Billytt Die happy trading e/j daily breakout | Page 2872 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #57,421
  • Apr 2, 2021 4:48am Apr 2, 2021 4:48am
Quoting claudia1
{quote} 12-2 am is my preferred at the moment. Nothing wrong with 10pm-midnight. Need another advisor coding for it as it's a great pair to trade overnight - ok for Michael where he lives ! Good to hear he's following it.
Ok thanks.

The range break EA I shared a while ago still works fine. Did you run into issues with it?
  • #57,422
  • Apr 2, 2021 4:52am Apr 2, 2021 4:52am
Quoting claudia1
{quote} 12-2 am is my preferred at the moment. Nothing wrong with 10pm-midnight. Need another advisor coding for it as it's a great pair to trade overnight - ok for Michael where he lives ! Good to hear he's following it.
From memory it was a 10 pip SL and 15 pip TP. I might start it again from next week as well. Max 2 breaks.
  • #57,423
  • Apr 2, 2021 4:57am Apr 2, 2021 4:57am
Quoting ia1979
{quote} Ok thanks. The range break EA I shared a while ago still works fine. Did you run into issues with it?
No. SSBO was something I got involved with from the start pretty much,

What I want is an advisor that opens and closes at set times with facility to add a buffer. Had this before until fell out with Retina which isn't difficult !

This would handle any breakout strategies including billy bar/aj etc etc.

Have a price to get it coded from a guy who has worked for me before and I'm going ahead next week. Will share the ea here - open to suggestions for functions from all.
  • #57,424
  • Apr 2, 2021 5:15am Apr 2, 2021 5:15am
Quoting claudia1
{quote} No. SSBO was something I got involved with from the start pretty much, What I want is an advisor that opens and closes at set times with facility to add a buffer. Had this before until fell out with Retina which isn't difficult ! This would handle any breakout strategies including billy bar/aj etc etc. Have a price to get it coded from a guy who has worked for me before and I'm going ahead next week. Will share the ea here - open to suggestions for functions from all.
I have attached the one I had coded a few months ago after suggestions from everyone here. I did share it but it was a while back. I have had a couple of small changes done to it since then. Have a look, it might do everything you need it to do.

It has an ADR filter, a buffer setting, what days to trade, max number of trades per day, a trail stop option (in profit as well as points). Everything is in points so if you want a 2 pip buffer, just put 20 in there and you are good to go. I regularly use this and it works fine. Take a look. If unsure about any setting, give me a shout.
Attached File(s)
File Type: mq4 RangeBreak_V6.mq4   74 KB | 310 downloads
  • #57,425
  • Apr 2, 2021 5:17am Apr 2, 2021 5:17am
Quoting ia1979
{quote} I have attached the one I had coded a few months ago after suggestions from everyone here. I did share it but it was a while back. I have had a couple of small changes done to it since then. Have a look, it might do everything you need it to do. It has an ADR filter, a buffer setting, what days to trade, max number of trades per day, a trail stop option (in profit as well as points). Everything is in points so if you want a 2 pip buffer, just put 20 in there and you are good to go. I regularly use this and it works fine. Take a look. If...
Will do. Thanks.
  • #57,426
  • Apr 2, 2021 5:32am Apr 2, 2021 5:32am
Quoting ia1979
{quote} I have attached the one I had coded a few months ago after suggestions from everyone here. I did share it but it was a while back. I have had a couple of small changes done to it since then. Have a look, it might do everything you need it to do. It has an ADR filter, a buffer setting, what days to trade, max number of trades per day, a trail stop option (in profit as well as points). Everything is in points so if you want a 2 pip buffer, just put 20 in there and you are good to go. I regularly use this and it works fine. Take a look. If...
Had a quick look and it does seem to do everything I need. Not sure I could have written the specification any better myself !

Will run it live on AJ next week. Settings look straight forward.

Thanks again.
  • #57,427
  • Apr 2, 2021 5:55am Apr 2, 2021 5:55am
Quoting claudia1
{quote} Had a quick look and it does seem to do everything I need. Not sure I could have written the specification any better myself ! Will run it live on AJ next week. Settings look straight forward. Thanks again.
That's probably because 50% of the suggestions perhaps came from you lol.

I have attached a set file for AJ. Ran it through strategy tester for the past week. Just over £1400 profit for the week (5 lot trades). You'll see that I have put some figures into the profit trailing stop option. For this set file, it means that once profit reaches 650 (money terms), the EA will not let it drop below 500 again (obviously these figures can be changed to whatever you want). Useful if you have an EA that is set to take 2 breaks.

Without this setting you might give back some of your profits. For example, EA takes a high break and makes 650 profit. Then price drops and it takes the low break and loses 450 as the low break hits SL. That means that you are now left with only 200 profit. Using this setting, you will ensure you walk away with at least 500 profit, even if it takes 2 breaks. Hope that makes sense.

Had to change the set file to zip as I wasn't allowed to upload it as a set file for some reason.

Edit - the same set file gave £2200 profit the week before.
Attached File(s)
File Type: zip AJ-Set.zip   < 1 KB | 185 downloads
  • #57,428
  • Apr 2, 2021 5:59am Apr 2, 2021 5:59am
Quoting ia1979
{quote} That's probably because 50% of the suggestions perhaps came from you lol. I have attached a set file for AJ. Ran it through strategy tester for the past week. Just over £1400 profit for the week (5 lot trades). You'll see that I have put some figures into the profit trailing stop option. For this set file, it means that once profit reaches 650 (money terms), the EA will not let it drop below 500 again (obviously these figures can be changed to whatever you want). Useful if you have an EA that is set to take 2 breaks. Without this...
I do have a use then !

I'll give some feedback next week.
  • #57,429
  • Apr 2, 2021 6:06am Apr 2, 2021 6:06am
Quoting claudia1
{quote} I do have a use then ! I'll give some feedback next week.
Thanks, look forward to the feedback.

When you mentioned you were thinking about getting one designed, I thought you might have forgotten about this one as it was shared quite a few months ago, after feedback from yourself and others on here.
  • #57,430
  • Edited 9:00am Apr 2, 2021 8:27am | Edited 9:00am
Quoting claudia1
{quote} Had a quick look and it does seem to do everything I need. Not sure I could have written the specification any better myself ! Will run it live on AJ next week. Settings look straight forward. Thanks again.
Just did a back test going back to the beginning of March Claudia.

The 12-2am break on AJ seems to yield better results when taking one break only, and with the R:R set to 1:1, so a 15 pip TP and 15 pip SL. Here are my findings based on 5 lot trades for the period 01/03/2021 - 02/04/2021 (inclusive):

Overall profit for 2 breaks a day for the above period (10 pip SL and 15 pip TP) = £849.00
Overall profit for 1 break a day for the above period (10 pip SL and 15 pip TP) = £497.00
Overall profit for 1 break a day for the above period (15 pip SL and 15 pip TP) = £4560.00

That's a pretty big difference. Obviously my data sample only consists of just over 1 month, but based on this I would say if the first break fails, chances are the second break will also fail more often than not. And that a risk to reward ratio of 1:1 plays a massive role here too. Just look at the difference in profit.

Edit - an updated set file is attached. This one is based on one trade a day. Slightly more tweaked with a trailing stop, and the profit since the beginning of March is now showing as £6500. Change the lot sizes as per your risk appetite and obviously the max daily loss to suit. The only other thing you'll need to change is the range start and end times and trading start time, according to your broker.
Attached File(s)
File Type: zip AJ 12-2am Break.zip   < 1 KB | 213 downloads
  • #57,431
  • Apr 2, 2021 8:49am Apr 2, 2021 8:49am
Quoting claudia1
{quote} Read the post after the event. Did ok at Chelmsford - Gosden and Hollie both had wins at 2/1 and 3/1 respectively; Lingfield today. All four I follow are there. Seem to follow each other around. Makes it easier for me except when they're all in the same race !
25/1 win with Hollie in 2.35 that's the day paid for.
  • #57,432
  • Apr 2, 2021 8:54am Apr 2, 2021 8:54am
Quoting claudia1
{quote} 25/1 win with Hollie in 2.35 that's the day paid for.
Nice one!
  • #57,433
  • Apr 2, 2021 9:05am Apr 2, 2021 9:05am
Quoting ia1979
{quote} I have attached the one I had coded a few months ago after suggestions from everyone here. I did share it but it was a while back. I have had a couple of small changes done to it since then. Have a look, it might do everything you need it to do. It has an ADR filter, a buffer setting, what days to trade, max number of trades per day, a trail stop option (in profit as well as points). Everything is in points so if you want a 2 pip buffer, just put 20 in there and you are good to go. I regularly use this and it works fine. Take a look. If...
hi mate - what new things did u get added to the EA - did u add some of the stuff we used to talk about? Im still running version 3! i paid for a guy on marketplace to add “stop EA once TP target reached”. Very useful feature as im now running this during the night on GU, and couldnt risk it keep executing after ive taken my pips (and im asleep!)
  • #57,434
  • Apr 2, 2021 9:16am Apr 2, 2021 9:16am
Quoting Jp1
{quote} hi mate - what new things did u get added to the EA - did u add some of the stuff we used to talk about? Im still running version 3! i paid for a guy on marketplace to add “stop EA once TP target reached”. Very useful feature as im now running this during the night on GU, and couldnt risk it keep executing after ive taken my pips (and im asleep!)
Hey hope all is well mate.

I believe the 2 additions were:

1) Max lot size
2) Overall profit trailing stop - this sounds similar to what you have had added to the EA. The logic behind this setting is that if you are taking multiple breaks, you don't want to give your original profit back. For example, if I set my profit trailing start at £1000, and my profit trailing stop is set to £750, it means once the EA has reached £1000 profit, it will carry on taking further breaks and keep generating profit, but it will not let the profit fall below £750. If it looks like an open trade is about to take the daily profit below £750 (or whatever that figure might be for you), it will close all open trades and open no more trades on the day. I have found this setting quite useful for when I am away from my computer or asleep . Try it out and see what you think. Like I say, similar logic to what you had done but with the advantage that your profit can definitely go above your target.
  • #57,435
  • Apr 2, 2021 10:03am Apr 2, 2021 10:03am
Quoting Wizzlebizzle
{quote} Nice, ill head off to the sea aswell at some point. There is an easterly swell at the moment for most of the UK, so the seas might look a bit different from what you are used to. What do you ride? A good friend just got a Husqvarna Vitpilen, pretty neat for a modern bike.
My bike is a Honda Firestorm, approx 21, a 100cc V Twin,
I love the bike, 0 to 60 in 2.4 if i remember top end speed not fast probably 160mph.

If you wonder why i ride an old bike. The bike looks wonderful and like a race bike. i normally ride the Yamaha FZR1000 this is now a 30+ year old bike.
In my eyes they are the perfect lookers and that is what i want.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,436
  • Apr 2, 2021 10:05am Apr 2, 2021 10:05am
Quoting ia1979
{quote} Just did a back test going back to the beginning of March Claudia. The 12-2am break on AJ seems to yield better results when taking one break only, and with the R:R set to 1:1, so a 15 pip TP and 15 pip SL. Here are my findings based on 5 lot trades for the period 01/03/2021 - 02/04/2021 (inclusive): Overall profit for 2 breaks a day for the above period (10 pip SL and 15 pip TP) = £849.00 Overall profit for 1 break a day for the above period (10 pip SL and 15 pip TP) = £497.00 Overall profit for 1 break a day for the above period (15 pip...

you sound like me wi5th your stats. Mini me. yaaaaaaaaaaaaaaaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,437
  • Apr 2, 2021 1:05pm Apr 2, 2021 1:05pm
Quoting billytt
{quote} My bike is a Honda Firestorm, approx 21, a 100cc V Twin, I love the bike, 0 to 60 in 2.4 if i remember top end speed not fast probably 160mph. If you wonder why i ride an old bike. The bike looks wonderful and like a race bike. i normally ride the Yamaha FZR1000 this is now a 30+ year old bike. In my eyes they are the perfect lookers and that is what i want.
Awesome, I'm assuming that's a 1000cc ? Oh yes they are lookers indeed

Never got one myself, but the attraction is certainly there...maybe one day.
  • #57,438
  • Apr 2, 2021 10:27pm Apr 2, 2021 10:27pm
Quoting claudia1
{quote} Michael - ia gave you the clues. Talk to IG and ask if you are eligible for their Swiss branch. That would solve your issues. I've been with IG for many years in the UK with few problems. They pay out to bank/card within a few days of request. Worth a phone call/email.

A big thanks to Claudia, ia1979, and Lem for your help and advice on my dilemma.

I have had a busy week, so will get onto IG after Easter.

Also, I see you are looking at AJ. I have been having good success with it. I stopped posting my charts because I felt I was outside of what Billy's main trade topics were about, but again, it's been reliable. (he said with fingers crossed )

This week I have been looking at bigger targets (more than 4 pips as I had been doing prior) and it has paid off, but I am always looking for clues as to (possible) direction, from the higher time frames.
I am chasing more pips because I have had to reduce my lot size because of those new margin/leverage requirements because to get caught with a counter using my old lot size would immediately trigger a margin call.
But I will get that sorted next week and be back on track.

Good luck with the EA, but don't blame me if AJ suddenly turns to crap lol. (Billy will gladly accept full responsibility I am sure)
Cheers All, thanks again, and Happy Easter with lots of chocolate.
  • #57,439
  • Apr 3, 2021 1:45am Apr 3, 2021 1:45am
Quoting Wizzlebizzle
{quote} Awesome, I'm assuming that's a 1000cc ? Oh yes they are lookers indeed Never got one myself, but the attraction is certainly there...maybe one day.
Yep, a 1000cc.my post above says 100cc lol.
I love the bike.
I still have more affection for the Yamaha FZR 1000 as it is really a legal race bike. But getting old now for every day use.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,440
  • Apr 3, 2021 1:50am Apr 3, 2021 1:50am
Quoting MichaelG
{quote} A big thanks to Claudia, ia1979, and Lem for your help and advice on my dilemma. I have had a busy week, so will get onto IG after Easter. Also, I see you are looking at AJ. I have been having good success with it. I stopped posting my charts because I felt I was outside of what Billy's main trade topics were about, but again, it's been reliable. (he said with fingers crossed ) This week I have been looking at bigger targets (more than 4 pips as I had been doing prior) and it has paid off, but I am always looking for clues as to (possible)...
The Swiss seem to have a mind of their own. Worth a look around their site and maybe open a demo which should give access to live chat.

Good luck - it's worth a try.
97 traders viewing now