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Trade Outside the Box (TOTB)

  • #321
  • Mar 31, 2020 6:15am Mar 31, 2020 6:15am
Quoting SwingMan
New version "TradeOutsideTheBox v6.2" I've made a few adjustments. For trading I calculated the necessary number of lots for a given risk, etc. Please report any errors. {image} {file}


very very Useful SwingMan Thanks
ENJOY YOUR TRADE
  • #322
  • Mar 31, 2020 6:18am Mar 31, 2020 6:18am
Again quick profit today...though daily 100-EUR-target missed a little bit !

Attached Image (click to enlarge)
Click to Enlarge Name: TOTB.png Size: 19 KB
I never lose - either I win or I learn...
  • #323
  • Mar 31, 2020 6:22am Mar 31, 2020 6:22am
Quoting jdva
Again quick profit today...though daily 100-EUR-target missed a little bit ! {image}
Hi, I see at AJ, AC, NC relative small nett pips. Are you using trailing stop?
  • #324
  • Mar 31, 2020 6:32am Mar 31, 2020 6:32am
Quoting Emma7788-FAN
31.03.20 {image}

31.03.20 update
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 253 KB
ENJOY YOUR TRADE
  • #325
  • Mar 31, 2020 6:36am Mar 31, 2020 6:36am
Quoting jdva
Again quick profit today...though daily 100-EUR-target missed a little bit ! {image}
audjpy was a no trade, so was nzd cad, not sure what rules you are following ???
  • #326
  • Mar 31, 2020 6:36am Mar 31, 2020 6:36am
Quoting armaros
{quote} EA has too much daily range for me

i donīt take into account the max range



DONīT TRADE

*if BOX more tahn 200 Pips on (GBPUSD/EURAUD/USDJPY) or more than 300 pips on (GJ/EJ/GA)
* If the BreakOut Bar close and hit 50% of the range
ENJOY YOUR TRADE
  • #327
  • Mar 31, 2020 7:34am Mar 31, 2020 7:34am
Quoting nihilist23uk
{quote} audjpy was a no trade, so was nzd cad, not sure what rules you are following ???
I'm trading manually my own strategy and hence also do following my own rules. When you always copy what others do...it gets very difficult to become successful IMHO! You must find the rules which fit to your trading style/time/risk bearing.
My daily goal is 100 EUR per day with 1:1 risk on 7-10 trades , trying to be in the market as short as possible during these chaotic times. I'm trading mostly on M30 timeframe und exit positions on a Close-All script or a separate EA too. That is also the answer to "armaros".
I never lose - either I win or I learn...
  • #328
  • Mar 31, 2020 7:38am Mar 31, 2020 7:38am
Quoting jdva
{quote} I'm trading manually my own strategy and hence also do following my own rules. When you always copy what others do...it gets very difficult to become successful IMHO! You must find the rules which fit to your trading style/time/risk bearing. My daily goal is 100 EUR per day with 1:1 risk on 7-10 trades , trying to be in the market as short as possible during these chaotic times. I'm trading mostly on M30 timeframe und exit positions on a Close-All script or a separate EA too. That is also the answer to "armaros".
I am not copy your positions. This thread is about TOTB strategy. If you share a pic about your closed trades, many member here imagine that your trades were following this thread strategy. Including exit rules. That's why I asked trailing stop.

So please don't mix TOTB and your own strat on same picture. Deceptive. Thx.
  • #329
  • Mar 31, 2020 8:06am Mar 31, 2020 8:06am
Hi @Emma7788-FAN,

Im also on those same pairs you're trading today BUT my time is shifted 1hour behind, but I am following the rules you stated on post #1 can you confirm your marks are in line with the GMT? Or have you changed it lately I may have missed that.

Thanks and great finding this thread, BO is my fave trading method this is a killer!
  • #330
  • Mar 31, 2020 10:29am Mar 31, 2020 10:29am
@ emma7788-fan

why have you not adjusted your trading box times, europe and london are now in day light saving GMT+1 so do you not need to move your box to start from 7am instead of 6am ?
  • #331
  • Mar 31, 2020 11:47am Mar 31, 2020 11:47am
Quoting pedrobhs
Hi @Emma7788-FAN, Im also on those same pairs you're trading today BUT my time is shifted 1hour behind, but I am following the rules you stated on post #1 can you confirm your marks are in line with the GMT? Or have you changed it lately I may have missed that. Thanks and great finding this thread, BO is my fave trading method this is a killer!

@pedrobhs + @https://www.forexfactory.com/nihilist23uk

with Swingman indi you donīt need to do nothing it make and calculate automateclly

https://www.forexmarkethours.com

for more research
adjust your box manually

https://www.forexfactory.com/showthr...1#post12797441 post4



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 312 KB
ENJOY YOUR TRADE
  • #332
  • Mar 31, 2020 11:55am Mar 31, 2020 11:55am
Quoting jdva
{quote} I'm trading manually my own strategy and hence also do following my own rules. When you always copy what others do...it gets very difficult to become successful IMHO! You must find the rules which fit to your trading style/time/risk bearing. My daily goal is 100 EUR per day with 1:1 risk on 7-10 trades , trying to be in the market as short as possible during these chaotic times. I'm trading mostly on M30 timeframe und exit positions on a Close-All script or a separate EA too. That is also the answer to "armaros".

https://www.forexfactory.com/showthr...8#post12848298

Great work and said You must find the rules which fit to your trading style/time/risk bearing
ENJOY YOUR TRADE
  • #333
  • Edited 12:13pm Mar 31, 2020 11:56am | Edited 12:13pm
Quoting Emma7788-FAN
{quote} @pedrobhs + @https://www.forexfactory.com/nihilist23uk with Swingman indi you donīt need to do nothing it make and calculate automateclly https://www.forexmarkethours.com for more research adjust your box manually https://www.forexfactory.com/showthr...1#post12797441 post4 {image}
yes, but London open is 1hr later regardless of gmt, so you should have changed the gmt offset in swingmans indicator, otherwise (as in your charts) your box is covering 2hrs before Frankfurt open.
i changed mine this morning as im in london, as my broker is now london open +2 instead of +3 due to daylight saving, so both euro and london are opening 1hr later.
So now my charts show different to yours. it looks like you have not changed gmt offset or box start time. as per 1st post, box needs to start 1hr before euro open, please check.
Thanks.
  • #334
  • Mar 31, 2020 12:45pm Mar 31, 2020 12:45pm
Quoting nihilist23uk
... but London open is 1hr later regardless of gmt, so you should have changed the gmt offset in swingmans indicator, otherwise (as in your charts) your box is covering 2hrs before Frankfurt open. i changed mine this morning as im in london, as my broker is now london open +2 instead of +3 due to daylight saving, so both euro and london are opening 1hr later. So now my charts show different to yours. it looks like you have not changed gmt offset or box start time. as per 1st post, box needs to start 1hr before euro open, please check. Thanks.
You are probably right, but from the +2, +3 etc. I understand that I have to calculate the offset, and that is too difficult for me. If the offset changes and I sleep, everything is wrong!

Therefore with MT4 you can read in the server (broker) time and the GMT time, and subtract them.
This creates the calculated GMT offset = 3 hours (in Germany).

Here is a current comparison of the program values and the GMT-Greenwich time. Where is the mistake?
In any case, one may not deduct the local time from the broker time. Then the offset would actually be 1 hour (in Germany)
Attached Images
  • #335
  • Mar 31, 2020 1:09pm Mar 31, 2020 1:09pm
Thanks guys I am not using MT4 I was coding the indicator on cTrader and noticed that different even though my time is right offset with summer time. either way I manage to make the indicator similar to @SwingMan, all credits to this fantastic gentleman, what I did was not as complex as his indicator, is basicaly a box wrapping the opening candles and a fibo with targets, I still need to add the text on lines not sure how to do it yet but I will get there eventually, here is a peak.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-31-190402.png Size: 150 KB
  • #336
  • Mar 31, 2020 1:09pm Mar 31, 2020 1:09pm
Quoting SwingMan
{quote} You are probably right, but from the +2, +3 etc. I understand that I have to calculate the offset, and that is too difficult for me. If the offset changes and I sleep, everything is wrong! Therefore with MT4 you can read in the server (broker) time and the GMT time, and subtract them. This creates the calculated GMT offset = 3 hours (in Germany). Here is a current comparison of the program values and the GMT-Greenwich time. Where is the mistake? In any case, one may not deduct the local time from the broker time. Then the offset would actually...
Hi Swingman,
i dont see any issue with your indicator, its great and it works fine and we can all adjust the time to suite our broker.

once gmt offset is set, thats it, finished. but once London open changes we need to move the start time and finish time of box.

I was just pointing out that leaving everything as it was on Friday causes an issue this week because London and Europe opens 1hr later so we need to take that into account.

Broker gmt offset is still the same, just London/European open has moved.
  • #337
  • Mar 31, 2020 1:24pm Mar 31, 2020 1:24pm
ihilist23uk
pedrobhs


please donīt panic the big market makers move and move to unconsantate your focus on the box

WE TRADE 06.01 : 09.59 GMT doesnīt matter londen or frankfunt or kentucky or hawaii

Focus on the box

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB
ENJOY YOUR TRADE
  • #338
  • Mar 31, 2020 1:41pm Mar 31, 2020 1:41pm
Quoting Emma7788-FAN
...WE TRADE 06.01 : 09.59 GMT doesnīt matter londen or frankfunt or kentucky or hawaii. Focus on the box.
Dixit, says the Latin!

I am in Frankfurt but now I want to be in Hawaii ...
  • #339
  • Mar 31, 2020 2:04pm Mar 31, 2020 2:04pm
Quoting SwingMan
{quote} Dixit, says the Latin! I am in Frankfurt but now I want to be in Hawaii ...

imagine that your are in hawaii but all we must to be at home

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 706 KB
ENJOY YOUR TRADE
  • #340
  • Edited 2:49pm Mar 31, 2020 2:39pm | Edited 2:49pm
Quoting armaros
{quote} I am not copy your positions. This thread is about TOTB strategy. If you share a pic about your closed trades, many member here imagine that your trades were following this thread strategy. Including exit rules. That's why I asked trailing stop. So please don't mix TOTB and your own strat on same picture. Deceptive. Thx.
For your better understanding...my trading is based on the TOTB strategy and I do appreciate the OP's work and also SwingMan's support explicitly! I only made small adjustments according to my ideas and desires. That' all and nothing special. I also say thanks to OP for his understanding. I know that is not always naturally. Moreover I think no rules are set in stone for ever.
BTW, I'm a fan of emmanuel7788 too!

Happy trading, jdva
I never lose - either I win or I learn...
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