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Simple Breakout System By Zach

  • #321
  • Jun 19, 2017 12:08pm Jun 19, 2017 12:08pm
Thanks for your followthrough. It is appreciated, Damien.
  • #322
  • Jun 19, 2017 1:13pm Jun 19, 2017 1:13pm
Quoting damiend
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: Bug fix fibo hilow not correct, post #257 and #258 send an alert box when there is a breakout and TradingEnabled=false new input parameter to enter the trade at the breakout, without waiting for the candle to close Bug Always autotrade post #265 => not sure it will fix for this one...
Great job mate! I will test it and let you know if there are more problems
  • #323
  • Jun 19, 2017 4:50pm Jun 19, 2017 4:50pm
Quoting voyager2
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.
good advice here, thank you! ADR is really important, thought about it too and will have an eye on it.
but how do you decide what pairs you trade the next day like domba?

Quoting domba
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.
how do you decided what pairs to trade tomorrow?
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #324
  • Edited 7:08pm Jun 19, 2017 6:41pm | Edited 7:08pm
Quoting damiend
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: Bug fix fibo hilow not correct, post #257 and #258 send an alert box when there is a breakout and TradingEnabled=false new input parameter to enter the trade at the breakout, without waiting for the candle to close Bug Always autotrade post #265 => not sure it will fix for this one...

SOLVED ......INFO: ATTACHED EA WHEN NEW CANDLE OF THE DAY IS UP.




Thank you very much Damiend,,

unfortunately this version is not work for me.
Working well on Backtest (strategy tester), but not working when attach at live chart.
bugs with my mt4:
The timer box between : 21.00 - 5.00 (grey area picture)
But Your EA draw : start 5.00 - finish box 21.00 (blue area picture)

working anyone ?

Time error
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-20_062033.jpg Size: 136 KB



Backtest running well
Attached Image (click to enlarge)
Click to Enlarge Name: Backtes.jpg Size: 126 KB
  • #325
  • Jun 19, 2017 6:51pm Jun 19, 2017 6:51pm
Kalawe,

Mine works just fine. You might try putting in times of 20:59 and 4:59 in the hour and minutes lines and see if that helps you.

Best of luck.

WGT
  • #326
  • Edited 7:29pm Jun 19, 2017 7:12pm | Edited 7:29pm
Quoting wiseguytrade
Kalawe, Mine works just fine. You might try putting in times of 20:59 and 4:59 in the hour and minutes lines and see if that helps you. Best of luck. WGT
Worked now, we must attach when new candle is UP.
Because we need time : 21 clock old candle and 5 clock new candle.


Thank wiseguytrade
  • #327
  • Jun 19, 2017 9:38pm Jun 19, 2017 9:38pm
Quoting domba
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.
agree. the percentage of valid breakout become more when the breakout itself is same with the current trend
  • #328
  • Jun 20, 2017 12:12am Jun 20, 2017 12:12am
Quoting yan1006
@EZ i'm intersting with your trading method and i want to try. but i'm new at trading and i need to know how to read currency strength,for example if i see in currency strength that eur very strong and usd weak so we should avoid trading that pair or we should trading that pair and look for braeakout in the chart like your trading setup? and i look at ff calendar for high impact news if there is high impact news on some curency so we dont trade on that curency,is that right? i'm sorry if my question is seem fool,but i want to learn to trade well....
in your case u should buy EURUSD
because the currency strength show usd weak and euro strong

avoid pair that has a high impact news of the day
  • #329
  • Jun 20, 2017 12:57am Jun 20, 2017 12:57am
NU BO buy
  • #330
  • Jun 20, 2017 1:09am Jun 20, 2017 1:09am
AUDJPY BO buy
  • #331
  • Edited 2:58am Jun 20, 2017 2:47am | Edited 2:58am
Quoting kalawe
AUDJPY BO buy
Hit TP
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.jpg Size: 71 KB



Quoting kalawe
NU BO buy
closed manually to long TP
  • #332
  • Jun 20, 2017 5:57am Jun 20, 2017 5:57am
AUDUSD only so far
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.gM15.png Size: 28 KB
  • #333
  • Jun 20, 2017 6:06am Jun 20, 2017 6:06am
Quoting ErollZach
{quote} in your case u should buy EURUSD because the currency strength show usd weak and euro strong avoid pair that has a high impact news of the day
eurusd and eurjpy both hit sl
  • #334
  • Jun 20, 2017 6:28am Jun 20, 2017 6:28am
Quoting Usmahn
{quote} eurusd and eurjpy both hit sl
?
  • #335
  • Jun 20, 2017 6:38am Jun 20, 2017 6:38am
Quoting ErollZach
{quote} ?
eurusd eurjpy noth bo today and hit fibonacci 50 sl
  • #336
  • Jun 20, 2017 7:40am Jun 20, 2017 7:40am
Quoting Usmahn
{quote} eurusd eurjpy noth bo today and hit fibonacci 50 sl

ok.bit busy to day.off trade.just stick to the trading plan
if hit SL is not your analysis is wrong
just remember,trading is about probability
  • #337
  • Edited 9:06am Jun 20, 2017 7:57am | Edited 9:06am
Quoting ErollZach
{quote} ok.bit busy to day.off trade.just stick to the trading plan if hit SL is not your analysis is wrong just remember,trading is about probability
but overall in profit as usdcad, gbpusd, audusd all hit tp
  • #338
  • Jun 20, 2017 9:25am Jun 20, 2017 9:25am
Quoting Usmahn
{quote} but overall in profit as usdcad, gbpusd, audusd all hit tp

hahaha.nice
  • #339
  • Jun 20, 2017 11:26am Jun 20, 2017 11:26am
Another bad trade today, because break the rules.
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #340
  • Jun 20, 2017 11:31am Jun 20, 2017 11:31am
left the EA do it's job today, works just fine, thank you for EA, but that News Filter is a must as it only took some GBP pairs, all in loss of course
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