DislikedSorry forgot to mention i use 7 + spread for a BUY and just 7 for a SELL.Ignored
Greg
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DislikedSorry forgot to mention i use 7 + spread for a BUY and just 7 for a SELL.Ignored
DislikedHi, thanks for your feedback, i am not sure to understand crearly your strategy, can you post an chart with you entries ? thanks
GregIgnored
DislikedHi Greg - The strategy is exactly the same principle as the thread starter (1st post), please refer to that thread. However i simply use the 5am to 7.15 candle, which actually closeS at 7.30 REAL TIME. Draw your box, same as thread starter mentions in post 1, but only difference is add 7 + spread for a BUY and just -7 for a SELL.
This strategy has been taken to bits, so don't really want to get into another debate over candles, times, etc, etc. It is simply exactly the same as thread starter, but slightly different times, set SL & PT and the inclusion...Ignored
DislikedI have read through this whole thread and there's now so many different variations. I have been trading this system using the 5am to 7.15 candle, so this means i don't take a trade till after 7.30 (hope that makes sense). I use the 15 min charts for this and take the range between these candles for my stop, however i never exceed 40 pips, so if the range happens to be say 64 or whatever, i still only set it at 40. I have a profit limit of 30 and that's it. For Oct i have had 14 wins and 5 losses, so total pips for the month so far is 220pips for...Ignored
DislikedHi there - i trade London time because i'm simply trying to catch the London Breakout, so on a very basic level all i am trying to do is catch the movement at the beginning of the working day in the UK (so basically when the big players are starting to trade in the morning).
I do not get involved in the daylight changes, just use 5am till 7.15am, 15min chart, using IG index quick charts, very simple. No indicators, nothing, just draw your lines at 5am and 7.15am, which actually closes at 7.30 (check clock on laptop) and that's it.
Good results,...Ignored
DislikedHi, thanks for your reply, i use same set of this thread 5 to 7:15 and 7 pips buffer like you, the thing than i don't understand is the "closes at 7:30" do you mean you close the open orders at 7:30 ? you stop the EA at 7:30 if the orders were not triggered ? or something else ? sorry for that .
thanks
GregIgnored
DislikedScullmeister - great simple strategy - I am always a big fan of KISS
One question that I have for you (and please excuse my ignorance if I have missed your answer on this thread): do you just trade one currency pair?
Have you tried other pairs? And if so, does the basic strategy stay the same?
Thanks in advance for your response
Happy pipping
Austin
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DislikedSo for today.
Buy at 1.6393
Sell at 1.6336
TP 30pips
SL 40 pips
Is this correct ?
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DislikedYes more or less, i have the following:
Buy at 1.6394
Sell at 1.6337.6
TP 30pips
SL 40 pips
I use IG quick charts, so may be a slight difference, but don't worry about a pip or two, as it's not an exact science. Had a loss on Mon and a win yesterday, so lets see what today brings.
I have backtested best i can and written down in my journal why the breakout has losers some days and it's mostly down to either rangy market conditions or news announcements that didn't quite go our way.
But at the end of the day you have to accept losers as...Ignored
DislikedYes more or less, i have the following:
Buy at 1.6394
Sell at 1.6337.6
TP 30pips
SL 40 pips
I use IG quick charts, so may be a slight difference, but don't worry about a pip or two, as it's not an exact science. Had a loss on Mon and a win yesterday, so lets see what today brings.
I have backtested best i can and written down in my journal why the breakout has losers some days and it's mostly down to either rangy market conditions or news announcements that didn't quite go our way.
But at the end of the day you have to accept losers as...Ignored
Dislikedhi guys,
have just thrown Scull's method on a backtest of this year. 2 lots of results attached, 1 with an 85 ema filter added and 1 without.
the higher result is with the ema filter
cheers
Grant
ps had to zip the files as they would attachIgnored
Dislikedhi guys,
have just thrown Scull's method on a backtest of this year. 2 lots of results attached, 1 with an 85 ema filter added and 1 without.
the higher result is with the ema filter
cheers
Grant
ps had to zip the files as they would attachIgnored
DislikedOut of town for a few week
modified the EA already
add the Tp2 Tp3 lot size
and ..the lot size control
my idea is
you can buy one extra unit for extra equity (say $400)
if ur equity has $1600, you can buy 4 unit lot
when you enter Lots is 0.1 Lot_TP2 0.2 ....
the lot enter will be 0.1*4 = 0.4 lot for Tp1 and 0.2*4 for TP2, same as TP3
if ur equity has $1325, you can only buy 3 unit lot.....Ignored
Dislikedi only trade in the direction of the 85ema, so if price is below the ema go short and if price is above the ema go long. if ema value is about the same as price i pass that day...
also in that backtest i used 7 buffer long and 5 short...
your exact buffers are in this test, long i made 10 to include spread and short 7 with orders canceled at 10 am gmt, no ema filter and 1 trade per day.
again risk was 1% per trade
cheers
GrantIgnored