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Box Breakout indicator 197 replies

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4H Box Breakout

  • #5,461
  • Feb 17, 2017 11:00am Feb 17, 2017 11:00am
Attached Image (click to enlarge)
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  • #5,462
  • Feb 18, 2017 2:41am Feb 18, 2017 2:41am
It was not a good week for GBPJPY, but 2017 still is profitable:
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  • #5,463
  • Feb 18, 2017 4:26pm Feb 18, 2017 4:26pm
I feel like this system could be profitable if you only play 1 side, and not both. Perhaps short if it has been really overbought, or buy if it has been an extended oversold. 1 week you may be having 300+ pips, where as the other is a wash out. But playing both sides seems like it will be a tragic in the long run.
  • #5,464
  • Feb 19, 2017 9:30am Feb 19, 2017 9:30am
Do you have ea of this system. can anyone share this system ea.
MA provides the market's current direction and strength.
  • #5,465
  • Feb 19, 2017 9:39am Feb 19, 2017 9:39am
Quoting hasib
Do you have ea of this system. can anyone share this system ea.
You are ignorant hasib,

You expect people to join your skype group to get indicators, now you want him to give you the EA for free?


MUHAHAHHAHAHAHAHHAHAAHA WHAT A MORON!!!
  • #5,466
  • Feb 19, 2017 11:55am Feb 19, 2017 11:55am
Quoting Ace284
I move stop to BE after 1x has been hit. Risk Management (to find out your position size) (Account Balance * Risk percent)/Stoploss = mini lot size Advantages - 30 mins a week - no worrying about charts filled with indicators - higher reward than risk on EACH trade - easy to back test Important: Probability Q&A (thanks to fxann) Indicators below, thanks to fx2248 for your help. Feedback would...
I don`t think 30 minutes a week is possible because you will need to manually move your stop to break even as soon as 1x is attained. This usually requires your attention.So, it is not a set and forget strat.
  • #5,467
  • Feb 19, 2017 11:57am Feb 19, 2017 11:57am
Quoting hibra68
{quote} You are ignorant hasib, You expect people to join your skype group to get indicators, now you want him to give you the EA for free? MUHAHAHHAHAHAHAHHAHAAHA WHAT A MORON!!!
Lol!
  • #5,468
  • Feb 19, 2017 11:59am Feb 19, 2017 11:59am
Quoting cyguy
I feel like this system could be profitable if you only play 1 side, and not both. Perhaps short if it has been really overbought, or buy if it has been an extended oversold. 1 week you may be having 300+ pips, where as the other is a wash out. But playing both sides seems like it will be a tragic in the long run.
Yes, most box breakout systems would be profitable if they were traded only on one side.
  • #5,469
  • Feb 20, 2017 2:28am Feb 20, 2017 2:28am
Gj moving nicely
  • #5,470
  • Feb 26, 2017 3:51pm Feb 26, 2017 3:51pm
So this week I managed to close near the top for +$925.00
I did not take the sell as I deleted it Friday morning.
So since Jan 16 2017 I have made $4136.00 trading this way. It should have been larger as I have started closing trades that reach +$1000.00. LOt size 1.00
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr box.jpg Size: 61 KB
  • #5,471
  • Feb 26, 2017 4:02pm Feb 26, 2017 4:02pm
[quote=cfudge;9600711]So this week I managed to close near the top for +$925.00 I did not take the sell as I deleted it Friday morning. So since Jan 16 2017 I have made $4136.00 trading this way. It should have been larger as I have started closing trades that reach +$1000.00. LOt size 1.00 {image}[/quote Did you enter at the breakout the 140. 630 ?
  • #5,472
  • Feb 26, 2017 4:21pm Feb 26, 2017 4:21pm
Hi Dexterous
Yes I entered at the BOX HIGH 140.630.
The yellow line is where I got out not the red...
  • #5,473
  • Feb 26, 2017 4:28pm Feb 26, 2017 4:28pm
Quoting cfudge
So this week I managed to close near the top for +$925.00 I did not take the sell as I deleted it Friday morning. So since Jan 16 2017 I have made $4136.00 trading this way. It should have been larger as I have started closing trades that reach +$1000.00. LOt size 1.00 {image}
Let's enter again as the week starts today.
  • #5,474
  • Feb 27, 2017 12:04pm Feb 27, 2017 12:04pm
Getting set
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  • #5,475
  • Feb 27, 2017 4:28pm Feb 27, 2017 4:28pm
I'm in...SL @ 61.8 fib of blue box other green line is SL for sells
Attached Image

Dexterous you should download Clipnet2 for screen grab
  • #5,476
  • Mar 5, 2017 4:04pm Mar 5, 2017 4:04pm
So could have closed two buy trades at around $300.00 each ....but,,,,,did not.
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  • #5,477
  • Mar 5, 2017 4:29pm Mar 5, 2017 4:29pm
Quoting cfudge
So could have closed two buy trades at around $300.00 each ....but,,,,,did not. {image}
Pls what are the other indicators on your chart, the blue zone and the lines on and under the zone.. Pls share. Thanks
  • #5,478
  • Mar 5, 2017 7:30pm Mar 5, 2017 7:30pm
Quoting dexterous
{quote} Pls what are the other indicators on your chart, the blue zone and the lines on and under the zone.. Pls share. Thanks
Hi Dexterous
Actually I put those there using rectangle tool and horizontal lines
  • #5,479
  • Mar 9, 2017 9:39pm Mar 9, 2017 9:39pm
Quoting cfudge
So this week I managed to close near the top for +$925.00 I did not take the sell as I deleted it Friday morning. So since Jan 16 2017 I have made $4136.00 trading this way. It should have been larger as I have started closing trades that reach +$1000.00. LOt size 1.00 {image}

I just update my meta trader 4 build 1045 (updated February 3rd 2017) but I have no display of the indicators in my main window. would you like to share the indicator which work for latest meta traders build version?

note: I just did a back test for this breakout system for last 4 weeks, and still works well. yesterday I re-install the meta trader due to some windows error and then I find these error appears. please help.

Thank you.
  • #5,480
  • Mar 9, 2017 9:59pm Mar 9, 2017 9:59pm
Hi Pipin Tio
I am using indicator from post #1
Just tried it on a new chart works fine
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