Forex Breakout Direction Indicator v3

the tp levels to calculate with the rangebox is a very good idea... i traded manual a lot of times breakouts and i taked the tp sometimes the range from the box... so you can calculate when range for example is 50 pips the tp3 for the 50 pips tp4 you can make higher and tp1 and 2 you can make x % from the box...

Off topic, not related to Forex Breakout Direction Indicator

I've just think I've found another edge on the market, which involves trading on the daily frame, however trades need to be placed at the start of the day i.e when new daily candle starts.

Does anyone have a free EA that would enable me to assist to test this system? I would like the EA to do the following

I place order then then the EA automatically will place 3 a buy or sell trades, sets the Stoploss below the previous candle and sets the TP at
Order 1 R/R 1:1
Order 2 R/R 1:2
Order 3 R/R 1:3

With a moving stop, i.e once TP1 hit moves to breakeven, TP2 moves to TP1 level etc

I can get this created, I just wanted to start this week (tomorrow) testing this idea!

Todays trades

Valid set-ups are taken from 30 min chart and 1 hour chart i.e they much both be 70% on strength and in same direction

AUDCAD SELL
AUDUSD SELL
CADCHF BUY
GBPAUD BUY
GBPCHF BUY
NZDCAD SELL
USDCHF BUY

I will testing two different v4 approachs today, I wil updates results at end of day

End of day trading results

A great day today, all orders left as set & forget, then manually closed any active orders at 7pm London time

3.47% account growth with 198.4 pips banked

NZDCAD 7.6 pips
GBPCHF 154.2 pips
CADCHF 19.4 pips
USDCHF 17.2 pips

So far this month
3.51% account growth 361.2 pips banked

So far this year (starting 31.03.16)
56.73% account growth 1469.6 pips banked

Results on MyFXBook.com https://www.myfxbook.com/members/afk...kforex/1620427

Get your 14 day trial of the Forex Breakout Direction Indicator now at www.forexbreakout.co.uk

what do you think v4 is ready?

I'm aiming for the end of this month

Trade Copier Service now set up, using my own main account

$50 per month (plus $25 payable to Signal Start)

http://www.signalstart.com/analysis/...indicator/6324

o.k. i'm gonna try it again!

Today's trades are

AUDCAD SELL
AUDCHF SELL
CADCHF SELL
CADJPY SELL
EURCAD SELL
USDCAD SELL
USDCHF BUY
USDJPY BUY

All showing signal strength of 70% plus on 30 mins chart AND 1 hour chart
Range, Take Profit, Stoploss and Trailing Stop / Step all set on Average Daily Range of 100 days

AUDCAD - Range too big, no trade
AUDCHF - Range too big, no trade

Away From Keyboard Forex branded trade copier service

http://afk.signalstart.com/login

Away From Keyboard Forex Breakout Direction Indicator Facts

- Trading this system myself since March 2015
- Trading this system live to public since 31.03.16
- 23 trading days so far, 18 profit days, 5 losing days
- Current profit factor 1.57
- 56.47% account growth so far
- Average 1.1% daily account growth
- Drawdown at 14.82%
- 61% of Buy trades won
- 73% of Sell trades won
- Total of 68% trades won
- 1469.4 pips banked since 31.03.16
- Trades on all forex pairs with a spread with 10 pips or less
- Introduction prices ends soon
- Current pricing structure changes to USD$ on 14.05.16
- Indicator, EA and Trade Copier services all available
- Free Whatsapp support service for all current customers
- No hard sell
- This is NOT a get rich quick system
- For genuine honest customers only
- Free updates / support for life for full product customers

Info on MyFXbook.com
https://www.myfxbook.com/members/afk...kforex/1620427

www.forexbrekout.co.uk

Yesterday was a losing day, but leaving the USDCAD trade overnight as stoploss was locked in at breakeven gained back 198.8 pips today

This see us trade this week at -42 pips, 120 pips banked for May, 1229 pips banked year to date (since 31.03.16)

Lets see what Fridays brings, to hopefully bank some pips for this week...

Been off work today, so been looking back on all winning trades of good size pips (90+) posted here on Forex Factory from this thread and the original Forex Breakout Direction Indicator thread

Looking back at the charts of those winning trades, they all (85%) have something in common

They look like this....

winning set ups.png

We was not using the multi time frame EMA back then, and only use if a few times in current trading, but today has proven to me the value this indicator has

We may get less signals, but I do believe they will be more accurate...

I urge all traders, even before I officially release v4 only trade with these set ups-

70+ signal strength on Forex Breakout Direction Indicator on the 30 min chart
EMA's from the All Averages Indicator are above the range box for SELL trades and below for BUY trades

EMA Indicator and my template attached

(ATR Daily Range Indicator also attached, which will be used for v4 rules)

v4 Indicator and EA is being developed, so soon as it has been checked for bugs / errors, this will be released to my customers, together with updated PDF rules

and here is the paket again i use too to see ema sma from higher tf

its ema 20, 50, 100 200 and sma 20, 50 100, 200 from higher tf too see in m30 chart for example

when someone like to use it, here is it

Two valid trades today AUDJPY and CHFJPY both did not activate

FBDI v4 EA delivered, few niggles so sent back...will be ready to send out soon

Craig

thanks, hope v4 comes soon.

it looks like it traded off a news announcement this morning on the US session at 8:30. It sold at the bottom of the spike, then it reversed and stopped out!
Why would you trade on high impact news? This was on the Eur/usd. Another loss. Paris

Sorry. Lesson learnt. I've traded on major news pairs before and been ok.

Going forward I will play it safe, no trading on any pairs with major news. Will mean less signals, but safer