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Breakout + Spread!! Sure!!!

  • #601
  • Nov 2, 2007 12:24pm Nov 2, 2007 12:24pm
Quoting darko80
YES RIGHT,
it's not so easy, cause this is just forex but 10pips as TP is a safe strategy. It works really nice, but try it on demos first
thanks!
  • #602
  • Nov 2, 2007 12:29pm Nov 2, 2007 12:29pm
Quoting smilee89
Can someone explain here which of the methods has the best results so far?

1. Eagle's (the original)
2. Piper's (200 ema)
3. Spiritbreezer (which I admit I couldn't understand exactly how does it work)

Thanks
My 200 ema's are not a system! I just use them to try to filter out some bad trades!

Cheers,
Stay on the PIPest side of life!
  • #603
  • Nov 2, 2007 1:11pm Nov 2, 2007 1:11pm
Eagles breakout box is a useful tool indeed.
  • #604
  • Nov 2, 2007 9:28pm Nov 2, 2007 9:28pm
Another thing i wanna ask how can i determine the time for the setup im abit confuse i need to base on wat and how to make the setup?
  • #605
  • Nov 3, 2007 6:03am Nov 3, 2007 6:03am
Quoting eagle
Italy Gmt+1
the indicator time is above GMT+1 6:00-9:00

so GMT+0 is 5:00-8:00
  • #606
  • Nov 3, 2007 5:07pm Nov 3, 2007 5:07pm
Quoting smjones
Ok, I will upload it.

You guys can do with it what ever you want..


If AutoMoney Management is true, It will determine the lot size for you based on the Percent To Risk. Formula is
Account Balance * Percent to risk / Stop loss/ 10

If it is false, the Lots determines the lot size. default is .10 lots

the Cancel Hour is the time you want all trades to cancel.

The EndHour is the hour that you want to stop measuring.

LookBack is how many bars to lookback default is three.

That pretty much is it. The source code is well documented so as to see what is going on and where...

Have fun.

Oh yeah, I forgot, Disclaimer... Trade at your own risk. I make no warranties as to fitness for any purpose.

The close all trades portion I got from a script that is circulating and I liked the code, but wanted to state I did not originate that part. Nice coding wish I had LOL

Its EA is working well? it gives error in backtest.
  • #607
  • Nov 4, 2007 4:32pm Nov 4, 2007 4:32pm
Hi, where I can download EA?
  • #608
  • Nov 4, 2007 9:39pm Nov 4, 2007 9:39pm
  •  bonzdoc
  • | Joined Jun 2007 | Status: Mountain Man & Beach Bum All In One | 41 Posts
This seems like an interesting strategy and I look forward to following it more closely.
"If your mind can see it and believe it you can achieve it."
  • #609
  • Nov 6, 2007 3:01am Nov 6, 2007 3:01am
in Nov. Dec. Jan.Feb.Mar. every year, the london open time is one hour later,,so the eagle's indicatior setting is later??right or wrong?? i.e. the setting is 0600-0900(GMT+1) and now , 0700-1000(GMT+1)????
  • #610
  • Nov 6, 2007 4:15am Nov 6, 2007 4:15am
How do I change/modify the indicator so I won't see the line of the details on graph.
I mean the line that shows: "High:..." "Low:..." "Offset:...".
There are too many objects and I wish to remove at least this line from the graph.
  • #611
  • Nov 6, 2007 7:55am Nov 6, 2007 7:55am
Quoting smilee89
How do I change/modify the indicator so I won't see the line of the details on graph.
I mean the line that shows: "High:..." "Low:..." "Offset:...".
There are too many objects and I wish to remove at least this line from the graph.
open up the properties screen and go to common. Then uncheck show object descriptions at the bottom right.

Mister ED
  • #612
  • Nov 6, 2007 8:56am Nov 6, 2007 8:56am
Quoting eagle
SURE FRIEND, I SEND YOU INDICATOR AND TIMETABLES.
GBP/JPY...
hello thanks for the post but i think it will be of more benefit if you can trow more light on the strategy in the sense that you did not talk about hw to identify the breakout. is it three candlestick of thesame colour or hw? pls do give the details so ALL can benefit. thanks
  • #613
  • Nov 6, 2007 10:34am Nov 6, 2007 10:34am
1. Thanks Mr Ed. You are right!

2. One more question about the indicator:
I enclose a picture from the graph. Look at last rectangle, look at the arrow.
The rectangle should cover all the bar at 05:00, but it didnt.
How come?
Attached Image (click to enlarge)
Click to Enlarge Name: eagle breakout error.gif Size: 13 KB
  • #614
  • Edited 11:25am Nov 6, 2007 11:15am | Edited 11:25am
hey smilee,

Actually the indicator does not use that bar in it's calculation.
If you read some of the first 3 or 4 pages you will understand how it is calculated. (I think Bill posted a Clear description of that )
It actually does not use the left most bar but takes the next 3 bars to make up the box.
That is if you use the indicator as presented.
You CAN by changing the times in the inputs menu make the box use as many bars as you like BUT it will never use the Left Most bar in determining the breakout box.
SO if you want the indicator to START with a specific bar you would want to have it draw the left hand line on the bar directly preceding the one you want.
Attached Image (click to enlarge)
Click to Enlarge Name: eagle1.gif Size: 40 KB
  • #615
  • Nov 6, 2007 11:59am Nov 6, 2007 11:59am
Quoting BookerT
hey smilee,

Actually the indicator does not use that bar in it's calculation.
If you read some of the first 3 or 4 pages you will understand how it is calculated. (I think Bill posted a Clear description of that )
It actually does not use the left most bar but takes the next 3 bars to make up the box.
That is if you use the indicator as presented.
You CAN by changing the times in the inputs menu make the box use as many bars as you like BUT it will never use the Left Most bar in determining the breakout box.

I didn't understand this line:
SO if you want the indicator to START with a specific bar you would want to have it draw the left hand line on the bar directly preceding the one you want.
How do i make the change in the indicator exactly? the indicator should not compute the whole bar from 04:00. I want it from 05:00.
  • #616
  • Nov 6, 2007 5:36pm Nov 6, 2007 5:36pm
Quoting smilee89
How do i make the change in the indicator exactly? the indicator should not compute the whole bar from 04:00. I want it from 05:00.
O.K.

I have looked at the indicator & here is what I found.
The chart below I have set the times in the input section to
periodBegin: 07:00
periodEnd : 10:00

Now the Box begins at the Left edge aligned with the center line of the 07:00 candle and ends on the right edge passing through the center line of the 10:00 candle.
If you look at the box however it's parameters are drawn using only the last 3 candles, the 08:00 , 09:00, and the 10:00 candles. The 07:00 candle is clearly NOT within the box.

SO if you want the box to reflect from and INCLUDING 05:00 to 07:00 you should enter 04:00 to 07:00 in the input boxes.
The 04:00 bar WOULD NOT be used in drawing the box in this example.
Attached Image (click to enlarge)
Click to Enlarge Name: eagle1.gif Size: 9 KB
  • #617
  • Nov 7, 2007 2:59am Nov 7, 2007 2:59am
Quoting BookerT
SO if you want the box to reflect from and INCLUDING 05:00 to 07:00 you should enter 04:00 to 07:00 in the input boxes.
The 04:00 bar WOULD NOT be used in drawing the box in this example.
You are right!
Thanks alot.
  • #618
  • Nov 7, 2007 2:59pm Nov 7, 2007 2:59pm
Can anyone pls tell me how can i setup for the time?im using interbankfx and now im in aus.
  • #619
  • Nov 7, 2007 4:04pm Nov 7, 2007 4:04pm
If I am not mistaken your broker IBFX is on GMT+0 time.
London open is 08:00 gmt + 0
The fact that you live elsewhere makes no difference (other than to your sleep)
Your chart should say 08:00 when it is 08:00 in London.
( I could be wrong please verify)

Determine when you want the breakout box to be & set accordingly. Remember that you set it one hour BEFORE you want the box to begin. (ie a 4 hour spread will give you a 3 hour box, so a setting of 05:00 to 08:00 would give you a box beginning at 6 a.m. ending at 07:59:59 am. (i think

http://www.2007.worldmarkethours.com.../Defaulta.htm?
  • #620
  • Nov 8, 2007 1:59am Nov 8, 2007 1:59am
May i know when should i set the time to in the indicator if im using interbankfx thanks for helping me to solve the problem..
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