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Mika's Breakout strategy

  • #121
  • Jan 20, 2015 6:02am Jan 20, 2015 6:02am
Quoting mario777
{quote} mika what platform are you using? Im using ICmarket build 765. I noticed it has same problem with 1H.
you can use FXCM since it easy to sign up a demo account, also pepperstone
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  • #122
  • Jan 20, 2015 8:31am Jan 20, 2015 8:31am
in the AU, AJ, EU, EJ, EC, EA, EG, GU, GJ, NU, NJ, UC and UJ result to this day with a RR of 1: 1, 10 wins and 3 losses .
very good results, that would be approximately 140 pips profit.
I'm not a programmer, but it seems easy to create an EA of this system.
mika many thanks! that pairs you work?
  • #123
  • Jan 20, 2015 8:40am Jan 20, 2015 8:40am
Hi Mika,

EC CT,

EC H1 show overbought
EC H4 still bullish and meet the rules

in this case, can we add more buy position ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-01-20 at 2.37.07 PM.png Size: 25 KB
Click to Enlarge Name: Screen Shot 2015-01-20 at 2.36.17 PM.png Size: 31 KB
  • #124
  • Jan 20, 2015 9:08am Jan 20, 2015 9:08am
Quoting Clipi
in the AU, AJ, EU, EJ, EC, EA, EG, GU, GJ, NU, NJ, UC and UJ result to this day with a RR of 1: 1, 10 wins and 3 losses . very good results, that would be approximately 140 pips profit. I'm not a programmer, but it seems easy to create an EA of this system. mika many thanks! that pairs you work?
ANy pair will work.

i just set my daily target, when i reach it i stop trading

you are welcome
Reaction is better than Prediction
  • #125
  • Jan 20, 2015 9:13am Jan 20, 2015 9:13am
Quoting sniperdebt
Hi Mika, EC CT, EC H1 show overbought EC H4 still bullish and meet the rules in this case, can we add more buy position ? {image} {image}
i dont see a buy setup on EURCAD on H1 or H4, indi's dont align here.

But for the sake of answering, i only look for the current timeframe to trade. since we are taking pips from that particular timeframe only..

if during a buy trade.. then the price becomes overbought, just keep your position until it reaches TP.
Most of the time, if it turns overbought, the TP should have been hit already
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  • #126
  • Jan 20, 2015 9:51am Jan 20, 2015 9:51am
it's because of something wrong with my indi's? i'm notice my chart show different adx(42) colour as per posted by clipi for EURAUD H1
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-01-20 at 3.49.16 PM.png Size: 95 KB
  • #127
  • Jan 20, 2015 10:08am Jan 20, 2015 10:08am
maybe a slight difference of price feed. for sell, adx must be pink or orange.

both are ok. my adx 42 here shows red. your shows as orange.
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  • #128
  • Jan 20, 2015 10:15am Jan 20, 2015 10:15am
Quoting sniperdebt
it's because of something wrong with my indi's? i'm notice my chart show different adx(42) colour as per posted by clipi for EURAUD H1 {image}
ADX nihlist check settings should be:
Nihilist ADX (7), (21), (42)
  • #129
  • Jan 20, 2015 10:21am Jan 20, 2015 10:21am
Quoting Clipi
{quote} ADX nihlist check settings should be: Nihilist ADX (7), (21), (42)
yes, ADX(7),(21) same as like your chart only ADX(42) got diff colour
  • #130
  • Jan 20, 2015 10:24am Jan 20, 2015 10:24am
Hi Mikajap,

Thanks for sharing the beautiful system.

Your market session indicator is not working when I tried to make the gmt offset (+2) according to my borker,s time. Any idea what to do?

Thanks
Roy
  • #131
  • Jan 20, 2015 12:41pm Jan 20, 2015 12:41pm
Quoting RoyPK
Hi Mikajap, Thanks for sharing the beautiful system. Your market session indicator is not working when I tried to make the gmt offset (+2) according to my borker,s time. Any idea what to do? Thanks Roy
Hey , glad to hear.

the sessions indicator time is based on your platform/brokers server. You need to know it to set london open which is GMT 8 upto GMT 16

My GMT Offset is 0 so the Time_Begin is 8, Time_End is 16
Attached Image


If you have +2 GMT Offset, set it to Time_Begin = 10, Time_End = 18
Attached Image
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  • #132
  • Jan 20, 2015 3:15pm Jan 20, 2015 3:15pm
Thanks a lot Mikajap for your detailed reply. It's working now perfectly.

Roy
  • #133
  • Jan 20, 2015 4:05pm Jan 20, 2015 4:05pm
Thanks Mika for sharing.

Although loaded with many indicators, it looks interesting.

subscribed.
No guts, no glory
  • #134
  • Jan 20, 2015 4:19pm Jan 20, 2015 4:19pm
Mika I have subscribed two days back But Not receiving emails! in my gmail.from this thread?? What to do?
  • #135
  • Jan 20, 2015 10:46pm Jan 20, 2015 10:46pm
yesterday was green. lets see today
  • #136
  • Jan 20, 2015 11:59pm Jan 20, 2015 11:59pm
Hi Mika,
Great system that lacks just one thing I M H O. If this system had a sound alert when "ALL" the indies line up. A lot of the time it does happen when the arrow prints that the other indies all line up. Hoping some talented coder takes up the challenge to enhance this great system.
  • #137
  • Jan 21, 2015 2:02am Jan 21, 2015 2:02am
Quoting behman8850
Mika I have subscribed two days back But Not receiving emails! in my gmail.from this thread?? What to do?
please ask the staff. im dont know how to solve this.
Reaction is better than Prediction
  • #138
  • Jan 21, 2015 2:18am Jan 21, 2015 2:18am
Quoting RoyPK
Thanks a lot Mikajap for your detailed reply. It's working now perfectly. Roy
no problem
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  • #139
  • Jan 21, 2015 2:21am Jan 21, 2015 2:21am
setting up in AUDJPY

Attached Image (click to enlarge)
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  • #140
  • Jan 21, 2015 2:22am Jan 21, 2015 2:22am
setting up USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
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