Never whishing, always trading.
London Open Breakout Strategy for GBPUSD 18 replies
GBPUSD Breakout Trading System 18 replies
15 min indicator on 5 min chart 3 replies
Backtesting w/ 1 min tick gap 0 replies
5 min forex with Oanda 11 replies
DislikedAre you trading on a live account? How much are you actually trading? For stop hunting to exist with a proper broker they have to be looking at your particular account and using your stop loss and take profit to control everyone elses. If this is the case I would suggest you change broker!
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DislikedYes. I am trading on live accounts. I have accounts with several brokers. Basically hunting stops, slippages, requotes etc... are "bread & butter" for them. Can't avoid totally...
Anyway this thread is about the GbpUsd 5 min breakout. Will be glad to discuss Brokers in the other threads..Ignored
DislikedHnosair, not to be mistaken. The SL and TP are hidden.. meaning they will be executed at Market. If possible, pending orders are also hidden.Ignored
Dislikedif this is a breakout strategy, shouldn't the pending orders have short expiration date?Ignored
DislikedYea, I agree. If I could keep my fingers away from the dang mouse, I'd be up 300 pips since 12/09. I've gotta work on trading the plan...Ignored
DislikedMate have you tested last years results...I agree with you guys that this is a great system but it has the potential to wipe out all our gains in a few bad days... We need to refine it a bit so it can be more consistent.. With the greatest of respect to the members of this thread we haven't really discussed if this would work in the long term.. Have a look at the results for May and June 08... Major losses there as far as I can see.. TBH I don't know how to run a back test but doing it manually the results for that period look dodgy. there are other...Ignored
Dislikedi agree with you. i am trying to build an EA from which, we can backtest and add filters to improve the strategy, if it needs any. however, i am a beginner programmer and it is taking me a little longer than i expected. problem is the mt4 language is not that good. i am slowly adjusting to the language's limits.Ignored
DislikedThats good to hear...I don't even know how to use an EA so you're along way ahead of me... Could I suggest that you look in to only opening the trade if the 5min candle closes above the breakout line as from my visual backtesting many false breakouts could be avoided...anyway just an idea....Ignored
Dislikedno problem. but first, lets get Cain's strategy working.
i have a question, can you manually modify the lots for an order? the modify function in the programming does not allow me to modify lots.
or do i just open a second position with same lot size?Ignored