G/U at B/E , let's see can it run. I am back testing G/U results since the start of May 2009 right now. so far results are not bad at all. With proper money management. Not as spectacular as G/J but pretty good. Profit

4H Box Breakout

OOPs. Set B/E too high. Just got killed. But GBP/ USD still running.

4H Box Breakout

Agree 100%. This one is a simple, robust and good system. Thank you ACE for sharing. I am not changing anything, except 50 pips rule for safety reasons. It requires patience. I am hanging at B/E and at little profit, but I am not leaving. it will be ...

4H Box Breakout

People do not like to lose money Thus they try to "improve" the system to avoid losses. I think this system if it is followed will bring decent returns with not so much pressure like scalping.

4H Box Breakout

If it is a system, you just follow it. I follow all rules with exception of taking 50% profit at 50 pips and letting the rest run. Ok, 50 pips has not been reached yet.

4H Box Breakout

I can talk freely only after 157.25 is hit

4H Box Breakout

Price is consolidating, hopefully for breakout.

4H Box Breakout

Nope,, I did not get stopped. am near my entry point now. Let's hope it will finally break 156.75. I think chances are good for break after such huge retracement.

4H Box Breakout

OK, I understand G/J, why not the Cable. Look what it is doing right now. Gbp/Jpy and GBP/ USD are 2 the most volatile pairs. I personally going to back test the cable.

4H Box Breakout

Hehe, got stuck in the middle. Now it is interesting where are we going from here.

4H Box Breakout

You know , you are right! At different times I traded only 1 pair per time and got really good feel about it. I have been trading E/U, G/U and E/J for few months. G/J is very good for this system. I am trying this system and if everything is ok, I ...

4H Box Breakout

I wish this system would work for more pairs. I am actually looking for some kind of mechanic longer term system to trade. Fed up of stressful scalping.

4H Box Breakout

This sytem is actually a lot like 25-50 EMAs system which also was on this forum. But it is a way better one. Less false signals. I am trading live but small. I made only 1 modification and will follow all other rules.

4H Box Breakout

Excellent return. Have you done it with this system? How much do you risk per trade?

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Nope, I am not out yet. At the moment 26 pips to my S/L and to sell orders.

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I am in Canada. Yes, it has only 3 hours chart. But we always can use FXDD MT$ to determine the box and then just set prices on Oanda. No big deal.

4H Box Breakout

I am with Oanda. Good broker but you cannot use EA with it.

4H Box Breakout

What I am thinking. If price moves and hit my stop loss which is 155.25. I am thinking should I set sell order there. I think I must. It is only Tuesday and G?J in down trend. There is possibility of more selling. With this system we gotta take ...

4H Box Breakout

It probably depends upon time frame??? I tried to trade G/J with contra trade system, but it is too dangerous. Ok, let's see how things will be going. The price is making third attempt at resistance. Let it hit 157.25 and I am no worried anymore. ...

4H Box Breakout

Rules to follow: 1. Open trade with 2 lots. 1 lot take profit 50 pips stop loss 150 pips or if box is bigger more including spread and buffer. Another 150 pips S/L and 600 T/P. 2.Once 50 pips reached. Move stop loss to B/E. 3. Once TP 1-150 pips in ...

4H Box Breakout