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4H Box Breakout

  • #2,261
  • Aug 23, 2009 11:15pm Aug 23, 2009 11:15pm
Quoting time1300
Set it and forget it guys............

My Variations..........
2 entries only per week
Move Stop loss to BE+20 after TP 1

cheers
Thats exactly how i am trading this system too Back-testing showed great results on just going to +20ish instead of BE because more times then not the pair will go to BE if its only 20pip away So i rather take those 20 pips.


Also on a side note...

FXDD and FXPRO share the same start candle so that is also another option for people
  • #2,262
  • Aug 23, 2009 11:17pm Aug 23, 2009 11:17pm
Hello Everyone,

I just wanted to add a few notes to my last post..................I definetely appreciate everyone who has worked hard and spend time creating an EA and by no means did I direct any of my comments to them............I wanted to talk to those who have not read through the posts and they are asking the same questions over and over again and to expect others to not only create an EA for them but also answer all of their questions when they have been answered during the entire thread..............

KISS is great in all aspects of life which can be included in trading as well. For all the newcomers, there have been many individuals here that have helped us create EA's and back tested the data for us but please read through the posts and you will see how simple this method can be without much variations and then back test any new variations and share those with us as we are all here to learn from each other so we can all reach that happy place of being a successful consistent trader.

cheers
Keeping Life Simple
  • #2,263
  • Aug 23, 2009 11:25pm Aug 23, 2009 11:25pm
Hi Folks:
In long GBP/JPY at 156.81. let's hope for a rocket ship this week, good luck everyone.

Jim
  • #2,264
  • Aug 24, 2009 12:11am Aug 24, 2009 12:11am
Hi Ace
is now the buffer for both pairs 20 ?
I have seen in the past
GY 30
EY 15
Tks
David
Quoting Ace284
Candle has just finished forming. If this is your first time on the thread, note the time down where ever you live. Thanks to the newcomers who waited. You haven't missed any trades so everything is fine.

The chart below has the two indicators on post attached. Moving stop to BE after TP 1 as always, until then we wait.
  • #2,265
  • Aug 24, 2009 12:38am Aug 24, 2009 12:38am
Quoting Ace284
Candle has just finished forming. If this is your first time on the thread, note the time down where ever you live. Thanks to the newcomers who waited. You haven't missed any trades so everything is fine.

The chart below has the two indicators on post attached. Moving stop to BE after TP 1 as always, until then we wait.
ace,i see that ur high n low of g/j,issit ur entry cos it seem that of 20pips in between of the candle high n ur level high.. so u actually use the diff of ur long entry n short entry to get ur target level? correct me if im wrong..
  • #2,266
  • Aug 24, 2009 12:47am Aug 24, 2009 12:47am
Quoting david4u
Hi Ace
is now the buffer for both pairs 20 ?
I have seen in the past
GY 30
EY 15
Tks
David
I've never used a 30 pip buffer for G/Y. Its been 20 for a long time now. For EY, I did use 15 but noticed a drop in false breakouts using a 20 pip buffer.
So yes, both are 20 pips now.
  • #2,267
  • Aug 24, 2009 12:57am Aug 24, 2009 12:57am
Quoting Freako
ace,i see that ur high n low of g/j,issit ur entry cos it seem that of 20pips in between of the candle high n ur level high.. so u actually use the diff of ur long entry n short entry to get ur target level? correct me if im wrong..
I use the difference of my box HIGH and box LOW to get my target levels. So TP 4 = (Box High - Box Low)*4

I think it'd be best to state this again, the indicators on post 1 state that the higher boundary is the Long Entry and the lower boundary is the Short Entry. They are actually the Box HIGH and box LOW.

You're actual long entry would be that number + spread. Short entry would not require the spread. This is due to the bid/ask difference.
  • #2,268
  • Aug 24, 2009 1:37am Aug 24, 2009 1:37am
Quoting Ace284
I use the difference of my box HIGH and box LOW to get my target levels. So TP 4 = (Box High - Box Low)*4

I think it'd be best to state this again, the indicators on post 1 state that the higher boundary is the Long Entry and the lower boundary is the Short Entry. They are actually the Box HIGH and box LOW.

You're actual long entry would be that number + spread. Short entry would not require the spread. This is due to the bid/ask difference.
roger that..thanx.. so means ur g/j almost triggered rite? but becos u add the spread,it didnt triggered rite? my spread is wild.. now can be diff.. about to triggered,spread will be diff..
  • #2,269
  • Aug 24, 2009 1:47am Aug 24, 2009 1:47am
Quoting Freako
ace,i see that ur high n low of g/j,issit ur entry cos it seem that of 20pips in between of the candle high n ur level high.. so u actually use the diff of ur long entry n short entry to get ur target level? correct me if im wrong..
dude lay off the sauce.
  • #2,270
  • Aug 24, 2009 1:59am Aug 24, 2009 1:59am
wow GY trade triggered to the pip then just plummeted hah ah well win some lose some...(maybe )
  • #2,271
  • Aug 24, 2009 1:59am Aug 24, 2009 1:59am
Quoting 11andy11
dude lay off the sauce.
???
  • #2,272
  • Aug 24, 2009 2:00am Aug 24, 2009 2:00am
Quoting Weasy2k
wow GY trade triggered to the pip then just plummeted hah ah well win some lose some...(maybe )
if you used the fxdd candle the trade did not trigger long by one pip.
  • #2,273
  • Aug 24, 2009 2:02am Aug 24, 2009 2:02am
Quoting 11andy11
if you used the fxdd candle the trade did not trigger long by one pip.
This is true, no trades have been triggered yet.
  • #2,274
  • Aug 24, 2009 2:02am Aug 24, 2009 2:02am
Quoting Freako
???
read your post
  • #2,275
  • Aug 24, 2009 2:02am Aug 24, 2009 2:02am
OMG I'm 100 pips down
Failure is the mother of success: learn from 'her'
  • #2,276
  • Aug 24, 2009 2:07am Aug 24, 2009 2:07am
this 1 pip game is really unfair to me, lol.
Failure is the mother of success: learn from 'her'
  • #2,277
  • Aug 24, 2009 2:11am Aug 24, 2009 2:11am
Quoting K7420
this 1 pip game is really unfair to me, lol.
what was your entry long?
  • #2,278
  • Aug 24, 2009 2:14am Aug 24, 2009 2:14am
156.86, where 6 pips is the spread, I entered as soon as price touched 80 area.
Failure is the mother of success: learn from 'her'
  • #2,279
  • Aug 24, 2009 2:16am Aug 24, 2009 2:16am
Quoting 11andy11
dude lay off the sauce.
Welcome to the world of text message talk, 11andy11. I share your pain.
Greetings from Guanajuato, Mexico
  • #2,280
  • Aug 24, 2009 2:24am Aug 24, 2009 2:24am
Quoting 11andy11
read your post
dude,im here to learn n trade.. if u feel my post is incorrect,do tell me..
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