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4H Box Breakout

  • #5,401
  • Aug 25, 2013 6:17pm Aug 25, 2013 6:17pm
Ace, Are you still trading this???
  • #5,402
  • Aug 26, 2013 12:34am Aug 26, 2013 12:34am
Quoting JimTatum
Ace, Are you still trading this???
i tried this strategy coz its simple ​and it seems good....most of the time
learn and earn from the ups and downs...of life.
  • #5,403
  • Aug 26, 2013 9:03am Aug 26, 2013 9:03am
perhaps out of this on the first post

This system works on many JPY pairs.
GBP/JPY
EUR/JPY
AUD/JPY
CHF/JPY
CAD/JPY
**GBP/JPY is the best pair.
May work on other pairs, testing is required however.

i trade it only this pairs, sometimes E/U but you can trade it without indi, it is so stressfree

cheers
  • #5,404
  • Aug 26, 2013 4:45pm Aug 26, 2013 4:45pm
Hello guys.

Someone made ​​a backtest over this current system?
  • #5,405
  • Edited Oct 10, 2013 9:48am Oct 9, 2013 11:21pm | Edited Oct 10, 2013 9:48am
Is any one still using this system? I got second week unprofitable
  • #5,406
  • Oct 13, 2013 9:51pm Oct 13, 2013 9:51pm
interesting thread.

will try out this for first week.
Holy grail, pls pm
  • #5,407
  • Oct 15, 2013 2:30am Oct 15, 2013 2:30am
Quoting leealex
Is any one still using this system? I got second week unprofitable
atleast you got money for first week
Holy grail, pls pm
  • #5,408
  • Oct 15, 2013 3:14am Oct 15, 2013 3:14am
Quoting iamgotzaa
{quote} atleast you got money for first week
That's true, but I thought this is not one-time system
  • #5,409
  • Oct 28, 2013 4:54am Oct 28, 2013 4:54am
Hi

If there is anyone still using this system

I have wrote an EA according to the rule provided there in the first page.( thank you for sharing nice concept here )

I'll like to share the code I wrote.

thank you,
Attached File(s)
File Type: mq4 WeeklyTrader.mq4   10 KB | 1,719 downloads
Holy grail, pls pm
  • #5,410
  • Dec 11, 2013 11:02pm Dec 11, 2013 11:02pm
anyone try the new ea already? Which chart should I attach to?
  • #5,411
  • Oct 11, 2014 8:47pm Oct 11, 2014 8:47pm
Good mechanical strategy.
  • #5,412
  • Oct 12, 2014 10:43am Oct 12, 2014 10:43am
Hi all,

three weeks : 5 Pairs with 1% Risk => -6,1%
Attached Image (click to enlarge)
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  • #5,413
  • Nov 23, 2014 5:14pm Nov 23, 2014 5:14pm
Quoting Tasian
Hi all, three weeks : 5 Pairs with 1% Risk => -6,1% {image}
hi tasian, im about to try this system in my live account, i tested and i think its profitable in a trending market, but in a ranging market have to keep an eye on it....this system is monthly result, sorry bout your losses i would like to know how is your result by today or you stopped working on it.....
  • #5,414
  • Dec 30, 2014 1:27am Dec 30, 2014 1:27am
Does the original 1 Box Indicator posted by Ace still work with the latest MT4? Can't seem to get it to run.
  • #5,415
  • Jan 4, 2015 12:42pm Jan 4, 2015 12:42pm
Sorry to have to revoke this thread, but this method still seems very profitable, and as I've just joined I cannot create a new thread.

This is my first post, I am 16 years old, I've been trading on demo accounts for 6-7 months, and tomorrow from 4 am I start trading this strategy with a $1000 account, live. I've manually back-tested it and it seems profitable still now on GBP/JPY pair.

Wish me luck, as I'll start a Journal as soon as I'm allowed to post

Looks like GBPJPY on both 4H and Daily charts is heavily oversold, I see a Long coming
  • #5,416
  • Jan 5, 2015 2:51am Jan 5, 2015 2:51am
Made 4 trades this morning, based on multiple systems.

Used "Trading made Simple" system for basic idea of trend change, and confirmed it with price action figures. Entered on the GBPJPY pair for long, even though it hasn't broken the weekly box yet. But I'm sure it will.

Anyone else got any thoughts? See the charts I posted

EDIT::

Do any experienced traders think that my stop losses are too tight for the 4H charts? set at 30 Pips
Attached Image(s) (click to enlarge)
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  • #5,417
  • Jan 5, 2015 5:31am Jan 5, 2015 5:31am
Well luckily I adjusted my stops to 100 pips each, so far each trade is down 50 pips, they are all the same, hence only one chart.

I'm still thinking that the trend is going to reverse. The doubt is there in the back of my mind, but it's the least of my worries. I see if i manually backtest and look for similar setups it all comes around.

Anyone else have thoughts? I'd like to get involved with this great community from a young age :-)
Attached Image (click to enlarge)
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  • #5,418
  • Jan 16, 2015 8:43am Jan 16, 2015 8:43am
Very interesting and seems to be effective. Hope the thread continues.
Be humble or be humbled.
  • #5,419
  • Feb 29, 2016 6:43am Feb 29, 2016 6:43am
What do you think about to code an EA with your strategy?
I think it can be done.


Quoting Ace284
I've seen breakout strategies for daily and weekly. I've never seen one like the one i'm about to present. DRAW a box connecting the high of the first 4hr candle(00:00) of the week with the low along with a buffer of 20 pips on each side. The week starts at the open of the Australian session. If I had a penny for every time someone has asked which candle it is..i wouldn't need to trade forex to make money. For the next person who is going to ask, follow these instructions. Download an FXDD platform. Press Ctrl+y on a 4hr chart. Lines will magically...
  • #5,420
  • Jan 8, 2017 8:15pm Jan 8, 2017 8:15pm
thank ace284 for great trading system you share for newbie like me
i test your system for gbpjpy in 1 year and have good result
average, i take 50 pip for a week or 220 pip for a month
that so cool
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