Thread: 1H Cubicle Breakout System

TOTAL VISUAL UPDATE 25 AUG @ 20:00 GMT

I've removed the First Edition of my Machine. That can be UPDATE II

Please start the new .zip document to the current set up (screen shot of my installation connected)

Trading principles are the same. . .only thing that changed is supporting visual/confirmation indiors.

I added the Snake Meter because it gives real-time multi-time frame colour signals. . .For example. I just take trades when the 4H is the colour.

I added Waddah Attar Trend because it is MUCH better than the AO. . .when utilized as a Signal Arrow affirmation indy it will ELIMINATE false trades.


READ THE ATTACHED WORD DOCUMENT
Pairs: GBP/USD appropriate today. . .GBP/JPY in the future
Time Frame: 1H
UPDATE******* STOP LOSS IS NOW: The Fractal prior to the entrance candle, or in other words the amount you used to haul the Fib plot to*******

UPDATE: 25 AUG I've gotten rid of this AO and added the Waddah Attar Trend meter..very accurate and non-repainting.

Usage is as follows:
After inputting on the break of this sign candle confirm movement of trade with corresponding WAT colour bar


This really is:
1. A 1H breakout egy is a Price Action/Fibonacci based trading egy.
2. A simple, repeatable mechanical trading platform
3. A template which can be implemented via the trader to achieve a particular and defined profit

This really is NOT:
1. The Holy Grail
2. An indior laden, user intensive trading platform
3. A trading system with particular Pip targets (exit at 5, or 10 Pips)

Why I'm doing this:
I wish to enhance my trade execution order (see record) via a much better method to leaving a trade after the 161.8 level has been hit. (Trailing stop experimentation)

Everything you will get out of doing this:
You will get confidence in practicing, sparking a mechanical thought process and trade execution sequence. You will gain an comprehension of all trades are affected by Fibonacciyou will learn to control master and greed patience.

The easiest thing about my system:
It can be implemented using a simple checklist, allowing to get ZERO user enter...just execute the process steps in order.

The hardest thing about my system:
You will enter trades to get short/medium/long durations, all which are entirely out of your hands...that you MUST wait for your goal to be attained.
Oh yeah, and also the Stop Loss is 150 pips out of your entrance.

The most important point to consider:
Trust the transaction, and keep in until the goal is attained.

Concept:
by using the ScalperSignal alerts that are based on PA and MA correlation, the 1H Cubicle Breakout Strategy triggers trades that once the entrance criteria is fulfilled will take the transaction to a profit amount of 161.8, 80% of the time on GBP/USD. (More pairs in testing)
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The secret to this fib plots is in the doc, in addition to ALL settings, along with other info. Please get the .zip it will include everything. Adding my template.

I trust my explanation on both image/words will meet any readers queries. If you DO have a query, please post it HERE. . .DO NOT PM me!!!! Thank you.

-Darren

Probability Analysis:
Therefore, there's a 5% Chance we will just hit 138.2 Fib

A 80% Chance we will hit 161.8

A 45% Chance we will hit 261.8

A 15% Chance we won't hit any amount for example 138.2 (Total Failure)


I believe those are pretty good chances.

Largest drawdown before hitting 161.8 or 261.8 has been -150 pips.

I'd say on ANY trade you would need a prevent loss of 200 pips! I know, I know...crazy...but look at the odds.

There were just two Drawdowns over 100 pips prior to hitting 161.8/261.8...therefore it would be well worth the pain for a little while.

Just set the TP level and neglect.

The average Trade pip profit was @ 40 pips (LOW AVG)...so from May 1 09 to Today...that's a net profit of 5,400 pips...on ONE pair.

https://www.forexsoutheast.asia/atta...7627925399.pdf

https://www.forexsoutheast.asia/atta...3206120106.zip

There is no Scalper signal indior in the new folder. Pls, can anybody help us out? Thanks!

If you would like to try this system out, this is precisely what I am requesting:

Everyone bring up a chart of GU together with my template etc.. .

I would like you each to post a picture of a false entry....

Go back 2 years if you would like, but find a false entry and clarify EXACTLY why it's a false entry.

-Darren

Hello,

I am unable to open the files together with either Word or excel.

Hi pillouti, I am attempting to receive my chart appearing like yours but I can't appear to determine what the two settings are referring to.

My pivot point for today shows up as 1.65212, which I think is higher than yours. However, the day start is marked on the candle :/

Originally Posted by ;

Probability Analysis:
Therefore, there is a 5% Chance we will only hit 138.2 Fib

A 80% Chance we'll strike 161.8

A 45% Chance we'll strike 261.8

A 15% Chance we won't reach any level including 138.2 (Total Failure)


I think those are pretty good chances.

Largest drawdown before hitting 161.8 or 261.8 was -150 pips.

I would say on ANY commerce you would need a stop loss of 200 pips! I know I know...crazy...but examine the odds.

Only doing the chances... if we only have an 80% chance of reaching the 161.8 target, then for each 100 transactions we get (at an average win of 40 per commerce and average reduction of 150):

80 * 40 = 3200 pips win
20 * 150 = 3000 pips reduction.

Practically breakeven, assuming that your stats are right. Or is there? :/

Additionally, I Cannot open Record

It won't open for me.
I had to download about 100 Meg of MSOffice updates to bring this up to 2007. It still wont open it. It says that the file has a mistake.

Most everybody has a .pdf reader. Much simpler. The file is listed below.
https://www.forexsoutheast.asia/atta...1066785877.pdf

Thanks guys.