Forex Breakout Direction Indicator & EA v5 (Set & Forget)

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Looking forward to testing it on monday.

Thank you Krager for all your hard work.

Thanks Craig. Are the set up times for the box and entry time parameters still the same? Can I leave the EA on and go to bed at 11 pm EST (New York) time for example and be ok?

Thanks craig one more time

Yes the set up times for the box and entry time parameters are still the same. No change there

Will be sending this out late Thursday / Friday. All previous Forex Breakout Direction Indicator Traders will have v5 ready for next week!

Just updated the PDF in thread one, I've spotted a spelling mistake. It should state -

"You will need to install the two custom indicators -

FBDI v5.ex4
Daily Range PeterE.ex4"

PDF updated.

The license is based on account number, what if I want to forward test it first on Demo account then switching to live later?
Also what if I've multiple account and want to use this EA on all of them, should I buy license for each one of them?

Thanks

You can purchase the trial and request the license to be on a demo account number for MT4. If or when you purchase the full product, you can advise me of a different account number to be licensed too.

If you want to purchase multiple license, then please contact me directly at [email protected] to ask for a quote.

Many thanks

Craig
Away From Keyboard Forex
www.forexbreakout.co.uk

krager

what was the results today from V5?

This is a good example, of the new rules in v5 on "end of day trading"

Yesterday results at 22:30 (London time) was -69.3 pips, -0.21% account lost. Went into the overnight session with 2 active trades in a current minor lost.

This morning at 05:45 the two active trades was in profit, so immediately closed them for 122.3 pips banked, 0.64% account growth

So the grand total of yesterdays trading was 53 pips banked, 0.43% account growth

Now I will go into today's trading with a fresh set.

(If the 2 active trades was still in lost, this would of been left to trade during the day, to either hit TP or SL levels)

Logic of trading during the news

In the Forex Breakout Direction Indicator there is trading during the news allowed. I've studied other Set & Forget systems, which seems to follow the same method of thinking I've highlighted below.

I've chosen not to trade during bank holidays, due to low volatility and the US Non-Farm Payroll days, due to high spikes in volatility. Other then that, I'm trading in the news.

I believe, unless you are seriously into your economic figures, country's GBP etc, news trading is a 50/50 chance. I'm willing to accept a lost to make a gain.

If for example GBPUSD ADR = 100, then if we was trading and hit a loss, total pips lost would be 160 pips (4 x 40 pips SL). If news goes in our favour then total gain would be 200 pips (20, 40, 60, 80 TP's)

If we traded 10 times and hit 5 losses but won 5 times, total pip lost would = 800 pips, total pips won would = 1000 pips

This method is banking on a 50/50 chance.

If your uncomfortable trading in high news, then please feel free to exclude that pair from your days trading

Regards

Craig

Is 100% fully set and forget?

Hi,

I've purchased trial, but didn't receive anything ??? where is the EA ?

It can be. Please read the PDF downloadable on thread 1

Regards

Craig

Hi,

It does not auto download to you. I first need you to send me your MT4 account number, so I can then code and license your indicator or EA. This will then be sent to your e-mail address together with the PDF and template files

Regards

Craig
[email protected]

No active trades today. There was 5 valid trade set ups, however 4 broke the 66% ADR range limit. One trade went in the oppoiste direction, so it did not activate.

Today's results stays at 122.3 pips, 0.64% account growth.

Now working on sending the system out to v1,2,3,4 traders

Results so far this week
w/c 10.07.2016
Pips banked = 1433.8
Account growth = 7.07%

Results so far this month
July 2016
Pips gained = 5716.4
Account growth = 21.37%
​
Year to date results
2016
Pips gained = 5727.6
Account growth = 21.60%

Drawdown
8.79%

No longer result period like for jan 2016?

thanks

could you please send me the v5

i want study it remember i m a customer

Hi Krager

Have you emailed V5 yet? as I've not received mine.