Thread: 1H Cubicle Breakout System

Thanks a lot Redhouse thats great can now open it
Regards

I note that when in a trade, there are often intervening signals.
When that happens, what do you do?
Close your trade?
Ignore the other signs?

Originally Posted by ;

I notice that if in a transaction, there are often intervening signals.
When that occurs, what do you do?
Close to your trade?
Ignore another signs?

I only exit if the target is hit

Originally Posted by ;

I only exit when the target is struck

Can you choose the new signals on top of the present trade?
Can you ignore them?
There are a lot of those.

You need to do one or the other- either input those trades or dismiss them.
You'd have needed to deal with this in your backtesting.
How did you manage them?

Here is something else I discovered.

The chart I'm posting is in the case on your document.

You're displaying drawing your fib in the low of the signal bar to the fractal marked two. You call it the most recent up fractal.

That fractal did not exist at the time of the signal bar completion. A fractal requires two bars to its best.
There was only one completed bar.

You'd have needed to go back until you found a legitimate fractal greater than the high of the signal bar. This might have been a week or a month and an extra 100 pips plus a TP much further away.

In the event that you backtested using nonexistant fractals, like this, it would effect your results- maybe for the better, maybe for the worse.

Originally Posted by ;

What this is:
1. A 1H breakout egy is a Price Action/Fibonacci based trading egy.

It looks like we may have had similar thoughts, Mate. Have a look HERE.



Let's see if we can figure it out.

He is employing a fractal instead of 5-bar.

Please explain

Originally Posted by ;

Perhaps he is employing a 3-bar fractal instead of 5-bar.

Please explain

He is not. Not that he supplied.
He is using the MT4 default fractal, which is 5 pubs.

Originally Posted by ;

Here is something else I noticed.

The chart I'm posting is from the example on your document.

You're displaying drawing on your fib from the low of the sign bar to the fractal marked two. You call it the latest up fractal.

That fractal did not exist at the time of the sign bar completion. A fractal requires two finished bars to its best.
There was just one finished bar.

You would have had to return till you found a legitimate fractal higher than the high of the sign bar. This might have been a week or a month and an additional...

great point. I neglected to mention that one the PA has generated an entry I don't draw the fib plot until after the latest fractal has submitted closest to the entry. . .yes Im using the typical mt4 fractal...

alos in relation to the failure rate. . .of that the 21 that failed . . .17 were clearly against the overall trend. So you still need to make decisions that are great.

I know that there are a lot of questions. . .just try out this this week. Then we can talk about particular holes in my program

thabks for all the input!!

Originally Posted by ;

great point. I neglected to mention that one the PA has generated an entrance I don't draw the fib plot until following the latest fractal has submitted closest to the entrance. . .yes Im working with the standard mt4 fractal...

alos in regards to the collapse rate. . .of the 21 that failed . . .17 were against the trend. So you still have to make great choices.

I am aware there are a lot of questions. . .just try this out this week using the checklist. Then we could talk about specific holes in my plan

thabks for all of the input!!

I really don't see how you could wait for the fractal to form.

The next bar could be the entry bar. Without having anchored your fib to a fractal, in the time the order was placed, you don't have any TP point. It'd be a blind trade, with just a SL, before that bar closed, an hour afterwards.

Originally Posted by ;

alos about the collapse rate. . .of the 21 that failed . . .17 were against the trend. So you still have to make great choices.

How did you ascertain the total trend to reach this conclusion?