Group Hug

4H Banker Buster

No, the SL was not moved to BE. It allows for the use of SmartStop and/or a predefined TS. Pharoah is in the process of trying to find out from the programmer whether or not they work in conjunction or if we have the choice of using one or the ...

4H Banker Buster

Being that we are dealing with "the beast" in this pair, it is fair that she needs a little more breathing room than most other pairs. In back testing I was seeing that setting the box higher/lower than 140 pips was yielding lower net profits, less ...

4H Banker Buster

I would like to correct you on one thing Pharoah... the box size is actually 140 pips (70 above close/70 below close). The figure entered into the parameters only accounts for one side and then doubles it when it draws the box.

4H Banker Buster

I would also like to note that these results were derived based on risking around 3.3% of account equity per trade.

4H Banker Buster

Billy Mays would have been proud of you. Great stuff!

4H Box Breakout

no doubt... I need to call my bookee!

4H Box Breakout

... you're just too good Yen.

4H Box Breakout

Well done... nice chart.... great explanation. You get an "A+"...

4H Banker Buster

ouch...

4H Box Breakout

Saturday morning... big bowl of cheerios.... and Looney Tunes on the T.V. Aaaahhhhh.... those were the days. Wait a minute..... that was last Saturday. And I digress.....

4H Box Breakout

I think I hear woody woodpecker coming.

4H Box Breakout

Here's the new box with targets assuming what we have been discussing in the previous posts: Notice how price has been consolidating within the new box for the past two days..... which is a good sign that another breakout may be on the horizon. I ...

4H Box Breakout

All we need now is an EA to test this. I wish I was a programmer, but I still have to take off my socks when I count to more than 10

4H Box Breakout

That's what I said.... or at least what I meant

4H Box Breakout

So for instance with this week, you can see that if you opened with 2 positions (using proper MM) you would have been long at 140.85. First position would've closed at TP1 (141.85) and second position would've closed just below TP3 (143.50) using ...

4H Box Breakout

I hadn't thought of it this way, but it does add an interesting element to the system. So essentially, we're forming new boxes once the previous boxes trade had been closed/stopped out according to "system rules"? This could have the potential to be ...

4H Box Breakout

I think what Yonnie saying is that no matter what the size of the first H4 candle you simply add 50 pips to the close of the candle (making this the high of the box) and subtract 50 pips from the close of the candle (making this the low of the box). ...

4H Box Breakout

Don't get me started Yen.... there's already plenty of yuk, yuk going on in here. I should be studying charts, but now you've compelled me to start scouring google for pictures or burros, burritos, beer and tequila..... actually that's not a bad ...

4H Box Breakout

So just to confirm... is this adjusted box variation only for boxes that start the week with 200+ pips?

4H Box Breakout