The answer is in your post read it

Also the follwing thread is where most of the answers are repeated

http://www.strategybuilderfx.com/showthread.php?t=17885

El cid

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developer of professional quality expert advisors for fully automated trading

Hi, everybody.

I send very basic template for this system.

TODO

Entry rules if range 35 or 50 pips
Exit rules
Breakeven after 70pips

Can you help?

Attached Files

OilFxProV01.mq4 (6.2 KB, 161 views)

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RUN With The BULLS And HUNT With The BEARS - Nothing By Chance

updates

charts 30 min charts , with 3 wma,6wma and 64 ems.Add pivot points indicator and moving average crosover signal indicator

Determine the 09.00 CET – 10.00 CET High Low GBP/USD

Set BuyStop at High + 5 pips and SellStop at Low - 5 pips

Set Target Price at entry 70 pips for GBP/USD

Set StopLoss at entry - 45 pips for GBP/USD. If the other side of the breakout is within 45 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)

Minimum channel and stop loss.: If the buy/sell entry zone line (which includes the 5 pips entry distance on both sides) is less than 35 pips, then both zones need to be offset to make this range a 35 pip range. .The stop loss on the minimum channel is 35 pips.

Move the SL to breakeven after 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. No new trades can be added after 17.00 C E T.Use discretion and other t/a based exits.

If one exits a position then the next position has to be in the opposite direction...........there is no rentry allowed until after a position is taken in the opposite direction.



At close of 18:00 CET 1/2 hour candle all orders expiring and close all trades at market. On Friday we do the same at 18.00 CET.Always wait for the close of a bar to exit major moves and end of day exits.Effective close is 18.30


Exits:Profitable trades:If target price is met or earlier When 3 wma crosses 6 wma on 30 m charts against the direction of the trade..If order is in profit and MA crosses in the opposite direction of the trade, then close the order..........................AFTER 2* 30 M BARS OF MA CROSS.............PROVIDED IT REMAINS CROSSED.Also discretionary exit at 1 st resistance /support on pivots if price action warrants.

Non profitable trades:If order is NOT in profit and MA crosses in the opposite direction of the trade, then close the order..........................AFTER 2* 30 M BARS OF MA CROSS.............PROVIDED IT REMAINS CROSSED?

Morning range:If the range on the 8.00 tp 9 am bar is greater than 50
pips do not trade that day.

FILTER:No trades are to be taken against the slope of ema 64.If Ema is sloping down (30 degrees slope or more)....do not take the long trades.If Ema 64 is sloping up (30 degrees slope or more) do not take the short trades.Examples in post no 89 and note one should be looking at the previous day and not the current trading day when it comes to the 64 ema filter.

FILTER:No trades are to be taken against the slope of ema 64.If Ema is sloping down (30 degrees slope or more)....do not take the long trades.If Ema 64 is sloping up (30 degrees slope or more) do not take the short trades.Examples in post no 89

EMA cross:if the wma crossover happens outside a candle, take the next candle after the cross-over as the first reference candle.

Download pivot indicator from
http://f0rex.free.fr/metatrader/mt4-indicators/


This link displays the time in every major city in the world: www.qlock.com.

Indicator below needs updating

Have good discussion and happy trading

The results for this system which are backtestes are as follows

August 2006 46 pips
september 2006 432 pips
october 2006 439 pips
november 2006 518 pips
December 2006 583 pips
January 2007 283 pips
February 2007 385 pips
TOTAL...............2,686 PIPS

MONTHLY AVERAGE 386 PIPS

MAXIMUM DRAWDOWN AUGUST 2006/september 2006 327 PIPS(STILL PROFITABLE MONTH)

August 2006 was a very bad month for trading but this system did not lose money.It made a profit.
Attached Files

Attached Files

	oilfxprogbpbreakoutv2.rar (3.2 KB, 246 views)
	oilfxpro.rar (10.3 KB, 218 views)

__________________
developer of professional quality expert advisors for fully automated trading

OILFXPRO 3000 pips euro/usd breakouts
Simple Breakout System for EUR/USD

* Determine the 07.00 CET – 8.00 CET High Low on EUR/USD

* Set BuyStop at High + 2 pips and SellStop at Low - 2 pips

* Set Target Price at entry + 40 pips for EUR/USD

* Set StopLoss at entry - 20 pips for EUR/USD and entry . If the other side of the breakout is within 20 pips for EUR/USD then the StopLoss will be that level (Longtrade: SL = Low range - 2 pips = SellStop; Shorttrade: SL = High range + 2 pips = BuyStop)

* Move the SL to breakeven after a gain of 20 pips for EUR/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 16.30 CET all orders expiring and close all trades at market.

Use indicator and change settings on indicator

Attached Files

oilfxproeurousdbreakoutv2.mq4 (10.1 KB, 307 views)

__________________
developer of professional quality expert advisors for fully automated trading

Hello Cid...

This 3000pips at eur/usd was at live account or backtest?How many months do you have this 3000 pips?
I read this your strategy for cable.The entry hour is 09.00 CET – 10.00 CET....but for eur/usd is different this entry hour? Or it's same entry hour of cable? What's the channel minimun for eur/usd?

What is difference between cable 09.00 cet and 10,.00 cet
and Euro 8.00 to 9.00 CET ?

Minimum I use is 20 pips

Results are good

El Cid

__________________
developer of professional quality expert advisors for fully automated trading

Ok El cid.This strategy work too at Usd/chf? do you have this results at demo account , live or backtesting?

Hi there, good observation. I've also been trading at this hourly candle for a mth on Cable (not Euro). Results are good, as far back as 2004.

However, this requires some good money management, because sometimes you won't get any pips on the first trade, but on subsequent positions.

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Reminiscences of a FX Operator | Fibonacci Calculator
There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox

Hi

Determine the 01.00 CET – 02.00 CET High Low usd/yen

Set BuyStop at High + 5 pips and SellStop at Low - 5 pips

Set Target Price at entry 70 pips for usd/yen

Set StopLoss at entry - 55 pips for usd/yen. If the other side of the breakout is within 55 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 55 pips for usd/yen on the first position.

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. .Use discretion and other t/a based exits.


This link displays the time in every major city in the world: www.qlock.com.

At 19.00 CET all orders expiring and close all trades at market. On Friday we do the same at 19.00 CET

Attached Files

oilfxprousdyenbreakoutv2.rar (3.2 KB, 194 views)

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developer of professional quality expert advisors for fully automated trading

I will try it first, how about the performance ?

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