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Breakout + Spread!! Sure!!!

  • #821
  • Jan 15, 2008 2:22am Jan 15, 2008 2:22am
Quoting WHTenn
I have just finished talking on the phone with my friend Lisa to compare notes. We noticed that the Chin Breakout Alerts actually go off at times other than breakout times. This indicator alert is not working well with this system. We removed the indicator from our charts.

Does anyone know of a reliable alert that can be attached to the break out box that will give an audible and possibly email/phone alert when the box is broken?

Also, we are mainly discussing London times to trade this system. Does anyone have any settings for the USD market? And if so, what pairs can work with the USD Market?
Have you tried the MetaTrader Alert function in 'Terminal'? There is a post buried here somewhere but it's fairly self-explanitory.
  • #822
  • Jan 15, 2008 2:58am Jan 15, 2008 2:58am
Quoting pipstalker
Seeing Madscalp's BB Squeeze made me think of another BB Squeeze that I looked at to use on another system, don't know why I stopped using it, but it looks good with this system. Looks like both BB Squeeze's could help to prevent false breakouts, thought I would attach the other one here and a picture of my EurUsd chart today. Let anyone who wants to play with this one also.

Todays Chart - Using the BB Squeeze, the first three lines would indicate a false breakout, (Could have picked up your 10 pips on #3 if that is all you are going for with this system) however the fourth line the BB Squeeze says "Go For It" and proved to be quite profitable. I have looked back on using this on my charts for the last several days and it looks really nice.

Anyone looked at Murray Math as a means of screening out possible weak moves? Using WHTenn's basic template (in this thread recently) and adding MM to this on the 5 minute chart seems to improve things.
  • #823
  • Jan 15, 2008 3:40am Jan 15, 2008 3:40am
Quoting lavenham
Have you tried the MetaTrader Alert function in 'Terminal'? There is a post buried here somewhere but it's fairly self-explanitory.
I keep forgetting it exists... me...lol. Scott told me about the alert previously.
  • #824
  • Jan 15, 2008 3:41am Jan 15, 2008 3:41am
Quoting lavenham
Anyone looked at Murray Math as a means of screening out possible weak moves? Using WHTenn's basic template (in this thread recently) and adding MM to this on the 5 minute chart seems to improve things.
Can you get the indicator and I will be glad to add and test it my friend.
  • #825
  • Jan 15, 2008 3:56am Jan 15, 2008 3:56am
I added this Parabolic SAR Color-Alert to my chart. I found these here http://www.forexfactory.com/showthread.php?t=65055 thanks to MagnumFreak. This guy is amazing! A real asset to this forum.

I easily picked up my 25 pips on each of my three currency pairs early this morning.

Attached are the Parabolic SAR Color-Alert indicators and my trades and most recent template that you see in the pics.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY 1H.png Size: 44 KB
Click to Enlarge Name: EURUSD 1H.png Size: 37 KB
Click to Enlarge Name: GBPUSD 1H.png Size: 44 KB
Attached File(s)
File Type: ex4 Parabolic SAR Color - Alert.ex4   3 KB | 1,418 downloads
File Type: mq4 Parabolic SAR Color - Alert.mq4   3 KB | 1,425 downloads
File Type: tpl george2.tpl   81 KB | 1,450 downloads
  • #826
  • Jan 15, 2008 3:58am Jan 15, 2008 3:58am
This is the one I use - there are countless versions and opinions (just like the Eagle times!) but the all give the same levels. I just use this one "neat" - no changes to setup. It recalculates around 12:00 (not the time discussion again!) so have a look.
Attached File(s)
File Type: mq4 # Murrey Math Black.mq4   11 KB | 802 downloads
  • #827
  • Jan 15, 2008 4:02am Jan 15, 2008 4:02am
Quoting lavenham
This is the one I use - there are countless versions and opinions (just like the Eagle times!) but the all give the same levels. I just use this one "neat" - no changes to setup. It recalculates around 12:00 (not the time discussion again!) so have a look.
Added and testing now my friend...Thanks a bunch

I am also testing one from my friend cheelu too!
  • #828
  • Jan 15, 2008 7:01am Jan 15, 2008 7:01am
Hi WHTeen,

Thanks for indicator and template.
Btw do you enter on the first bar breakout the box (which is still moving) or you enter the trade in 2nd bar ?

Or just use buy stop or sell stop outside the box ?

Thanks,
MS

Quoting WHTenn
I added this Parabolic SAR Color-Alert to my chart. I found these here http://www.forexfactory.com/showthread.php?t=65055 thanks to MagnumFreak. This guy is amazing! A real asset to this forum.

I easily picked up my 25 pips on each of my three currency pairs early this morning.

Attached are the Parabolic SAR Color-Alert indicators and my trades and most recent template that you see in the pics.
  • #829
  • Edited 8:33am Jan 15, 2008 7:28am | Edited 8:33am
Quoting pipfirst
Hi WHTeen,

Thanks for indicator and template.
Btw do you enter on the first bar breakout the box (which is still moving) or you enter the trade in 2nd bar ?

Or just use buy stop or sell stop outside the box ?

Thanks,
MS
Very first bar as soon as it moves beyond 1-2 pips outside the box.

Good Luck
  • #830
  • Jan 15, 2008 7:45am Jan 15, 2008 7:45am
Quoting WHTenn
Very first bar as soon as it moves beyond 1-2 pips outside the box.

Good Luch
Can you tell me how much slippage you have been getting on average on your trades?
Thats the one thing I can't figure in on back test.
  • #831
  • Jan 15, 2008 8:23am Jan 15, 2008 8:23am
Quoting Abnormalone
Can you tell me how much slippage you have been getting on average on your trades?
Thats the one thing I can't figure in on back test.
Sent PM
  • #832
  • Jan 15, 2008 2:27pm Jan 15, 2008 2:27pm
I have a general observation, and was wondering if anybody else noticed this. I had my breakout setting period end at 6:00 gmt, and at 6:10 gmt monday, I was waiting for the breakout to the upside of my gbp box after 6:00, and it wouldn't, box just kept enlarging. I was under the impression that the box stopped drawing at the period end time, but it ends at the end of the candle of the time specified, 30 minutes, on my chart, to the best I can figure. I moved my period end to 5:30, and it completed the box, showing me what I had missed. I hadn't noticed it until then because normally there is not much movement during this time, but Monday there was.
  • #833
  • Jan 15, 2008 2:49pm Jan 15, 2008 2:49pm
Quoting bwk9087
I have a general observation, and was wondering if anybody else noticed this. I had my breakout setting period end at 6:00 gmt, and at 6:10 gmt monday, I was waiting for the breakout to the upside of my gbp box after 6:00, and it wouldn't, box just kept enlarging. I was under the impression that the box stopped drawing at the period end time, but it ends at the end of the candle of the time specified, 30 minutes, on my chart, to the best I can figure. I moved my period end to 5:30, and it completed the box, showing me what I had missed. I hadn't noticed it until then because normally there is not much movement during this time, but Monday there was.
If you are using one of the Custom Indicators from this thread, you should be aware that the Period End Time refers to the candle corresponding to that time. In the example you give, the last candle in the box will be the one that opens at 6:00 GMT. If looking at the 1 hour chart, the box closes at 7:00 GMT. If looking at the 5 minute chart, the box closes at 6:05 GMT.
  • #834
  • Jan 15, 2008 3:34pm Jan 15, 2008 3:34pm
that is what I noticed exactly.
  • #835
  • Jan 16, 2008 9:38am Jan 16, 2008 9:38am
Question for the thread/Eagle.....

Has anyone traded the breakout close to a news release?????

Just wanted to get others thoughts......

System has worked great for me....

Just wondering what others do around news releases when the breakout has not occured????

HOLLA
  • #836
  • Jan 18, 2008 1:50am Jan 18, 2008 1:50am
forex is stealin joy out of people.
can u please explain in details hw ur breakout sys works and give me the pair it does work with. and the indicator.
thanks for saving us
  • #837
  • Jan 18, 2008 2:07am Jan 18, 2008 2:07am
Quoting Enakirerhi T
forex is stealin joy out of people.
can u please explain in details hw ur breakout sys works and give me the pair it does work with. and the indicator.
thanks for saving us
mmm....have you read the entire thread?
TRADE FOR SWAP
  • #838
  • Edited 3:32am Jan 18, 2008 3:12am | Edited 3:32am
Quoting Enakirerhi T
forex is stealin joy out of people.
can u please explain in details hw ur breakout sys works and give me the pair it does work with. and the indicator.
thanks for saving us
Wow, your bright and cheerful here. Instead of saying that the "forex is stealin joy out of people", why not say this instead, the forex does not agree with you. You should not assume incorrectly.

You want the instructions, etc... GO TO POST#1 and READ FROM THERE... as everyone else has done here.
  • #839
  • Jan 18, 2008 3:36am Jan 18, 2008 3:36am
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
Quoting WHTenn
Wow, your bright and cheerful here. Instead of saying that the "forex is stealin joy out of people", why not say this instead, the forex does not agree with you. You should not assume incorrectly.

You want the instructions, etc... GO TO POST#1 and READ FROM THERE... as everyone else has done here.
hehehe....newbs....

i'd give people a break if there are like 100000 posts....but 800 is do-able...i guess
  • #840
  • Jan 18, 2008 3:53am Jan 18, 2008 3:53am
Quoting w_z
hehehe....newbs....

i'd give people a break if there are like 100000 posts....but 800 is do-able...i guess
This is true...
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