Breakout + Spread!! Sure!!!

using this system with 15 minute or 30 Yes i know breaking the rules, but take a look at momentum indicator. as we enter the session watch it drop below 100 or rise above 100 before the breakout up or down, seems to work well. will post a screenshot if need be peace

using 15 minute candle, how many candle in red box ? how long the redbox last? 1 hour ? or still 3 hour ? I asume you use this for all session & not just london open right

70 pip today ........ GBP/JPY BREAKOUT

Hi everybody,

its very interesting, but i dont have find any pdf or doc that he explain well this strategy.

Anyone can help ?

Thanks a lot
Oxyd

hey Guys How Do I Add This Indicator To My Chart And I Am Supposed To Use Meta Trader Rite? Pls Help I Am A Newbie

Download this
http://www.forexfactory.com/attachme...0&d=1184597335

Save it into C:\Program Files\MetaTrader 4\experts\indicators .......
restart Meta Trader.

check the time in MetaTrader..then go here...
http://www.forexmarkethours.com/
make it show same time as your metatrader..
check what time London open.. (by your metatrader time)

select chart(GBP/USD?)

click Insert ---indicators---- Custom ---Eagle..breakout...
OK.........
adjust period end to be same as london Start & adjust peried begin to be 3 hou before london start
so the redbox end at london start.....

Once price break out from the box, you trade them.. TP10 only dont be greedy like me ... i take 70 ... if you mistake it will kill you, 10 is really safe...

........have more questions ? read back all replies

anybody trade this strategy on live account ?
How is it ? works well ?

You must believe if you want to succeed.......

why ask others when you can try....

I Wanted To Know How Do I Use This Should I Wait For A Candle Do Close Above Or Below The Box To Confirm The Direction?

I just enter at about 3 pips above the box, just to make sure I am outside the box.... i never wait for candleclose.

hey i also wanted to ask if this indicator only works with meta trader? and not any other charting platform? Also we only enter in a position when the candles are above or below the box rite not in the box?

here an example...

Box high = 231.54
Box Low = 230.40

I put pending buy at 231.58 ( sell at 10 pip.. )

what happen today ... is I got greedy, buy again and sell again 10 more pip... i did this 20 time

so you see @ other people get ~300 pip... I only get ~168 ..

but still its allot more then 10pip Eagle says......

Eagle....... Lets.

hey Can Anyone Here Pls Tell Me How Do I Change My Time In Meta Trader To My Local Time What Do I Have To Do??? Pls Pls Pls Help!!!

hey syafi i am gmt +4 so what time's should i set for this box and i still don't get ur trading way???
Also do you wait for the candle to close below or above the box to confirm the trend?

You can't change the Metatrader time.

The chart time is controlled by your broker.

Hey bill whats the importance of the 05:00-08:00 time? does it draw these boxes at these times?

already answered few posts above you... lol
http://forexfactory.com/showpost.php...&postcount=407
good luck

I am assuming by upload you mean to make it work on your chart.

To make this indicator work, because it is a compiled program and not source code.
This is how I do it. This goes for any MT4 indicator, not just this one.

1. down load it from FF to Program Files/ Your Broker name/ experts/ indicators.

for example, my broker name is for charting MT4 is Strategybuilderfx.
So mine would be ProgramFiles/Strategybuildefx/experts/indicators

2 now that the ex4 compiled indicator is in the indicator folder on your computer, go ahead and start your Metatrader. If you already had it running, close it and restart it.

3 Now open the navagator window from the view menu at the top.

4 now select the indicator by it's name from the list of custom indicators that are listed after the experts.

5. Now left click on ithat indicator and keep holding down the click key and drag the indicator onto the chart.

6. now set the inputs the way you want them and click ok.



the proceedure is exactly the same for the source code version, because when you shut of mt4 and restart it it automatically compiles all source code files in all the folders...

If you need more help, just PM me and I will talk to on the phone about it on my 800 number.

Thanks hope that helps

Thanks eagle,

That's a very interesting system, I use a similar system. If you combine it with news trading it gives you high probability trades.

Cheers,
Steve