EURJPY M15 system 80%+ | Page 27 | Forex Factory

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EURJPY M15 system 80%+

  • #521
  • Edited 7:50pm Apr 1, 2018 7:39pm | Edited 7:50pm
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.
Tokyo opens at 8 pm EST.

The box is drawn between 6 pm EST and 10 pm EST.

The breakout of box usually happens during Frankfurt/London open time. ( FF opens at 3 AM EST, London at 4 AM EST, NY at 8 AM EST. )
Intraday only.
  • #522
  • Apr 1, 2018 11:56pm Apr 1, 2018 11:56pm
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...
DST shifted in Australia this weekend.
https://www.timeanddate.com/time/change/australia
  • #523
  • Apr 2, 2018 6:57am Apr 2, 2018 6:57am
March 2018 Trade Log

Number Of Trades Entered: 14
Winning Trades: 10 (71.4%)
Losing Trades: 2 (14.3%)
Breakeven Trades: 2 (14.3%)
Target 1 Hits: 8 (57%)

//////////
  • #524
  • Apr 2, 2018 10:07am Apr 2, 2018 10:07am
First trade a loser!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproM15.png Size: 75 KB
  • #525
  • Apr 2, 2018 10:47am Apr 2, 2018 10:47am
This way of trading is very similar to an EA that I have ever bought from Rimantas Petrouskas, the Range Box Trader Thanks to this topic I give this EA a new chance.
Keep it simple without too many crappy indicators!
  • #526
  • Apr 2, 2018 11:09am Apr 2, 2018 11:09am
Hi, I have set up your template to give it a try, but this morning it drew only half the box...(the bright blue is where it should have been, right?)? Do you have any suggestions where the error could be caused? Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2018-04-02 um 14.24.24.png Size: 68 KB
  • #527
  • Apr 2, 2018 11:10am Apr 2, 2018 11:10am
The risk level is important to trade this system.

On choppy days, one must know the level ( within the box ) where to take stop loss. I prefer 50 ema level.

For me too, the stop has been hit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 61 KB
Intraday only.
  • #528
  • Apr 2, 2018 11:17am Apr 2, 2018 11:17am
A big thanks to lemercenaire, navk, and LFN for your help in getting my times correct. I used the daily open for my stop loss ... I think I'm going to try the 50 ema next time.
  • #529
  • Edited 2:16pm Apr 2, 2018 12:03pm | Edited 2:16pm
Also one must know thar average daily range for this pair is 120 pips.

The pair failed after moving 50 pips above daily open line.

There is always 70 pips balance to move below daily open line. This is exactly has happened today.

Assuming 50 ema is stop loss, one would loose 20 pips. But there is a chance to gain those 20 pips and further more since daily range was not finished.

I did not short this pair once stop loss was hit for the long trade. Reason: Being holiday I thought the ADR will not be met !
Intraday only.
  • #530
  • Apr 3, 2018 1:22am Apr 3, 2018 1:22am
This is the way I trade with this method. It is an EA I once ordered a few years ago. It has everything that you need. Well programmed and very intelligent
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 140 KB
Click to Enlarge Name: EURJPY_EA.png Size: 82 KB
Keep it simple without too many crappy indicators!
  • #532
  • Apr 3, 2018 3:16am Apr 3, 2018 3:16am
My EURJPY was a winnerBesides that, I am trading now on EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD and GBPJPY.
All 7 ending in a winning trade today!!! Maybe it is luck, it can be.............. I think so. But the start is very good.

I use 50% Box Range of the ADR in 10 days. Example ADR = 85. Max Box Range is 44 and minimum 15.
Time settings like Topic starter, 4 hours long. I allow only 1 trade, direction doesn't matter.

TP = 100% Box Range, SL = 100% Box Range, Risk/Reward 1:1.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_finished0304.png Size: 134 KB
Keep it simple without too many crappy indicators!
  • #533
  • Apr 3, 2018 5:29am Apr 3, 2018 5:29am
no complications today !
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 73 KB
Intraday only.
  • #534
  • Apr 3, 2018 8:08pm Apr 3, 2018 8:08pm
Hi all,
Looking at some of the charts here traders are using 2 hours before Sydney open not 2 hours before Tokyo open,even OP is quoting 22:00 GMT which is reference to the Sydney open,Tokyo opens one hour after Sydney as the strategy is based on EUR/JPY should the time zone also be based around the Tokyo open at 23:00 GMT ?
  • #535
  • Apr 4, 2018 1:32am Apr 4, 2018 1:32am
Quoting Pradge
Hi all, Looking at some of the charts here traders are using 2 hours before Sydney open not 2 hours before Tokyo open,even OP is quoting 22:00 GMT which is reference to the Sydney open,Tokyo opens one hour after Sydney as the strategy is based on EUR/JPY should the time zone also be based around the Tokyo open at 23:00 GMT ?
Read post 1 : "At 2.00 AM (GMT) draw a box enclosing the high and low of the previous 4 hours". How difficult can that be?

Maybe this indicator will help you? You can compare your local time, your broker time and GMT Time. Your broker time and GMT time are important. Suppose you Broker time is 04.00 PM and GMT is 02.00 PM. "You have to draw a box at 2.00 AM GMT enclosing the high and low of the previous 4 hours." In this example you have to set your (broker) time between 00.00 and 04.00 which is 22.00 - 02.00 GMT time. Do you understand? If your Broker Time is the same as GMT your time settings should be 22.00 - 02.00 (which is 4 hours before 02.00 AM). Your time in the example is 2 hours after GMT, so it will be 00.00 - 04.00. Make sense?
Attached File(s)
File Type: mq4 ###Clock_v1_2.mq4   16 KB | 532 downloads
Keep it simple without too many crappy indicators!
  • #536
  • Apr 4, 2018 4:33am Apr 4, 2018 4:33am
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 95 KB
Intraday only.
  • #537
  • Apr 4, 2018 5:38am Apr 4, 2018 5:38am
April 4, 2018
Sell Target 1 hit.
Trade closed.

//////////
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-JPY.jpg Size: 108 KB
  • #538
  • Apr 4, 2018 6:30am Apr 4, 2018 6:30am
Quoting eagle85
April 4, 2018 Sell Target 1 hit. Trade closed. ////////// {image}
Did you use Buy Stop at 130.047 . I don't see you have that order .
Did you using EA to automatic or you keep watching your screen all the time and do it by your hand ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_7.png Size: 559 KB
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  • #539
  • Apr 4, 2018 7:00am Apr 4, 2018 7:00am
Quoting johnpratt261
{quote} Did you use Buy Stop at 130.047 . I don't see you have that order . Did you using EA to automatic or you keep watching your screen all the time and do it by your hand ? {image}
Hello johnpratt261,

All trades are taken sitting at the screen intently observing price action.

//////////
  • #540
  • Apr 4, 2018 7:38am Apr 4, 2018 7:38am
Quoting eagle85
{quote} Hello johnpratt261, All trades are taken sitting at the screen intently observing price action. //////////
Wow , too much effort hope you get more lot and money
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