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Logic Made Simple(r)

  • #1
  • First Post: Edited May 24, 2026 5:28am May 23, 2026 10:52pm | Edited May 24, 2026 5:28am
Keep logic simple in simple word:

Follow the trend do Buy/Sell at breakout(e.g. outside of Bollinger)

1. if true breakout, then next trade without lot multiplier at the next breakout outside of Bollinger(the same direction).
2. if false breakout, then next trade with lot multiplier at the reverse breakout outside of Bollinger(the opposite direction)

TP always triggered whenever price touch back on MA.

Draft EA is done with backtest results looks good for me.

Welcome comments and ideas to improve this simple logic.
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  • #2
  • May 23, 2026 10:54pm May 23, 2026 10:54pm
My concept is simple, no indicator, no guess. Just trade on the verified breakout, yet not to figure out if it's real or fake breakout.
  • #3
  • May 24, 2026 3:31am May 24, 2026 3:31am
Provide some chart examples.
Some are good in text explanation other people prefer charts.
Blindly following others will make you blind!
  • #4
  • May 24, 2026 4:15am May 24, 2026 4:15am
Congrats on the new Thread.

You make it sound simple but many things are left unclear.

"Follow the Trend", how do you define a trend? The first "true breakout"?

And... when is a breakout a true breakout? of course the following question is.. when is it exactly considered as a "failed breakout"?
You talked about TP, but where is the SL?


Edit

Also does the Candle need to close above the BB bands or just break it?

And so many more things
  • #5
  • Edited 5:33am May 24, 2026 4:58am | Edited 5:33am
Quoting CogAlpha
Congrats on the new Thread. You make it sound simple but many things are left unclear. "Follow the Trend", how do you define a trend? The first "true breakout"? And... when is a breakout a true breakout? of course the following question is.. when is it exactly considered as a "failed breakout"? You talked about TP, but where is the SL? Edit Also does the Candle need to close above the BB bands or just break it? And so many more things
FYR. Just an example, some old small threads more than ten years old still sound today, and also code resourceful without time-wasting screenshots & bullshits
https://www.forexfactory.com/thread/...koutpyramid-ea

SL also will be triggered while price touch back on MA. Conceptually it would be loss small, win big.

I never could predict if breakout is successful or failed, either by indicators or charts. If someone can, kindly provide the verified myfxbook results
  • #6
  • May 25, 2026 8:49am May 25, 2026 8:49am
Quoting Georgebaker
Provide some chart examples. Some are good in text explanation other people prefer charts.
Search BBMA trading, most threads will provide extensive screenshots for your reference
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  • #7
  • Last Post: Jun 3, 2026 8:03am Jun 3, 2026 8:03am
Quoting CogAlpha
Congrats on the new Thread. You make it sound simple but many things are left unclear. "Follow the Trend", how do you define a trend? The first "true breakout"? And... when is a breakout a true breakout? of course the following question is.. when is it exactly considered as a "failed breakout"? You talked about TP, but where is the SL? Edit Also does the Candle need to close above the BB bands or just break it? And so many more things
study the attached paper for false breakout trading
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File Type: pdf chesler0404.pdf   167 KB | 24 downloads
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