1H Cubicle Breakout System

I hope you set your TP @ 161.8 Minus the Spread...this is usually key when taking an against the trend...also I cut my lot size in half.

2 Good examples of 161.8 being hit...GJ easily, but GU was literally exactly executed at 161.8 minus the spread.

I hope others got these quick +86 pips (combined) 40 GU/ 46 GJ

hi Pilotui

thanks for system, i've tried few demo trades, and they were profitable. You have written in your document that you are looking for a method that could give more pips than 1.618 fibo level. My idea is to try to write an EA, so we could maybe find better setups during backtesting.
I've done some tests, but i have a problem with ScalperSignals indicator, i dont know how to take values from it. Do you have any additional information about it, or maybe you can direct me to place where i can find it (maybe you know the author). I've tried to find some info about this indi, but there are not too much.

regards
oromek

Hi, I'm happy it's working for you...

I'm THRILLED that you want to work on a EA.

Swingman is the author...I'm sure he'd help you out...he's been very kind to me in the past.

Please keep us updated!

Cheers

Darren

thanks for quick reply
now i know where to go for info, thanks a lot. Of course if i manage to do something working, i'll post it here. That should speed up our work.
regards
oromek

You are getting the signal arrow one hour late...see my chart...double check your signal arrow settings with the first page.

it hit 161.8 minus the spread EXACTLY +40 pips

I exited @ 138.2 due to :

A. The extremely oversold condition of GJ

B. I was already up 86 on the day...adding more than 63 just felt greedy.

All in all a very good day. +149

*** If you are conservative I suggest exiting @ 138.2, Aggressive @ 161.8, Ultra Aggressive @ 261.8 (may take a few days +/-100's of pips)***

This method is not intended to be used blindly and without though to proper Support/Resistance Levels...in this most recent trade, I honestly couldn't believe that GJ was still dropping. Once I found myself thinking that...it was time to exit.

NEW .zip file

Check it out.

We'll see.

TGT is just below 161.8

SL @ Fractal

I made 2 tactical errors on this trade that cost me -95 pips!

Please learn from my mistake, I don't want this to happen to you.

1. I traded CLEARLY against the H4 Trend...which is my main rule (just stupid)

2. Since I knew I was going against the trend, I should have cut my lot size in half...and didn't! (again, just stupid...maybe even a little arrogance mixed in also)

At one point right after my limit entry order was taken I was up 17+ pips...felt/said to myself..."move the SL to BE"...ignored myself of course and look what happened. (live account)

Oh well...Now I know...I will not be taking any trades that go against the H4 trend.

So after that bonehead trade I just posted...I realized that I didn't get that Sweet 0800 GMT trade signal WITH the trend...why?

Because Windows auto-update decided to restart my computer...thus rendering my baby-monitor alert system...Inoperable!!!

Argghhhh...

Pilot, how are you determining the four hour trend, just by PA or are you using a MA cross or perhaps your changing the current one hour chart to a 4 hour and if the AO is in our favour we take the trade, If we could put in place some mechanical means for finding the 4 hr trend then every one would be hopfully taking the same trades..

Danny

P.s

Sorry to hear about all that pip loss today, Very annoying.

Ok, I'm actually using the Snake meter I posted to guage higer time frame trends.

Also I do have all three charts up...1H, 4H and Daily.

Every time I get a Daily Signal...thats when I pay attention...then I look for 4H to follow suit...then once i get an alert on 4H I use my 1H for alerts to trade.

I am (still trying) enforcing ONLY trading with the 4H minimum...best case is I only trade with daily.

For Example: GJ Daily Chart shows a Short on 11 AUG.

Technically I should never take a trade agains that direction on 1H..no matter what.

Now how did I fare in reality...I got over-confident and was brought back down...QUICKLY.

If We, you, I feel that GJ is turning around based on the recent Long Signal a few hours ago...then I mark it on my chart and switch period to H4...now If I get a Long on H4...the I may trade the break out of the H4 Signal. ** EDIT** now I see that signal has not held...back to the down side boys!

I'm currently working on another system that only trades Daily signals...but more to come on that later.

Thanks for the quick reply, How do you use this indi pilot..

I love windows updates, they come at the perfect times... ...

NOTE: Heavy Sarcasm

I use the SNAKE METER... which is the little dashboard on my chart I posted earlier.

But load all 4 indy files 2 snake indy, 2 snake meter into the root directory Experts/Indicators...then

Add Snake Meter to the chart...voila!

Pilot hope your going to keep us informed this week of some trades you have taken using the new enrty rules..

long time no update ....nice system.... i did n't find mentioned AO arrow n fibo tool....i am new in fx world...if any one upload/ post fibo indi mt4 ..it will be great..thanks in advance

I do not find the scalper singnal indicator in the new zip file

Please re-upload "all" of the indicators.

Thanks

There is no Scalper signal indicator in the new folder. Pls, can anybody help us out? Thanks!