Thread: New Day breakout by fed

Fed,

I assume daily instead of weekly trades?

[quote=Bob2;2980581],

yes

Originally Posted by ;

Deja vu anyone?
Alright fed, I'll follow along...

yes, Ace

Originally Posted by ;

Hi all, this really is something new for me as well. I've traded this egy gave me a few fantastic outcomes and live for the previous 2 months. I have back tested it, just wanted to share it with you all. You can trade this egy together with g/u g/j and e/j. The best results will be with g/j because the motion of this pair. Together with the other two I said you will need to target pips. I trade this only.

This egy is like some of the other breakout egies available but there are a number of different things you will find for this...

it brings a box and cancel... it might be beneficial on visual back and forward test and on trading
https://www.forexforum.co.za/attachm...2134821453.mq4

Hi Fed,

Thank you for submitting your new egy. I just wanted to confirm that you need to create 6 entries in total? 3 for 3 and long for short? Also would be good if we could get an EA to do this, is that in the pipeline?

Thanks a million.

Nic

This system looks Fed. Well done for the discovery. The 30 pips odd addition looks like a sort of filter to get false breakouts.

Hi Fed, you have been a blessing. This system appears promising. By just eyeballing, I will see so many great trades. I cant wait to check it out.

Wish each 1 attempt this system many pips ahead.

How do you extend your retracement?

Not very clear about the only thing is that you want to extend the box to to 80 pips between the high/low lines (usualy SL lines) and entrance.

Can u explain more about this?
Thank

Originally Posted by ;

One of this compliion is the body of this 00:00GMT is small or does not have any body. In this case bussiness as usual, the only thing is you want to extend the box to to 80 pips between the high/low lines (usualy SL lines) and entrance. In this ex the body is small and the distance is lower then 80 pips, I would enter short 30 pips below the body and extend it to complete of 80pips between SL (the high point) and also the entry point.

Originally Posted by ;

indior in accore with your egy

thanks I'm using it tonight. Last nigth's set up was complex due to no doby candel. I will find a way to trade on a no body candel days.... Allow Me to take a look at the installation for tonight