Forex Breakout Direction Indicator

For the customers that do not live in a GMT zone, the Forex Breakout Direction Indicator will start to show the predicted direction and strength at 01:00 GMT, the signal does not re-paint. You could look at the indicator and set the EA to open and close the trades for you.

All you need to do is set the EA direction. The rest is done for you.

Try a 14 day trail now at www.forexbreakout.co.uk

Trial money fully refunded if you purchase the full product

Regards
Craig
Away From Keyboard Forex

As a subscriber I can confirm that today was a profitable day. I use 0.5% risk setting, and still - with this setting - I have ended up with +3% cumulative account gain for the day (as my closer EA has missed the +2% preset mark.)

0.5% a day (consistently) will make anybody very rich, so 2% a day is fine with me... I don't mind to become "filthy rich"... By the way, I am trading it on real live account.

(I am working on connecting my MT4 to MyFxBook, but they have just upgraded their Publisher EA to 1.8.3 which does not do the job on my MT4...)

krager

i pay the indicator and the ea

so please i waait instructions

Hi Craig,
First of all congrats on what looks to be an extremely appealing indicator/EA. I am sure a lot of work went into this. I am relatively new to forex so I will beg your indulgence if the following questions seem pretty basic or silly!
1) How long has this system you created been in development?
2) I am confused by your assertions on post #62 where there were negative pips gained for the day yet there was still account growth of 1%. Can you please clarify what you meant by that. Again, not in the spirit of accusation or anything...you seem like a standup guy!
3) I plan on taking your trial and trading it on demo for two weeks. Would it be an issue if I then emailed you to change out my MT4 number for my live account when I went live with it?
4) You state that you trade 28 pairs. I run my MT4 off of a laptop that is a couple of years old. I think I could run about 12 charts open at the same time depending on how heavy your indicator/EA is. Would this drastically reduce the number of trade opportuntities available to me?
5) Just so I am clear...do I need to have 12 charts open OR will the indicator be running on one chart as a kind of dashboard and the pairs that meet your blackbox criteria will pop up. THEN I open the 3-5 charts that the indicator flagged?
6) I am in North America so I vote with Masterguru on any and all automation that will keep me in my warm bed at 3 AM. That being said...There are a heck of a lot harder ways to earn money so if I need to get up I will get up! Now do I have this right:
a) around 9-10 PM Eastern time (GMT-4) I check the indicator(s) to see what pairs are being flagged.
b) Still at 9-10 PM Eastern time (GMT-4) I set up the EA to trade the flagged pairs.
c) At 3-4 AM Eastern (GMT-4) I wake up to make sure that ranges on the flagged pairs are less than 80 then I start the EA.
Is this correct or will the EA do step c) by itself?

Again, thank you for the opportunity to ask questions and I appreciate how transparent you have been with answering questions so far in this thread!
Best of luck to you and I will probably see you on WHatsapp (BTW great bonus so that we can learn how you are approaching the exits to these trades)!

Oops! Sorry! I just saw that some of my questions were answered in a previous post! I try to compose my messages in a text file and then copy them in (too many lost messages over the years!! :-))! Sorry for the redundancy!

Many thanks, I've just sent you an e-mail asking for your MT4 account number, so I can code your files

Regards
Craig

End of day summary

I was on a great day for 95.5 pips banked with 3.55% account growth, but this afternoon whilst "tidying" up my charts, I applied my EA onto a none valid trade which got me into a sell trade on the EURCHF, which I really didn't need! I waiting all day for this to pull back, but instead closed it out for a 31.4 pip lost

Anyway, still made 2.38% account growth with 64.1 pips profit.

EURCAD closed for 33.8 pips profit, set and forget would of been 220 pips profit
USDCAD closed for 72.8 pips profit, set and forget would of been 220 pips profit
CADCHF closed for -11.1 pips lost, set and forget would of been 160 pips profit
Error trade EURCHF closed for 31.4 pips lost

Total for today 64.1 pips profit 2.38% account growth
Set and forget would of been 600 pips profit

Total for this week 252.4 pips banked, looking forward to tomorrow!

Thanks for the four new customers today. Below are the charts. Sleep easy if your my side of the world, I will see you on the other side.

Regards
Craig

Results on MyFXbook

https://www.myfxbook.com/members/afk...kforex/1571990

i sent you the info to your email thanks

Excellent resuls today Craig

Set and forget would be very appealing, For me I need to build up some confidence, so I am happy just to see the indicator has the ability to make winning trades

Martin

I noticed today, all signals that was 100% Buy or Sell strength, regardless of EMA filter would of won pips. Something to keep our eyes on over the next few weeks...

Thanks for the feedback

Hi Craig,

I am new here so my comments are held for moderation apparently. Could you please have a quick look at post #164 and address the few questions I had that hadn't been addressed earlier?

Thanks in advance!

Seekpips,

Many thanks for your message and kind words. I have answered the questions below

1) How long has this system you created been in development?

EA and indicator been in development since March 2015, it's taken me a year to fine tune it then create the final indicator, EA, web site etc

2) I am confused by your assertions on post #62 where there were negative pips gained for the day yet there was still account growth of 1%. Can you please clarify what you meant by that. Again, not in the spirit of accusation or anything...you seem like a standup guy!

Pips gained on a 3% position are worth alot more then a 1% position, it's all to do with the value of the pips, it's hard to explain really, but I hope that makes more sense

3) I plan on taking your trial and trading it on demo for two weeks. Would it be an issue if I then emailed you to change out my MT4 number for my live account when I went live with it?

No issues here

4) You state that you trade 28 pairs. I run my MT4 off of a laptop that is a couple of years old. I think I could run about 12 charts open at the same time depending on how heavy your indicator/EA is. Would this drastically reduce the number of trade opportuntities available to me?

Yes, or you could just open a chart, look at the Indicator, if it's not valid close it and open another chart

5) Just so I am clear...do I need to have 12 charts open OR will the indicator be running on one chart as a kind of dashboard and the pairs that meet your blackbox criteria will pop up. THEN I open the 3-5 charts that the indicator flagged?

Need to have charts open on the pairs you want to trade

6) I am in North America so I vote with Masterguru on any and all automation that will keep me in my warm bed at 3 AM. That being said...There are a heck of a lot harder ways to earn money so if I need to get up I will get up! Now do I have this right:
a) around 9-10 PM Eastern time (GMT-4) I check the indicator(s) to see what pairs are being flagged.

Correct

b) Still at 9-10 PM Eastern time (GMT-4) I set up the EA to trade the flagged pairs.

Correct

c) At 3-4 AM Eastern (GMT-4) I wake up to make sure that ranges on the flagged pairs are less than 80 then I start the EA.
Is this correct or will the EA do step c) by itself?

This is done by the EA, any range that exceeds 80 pips, the EA will switch off (so you can enjoy your sleep!)

Todays valid setups are

AUDCHF 100% BUY
AUDJPY 100% BUY
CADCHF 100% BUY
CADJPY 100% BUY
EURCAD 100% SELL
EURGBP 100% SELL
EURUSD 70% SELL
GBPCAD 90% SELL
NZDCHF 90% BUY
NZDJPY 100% BUY
NZDUSD 90% BUY
USDCAD 80% SELL

I've reduced my risk so-
Order 1 = 0.5%
Order 2 = 0.5%
Order 3 = 0.5%
Order 4 = 1.5%
False breakout orders = 3%

If your going to trade the USD or CAD crosses, you may want to close out early around 12:00pm GMT+1 before US Market opens if in profit, as there is RED news out for US and Canada

Good time converter web site

http://www.worldtimebuddy.com/

@Krager Can you please post the charts of EURCAD, USDCAD ? if its not breaching your terms here please.

Although GBPCHF was not on the trade list of the day, for me it seemed to be a valid setup and already triggered:

Attached Image (click to enlarge)

GBPCAD SELL has also been tiggered:

Attached Image (click to enlarge)

Looking at the DAX chart it would have worked out pretty well over the past weeks by observing all rules (box has been shifted back by one hour to match Frankfurt Open):

Attached Image (click to enlarge)

its correct this trade ???

cadchf

buy
0.75061