1:1 profit target reached on EURCAD.

The HDR Breakout

We are short on GBPUSD too. After an invalid close below the sell area, the price retraced back to the middle of the channel and now a candlestick has closed in the sell area. SL a little above 1.55396 and first profit target at 1.5458. I don't like ...

The HDR Breakout

On NZDCHF, we also had a candlestick closing in the sell area after London opening. But there are two reasons why I don't take this trade: 1) That channel already gave us its signal on the 18th July 2012 with a candle closing in the buy area during ...

The HDR Breakout

Long entry on EURUSD at 1.2123. SL a little below 1.20608 and first profit target at 1.2185. Long entry on EURCAD at 1.2345. SL below1.23199 and first profit target at 1.2370. Let's see what will happen.

The HDR Breakout

You're right. The same thing happened on EURGBP. Thus I would not take that trade either (again, that's because the candlestick closed further than the buy area).

The HDR Breakout

Today on GBPCHF M15, a candlestick broke out of the channel right at the London Open. But it closed too far, on the other side of the sell area. So we don't enter short. It that case, price will often move all the way back to the buy area on the ...

The HDR Breakout

In the first post I've added the condition that we only enter a trade when the signal occurs during the London or New York sessions. During the Asian session there often false breakouts.

The HDR Breakout

My question is easy: why the indicator is showing 600 pips of profit and when we backtest it, it hardly shows results better than breakeven? I think that's not asking too much. Only taking 5 boxes and showing where to enter and where to exit.

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Thank you! That's exactly the kind of answer I was expecting to receive! It only confirm what I said.

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Ralome, I've still noticed some difference between your channels and mines. Could you check the channel on the 15M chart of AUDUSD? My channel is still a bit bigger.

The HDR Breakout

Hi Forexhard, As you still accept me to ask some questions about your trading system and related to your reply on my thread, please find below my actual standing and questions. If I could understand everything well, we choose the parameters so that ...

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Let's do some backtesting of your trading system which is so wonderful compared with the HDR breakout system. I've backtested your system on GBPUSD M15 using the parameters boxRange = 40 bars and box height = 30 pips. I guess a range of 40 bars is ...

The HDR Breakout

Here is an indicator that will draw the last channel. It will work only for M15 as I've hard coded the higher timeframe to be the hourly. Thank you very much for your job Ralome. There is only one small mistake: the height of the green area must be ...

The HDR Breakout

Ok. You've stepped in and told now. For everybody reading this thread I want to say that this system may or may not have similarities with the trading system designed by Forexhard. If you want to trade his system, then please ignore any "extra rule" ...

The HDR Breakout

Thank you for your answer barbossa. I completely agree with you that both systems are similar. A breakout trading system is a breakout trading system. Not much to innovate on that! I really welcome any advice I could receive. For me forexhard is not ...

The HDR Breakout

Then how is it possible that 30 pips + 30 pips + 30 pips + ... = 1114 pips? And again please don't compare both systems if you don't fully apply the rules of both. Here you're simply comparing two different sets of parameters for your trading ...

The HDR Breakout

You cannot say that hammers and dojis do nothing. It is known since long that they have a strong meaning. As long as you don't compare both systems using their specific requirements, I don't see any reason to actually compare them. And also the way ...

The HDR Breakout

Hi Forexhard, Thank you for your comparison test. Seen like that the HDR Breakout system is a loser, but here you're not taking into account the required conditions to be able to draw the trading range. What you did is count the number of ...

The HDR Breakout

Hi Forexhard, The indecision trading range is not always 30 pips, it depends on the highest high and the lowest low among the three successive Hammer or Doji on the higher timeframe. The trading range is only delimited by those three candlesticks. ...

The HDR Breakout