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Forex Breakout Direction Indicator v3

  • #121
  • Apr 29, 2016 11:21am Apr 29, 2016 11:21am
Quoting braddock69
i idea maybe for next update for the ea: parameters for buystopp 1,2,3,4 and sellstopp 1,2,3,4 for each with true / false could be good to choose how many trades everyone want to make.. then we can leave all other parameters ( lot, %, tp and sl ) and have to choose only true or false.
I did look at this option, but created the EA as it is so that if you didn't want to trade order 3 or 4 then enter 0 for Lot, LOT %, TP & SL

Also if you only wanted to trade 1 lot for order 1 and 1 Lot for order 2, you could break this down to 2 x 0.50 lots etc

I will add this to the "wish list tho mate" it's all down to affordability vs cost vs value to edit EA

Regards
Craig
  • #122
  • Apr 29, 2016 11:38am Apr 29, 2016 11:38am
Quoting krager
{quote} That's what my programmer as informed me. The Indicator works from a ADX value, which I'm believing the ADX is calculated in a basic form of buying volume and selling volume (bit more into it then that) ...anyone correct me if I'm wrong? http://www.investopedia.com/ask/answ...at-formula.asp I'd rather not waste up this forum space on a debate of ADX tho...
If "Advanced ADX", i.e. Strength calculations were based partially on Volume Data, then it would be the best to run the Indicator (for entry signals) on an MT4 connected to one of the largest volume Forex brokers to get reliable data.
  • #123
  • Apr 29, 2016 11:47am Apr 29, 2016 11:47am
Quoting MasterGuru
{quote} If "Advanced ADX", i.e. Strength calculations were based partially on Volume Data, then it would be the best to run the Indicator (for entry signals) on an MT4 connected to one of the largest volume Forex brokers to get reliable data.
Interesting xm.com (my broker) do very well at these reviews!
  • #124
  • Apr 29, 2016 5:33pm Apr 29, 2016 5:33pm
I didn't trade last night - Aussie time - but did a review andhad a different outcome to other members.
Short setups were: audjpy 90% paid, nzdjpy 100% hit sl, usdchf 100% paid
Longs: euraud 70% paid, eurusd 90% paid, gbpaud 70% paid, gbpusd hit sl
The point is we are all going to have different trading results because we will all have slightly different trading psyches
  • #125
  • Apr 29, 2016 8:52pm Apr 29, 2016 8:52pm
The "Set and Foreget" approach does not seem to be working out too well: -9% with -18% max. DD (and -524 pips) over the past 4 days:

https://www.myfxbook.com/members/afk...rex-sf/1603191

Somewhat discouraging facts, especially on top of the $50/month signal provider and the $25/month SignalStart fees... Of course, payable upfront...
___________________________________________________________________

In contrast, the manually adjusted strategy has much better results with much smaller DD (51% profit in less than 1 month with max. -14% DD)...

So here comes the logical questions: Why not switching the "Set and Forget" signals to the manually adjusted version...??
  • #126
  • Apr 30, 2016 3:13am Apr 30, 2016 3:13am
Quoting MasterGuru
The "Set and Foreget" approach does not seem to be working out too well: -9% with -18% max. DD (and -524 pips) over the past 4 days: https://www.myfxbook.com/members/afk...rex-sf/1603191 Somewhat discouraging facts, especially on top of the $50/month signal provider and the $25/month SignalStart fees... Of course, payable upfront... ___________________________________________________________________ In contrast, the manually adjusted strategy...
Good point, I was actually thinking the same. I think the big difference is that the manual system results have been recorded over a month compared to the S&F recorded over a week only, and that was a poor week...S&F over the same timeframe would have maybe given better results, you see what I mean
  • #127
  • Apr 30, 2016 3:21am Apr 30, 2016 3:21am
And I agree, maybe wiser to switch the signal to the manual one until we get a clearer picture of the S&F results and behavior compared to the manual system.
Craig, what's your opinion on this?
  • #128
  • Apr 30, 2016 3:33am Apr 30, 2016 3:33am
The Trade Copier has been set up on my Set & Forget system for a few reasons-

1. Puts you in control, you can still access the Whatsapp service and manually close when you need, or when I do, or group does
2. The S&F whilst only been officially started recording this week, it has performed better over March then the manual system

I reckon we are looking at a 1000 pips a month system with the Manual. In week 2 of this setting this up, S&F made 900 pips in two days if we would lf traded the system then!. On those results which sparked the official documentation on the results
  • #129
  • Apr 30, 2016 3:47am Apr 30, 2016 3:47am
Hello Craig, I've emailed you
  • #130
  • Apr 30, 2016 4:00am Apr 30, 2016 4:00am
Quoting krager
The Trade Copier has been set up on my Set & Forget system for a few reasons- 1. Puts you in control, you can still access the Whatsapp service and manually close when you need, or when I do, or group does 2. The S&F whilst only been officially started recording this week, it has performed better over March then the manual system I reckon we are looking at a 1000 pips a month system with the Manual. In week 2 of this setting this up, S&F made 900 pips in two days if we would lf traded the system then!. On those results which sparked...
Thanks for the clarification Craig!
  • #131
  • Apr 30, 2016 4:04am Apr 30, 2016 4:04am
Results from yesterday, this week, month and year to date (31.03.16)

Manual System 31.03.16
Yesterday -189.7 pips -4.65% account loss
This week - 210.5 pips -4.05% account loss
This month +1050.8 pips +47.99% account growth
This year +1108.2 pips +51.41% account growth
https://www.myfxbook.com/members/afk...kforex/1603193

Set & Forget System 25.04.16
Yesterday -189.6 pips -4.68% account loss
This week - 524.6 pips -9.09% account loss
https://www.myfxbook.com/members/afk...rex-sf/1603191

Oil Trader 25.04.16 (Demo Account)
This week +28 pips 0.56% account growth
https://www.myfxbook.com/members/afk...ex-oil/1606332
  • #132
  • Apr 30, 2016 5:37am Apr 30, 2016 5:37am
All results updated on website and on results tracker

http://www.forexfactory.com/showthre...70#post8901470

www.forexbreakout.co.uk
  • #133
  • May 1, 2016 9:45am May 1, 2016 9:45am
Anybody in here using a real account with Craig's system? Can you please broker's name, account type and deposit (to understand money management). I'm confused about brokers. In my country leverage is 1:25, and i don't know that how i can trade with Craig's system and this small leverage (margin is problem)
  • #134
  • May 1, 2016 9:47am May 1, 2016 9:47am
Quoting Paqe
Anybody in here using a real account with Craig's system? Can you please broker's name, account type and deposit (to understand money management). I'm confused about brokers. In my country leverage is 1:25, and i don't know that how i can trade with Craig's system and this small leverage (margin is problem)
Page,

Are you saying your country only allows you to select brokers with a 1.25 leverage?
  • #135
  • May 1, 2016 9:48am May 1, 2016 9:48am
Just to advise, no trading on Monday, as it's a National Bank Holiday here in the UK
  • #136
  • May 1, 2016 10:03am May 1, 2016 10:03am
Quoting Paqe
Anybody in here using a real account with Craig's system? Can you please broker's name, account type and deposit (to understand money management). I'm confused about brokers. In my country leverage is 1:25, and i don't know that how i can trade with Craig's system and this small leverage (margin is problem)
Never seen less than 1:200 here in the UK and with any decent broker unless you hold a big account like 50k/100k USD/eurg/gbp...Where are you based, what's your broker? 1:25 leverage is likely a misunderstanding, unless you are in the US?
  • #137
  • Edited 12:28pm May 1, 2016 10:05am | Edited 12:28pm
Oil Trader rules and information to be released in a few weeks
  • #138
  • May 1, 2016 10:15am May 1, 2016 10:15am
Quoting krager
{quote} I've just read, the Turkish government have enforced this (1:25) rule to stop traders losing all their money
Probably a wise decision... as 95% (if not 98%) of retail trades EVENTUALLY end up losing funds, i.e end up with less money than invested.
  • #139
  • Edited 12:27pm May 1, 2016 10:20am | Edited 12:27pm
www.forexbreakout.co.uk

Remember order before 13th May 2016 as a new pricing structure starts on 14.05.16
  • #140
  • May 1, 2016 10:31am May 1, 2016 10:31am
Quoting krager
{quote} I've just read, the Turkish government have enforced this (1:25) rule to stop traders losing all their money
Yes Craig, just like that. MasterGuru said that wise decision but i can't test a strategy on live account with this leverage. There is no cent account in here. On the other hand funds and withdraw are easy for me, same day, no webmoney or skrill, no commission, no limit. I'm looking at foreign brokers, funs and wtihdraw too complicated. I just want to test new systems on live account but my head is confused.
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