Billytt Die happy trading e/j daily breakout | Page 2690 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #53,781
  • Oct 2, 2020 4:56am Oct 2, 2020 4:56am
Got it working on GU break.
Attached Image (click to enlarge)
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  • #53,782
  • Oct 2, 2020 4:59am Oct 2, 2020 4:59am
Quoting claudia1
Got it working on GU break. {image}
yaaaaaaaaaaaaaaay good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,783
  • Oct 2, 2020 5:00am Oct 2, 2020 5:00am
Quoting ia1979
{quote} Interesting results. When you say drawdown you mean the biggest losing trade that day right? Because you are closing down both trades at the end of the day anyway, as far as I can tell. Or are these longer term drawdown figures? I thought the idea was you take the Billy bar range, pending long at the top, pending short at the bottom, both with a 20 pip TP. Hopefully both will hit profit during the day, but if not, you will close the losing trade at the end of that day, and start all over again the following day. Unless I have this wrong?...
look at the realtrade examples, i started this yesterday. everyday one long and one short, when the range is triggered for +20. (some days only a long or a short)

yesterday there were 2*20 trades=+40
today there was one +20 trade, one is waiting for a short.



the drawdown or length of it i mean the period from high to low from a series of trades, example: -50, +20, -50, +10, -50, +20,+20,+20, +20, +20, +20, +20, +20= drawdown -120

the drawdown ends in my counting when the account reaches a new high.

hope it is clear for you.
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trading is like dancing, don't think and just listen to the music!
  • #53,784
  • Oct 2, 2020 5:01am Oct 2, 2020 5:01am
Quoting lemercenaire
{quote} Ah well. Maybe next time
She has one last chance with me at the first at Ascot today. In fairness she did have a 50/1 win earlier in the year. Yesterday wasn't so bad she came in second on an 8/1.
  • #53,785
  • Oct 2, 2020 5:05am Oct 2, 2020 5:05am
Quoting billytt
{quote} yaaaaaaaaaaaaaaay good.
Still on demo with it but it does work.
  • #53,786
  • Oct 2, 2020 5:08am Oct 2, 2020 5:08am
Quoting birdland
{quote} look at the realtrade examples, i started this yesterday. everyday one long and one short, when the range is triggered for +20. (some days only a long or a short) yesterday there were 2*20 trades=+40 today there was one +20 trade, one is waiting for a short. the drawdown or length of it i mean the period from high to low from a series of trades, example: -50, +20, -50, +10, -50, +20,+20,+20, +20, +20, +20, +20, +20= drawdown -120 the drawdown ends in my counting when the account reaches a new high. hope it is clear for you. {image}
Good post.

try and log when the 20+ happens.
ie, if its just after uk open for instance,
Which bar ,maybe a certain bar at ,,example 08-00 9-00 , 10 etc.
look for patterns because they do happen.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,787
  • Oct 2, 2020 5:11am Oct 2, 2020 5:11am
Quoting billytt
{quote} Good post. try and log when the 20+ happens. ie, if its just after uk open for instance, Which bar ,maybe a certain bar at ,,example 08-00 9-00 , 10 etc. look for patterns because they do happen.
Wish the wine bar opened at 08-00
  • #53,788
  • Oct 2, 2020 5:52am Oct 2, 2020 5:52am
Quoting birdland
{quote} look at the realtrade examples, i started this yesterday. everyday one long and one short, when the range is triggered for +20. (some days only a long or a short) yesterday there were 2*20 trades=+40 today there was one +20 trade, one is waiting for a short. the drawdown or length of it i mean the period from high to low from a series of trades, example: -50, +20, -50, +10, -50, +20,+20,+20, +20, +20, +20, +20, +20= drawdown -120 the drawdown ends in my counting when the account reaches a new high. hope it is clear for you. {image}
Got it thanks. Are you manually testing this? The range break EA will take these trades for you. Just have it on 2 charts. Longs only on 1 and shorts only on the other 1. Different magic numbers. Set the max trades to one per day on each chart. Could have it taking multiple trades in one direction as well like what happened with me this morning. It only takes multiple trades if the one before hits take profit. This might reduce the drawdown further.

Say on 1 chart it goes in and out of the range 3 times to the upside, making 20 profit each time. And on the other chart although it breaks the short side, it never reaches take profit. That way you have 1 short trade in drawdown. And 3 long trades that have hit profit. So your drawdown should be less. Or you might even be in profit overall. In the above example your max trades should be set to a bigger number, maybe 3 per chart. Remember, the EA will only take another trade if the 1st one hits profit, AND price travels in and out of the range again. I think you might just have given me an idea here. Thanks.
  • #53,789
  • Oct 2, 2020 6:18am Oct 2, 2020 6:18am
Quoting lemercenaire
You gotta' luv, luv, luv this trading game, lol. Had the chart sitting open from the earlier plays and saw the initial off-the-cliff drop... Well, you know what that means! SPIKE-HUNT!!! Went in Long on the way back from the drop - happened so fast, I only got one trade on. The dotted green lines at the top were my initial sort-of targets (lines from 5 or 15-min...
High Speed "Wick Zone" Lem
every Saint has a past. Every Sinner has a Future
  • #53,790
  • Oct 2, 2020 6:23am Oct 2, 2020 6:23am
Quoting ia1979
{quote} That drawdown of 300 pips can probably be avoided by having an emergency stop at maybe 50 or 100 pips. Because like you saw, every now and then a day will come along to ruin all the fun. How many times in total did you get a drawdown of more than 100 pips?
Emergency stops are okay unless price leaps over them. And it often does.But a stop is better than no stop. At least it is triggered at the next available price.
I think some spread bet firms allow the use of guaranteed stops but you pay a premium. But a one could argue that a premium is worth it to avoid seeing your account wither before your eyes
every Saint has a past. Every Sinner has a Future
  • #53,791
  • Oct 2, 2020 6:35am Oct 2, 2020 6:35am
Quoting turnip15
{quote} Emergency stops are okay unless price leaps over them. And it often does.But a stop is better than no stop. At least it is triggered at the next available price. I think some spread bet firms allow the use of guaranteed stops but you pay a premium. But a one could argue that a premium is worth it to avoid seeing your account wither before your eyes
IG still offer guaranteed stops.
  • #53,792
  • Oct 2, 2020 6:46am Oct 2, 2020 6:46am
@ Sheppy.

Hi Scott as requested here's the ea that ia1979 has had developed. Works good - give it a try and give some feedback.
Attached File(s)
File Type: mq4 RangeBreak_V3.mq4   68 KB | 320 downloads
  • #53,793
  • Oct 2, 2020 6:50am Oct 2, 2020 6:50am
Quoting claudia1
@ Sheppy. Hi Scott as requested here's the ea that ia1979 has had developed. Works good - give it a try and give some feedback. {file}

Thanks Claudia, much appreciated as always) What time frame ?30 min?
  • #53,794
  • Oct 2, 2020 6:51am Oct 2, 2020 6:51am
Quoting sheppy
{quote} Thanks Claudia, much appreciated as always) What time frame ?30 min?
Don't think it matters. But on aj and ej I have it on the 30 mins.
  • #53,795
  • Oct 2, 2020 6:53am Oct 2, 2020 6:53am
Quoting claudia1
{quote} Don't think it matters. But on aj and ej I have it on the 30 mins.
Will tinker around and report back Thanks!!!!
  • #53,796
  • Oct 2, 2020 6:54am Oct 2, 2020 6:54am
Quoting sheppy
{quote} Will tinker around and report back Thanks!!!!
If you lose you know who to blame lol.
  • #53,797
  • Oct 2, 2020 7:03am Oct 2, 2020 7:03am
Quoting claudia1
{quote} If you lose you know who to blame lol.
It was all Billy's idea
  • #53,798
  • Oct 2, 2020 7:04am Oct 2, 2020 7:04am
Quoting claudia1
{quote} If you lose you know who to blame lol.
Myself LOL Have you adjusted any of the settings/parameters etc?
  • #53,799
  • Oct 2, 2020 7:06am Oct 2, 2020 7:06am
Quoting sheppy
{quote} Myself LOL Have you adjusted any of the settings/parameters etc?
Here are the settings. The only 2 additional settings we got added were:

1) Option to choose which days to trade on
2) Stop automatically at the other side of the range on final trade (your final trade could be your 1st trade or your 75th trade lol)

I should mention that the trading start time right at the bottom, should start AFTER your 'range end time'. So if trading the 12am-4am range, make sure your start time isn't something like 12am. It should be after 4am. Otherwise the EA will carry on using yesterday's range because a new range has not yet been formed. Hope that makes sense.
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  • #53,800
  • Oct 2, 2020 7:17am Oct 2, 2020 7:17am
Quoting sheppy
{quote} Myself LOL Have you adjusted any of the settings/parameters etc?
Here's my settings on AJ/EJ - and don't blame yourself we blame Billy for everything.
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