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Forecast System

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Brand New Strategy.

Three Month Rent is $30.

ONE YEAR RENT ONLY $50.

FREE EURUSD VERSION AVAILABLE UNDER << Forecast System Gift >>. NO NEED FOR BACKTEST!

Link to the FREE version --> https://www.mql5.com/en/market/product/110085?source=Site

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This is a simple strategy based on BREAKOUT and FIBONACCI levels.

After a breakout, either, the market:

- continues the move directly to the 161, 261 and 423 levels, or

- retraces to the 50% level (also called a correction) and thereafter continues the move in the initial direction to the 161, 261 and 423 levels... or continues and makes a trend change.

Be aware: Trend behaves like the wind... it can change at any moment, sometimes it blows very hard, sometimes is doesn't blow at all.

The key of the system is the detection of the breakout bar indicated in green (UPTREND) or red (DOWNTREND).

At the moment of breakout the fibonacci target levels are calculated & drawn on the chart. The breakout moment generates a signal (green/red arrow).

There is a retrace level... and three target levels. Optimal trades start at the retrace level, however this level is not always triggered.

In  order to filter trades... the latest version has a rectangle signal/object (4 squares) that indicates the main trend, and thus is the recommended trade direction.

You trade away from the object (when close) or onwards the object (when far away).

The object is the moving average EMA 200 value on period H4.
When price is below... it's downtrend. When price is above... it's uptrend.
Please, also take into account the slope direction of the EMA 200.

Works for every forex pair and timeframe (period).

Includes pop-up alerts and mql5 notifications.

Please private message me for any question, additional guidance & extra indicators that I use.

Happy Trading to You!

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--- FREE VERSION - WORKS ONY ON EURUSD ------------------------------------------------------------------- This is a unique breakout strategy that is used for determination of the next short term trend/move. The full system is available on MQL5 under the name "Forecast System". Here is the link -->  https://www.mql5.com/en/market/product/104166?source=Site Backtest is not possible, because calculations are done based on the data of all timeframes/periods. Therefore I propose you use the technol
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Version 1.10 2024.01.04
- Upgraded to multiperiod functionality
- Enhanced user interface
- Corrected a few bugs
Happy Trading to You!
Version 1.9 2023.12.27
1. There was a wrong formula in the uptrend fibo calculations. Corrected that one.
2. Added a feature to display also the breakouts on M1 and M5. You have to enable that one in the settings (default is "false"). This feature is useful for detecting early the reversals in between the target levels.
Happy Trading to You!
Version 1.8 2023.12.14
New interface.
Only the M15 signals and targets displayed.
Also added the H4 EMA 200 arrow (big arrow on shift 1).
Recommended to engage when price is close this arrow.
Always trade in the direction of the EMA 200 arrow.
Please put this indicator in Window 1.
There is a setting for the height of the other Windows.
Recommended background is BLACK.
Enjoy Your Trading!
Version 1.7 2023.09.01
Stable version - With Sweet Spot Lines - Fully customisable - Happy Trading to You!
Version 1.6 2023.08.27
Dear Trader, this is a stable version.
I simplified the use of the system very much.
Now the interface has focus to the relevant signals: BREAKOUT signal and BOTTOM/TOP signals.
Also there should be no problems when strategy testing the strategy.
Happy Trading to You!
Version 1.5 2023.08.27
Upgraded to version 5.

1. Checked the strategy tester.
2. Implemented extra settings for the signals.
The WPR Signal is repainting. Therefore the setting is default als "false".
I do not recommend to use this signal for beginners.
Once you are familiar with the tool you can use it.
When repainting a lot... it's indication of trend reversal coming up.

When combining with a good trend tool combined with good support & resistance practices, this strategy will help you succeed.
Please use it on demo version first. Forex is similar to learning riding a bike. Once you know how to do, you will never forget.

Happy Trading to You!
Version 1.4 2023.08.25
Updated the settings & checked the strategy tester.
Version 1.3 2023.08.25
This version also works in the strategy tester. Happy Trading to You!
Version 1.2 2023.08.24
Stable version. Enhanced communication messages & added a few settings. Happy Trading to You!
Version 1.1 2023.08.24
This version includes settings for colors and display of the breakout (CCI) parameters. Happy Trading to You!