Thread: A Little Breakout Here and There

This code should give you a visual representation of what you propose (without the ATR part)

I'm going to try the strategy next week (with small positions for now

Here's another example... long in GBP/JPY this time. I know this is all with Monday's diary, but the strategy seems promising and the best thing is its simplicity. It could have been all long pending orders, assuming an upward direction around the green zone I marked. I used a kind of backsliding of a previous third sail to look for tickets with better price. 8 trades would have been activated, some might have left runners after taking part. If there is interest, maybe some live on Monday.

Sure, go ahead.

This looks very interesting, thank you!

Thank you Singua, does this just mark where every breakout happens?

Can this be used for scalping?

Simple method... you have to explore it more... I like it.

I have two long pending orders at this time (there may be more signs according to the price

Yesterday nothing was activated, but today two out of three. NZD/USD left without me, but my levels are still valid, so the orders are still on. I�ve changed to H4 for now, easier to follow every four hours. In GBP/USD I have several long orders pending. One is already in play. We�ll see if the others are activated. I keep developing my version of the system, but I think the HP concept is pretty solid, as long as the direction is well determined. Clearly there will be losses, but using pending orders in value levels can improve the result quite much. Yes, sometimes you don�t activate an entry and the price goes away, but that�s not losing, there was simply no operation. If no one else participates, I won�t keep sharing either.