session break out | Forex Factory

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session break out

  • #1
  • First Post: Edited Oct 9, 2020 7:40am Oct 8, 2020 2:15am | Edited Oct 9, 2020 7:40am
pls delete thread
PATIENCE AND DISCIPLINE!
  • #2
  • Oct 8, 2020 2:33am Oct 8, 2020 2:33am
there is another twist on this strategy,, what is the use of laguerre right?

at the middle line of the previous session i also put pending orders.. depend where is the laguerre. if its below 40 . i put buy stop order on the middle ,,, TP on the top of the session and SL on the bottom of the session range. and same goes with sell situation . attached is an example of this
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 22 KB
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  • #3
  • Oct 8, 2020 2:37am Oct 8, 2020 2:37am
auto pivots set to 0
daily range set to 22
laguerre sets to .5
sessions set to tokyo open and close and US open and close. hide the london session...
Attached File(s)
File Type: ex4 auto pivots.ex4   54 KB | 340 downloads
File Type: mq4 auto pivots.mq4   31 KB | 290 downloads
File Type: ex4 Daily Range PeterE.ex4   10 KB | 305 downloads
File Type: mq4 Daily Range PeterE.mq4   2 KB | 335 downloads
File Type: ex4 Laguerre-ACS1.ex4   4 KB | 338 downloads
File Type: mq4 Laguerre-ACS1.mq4   3 KB | 325 downloads
File Type: ex4 Pivot Points - Daily (Shifted).ex4   8 KB | 332 downloads
File Type: mq4 Pivot Points - Daily (Shifted).mq4   11 KB | 339 downloads
File Type: ex4 Sessions(auto) v1.8.ex4   28 KB | 363 downloads
File Type: mq4 Sessions(auto) v1.8.mq4   11 KB | 318 downloads
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  • #4
  • Oct 8, 2020 2:39am Oct 8, 2020 2:39am
if you have any question.. pls let me know..im willing to share this strategy to you guys.. pls lets improve this. let me know also if you have suggestions.
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  • #5
  • Oct 8, 2020 2:43am Oct 8, 2020 2:43am
i use the us session range until 12 EET/ or until tokyo session closed.. all of my pending order will be expired after 12 EET/ tokyo session closed... then after tokyo close.. its session range is completed,, i will set new pending orders base on tokyo session. then let it run until london close.. then all my ponding order will expire.

then i will set new pending orders on the next day @ 5 am EET time... then repeat again to tokyo close

why i set on 5am EET time? i want the asian SE to settle first then i set my orders at 5am EET. then next is 12 EET? why? i want to set it again after euro SE settle.. you will notice it that most of the reversal on the day are happening on this time.
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  • #6
  • Oct 8, 2020 2:47am Oct 8, 2020 2:47am
i attached my template for you reference
Attached File(s)
File Type: tpl default.tpl   148 KB | 328 downloads
File Type: tpl gold.tpl   152 KB | 341 downloads
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  • #7
  • Oct 8, 2020 2:51am Oct 8, 2020 2:51am
todays trades
i use yesterdays us session range.

GU - 19 pips TP
GJ - did not enter because the candle already broke up before i place my trade @ 5Am EET
EU - 10 pips TP... middle zone trading

market is really not moving today
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  • #8
  • Oct 8, 2020 2:53am Oct 8, 2020 2:53am
im using this on GOLD, GU, GJ, GCHF, GCAD, EURUSD
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  • #9
  • Oct 8, 2020 3:12am Oct 8, 2020 3:12am
its like just place your pending orders... leave the computer running for trailing stops purpose. and then do your other thing... check again later your wins or loses. i may say that this is a set and forget trading style.. no stress,,, you only have stress after you see that you loss a... yeah,,, its not a win/ profit everyday.. but on how i tested this..i also come up with some profit at the end of the week... try it on your own.. backtest it.. we'll figure it out. thanks
PATIENCE AND DISCIPLINE!
  • #10
  • Oct 8, 2020 4:00am Oct 8, 2020 4:00am
Hello Harold
This strategy is in the category that is called London Open, allthough you are wisely not trading the London session, but only Tokyo and US.

I have made several EA's for auto trading London Open (all three sessions). I never succeded in being profittable on this. So if you can prove to me, that you really are profittable since may, then I will be willing to give it a shot.

I am able to code all kinds of TP, BE, SL, TSL - whatever is the best thing to do. I have some fine ideas about money management that could come in handy.

I have programmed allmost 100 EA's, but until now never used Pivots. That might be a fault. In order to code this strategy, I must reveal how the pivot indicator works. If I can do that, then I can surely program a robot for this strategy.

My programming style is doing all the coding myself - not using any coding tools which makes so many faults. And I am rather fast.

But again, I need to see evidence that it has shown profittable. You can PM me, if it is too sensible for the thread.
MetaTrader 4 - so many advantages.
  • #11
  • Edited 8:01am Oct 8, 2020 7:37am | Edited 8:01am
these are the result of my pending trades on using the tokyo session range today.. i accidentally closed the GBPCHF trade,... oh well. hahaha oh profit from us session range from this morning are not included yet
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.png Size: 213 KB
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  • #12
  • Oct 8, 2020 10:22am Oct 8, 2020 10:22am
Quoting harold1
i got this strategy that i been using and testing since may 2020. results are quite good and i want to share it for improvement purposes. basically, its a breakout strategy. i use sessions (auto) indicator which is set at tokyo session and US session only. then i have a auto pivot for TP purpose, ADR also for TP purpose. a laguerre indicator set to .5 as add on to this strategy. i use pending orders in on this strategy.. i only check the chart on 5 am EET time and 12 EET time as weel... only on this two time i set my trades and let it run. as i...
Harold. In several cases on the chart shown, the wick find the way exactly to the TP. The question is if the trade would trigger in real life. Would it be wise to set TP some pips lower/higher than the pivot?
MetaTrader 4 - so many advantages.
  • #13
  • Oct 8, 2020 10:24am Oct 8, 2020 10:24am
Quoting harold1
i got this strategy that i been using and testing since may 2020. results are quite good and i want to share it for improvement purposes. basically, its a breakout strategy. i use sessions (auto) indicator which is set at tokyo session and US session only. then i have a auto pivot for TP purpose, ADR also for TP purpose. a laguerre indicator set to .5 as add on to this strategy. i use pending orders in on this strategy.. i only check the chart on 5 am EET time and 12 EET time as weel... only on this two time i set my trades and let it run. as i...
You set a pending order at the level of the former session high/low. But it seems at the chart that you give it a couple of pips extra. Any rule about that??
MetaTrader 4 - so many advantages.
  • #14
  • Oct 8, 2020 10:29am Oct 8, 2020 10:29am
Quoting harold1
there is another twist on this strategy,, what is the use of laguerre right? at the middle line of the previous session i also put pending orders.. depend where is the laguerre. if its below 40 . i put buy stop order on the middle ,,, TP on the top of the session and SL on the bottom of the session range. and same goes with sell situation . attached is an example of this {image}
May I understand it so, that you can have two trades in the same direction? That will require a special handling of the trades in order to attach TP, SL etc. to the right trade, so I need to know.
MetaTrader 4 - so many advantages.
  • #15
  • Oct 8, 2020 10:32am Oct 8, 2020 10:32am
Quoting harold1
{quote} yes.. i set it 2 to 3 pips more than the level of the former session high and low.. you know, just to give a space for spread,
OK.
MetaTrader 4 - so many advantages.
  • #16
  • Oct 8, 2020 10:39am Oct 8, 2020 10:39am
Quoting harold1
{quote} it rarely happens. its like two trades on the same direction will happen only if there is a trade that is not yet close from the previous session. and then from the current session, another trade was triggered
OK, but if it happens only rarely, the EA need to be able to handle it anyway.

Right - i got answers to my questions and I will start programming. In the first revision I will exclude the Laguerre trades. Just to simplify the task. Next revision will have the full functionality. From there we can try to improve the strategy. However I have often seen on these FF threads, that the inital fine strategy is totally ruined by adding a lot of unneccesary stuff. So let's keep it simple.
MetaTrader 4 - so many advantages.
  • #17
  • Oct 8, 2020 10:45am Oct 8, 2020 10:45am
Quoting harold1
{quote} yeah.. this is the simplest and most complicated state of this strategy.i my self as well is not a fan of complicated strategy. yeah.. lets do this,,, just ask me if you have question... o by the way,,, in trading the middle line of the session.. if the top level of the session range comes first than a pivot line... tp should be on the top level of the session range.
OK.

And a break even function is no problem. We make that.
MetaTrader 4 - so many advantages.
  • #18
  • Last Post: Oct 8, 2020 10:57am Oct 8, 2020 10:57am
Quoting harold1
{quote} yeah and pls leave an option for trailing stop as well.. thanks... good luck my friend!
OK.
MetaTrader 4 - so many advantages.
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