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Simple Breakout System By Zach

  • #301
  • Jun 19, 2017 2:12am Jun 19, 2017 2:12am
Quoting Gemmafx
{quote} The same for UJ

yup.agreed!!!!
  • #302
  • Jun 19, 2017 2:17am Jun 19, 2017 2:17am
GJ now a buy.
Plan, Patience, Profit
  • #303
  • Jun 19, 2017 2:18am Jun 19, 2017 2:18am
Quoting Gemmafx
{quote} The same for UJ
UJ confirmed M15 is BO
  • #304
  • Jun 19, 2017 2:19am Jun 19, 2017 2:19am
Quoting ErollZach
GBPCHF Progress {image}


Hi EZ, I just read your thread from page 1 just now.

https://www.forexfactory.com/attachm...9&d=1496735837
From this setup, didn't your position hit SL first at 50% Fibonacci?
  • #305
  • Jun 19, 2017 2:36am Jun 19, 2017 2:36am
Quoting kalawe
GU BO
GU Hit TP

Quoting kalawe
GJ BO
GJ no hit TP yet but closed by trailing stop.

Attached Image (click to enlarge)
Click to Enlarge Name: profit.jpg Size: 39 KB
  • #306
  • Jun 19, 2017 2:43am Jun 19, 2017 2:43am
Quoting positivezero
{quote} Hi EZ, I just read your thread from page 1 just now. https://www.forexfactory.com/attachm...9&d=1496735837 From this setup, didn't your position hit SL first at 50% Fibonacci?

There are 2 types of STOPLOSS

1.AGGRESSIVE STOPLOSS
2.CONSERVATIVE STOPLOSS

TP/SL/BE CAN BE ADJUSTED TO SUIT U
  • #307
  • Jun 19, 2017 3:06am Jun 19, 2017 3:06am
AU hit TP2
  • #308
  • Jun 19, 2017 3:25am Jun 19, 2017 3:25am
Hi EZ,
Can you see if this is what I should be looking for please.
Simple & very clear method. Thx.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ_15min_b_out_19june.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 19_june_strength_meter.png Size: 15 KB
  • #309
  • Jun 19, 2017 3:35am Jun 19, 2017 3:35am
Quoting binnie
Hi EZ, Can you see if this is what I should be looking for please. Simple & very clear method. Thx. {image} {image}

marvelous!!!!
  • #310
  • Jun 19, 2017 3:55am Jun 19, 2017 3:55am
EJ and UJ hit SL...
If it's important to you, you'll find a way. If not, you'll find an excuse
  • #311
  • Jun 19, 2017 5:19am Jun 19, 2017 5:19am
Gemmafx,

It's not a good idea to take a buy trade just under the USDJPY daily 200EMA.

For that reason alone I would have ignored that breakout. Use a MTF moving average indicator to inform you better.
  • #312
  • Jun 19, 2017 5:25am Jun 19, 2017 5:25am
Quoting voyager2
Gemmafx, It's not a good idea to take a buy trade just under the USDJPY daily 200EMA. For that reason alone I would have ignored that breakout. Use a MTF moving average indicator to inform you better.
Thank you Voyager
If it's important to you, you'll find a way. If not, you'll find an excuse
  • #313
  • Jun 19, 2017 6:22am Jun 19, 2017 6:22am
GPYJPY CHFJPY GBPAUD all tp. Select pairs using currency strength indicator.
  • #314
  • Jun 19, 2017 7:43am Jun 19, 2017 7:43am
Is there some auto-fibs indicator where you can input the time-frame you want? This will simplify a lot the strategy
TO work just like the one in the EA, but correct
  • #315
  • Jun 19, 2017 8:04am Jun 19, 2017 8:04am
info: CADJPY BO
  • #316
  • Jun 19, 2017 8:45am Jun 19, 2017 8:45am
GPB/USD hit TP

just want to make sure, how do you guys decide what pairs you trade the day or not ?

someone said 200 MA, i like that idea, but tell me more
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #317
  • Jun 19, 2017 9:35am Jun 19, 2017 9:35am
Quoting kalawe
info: CADJPY BO
cadjpy hit TP , almost hit SL fib 50.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY1.jpg Size: 55 KB
  • #318
  • Jun 19, 2017 10:15am Jun 19, 2017 10:15am
M0nd,

IMO you should think twice about taking any trade if there is significant support/resistance between your entry and your profit target.

For me, significant support/ resistance means BRN, your chart 200EMA, daily, weekly and monthly 200EMA; also the daily open price line is important.

You should also be very much aware of the ADR for your currency pair; it's not a good idea to breach it during your trade.
  • #319
  • Edited 10:57am Jun 19, 2017 10:41am | Edited 10:57am
Done today.

Tomorrow pair selection:

NZDUSD
USDJPY
EURJPY
GBPJPY

If breakout same with major trend open trade

Personally pick NZDUSD if breakout with major trend.
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #320
  • Jun 19, 2017 11:49am Jun 19, 2017 11:49am
Hi guys,

Attached is the EA (see post #219 to know more about it) version 1.2.
I fixed the major issues that you have reported to me (Thank you again for your tests!). Below is the full list:

  1. Bug fix fibo hilow not correct, post #257 and #258
  2. send an alert box when there is a breakout and TradingEnabled=false
  3. new input parameter to enter the trade at the breakout, without waiting for the candle to close
  4. Bug Always autotrade post #265 => not sure it will fix for this one because I can't reproduce, it shouldn't open any order when AutoTrading option is disabled in MT4 already
  5. Added configurable colors for breakout box and fibonnacci

PS : I have tested the EA on M15 only at the moment.

I hope you will find it useful
Green pips all!

Attached File(s)
File Type: ex4 DD-breakoutasian-1.2.ex4   27 KB | 1,028 downloads
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