EURJPY M15 system 80%+ | Page 76 | Forex Factory

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EURJPY M15 system 80%+

  • #1,501
  • May 19, 2019 1:09pm May 19, 2019 1:09pm
Hello, newby question. I use Oanda - server is V20 Live-1. I've got the Breakout_v2.2a. What are the start and stop hours please?
  • #1,502
  • May 19, 2019 8:03pm May 19, 2019 8:03pm
good job
  • #1,503
  • May 20, 2019 5:52pm May 20, 2019 5:52pm
Quoting reteid2222
{quote} Which system to test is this? By the way...the DAX system works like a charm...
Asian session breakout - the origin system on post 1 -
I just included some filter not to trade every breakout....

Best hundsbua

nice to hear the MTFstoch-Dax system work for you
  • #1,504
  • May 20, 2019 10:28pm May 20, 2019 10:28pm
Quoting hundsbua
{quote} Asian session breakout - the origin system on post 1 - I just included some filter not to trade every breakout.... Best hundsbua nice to hear the MTFstoch-Dax system work for you
Sorry....too open question...which TEST system....
Vucking good EA coder... https://t.ly/AZjRM
  • #1,505
  • Edited 3:09am May 21, 2019 2:15am | Edited 3:09am
Quoting reteid2222
{quote} Sorry....too open question...which TEST system....
you mean, which indicators I use for filtering false breakouts?
  • #1,506
  • May 21, 2019 10:06am May 21, 2019 10:06am
Anyone have an opinion which of the supplied EA's work better than the other? I have Breakout_v2.2a. - but has not triggered any trades -- I have auto-trading turned on and a smiley face in the corner. Where else should I look?
  • #1,507
  • May 21, 2019 6:12pm May 21, 2019 6:12pm
Quoting Dogalot7
Anyone have an opinion which of the supplied EA's work better than the other? I have Breakout_v2.2a. - but has not triggered any trades -- I have auto-trading turned on and a smiley face in the corner. Where else should I look?
without filtering the breakouts you will not have profit in long term
  • #1,508
  • May 22, 2019 5:18pm May 22, 2019 5:18pm
Quoting Dogalot7
Anyone have an opinion which of the supplied EA's work better than the other? I have Breakout_v2.2a. - but has not triggered any trades -- I have auto-trading turned on and a smiley face in the corner. Where else should I look?
Now - I've downloaded and trying 3 Tier -- doesn't even load on the chart.

Can anyone help?
  • #1,509
  • May 23, 2019 7:06am May 23, 2019 7:06am
Quoting hundsbua
{quote} you mean, which indicators I use for filtering false breakouts?
The system where you take the graphic from!
Vucking good EA coder... https://t.ly/AZjRM
  • #1,510
  • May 23, 2019 7:23am May 23, 2019 7:23am
Quoting reteid2222
{quote} The system where you take the graphic from!
I optimized the following parameter / created filter which have to met to take the breakout:

--Breakout window size
--stochastics value when breakout occur
--time of day when breakout occur

Last value - I optimized is "Take profit" - 1RR like described in post 1 is not best setting especially for short breakouts
  • #1,511
  • May 29, 2019 7:33am May 29, 2019 7:33am
After several months of successful trading this system (62% Success rate from 19th November 2018/12th of May 2019), the last two weeks have been shocking.
15th May - Loss, 16th of May - Loss, 17th of May - Loss, 20th of May - Loss, 21st of May - Loss, 22nd of May - Loss, 23rd of May - Win, 24th of May - Loss, 27th of May - Loss, 28th of May - Win, 29th of May - Loss.
From the 15th of May to the 29th of May, the strategy has only produced 2 wins and 9 losses (18% Success Rate).
Just be mindful that this system is not 80% success rate in the long run. And can be a 80% loss rate in the short term.

The above is feedback for newbies who think they can get away with trading big. You will get burned.

Lets hope this system gets back on track soon , or I will be burning
  • #1,512
  • May 29, 2019 7:38am May 29, 2019 7:38am
Quoting majorpears
Just be mindful that this system is not 80% success rate in the long run. And can be a 80% loss rate in the short term.
Long run you get about 50% success rate if you trade without any filters - I did many backtests over 5 years - you get a small win if you trade only short breakouts
  • #1,513
  • May 29, 2019 8:23am May 29, 2019 8:23am
I'd appreciate any lead -- I still have not gotten either EA to work. Can someone please direct me - thank you!!
  • #1,514
  • May 29, 2019 11:52am May 29, 2019 11:52am
Quoting hundsbua
{quote} Long run you get about 50% success rate if you trade without any filters - I did many backtests over 5 years - you get a small win if you trade only short breakouts
Yes that seems about right.
Now I'm new to this thread and have only been trading it for a couple of weeks now but I think this system isn't just cut and clear but more of a base which you then add your own tweaks to it.

For example I am much more inclined to take the trade if it is in continuation of the HTF trend... which EUR/JPY has been in a downtrend for a while now so I know there is a higher probability that the shorts will be winners, I am much more hesitant to take a long even if the EA tells me to.

Another thing to consider is what time exactly to enter... is it after 1 15min candle has broken and closed under or above or wait until a retest of the broken zone.. I believe the latter to be much more safe and smart.

Last thing I bring into consideration is which session are we trading, did the breakout happen the last 15min before London open... then I'm going to wait and see how far the London open might drive price the other way before reversing.

So in summary this strategy is more of a guide and isn't very clear cut and easy as it seems. I think this is a great strategy as I love trading EJ but adding your own rules and studying the pair and seeing how it reacts at different market areas is the work that every person needs to do on their own.
  • #1,515
  • May 29, 2019 4:24pm May 29, 2019 4:24pm
I find that you will get more success if you confirm a close below or above on a 15min chart. Also when the price is consolidating in a channel, the strategy can be terrible. Works a charm during the trend movements in a channel. I will be completing some back testing to see if a better result can be acheived by trading with the long term trend.
  • #1,516
  • Jun 9, 2019 6:23pm Jun 9, 2019 6:23pm
So since I have been monitoring this so called 80% win strategy, the system actually is only producing a 22% win rate since the 15th of May.

From the 15th of May to the 29th of May, the strategy has only produced 2 wins and 9 losses (18% Win Rate).
From the 30th of May to the 07th of June, the strategy has only produced 2 wins and 5 losses (29% Win Rate).
Back testing, I have only been able to produce a 50% win/loss ratio at best (2 years).

Rubbish system.
  • #1,517
  • Jun 10, 2019 5:54am Jun 10, 2019 5:54am
Quoting majorpears
So since I have been monitoring this so called 80% win strategy, the system actually is only producing a 22% win rate since the 15th of May. From the 15th of May to the 29th of May, the strategy has only produced 2 wins and 9 losses (18% Win Rate). From the 30th of May to the 07th of June, the strategy has only produced 2 wins and 5 losses (29% Win Rate). Back testing, I have only been able to produce a 50% win/loss ratio at best (2 years). Rubbish system.
read my post https://www.forexfactory.com/showthr...6#post12267286

you have to invest some work - thats the same than in real life.
  • #1,518
  • Jun 10, 2019 5:44pm Jun 10, 2019 5:44pm
Quoting hundsbua
{quote} read my post https://www.forexfactory.com/showthr...6#post12267286 you have to invest some work - thats the same than in real life.
Hundsbua, I agree. There is no such thing as a free lunch. I just get annoyed reading the many posts in this thread of people thinking that this is a wonder system making claims that this is a 80%+ win system. Systems are to be used as a guide to increase your probability.
  • #1,519
  • Jun 11, 2019 7:10am Jun 11, 2019 7:10am
I have been trading this system for over 4 months now and is very profitable every day/week using my own filter. just find something to filter trades and you will be fine.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #1,520
  • Jun 11, 2019 7:53am Jun 11, 2019 7:53am
Quoting martinez1
I have been trading this system for over 4 months now and is very profitable every day/week using my own filter. just find something to filter trades and you will be fine.
So share the filter ))
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