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Another great Breakout GBP/JPY System (Dachel's Simple system)

  • #41
  • Dec 8, 2008 5:56pm Dec 8, 2008 5:56pm
Ok, but I see that you've uploaded the indicator to the first post. Thank you very much


Quoting dachelm
I don't have a EA for this. Just the indicator. Sorry
  • #42
  • Dec 9, 2008 2:42am Dec 9, 2008 2:42am
hi Dachelm, please could u kindly explain in a step by step manner how a total novice like me could start implementing a simple system like yours. i would really be glad if u can help me get started....thanks
  • #43
  • Dec 9, 2008 3:56am Dec 9, 2008 3:56am
Quoting tonix2
hi Dachelm, please could u kindly explain in a step by step manner how a total novice like me could start implementing a simple system like yours. i would really be glad if u can help me get started....thanks

Hi there my friend, what do you mean with implementing? Developing a simple system or start using one simple system?
  • #44
  • Jan 19, 2009 3:06pm Jan 19, 2009 3:06pm
Im posting my new strategy here, this is my first post in this site and I wish you happy pips with it.

I used (IBFX) to perform the back test.

Here's the deal.

1. Open the 4 hour chart
2. Take the Hi and Lo of the second candle of the day (GMT)
3. Place an Buy order 10 pips above the Hi and 10 pips below the Lo
(you can use the Eagle Breakout Indicator for easy visualization)
4. When the price hit an order cancel the other.

GOOD DAY MR DACHELM....

WHAT TIME SHUD I USE IF WE REFER TO NEW YORK TIME.

REGARDS.
  • #45
  • Jan 26, 2009 5:26am Jan 26, 2009 5:26am
One Good Turn deserves another
What goes up comes down, so always make Forex better than u met it.
  • #46
  • Jan 28, 2009 2:08pm Jan 28, 2009 2:08pm
I'm starting to enjoy 4HR Systems anyways, being that simple, an EA would be perfect to backtest, it would be perfect because there is no room for interpretation, either the fact is right or it isn't...
  • #47
  • Jan 29, 2009 10:16pm Jan 29, 2009 10:16pm
http://i359.photobucket.com/albums/o...chelsystem.gif

I found out this system become more powerful when combine with MA5
fishing for pips
  • #48
  • Jul 14, 2009 8:43am Jul 14, 2009 8:43am
any further updates on the breakout i.e on performance


Quoting Abisha

I found out this system become more powerful when combine with MA5
"The person who knows that enough is enough, will always have enough". .
  • #49
  • Aug 26, 2009 9:58pm Aug 26, 2009 9:58pm
this is in fact a flip-coin system.

in my personal opinion, i won't trade a flip-coin system.
  • #50
  • Sep 21, 2009 7:32am Sep 21, 2009 7:32am
You Mean to say we buy 10 pips above hi and sell 10 pips below low???on the 4 hr 2nd candle?
Please clarify, Im interested.
Thanks.
Quoting dachelm
Hello everybody.

Im posting my new strategy here, this is my first post in this site and I wish you happy pips with it.

I used (IBFX) to perform the back test.

Here's the deal.

1. Open the 4 hour chart
2. Take the Hi and Lo of the second candle of the day (GMT)
3. Place an Buy order 10 pips above the Hi and 10 pips below the Lo
(you can use the Eagle Breakout Indicator for easy visualization)
4. When the price hit an order cancel the other.
5. You should place your SL at the other side of the channel.
(don't enter the trade if the channel...
  • #51
  • Oct 1, 2009 3:55am Oct 1, 2009 3:55am
Hey gentlemen where can i get this system indicator???
  • #52
  • Oct 1, 2009 4:06am Oct 1, 2009 4:06am
Quoting dachelm
Hello everybody.

Im posting my new strategy here, this is my first post in this site and I wish you happy pips with it.

I used (IBFX) to perform the back test.

Here's the deal.

1. Open the 4 hour chart
2. Take the Hi and Lo of the second candle of the day (GMT)
3. Place an Buy order 10 pips above the Hi and 10 pips below the Lo
(you can use the Eagle Breakout Indicator for easy visualization)
4. When the price hit an order cancel the other.
5. You should place your SL at the other side of the channel.
(don't enter the trade...
Dachlem i dont understan u ve said this H4 breakout strategy but i cant modify indicator placed up for H4 period.Please explane it how to use it for H4
  • #53
  • Oct 1, 2009 4:09am Oct 1, 2009 4:09am
Quoting Abisha
http://i359.photobucket.com/albums/o...chelsystem.gif

I found out this system become more powerful when combine with MA5
Abisha this H4 system but u ve pasted H1 image .is this work correctly on H1 period???
  • #54
  • Oct 8, 2009 12:24pm Oct 8, 2009 12:24pm
Quoting MR.Yooo
Abisha this H4 system but u ve pasted H1 image .is this work correctly on H1 period???

Its the same as the 4hour system, you can see that he is using the first 4 hours..... same as 4H..
  • #55
  • Feb 27, 2010 4:00am Feb 27, 2010 4:00am
Quoting Abisha
http://i359.photobucket.com/albums/o...chelsystem.gif

I found out this system become more powerful when combine with MA5
Very smart idea! Filters out many false breakouts effectively.

Here is an indicator to give alerts when "price" crosses pre-set price line.

Can anyone modify it to work with "EMA" giving alerts when EMA touches/crosses the breakout price line?

Q3
Attached File(s)
File Type: mq4 JC - Line Break Alert.mq4   6 KB | 1,458 downloads
  • #56
  • Jun 23, 2010 6:22pm Jun 23, 2010 6:22pm
annotation:

i would use an 10 SMA (instead of an 5 "whatever"MA)

having better results with it...
Per aspera ad astra!
  • #57
  • Jun 24, 2010 10:39pm Jun 24, 2010 10:39pm
Quoting laphoenix
annotation:

i would use an 10 SMA (instead of an 5 "whatever"MA)

having better results with it...
Hi laphoenix,

This thread appeared to be dead...what "better results" are you experiencing? My own GJ breakout system has failed quite miserably over the past two weeks.

Thanks,
BC
  • #58
  • Sep 18, 2010 6:04am Sep 18, 2010 6:04am
Quoting Bobcat2
Hi laphoenix,

This thread appeared to be dead...what "better results" are you experiencing? My own GJ breakout system has failed quite miserably over the past two weeks.

Thanks,
BC

hi guys

whats happening with this method ? is it still working for everybody ?? or is there a problem ?
  • #59
  • Nov 3, 2010 7:42pm Nov 3, 2010 7:42pm
is this still working for you guys ?
  • #60
  • Jan 13, 2011 6:58am Jan 13, 2011 6:58am
Any breakout system with no plan to counter cable days and false breakouts have very little chance to succeed.

Why?

Because forex system is mostly dominated by cable/range days and false breakouts.

ya welcome
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