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Breakout + Spread!! Sure!!!

  • #961
  • May 22, 2008 6:52pm May 22, 2008 6:52pm
Hey eagle thank your for a great indicator...
As most ppl i am confused about the time

I am in Jamaica...What setting should i put the indicator on?
keep it at 5:00 to 8:00 or what?

Thanks again fot the indicator...
  • #962
  • May 25, 2008 9:40pm May 25, 2008 9:40pm
thanks EAGLE for your indi
my GMT is +3.5
can you tell me:
PeriodBegin:?
PeriodEnd:?
BoxEnd:?

Regards
  • #963
  • Jun 8, 2008 9:43pm Jun 8, 2008 9:43pm
Quoting eagle
Here is my friend!
How does one get the info on this system and how it works... like the demark alert and mail item as well..

Thanks for being there for us newbees
  • #964
  • Jun 13, 2008 7:52am Jun 13, 2008 7:52am
Quoting eagle
GBP/USD
hi..... eagle. iam interested with your strategy. could you kindly explained it to me ( breakout + spread !! sure !!!)
my country time is gmt +7
  • #965
  • Jul 10, 2008 7:27am Jul 10, 2008 7:27am
Hi,all

eagle million thanks to you.

can anyone get me EA for this strategy that can open order after a specific offset i think it will be more interesting,please.
more gold have been mine from brain of men than from the ground
  • #966
  • Jul 10, 2008 12:56pm Jul 10, 2008 12:56pm
Quoting psmo
Hi,all

eagle million thanks to you.

can anyone get me EA for this strategy that can open order after a specific offset i think it will be more interesting,please.
So sick of people getting a great thing handed to them on a plate and then STILL not being satisfied,,, They want it automated so they don't even have to lift a finger,

What is the world coming to OMG

Hey check out my new hit song my computer wrote for me - I don't really know know how it goes but I know it's good cause I put the settings on "awesome"... I think I will get someone to write a program to sell it for me

Sweeeeeeet
Time hides Nothing
  • #967
  • Jul 10, 2008 1:40pm Jul 10, 2008 1:40pm
Here is an EA that uses Slope Direction Line along with the breakout box.
I have never been able to get the time set so that it is the same as the time on the charts for some reason. Maybe someone can look at it and make it work better.
Attached File(s)
File Type: ex4 Jack Breakout EA v1.0.ex4   13 KB | 1,040 downloads
File Type: mq4 Jack Breakout EA v1.0.mq4   14 KB | 1,522 downloads
  • #968
  • Jul 11, 2008 2:59am Jul 11, 2008 2:59am
Quoting Abnormalone
Here is an EA that uses Slope Direction Line along with the breakout box.
I have never been able to get the time set so that it is the same as the time on the charts for some reason. Maybe someone can look at it and make it work better.
thanks alot Abnormalone maybe i can do that if i can i will post it back.
more gold have been mine from brain of men than from the ground
  • #969
  • Jul 11, 2008 3:09am Jul 11, 2008 3:09am
Quoting CindyXXXX
So sick of people getting a great thing handed to them on a plate and then STILL not being satisfied,,, They want it automated so they don't even have to lift a finger,

What is the world coming to OMG

Hey check out my new hit song my computer wrote for me - I don't really know know how it goes but I know it's good cause I put the settings on "awesome"... I think I will get someone to write a program to sell it for me

Sweeeeeeet
hello CindyXXXX,
yeah i know this is a great thing infact i,m in love with the system, thanks to Eagle again for this great system.
I have try to authomate this system with the little knowledge i have in mtq4 programming but after for some reasons unknown to me its not opening orders maybe its bug ,and i will have post it for free if it does as my contribution to this great system in this forum.
more gold have been mine from brain of men than from the ground
  • #970
  • Jul 11, 2008 5:10am Jul 11, 2008 5:10am
Quoting Abnormalone
Here is an EA that uses Slope Direction Line along with the breakout box.
I have never been able to get the time set so that it is the same as the time on the charts for some reason. Maybe someone can look at it and make it work better.


Hey Abnormalone, glad to see I'm not the only one that is not normal!

I have created an EA too of sorts for this a while ago. I was messing around with different timeframes (i.e. two charts with different boxes for same currency) In the end I got tired of having to maintain 2 EA's, and so instead modified mine to pick up the times and prices from the breakout indicator. (I know you can declare the start / end times as external variables but each time the EA was recompiled it would default one set of charts and I'd have to change them all)

To get the values, declare these variables:
string monitorbox = "";
string tradingbox = "";
datetime MonitorBegin = 0;
datetime MonitorEnd = 0;
datetime TradingBegin = 0;
datetime TradingEnd = 0;
int boxcolour = 0;
double boxhigh = 0.0;
double boxlow = 0.0;

... and put this near the start of init():

monitorbox = StringConcatenate("BoxPeriod ", TimeToStr(TimeCurrent(), TIME_DATE));
tradingbox = StringConcatenate("BoxHL ", TimeToStr(TimeCurrent(), TIME_DATE));
if(ObjectFind(monitorbox)==-1 || ObjectFind(tradingbox)==-1)
{
Comment("No BreakOutBox Indicator, quiting...");
return(0);
}
boxcolour = ObjectGet(tradingbox, 6); // i used the colour as the magic no
MonitorBegin = ObjectGet(monitorbox, 0);
MonitorEnd = ObjectGet(monitorbox, 2);
TradingBegin = MonitorEnd+60; // only start trading a minute after monitor end
TradingEnd = ObjectGet(tradingbox, 2);
boxhigh = ObjectGet(monitorbox, 1);
boxlow = ObjectGet(monitorbox, 3);



conditions for trading time:
if(TimeCurrent()>=TradingBegin && TimeCurrent()<=TradingEnd)

conditions for long:
Bid>=boxhigh

conditions for short
Ask<=boxlow


The nice thing about this is that if you use the offset in the breakout indicator it also gets added here so the boxhigh and boxlow automatically moves out.

hope that helps

SF412
  • #971
  • Jul 11, 2008 7:49am Jul 11, 2008 7:49am
Thanks Spitfire. I'm not a programmer but I will try and play with it some and maybe I'll get lucky.
  • #972
  • Jul 21, 2008 2:10pm Jul 21, 2008 2:10pm
Quoting Chateauboy
It´s a nice idea, and thamk you for sharing your indicator. Eagle , how would you handle the breakout of GBP USD in the middle ???? ( Look at the arrow )
Do you put a stop loss of 20 or 30 pips, or what are you doing in this case ?

( I´m an italian fan and in holidays in August I´m every year in Italy, since 20 years already. I love italy !!!!! ( Camping near Jesolo)

Chateauboy.. What other indicator do you have there.. is that the Center of Gravity ? Thanks
  • #973
  • Aug 2, 2008 4:08am Aug 2, 2008 4:08am
Quoting psmo
Hi,all

eagle million thanks to you.

can anyone get me EA for this strategy that can open order after a specific offset i think it will be more interesting,please.
  • #974
  • Aug 4, 2008 11:58am Aug 4, 2008 11:58am
I just waded through this entire thread, and now will go back a reread it,

seems like a good system, I too am a little green @ forex, this system seems like a good one to put my efforts to..
  • #975
  • Aug 28, 2008 12:24am Aug 28, 2008 12:24am
Hi,

I am in GMT +8 time zone. I am very new to Forex infact just over 3 months...but haven't been able to get a consistent trading system. can some one pls guide on how to use this system. below is the chart i get when adding the indicator.

thanks,

jas
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1box-eagle.gif Size: 23 KB
  • #976
  • Oct 9, 2008 8:34pm Oct 9, 2008 8:34pm
I wonder if Eagle is still using this breakout strategy, or has he moved on???
  • #977
  • Oct 10, 2008 3:32pm Oct 10, 2008 3:32pm
Hi Jas,

It doesnt matter where you live. Your broker's time is the only thing that matters. I see you are using Interbank FX. IBFX time is same as GMT.

There are several differnt box times that people use. the most recent famous ones are
1) london break out
00:00 to 2:00 AM (CST) , which is 05:00 to 07:00 GMT
2) US breakout
06:00 to 08:00 (CST) , which is 11:00 to 13:00 GMT.

http://www.forexmarkethours.com/

You might be interested in the following threads
http://www.forexfactory.com/showthread.php?t=106489
http://www.forexfactory.com/showthread.php?t=103682



Quoting jasmeetb
Hi,

I am in GMT +8 time zone. I am very new to Forex infact just over 3 months...but haven't been able to get a consistent trading system. can some one pls guide on how to use this system. below is the chart i get when adding the indicator.

thanks,

jas
  • #978
  • Oct 10, 2008 4:10pm Oct 10, 2008 4:10pm
would love if this stratgy was working but no it is to many false signals that dont give 10 pips + spread


best regards
  • #979
  • Oct 10, 2008 4:48pm Oct 10, 2008 4:48pm
You should check out the other threads I mentioned earlier. It uses a break out + pullback setup which produces better results.

Quoting jgadefelth
would love if this stratgy was working but no it is to many false signals that dont give 10 pips + spread


best regards
  • #980
  • Oct 11, 2008 3:38am Oct 11, 2008 3:38am
thanks cheelu ill check it out.


best regards
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