What do you mean repaints itself all the time? How can a bar not close beyond the bollinger band? If you feel you could code the system into an EA to trade the London Open then I suspect you would have a winning EA no problems. Be so kind as to ...

Breakout System

Will move orders up under this new bar when it is finished. Both orders got filled... Then the market turned right around and took me out for two losing trades.

Breakout System

No you don't... just need to have them all pointing in the same direction. This current trade set up the moving average is just tipping down... bollinger bands are well and truly pointing down. When there is a "Trend" in place signified by the ...

Breakout System

Close to getting a fill here... bit of indecision evident...

Breakout System

I have not found any specific time to trade more profitable than other.

Breakout System

Yes system is designed for GBPUSD. Most profitable is the London Open period. Since the system is designed around price action and not indicators as such it will work on almost all pairs and on most time frames above 15mins. I have not tried any ...

Breakout System

Seems to be some confusion regarding the ATR and how to calculate the SL and TP levels. Use the ATR indicator and use the default period of 14. Put a hoirzontal line on the ATR Indicator and read from the Chart what the value for the ATR is. Then ...

Breakout System

It is not an indicator. It has been coded as an Expert. So you will need to place it in the Expert Folder and attach it to the charts you want as an Expert.

Breakout System

Yes that is correct. Second Position Stop is moved with the trend as it develops. Move stop order of second position above each new down bar or below each new up bar depending on which way trend is travelling. Keep doing this until you are stopped ...

Breakout System

EURUSD and GBPUSD all down bar set ups.... I think you all get the drift by now...

Breakout System

Stopped out by that retracement...

Breakout System

USDJPY rolling over.... First Position hit TP target. Moving stop of second position to reduce risk slightly Moved stop to top of last down bar to lock in some profit on second position.

Breakout System

Starting to roll over again... Counter Trend Trendline is breaking.

Breakout System

The indicator is used primarily as a trend indicator. As per the rules all must be pointing in the same direction before a trade can be taken.

Breakout System

Chart showing reasoning as to why I took the trade and did not stick to the rules. Mostly because I was tired and needed to get to bed...

Breakout System

First Position has hit Take Profit Target of 20 Pips. Second Position Still running. Closed Second Position.... too tired to try to follow this breakout. Goodnight and safe trading to all....

Breakout System

Order will remain until a bar penetrates the 21 SMA then I will remove the order. Volatility is really dropping off.... I have moved order up. Just under last Bar. Now I'm really tired...... If the 21sma is crossed then I'm off to bed.... Ok got a ...

Breakout System

Consolidation happening at the moment. Still looking to go shorts. Might not happen..... and I'm getting tired.... If something does not happen on this bar I'm going to bed... Does not technically fit the rules using last bar as set up bar.

Breakout System

You know why it is so good? It is because it is a price action based system and not a system built around indicators. Wish you all the best.

Breakout System

Very nice trend. Keep moving stop of second position above each new down bar and ride it down until get taken out.

Breakout System