Original System is designed to trade the GBPUSD Pair 15min TF Chart at the London Open. Please feel free to experiment on any pair you wish. This is a Breakout System and it is based on Price Action. So it should work on almost any pair that has ...

Breakout System

It is best to stick to the original rules as per the original post. Use ATR(14) at the time of the trade as the SL and 2/3 the ATR(14) at the time of the trade as the initial TP target. This way we gain regular pips, also this helps to reduce the ...

Breakout System

Need a starting point to begin with before start making changes. The system is originally designed to be traded as a visual system, obviously a little interpretation is needed to distinguish between what is up or down when looking at bollinger bands ...

Breakout System

Profitable Trade as per the rules on that set up. Did not enter a second position to try to capture a breakout trend however. I used the exact figures as quoted by the EA in the Experts Tab.

Breakout System

EURUSD orders are in. Trading the asian session here. Not generally a good idea.

Breakout System

As you can see alot of ranging generally occurs during the asian session. Still in this trade. Sideways channel has formed. Looking for another breakout to the upside as trend is still up. Moved stop loss on second part of trade to be just under ...

Breakout System

There is a Signal/Up Bar on this Pair AUDUSD.... but no signal arrow signalled by alert. Maybe the Bottom bollinger band was pointing down at the time of the bar. Everything else appears to be pointing up USDJPY chart appears to be a valid signal ...

Breakout System

Nice signal bar closing outside of small overnight range... This is the EURUSD

Breakout System

Just remember. Order is 1pip plus spread below/above the signal bar. TP and SL is based on ATR. With initial trade being SL=ATR and initial TP=2/3xATR Once PipPicker adds the functionality to open and close orders automatically then there is the ...

Breakout System

Very kind of you to lend a hand. I will add the updated EA to the first post each time you release a newer version. I'll add it to my charts and start using it to make sure it gives proper signals as per the system rules. Once again from everyone ...

Breakout System

There are still some Brokers who are using the Four Decimal Places for price, however most are transitioning to the Five Decimal Places.

Breakout System

Some nice trading signals today. Hope some of you picked up some pips today... Take care all...

Breakout System

Cheers mate.

Breakout System

Thanks for that. I normally use the Alert Expert to alert me whenever there is a downbar/upbar. This should filter out those alert where moving average and bollinger bands are not in alignment. Cheers Keep up the good work.

Breakout System

Good job mate. I presume you moved SL up under each new up bar and then finally got taken out.

Breakout System

Yes you are most likely correct.

Breakout System

Indeed mate, it is a good system. I wonder if someone can code it into an EA that would be handy.

Breakout System

First Position is designed to lock in profits. The second position is used in an attempt to capture some of the potential breakout/trend. As you know FX is very volatile and price can revert on your position rather quickly. By locking in profits on ...

Breakout System

Does anyone have an indicator for moving average which changes the colour of the moving average when it changes direction? This could make it easier to determine if the moving average is actually pointing up or down at the time of the set up bar.

Breakout System

Looking at the Trade that turned into a losing position for me last night it did not fit within the rules. The rules are only to move order to go short in a downtrend once there is a retracement signified by an up bar. There was no up bar but I ...

Breakout System