Dare123, Thanks for sharing your setup. Last night I set up a 10 pip grid on EU as per your instructions. Price has currently moved upward about 25 pips. So, I have made +20 pips profit thus far with 1 remaining currently active trade. I ...

Profitable Grid Break-out Trading System(PGBTS)

In your examples, I would have been in that downtrend 7 candles earlier than the down arrow is pointing, and in the next uptrend 4 candles earlier. In both cases I would have been in the trend before the breakouts to the outside of the EMA bands, ...

The7 Trading System

Yonnie is absolutely correct on his approach...the profits are not just enhanced...the returns are exponential! Be careful to heed his advice regarding making certain all the current trades are at BE or better before making an add-on ...

Max's Simple Ride the Wave System

FH, thanks for your patience. Yes, I have read the entire thread. Sorry...but I didn't connect the dots. I just received a PM that made it crystal clear. I must say that I have traded breakouts for about 4 years now, and the SSBO allows ...

Extracted Thread (per thread starter's request)

Hi FH, My thanks for providing all the wonderful tools and commentary for this trading method! I am a bit perplexed. I use the Oanda MT4 platform. When I change just 1 parameter on the MaxBreakoutTradesPerBox from 1 to 2 or 3 or 4, the ...

Extracted Thread (per thread starter's request)

Spidey, Nice job on the buy side account. How did you handle placing trades on the sell side account? Did you stack the pending orders the same way on the sell side? I assume your initial buy and sell trades were placed simultaneously? Did you have ...

Set it and Forget it, Dollar Cost Averaging

Spidey, I believe you have the rules correct. In my discussion with Jaws, I had stated that I had allowed for price action to determine my entries rather than his time entry. So...when the 1st buy trade went -50 pips. it kicked in my subsequent 2nd ...

Set it and Forget it, Dollar Cost Averaging

Hi Spidey, I use 2 separate accounts with Oanda. The "Buy" account is where the +50 pips were realized. Price moved -50 pips and triggered my pending 2nd buy order (dollar cost averaging). Price climbed back upward to the original 1st trade entry. I ...

Set it and Forget it, Dollar Cost Averaging

I did just that last night. 2 accounts. Both bought and sold EU @ 1.2350 Placed pending orders at the respective TP's. Woke up late this morning. Closed out the 2 sets of trades and orders for +47 pips. The dynamic of taking a profit on one account ...

Set it and Forget it, Dollar Cost Averaging

Hi jaws, "2) Come back and check accounts throughout the day if one of the trades hit TP open a new trade in that direction." Can we facillitate this rule by simply placing pending orders in both directions @ the TP50 levels? And...make pending ...

Set it and Forget it, Dollar Cost Averaging

Hugh, Yesterdaysbodyrange indicator does appear in the MT4 data window, but there is no data in the box. I'm not sure why... Any ideas?

Quicker and Dirtier EOD

Basber, thank you for the confirmation. I would have probably forgotten to place the level 2 entry after execution of the the second sell order. Now, I think I've got it!

Daily Break Strategy

Hi John, No problem...no offense taken. I would encourage you to start a thread and show the daily performance. I'm am certain there are many who would agree. Good Trading!

Daily Break Strategy

John, Respectfully, if your remarks were intended for me, I was simply attempting to obtain clarification on the entries...but NOT changing the method in any fashion. However, your "simplification" does alter the OP original strategy, plus you are ...

Daily Break Strategy

Entries — I'm attempting to gain a clarification on the entries. Let's say, for example, that a Buy trade is hit. We immediately place a 2nd level Sell order at the Buy trade SL (but maintain the original Sell order at the bottom of the ...

Daily Break Strategy

With all due respect, I believe this discussion warrants accurate data on the strike rate. It is a remarkable trading system that has a 1/2 risk to reward ratio, and still wins more than 40% of the time. If there was a really good one, we would all ...

Quick and Dirty EOD

Hi Porkpie, Thanks for your response...your advice is well-taken. I understand the merit of your position. However, we have different philosophies regarding money management. For me, preservation of capital is key. Moving the SL to BE+1 as soon as ...

Quick and Dirty EOD

Hugh, may I ask what broker platform you are using? I am using Oanda; the new daily candle apears at Midnight EDT. When does your new daily candle begin? Thanks!

Quick and Dirty EOD

Hugh, What advantage is there to wait for a daily candle to be a contrarian candle running opposite to the trend? After all, in a downtrend, we are simply trading a breakout making a new low of the contrarian candle. Yes, it makes sense to trade ...

Quick and Dirty EOD