See the blue candle 2 bars ago? Price went through the black dot (M5 2-bar high) and there was about a 10 - 15 pip profit depending on how fast you were.
Another quick kill for the cheetah.
Entry at 1.5400 and exit at 1.5418. Over in less than 5 minutes.
Slightly off topic but I believe my prediction was 93.44 percent.
With a certain degree of uncertainty of course.
hey jaquille,
i believe you have traded this system long enough to know that it works in ranging and trending markets?
secondly, i noticed that you enter a trade when price = 2 bar hi/lo. not when it breaks 2 bar hi/lo. in a ranging market does that increase the losses? or do they average out?
Perceiving the markets as ranging or trending is exactly that - YOUR PERCEPTION. Price goes up and down. You can always say that price is ranging and trending at the same time - the reference points are different. Once you stop labeling you will begin to see things as they are rather than if they fit a label.
What I do is enter at the 2 bar high or low and not think about anything else.
The Cheetah knows when to hunt and when not to hunt and when to break off a hunt. Try to learn that about trading and watch your balance increase. 
are you combining cheetah with mmtt? since you seem to be posting there too.
What I am doing is taking 2-bar break outs when the price is outside of the daily 2 period SMMA. You can consider that “combining” if you like. I also take 2-bar break outs at other price levels.
Another quick kill.
The edge from the 2-Bar break out comes from the average number of pips won vs average number of pips lost and quitting when you hit the goal. Analyze the gbpusd D1 2-Bar break out and you should come to the same conclusion that 4 out of 5 times the break out will be 20 pips or more. For H1, 3 out of 4 times the gbpusd break out is 5 pips or more. For M5, it’s about 50/50 the gbpusd break out is 5 pips or more. Don’t take my word for it. Do your own analysis. Let us know your results.
Taking the quick kills until the big move happens.
This brings to mind a question I had: The significance of price stepping outside the 2-period daily MAs is well-established in history. I’m just not so sure that price stepping outside the high/low of two candles on the 5m chart has the same significance? So fakeouts - or just random market noise - would seem to kill this kind of trading on the 5m charts. Your 50/50 statement to that effect makes an impression.
This also brings to mind TPs and SLs for each TF you’d trade the 2-bar breakout. For 5m you’ve established the 5 pips as the if-it-breaks-slowly-take-five-pips-it-it-breaks-fast-let-it-run point. I’d assume you’d set an entry trade with a SL of no more than 5 pips for this kind of cheetah trade.
But what of the hourly and daily? Should the slow-breakout TP for daily be 20 pips (10-pip initial SL?) and the hourly remain 5 pips (5-pip initial SL)? If so, perhaps dropping the 2-bar breakouts for the 5m chart altogether is the way to go. Seems like the 5/5-pip risk:reward ratio combined with the 50% win rate would spell disaster sooner or later…
The answer is “no”, I don’t handle the breakouts any differently. I have posted my stop loss formula more than once. One cannot out think or predict the market. To profit, you have to execute and have an edge. Both are necessary. It is not a “disaster” because I quit after I reach my conservative daily goal or daily loss limit so “disaster” is not courted.
Trading around news releases can be fun and profitable.
A failure to make a new H1 2-Bar low created a M5 2-Bar High break out trade.
The last red bar was a loss. The next entry on the blue bar that followed made up for the loss.
I’m not talking about your stop-loss formula, we all have that. I am talking about the actual SL value in pips per trade, depending on the TF and the various TPs for the TFs mentioned. I was looking for more illumination from people trying to use this. Anyone?