for breakout - enter when price breaks the box, at least in 1 pips.
  • #119
  • Jul 18, 2007 8:29am Jul 18, 2007 8:29am
Quoting eagle
eur/usd +13 ...
usd/chf +13 ...
aud/usd +12 ...
usd/cad +13 ...

total today = 76 pips
Very nice, eagle!
Thanks for sharing..will be watching this technique more closely!

Cheers.
  • #120
  • Jul 18, 2007 10:44am Jul 18, 2007 10:44am
Eagle,

My Italian isn't perfect, but I do speak a little bit of the language. If you need any help with anything feel free to ask.

Mio italiano non è perfetto, ma parlo un po della lingua. Se hai bisogno d'aiuto con qualche cosa, puoi chiedere.
I came, I saw, I conquered [your pips]. -- Julius Caesar
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