Topic: Breakout Strategies??

Hello i try to test some strategies using breakout concepts but i donot know how , is that because i donot know or the pogram donot perform such logic??

Plz Help
attached here picture shows that setup
thanx

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Trade setup.GIF 3.76 kb, 2 downloads since 2009-12-13 

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Re: Breakout Strategies??

The strategy conditions are not correct. We don't know if the current low is above the previous low before the end of the bar. So we cannot correctly enter long at a breakout during the current bar. If we do so, it's possible the price to drop fast below the previous low. That will break your pattern.

3 (edited by ahmedalhoseny 2009-12-13 17:51:33)

Re: Breakout Strategies??

Dear popov
may i didnot show my setup correctly
what i mean ( the trade trigered afterthe candle No.3 closed and at the same time break the high of candle No,1 this mean i will enter in the open of candle NO.4
Regards

Post's attachments

Trade setup.GIF 6.23 kb, 2 downloads since 2009-12-13 

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Re: Breakout Strategies??

It's much better now.
This pattern is not included in the distributed indicators but it's easy to be added as a custom indicator.
I'll make it and post in the custom indicators thread.

[Edit]

The custom indicator is ready: Three Bars Swing Pattern

Re: Breakout Strategies??

What can i say
You Are the man  big_smile

But may i ask you abou the steps how to integrate that indicator with the software
tongue

Regards

Re: Breakout Strategies??

Download the indicator and put it in the CustomIndicators folder. When you start FSB or FST it will load it and you can use the indicator as the rest ones.

If the program is running, you don't need restarting. Press Ctrl + I and voila, the indicator is in the list.

Re: Breakout Strategies??

Dear popov
its working nicely
and i started to use it but the results were so strange
am i doing things in the wrong way or what??
I used the generator to find this strategy

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Strategy.pdf 40.76 kb, 47 downloads since 2009-12-14 

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