i really think it's profitable
To Tdion and Ronald Raygan:
yeah, it seems like it's funny how ppl vote for a system when it's disscused only for 3 weeks. Although, as it was suggested - backtest it and you will see. This is what I did: Back tested it for 2 months on 5 pairs. then forward-tested on demo for a week. and last week traded it live: 4 pairs - 390 pips! (sl30, tp1 - 15, tp2-25 - if you want to know parameters).
Why do people even ask such questions?! just trade it live for $1 per pip, or if you are in doubts then 50c per pip, or if you are scared 20c - and then increase your pip value when you see results.
Good luck everyone!
Good point Konstas, thanks for sharing your data.
dznmrd, good to have you back !
dzmrd and CATGUY, I have a suggestion, if I may: Would you approve a chat for this subject. I offer myself to do it at no cost of course. I also don't want to hack you thread in any way, shape or form. It's just that I think yourthread is mature and would be good to share our live opinions while trades are in progress. I did not know if i could PM you or post it here.
tommyd, lollll for politics. And yes 15 pips goes a long way! Einstein said it: the biggest force in the Universe is compound interest. Many are looking for the grand slam....
Where are Bull, Learner David, Sonic, Ronald Raygun and Thierry89 ?
The Asian breakout looks iffy at best. But to be fair, it's Monday over there.
Am here...Still Making HOT DOG wif BIg Dog system,,,
Relax dude,,,it is just monday...and As for Asian session Breakout..? U can forget abt it...
Good to see you back Raygun !
I personally almost never trade Asia session. I agree with you for Sunday nights (EDT). It has too many whipsaw, lethargy, reversals, ranges, less correlation, thin market, etc... All enemies of traders. JMHO
Like right now, eur, cable and swissie are not in synch (eur, cable correlation and swissie opposite). That tells me it's sideline time.
Hi guys, Would it be profitable if you HEDGE the GBP/USD when you set up the 7 to 9am Big Dog USD Breakout Strategy? As soon as you are confident that it is going in a particular direction, you then cancel the other end of the hedge?
I'm not very good on programing, so maybe someone could guide me how to make an alert for GUBreakout, i.e. when the price hits high+offset or low-offset would give alert.
I was out of my city for 2 weeks, now I'm back and happy to see that Big Dog it's reopened.
Very nice results. Would you mind telling me what 4 pairs you are trading?
Hope that can help you:
Tokyo: 19:00 to 04:00 EST (NYT);
Tokyo: 00:00 to 09:00 GMT.
London: 03:00 to 12:00 EST (NYT);
London: 08:00 to 17:00 GMT.
US: 08:00 to 17:00 EST (NYT);
US: 13:00 to 22:00 GMT.
people got excited with his system/method until beginning of 2007 when many members blew out theirs accounts and even the so called profissionals trading this had huge drawdown, something like 90% or more.
Hans123 breakout was the breakout of the London Session, a Opening Range Breakout like this is.
there are others systema based on ORB that did'nt had sucess. I remember asking Acret about one he made exaustive foward test and was not profitable after months.
i not saying that this method doesnt work. But i would be more carefull about think in use 10% in someting like it.
there are others ORB system in this forum and the pros trade using 1%. They say that trading 3% is enough to broke. And using small stops like 20 pips maximum.
imagine using 10%...
pairs i trade
today 7 wins 1 loss = 105 pips.
will do the same tmrw
God bless everyone
i take mine, if i let go today - some pairs would give 200+ pips!!! but I am content with my 40 pips per pair
HELLO MY FRIEND
16:00 OR 7 AM TO 9 AM NEW YORK TIME,BEACAUSE I HAVE SOME PROBLEM
TO ADJUST THIS TIMES TO MY META TRADE PLATFORM,FOR ME IS GING TO BE 13:00 TO 15:00 GMT BASED ON MY LOCAL TIME AND NEW YORK TIME,IT DOES MATTER?PLEASE HELP ME.
In the AM @ 7AM ET click on the Market watch drop down and see the time. (very top) Set that time as your start time and two hrs later as end time. Then you are in business. After the two hrs watch for breakout of H or L and enter according to rules.
Is anybody watching the box on gbpusd? Any thoughts on which way its gonna break?
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