Guys, I have a proposal... As we understand there is a lot of options and it would take a lot of time for each one of us separately to back test it. So, i have some proposal so that we can find the optimal statistically sound rules for this system. ...

4H Box Breakout

Ok, You are opening 2 positions for each pair. 1 position for each pair goal is TP1, as soon as it reaches this goal it is closed. Then you move stop loss for the left positions B/E +20 pips and let them run further and move stop loss after they ...

4H Box Breakout

Yes, I meant G/J, I have not tested E/J yet. But with only 1 trade won this way, it still does not worth it if it has no higher probability.

4H Box Breakout

I am not talking about partial profits taking but about moving stop loss to B/E before TP1.

4H Box Breakout

Yeah, it looks like it does not make any sense to make 2 trades per week. It is one shot affair. returns are much better. Although, i tis with 100% Ace rules. i am going to check today with moving Stop loss to BE earlier than TP1. This pair is very ...

4H Box Breakout

Yen, are you taking partial profits at each TP level or you just move stop loss to B/E and then follow with TP1,2,3? What about original B?E stop loss? are you waiting till TP1 reached or move it earlier? I will be checking today with SL moving to ...

4H Box Breakout

I am quite sure all your wins were the first trades... no second chances here.

4H Box Breakout

Exactly, read what I wrote above. There is no a single week when you lost first trade and then won second. Probability is not there. This rule of taking trades on both sides must be dropped. it is not working. save yourself some pips. Unless move ...

4H Box Breakout

You know, I have checked data week by week since January 1, 2009. There was not a single week when if you lost first trade you then won second trade. It looks to me this system is a one shot pony. If the first trade lost, no trading till next week. ...

4H Box Breakout

ok, some interesting facts. If we let this system work exactly as Ace says with moving stop loss to B/E once the length of the box reached and with total goal of TP-3, we would have about 34%, risking 1% per trade since January 1, 2009. The worst ...

4H Box Breakout

Thanks, I have not followed this topic from the start, so I did not know about it. It is good to know now that it is only short and long per week. I am comparing now what is better, taking partial profits or no.

4H Box Breakout

By the way. we have 2 trades according to the system each week. Is it only 1 short and 1 long or it can be 2 shorts or 2 longs? For example, price triggerd short trade, reached TP1, we moved S/L to B/E. B/E got hit. then price moved back down, ...

4H Box Breakout

I am going now back to last year and testing trading according to original rules with moving S/L to B/E when price moves 1 box in our direction with final goal of TP3. so far it looks very good. Obviously losses happen in ranging market. I am ...

4H Box Breakout

Very true. I got up just in time seeing price breaking box down, but as per rules only 2 trades, I passed this trade. If we start breaking rules, once we can get away, then we get burned. I am waiting till Sunday.

4H Box Breakout

Great topic! will follow it with great attention!

Support & Resistance ONLY Trading

Hello Everybody! This topic is also extensively covered here: url

Support & Resistance ONLY Trading

G/U is 8 pips above B/E stop loss. seems it is not going run at least from here. But we got some pips anyway... this is why I take 50% profit early. safer way. Not every signal gives a huge profit but almost every signal gives 30-50 pips.

4H Box Breakout

It is not system that requires improvements It is traders

4H Box Breakout

I have back tested GBP/ JPY with similar rules but because the pair is less volatile and its box is smaller I used smaller stop losses and smaller take 50% first profit of 30-40 pips and then B/E. Also, TP-1,2,3 all different from G?J due to lower ...

4H Box Breakout

so, I guess this strategy is done for this week. Only if G/U will run , I will follow. so far. 0.8% up. Not so bad for start especially taking partly profits and without a big move. I use different numbers for G/U. it is not as volatile. Partly ...

4H Box Breakout