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Breakout Strategy

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Re: Breakout Strategy

Postby mfoste1 » Wed Mar 16, 2011 2:08 pm

hey lucky,

the price box defines the ranges(these numbers are indicated by numbers in the left hand corner of ur chart) , so when price goes outside of a box then reverses, all you have to do is pull out a ruler and measure how much it moved back. I doubt any programmer could add that for an option, given that all you have to do is look at a chart to determine the amount and time of the move.
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Re: Breakout Strategy

Postby cyanidez » Thu Mar 17, 2011 8:52 am

mfoste1 wrote:could you please modify this strategy to only allow a long position or short position(trend filter)if specified?


I agree! That would turn this into a super strategy, because you if you have a general idea where the currency pair is going, your % successful trades should skyrocket.

Awesome suggestion, I hope you can do it for us vstrelnikov?
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Re: Breakout Strategy

Postby cyanidez » Thu Mar 17, 2011 9:12 am

Hi vstrelnikov,

Can you please add the functionality to test if the ADX is increasing before entering a trade?

I've done backtesting, and it increases profitable trades and decreases false breakouts.

So, if the breakout candle's ADX is rising, enter the trade, otherwise not.

Thanks man, you're doing a great job!
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Re: Breakout Strategy

Postby Apprentice » Thu Mar 17, 2011 5:51 pm

Your request has been added to developmental cue.
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Re: Breakout Strategy

Postby mfoste1 » Mon Mar 28, 2011 10:18 am

anybody try to revise this with the trend filter yet lol? :D
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Re: Breakout Strategy

Postby lucky777 » Tue Mar 29, 2011 10:23 am

Hi mfostal,
Thanks for the snap short and explanation for the breakout stragey. What you are saying is correct but If I want to do the trading 8.Am usa time to 9.am USA time then Stragey box will start and number will not come on the left hand side of my chart. They only come when doing for the full day. If the news come market moves very fast and It will be difficult to measure it up the move because this move last only few second. If the function or adaption is written then automatically price will be come under the box say 8.am and when going up or down it will be automatically show how much the price movement is.
I hope you understood what i wanted to see.
Price came down Price 1.20 (just want to see( Down.20) 9.00Am EST
Up.30
1.40 price 8.am
Down .20
Thanks in advance.
Regards.
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Re: Breakout Strategy

Postby chinnoman » Wed Mar 30, 2011 5:19 pm

Requesting that this strategy be able to set stops and limits.

Thanks.

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Re: Breakout Strategy

Postby Apprentice » Thu Mar 31, 2011 2:13 am

As far as I know, this strategy has this ability.
Are you using U.S. account?
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Re: Breakout Strategy

Postby chinnoman » Thu Mar 31, 2011 10:26 pm

Apprentice wrote:As far as I know, this strategy has this ability.
Are you using U.S. account?


No I am not using a U.S account. In the strategies property there is a box that allows you to set limit and stop orders in pips. But when your trade is entered the stop and limit orders are not entered on the trade. I have to manually set the limits and stops.
Can you help me with this
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Re: Breakout Strategy

Postby mfoste1 » Mon Apr 04, 2011 5:18 pm

i am also having trouble with the stop and limit orders being set as soon as a position is opened. i am using a US account(which now permit stop and limit orders).
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