To my understanding, your entry is on break (high or low) of bar, which closes outside range. This basically gives the set up a 1:1, R:R, taking into account spread & slippage created due to entry some pips from actually BO.
To those waiting for indicator, either figure out the times and draw your own box, or find indy that marks up times of day. My fave is called "i-Sessions". And MT4 has fibo onboard. Just add other levels, as you need them.
hi
i found this ea many years ago. its similar to this strategy. i have added two indicators to find the trend(can be disabled).
if anyone optimize it.
Hello EZ. Thanks for sharing. To my understanding, your entry is on break (high or low) of bar, which closes outside range. This basically gives the set up a 1:1, R:R, taking into account spread & slippage created due to entry some pips from actually BO. To those waiting for indicator, either figure out the times and draw your own box, or find indy that marks up times of day. My fave is called "i-Sessions". And MT4 has fibo onboard. Just add other levels, as you need them. No free lunch. Work is Required! {file}
Ignored
thank you for the indicator
i just want trader to understand this system first,rather than waiting for the indicator.
R:R
TP:SL
1.2:1(roughly)-minimum
hi i found this ea many years ago. its similar to this strategy. i have added two indicators to find the trend(can be disabled). if anyone optimize it. {file}
There was a chance to beautiful TP1 but i moved my SL in profit to early and price hit my SL and after that go to TP1.
I'm still in profit but could be better
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