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Trade Outside the Box (TOTB)

  • #261
  • Mar 26, 2020 8:37am Mar 26, 2020 8:37am
Quoting Alberto_Jazz
{quote} Box range is >150, this is the reason
Should be two reasons. 1: box range is > 150 2: Breakout bar is near the TP1. But I dont think box range is the reason why dont trade at that moment, because the box range is unlimited( my personal thought ). we never know the what exactly true range is. I am just saying
  • #262
  • Mar 26, 2020 12:05pm Mar 26, 2020 12:05pm
TP HIT
Attached Image
  • #263
  • Mar 26, 2020 12:31pm Mar 26, 2020 12:31pm
Quoting onethousand
TP HIT {image}

Your Box looks very strange to me
  • #264
  • Mar 26, 2020 12:44pm Mar 26, 2020 12:44pm
Quoting Reitilicios
{quote} Your Box looks very strange to me
Here is the clear one lol
Attached Image (click to enlarge)
Click to Enlarge Name: 112.png Size: 20 KB
  • #265
  • Mar 26, 2020 2:12pm Mar 26, 2020 2:12pm
Quoting Emma7788-FAN
25.03.20 {image}
Hi Emma
How can I calculate this correlation?
https://www.forexfactory.com/showthr...8#post12802628
  • #266
  • Mar 26, 2020 3:03pm Mar 26, 2020 3:03pm
Quoting smartvin
...Hi Emma How can I calculate this correlation? https://www.forexfactory.com/showthr...8#post12802628
You learn to calculate, or you can find on mataf's website or others:
https://www.mataf.net/en/forex/tools/correlation

Maybe this will help you:
https://www.forexfactory.com/showthr...8#post12802798
Attached Image
  • #267
  • Mar 26, 2020 4:44pm Mar 26, 2020 4:44pm
Great Job guys!!! , i like the concept, similar to REVERSE PSYCHOLOGY . but am finding it hard to identify your steps for BUY and SELL.
when do you BUY and when do you SELL?
Life is beautiful the way you dress it.
  • #268
  • Mar 26, 2020 7:22pm Mar 26, 2020 7:22pm
Hello
I'm not a programmer but I managed to do EA, do you have an idea how to make it better?
Attached Image (click to enlarge)
Click to Enlarge Name: box.jpg Size: 1.8 MB
Attached File(s)
File Type: ex5 Box.ex5   64 KB | 342 downloads
  • #269
  • Mar 27, 2020 1:01am Mar 27, 2020 1:01am
Quoting SwingMan
{quote} You learn to calculate, or you can find on mataf's website or others: https://www.mataf.net/en/forex/tools/correlation Maybe this will help you: https://www.forexfactory.com/showthr...8#post12802798 {image}
Thanks Swingman
  • #270
  • Mar 27, 2020 4:47am Mar 27, 2020 4:47am
2019
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BOX 2019 2.jpg Size: 1.1 MB
Click to Enlarge Name: BOX 2019.jpg Size: 1.5 MB
  • #271
  • Mar 27, 2020 4:51am Mar 27, 2020 4:51am
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP 2019.jpg Size: 521 KB
  • #272
  • Mar 27, 2020 4:59am Mar 27, 2020 4:59am
26.03.20

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 241 KB
ENJOY YOUR TRADE
  • #273
  • Mar 27, 2020 5:03am Mar 27, 2020 5:03am
27.03.20

No thing to do Now just wait for closing BAR

1-06:00-10:00 GMT BOX Range (**)pips
2-Wait for Setup to be done Done
3- calculate your risk R:R (Pips / Risk (*%) of my account = could be 1 trade or 2 or 3 positions but totally ( same Risk)
4- Be ready to open your Sell / Buy Market & limit Order as well Done ( buoght + buy limit order placed )

5 -Rule of exit

A- (TP) 1 trade @ 50% this case 50% pips of the range
(Tp) 2 Trade @ 100% pips of the range

B- Exit Rule by Stop loss
close trade if 1H Bar close below low / Above high
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 201 KB
ENJOY YOUR TRADE
  • #274
  • Mar 27, 2020 5:17am Mar 27, 2020 5:17am
first of all Thanks a lot for your great job

i like GU & EG looks perfects but to look behind the chart and backtesting there is a big correlations between each
analising the grafic going together up & down

Quoting jarin9
2019 {image} {image}

https://www.forexfactory.com/showthr...1#post12841411


thatīs why i like GU & EG the correlation is interesting even back testing



Thanks @jarin9
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 1.0 MB
ENJOY YOUR TRADE
  • #275
  • Mar 27, 2020 5:35am Mar 27, 2020 5:35am
There are some bugs in EA, I'll fix and upload.
  • #276
  • Mar 27, 2020 6:15am Mar 27, 2020 6:15am
Quoting jarin9
There are some bugs in EA, I'll fix and upload.
ENJOY YOUR TRADE
  • #277
  • Mar 27, 2020 10:08am Mar 27, 2020 10:08am
Have you noticed that a lot of big moves happen when the 9am bar starts? Might be a good to make the box 6am, 7am, 8am (3 hours), and trade the break of the box with the 9am bar. Don't wait for it to close. Enter the trade as it breaks the box. Just a thought.
  • #278
  • Mar 27, 2020 10:31am Mar 27, 2020 10:31am
Quoting ia1979
Have you noticed that a lot of big moves happen when the 9am bar starts? Might be a good to make the box 6am, 7am, 8am (3 hours), and trade the break of the box with the 9am bar. Don't wait for it to close. Enter the trade as it breaks the box. Just a thought.
There is also a statistical indicator for your observation: https://www.forexfactory.com/showthr...9#post12804579
  • #279
  • Edited 4:40pm Mar 27, 2020 4:22pm | Edited 4:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 196 KB

Quoting Emma7788-FAN
27.03.20 No thing to do Now just wait for closing BAR 1-06:00-10:00 GMT BOX Range (**)pips 2-Wait for Setup to be done Done 3- calculate your risk R:R (Pips / Risk (*%) of my account = could be 1 trade or 2 or 3 positions but totally ( same Risk) 4- Be ready to open your Sell / Buy Market & limit Order as well Done ( buoght + buy limit order placed ) 5 -Rule of exit A- (TP) 1 trade @ 50% this case 50% pips of the range (Tp) 2 Trade @ 100% pips of the range B- Exit Rule by Stop loss close trade if 1H Bar close below low / Above high {image}

Emma, I trade similar breakout strategy, opening 5 hours 0000 - 0500

My question, why are you not exiting trades by the end (as an example 22:59) of the "trading day", just to start a new box trading next day?

Is it something that prove to be more profitable to keep the trades running until TP or SL?
  • #280
  • Edited 4:02pm Mar 28, 2020 3:47pm | Edited 4:02pm
New version "TradeOutsideTheBox v6.0"

This version is a continuation of the existing version "3 Tier London Breakout V.5.0-GMT"
In the meantime I have adapted the code to the TOTB strategy of @Emma7788-FAN, and I might make some changes later, which is why I have also changed the name.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1-TOTB.PNG Size: 36 KB
Attached File(s)
File Type: ex4 TradeOutsideTheBox v6.0.ex4   40 KB | 505 downloads
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