Forex Breakout Direction Indicator & EA v4 (Set & Forget)

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whats the right link bro? this one is deleted.

My mistake! Just setting up Myfxbook now, new accounts created to forward test (with traders on here)

The testing account was deleted as I was trying different settings, so the results did not match that of the finish system

Conservitive account set ready to trade

https://www.myfxbook.com/members/afk...bdi-v4/1664685

Aggressive account set ready to trade

https://www.myfxbook.com/members/afk...essive/1664689

Please keep looking back here for daily results

14 Day Trial of the Forex Breakout Direction Indicator is £2.49
14 Day Trial of the EA is £2.48

Both fully refundable if full product then purchased www.forexbreakout.co.uk

(Note the EA is not full Auto, you will need the indicator to show which pair / direction to trade. The EA "manages" your pending orders, take profit, stoploss and trailing stop / step, or you can use the EA is your own breakout system)

Here are my settings for this system, if your broker is 2 hours ahead of London

thanks for new version..

now you use h1 unstead of m30 i see.

in the manual you write that you dont trade when there is a news following after rangeend. in the old manual you didnt trade when there was news berfore rangeend.
how you make it?

and can you explain the difference from conservative and agressive account? i read the manual, but i am a little confused about agressive. ea trades both directions? when ocd is to true. please explain a little bit more

When trading with the indicator, especially on high signal strength, sometimes the pair turns direction on accelerates away from the main trend, so to take advantage of the high ADX reading, (which shows the pair is trending) the Aggressive system as been created to capture these trades.

So, the only difference is -

Standard FBDI v4 OCO = false
Aggressive FBDI v4 OCO = true

OCO means "One Cancels the Other" the EA will set pending orders BOTH side of the range, but will only trade in one direction. The direction that gets triggered first. The other pending order will be cancelled.

The danger is, that the breakout from in the opposite side of the signal could be a false breakout, or it could be a reversal point. Hence why this is in the aggressive system, bit riskier, but could capture more profits.

I was playing around with the idea of Aggressive trades regardless of the news too, but stayed away from this option.

There is no need to worry about news before the range, as the range is now set to 33% of the ADR, so if there was major news out for the pair, it possible would push range above 33% of the ADR for that day, which would automatically show NO TRADE

thanks for explain craig

why is in the ea adr priod 14 and in the indi adr period 20 ? have to be the same or not?

Where are you seeing this? The ADR should be 20 for the indicator and EA

Just seen, in my screen shot! I will get this changed to show 20

Today we are -

EURCHF SELL
EURUSD SELL

yes that what i mean

Today's trades broke over the 33% range max setting, which makes the trades invalid, however Human Error on my part today, I didn't set the range max on the EURUSD pair to 33% on the Aggressive account, which resulted in -117.5 pips , 1.66% account lost

tomorrow is a other day

No valid trades today. No trading GBP or USD pairs, no tight ranges apart from CADCHF but All Averages indicator is not solid colour

Today's valid set ups

No GBP, USD, CAD or NZD pairs

EURCHF SELL

I have eurjpy showing as a valid sell and eurchf has breached it's range for the day - anyone else have anything different?
EJ: http://screencast.com/t/A7pT8j3i
ECHF: http://screencast.com/t/WXagivYFJ

Could you do a screen print of those 2 charts Craig so I can compares, all these versions have created a bit of confusion I think.

few minutes before market opening, there are no valid trades for me

Hi Silver surfer

My charts look exactly the same. I had a valid sell set up on the EURJ and no trade on the EURCHF.

I've double checked by settings and they appear to be correct.