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EURJPY M15 system 80%+

  • #601
  • Apr 9, 2018 10:43am Apr 9, 2018 10:43am
Quoting luvene
It is very easy to show some good results and the same for bad results I like Breakout trading but I don't understand why the time setting should be between 22.00 - 02.00 GMT. Personally I like the Breakout box 3 hours before London is opening. Good luck everyone, this was my last post
Friend,

If you do back testing atleast for last 3 months, you will know this method consistently hit target. Only very few days the PA did not hit target or hit stop loss.

In 25 trading days, if this method hits target in 20 days, ( this is true and you will know if you do back testing ) , your risk reward is very good and at the end of month you are up ++
Intraday only.
  • #602
  • Apr 9, 2018 11:20am Apr 9, 2018 11:20am
Quoting luvene
It is very easy to show some good results and the same for bad results I like Breakout trading but I don't understand why the time setting should be between 22.00 - 02.00 GMT. Personally I like the Breakout box 3 hours before London is opening. Good luck everyone, this was my last post
Ever heard about Higher edge within a single Candlestick? This breakout system is based on daily candle, we are looking to trade with the trend from daily open to daily close.
Grind until you no longer have to introduce yourself. 4:30am club
  • #603
  • Apr 9, 2018 12:31pm Apr 9, 2018 12:31pm
Quoting navk
{quote} Friend, If you do back testing atleast for last 3 months, you will know this method consistently hit target. Only very few days the PA did not hit target or hit stop loss. In 25 trading days, if this method hits target in 20 days, ( this is true and you will know if you do back testing ) , your risk reward is very good and at the end of month you are up ++
I made the test for last 3 months. here below the results are.
%70 success for 3 months.
especially drawdown is so good, never blows your account.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpybactest3months.PNG Size: 113 KB
  • #604
  • Apr 9, 2018 9:54pm Apr 9, 2018 9:54pm
April 9, 2018
Buy Target 2 Hit
Trade Closed.

//////////
Attached Image
  • #605
  • Apr 10, 2018 3:15am Apr 10, 2018 3:15am
In this topic, a few intelligent people, including Yalgaar, put a number of critical but certainly constructive questions and comments. Almost all reactions to this are played down by fxmd as well as by some others. If you are trading manually, everyone gets different results. The only way to get a good result is to make an EA which is 100% correct. And, most important (!), then you will not be influenced by human emotions.

The disadvantage of back testing in general and certainly via MT4 is that virtually all historical data is not good and certainly does not contain tick data, even though this is claimed. Please believe me that I know what I'm saying.

I understand that some people do not want/like to read critical questions and comments, blinded by a number of good results in a short period of time and wanted to get rich in a short period of time. Just like Yalgaar I ask a lot of questions about certain results which have also been taken manually or have been taken by an EA with unfortunately a lot of of bugs .

I want to warn everyone that this way of Trading has a success rate of 50/50, maybe 55/45 and that's it! And it may well be that in a certain short period of time it can be 70/30 or 60/40.

You can't trust backtesting, neither you can trust manual backtesting. Emotions at that time, spreads, difference of Broker, etc. etc.

https://www.forexfactory.com/showthr...9#post10760079
https://www.forexfactory.com/showthr...2#post10767292
https://www.forexfactory.com/showthr...2#post10787452
Keep it simple without too many crappy indicators!
  • #606
  • Apr 10, 2018 4:21am Apr 10, 2018 4:21am
Quoting luvene
In this topic, a few intelligent people, including Yalgaar, put a number of critical but certainly constructive questions and comments. Almost all reactions to this are played down by fxmd as well as by some others. If you are trading manually, everyone gets different results. The only way to get a good result is to make an EA which is 100% correct. And, most important (!), then you will not be influenced by human emotions. The disadvantage of back testing in general and certainly via MT4 is that virtually all historical data is not good...
Quoting luvene
It is very easy to show some good results and the same for bad results I like Breakout trading but I don't understand why the time setting should be between 22.00 - 02.00 GMT. Personally I like the Breakout box 3 hours before London is opening. Good luck everyone, this was my last post
But you said this is your last post?
PIVOT Return This Year: na
  • #607
  • Apr 10, 2018 6:04am Apr 10, 2018 6:04am
Quoting Fxmd
{quote} Wrong. Breakout and Candlestick close outside range must occur.
The strategy is interesting. I wonder the reason behind the 22.00 GMT to 2.00 GMT selection. I understand that this counts almost half day of Tokyo hours. Would you care to elaborate the strategy? I would like to figure out if this strategy works on other pairs as well.
  • #608
  • Apr 10, 2018 6:25am Apr 10, 2018 6:25am
Quoting cecking
{quote} The strategy is interesting. I wonder the reason behind the 22.00 GMT to 2.00 GMT selection. I understand that this counts almost half day of Tokyo hours. Would you care to elaborate the strategy? I would like to figure out if this strategy works on other pairs as well.
You can apply this strategy to only GbpUsd as well. I have i7 7700hq 16 gb pc. I tested every pair exactly and completely And only ej and gu passed the long run test.
  • #609
  • Apr 10, 2018 6:41am Apr 10, 2018 6:41am
Quoting cecking
{quote} The strategy is interesting. I wonder the reason behind the 22.00 GMT to 2.00 GMT selection. I understand that this counts almost half day of Tokyo hours. Would you care to elaborate the strategy? I would like to figure out if this strategy works on other pairs as well.
This strategy is designed to catch the move from the daily open to the daily close. I found by observation that EURJPY is the more consistent. For example if you watch USDZAR with the same indicator that draws a box you’ll notice it looks like it hunts your stop losss by going up and down a few times before actually going in a direction for that particular day. EURJPY doesn’t, almost always it continues in the same direction it breaks out.

Some people talk about banks “manipulating” the price of JPY during Asian session and EUR during London session, wether that’s truth or not, I don’t know. If it’s true it may explain a few things though ( such as EUR trading banks purposely breaking the highest/lowest level set by Asians and getting the price away from it to a previous level, which may explain why TP often matches with levels such as weekly openings, previous day high/low etc) if banks manipulate the price or not, it’s Irrelevant to me. I know this strategy works and it’s good to see other people find it profitable.

About the EA, it gives different results when backtested. Some find it profitable some find it breakeven and even some find it a loser. Results may Vary due to different broker price feed, the period it was backtested, or the quality of the data used to do backtest. This EA however turned out to be profitable for most, thanks to StaayFoolish for providing it.
Id rather trade manual using this strategy to apply discretion when needed. There are days in which you can foresee a higher probability of price not reaching target and stay out.
Grind until you no longer have to introduce yourself. 4:30am club
  • #610
  • Apr 10, 2018 6:42am Apr 10, 2018 6:42am
Great!
Thank you
  • #611
  • Apr 10, 2018 9:33am Apr 10, 2018 9:33am
It worked great for me today (last night). Shortly after the box completed, a large bullish candle formed. I happened to be right there and so I jumped in where you see the vertical purple line. I rode that up and picked off a +$52 and sold and placed a buy limit order back near the breakout entry price which was triggered where the steel blue vertical line is (I was in bed sleeping when this happened) and set a TP a few pips above the buy target 1. Got up in the morning and discovered that I made another $261.
Wound up making over $300 off this breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproM15.png Size: 60 KB
  • #612
  • Apr 10, 2018 10:23am Apr 10, 2018 10:23am
My bad ... I bailed out where you see the vertical purple line.
  • #613
  • Apr 10, 2018 2:44pm Apr 10, 2018 2:44pm
hi everyone. Is it possible to set an alarm when candle close out of the box? Last night i was sleeping and didn’t catch the movemenr. I mean an alarm
That is set automatically as the box is completed
  • #614
  • Apr 10, 2018 3:14pm Apr 10, 2018 3:14pm
Quoting flamantes
hi everyone. Is it possible to set an alarm when candle close out of the box? Last night i was sleeping and didn’t catch the movemenr. I mean an alarm That is set automatically as the box is completed
it will work for you friend, drag them to File-your data file on mt4.
Attached File(s)
File Type: ex4 VR Alert.ex4   705 KB | 771 downloads
File Type: ex4 VR DRAW.ex4   192 KB | 665 downloads
  • #615
  • Apr 10, 2018 4:03pm Apr 10, 2018 4:03pm
sorry,I didn't get that.Which file do i put them in.Is it just the FILE folder.cheers mate
ado
  • #616
  • Apr 11, 2018 12:22am Apr 11, 2018 12:22am
any one use this strategy in order pair
  • #617
  • Apr 11, 2018 6:45am Apr 11, 2018 6:45am
Quoting lassame
any one use this strategy in order pair
I do, gbpusd, GBPCHF, euraud (the best)
  • #618
  • Apr 12, 2018 12:25pm Apr 12, 2018 12:25pm
Stop Loss on 4/11
Stop Loss on 4/12 and if you played both sides of the range it is 2 Stop Losses today...see white and red arrow for entries and stop outs
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 34 KB
  • #619
  • Apr 12, 2018 1:03pm Apr 12, 2018 1:03pm
This is 04/12 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 84 KB
Intraday only.
  • #620
  • Apr 12, 2018 1:05pm Apr 12, 2018 1:05pm
04/11 chart. yes, it hit stop loss. At daily open for me.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 102 KB
Intraday only.
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