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4H Breakout With Custom Stop Loss

  • #221
  • Oct 15, 2009 7:09pm Oct 15, 2009 7:09pm
Quoting nondisclosure00
"set a trailing stop to 50%-75% of the Breakout Zone (including buffers). "

What's the "Breakout Zone"? x-y=BreakoutZone. So, what is X and what is Y?

Thanks.
This system has moved to become the 4H Banker Buster. But, to still answer your question, this system works on 1st 4H bar high is the top breakout for long orders, and the 1st 4H bar low for the bottom breakout for short orders.

Visit Ace's 4H Box Breakout to get the indicator that charts the high/low of the box for the week.
  • #222
  • Oct 16, 2009 8:18pm Oct 16, 2009 8:18pm
Quoting Offshore
well finally stopped out for the week after the pair stuffed around better luck next week i suppose atleast I didn't have SL set at full box
I don't think that should make a difference really. Shouldn't your risk to account be the same regardless of the 'pips at risk'? ie. wouldn't you adjust the lot size to keep the risk an acceptable level?


http://www.forexfactory.com/showthread.php?t=199622
here is the bank buster link
  • #223
  • Last Post: Jan 16, 2010 4:36am Jan 16, 2010 4:36am
Quoting Pharoah
:/
Pharoah can you share the tamplete and indicators .....??????

Thanks
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