Billytt Die happy trading e/j daily breakout | Page 2207 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #44,121
  • Sep 6, 2019 3:08am Sep 6, 2019 3:08am
Quoting Barraka
@lemercenaire: Thanks for taking the time to answer It's getting clearer. Let me post a screenshot of yesterday's DZ, on UC, and I've show what I understood from your post. Could you tell me if that's correct? Also, when you say a target of 5%, what's the % of? the size of the body? And let's say you target 5 pips on each setup, what's the SL? Dead zone, using the wicks: {image} Dead zone, using the body: {image} After that, I should not bother you anymore. Not promising anything though.
Right, I'll break this down. You are correct in places, wrong on others.

Taking your first example and assuming we are trading the candle marked 'A' as you seem to be...

Trade #1 is Short as price crosses the candle's Low.

Attached Image


Trade #2 - after the Short failed - is Long into the body (as price leaves the WZ).

Attached Image


Trade #3 - as price breaks Long at the High level.

Attached Image


Somewhere in there, the original failed Short will be closed. This would either be at the entry of trade #2 (could backfire if price then turned again, as this lower wick is small), at the 50% retrace level, or the entry to trade #3.

I will be down on the 5-min or 1-min as well to scalp into this retrace to build the positive and reduce the negative.
  • #44,122
  • Sep 6, 2019 3:17am Sep 6, 2019 3:17am
Using the big red candle as a perhaps clearer example...

So candle B as we will call it:

Trade #1 Entry as price turns back into the body.

Attached Image


Trade #2 Entry as price break the Low.

Attached Image


Now, I will accept that on that trade #1, price made no move at all upwards and so to get in exactly on the body level would have been impossible but this is just an example, so go with me on it as I am sure you can see what I meant. Usually you will get a move of some sort one way first. In this case, if I didn't just jump on the momo, I would (again down on the 5-min or 1-min) wait for a pull back as close to the body high as I figured I could get and then go in.

The Low break is self-explanatory. If you had let the first trade pass, then this was your first clean break entry.

If you had taken the trade #1, then you would make a decision where to take your profit on it as it travelled down, or to let it go and have the second trade as a stack on top.
  • #44,123
  • Sep 6, 2019 3:19am Sep 6, 2019 3:19am
Quoting Barraka
@lemercenaire: Thanks for taking the time to answer It's getting clearer. Let me post a screenshot of yesterday's DZ, on UC, and I've show what I understood from your post. Could you tell me if that's correct? Also, when you say a target of 5%, what's the % of? the size of the body? And let's say you target 5 pips on each setup, what's the SL? Dead zone, using the wicks: {image} Dead zone, using the body: {image} After that, I should not bother you anymore. Not promising anything though.
5% is percentage of account.

There is no stop loss. I am using the counter trade to lock in any ''bad'' trade.

As I said somewhere - you can just make it +5 pips as your target.
  • #44,124
  • Sep 6, 2019 4:12am Sep 6, 2019 4:12am
Robot +20 on 7 am bar b/out.

NFP day - U/Cad could be interesting.
  • #44,125
  • Sep 6, 2019 5:51am Sep 6, 2019 5:51am
Quoting claudia1
Robot +20 on 7 am bar b/out. NFP day - U/Cad could be interesting.
3 out of 3 right?... Bet tonight.... Germany vs Netherlands +2.5 goals....
  • #44,126
  • Edited 6:38am Sep 6, 2019 6:15am | Edited 6:38am
Quoting Patje
{quote} 3 out of 3 right?... Bet tonight.... Germany vs Netherlands +2.5 goals....
Yep although one of them was b/e + 5 or so. It's a trade I'm happy to leave and do the stats on Saturday.

Have added 12.00 - 13.00 break. Might be a funny one today with NFP but we'll see. Plan to be fully automated very soon - actually nearly there. Just got to work on the London close which I should know anyway.

Like the football bet will give it a go.

Edit: got 1.6 which is ok.

There's some interesting ones there - San Marino v Belgium 1.02 lol
  • #44,127
  • Sep 6, 2019 6:37am Sep 6, 2019 6:37am
Quoting claudia1
{quote} Yep although one of them was b/e + 5 or so. It's a trade I'm happy to leave and do the stats on Saturday. Have added 12.00 - 13.00 break. Might be a funny one today with NFP but we'll see. Plan to be fully automated very soon - actually nearly there. Just got to work on the London close which I should know anyway. Like the football bet will give it a go.
Cool if you manage to go fully automatic.... I am working on something myself for a while..... But the human decision making part is hard to code... And I ain't the coder.... What can I say.... Work in progress.... But I will be interested in your stats after a while.... Cause this one should not be too hard too code.... With clear rules.... Wich is good for a bot...
  • #44,128
  • Sep 6, 2019 6:40am Sep 6, 2019 6:40am
Quoting Patje
{quote} Cool if you manage to go fully automatic.... I am working on something myself for a while..... But the human decision making part is hard to code... And I ain't the coder.... What can I say.... Work in progress.... But I will be interested in your stats after a while.... Cause this one should not be too hard too code.... With clear rules.... Wich is good for a bot...
I've got the ea.
  • #44,129
  • Sep 6, 2019 6:43am Sep 6, 2019 6:43am
Quoting claudia1
{quote} I've got the ea.
If you ever decide to share it, would awesome to give it a go....
  • #44,130
  • Sep 6, 2019 6:54am Sep 6, 2019 6:54am
Quoting Patje
{quote} If you ever decide to share it, would awesome to give it a go....
Here it is.

Retina coded it for me before we fell out. I'm working on a final version which will have 'money management' included which was the final part. Have a new programmer lined up (I can't code).

The existing ea is very flexible and she did a great job. We just never got around to finishing it due to a mis-understanding.
Attached File(s)
File Type: ex4 Claudia - Simple Dreams V2.01 - Forex EA - V6.03.ex4   241 KB | 222 downloads
  • #44,131
  • Sep 6, 2019 7:41am Sep 6, 2019 7:41am
Quoting claudia1
{quote} Here it is. Retina coded it for me before we fell out. I'm working on a final version which will have 'money management' included which was the final part. Have a new programmer lined up (I can't code). The existing ea is very flexible and she did a great job. We just never got around to finishing it due to a mis-understanding. {file}
Thanks... Will download it when I am at my pc again.... Will check it out before I ask some questions... Thanks again very generous
  • #44,132
  • Sep 6, 2019 7:52am Sep 6, 2019 7:52am
Quoting claudia1
{quote} Yep although one of them was b/e + 5 or so. It's a trade I'm happy to leave and do the stats on Saturday. Have added 12.00 - 13.00 break. Might be a funny one today with NFP but we'll see. Plan to be fully automated very soon - actually nearly there. Just got to work on the London close which I should know anyway. Like the football bet will give it a go. Edit: got 1.6 which is ok. There's some interesting ones there - San Marino v Belgium 1.02 lol
Hi Claudia - are you running it on Cable in that time slot (it is my Dead Zone, remember) and Cable could be widely variable? I'd imagine at the moment, it would work well, mind you.
  • #44,133
  • Sep 6, 2019 7:55am Sep 6, 2019 7:55am
Just on cable 7.00 - 8.00 break. Have max range and all sorts built in but the concept is simple and of course it covers the 'William Bar' time.
  • #44,134
  • Sep 6, 2019 9:03am Sep 6, 2019 9:03am
Great input Lem, you'r a true scholar and a Gent. .
  • #44,135
  • Sep 6, 2019 9:22am Sep 6, 2019 9:22am
Think Boris is having a tough week ... bulls seem to be winning.
Attached Image
  • #44,136
  • Sep 6, 2019 10:50am Sep 6, 2019 10:50am
Quoting claudia1
{quote} Yep although one of them was b/e + 5 or so. It's a trade I'm happy to leave and do the stats on Saturday. Have added 12.00 - 13.00 break. Might be a funny one today with NFP but we'll see. Plan to be fully automated very soon - actually nearly there. Just got to work on the London close which I should know anyway. Like the football bet will give it a go. Edit: got 1.6 which is ok. There's some interesting ones there - San Marino v Belgium 1.02 lol
I got 1.57....even was considering 3.5 goals.. Last 2 recent games there it would have worked...
  • #44,137
  • Sep 6, 2019 11:07am Sep 6, 2019 11:07am
+34.9 for the day with robot. Closed the last one manually.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 42 KB
  • #44,138
  • Sep 6, 2019 11:30am Sep 6, 2019 11:30am
Quoting claudia1
+34.9 for the day with robot. Closed the last one manually. {image}
Nice......some for the weekend.... Tonight football night.... Cheers.... I start with a beer right now

Inserted Video
  • #44,139
  • Sep 6, 2019 3:15pm Sep 6, 2019 3:15pm
Quoting Patje
{quote} Nice......some for the weekend.... Tonight football night.... Cheers.... I start with a beer right now https://youtu.be/gS9o1FAszdk
Got the 2.5 - good call. Enjoy the beer !
  • #44,140
  • Sep 6, 2019 3:48pm Sep 6, 2019 3:48pm
Quoting claudia1
{quote} Got the 2.5 - good call. Enjoy the beer !
What a game.... Pfff.... Adrenaline... We won and won the bet... Great evening... Cheers
57 traders viewing now