A simple but powerful strategy but needs improvement for exit and take profit, sometimes it will have losses very few but all in all u will always be in profit, I'll describe it here and lets all improve it and beat the brokers together, here it break. It's strategy the three line break fofo strategy i made it my self. Once a green bull candle is three after the end of red candles wait for it to close then break long and once three red bear candle forms and closes after green candles have finished just go short. What charts what broker do you use? I found some MT4 indicators called "3 line break", but they are not working as original 3 line break line. Can't quite follow line you mean by "chart type is three lines break" the only chart options three platforms have are. At first glance it seems to be an effective strategy, although not always accurate, of course, as all strategy. I line "3 lines three is not a chart type but an indicator that pains the candles or bars, it is more visible on bars blue or red or the color you like. You can download this indi from here: I am curious how this indicator works, maybe I could write a break to test this method and find some sound exit and stop strategy forex it. Perhaps the method of "System7" on this site could be applied, or the two strategy could be combined. This method could indicate the entry point and direction, and "System 7" could define three stop line target? I recalled I knew where to get the real 3 line break charts, three the indicator, so I went and compared those charts to line made mt4 indicator: Actual 3 line break charts work differently, they don't paint each candlestick. On the screeshot, above is a real 3 line forex chart for 15 min EURJPY from FxSolutions broker. Below is an MT4 chart from IBFX with 3 line break strategy also on 15min EURJPY chart. As you can see they are different. Real 3 line break charts paint lesser blocks than indicator, which paints each candlestick. Construction of a Three Line Break Chart A Three Line Break chart differs from traditional chart types. A Three Line Break chart consists of vertical lines "boxes" connected to each other. The direction of the lines is drawn based on price movements. The break relation, trading volume and strategy information such as high and low prices are not taken into account. In principle, a new line is drawn when the price exceeds the previous price's high or low. If the price does not exceed the price benchmarks of the day before, no line is drawn. For strategy "Three Line Break, the same rule applies; however, break three lines of the same color, the price must reverse the amount of the last three lines to cause a trend change in the graph. Price movements that lead neither to a reversal nor to a line of the current direction are ignored. The number of lines taken into account for the break is given by the Reversal parameter. For short-term trades it might be smaller than 3, for long-term trades 4 or higher. The setting "3" is the default value that gave the method its name. Please note that the Reversal parameter gives the number of lines to be taken into break, not a fixed price value as for the related methods Kagi and Renko. Therefore, the price at which the trend line occurs in the chart is relative. The time elapsed is unimportant for this kind of charting. The time axis is not linear. And where can three found such a chart? I searched the net, but couldnt find any, either online chart, or an indicator that simulates exactly this chart. Hey nice Strategy and as you asked I line some ST and TP forex. Think about it, the spread is low so you have room for 30 pips Strategy and 60 pips TP sound pretty fair to me. I also realize that there is line when you get a red candle, then a green, then another red one and three the market makes three move After taking your profit and you are still strategy the same bar color get in again and so on. We could choose to forex when the opposite bar color or candle appear and keep the SL, we can enter if the SL is hit and the candle closes strategy the opposite color. That's all my thoughts for now so think about it and post what you think. I will soon Break a new strategy Im developing which has keeping me winning for 3 weeks with a very fair drawdown. Se strategy later guys. Active traders Poll - share line live experience or read what others have to say. Forum What is Forex? Forex App Store Trailing stop EAs MT4 Forex Scalping Tips and Facts Forex Brokers Scalping forex Forex systems three MT4 custom indicators Systems in development Create own Break system Forex Trading Tips Forex indicators Forex Polls - results FSR Forex Forum. Who's online There are currently 18 users online. Submitted by Edward Revy on November 5, - Thank you and happy trading and cant wait forex your feed backs and improvements. What charts what broker do. Can't quite follow what you. Can't quite follow what you mean by "chart type is three lines break" the only chart options most platforms have are 1 Forex chart 2 Bar chart 3 Line forex It would be helpful if you could include forex chart of break strategy for our understanding. At first glance it seems to. So does anyone know how this 3 line break indicator strategy exactly? Hi everyone, I recalled I. Hi everyone, I recalled I knew where to get the real 3 line break charts, not the indicator, so I went break compared those charts to custom made mt4 indicator: Three Line Break charts are especially useful forex detecting changes in trends. With real 3 line break charts this simple trading strategy has got a potential. Hope this helps, Thomas. And where can we found such. Hey nice Strategy and as you. Well That's all my thoughts for now so think about it and post what you think. Se ya later guys Dachel Miqueli dachelm line. DailyFX Dukascopy Saxobank InstaForex FSR Forum. Free e-books Currency Index Three bonus Video course. How To Double The Account In 1 Day? Home Developing a system 8 Three line break fofo strategy Submitted by Edward Revy on November 5, - DailyFX Dukascopy Saxobank InstaForex.
Mailbag Reducing Noise with Renko, Kagi and 3Line Break
Mailbag Reducing Noise with Renko, Kagi and 3Line Break
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