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Forex Breakout Direction Indicator

  • #261
  • Apr 17, 2016 1:08am Apr 17, 2016 1:08am
Quoting orientos
I was a little surprised you selected EG on Friday, because the 50 EMA runs right through the middle of the box. Regardless of this, April results were very impressive. Congratulations.
Thanks. If there was other set ups I might of possibly not traded this. I thought if the price went in the other direction then it would of retraced once it hit the 200 ema, which it did.
  • #262
  • Edited 2:39pm Apr 17, 2016 8:03am | Edited 2:39pm
Ciao, ho fare il pagamento per il processo. Mi aspetto l'indicatore ed EA.


Grazie
  • #263
  • Apr 17, 2016 11:21am Apr 17, 2016 11:21am
Quoting traderhobby
hello, i have do payment for trial. i wait the indicator and ea. for whatshup my number is +393311407240 thanks
No worries, thank you. Will be sending this over to you within the hour

Regards
Craig
  • #264
  • Apr 17, 2016 11:51am Apr 17, 2016 11:51am
Monday is almost here, have you got your Forex Breakout Direction Indicator or EA ready?

£2.49 (each) for 14 day trial at www.forexbreakout.co.uk
  • #265
  • Edited 2:50pm Apr 17, 2016 2:37pm | Edited 2:50pm
Hello i am trying to setup my the system, but just little confused. I have an IC Markets Account set up on a VPS

I have purchased the Indicator and EA, and have installed the Indicators in the indicator folders and the EA into the Expert folder.
The templet into the templet folder.
One other thing do i need to load the e-Trailing EA separately on a chart or is that all combined into the AFK EA?

Do i set up the GMT time in the EA to :Box Start Time to 03:00 :Box End Time to 11:00 (And do i do this on every chart that i have open?)


Do i have setup any other settings in the EA for example the Trailing distance and step or do i leave that at default?
Do i set the OCO active to True since i want the trades not taken to cancel once the other trade is active.

What time do i look at the charts to decide which way to trade or is that done automatically if i set the EA to Buy and Sell.
Do i need to set the ADX start time and End time to my broker platform GMT time or is that all taken care of once the GMT time is set on Box start time and Time above.?
  • #266
  • Apr 17, 2016 2:53pm Apr 17, 2016 2:53pm
hello, thanks for indicator and ea.
i am en Italy, now is 21:53 what time impost in indicator and ea?

thanks
  • #267
  • Edited 3:58pm Apr 17, 2016 3:41pm | Edited 3:58pm
Quoting smahil
Hello i am trying to setup my the system, but just little confused. I have an IC Markets Account set up on a VPS I have purchased the Indicator and EA, and have installed the Indicators in the indicator folders and the EA into the Expert folder. The templet into the templet folder. One other thing do i need to load the e-Trailing EA separately on a chart or is that all combined into the AFK EA? Do i set up the GMT time in the EA to :Box Start Time to 03:00 :Box End Time to 11:00 (And do i do this on every chart that i have open?) Do i have setup...
Hi

I have answered your questions below


Do i need to load the e-Trailing EA separately on a chart or is that all combined into the AFK EA?

You only need the e-Trialing EA if your using the indicator only, and setting your own pending orders. If your using the EA to set your pending orders, the EA has a built in trailing stop / step function

Do i set up the GMT time in the EA to :Box Start Time to 03:00 :Box End Time to 11:00 (And do i do this on every chart that i have open?)

Yes to every chart, the Ea box start and time times should match that of your indicator. Make sure your Box End Time is the same time when London opens at 08:00am you can use the time converter spreadsheet which is on this forum to double check you have the correct times

Do i have setup any other settings in the EA for example the Trailing distance and step or do i leave that at default?

All settings for the EA are listed in the PDF doucment I've sent you

Do i set the OCO active to True since i want the trades not taken to cancel once the other trade is active.

This should be set to False if your using my system
Qute from pdf
OCO Active - True / False
(if both directions are selected, and then set to true, so buy stops are triggered the EA will cancel the sell stops and vice versa, set to FALSE for Forex Breakout Direction Indicator system)

What time do i look at the charts to decide which way to trade or is that done automatically if i set the EA to Buy and Sell.

No you need to look at your charts any-time after the Box start time and any-time before the Box end time. Look at your charts with the indicator which will then show you which pairs to trade (any 70+ breakout strength which are above / below 200 + 50 EMA), then load the EA in the direction you wish to take.
Follow the rules in the PDF document


Do i need to set the ADX start time and End time to my broker platform GMT time or is that all taken care of once the GMT time is set on Box start time and Time above.?

No, you will need to set these. Use the time converter spreadsheet on this forum if your unsure

Regards

Craig
  • #268
  • Apr 17, 2016 3:42pm Apr 17, 2016 3:42pm
Quoting traderhobby
hello, thanks for indicator and ea. i am en Italy, now is 21:53 what time impost in indicator and ea? thanks
Please use the time converter spreadsheet which is posted on this forum
  • #269
  • Apr 17, 2016 4:22pm Apr 17, 2016 4:22pm
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

to set the pendings in the ea before london opens is not a problem.... but to watch the strengh between 01.00am and 02.00am GMT is in germany 3-4 am , and this is middle in the night... impossible to do.

why i can not watch the strengh berfore london open ? when i set the pendings?

dont understand this logic why to watch the strengh x hours before london open?
  • #270
  • Apr 17, 2016 5:10pm Apr 17, 2016 5:10pm
Quoting braddock69
{quote} to set the pendings in the ea before london opens is not a problem.... but to watch the strengh between 01.00am and 02.00am GMT is in germany 3-4 am , and this is middle in the night... impossible to do. why i can not watch the strengh berfore london open ? when i set the pendings? dont understand this logic why to watch the strengh x hours before london open?
I believe you can. Why wouldn't you be able to set it before London open? I'm assuming that 1 am is the EARLIEST you can begin looking.
  • #271
  • Apr 17, 2016 5:49pm Apr 17, 2016 5:49pm
hello, i did payment for trial. I wait the indicator and ea.
  • #272
  • Apr 17, 2016 6:03pm Apr 17, 2016 6:03pm
Quoting braddock69
{quote} to set the pendings in the ea before london opens is not a problem.... but to watch the strengh between 01.00am and 02.00am GMT is in germany 3-4 am , and this is middle in the night... impossible to do. why i can not watch the strengh berfore london open ? when i set the pendings? dont understand this logic why to watch the strengh x hours before london open?
Hi, i have asked same question on post 183. Please read post 184 for Masterguru's answer and read post 194 for krager's answer.
  • #273
  • Apr 17, 2016 6:33pm Apr 17, 2016 6:33pm
Quoting krager
{quote} Page, if you have any doubts, then please don't buy this system. Whatever you decided, you got to be happy! All the best Craig
But I made the payment and i sent an email to [email protected] Please read it.
  • #274
  • Apr 17, 2016 6:51pm Apr 17, 2016 6:51pm
In another thread ("Expanding Grid") Bauta has uploaded a newsfilter EA. I have not tried it, but it is worth testing as Bauta is an excellent programmer.
Attached File(s)
File Type: ex4 DontTradeOnNews.ex4   20 KB | 284 downloads
  • #275
  • Apr 17, 2016 8:03pm Apr 17, 2016 8:03pm
What times do i put in the fields:

EA START TIME 1
EA START FINISH TIME 1
EA START TIME 2
EA FINISH TIME2

SO JUST TO MAKE SURE LEAVE THE OCO ACTIVE TO FALSE IF I AM USING THE EA ?
  • #276
  • Apr 17, 2016 9:27pm Apr 17, 2016 9:27pm
I am using IC Markets Broker
I have set my Box Start time 2:00
I have set my Box End Time 10:00
Is this correct ,the reason i am asking is i have seen MasterGuru settings in pervious post and he is using IC Markets but he has it set to 3:00 and 11:00

I someone can please verify which is correct i would really appreciate it.

I am still not sure what settings to set the time into in the FBDI INDICATOR ?
In the ADX START TIME ,the default is 21:00
In the ADX END TIME , the default is 02:00

Do i also set those to 2:00 and 10:00 the the BOX START AND END TIMES like above.
Or like masterGuru 3:00 and 11:00
Thanks for your help.
  • #277
  • Apr 17, 2016 11:59pm Apr 17, 2016 11:59pm
I have the EA running on 28 pairs but on 7 charts the "BREAKOUT STRENGTH SHOWS 0% " is that normal or would it show some percentage ?

I have attached a picture of one of my charts even though all criteria matches for a trade the "breakout strength still shows 0%
https://www.mql5.com/en/charts/49871...apital-markets
https://charts.mql5.com/10/905/usdjp...al-markets.png
  • #278
  • Apr 18, 2016 12:03am Apr 18, 2016 12:03am
Quoting smahil
I have the EA running on 28 pairs but on 7 charts the "BREAKOUT STRENGTH SHOWS 0% " is that normal or would it show some percentage ? I have attached a picture of one of my charts even though all criteria matches for a trade the "breakout strength still shows 0% https://www.mql5.com/en/charts/49871...apital-markets {image}
Breakout strength of 0% is normal. This has been asked a few times now, I will update the PDF document to state this to avoid confusion for future customers.

0% breakout strength on that pair should not be traded
  • #279
  • Apr 18, 2016 12:31am Apr 18, 2016 12:31am
Quoting braddock69
{quote} to set the pendings in the ea before london opens is not a problem.... but to watch the strengh between 01.00am and 02.00am GMT is in germany 3-4 am , and this is middle in the night... impossible to do. why i can not watch the strengh berfore london open ? when i set the pendings? dont understand this logic why to watch the strengh x hours before london open?
Hi

The answer to your question

Why i can not watch the strength before London open?

You can. The signal strength starts and does not re-paint when the Box Start Time starts. So you can look at the signal strength any time from the box start time till London opens
  • #280
  • Apr 18, 2016 12:32am Apr 18, 2016 12:32am
Quoting MasterGuru
In another thread ("Expanding Grid") Bauta has uploaded a newsfilter EA. I have not tried it, but it is worth testing as Bauta is an excellent programmer.{file}
Thanks for this, I will have a look at this later today
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