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EURJPY M15 system 80%+

  • #501
  • Mar 27, 2018 9:00pm Mar 27, 2018 9:00pm
Quoting navk
This is 20 x 50 ema cloud. Entry sell can be taken on breakout of box, stop loss can be above 20x50 ema cloud. Opposite for long entry. 5 min chart only. For those who are interested. Any one taken long on break out of top of box, can exit when 20x50 ema crosses in London open. {file} {file} {image}

Hi Navk, just curious if you would take an entry on the 20 x 50 cross? Quite possibly in addition to a later entry as the box closes at 10 pm your time in Ontario. Could also occur at other times of the day of course. I am noticing at first glance that the angle of the cross seems important.

I do understand this is off topic for FXMD's work and will not pursue this further on this forum, but I am interested in other possible applications of the 20x50.

F-S
  • #502
  • Mar 27, 2018 9:04pm Mar 27, 2018 9:04pm
Quoting Forest-Sea
{quote} Hi Navk, just curious if you would take an entry on the 20 x 50 cross? Quite possibly in addition to a later entry as the box closes at 10 pm your time in Ontario. Could also occur at other times of the day of course. I am noticing at first glance that the angle of the cross seems important. I do understand this is off topic for FXMD's work and will not pursue this further on this forum, but I am interested in other possible applications of the 20x50. F-S
I wait for break. After break, if the PA fails and falls below 20/50 cross, I exit. ( For long trade ) . I am still trying out this. On choppy days, this might be problem.
Intraday only.
  • #503
  • Mar 27, 2018 9:06pm Mar 27, 2018 9:06pm
see this picture.

If the price breaks upperside of box, and fails and falls below those MA, I get out. This way I can reduce stop pips.

After break to upside, if the price falls, still I add longs but surely will get out of longs below MA s.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 74 KB
Intraday only.
  • #504
  • Mar 27, 2018 9:12pm Mar 27, 2018 9:12pm
Quoting navk
sold. stop 131.52. target 130.90. I did not want to take buy direction as lots was moved yesterday. {image}
See what I did yesterday.
Intraday only.
  • #505
  • Mar 27, 2018 9:20pm Mar 27, 2018 9:20pm
Thanks Navk. Your charts make your use clear . . . and helpful.
  • #506
  • Edited Mar 28, 2018 3:19am Mar 27, 2018 9:26pm | Edited Mar 28, 2018 3:19am
Today for long entry after breakout, the risk level ( stop level ) is 130.84.

For short entry, the stop level might be 131.01
Intraday only.
  • #507
  • Mar 28, 2018 6:43am Mar 28, 2018 6:43am
My short trades got stopped out at 20/50 ema cross. I immediately took long knowing that the short failed at daily open.

I lost 25 pips in short. However my long trades are now running with +33 pips.
Intraday only.
  • #508
  • Mar 28, 2018 7:02am Mar 28, 2018 7:02am
Closed my long trades at 131.50.

+ 47 pips.

As I said before, my long entries at 131.03. I took little earlier ( before break of box ) since the PA failed to go down below daily open line
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 77 KB
Intraday only.
  • #509
  • Mar 28, 2018 7:11am Mar 28, 2018 7:11am
Hey guys, 20/50 ema really helps to identify the failure of break down below box or above box.
Intraday only.
  • #510
  • Mar 28, 2018 11:55am Mar 28, 2018 11:55am
Quoting tictac-nur
I code this EA base on FXMD EJ breakout system. Thank you FXMD for sharing this profitable trading system. It will open order after M15 close outside of the box. It can make up to 5 orders and 5 TP level. Each level lot size can be set by percentage of risk Enter your intital capital in EA menu. EA will calculate the fixed risk percentage from this fixed capital. If you set compounding=true, risk will be calculate from account equity. EA Menu Name_EA = "EJ M15 System 80%+ FXMD"; Magic = 2018; RangeExplain = "Enable Automatic Trading System"; AutomaticEntryRangeBreakout...
Hi tictac-nur,
Can you add 2 direction entry to your EJ-M15-System.ex4 . Can you change 15 minutes to 1 hour? As i test this system, in that way this system is more accurate. I can share some results with you with private message.
  • #511
  • Mar 28, 2018 9:19pm Mar 28, 2018 9:19pm
March 28, 2018
My Daily Setup

//////////
Attached Image
  • #512
  • Mar 28, 2018 10:27pm Mar 28, 2018 10:27pm
Quoting eagle85
March 28, 2018 My Daily Setup ////////// {image}
Most likely to break up today.
Intraday only.
  • #513
  • Mar 29, 2018 12:51am Mar 29, 2018 12:51am
March 29, 2018
Sell Target 1 not hit.
Trade closed at breakeven.

//////////
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-JPY.jpg Size: 84 KB
  • #514
  • Edited 9:57am Mar 29, 2018 9:28am | Edited 9:57am
I would say, just blindly follow the system rules.

Only stop loss point, one has to decide.

For me either daily open line or 50/20 ema cross.

It works.

I was expecting the price to break upside. But that did not happen, Finally the box system worked today too.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 76 KB
Intraday only.
  • #515
  • Apr 1, 2018 4:48pm Apr 1, 2018 4:48pm
I cannot seem to be able to wrap my head around the time thing. My broker's servers are GMT +0. I live in the Central Time Zone of the United States. Does anyone here know what the values are for me to input into the "3 Tier London Breakout" indicator for "Start Time", "End Time", and "Session End Time"? I've been struggling with this for two days now ... and nothing I try seems to be correct.
  • #516
  • Apr 1, 2018 5:42pm Apr 1, 2018 5:42pm
Quoting tenthman
I cannot seem to be able to wrap my head around the time thing. My broker's servers are GMT +0. I live in the Central Time Zone of the United States. Does anyone here know what the values are for me to input into the "3 Tier London Breakout" indicator for "Start Time", "End Time", and "Session End Time"? I've been struggling with this for two days now ... and nothing I try seems to be correct.
Simplest thing to do is to literally sit up and watch which candle in front of you opens at the time the Asian session opens (or whatever the OP says it runs from) and set it right there and then.
Sit with a World FX Clock open so you know exactly when the open occurs.
The Indi runs from that open, that stays the same wherever you are.
  • #517
  • Apr 1, 2018 6:26pm Apr 1, 2018 6:26pm
I set it to 22:00 GMT and 02:00 GMT as the OP suggested. When I loaded the original indicator it was pre-set to 06:00 GMT and 09:00 GMT. How did that get set in there if GMT time never changes?

As far as sitting up to actually watch the Asian session open, I did that tonight with the Sydney open and it opened at 21:00 GMT. The last time Sydney opened was this past Friday at 22:00 GMT ... according to the indicator. Completely confusing. As is the name of the indicator ... "3 tier London Breakout" ... why not use the first 4 hours of the London market if you're going to call it a London Breakout? Just sayin'.

I don't know why I have such a hard time with the time thing. alled my broker and they said that London opens at 07:00 GMT!!
  • #518
  • Apr 1, 2018 6:28pm Apr 1, 2018 6:28pm
*tech diddiculties*
I called my broker and he said the London market opens at 07:00 GMT ... to me, this time thing is impossible!
  • #519
  • Apr 1, 2018 6:31pm Apr 1, 2018 6:31pm
*tech difficulties* This computer's keyboard is totally unreliable ... I never know what it's going to do.
  • #520
  • Apr 1, 2018 7:00pm Apr 1, 2018 7:00pm
Quoting tenthman
I set it to 22:00 GMT and 02:00 GMT as the OP suggested. When I loaded the original indicator it was pre-set to 06:00 GMT and 09:00 GMT. How did that get set in there if GMT time never changes? As far as sitting up to actually watch the Asian session open, I did that tonight with the Sydney open and it opened at 21:00 GMT. The last time Sydney opened was this past Friday at 22:00 GMT ... according to the indicator. Completely confusing. As is the name of the indicator ... "3 tier London Breakout" ... why not use the first 4 hours of the London market...
The UK clocks changed last week just in case things weren't confusing enough!

Thing to bear in mind is the indicator is lifted from another thread - I use it myself to trade the Frankfurt dead air. It was coded for something completely different, hence the name.

My trading computers are all off for the holidays so can't check but if I remember correctly you just shuffle the start time to whatever 15 min candle you want.

If I'm wrong, sorry but that's what I remember (and others who trade my method did the same for their time-zones, inc Australia, US Mountain time and UK).
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