I've been playing with various filters to try and avoid fake-outs ... lately I look at the trend on the H1 and only take trades in that direction ... here's the last 3 days as examples ... I realize 3 days means nothing, but I kinda like the old ...

GbpUsd 5 min breakout

here's a nice one ... (the default colors are different than these, but easily changed) ... it changes to "ADR REACHED" when appropriate ... and the calculations are based on actual trading days only (skip weekends)

ADR indicator

I didn't mean to imply that's what I made on those trades ... my point was they were all positive and I was just showing by how much positive they were ... as far as exit strategy, I like fib levels ... I don't know if they really work, if it's just ...

Very Profitable System - Roi system

looks like all these would be winners

Very Profitable System - Roi system

I just had a thought ... having both levels on the chart may be useful ... the M30 s/r could be used as an alert to a potential trade, and then the H1 s/r as confirmation to actually enter ... I'll study it

Very Profitable System - Roi system

here's how my screen looks with MTF SR, set to 60, as per ROIF's original rules (post #54) ... I wouldn't of had the losses you mention ... (I tried to place the numbers in the same place you have them) ... several people have said they use 30 as ...

Very Profitable System - Roi system

I've read that this function will be one of the new features of MT5 ... you might want to save your money for a little while.

Very Profitable System - Roi system

because of their high correlation, I don't like taking GBP/USD and EURUSD both at the same time ... if I'm going to take 2 trades at once, I like the second to be in completely different currencies ... I haven't traded it yet, but draw your boxes ...

GbpUsd 5 min breakout

think I'll try that ... I just scrolled back a ways and it looks good ... thankx

GbpUsd 5 min breakout

it's 2 separate ones, actually ... and the default colors and position are a little different, but easily changed

GbpUsd 5 min breakout

here's how mine looks using only 2 candles ... again, adding the spread made my long entry 1.6166 ... not sure which way is correct, 2 candles or 3 ... and haven't heard from Cain in a while ... what's the general consensus, guys ... 2 or 3?

GbpUsd 5 min breakout

blinkers ... I use three candles like you, but my entries were 1.6166 and 1.6107 ... Cain said in post #9 to add the spread when you go long

GbpUsd 5 min breakout

I had a thought I'd like some feedback on ... in the attached example, where the red arrow is circled, the first 2 conditions are met for a sell, and I'd be waiting for the last sign, i.e.: "when the price breaks the red dots" ... I know the red ...

Very Profitable System - Roi system

I'm a retired M.D. (not bragging because it is just a degree) and it confuses me, too ...

GbpUsd 5 min breakout

to anyone confused by time zones ... (seems to be a common problem) ... Cain posted several screenshots at the beginning of the thread ... (maybe you could post one more current one, Cain) ... just look at the screenshot, and make sure yours is the ...

GbpUsd 5 min breakout

when the price moves enuf to trigger an entry, but then reverses before hitting the first target, it's a "fake-out" that results in a loss ... Cain says to double your stake on the opposite move to recoup that loss, and that almost always works ... ...

GbpUsd 5 min breakout

I'm looking at the Average Daily Range for guidance ... for example, if the ADR is 170, a "good" box should be 30% of that or less (51 pips) ... (or maybe 35%, or 40% ... I haven't worked out the best percentage yet) ... the logic being, if it's ...

GbpUsd 5 min breakout

I’ve noticed that after the price breaks in one direction, it will often retrace a little bit … next, one of two things happens … either it will resume the original direction, or it will continue the pullback and eventually breakout opposite of the ...

GbpUsd 5 min breakout

alternate solution ... — with an iPhone, or similar device, you can get live Forex quotes any time you want ... they have an app for that

Indicator to email price every hour.