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Forex Breakout Direction Indicator

  • #181
  • Edited 5:23am Apr 13, 2016 4:30am | Edited 5:23am
At +3.4% all trades were closed (using previously posted Equity Sentry EA) and done for the day. (Easily could have been +7% shortly after closing everything, but greed is risky.)

EDIT/P.S.: Approx. 30 minutes after closing all trades, all the above mentioned +7% theoretical OPEN equity gain would have been GONE. Completely!

So greed is definitely risky. Confirmed.
Attached Image (click to enlarge)
Click to Enlarge Name: AFK 0413.png Size: 74 KB
  • #182
  • Apr 13, 2016 4:32am Apr 13, 2016 4:32am
Quoting Juan007
its correct this trade ??? cadchf buy 0.75061 {image}
Yes, it looks the same as on my chart.
  • #183
  • Apr 13, 2016 4:37am Apr 13, 2016 4:37am
Quoting krager
{quote} You need to go with the broker platform time of your MT4, not your time. So if broker platform time London opens at 10.00am on the MT4, the box end time will be 10.00am and the start time 8 hours before it, 02:00am You need to set the EA direction before 08.00am GMT and look at the Indicator for direction / strength between 01.00am and 02.00am GMT
"You need to set the EA direction before 08.00am GMT and look at the Indicator for direction / strength between 01.00am and 02.00am GMT"

Hi krager. I rely on MasterGuru's comments. So i'm also interested. I want to ask some questions that came to mind. If you answer, I'm glad. First one is that I' live in GMT+2. London opening is 10:00 AM in here. It's hard to look indicator for direction/strength between 03:00am and 04.00am (GMT+2) it would be difficult for sleeping. If i am at pc at 08:00 (Gmt 06:00 am) that is this enough?

And I did not buy a system previously paid. If i will do that this system will be mine for a life time? For example, what will happen after 3 years if you quit forex? Will the indicator stop working? They can be simple questions but i really don't know. Thank you, sorry for my english.
  • #184
  • Edited 10:32am Apr 13, 2016 4:46am | Edited 10:32am
Quoting Paqe
{quote} "You need to set the EA direction before 08.00am GMT and look at the Indicator for direction / strength between 01.00am and 02.00am GMT" Hi krager. I rely on MasterGuru's comments. So i'm also interested. I want to ask some questions that came to mind. If you answer, I'm glad. First one is that I' live in GMT+2. London opening is 10:00 AM in here. It's hard to look indicator for direction/strength between 03:00am and 04.00am (GMT+2) it would be difficult for sleeping. If i am at pc at 08:00 (Gmt 06:00 am) that is this enough? And I did not...
Thanks for your trust in my comments, Paqe! Appreciated.

You can set the charts at ANYTIME before London Open which is 9 AM in my time zone, so I can set my alarm at 8:30...
  • #185
  • Apr 13, 2016 8:13am Apr 13, 2016 8:13am
Colombian coffee to all

yesterday i put the indi and ea

start run on my gmt-5
at the 7 pm my time
i check the indi and i change the trade direction only for the pairs it was at 80% and 100%

later i went to sleep
i wake up at the 3:00 am my time and the ea do not make any trade
so at the 3:30 the ea open a trade ..... i like the system

i close all position at the 1%

the problem is i need to let my comp on all night
so today i will run the ea on a vps

thanks Craig
  • #186
  • Apr 13, 2016 8:36am Apr 13, 2016 8:36am
MasterGuru

i want run the ea equity sentry so i need the ea close at the 2% ONLY the trades with the magicnumber i put on the ea

does the ea close only the trades for the specific magic number ?

i have another trades with anothe magic numbers and i don want the equity center close it

thanks
  • #187
  • Apr 13, 2016 10:10am Apr 13, 2016 10:10am
Hello Craig,

two quick questions.

What are your settings for the trailing inside the EA? I guess you don't use the 40/20 standard settings. At least your account looks different.

Do you close the trades as a whole basket sometimes?

Many thanks and cheers!
  • #188
  • Edited 1:18pm Apr 13, 2016 10:31am | Edited 1:18pm
Quoting Juan007
MasterGuru i want run the ea equity sentry so i need the ea close at the 2% ONLY the trades with the magicnumber i put on the ea does the ea close only the trades for the specific magic number ? i have another trades with anothe magic numbers and i don want the equity center close it thanks
Correct. It closes only the trades with the specific Magic Number. You can run it even on two or more charts with different Magic Numbers, so it can be used for multiple strategies simultaneously. BUT: In this case you cannot set "Equity Sentry" to disable ALL EAs, which means that the "AFK EA" can open NEW trades after the global/daily TP is reached, which could ruin your banked profits.

So I advise you to open TWO MT4s on your PC/VPS for the same account for your two strategies. In this case you can set "Equity Sentry" to disable ALL EAs (i.e. AFK EA) once daily TP is achieved. Also, in this case you don't need to worry about Magic Number. On the other MT4 (same account) you could run your other EA.

IMPORTANT: The "Equity Sentry EA" cannot track net daily profits. It can track Equity Gain and Balance Gain SEPARATELY, but not the combination of these two (which would be the net daily profit). So it is not perfect for the purpose, but the best available.

Personally I set BOTH "EquityProfitMoney" and "CumulativeProfitMoney" to the same $ value. IF ANY of these two is reached, then the EA closes all open trades and stops further trades by disabling ALL EAs.
  • #189
  • Apr 13, 2016 12:35pm Apr 13, 2016 12:35pm
Quoting MasterGuru
{quote} Correct. It closes only the trades with the specific Magic Number. You can run it even on two or more charts with different Magic Numbers, so it can be used for multiple strategies simultaneously. BUT: In this case you cannot set "Equity Sentry" to disable ALL EAs, which means that the "AFK EA" can open NEW trades after the global/daily TP is reached, which could ruin your banked profits. So I advise you to open TWO MT4s on your PC/VPS for the same account for your two strategies. In this case you can set "Equity Sentry" to disable ALL EAs...
thanks MasterGuru
  • #190
  • Apr 13, 2016 1:46pm Apr 13, 2016 1:46pm
Quoting aider
@Krager Can you please post the charts of EURCAD, USDCAD ? if its not breaching your terms here please.
Yes will do, I usually post my charts around 7pm - 8pm BST (GMT+1)
Now on it...
  • #191
  • Apr 13, 2016 1:48pm Apr 13, 2016 1:48pm
Quoting MasterGuru
Although GBPCHF was not on the trade list of the day, for me it seemed to be a valid setup and already triggered:{image} GBPCAD SELL has also been tiggered:{image}
Hi mate,

I didn't take the GBPCHF trade as it was showing BUY 30%
  • #192
  • Apr 13, 2016 1:50pm Apr 13, 2016 1:50pm
Quoting Juan007
its correct this trade ??? cadchf buy 0.75061 {image}
Looks good to me!
  • #193
  • Apr 13, 2016 1:51pm Apr 13, 2016 1:51pm
Hi Krager

I would like to trial the indicator not the EA, I've seen that you have posted your email address. Apart from MT4 No what else do you require.

Thanks
  • #194
  • Apr 13, 2016 1:53pm Apr 13, 2016 1:53pm
Quoting Paqe
{quote} "You need to set the EA direction before 08.00am GMT and look at the Indicator for direction / strength between 01.00am and 02.00am GMT" Hi krager. I rely on MasterGuru's comments. So i'm also interested. I want to ask some questions that came to mind. If you answer, I'm glad. First one is that I' live in GMT+2. London opening is 10:00 AM in here. It's hard to look indicator for direction/strength between 03:00am and 04.00am (GMT+2) it would be difficult for sleeping. If i am at pc at 08:00 (Gmt 06:00 am) that is this enough? And I did not...
Hi Page, as long as you set the EA live with the given direction from the indicator before London Market opens it will work. So if your quick enough, 07:59am will be fine!

Rest that sleepy head!

Oh, once full product is paid, it's your for life time. If I remember right, to be 100% correct the indicator/EA may stop working in the year 2099

Regards
Craig
  • #195
  • Apr 13, 2016 1:55pm Apr 13, 2016 1:55pm
Quoting light786
Hi Krager I would like to trial the indicator not the EA, I've seen that you have posted your email address. Apart from MT4 No what else do you require. Thanks
Hi,
Please check out the web site, tells you everything there www.forexbreakout.co.uk

Many thanks
Craig
  • #196
  • Apr 13, 2016 1:57pm Apr 13, 2016 1:57pm
Quoting krager
{quote} Hi mate, I didn't take the GBPCHF trade as it was showing BUY 30%
It was 80% BUY on my chart (as shown on screenshot)... What could be the cause of the difference... Volume issue...?
  • #197
  • Apr 13, 2016 1:58pm Apr 13, 2016 1:58pm
Quoting krager
{quote} Hi Page, as long as you set the EA live with the given direction from the indicator before London Market opens it will work. So if your quick enough, 07:59am will be fine! Rest that sleepy head! Oh, once full product is paid, it's your for life time. If I remember right, to be 100% correct the indicator/EA may stop working in the year 2099 Regards Craig
Will you renew it free in 2099...?
  • #198
  • Apr 13, 2016 2:04pm Apr 13, 2016 2:04pm
Quoting MasterGuru
{quote} It was 80% BUY on my chart (as shown on screenshot)... What could be the cause of the difference... Volume issue...?
Not 100% to be honest....i'm asking my tech guy

Quoting MasterGuru
{quote} Will you renew it free in 2099...?
No need, we all be millionaires by then....
  • #199
  • Apr 13, 2016 2:07pm Apr 13, 2016 2:07pm
Quoting krager
{quote} Hi, Please check out the web site, tells you everything there www.forexbreakout.co.uk Many thanks Craig

Ok I've signed up. please add me to your wotsapp group.

Thanks
  • #200
  • Apr 13, 2016 2:08pm Apr 13, 2016 2:08pm
Quoting light786
{quote} Ok I've signed up. please add me to your wotsapp group. Thanks
Sure. No worries, please email me your mobile number

Regards
Craig
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