Hi Jdun

do you trade this on both the currencies Hans recommended (EURUSD and GBPUSD)?

If 50,000 for a full acocunt, then 5000 for a mini should suffice (if you do not mind the risk and large DD). But over all with the big returns, it provides a good ROI. Or so it would seem

What is the chart timeframe for this indicator to work best?

It's getting great reviews at strategybuilder. I backtested it on all currencies and it looks good on all of them. I haven't tested it live but the inventor claims to have been using it for the last 6 months live. I'm going to try to test it live a little bit this week.

They say that the Hans123 v8m1_1 is the best version if you are interested.

Here is the system that I will be testing.

The following was written by Hans123 , the inventor of this system:

Thanks Hans for sharing this system with us.

Attached Files

Hans123Trader_v8m1_1.mq4 (14.0 KB, 341 views)

Many people tested.
This system were evaluated on the following threads:
- http://www.forex-tsd.com/metatrader-...ans123-ea.html
- http://www.forex-tsd.com/expert-advi...a-hans123.html
- Show Us Your Best EA

with many EAs posted and forward testing results (statements).

Check out this indicator

Attached Files

JR_Trend_Indicator.mq4 (4.5 KB, 249 views)

I'm testing Hans123 on the demo. I went into the source code and changed "EurUSDm" to "EurUSD" for demo since they told me to do that so that the symbols will match. I did that on all the currencies that I saw. Is their anything else I need to do to get it to work on the demo? Thanks.

It finally made a trade. Do I need to close these trades or does it know to close them? I accidentally shut the software down for a few minutes but it's up now.

i'm not sure when it closes trades. i think the unexecuted trades expire @ 2359 GMT. then i've had it close some in profit trades @ 0000 GMT. I have closed others manually. it moves the s/l to break even at 40 pips profit? @ what point does the t/s become active?

thanks

the version I have has no trailing stop and you have to close orders manually. Only thing it does is set up the wins for you.

Simple Combined Breakout System for EUR/USD and GBP/USD

* Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
* Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
* Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies
* Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD
* Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
* Move the SL to breakeven after a gain of 30 pips for EUR/USD and a gain of 40 pips for GBP/USD
* If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible. This rule is a result of all previous rules. You can skip this rule if you want.
* At 24.00 CET all orders expiring and close all trades at market. On Friday we do the same at 23.00 CET.

This link displays the time in every major city in the world: www.qlock.com. I am using CET time (Amsterdam, Frankfurt).

Results October 2005:


10/03 : -22 pips
10/04: -61 pips
10/05: -103 pips
10/06: +168 pips
10/07: +156 pips
10/10: +135 pips
10/11: +61 pips
10/12: +108 pips
10/13: +97 pips
10/14: +274 pips
10/17: +178 pips


Total: +991 pips


The results this month are extreme. In general the system gives you an average return of 600 pips a month from March 2005.

On monthly basis the results are:

March 2005: +721 pips
April 2005: +940 pips
May 2005: +296 pips
June 2005: +857 pips
July 2005: +1,352 pips
August 2005: + 35 pips
September 2005: -20 pips
October 2005: +1,825 pips
November 2005: +554 pips
December 2005: +345 pips
January 2006: +73 pips
February 2006: -13 pips
March 2006: +633 pips
April 2006: +617 pips
May 2006: +1,319 pips
June 2006: +251 pips
August 2006: -322 pips

All calculations before October 2005 are done by hand, so it is possible that there is a small deviation. It is only to show the power of such a simple system.

For live results starting January 2007, checkout www.forexsystem.co.nr, where orders and results are posted day by day.

Finally I have to say that this system has been invented by Hans Van Der Helm from Netherlands, and I am testing it forward on forexsystem.co.nr