saambask Posted March 23, 2011 Report Share Posted March 23, 2011 (edited) hi all, as i said i love simple systems.they wont confuse us.we all know that markets always in two phase.one is range and second is trend,these two phases one by one as a cycle.if we can find perfect range we can pickup trends easily.for that i use simple techique.take 3 moving averages and bollingerband default. how tofind ranges.simple if 3 moving averages came to much closer and bolinger freezes,it is perfect range.how to trade,simple put one buy stop order 1o pips above the range and sell stop 10 pips below the range.stoploss is outer line of the range.how to exit.it is hard,i use 3 methods.1.riskreward 1:1 or trailing stop as range or moneyflow index close oppositely at 45. happy tradING., http://i.imgur.com/vbP6r.gif Edited March 23, 2011 by saambask RVB, collinsmith, PipPip_Hurray and 1 other 4 Quote Link to comment Share on other sites More sharing options...
kashyap81 Posted March 23, 2011 Report Share Posted March 23, 2011 which 3 moving averages do you prefer? Quote Link to comment Share on other sites More sharing options...
wendies Posted March 23, 2011 Report Share Posted March 23, 2011 why 3 and why not all 5 ? alansim 1 Quote Link to comment Share on other sites More sharing options...
saambask Posted March 23, 2011 Author Report Share Posted March 23, 2011 HERE IS 100 PIPS IN GBPUSD http://i.imgur.com/Fe4ux.gif Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 23, 2011 Report Share Posted March 23, 2011 Maybe you should explain things. You entry (sell) does not make sense compared to your blue range box in pic 1. Quote Link to comment Share on other sites More sharing options...
saambask Posted March 24, 2011 Author Report Share Posted March 24, 2011 Maybe you should explain things. You entry (sell) does not make sense compared to your blue range box in pic 1. hey juicyt, iam explaining method here,iam not showing my trades.i explained the method of trading in first post.and i showed eurusd chart only.the sell appeared there is my other trading method line breakout.because it is my live account.it appearing there.you see the method and understand it.otherwise leave it. it is looking very bad forum.,no respect each others.moderator leaved people t thier wish.iam leaving from this forum., very bad forum Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 24, 2011 Report Share Posted March 24, 2011 Very bad picture to begin with. If you are going to take the time and effort to post, in the beginning, next time explain everything on the picture. Otherwise, what do you expect? Juicyt Quote Link to comment Share on other sites More sharing options...
shabz Posted March 24, 2011 Report Share Posted March 24, 2011 (edited) He is trading the breakout from a bollinger band squeeze, the money flow index is like a momentum indicator, get in when the momentum crosses over 45. Exit when money flow is below 45, I guess. Edited March 26, 2011 by shabz Quote Link to comment Share on other sites More sharing options...
collinsmith Posted March 24, 2011 Report Share Posted March 24, 2011 Thanks for this breakout system Hi saambask, Just want to drop a note saying thanks to your system. I read the book on Bollinger Band by the author before on squeeze breakout, but have never thought of a better mechanical technique for entering the breakout. Your method of using 3 MAs does provide some good ideas to ponder over, so here are the results of the quick demo I had this afternoon. 2 trades taken, one on GBPUSD and another on GBPAUD http://i.imgur.com/rUWVO.jpg GBPUSD http://i.imgur.com/ZFzLF.jpg GBPAUD http://i.imgur.com/QUkdg.jpg Regards, Collin Quote Link to comment Share on other sites More sharing options...
mykap Posted March 24, 2011 Report Share Posted March 24, 2011 share your tpl,,tqq Quote Link to comment Share on other sites More sharing options...
collinsmith Posted March 24, 2011 Report Share Posted March 24, 2011 share your tpl,,tqq Here you go: http://www.mediafire.com/?986dkab8cb7bfjh domonkos, mykap, Sesshoumaru and 1 other 4 Quote Link to comment Share on other sites More sharing options...
derricktan Posted March 25, 2011 Report Share Posted March 25, 2011 Hi Collin, Thank you so much for the template. Can you pls kindly expalin a little on how you set the range of the breakout and what is your entry point for the buy & sell. Also how do you use the MFI to helps? Thank you Rgds Derrick Quote Link to comment Share on other sites More sharing options...
collinsmith Posted March 25, 2011 Report Share Posted March 25, 2011 Hi Collin, Thank you so much for the template. Can you pls kindly expalin a little on how you set the range of the breakout and what is your entry point for the buy & sell. Also how do you use the MFI to helps? Thank you Rgds Derrick Hi derricktan, I only uses the H1 time frame, as shown in saambask's chart. About the money flow indicator, saambask mentions using it for the exit rules which I didn't really make use of since I prefer my personal exit methods instead (ratio 1:1 or exit at big numbers). The only indicator that I watch is the 3 MAs, which as long as any of them starts crossing I will look for the BB squeezing sign. Once BB starts to show sign of breaking out of the squeeze I start putting in stop entries 10 pips away from both the top and bottom BB (indicated by saambask post in the beginning). Use the other end of the BB line as your stoploss. This is just my first demo test, so some of the rules may need to be tweeted along the way. Regards, Collin Quote Link to comment Share on other sites More sharing options...
saambask Posted March 25, 2011 Author Report Share Posted March 25, 2011 (edited) Hi derricktan, I only uses the H1 time frame, as shown in saambask's chart. About the money flow indicator, saambask mentions using it for the exit rules which I didn't really make use of since I prefer my personal exit methods instead (ratio 1:1 or exit at big numbers). The only indicator that I watch is the 3 MAs, which as long as any of them starts crossing I will look for the BB squeezing sign. Once BB starts to show sign of breaking out of the squeeze I start putting in stop entries 10 pips away from both the top and bottom BB (indicated by saambask post in the beginning). Use the other end of the BB line as your stoploss. This is just my first demo test, so some of the rules may need to be tweeted along the way. Regards, Collin hi collinsmith, i rejoined this forum activity.i was upset by some members rude responses like juicity.i dont know why they came into this forum,playing with forex toys.oneday it will eat them. ok coming to the point,you did good job you did exactly correct.for better exit strategies iam looking for years.i want attach my rangebreakout zipfile here but it is not possible.i dont like upload websites.so people can download it from my thread in another forum. http://www.worldwide-invest.org/trading-systems-strategies/2665-range-breakout.html Edited March 25, 2011 by saambask retireme, Diesel 10, domonkos and 1 other 4 Quote Link to comment Share on other sites More sharing options...
derricktan Posted March 25, 2011 Report Share Posted March 25, 2011 Hi Collin, Thank you very much for your explanation. I understand now. Best rgds Derrick Quote Link to comment Share on other sites More sharing options...
collinsmith Posted March 25, 2011 Report Share Posted March 25, 2011 Hi saambask, I believe different people have different level of requirement for a system's rules and explanations, since we all come from vast types of background. So understandable some will definitely request for more precise rules of entries/exits while others prefer compromising and twisting instead. Your range breakout system is definitely one of the better one that I find workable. Hourly chart could be an issue to some working people, but it is something worth looking into. Again, I would like to thank you for your kind sharing. It does make my learning curve much better. Regards, Collin Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 25, 2011 Report Share Posted March 25, 2011 "Maybe you should explain things. You entry (sell) does not make sense compared to your blue range box in pic 1." Wow, how rude of me to point out your picture doesn't make sense. I think you need to 'Grow a set' and man up. If someone wrote that about me, I'd say "Sorry, that entry is from something different." and it would be over with. Moving forward, good luck with it, I hope it is a great system. saambask 1 Quote Link to comment Share on other sites More sharing options...
saambask Posted March 25, 2011 Author Report Share Posted March 25, 2011 "Maybe you should explain things. You entry (sell) does not make sense compared to your blue range box in pic 1." Wow, how rude of me to point out your picture doesn't make sense. I think you need to 'Grow a set' and man up. If someone wrote that about me, I'd say "Sorry, that entry is from something different." and it would be over with. Moving forward, good luck with it, I hope it is a great system. hi juicyt, all of us here are learning from each others.next time i will post with clear explanations.i didnt noticed my sell in first post when i attach here. thank you ms reddy Quote Link to comment Share on other sites More sharing options...
PipPip_Hurray Posted March 25, 2011 Report Share Posted March 25, 2011 Thank you for sharing your ideas! Would a BB squeeze indicator help to recognize a good setup? There are MT4 versions of the indicator posted. The video also describes a possible exit strategy. Video: http://www.tradethemarkets.com/products/item5.cfm Quote Link to comment Share on other sites More sharing options...
saambask Posted March 28, 2011 Author Report Share Posted March 28, 2011 waiting for breakout in audusd http://i.imgur.com/bQjUt.gif Quote Link to comment Share on other sites More sharing options...
saambask Posted March 28, 2011 Author Report Share Posted March 28, 2011 AND THIS IS BREAKOUT .I CLOSED MY TRADE WITH 1:1 RATIO JUST NOW http://i.imgur.com/CUbaS.gif Quote Link to comment Share on other sites More sharing options...
et_phonehome_2 Posted March 29, 2011 Report Share Posted March 29, 2011 (edited) Looks like an interesting system, will try it out... Do you use the other indicators below the chart in your trading? Edited March 29, 2011 by et_phonehome_2 Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted March 29, 2011 Report Share Posted March 29, 2011 Hi, Here is the eBook explain some concept behind: http://www.mediafire.com/?vt13w1qjuj5jovh Quote Link to comment Share on other sites More sharing options...
saambask Posted March 30, 2011 Author Report Share Posted March 30, 2011 good, nice description.it gave me idea to use parabplic sar also.for me i use macd or mfi to see the breakout.those two are perfect while breakout Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted March 30, 2011 Report Share Posted March 30, 2011 good, nice description.it gave me idea to use parabplic sar also.for me i use macd or mfi to see the breakout.those two are perfect while breakout Thanks for sharing your system. If not too much trouble, can you please explain how you use MACD and MFI in this system. Regards. Quote Link to comment Share on other sites More sharing options...
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