Triangular Breakout System - MT4/MT5 Resources
Hello everyone,
After I've spent a lot of time looking at and testing many methods and systems in FF, I now want to share the system I've been using and testing recently with my mini account.
Setup: 30 Minute Chart (EURUSD, USDJPY, EURJPY) ==> I call it a Triangle
So easy to set up
rule:
- View the bar opening price at 01.30 GMT (converted to your own broker time) on each chart (EURUSD, USDJPY, EURJPY).
- For EURUSD and USDJPY, add 50 pips to the opening price at 01.30 GMT, set buy stop to 10 take profit, no stop loss
- For EURJPY, bar open at 01.30 GMT minus 50 pips, set sell stop to 10 take profit, no stop loss
- If one of the orders hits Take Profit, all pending orders are closed
- If 2 pending orders are executed, the pending order that has not yet been executed will be closed. (Let it run until profit or loss is no greater than 10 pips)
We can backtest the system...
Sorry if my English is not good.
Any comments, thoughts, ideas will be welcome.
Maybe the system isn't perfect anymore..
After I've spent a lot of time looking at and testing many methods and systems in FF, I now want to share the system I've been using and testing recently with my mini account.
Setup: 30 Minute Chart (EURUSD, USDJPY, EURJPY) ==> I call it a Triangle
So easy to set up
rule:
- View the bar opening price at 01.30 GMT (converted to your own broker time) on each chart (EURUSD, USDJPY, EURJPY).
- For EURUSD and USDJPY, add 50 pips to the opening price at 01.30 GMT, set buy stop to 10 take profit, no stop loss
- For EURJPY, bar open at 01.30 GMT minus 50 pips, set sell stop to 10 take profit, no stop loss
- If one of the orders hits Take Profit, all pending orders are closed
- If 2 pending orders are executed, the pending order that has not yet been executed will be closed. (Let it run until profit or loss is no greater than 10 pips)
We can backtest the system...
Sorry if my English is not good.
Any comments, thoughts, ideas will be welcome.
Maybe the system isn't perfect anymore..












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