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A Simple London Breakout V.2

  • #1,421
  • Jun 3, 2017 9:46am Jun 3, 2017 9:46am
Quoting mer071898
I've had to adjust my thinking to this strategy a little because before, we were concerned about catching the breakout and that was it. Now we're going to pull pips off the reversals that were plaguing us to help offset any full reversals we'll encounter and to be ready with trades already in place when the breakouts occur. Now, we will not catch every breakout, but that is okay as we are not going to sacrifice discipline for the sake of making profits, it doesn't pay to be greedy. Here you will find a revised version of my Simple...
Hey Merritt.... nice work man!

I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed.

EURUSD
$100
M15
Spread: 1 pip
BT: from 2015 up today

Take a look yourself, let me know what you think about it:

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  • #1,422
  • Jun 3, 2017 9:59am Jun 3, 2017 9:59am
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
HI, ruben can u plz share us the settings and the latest version.
Regards
  • #1,423
  • Jun 4, 2017 7:39am Jun 4, 2017 7:39am
the EA is not work correctly in live the multiplier is not run correctly as in history work
  • #1,424
  • Jun 5, 2017 8:05am Jun 5, 2017 8:05am
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
Please share
  • #1,425
  • Jun 5, 2017 8:14am Jun 5, 2017 8:14am
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
Hi, I am very interested to test this live. I had a similar EA coded, but over the two years since 2015 it did not return so well, I think it is because it is not running properly.
  • #1,426
  • Jun 16, 2017 12:52am Jun 16, 2017 12:52am
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
Yes, I am about to get a Break out strategy programmed for me where you can adjust the times that the break out executes and the bars over which the pre-breakout trading range is calculated, and where the strategy is closed. But I would be interested in seeing this one that you have updated Ruben. I am always interested in seeing ideas for improving strategies.

From what I can see the London Breakout Strategy is one of the most common trading strategies but there are surprisingly few EA's built out of it. At least there are surprisingly few that are available. If you would be able to share Ruben that would be brilliant, but if not, what were the entry changes that you thought could be improved with Merritt's EA?
  • #1,427
  • Jun 20, 2017 8:20pm Jun 20, 2017 8:20pm
Quoting shimmering
{quote} What do you mean "remove thes line"?
Hi Shimmering,

It looks like he means that in the code, which presumably is an .mq4 file, you will find lines of code which control how the EA works. He is suggesting that if you remove the lines of code he describes then that particular EA he is referring to will at least run.

It would be nice if people responded a little more to each other on here!
  • #1,428
  • Jun 22, 2017 3:06am Jun 22, 2017 3:06am
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
Thanx all of you for your work...but I get with rubens settings this results:
Can you please post your set file?
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Vucking good EA coder... https://t.ly/AZjRM
  • #1,429
  • Jun 26, 2017 3:24pm Jun 26, 2017 3:24pm
does anyone try the EA live, the multiplier is not working correctly, it works only on demo account
  • #1,430
  • Mar 19, 2018 9:24pm Mar 19, 2018 9:24pm
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
Bro, i tested with default with spread 20.
Tested with spread 10 is good. if like this better use ECN with spread 0-5.

Have a look on spread 20. as the result is not that good.

Eurusd URL: http://ea-backtest.com/3-Tier-London...1.3c-eurusd-41
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  • #1,431
  • May 28, 2018 8:43am May 28, 2018 8:43am
Thanks to Ramesh 83 and mer071898 for indicators and simple nice strategy.
  • #1,432
  • May 30, 2018 2:28pm May 30, 2018 2:28pm
Hi all

does anyone have .set files to try and play with, that gives good results???

thank you
j
  • #1,433
  • Jun 5, 2018 1:44pm Jun 5, 2018 1:44pm
hello all and the thread owner.

Any new strategy of this indicator? No version update?
  • #1,434
  • Jun 9, 2018 6:20am Jun 9, 2018 6:20am
I have been trying the original London Breakout strategy for about 7 months and have found it frustrating; the drawdowns really damage the winnings. I tried some different things to turn this around, unsuccessfully. I remembered a variation of the original strategy which took less trades but with a higher win ratio so came to look at that and came across version 2. I can’t tell you how refreshing it is to find that all my stumbling in the dark has already been experienced by others and solutions found.
I am avidly reading through Scott Merit’s posts and am keen to try this out on Monday with one pair and manually.
I would like to thank you guys for all the hard work you put into this and sharing it with bums like us who just rape your systems and moan about the EA not working. I’ll come back in 6 months and let you know how I get on.
  • #1,435
  • Jun 21, 2018 7:03am Jun 21, 2018 7:03am
Quoting mer071898
the final 3 {image} {image} {image}
Can you say where is the latest EA and Indicator for download? i cant find it. I download one ea from your journal.. but it is not work like that..
  • #1,436
  • Jun 21, 2018 8:46am Jun 21, 2018 8:46am
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
Can you Show me screen shot of your settings of EA?
  • #1,437
  • Jul 14, 2018 8:38am Jul 14, 2018 8:38am
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}
I can't backtest with this EA. Pleas guide me. Thanks all!
  • #1,438
  • Oct 19, 2018 9:23am Oct 19, 2018 9:23am
Quoting anypips
{quote} Hi Frankyol, today i downloaded the EA you have uploaded. Please, help me to solve this issue.....as you can see in the attached screenshot, the price has targeted all 3 targets but, for each target, it has closed the same lot size entered in the trade. In tester, It doesn't split the entry lot size! I don't know why! After a first long trade, the price has well gone down, entered in short level which 0.06 size, but for each target it closed a size if 0.06 lot! How is it possible? Please, can you solve this issue? ...The question also is...
what version of the EA are you using please share the link . !
thanks .
  • #1,439
  • Nov 30, 2018 11:46am Nov 30, 2018 11:46am
Dear frankyol

Sir, the 3 Tier London Breakout EA v1.3c.mq4 entry point is at the edge of the breakout box, but I want to set the Offset for entry point from the edge of

the breakout box. For example I want the function that I can choose or input the offset that EA can buy or sell X pips above or below the edge of the breakout box.

Could you please add this function into 3 Tier London Breakout EA v1.3c.mq4 for me sir.

Best regards,

Handycap4
  • #1,440
  • Dec 24, 2018 6:14am Dec 24, 2018 6:14am
I am very interested in this trading system. Is there no latest version for the 3 Tier London Breakout?
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