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Breakout Trading System

  • #1
  • First Post: Edited Nov 14, 2013 12:35am Oct 27, 2013 4:43pm | Edited Nov 14, 2013 12:35am
Hi Friends,
I have posted Easy Profit Making System in forum. After that I am posting here an Ultimate Profit Making System with only 2 indicators.

Buy when Buy Arrow Comes on Chart
Sell when Sell Arrow comes on chart.
15M is right TF for Trading. it can allow Trade on any TF.
Use UltimatePMS.tpl for 1H TF. & ultimatepms15.tpl for 15M TF.

Note:- the candle must close with the arrow for the correct entry signal.

You will Trade in any Currency or Commodity with this System.
No need to change in Indicators Parameter.
Colored Hi Low bar help to find Trend.
You will get Signal exactly before 1 Bar of Breakout. MT4 Coder welcome to make an EA based on this System.
i am posting here some other EA which is Useful to Trade with this System.
1. Trade Open From EA Coder
2. Trade Protector - Trailing Stop EA

​Kindly Trade and Reply Your Views.



any Question ?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_7.png Size: 55 KB



Add a Grid Script which is useful when signal comes.
Attached File(s)
File Type: ex4 Grid Pending Orders New.ex4   5 KB | 6,405 downloads | Uploaded Nov 14, 2013 12:22am

Attached File(s)
File Type: ex4 Remove Grid Script.ex4   4 KB | 5,319 downloads | Uploaded Nov 14, 2013 12:22am
Attached File(s)
File Type: ex4 SD Pricebar.ex4   54 KB | 7,592 downloads
File Type: ex4 Ultimate alerts & arrows.ex4   14 KB | 9,852 downloads
File Type: ex4 Ultimate bars.ex4   4 KB | 7,806 downloads
File Type: tpl UltimatePMS.tpl   107 KB | 8,844 downloads
File Type: ex4 trade_protector-1.2.ex4   7 KB | 7,191 downloads
File Type: ex4 TradeOpen v1.1.ex4   51 KB | 7,245 downloads
File Type: tpl ultimatepms15.tpl   114 KB | 8,834 downloads
  • #2
  • Edited 5:22pm Oct 27, 2013 5:11pm | Edited 5:22pm
Hi Amol, I could try to code an EA for your system but to do this I'd like to have the .mq4 file to see what's behind those indicators which seems to spot good entries on charts.
Let me know
Thank you

P.S.: By the way what you gained in that charts isn't 1000 pips + 700 pips but 100 pips + 70 pips (there are 5 decimal digits in your mt4 broker so you have to divide by 10)

Cheers,
Skyline
  • #3
  • Oct 27, 2013 9:28pm Oct 27, 2013 9:28pm
Thank you for Sharing Amol
  • #4
  • Oct 27, 2013 11:05pm Oct 27, 2013 11:05pm
When do you think is the best time during the day to trade using this system ?
Take what the market gives you.
  • #5
  • Oct 28, 2013 12:09am Oct 28, 2013 12:09am
Quoting Tiggrrr
When do you think is the best time during the day to trade using this system ?
Hi Tiggrr,
As you know market have 4 Sessions. you can leave Pecific Session (Open-20:00 & Close-04:00)
to identidfy sessions use attached Indicator.

Attached File(s)
File Type: ex4 4Sessions.ex4   8 KB | 2,849 downloads


Best Earning.
  • #6
  • Oct 28, 2013 12:21am Oct 28, 2013 12:21am
Quoting skyline
Hi Amol, I could try to code an EA for your system but to do this I'd like to have the .mq4 file to see what's behind those indicators which seems to spot good entries on charts. Let me know Thank you P.S.: By the way what you gained in that charts isn't 1000 pips + 700 pips but 100 pips + 70 pips (there are 5 decimal digits in your mt4 broker so you have to divide by 10) Cheers, Skyline
Hi Skyline,
Thank you to show interest to make an EA on it.
But oops i do not have mql file for main indicator as you see alert and arrows. i try to search it on google but i got repainted Indicator.
Sorry.

i'll remember Pips in next Post.
  • #7
  • Oct 28, 2013 12:31am Oct 28, 2013 12:31am
It looks like the profit on that chart is closer to 100 pips and 70 pips than 1000 pips and 700 pips.
  • #8
  • Oct 28, 2013 2:28am Oct 28, 2013 2:28am
Quoting amol123
{quote} Hi Skyline, Thank you to show interest to make an EA on it. But oops i do not have mql file for main indicator as you see alert and arrows. i try to search it on google but i got repainted Indicator. Sorry. i'll remember Pips in next Post.

I see Amol, btw those indicators repaints, I get a short signal right now on GBPUSD M15 then it disappeared because price went up, so they cannot be used for live trading nor any reliable EA could be done based on them.

Cheers,
Skyline
  • #9
  • Oct 28, 2013 2:33am Oct 28, 2013 2:33am
Quoting skyline
{quote} I see Amol, btw those indicators repaints, I get a short signal right now on GBPUSD M15 then it disappeared because price went up, so they cannot be used for live trading nor any reliable EA could be done based on them. Cheers, Skyline

they do not repaint. the candle must close with the arrow for the correct entry signal.
Take what the market gives you.
  • #10
  • Oct 28, 2013 4:25am Oct 28, 2013 4:25am
Quoting Tiggrrr
{quote} they do not repaint. the candle must close with the arrow for the correct entry signal.

Yes that's what's happened, candle at 8:00 (gmt+1) on gbpusd m15 was closed with the short arrow painted (i put manually yellow arrow in screenshot), then on next candle alert was also fired (exactly at 8:19 in my platform) , then that arrow magically disappeared because price went up; moreover the H1 volatility quality indicator changed its color from blue to pink then revert back to blue.
If you look now backward in the chart it seems that there was only a long at around 2:00 without any short at 8:00 but that's not true, in live trading you would have taken that short. Maybe one have to wait also for the next candle to be closed to be sure arrow does not disappear from chart, so in my case i would had to wait for 8:15 candle to be closed. I'll check further on this.

Cheers,
Skyline
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd_m15_chart.jpg Size: 76 KB
Click to Enlarge Name: gbpusd_m15_alert.jpg Size: 9 KB
  • #11
  • Oct 28, 2013 5:24am Oct 28, 2013 5:24am
Isn't this "repainting" due to the Timeframe 60 setting in the indy. So it can paint or remove the arrow untill the 1h candle is closed? This essentially means you are trading the 1h, not the 15m. If the arrow paints at 08:01 you'll have to wait to 09:00 before it is secure.

I have not checked yet if the indy actually does repaint in terms of it disappearing 1 or more candles later. It can easily be done in 1m, just set the indy timeframe to 1m too and just watch till it paints and check if it doesnt disapear.
  • #12
  • Oct 28, 2013 6:13am Oct 28, 2013 6:13am
Quoting skyline
{quote} Yes that's what's happened, candle at 8:00 (gmt+1) on gbpusd m15 was closed with the short arrow painted (i put manually yellow arrow in screenshot), then on next candle alert was also fired (exactly at 8:19 in my platform) , then that arrow magically disappeared because price went up; moreover the H1 volatility quality indicator changed its color from blue to pink then revert back to blue. If you look now backward in the chart it seems that there was only a long at around 2:00 without any short at 8:00 but that's not true, in live trading...

For this Problem you can use following Tpl file.

Attached File(s)
File Type: tpl UltimatePMS.tpl   114 KB | 2,058 downloads


Thanks for your Views To Improve This System.
  • #13
  • Oct 28, 2013 7:20am Oct 28, 2013 7:20am
You just need to set the indi parameter "alerts on current" to false. Then it won't happen.
  • #14
  • Oct 28, 2013 8:54pm Oct 28, 2013 8:54pm
That's great system.

How to take profit, stop loss, and exit order?

Thanks
  • #15
  • Oct 29, 2013 12:14am Oct 29, 2013 12:14am
Quoting dinhienhy
That's great system. How to take profit, stop loss, and exit order? Thanks
Hi,
In this system there is no predefined TP.
you just follow the rule -
Note:- the candle must close with the arrow for the correct entry signal.
​Avoid Trade During Pecific Session.

I think this is enough to win pips.
  • #16
  • Oct 29, 2013 1:00am Oct 29, 2013 1:00am
Quoting dinhienhy
That's great system. How to take profit, stop loss, and exit order? Thanks

when it comes to systems like this one....its best to put in a TP of 5-10 pips. I personally would do 5 pips. But HELL! 10 pips is a lot every day especially if its consecutive.
Take what the market gives you.
  • #17
  • Nov 11, 2013 10:01am Nov 11, 2013 10:01am
Hello bro, your indicator is looking very nice, I m using 4 digit broker, insta-forex,

please check screen shots,

1.

http://i44.tinypic.com/1076hcx.png


2.

http://i44.tinypic.com/ofd6z8.png

what is the setting for 4 digit?
  • #18
  • Nov 11, 2013 1:59pm Nov 11, 2013 1:59pm
It was renamed VQ, the default settings should be fine.
Can they play, if not satisfied.
Sorry my eng
  • #19
  • Nov 11, 2013 2:39pm Nov 11, 2013 2:39pm
What is the difference between the templates ultimatepms15.tpl and UltimatePMS.tpl? When should I use which?

Thank you.
  • #20
  • Nov 12, 2013 10:21pm Nov 12, 2013 10:21pm
Quoting ForexIdiot
What is the difference between the templates ultimatepms15.tpl and UltimatePMS.tpl? When should I use which? Thank you.

Hi,
ultimatepms15.tpl- for trading on 15M chart.

UltimatePMS.tpl- for trading on 1H chart.
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