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GBP H4 Breakout

  • #41
  • Feb 26, 2020 2:16pm Feb 26, 2020 2:16pm
Go ahead man nice idea and the backtesting was interesting to follow
ENJOY YOUR TRADE
  • #42
  • Edited 8:53am Feb 27, 2020 8:35am | Edited 8:53am
KISS THE GBP

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Take profit order 1 at 50% of range
Take profit order 2 at 100% of range
ENJOY YOUR TRADE
  • #43
  • Feb 27, 2020 1:44pm Feb 27, 2020 1:44pm
Maybe Someone can make it an EA
will be better to backtesting

thanks
ENJOY YOUR TRADE
  • #44
  • Feb 28, 2020 4:52am Feb 28, 2020 4:52am
how you guys going with it all ?? looks pretty good from the back testing ive done thinking ill give it a go next week.
  • #45
  • Feb 28, 2020 1:19pm Feb 28, 2020 1:19pm
24-28 FEB
93 Pips
The most important MM is to open 2 Trades 1 target 50% of the range & 2 target 100% of the range



24Feb No traded
25Feb -66
26Feb 55
27Feb 44
28Feb 60


Attached Image (click to enlarge)
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ENJOY YOUR TRADE
  • #46
  • Feb 28, 2020 3:14pm Feb 28, 2020 3:14pm
Quoting Emma7788-FAN
24-28 FEB 93 Pips The most important MM is to open 2 Trades 1 target 50% of the range & 2 target 100% of the range 24Feb No traded 25Feb -66 26Feb 55 27Feb 44 28Feb 60 {image}
Are you only using limit orders?
Your limit order will not have been triggered on 2/28/20..
  • #47
  • Feb 28, 2020 3:20pm Feb 28, 2020 3:20pm
Quoting aelimian
{quote} Are you only using limit orders? Your limit order will not have been triggered on 2/28/20..

was MARKET order
ENJOY YOUR TRADE
  • #48
  • Feb 28, 2020 3:36pm Feb 28, 2020 3:36pm
Quoting Emma7788-FAN
{quote} was MARKET order
So you are placing both market and limit order then?
  • #49
  • Mar 1, 2020 10:04am Mar 1, 2020 10:04am
Quoting Emma7788-FAN
24-28 FEB 93 Pips The most important MM is to open 2 Trades 1 target 50% of the range & 2 target 100% of the range 24Feb No traded 25Feb -66 26Feb 55 27Feb 44 28Feb 60 {image}
no offence but I think your window (before BO) is much too big;
if you look at London open this - to me - seems a much more obvious solution.
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  • #50
  • Mar 1, 2020 1:42pm Mar 1, 2020 1:42pm
Quoting josi
{quote} no offence but I think your window (before BO) is much too big; if you look at London open this - to me - seems a much more obvious solution. {image}
did you do the backtest for it ?
and how it was the ratio of winning to losses?

my window from 08:00-12:00 +2GMT

24 months backtesting RR was amazing

fixed risk for example 100$ / Trade
you will win 100$ or Lose 100$

the performance is at least you’ll have a 100$ a week
ENJOY YOUR TRADE
  • #51
  • Mar 1, 2020 11:47pm Mar 1, 2020 11:47pm
Quoting Emma7788-FAN
{quote} did you do the backtest for it ? and how it was the ratio of winning to losses? my window from 08:00-12:00 +2GMT 24 months backtesting RR was amazing fixed risk for example 100$ / Trade you will win 100$ or Lose 100$ the performance is at least you’ll have a 100$ a week

Thanks for your information.
But:
Best to check it yourself - I think it improves outcome.
  • #52
  • Mar 2, 2020 2:48am Mar 2, 2020 2:48am
I have a question about the indicator.

As you can see in the picture even in a smaller time frame the indicator is showing too much older data and it is kinda hard to see what is going on.

Maybe it is from the settings. If someone can help it will be great.
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Patience and Discipline.
  • #53
  • Mar 2, 2020 3:20am Mar 2, 2020 3:20am
Quoting josi
{quote} Thanks for your information. But: Best to check it yourself - I think it improves outcome.

that`s what i normally do
but which one i have to check
open London ? 8.00 AM GMT (that what did you mean?)
or if the open Londeon candle B/Out the asian box ?
could you post a chart with an entry & exite example to see what you are talking about
i will apreciate
thanks
ENJOY YOUR TRADE
  • #54
  • Edited 4:45am Mar 2, 2020 3:30am | Edited 4:45am
Quoting Emma7788-FAN
{quote} that`s what i normally do but which one i have to check open London ? 8.00 AM GMT (that what did you mean?) or if the open Londeon candle B/Out the asian box ? could you post a chart with an entry & exite example to see what you are talking about i will apreciate thanks
The example is in post 49:
I used the H1-candle before London-Open (you could say the Frankfurt-Open-Candle) + the H1-London-Open-Candle
and look for BO from there.
Whether this is an idea for you very much depends on the time zone you're trading in.
If you're trading outside Europe your approach may be very sensible, if you want to trade London-Open at all cost.
I hope this is of use to you.
  • #55
  • Mar 2, 2020 4:18am Mar 2, 2020 4:18am
Yeah, that might be the case. How to make the BO smaller?
Patience and Discipline.
  • #56
  • Mar 2, 2020 4:43am Mar 2, 2020 4:43am
Quoting Stefan90csk
Yeah, that might be the case. How to make the BO smaller?
you just change the settings of the indicator.
  • #57
  • Mar 2, 2020 7:30am Mar 2, 2020 7:30am
Quoting josi
{quote} you just change the settings of the indicator.
Exactly - Im asking with setting to change.
Patience and Discipline.
  • #58
  • Edited 9:41am Mar 2, 2020 7:39am | Edited 9:41am
Quoting Stefan90csk
{quote} Exactly - Im asking with setting to change.
Are you kidding?
Open the indicator, change the settings...
Nothing to it - experiment, if you don't know....

I didn't want to sound harsh - but if you don't figure it out yourself, it won't be of any help whatsoever.
You really have to understand your indicators before you can start trusting their signals.
So chin up - and DIY
  • #59
  • Mar 2, 2020 9:32am Mar 2, 2020 9:32am
Quoting josi
{quote} Are you kidding? Open the indicator, change the settings... Nothing to it - experiment, if you don't know....
Give him some slack, he joined FF Jan 2020. We all started somewhere
  • #60
  • Mar 2, 2020 9:44am Mar 2, 2020 9:44am
no profit longterm if you do not use filters for breakout
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