Simple strategy with 3 indicators: +25% Profit last week on USD/CHF

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Old Apr 19, 2014, 9:37am   #1
Joined Nov 2013
Simple strategy with 3 indicators: +25% Profit last week on USD/CHF

Hello

Here is a very simple strategy:
3 indicators based on Bill Williams indicators (on MT4)
You can trade any pair, any TF

You trade the breakout off the box in a direction of the 4 time higher TF

Simple money management rules

Please check this example from last week on USD/CHF H1:

http://forextrading-tips-advices.blo...-of-trade.html

Let me know what you think

Cheers
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Old Apr 20, 2014, 1:11pm   #2
 
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Originally Posted by FTT59 View Post
Hello

Here is a very simple strategy:
3 indicators based on Bill Williams indicators (on MT4)
You can trade any pair, any TF

You trade the breakout off the box in a direction of the 4 time higher TF

Simple money management rules

Please check this example from last week on USD/CHF H1:

http://forextrading-tips-advices.blo...-of-trade.html

Let me know what you think

Cheers
why would the previous 2 breaks of the box go unnoticed?
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Old Apr 20, 2014, 6:02pm   #3
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why would the previous 2 breaks of the box go unnoticed?
u mean the 2 next breaks? They are a bit late in the move down. the first could have be taken with lower lot size as the ao is close to zl but last one is n't.

thanks for the question
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Old Apr 20, 2014, 7:20pm   #4
 
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u mean the 2 next breaks? They are a bit late in the move down. the first could have be taken with lower lot size as the ao is close to zl but last one is n't.

thanks for the question
no, I mean the two obvious exit points. You have just one exit, right down the bottom on the break of the box, but there are two breaks earlier. why are they not exit points? where I've indicated are identical to just your one exit
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Old Apr 21, 2014, 10:15am   #5
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no, I mean the two obvious exit points. You have just one exit, right down the bottom on the break of the box, but there are two breaks earlier. why are they not exit points? where I've indicated are identical to just your one exit
Ah, ok i got it! You may exit:
at the break off the opposite fractal box
at the red line if no divergence
at the green line if divergence
everytime at the close of the candle.
When you loot at H1 AO, its peaking so you don't want to get out to early. As the red line is close to the box, you would exit at the close of the candle crossing the red line as no divergence between price and ao (which doesn't happen in the circle area) or at the break of the box if price above the red line.
After divergence, as the green line is normally ur exit, the aims box upper level is close so i exit at teh break.
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Old Apr 21, 2014, 10:45am   #6
 
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at the break off the opposite fractal box
so, why weren't the two exit points I've marked an exit in your example?
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Old Apr 21, 2014, 11:20am   #7
 
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Loving the new chart title Malaguti.
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Old Apr 21, 2014, 11:28am   #8
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so, why weren't the two exit points I've marked an exit in your example?
Because no candle has closed above the red line.
Break of the opposite box is only one of the exit.

When you are in a nice move down on H4 (AO peaking south), you dont want to exit too early so you would choose the last exit signals

If you look at H4, its speaks for itself, the price has not even reached the green line.

However, to exit where you circled, is not a mistake, just a bit more protective way

Exit at fractal box is very good when price dropped fast, but when its a nice sweet move down like this, alligator lines are perfect exits
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