40-60 rule, Trader using trendline secret method

Quoting lghr

Disliked

Today, I saw that this method was very novel, so I wrote a small tool to facilitate observation - ZZtrendline v1. {file} {file}

Ignored

Quoting cfudge

Disliked

{quote} Hi Canyoutella little about whatthese doplease

Ignored

Quoting lghr

Disliked

{quote} ok,the two is indicator, copy them to ...\\MQL4\Indicators, refresh, then drag the ZZtrendline v1.ex4 to chart.

Ignored

Quoting Landline

Disliked

If people were capable of reading and comprehending properly, then it would be clear to them that there is no subjectivity to the method whatsoever, other than what you’ve already said in the instructions. You can lead a horse to water, but you can’t make them drink it!

Ignored

Quoting cfudge

Disliked

Here are some results on the Gold 1M chart from end of Friday to Today (the chart shown is the 5M so all trades would fit on the screen). I think this system deserves an EA...if anybody is so inclined, it would be appreciated. Chris {image}

Ignored

Quoting lghr

Disliked

{quote} Yes, at present, I am observing everyone's practical situation. If this system can be profitable and consistent, we can write it as an EA.

Ignored

Quoting cfudge

Disliked

I have outlined instructions for an EA in the following document, is there anyone willing to build it please...would be greatly appreciated. Please scroll down to next post for examples of different trade set ups. Chris {file} .40/60 zigzag trendline break EA. This document will outline my thoughts on how the EA should be set-up. The indicators needed are ZigZag (can use Jamesagnew indi). Step one---Identify a zigzag defined trend of “X” pips (user input). Step two---Draw a horizontal line 10 candles out from either the highest open (if a bearish...

Ignored

Quoting cfudge

Disliked

Another day in profit 28 trades...10 wins 13 loss 5 be...total pips 80 so since the last part of last friday to today we have a running total of 1760 pips. Here is the chart Chris {image}

Ignored

Quoting jaisis21

Disliked

{quote} Is that also M1 timeframe?

Ignored

Quoting cfudge

Disliked

Another day another 100 pips...just about ready for that EA...LOL New running total since last friday is 1860 pips Chris {image}

Ignored

Quoting jamesagnew

Disliked

{quote} fantastic 1000 pips wow share the EA here thanks also was that done manually ?

Ignored

Quoting cliffjaded

Disliked

This is a pretty interesting strategy. I'm pretty big on trendline breaks. So this geometric take is really interesting. In place binary Options (as per the PDF provided - i know it's a different take on the OP strategy), regular Options trades could be possible as well, albeit on a longer scale. I enter a bit differently though in my backtests. I've never been a fan of entering on the break. I was enter on retracement at 61.8% and shoot for -161.8% TP. This gives me rough 1 to 3.5 Risk to Reward. 2 Winning trades in a day would allow you to lose...

Ignored