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Forex Breakout Direction Indicator

  • #281
  • Apr 18, 2016 12:34am Apr 18, 2016 12:34am
Can you please answer the other question on post #276 thanks
  • #282
  • Apr 18, 2016 12:36am Apr 18, 2016 12:36am
Quoting smahil
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 ?
The EA start time 1 and end time 2 is to be set as the same time asyou indicator

The Ea was set up so you could switch off the EA and back on during the news, hence EA start time 2 and end end time 2

In the Forex Breakout Direction Indicator System we do not use the Ea Start Time 2 options, so just leave these at the very end of the day, i.e 22:00 - 22:05

OCO = False on this system
  • #283
  • Apr 18, 2016 12:39am Apr 18, 2016 12:39am
Quoting smahil
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...
Hi,

Your settings should match that plus or minus your brokers GMT to my settings.

The ADX time settings should also change to match my settings.

with London currently on GMT +1

Box Start = 00:00
Box End = 08:00
ADx Start 17:00
ADX End = 00:00

Please adjust to your settings on your brokers GMT +/-

Regards

Craig
  • #284
  • Apr 18, 2016 1:47am Apr 18, 2016 1:47am
Quoting krager
{quote} Hi, Your settings should match that plus or minus your brokers GMT to my settings. The ADX time settings should also change to match my settings. with London currently on GMT +1 Box Start = 00:00 Box End = 08:00 ADx Start 17:00 ADX End = 00:00 Please adjust to your settings on your brokers GMT +/- Regards Craig
Craig, i think time converter excel file is not right. I live in GMT+2 and we also use summer time. So London opening is 8:00am, in here 10:00am It's not important Summer or winter time.

You said:

Box Start = 00:00
Box End = 08:00
ADx Start 17:00
ADX End = 00:00 and "Please adjust to your settings on your brokers GMT +/-"

so my broker gmt+2, i must add +2

Box Start = 02:00 (also Tokyo opening time)
Box End = 10:00 (London opening time)
ADx Start = 19:00
ADX End = 02:00

Attached Image


Excel says box start time should be 01:00 but it's not right. Should be Box Start = 02:00 (also Tokyo opening time)
  • #285
  • Apr 18, 2016 1:48am Apr 18, 2016 1:48am
Didn't realise this could get so complicated. if my broker is GMT +3 then settings are box start 02:00, box end 10:00 that's simple but still unsure if we change the ADx start and end times to 19:00 and 02:00 - I'm guessing we do
  • #286
  • Apr 18, 2016 1:50am Apr 18, 2016 1:50am
I am with IC Markets.

So if my Box Start Time = 2:00
And my Box End Time = 10:00

What would i set my
ADX Start Time ?
ADX End Time ?

Would it be 2:00 and 10:00?

I am still confused why your ADX Start Time is 17:00
And your ADX End Time is 00:00
Should it no be the same as the Box Start and End times?
  • #287
  • Apr 18, 2016 2:42am Apr 18, 2016 2:42am
Quoting silversurfer
Didn't realise this could get so complicated. if my broker is GMT +3 then settings are box start 02:00, box end 10:00 that's simple but still unsure if we change the ADx start and end times to 19:00 and 02:00 - I'm guessing we do
That is my understanding about parameters, too. Currently London is at GMT + 1 which is called British Summer Time (as mentioned before).

During Daylight Saving Time (DST) many brokers have moved to GMT + 3 (from GMT + 2), incl. IC Markets.

The bottom line: When it is 10:00 AM at a GMT+3 broker (like ICM), it is 8:00 (GMT+1) in London.

ADX time settings should be adjusted accordingly.
  • #288
  • Apr 18, 2016 2:52am Apr 18, 2016 2:52am
Quoting MasterGuru
{quote} That is my understanding about parameters, too. BTW, during Daylight Saving Time (DST) many brokers have moved to GMT + 3 (from GMT + 2), incl. IC Markets.
Are you with IC Markets what are your settings
I put BOX START TIME 2:OO
BOX END TIME 10:00
OR SHOULD IT BE 3:00 AND 11:00
What did you put for the ADX Start and End times?
Should it it be 19:00 and 2:00
or 20:00 and 3:00
Since according to IC Markets the London open is at 10pm on their MT4 platform time witch is 11 GMT?
  • #289
  • Apr 18, 2016 3:27am Apr 18, 2016 3:27am
Okay, if London time is GMT+1 now than my timezone is GMT+3. Excel file LOndon opening time part is still wrong. (Not 11:00am for GMT+3)

My setting will be:

Box Start = 02:00
Box End = 10:00
ADx Start = 19:00
ADX End = 02:00
  • #290
  • Apr 18, 2016 4:10am Apr 18, 2016 4:10am
That's what I'm working off
  • #291
  • Edited 11:54pm Apr 18, 2016 5:16am | Edited 11:54pm
Quoting Paqe
Okay, if London time is GMT+1 now than my timezone is GMT+3. Excel file LOndon opening time part is still wrong. (Not 11:00am for GMT+3) My setting will be: Box Start = 02:00 Box End = 10:00 ADx Start = 19:00 ADX End = 02:00
Those were mine, too. (Having a dayjob I cannot test this strategy for now.)
  • #292
  • Edited 1:45pm Apr 18, 2016 1:01pm | Edited 1:45pm
Quoting Paqe
Okay, if London time is GMT+1 now than my timezone is GMT+3. Excel file LOndon opening time part is still wrong. (Not 11:00am for GMT+3) My setting will be: Box Start = 02:00 Box End = 10:00 ADx Start = 19:00 ADX End = 02:00
Page,

If your GMT+3 then Box start time will equal 10:00, like the spreadsheet states.

I'm GMT+3

States in the manual
Time - all times shown here are GMT, please remember that London market is GMT+1 in BST (British Summer Time) so the settings will need to be changed then. The box end time should ALWAYS be the time the London Forex Market opens, and all other time moved in relation to this
  • #293
  • Apr 18, 2016 1:35pm Apr 18, 2016 1:35pm
Quoting krager
{quote} Page, If your GMT+3 then Box start time will equal 10:00, like the spreadsheet states. I'm GMT+3 States in the manual Time - all times shown here are GMT, please remember that London market is GMT+1 in BST (British Summer Time) so the settings will need to be changed then. The box end time should ALWAYS be the time the London Forex Market opens, and all other time moved in relation to this {file}
I think the summer time what creates confusion. I live in GMT+2. London has summer time so we also. There is no difference. Still gmt+2 in here, always summer and winter time gmt+2. London opening is not 11.00 am in here, it's 10.00 am. But your excell file says 11.00 (GMT+3 column)

P.S: I'm waiting for the files, i didn't get an email after payment for trial. Could you check it please?
  • #294
  • Apr 18, 2016 1:45pm Apr 18, 2016 1:45pm
Quoting Paqe
{quote} I think the summer time what creates confusion. I live in GMT+2. London has summer time so we also. There is no difference. Still gmt+2 in here, always summer and winter time gmt+2. London opening is not 11.00 am in here, it's 10.00 am. But your excell file says 11.00 (GMT+3 column) P.S: I'm waiting for the files, i didn't get an email after payment for trial. Could you check it please?
Page, I'm waiting for you to send me your MT4 account number please. Please send direct to my e-mail [email protected]

The spreadsheet show 10.00 at GMT+3, please check screen shot
Attached Image (click to enlarge)
Click to Enlarge Name: time gmt+3.png Size: 174 KB
  • #295
  • Apr 18, 2016 1:48pm Apr 18, 2016 1:48pm
Hello. I'm on board. Waiting for the indicator and ea. Thanks
  • #296
  • Apr 18, 2016 1:48pm Apr 18, 2016 1:48pm
Can anyone please think of any easier way on how I can communicate to fellow traders on how they should adjust their times on the indicators and ADX depending on their GMT, day light saving etc?
  • #297
  • Apr 18, 2016 1:55pm Apr 18, 2016 1:55pm
I hope this clears things up on the Indicator time settings

Box End Time
When London opens at 08:00am (regardless of bristish summer time or normal GMT) make sure your box end time is at this time

Box Start Time
Is always 8 hours before the Box End Time

ADX End Time
Is always the same time as the Box Start Time

ADX Start Time
Is always 7 hours before the ADX Start Time

The EA Start Time 1 will always match the indicator Box Start Time
The EA End Time 1 will always match the indicator Box End Time
The EA Start Time 2 can be any setting
The EA End Time 2 can be any setting
  • #298
  • Apr 18, 2016 1:55pm Apr 18, 2016 1:55pm
I'm waiting too for the files.
  • #299
  • Apr 18, 2016 2:13pm Apr 18, 2016 2:13pm
Quoting Tamaziuk
I'm waiting too for the files.
I've just sent your over
  • #300
  • Apr 18, 2016 2:37pm Apr 18, 2016 2:37pm
Todays trades

Currently 21.3 pips in profit 1.43% account growth, still have NZDCHF buy trade open

CHFJPY closed for 7.3 pips profit
EURJPY closed for 14 pips profit

Both of these trades would of lost 45 pips each on set & forget
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