Entered long GBP/ JPY at 156.75. Going to follow rules.

4H Box Breakout

OK, I have made some detailed back testing of my own week by week starting the first trade of May 2009. danno96's rules are great and I added only 1 rule. Doe snot matter what box size was I never used less than 150 pips. If box is bigger than 150 ...

4H Box Breakout

I was checking back testing and yes. Obviosly I am getting stopped with 50 pips take 50% profit and move to B/E approach. Today I took 50% profit at 70 pips. In fact, all this require a lot of experience, but I tested strategy similar to this one ...

4H Box Breakout

These time differences suck. I use MT4 from FXDD to set trades but trade on Oanda. Not easy.

4H Box Breakout

Risk is 1%

4H Box Breakout

ok, Limit Order got triggered at 1.5550. going short.

4H Box Breakout

Ace, you have got a good eye and it is admirable how you created this simple and beautiful system. It is a real good one. Idea is simple. No fancy indicators. I hope guys who start trading it won't screw it by modernizing and "improving" I ...

4H Box Breakout

I know, I used to demo trade similar strategy and the originator of that thread used 50 pips as original profit taking. It is a safer approach. I like your idea more. In his case the price should have crossed and closed above/ below 50 EMA and by ...

4H Box Breakout

That's great statistics research. Thank you for your time. By the way, were these trades traded with hands off approach. Position opened and then it is running to S/L or T/P without you doing anything or you were taking partial profit at some ...

4H Box Breakout

I think it should be tested. Also, some Pivot point or S/R area could be used for this purpose in which case 100-120 pips stop loss might be reasonable even with 350 pips box.

4H Box Breakout

Thank you I also was thinking along similar lines. Actually this system reminds me of MA, 50-25 strategy but I believe this one is superior due to lack of lagging indicators. The simpler the better. I trade Eur/ Usd, Eur/ Jpy and GBP/ USD ...

4H Box Breakout

This week looked like S/R levels went bust one after another. Lost few trades and since I increased leverage to 3:1 this week, lost 3%. So, I started using the S/R for break out purpose and today traded back 2%, but still 1 % to get to my previous ...

No Brainer Trades

Hi Guys, I have a question to originator of this great thread Ace284. I noticed that sometimes box has range of 350 pips. Should we take trade in this case? It looks like risking 350 pips is a way too much to achieve Risk to Reward favorable ratio. ...

4H Box Breakout

I am going to start testing it since this weekend. It looks very promising and interesting. Only trade management needs to be improved. You can check thread No Brainers trades. BRW, the guy who started that thread covered trade management very well.

4H Box Breakout

I wonder, did anyone think of taking partial profit as soon as a certain target met and then moving S/L to B/E. This system is simple and robust. I think it needs once in trade money management. I understand in most cases this system gives some pips ...

4H Box Breakout

Ok, I have got skype. How should I enter it into Forex factory facility?

No Brainer Trades

Looking to shot Eur/ Jpy at 1.3920-1.3935

No Brainer Trades

I used to have skype before cleaning and upgrading PC. But it would not be a problem. I will download it today and will let you know my nick. Let me know yours too.

No Brainer Trades

1.428 held up well in the EUR/USD, as did USD/CHF 107.25-3...both yeilding tons of points with only 8-15 points of drawdown. [/quote] I am sure you bagged your rabbit before the level went bust. what a volatility. E/U looked like G/Y today. However, ...

No Brainer Trades

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No Brainer Trades