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

  • #241
  • Oct 23, 2016 2:20am Oct 23, 2016 2:20am
Results updated

w/c 16.10.2016
Pips banked = -498.0
Account growth = -3.99%

Year to date
Pips banked = 7948.3
Account growth = 48.23%

Drawdown = 18.77%

Results validated via myfxbook.com https://www.myfxbook.com/members/afk...-v5-1h/1704252

------------------------------------ --------------------------------------------------------------------------
47 Traders using the Forex Breakout Direction Indicator & EA
4 Traders currently testing via 14 day trial
3 Trader using the Trade Copier Signal Service (USD$30) via http://afk.signalstart.com/login
22 Traders on the Whatsapp service
--------------------------------------------------------------------------------------------------------------
  • #242
  • Oct 23, 2016 2:32am Oct 23, 2016 2:32am
Quoting krager
EA Update I'm looking to update the FBDI EA. Can I please have some feedback and a "wish list" to what you would like to see in the next updated EA. Please bear in mind, not everyone's wishes will get used, however, if it adds value to the system and my trading style I will defo consider it So far the next EA will - 1. Take trade direction from the indicator 2. Auto calculate the 4% of the ADR for the buffer 3. Take the TRADE or NO TRADE from the indicator 4. Start trailing stop after TP1/2/3 hit Any others?? Regards Craig Away From Keyboard Forex...
That pretty much wraps it up, EA should be doing all the math

This will eliminate mistakes with the NO TRADE option, save time & mistakes with the EA calculating 4% for each pair, and much easier as no need to select the Buy or Sell setting.

I assume that back testing has proven using ADR of 20 days is best?

I know I have been looking at 120 days in my own analysis due the recent volatility. This has pros & cons of course

Good trading to all
It takes a lot for me to IGNORE you, but you can try.
  • #243
  • Oct 23, 2016 2:40am Oct 23, 2016 2:40am
Quoting Erebus
{quote} That pretty much wraps it up, EA should be doing all the math This will eliminate mistakes with the NO TRADE option, save time & mistakes with the EA calculating 4% for each pair, and much easier as no need to select the Buy or Sell setting. I assume that back testing has proven using ADR of 20 days is best? I know I have been looking at 120 days in my own analysis due the recent volatility. This has pros & cons of course Good trading to all
I was thinking the same thing yesterday mate....maybe due to Brexit that a increased ADR would benefit the system!

There was much debate in v1,2,3 as to use ADR of 7, 10, 20, or 100 i chosen 20 as it seems right of my system.

Regards
Craig
  • #244
  • Oct 26, 2016 2:39pm Oct 26, 2016 2:39pm
No valid trades today
  • #245
  • Oct 27, 2016 3:13pm Oct 27, 2016 3:13pm
Today's results, with updated week, month and year to date results

27.10.2016
Pips banked = 203.0
Account growth = 2.23%

w/c 23.10.2016
Pips banked = -45.7
Account growth = -1.06%

October 2016
Pips banked = -543.7
Account growth = -5.01%

2016
Pips banked = 7602.6
Account growth = 46.66%

Drawdown = 18.77%

Results validated via myfxbook.com https://www.myfxbook.com/members/afk...-v5-1h/1704252

------------------------------------ --------------------------------------------------------------------------
47 Traders using the Forex Breakout Direction Indicator & EA
4 Traders currently testing via 14 day trial
3 Trader using the Trade Copier Signal Service (USD$30) via http://afk.signalstart.com/login
22 Traders on the Whatsapp service
--------------------------------------------------------------------------------------------------------------
  • #246
  • Oct 27, 2016 7:04pm Oct 27, 2016 7:04pm
Quoting krager
{quote} I was thinking the same thing yesterday mate....maybe due to Brexit that a increased ADR would benefit the system! There was much debate in v1,2,3 as to use ADR of 7, 10, 20, or 100 i chosen 20 as it seems right of my system. Regards Craig
Sounds good
  • #247
  • Oct 28, 2016 2:58pm Oct 28, 2016 2:58pm
Todays results 28.10.2016
Pips banked = -72.6
Account growth = 0.23%

w/c 23.10.2016
Pips banked = -118.3
Account growth = -0.83%

October 2016
Pips banked = -616.3
Account growth = -4.79%

Year to date
2016
Pips banked = 7530.0
Account growth = 47.0%
  • #248
  • Oct 30, 2016 12:44pm Oct 30, 2016 12:44pm
Website updated. One more trading day of October, then a start to a new month!

www.forexbreakout.co.uk
  • #249
  • Nov 1, 2016 5:05am Nov 1, 2016 5:05am
A Update : The Story So Far

It's a fact, trading, no matter what system, indicator or EA your using at the moment is hard. The Forex market is difficult at the best of times, but the last 8 weeks have been extremely hard due to the Brexit and pending US election on the 8th November.

The Forex Breakout Direction Indicator System made some great gains in July, August and September and now had our first losing month in October. While I accept loses, which are apart of forex trading, I've been looking at how I can make the system even better.

The current v5 system is good, but I believe it can be better. Targets 3 and 4 are key to gaining mega growth to this system, so I've been looking at different ways in order to squeeze more pips out of this system, to limit the losing days and enjoy the winning days.

I can confirm that v6 is now in development, which should be ready in 2 weeks time. I will still be trading the v5 system, along side of the new v6 system to see a like for like results. If all being well, v6 will launch on 01/01/2017.

If v6 is proven at better results, then all full paying customers of the v5 will get the v6 system automatically on the 01/01/2017 or before then if you want, by request.

I will be publishing results for both systems on here and whatsapp

There was a few different rules and extra filter for the v6 system. The stoploss and take profit values are calculated differently. The EA on the v6 system is also a better calculated, so that it make the trading easier. All you need to do is input your brokers spread. The EA will do the rest.

I will keep you all updated.

Cheers for now

Craig
Away From Keyboard Forex Limited
www.forexbreakout.co.uk
  • #250
  • Nov 1, 2016 5:50am Nov 1, 2016 5:50am
great Craig, many thanks for the work
  • #251
  • Nov 1, 2016 4:46pm Nov 1, 2016 4:46pm
No trades today.
  • #252
  • Nov 1, 2016 5:13pm Nov 1, 2016 5:13pm
Quoting krager
No trades today.
But CHF-JPY would have been great

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-02_8-10-12.png Size: 63 KB
It takes a lot for me to IGNORE you, but you can try.
  • #253
  • Nov 1, 2016 5:35pm Nov 1, 2016 5:35pm
Quoting Erebus
{quote} But CHF-JPY would have been great {image}
Hindsight is always 100% correct!

Too much news today, plus Bank of Japan was making lots of announcements today, plus with the Asian range lower then yesterdays Asian range, I'd thought I play it safe.
  • #254
  • Edited 1:23pm Nov 4, 2016 1:08pm | Edited 1:23pm
After a first slow week in November, we had out first orders active today, short on EURGBP and lonh on GBPAUD

Pips banked = 322.6
Account growth = 2.19%

Monthly, and year to date results updated on web site and on post one of this thread.

Regards
Craig
Away From Keyboard Forex Limited
www.forexbreakout.co.uk
  • #255
  • Nov 10, 2016 2:49pm Nov 10, 2016 2:49pm
After a slow week of trading, due to the US election, todays signals gave us a great result!

Thursday 10.11.2016
Pips banked = 1074.4
Account growth = 11.52%

Results verfied on myfxbook.com https://www.myfxbook.com/members/afk...-v5-1h/1704252

All taken taken with the Forex Breakout Direction Indicator & EA

www.forexbreakout.co.uk
  • #256
  • Nov 13, 2016 9:23am Nov 13, 2016 9:23am
Results updated 13.11.2016 @ 15:20
Started 19/06/16

All results verified by myfxbook.com https://www.myfxbook.com/members/afk...-v5-1h/1704252

Weekly
w/c 06.11.2016
Pips banked = 1074.4
Account growth = 11.52%

w/c 30.10.2016
Pips banked = -196.4
Account growth = -3.82%

w/c 23.10.2016
Pips banked = -118.3
Account growth = -0.83%

w/c 16.10.2016
Pips banked = -498.0
Account growth = -3.99%

01.10.2016 - 15.10.2015 no trading, on annual leave

w/c 25.09.2016
Pips Banked = -336.9
Account growth = -5.95%

w/c 18.09.2016
Pips banked = 484.7
Account growth = 8.38%

w/c 11.09.2016
Pips banked = 889.3
Account growth = 9.02%

w/c 04.09.2016
Pips banked = -121.0
Account growth = -2.34%

w/c 28.08.16
Pips banked = 1042.9
Account growth = 7.27%

w/c 21.08.16
Pips banked = -92.8
Account growth = -2.11%

w/c 14.08.16
Pips banked = -135.8
Account growth = -1.91%

w/c 07.08.16
Pips banked = 1830.3
Account growth = 15.59%

w/c 31.07.16
Pips banked = -191.9
Account growth = 1.21%

w/c 24.07.16
Pips banked = 687.9
Account growth = 4.44%

w/c 17.07.16
Pips banked = -650.9
Account growth = -1.58%

Monthly
Novemeber 2016
Pips banked = 1397.0
Account growth = 13.96%

October 2016
Pips banked = -1135.3
Account growth = -10.4%

September 2016
Pips banked = 951.8
Account growth= 5.77%

August 2016
Pips banked = 2413.0
Account growth = 23.65%

July 2016
Pips banked = 5225.3
Account growth = 17.84%

June 2016
Pips banked = -101.5
Account growth = 2.20%

Yearly
2016
Pips banked = 8408.0
Account growth = 57.67%

Drawdown
20.48%

------------------------------------ --------------------------------------------------------------------------
48 Traders using the Forex Breakout Direction Indicator & EA
2 Traders currently testing via 14 day trial
3 Trader using the Trade Copier Signal Service (USD$30) via http://afk.signalstart.com/login
23 Traders on the Whatsapp service
--------------------------------------------------------------------------------------------------------------
  • #257
  • Nov 13, 2016 1:00pm Nov 13, 2016 1:00pm
For the traders that want to have the security of eBay protection, the Forex Breakout Direction Indicator is now available for sale on eBay

http://www.ebay.co.uk/itm/2016924103...84.m1555.l2649

http://www.ebay.co.uk/itm/2016998189...84.m1555.l2649
  • #258
  • Nov 14, 2016 1:36pm Nov 14, 2016 1:36pm
Handy little new features on v6...

1. The Forex Breakout Direction Indicator will now tell you

Your PC system time
London time
Your broker MT4 time

Then advise you what your indicator +/- offset should be!

2. Also when there is a NO TRADE it will show a red X or a green tick for a TRADE signal

3. The ADR 4% is auto calculated, plus you can set your own buffer (i.e 5%, 6% etc)

4. The EA will trade from the info of the indicator! Plus you can set your own trend strength setting if you wish
Attached Image (click to enlarge)
Click to Enlarge Name: v6.png Size: 40 KB
  • #259
  • Nov 14, 2016 3:40pm Nov 14, 2016 3:40pm
Quoting krager
Handy little new features on v6... 1. The Forex Breakout Direction Indicator will now tell you Your PC system time London time Your broker MT4 time Then advise you what your indicator +/- offset should be! 2. Also when there is a NO TRADE it will show a red X or a green tick for a TRADE signal 3. The ADR 4% is auto calculated, plus you can set your own buffer (i.e 5%, 6% etc) 4. The EA will trade from the info of the indicator! Plus you can set your own trend strength setting if you wish
SWEET, looking pretty good !!!

It takes a lot for me to IGNORE you, but you can try.
  • #260
  • Nov 14, 2016 5:33pm Nov 14, 2016 5:33pm
Hello Krager and all! I usualy trade breakouts and this is why I have read all pages of this topic, because I am interested in an automatical breakout trading system. It looks like you have done a good job here. I have seen your losing month. I think is inevitable to have losing months in forex and I also think that to much filtering of your entries will result in a curve fitting system that will eventualy ruin your core system that at the momment works just fine.
I have searched the internet to see how some serious and pro traders implement their trading ideas into EAs and I have found a very good book of Daniel Pinto. Daniel Pinto have also 2 websites and one blog. I will attach his book here. You can also visit his websites. Daniel Pinto have developed an EA called Watukushay FE (For Everyone).
I think it would also be beneficial for you to read how other guys have implemented the take profit and SL:
http://www.fxtradermagazine.com/trad...rex-market.php

Most of the time a trend starts with a breakout from a range, so, if you manage to do this it means your EA is not only a breakout EA but also a trend following EA this means you have to optimize the targets and not the entries because as far as I see your entries are good. Also, you should see if you can better define the range in order for your EA to make a smarter decision regarding the range.
I am looking forward for a feedback from you and I hardly wait too see if you can improve your EA because I want to use it!

Regards!
Attached File(s)
File Type: zip Daniel Pinto - Automated Trading in the Forex Market.zip   1.7 MB | 737 downloads
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