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Breakout + Spread!! Sure!!!

  • #901
  • Feb 24, 2008 12:05pm Feb 24, 2008 12:05pm
Quoting BeachBum
tresorfx..........you might want to consider using ATR on a Daily chart as a starting point for your research. The current ATR (20) for GBP/JPY is 250. If you use 90 pips as a benchmark for the size of your breakout box on that pair, that amount is approximately 40% of the ATR (which incidentally equals the ATR on a four hour chart). A similar .4 x ATR (20) on other pairs (or ATR on the 4 hour chart) would probably be useful for initially deciding the size of your B/O box. I have been doing something similar to this when using this strategy because I am of the opinion that a smaller B/O box lends greater weight to a successful B/O trade. HTH!
to be sincere i dont know how to use ATR this indicator.... i dont know how it works? could you send me something about that indicator?
As for the height of the box, i dont choose 90pips only by the histirical data, i practiced it and since, i didnot make any losses trade.
certainly,i'm sure ATR will be be some thing very interresting. so i expect you for that

good trade to all.
  • #902
  • Feb 26, 2008 7:02am Feb 26, 2008 7:02am
I must want to say one of the best system on forex factory. Unfortunately no so much discussion about this system is on going.

i have consistent profit with this system. i do not feel need for any thing else. What i need just keep researching different methods to improve this system. Well it never let me down anyway. its very easy to follow.

there are so many systems and very experience traders in this forum. I personally always got confused which one to follow which one to experiment.
At last i decided three best systems for my self and this is one of them. Bullet point trade when market volatile. and almost every system work.

Great place forex factory. Great people at forex factory.

i will say Eagle is one of them.
regards
member
  • #903
  • Edited 10:49pm Feb 26, 2008 10:34pm | Edited 10:49pm
Quoting tresorfx
to be sincere i dont know how to use ATR this indicator.... i dont know how it works? could you send me something about that indicator?
As for the height of the box, i dont choose 90pips only by the histirical data, i practiced it and since, i didnot make any losses trade.
certainly,i'm sure ATR will be be some thing very interresting. so i expect you for that

good trade to all.

Average True Range

Average True Range Technical Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book "New concepts in technical trading systems". This indicator has been used as a component of numerous other indicators and trading systems ever since.
Average True Range can often reach a high value at the bottom of the market after a sheer fall in prices occasioned by panic selling. Low values of the indicator are typical for the periods of sideways movement of long duration which happen at the top of the market and during consolidation. Average True Range can be interpreted according to the same principles as other volatility indicators. The principle of forecasting based on this indicator can be worded the following way: the higher the value of the indicator, the higher the probability of a trend change; the lower the indicator’s value, the weaker the trend’s movement is.
Calculation

True Range is the greatest of the following three values:

  1. difference between the current maximum and minimum (high and low);
  2. difference between the previous closing price and the current maximum;
  3. difference between the previous closing price and the current minimum.

The indicator of Average True Range is a moving average of values of the true range.

Attached Image (click to enlarge)
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  • #904
  • Mar 1, 2008 1:54am Mar 1, 2008 1:54am
PIPer, did you have a chance to do further analysis on the style of entry, TP and SL. The backtest result posted on #543 was very informative.

A simple Excel Program can be developed to calculate the box size, ATR and the possible PIPs to make [based on size of the box (as per tresorfx)]. I have noticed that if we add a 13 EMA on the chart. It can provide a good place to put initial SL. I feel if the box size is already 50%-60% of ATR, it is risky to enter trades.

Any suggestion on such situations, where one should not trade at all, say before major news or conflicting 4H/Day/weekly signals, quite period etc. Specially for those who are on the Pacific Coast, it is not possible to monitor beyond London open. Thanks
  • #905
  • Mar 13, 2008 12:01pm Mar 13, 2008 12:01pm
Quoting tresorfx
i use 5-8GMT. I noticed that 4-7GMT was also interresting but i didnot do any reseach for that!
thx bye
Hi Tresor,

REally interesting with your research.
But.. until now I don;t know how to use the indicator.
and also don;t know which indicator that you are using.
Please do advise me for the detail.. can you?

Really appreciate adn thank you Be4.

REgards.
  • #906
  • Mar 21, 2008 10:44am Mar 21, 2008 10:44am
Could someone convert this system into an EA??
  • #907
  • Mar 21, 2008 11:46am Mar 21, 2008 11:46am
Is this the panca breakout eagle indicator thread? I remember downloading it but it didn't look right on some time frames especially the longer time frames. Anyway of fixing that?
  • #908
  • Mar 21, 2008 1:39pm Mar 21, 2008 1:39pm
I Use Mt4 Only For Chartist And Can Someone Set My Breakout Box (set It Base On What,my Country Gmt Or My Broker Gmt-im Using Fxsolution)
  • #909
  • Mar 31, 2008 9:31am Mar 31, 2008 9:31am
Attached Image
  • #910
  • Mar 31, 2008 9:34am Mar 31, 2008 9:34am
hi eagle

i am using using your system and its perfect. Its excellent and i am always in profit.

Great thanks to you and looking forward your new system.


regards
member
  • #911
  • Mar 31, 2008 9:38am Mar 31, 2008 9:38am
Attached Image (click to enlarge)
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  • #912
  • Mar 31, 2008 9:39am Mar 31, 2008 9:39am
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 94 KB
  • #913
  • Mar 31, 2008 9:41am Mar 31, 2008 9:41am
Quoting bigmanin
hi eagle

i am using using your system and its perfect. Its excellent and i am always in profit.

Great thanks to you and looking forward your new system.


regards
Thanks brother.
Be working for all of us ...
  • #914
  • Mar 31, 2008 9:57am Mar 31, 2008 9:57am
Hey Eagle,
Where have you found is the best spot to place your stop loss? I've been using this type of trading for over a year, and I can never figure out a good stop. It's the middle of the night for me, so I usually place the trade, then wake up every hour on the hour until I've taken profit, or I decide to manually close. I'd love to make it a set and forget strategy, but I want to give myself enough room to let the trade breathe. Thanks.
Bob
  • #915
  • Mar 31, 2008 10:34am Mar 31, 2008 10:34am
Attached File(s)
File Type: doc BREAKOUT.doc   22 KB | 2,102 downloads
  • #916
  • Mar 31, 2008 10:57am Mar 31, 2008 10:57am
Thanks Eagle... That's Italian, I'm assuming?
  • #917
  • Mar 31, 2008 11:32am Mar 31, 2008 11:32am
can anyone translate that...lol
  • #918
  • Apr 1, 2008 4:20am Apr 1, 2008 4:20am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hi, there

there must be a good reason this thread is still alive, given that some nice man developed the EA according to this strategy, and according to the strategy test, it seems this EA doesn't show good potential, and doing forward testing, the result is negative. no idea how to bridge the two scenario, anyone could please explain? thank you
  • #919
  • Apr 1, 2008 5:21am Apr 1, 2008 5:21am
Do you know any thread with back/forward testing with positive results???
  • #920
  • Apr 1, 2008 6:09am Apr 1, 2008 6:09am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I have dozens of eas with positive back testing result, but, surely after the optimization; occassionaly, there could be a couple of EA still keep positive in a forward testing, but, definitely hardly on a second forward

Quoting deforexit
Do you know any thread with back/forward testing with positive results???
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