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Trade Outside the Box (TOTB)

  • #221
  • Mar 20, 2020 11:30am Mar 20, 2020 11:30am
Quoting AlexeyRoss
Usdchf. Check it, valid or too late (far from the box)? EMA 200 yellow line{image} EJ hit SL and go reverse {image} EU going out of EMA 200 and seems like reversing aswell {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 151 KB


To be Honest i didnīt do any backtest for UCHF / EU

So if uou did and the expectency of % win trade (days) are more so go ahead

minimum 18 Months for baktesting on 1H timeframe
ENJOY YOUR TRADE
  • #222
  • Mar 20, 2020 12:40pm Mar 20, 2020 12:40pm
Hello I have been trying this system for a few days, its quite good and simple.

Nice work you do here EMMA`s fan. Congratulations.

By the way, is someone in yesterday`s EURJPY trade?
NaviHH
NaviManual All Time Return: 202.0%
  • #223
  • Mar 20, 2020 1:17pm Mar 20, 2020 1:17pm
New version "3Tier London Breakout V.5.0-GMT"

Hello, Emma,
I have installed in indicator a "proprietary" signal filter. If you have time, one can test whether some wrong trades can be avoided.

(On D1, the close of the previous day will be compared with the pivot and middle of the bar, as well as the smash bars. Further details are now unimportant).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1-3Tier-v5.0.PNG Size: 30 KB
Attached File(s)
File Type: ex4 3 Tier London Breakout V.5.0-GMT.ex4   42 KB | 716 downloads
  • #224
  • Mar 21, 2020 3:45am Mar 21, 2020 3:45am
Quoting SwingMan
New version "3Tier London Breakout V.5.0-GMT" Hello, Emma, I have installed in indicator a "proprietary" signal filter. If you have time, one can test whether some wrong trades can be avoided. (On D1, the close of the previous day will be compared with the pivot and middle of the bar, as well as the smash bars. Further details are now unimportant). {file} {image}
Indicator has expiration or other limitations?
Please excuse the bad English via Google Translate.
  • #225
  • Mar 21, 2020 4:30am Mar 21, 2020 4:30am
Quoting dokopy
{quote} Indicator has expiration or other limitations?
I think you should firstly say thanks to SwingMan and test this indicator before asking such questions...!
I never lose - either I win or I learn...
  • #226
  • Mar 21, 2020 4:44am Mar 21, 2020 4:44am
Quoting dokopy
...Indicator has expiration or other limitations?
Of course!
If the indicator is applied and no comment is posted in the thread, the indicator will only deliver wrong trend signals after 99 applications ...
  • #227
  • Mar 21, 2020 5:29am Mar 21, 2020 5:29am
Quoting SwingMan
{quote} Of course! If the indicator is applied and no comment is posted in the thread, the indicator will only deliver wrong trend signals after 99 applications ...
LOL yes... thanks my friend and wait a moment I will make a comment...as every indicator also that indi is a trade-off, it will avoid good trades as well, if applied by an EA, for instance! Nevertheless is need to be tested further...
Please, look at this arbitrary example NZDCAD:

Attached Image (click to enlarge)
Click to Enlarge Name: TOTB0.png Size: 77 KB


Have all a calm weekend nevertheless during these chaotic times...
I never lose - either I win or I learn...
  • #228
  • Mar 21, 2020 5:38am Mar 21, 2020 5:38am
Quoting SwingMan
{quote} Of course! If the indicator is applied and no comment is posted in the thread, the indicator will only deliver wrong trend signals after 99 applications ...
proprietary software
Computer software on which the producer has set restrictions on use, private modification, copying, or republishing.
Please excuse the bad English via Google Translate.
  • #229
  • Mar 21, 2020 5:52am Mar 21, 2020 5:52am
Quoting dokopy
...proprietary software. Computer software on which the producer has set restrictions on use, private modification, copying, or republishing.
With the interpretation you are right, you can not sell the idea on and become rich without you including me, even if it is "not" a patent.
But if you take my formulation so strictly ("the producer has set restrictions on use"), you cannot use the indicator either, and I will miss your analyzes ...
  • #230
  • Mar 21, 2020 6:04am Mar 21, 2020 6:04am
Quoting jdva
...LOL yes... thanks my friend and wait a moment I will make a comment...as every indicator also that indi is a trade-off, it will avoid good trades as well, if applied by an EA, for instance! Nevertheless is need to be tested further... Please, look at this arbitrary example NZDCAD: ... Have all a calm weekend nevertheless during these chaotic times...
Yes, I know that some good trades are missed.
In principle, this is not a problem, because with a DashBoard one gets enough trading opportunities every day.

I don't have much time to test, and before I started programming a DB I wanted to see if the idea was okay.
In principle, good trades are confirmed, but you also have to determine how many bad trades have been avoided. With 28 pairs, one should not trade all daily and be able to make a reasonable selection.
  • #231
  • Mar 21, 2020 8:36pm Mar 21, 2020 8:36pm
The new indicator looks great!

Even tho the market is closed it shows much better the idea.

No excess information. Better TP!

Keep up the great work guys!

Stay GREEN $!
Patience and Discipline.
  • #232
  • Mar 22, 2020 5:44am Mar 22, 2020 5:44am
Hello @Emma 7788-FAN thank you for opening this interesting thread. I like to use this boxing method because it is clear and simple via "Daily LineBoxes" with thanks to @hanover in H4.

I find the extension (Pips in Box, TP ...) by @SwingMan quite comfortable, thank you for your great support here too. Dear SwingMan, would you please check what caused the box to be mistakenly expanded last Thursday (under the red line)?
Many thanks

Attached Image (click to enlarge)
Click to Enlarge Name: Georg1.JPG Size: 246 KB
  • #233
  • Mar 22, 2020 6:26am Mar 22, 2020 6:26am
Quoting SwingMan
New version "3Tier London Breakout V.5.0-GMT" Hello, Emma, I have installed in indicator a "proprietary" signal filter. If you have time, one can test whether some wrong trades can be avoided. (On D1, the close of the previous day will be compared with the pivot and middle of the bar, as well as the smash bars. Further details are now unimportant). {file} {image}
As far as I can see the "proprietary signal filter".
cannot be turned off (only by setting colours to none).
That's a bit unlucky - especially if one already uses a "proprietary signal filter" of one's own.
Maybe this false/true-option can be implemented in possible future versions.
  • #234
  • Mar 22, 2020 7:12am Mar 22, 2020 7:12am
Quoting josi
... As far as I can see the "proprietary signal filter". cannot be turned off (only by setting colours to none).
Then use the previous version, is the same.
  • #235
  • Mar 22, 2020 7:14am Mar 22, 2020 7:14am
Quoting SwingMan
{quote} Then use the previous version, is the same.
Wilco!
Thanks for the hint.
  • #236
  • Mar 22, 2020 7:45am Mar 22, 2020 7:45am
Quoting Isabella_D
...would you please check what caused the box to be mistakenly expanded last Thursday (under the red line)?
I have no explanation. Sometimes I also have to update the chart when changing the time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 49 KB
  • #237
  • Mar 22, 2020 11:56am Mar 22, 2020 11:56am
Hey Emma, thank you for sharing your strategy. I'm still a little confused about the entries, maybe you or someone else can help me.

So if a Bar closes below the Box and isn't too close to the 50% tp do I immediately open the first Trade and set an Pending Order at the Low of the Box or do I set two Pending Orders at the Low of the Box and wait for them to be executed?

Hope someone coul help me with this.

Thanks!
  • #238
  • Mar 22, 2020 3:50pm Mar 22, 2020 3:50pm
Quoting Reitilicios
Hey Emma, thank you for sharing your strategy. I'm still a little confused about the entries, maybe you or someone else can help me. So if a Bar closes below the Box and isn't too close to the 50% tp do I immediately open the first Trade and set an Pending Order at the Low of the Box or do I set two Pending Orders at the Low of the Box and wait for them to be executed? Hope someone coul help me with this. Thanks!
If I understand properly

Bar closes below the box -> open sell market order and place a sell limit order @ Low Box

Bar closes above the box -> open buy market order and place a buy limit order @ High Box

Stop @ opposite box side
  • #239
  • Mar 22, 2020 5:34pm Mar 22, 2020 5:34pm
Quoting Alberto_Jazz
{quote} If I understand properly Bar closes below the box -> open sell market order and place a sell limit order @ Low Box Bar closes above the box -> open buy market order and place a buy limit order @ High Box Stop @ opposite box side

So if I do as you suggest, do I set the TP of the market Order at the 100% TP and the pending order at 50% TP?
  • #240
  • Mar 23, 2020 5:59am Mar 23, 2020 5:59am
Quoting Reitilicios
{quote} So if I do as you suggest, do I set the TP of the market Order at the 100% TP and the pending order at 50% TP?
This is what I see in the first post

1- BUY position with Take Profit at 50 of The range of the BOX within SL loss if any 1H BAR Close Below the BOX .
2- Set a Buy limit Order at the high of the BOX with a Take profit same pips of the BOX and SL Loss if any 1H BAR Close Below the BOX.
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