I mean doubling a potential second or third counter / recovery trade. I think I was reading that from the notes BO provided a few days earlier. What I tried to say is, that direction seems to play no big role here for your statistical winning edge. ...

Billytt Die happy trading e/j daily breakout

I don’t actually understand why any chart here is important at all, as far as I understand it’s about setting two orders at distance, wait which order gets executed, if tp hit done. Wait for the net day to do the same. If retrace wait until second ...

Billytt Die happy trading e/j daily breakout

Is that how "08:00 Billy M15 Bar" is traded? image So SELL order would have been executed at low of 08:00 bar hitting +5 At what point/time/criteria any counter trade would be placed if the trade retraces back before hitting TP, and then what?

Billytt Die happy trading e/j daily breakout

Yes. Good Point. Did not check for any news. Not sure if allowed to name Brokers here, don't want to advertise. You can send me PM. Commission = $4,52 / Lot Spread = 0.0 - 1 This Spread was 0,1 i think on this particular trade.

Billytt Die happy trading e/j daily breakout

Thanks claudia, missed your post on this one. Will look at it, thanks.

Billytt Die happy trading e/j daily breakout

I know, i was trying out with setting up trades like soccerfan did recommend to me since frankfurt open. Now as i could not find a way to do this properly after trying different scripts this morning which all not worked, yes i missed the UK Open in ...

Billytt Die happy trading e/j daily breakout

I tried. But could not manage to open two trades BUY/SELL at same time with a fixed distance in points including TP/SL. The moment i set the orders they are already executed... I am using a 5 digit broker. 1 Pip can fluctuate in no time, so i guess ...

Billytt Die happy trading e/j daily breakout

image

Billytt Die happy trading e/j daily breakout

Did you mean placing the buy + sell simultaneously with a 5 Pips distance? If doing this manually, what if i can't double the size of the second order anymore because price jumped there just in that second? Also what if price jumped 5 pips up and ...

Billytt Die happy trading e/j daily breakout

One more question. If that first trade of the day turns out to be a loss I guess I should avoid any further trade for the day, take that -10 Pips at doubled position size and wait for the next days 8:15 bar?

Billytt Die happy trading e/j daily breakout

Yes it makes sense. I tried trading the London breakout earlier but without having some clear instructions also following some lagging indicators. I either ended up with a a lot of false breakouts instantly hitting my SL, 5-10 Pips or a RR 1:2 TP ...

Billytt Die happy trading e/j daily breakout

Thanks a lot Claudia, appreciate your kind help. Yes, that was one of the main reasons to me to find something I can try to get a working routine by just trading one market for some time.

Billytt Die happy trading e/j daily breakout

I am amazed about the simplicity but still feel hard to believe this will be a game changer to me, if it would be that „easy“ to become profitable I wonder why there are a 90% of people still losing money and not everyone rich as hell. Yeah, will ...

Billytt Die happy trading e/j daily breakout

What about watching the M1 candle to close at 8:14 and then execute these two market orders at the time 8:14 candle closes at 8:14:59? Could this not be programmed in some way, if it’s that simple and only needs price opens to define the entry? So ...

Billytt Die happy trading e/j daily breakout

I am not sure how exactly I would create these orders as I don’t know what the open price will be at 8:15 and therefor also can’t execute a order 5 pips away from it where price is still unknown to me at that time. Same for doubling on the opposite ...

Billytt Die happy trading e/j daily breakout

Thats why I am here, to learn from good traders actually spending their valuable life time for making money by the end of a day and that consistently and not like many of those I listened to so far here on FF obviously doing that because they like ...

Billytt Die happy trading e/j daily breakout

Yes English isn’t my mother language so that’s already a little problem. I am from Germany btw, about 2 hours next to Frankfurt. Thanks for your detailed comments to my questions, it already makes more sense now to me. I did misunderstand the idea ...

Billytt Die happy trading e/j daily breakout

Thank you. Ok. But I got it right that for the entry I would simply place a buy and sell at the high/low of the 8:00 bar aiming for a 5 Pips/5% fixed TP, if succeed, no more trade for the day, if no succeed take the loss (of what ever that would be) ...

Billytt Die happy trading e/j daily breakout

I am not looking for a trading robot nor asked for. It’s just hard to understand for me so far what exactly the method is and how its applied. Looking at some past charts might help the more experienced traders but for me still most of the stuff is ...

Billytt Die happy trading e/j daily breakout

Well, then what should a backtest help at all if you say something will mess up the signals no matter if the platform crashed or not?

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