flowe Posted August 5, 2010 Report Share Posted August 5, 2010 http://ultimaforex.com/forex-trading-system/ultimaforex-client-only-catch-up-to-30-pips-easily-per-day-via-daily-gbpusd-breakout-system/ radicaltour, spidermaher, fxeasy5 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
iwjw Posted August 5, 2010 Report Share Posted August 5, 2010 really nice system...I like it But as always...where to set SL?? Quote Link to comment Share on other sites More sharing options...
cazador Posted August 5, 2010 Report Share Posted August 5, 2010 http://www.ultimaforex.com/ultimaforexbreakout.zip coffee99, ⭐ Tradeselect and cashdaily 3 Quote Link to comment Share on other sites More sharing options...
flowe Posted August 5, 2010 Author Report Share Posted August 5, 2010 Just works on 4 digits broker Quote Link to comment Share on other sites More sharing options...
synergy Posted August 5, 2010 Report Share Posted August 5, 2010 SL is 30 - 35 pips from buy stop or sell stop. So the risk reward is like 2:1. Quote Link to comment Share on other sites More sharing options...
synergy Posted August 5, 2010 Report Share Posted August 5, 2010 (edited) You can use Panca Eagle indicator in place of this indicator, to work on 5 digit broker. http://www.4shared.com/file/XMRta9Yk/panca-eagle_break_out.html http://i914.photobucket.com/albums/ac343/kampungkid/FX/EagleBreak.jpg example: For 4 digit broker, set for 10, 5 digit broker, set for 100. The inner box is the range high low within your set period. Outer box is offset. Applied to the above system, set the start time and end time accordingly, and set the offset to 10/100 according to 4 digit or 5 digit broker, and set your sell stop, buy stop at the edge of the outer box, with TP 15 pips and SL 30 pips, or your own settings. The only difference is panca eagle does not draw another box for TP, but it helps. Edited August 5, 2010 by synergy additional info. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 6, 2010 Report Share Posted August 6, 2010 Hi Syn, it says that the link is not valid Freddie Quote Link to comment Share on other sites More sharing options...
aliak Posted August 6, 2010 Report Share Posted August 6, 2010 what time frame? Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 6, 2010 Report Share Posted August 6, 2010 what time frame? You choose one. It is a breakout: You choose how long you want say from 9pm one day to 10 am the next. Find the range and buy stop from high sell stop from low. TP and SL what you want. I use half an hour 10 am to 10:30 Hope this helps Freddie Quote Link to comment Share on other sites More sharing options...
synergy Posted August 6, 2010 Report Share Posted August 6, 2010 (edited) Sorry Freddie, this 4shared Desktop thingy has hit me again by renaming my originally uploaded file and changed the link. http://www.4shared.com/file/nOheThp2/_2__panca-eagle_break_out.html Edited August 7, 2010 by synergy typo Freddie 1 Quote Link to comment Share on other sites More sharing options...
daveg1 Posted August 7, 2010 Report Share Posted August 7, 2010 Link is working now, thanks synergy. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.