what ever it takes
7am-9am Big Dog USD Breakout Strategy
I am using a variation of it. Setting up entry points as stated based on recent highs and lows prior to the NY open, but I don't believe that using a fixed 9 candles setup is always the best. I use the 30m chart and depending on the situation, might only use 1-2 candles. I have found that it is not as important as where the price action is as where it has the likelihood of going. I designed an EA that I am testing live at the moment that will allow me to choose how many candles to look back to create the entry points, then once set it will place buys or sells depending which entry point is crossed. SL is just prior to the opposing entry point. If SL is hit, it will wait for a breach of one of the entry points placing a new order at a higher lotsize in an attempt to recover the loss of the first order. The Red and BLue lines are the entry points. The yellow lines are the exit points where the EA will begin a trailing stop when crossed. 
- #3,188
- Mar 25, 2015 3:19am Mar 25, 2015 3:19am
I am using a variation of it.
- #3,191
- Edited 4:18am Mar 26, 2015 2:30am | Edited 4:18am
No entry for me on 3/25/15 on the NY 7-9 TF. If I would have placed an order at the top of the box, it would have been triggered... as of now, price is almost up to the trigger point. However, today is now the 26th, so I will wait for the US open again. 
I am following the London open as well. I did place a buy order on this TF for 3/25/15, as you can see on this chart, it got triggered. I didn't get out when I could have for around 35 pips. Right now that order is up 17 pips. I might just leave it, or not. I do think this pair is still in a consolidation period... not a lot of volatility going on. 
Closed the above order for 19 pips. Of course right after I closed, the PA ran up another 20 pip, lol. Darned if you do, darned if you don't. I did re-enter at the top of the box for another buy, hopefully there is a little steam left.
I am following the London open as well. I did place a buy order on this TF for 3/25/15, as you can see on this chart, it got triggered. I didn't get out when I could have for around 35 pips. Right now that order is up 17 pips. I might just leave it, or not. I do think this pair is still in a consolidation period... not a lot of volatility going on.
Closed the above order for 19 pips. Of course right after I closed, the PA ran up another 20 pip, lol. Darned if you do, darned if you don't. I did re-enter at the top of the box for another buy, hopefully there is a little steam left.
- #3,194
- Mar 27, 2015 5:26am Mar 27, 2015 5:26am
For this returning trader, it has been a week of mixed results, but overall, what I would call... decent win/loss rates. I will admit I do not follow the established rules. I don't follow any risk/reward scenarios, as I am looking to just hit my 20 pip per day goal. I do follow money management, and don't really risk over 3%, ever. I trade two time frames though. 1) drawing the box two hours preceding the London open, then trading inside the box if there is a strong run. I will not hesitate to trade a retracement on that run like I did today for a quick 11 pips. 2) drawing the box as stated in the rules, 7am-9am EST time. I have had less luck with this TF, but that may have been because I had the wrong parameters for the box. And I've been trying on the GBP/USD as opposed to the EUR/USD I used to trade.
Anyway todays trade was on a retracement at the break of the London open. The NY open hasn't happened yet since I am 11 hours ahead of that time zone. I probably will not trade it though as I will be out picking someone up at the bus station. I don't like to place orders with this system if I can not babysit them.
Results for the week:
3/23 +45.4
3/24 - 17.7
3/25 +0.1
3/26 +98.7
3/27 +10.9
Total for week: 137.4
Anyway todays trade was on a retracement at the break of the London open. The NY open hasn't happened yet since I am 11 hours ahead of that time zone. I probably will not trade it though as I will be out picking someone up at the bus station. I don't like to place orders with this system if I can not babysit them.
Results for the week:
3/23 +45.4
3/24 - 17.7
3/25 +0.1
3/26 +98.7
3/27 +10.9
Total for week: 137.4
- #3,195
- Mar 27, 2015 10:33am Mar 27, 2015 10:33am
I probably will not trade it though as I will be out picking someone up at the bus station. I don't like to place orders with this system if I can not babysit them.
This EA does what exactly what this trading system does....without the babysitting
http://www.forexfactory.com/showthre...51#post8091951
The latest EA version 5-10 done by Alan111s
is excellent
and setting up time/date or daily entries with pips away from price or candles back hi/lo etc. To do daily just put 0 in on the day/month/year. Just remember the EA is based on 5 digits so 20pips is 200points. And you can use your broker time or PC/Local time. Also 2 things that tripped me up was the SWATN is in seconds so if you dont enter trade say in 1 hour and you want to cancel you would put 3600. Also during volitile times the spread can get nuts so put max spread high like 1000(100pips) otherwise it will cancel your orders on you and you wont know why. Since this system is based on GBP/USD and spread on this pair is good with all brokers.There is instructions attached with EA zip file
good luck and have fun
b-cat
Hi guys. It seemed like a promising strategy. I have done a short manual backtest, and on 11. September 2015 i got this..
As written on page one, the stop loss of the sell stop order should have been at the high (1.54416).
How would you have handled this disastrous setup?
I assume that the buy stop order would not have been profitable too.
Thank you, regards
As written on page one, the stop loss of the sell stop order should have been at the high (1.54416).
How would you have handled this disastrous setup?
I assume that the buy stop order would not have been profitable too.
Thank you, regards
