Billytt Die happy trading e/j daily breakout | Page 2897 | 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

  • #57,921
  • Apr 24, 2021 2:39am Apr 24, 2021 2:39am
Have a good weekend all.
From next week, no sarcasm by anyone or its bye bye, adios.
It is sea time as we have the sun out here.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,922
  • Apr 24, 2021 3:20am Apr 24, 2021 3:20am
Quoting billytt
Rush, I am always playing 2112 or part of the album. I saw these many moons ago. I knew a Canadian girl and Rush played at her school prom, or whatever it was called in the 70s. Happy Days.
Neil Peart gave me some free tickets on their last UK tour for sorting out some bits for his bike. It was my day off when he dropped them in. So gutted I never met him!!!!!!!

Have a great weekend everyone.
  • #57,923
  • Apr 24, 2021 4:03am Apr 24, 2021 4:03am
Quoting billytt
Have a good weekend all. From next week, no sarcasm by anyone or its bye bye, adios. It is sea time as we have the sun out here.
here we go weekend.
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #57,924
  • Apr 24, 2021 4:59am Apr 24, 2021 4:59am
Inserted Video
trading is like dancing, don't think and just listen to the music!
  • #57,925
  • Apr 24, 2021 12:19pm Apr 24, 2021 12:19pm
Inserted Video


Your turn now surely Lemercenaire ...
  • #57,926
  • Apr 24, 2021 2:43pm Apr 24, 2021 2:43pm
Quoting claudia1
https://www.youtube.com/watch?v=qNM6IuA87eM Your turn now surely Lemercenaire ...
LB showcasing the new American Acoustasonic Jazzmaster. An amazing piece of kit and he just rules it.

Inserted Video
  • #57,927
  • Apr 24, 2021 6:20pm Apr 24, 2021 6:20pm
Inserted Video


It's always my fault.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #57,928
  • Apr 24, 2021 6:34pm Apr 24, 2021 6:34pm
Quoting TooSlow
https://youtu.be/gqQelCIGYMI It's always my fault.
Those drums!
  • #57,929
  • Apr 25, 2021 4:03am Apr 25, 2021 4:03am
Quoting claudia1
@ia (or anybody) advisor pairs/times for next week. Will add another six next week with afternoon times. Then that's it ! Gives 150 potential trades weekly of which Around 50% should be activated. Still playing with settings but no rush. May will be interesting. https://www.youtube.com/watch?v=SEuOoMprDqg {image}
Finally added gold (13.45 - 14.00) so now 10 pairs running next week.

Looking to add U/C and G/N both old favourites. Need another 3 - maybe indices or oil to balance things out a bit.
  • #57,930
  • Apr 25, 2021 6:42am Apr 25, 2021 6:42am
Quoting lddd
{quote} Me too. To your questions. Doing okay so far with the +5 daily goal. But thats not trading for a living yet. I do not make the 5% every day or even close to it. But happy if I can at least end on a Friday with anything better than a -30% which i also already had. Most profits so far came from fixing but in a more random style. Things i would like to get rid of / reduce and find a more structured plan for. I sometimes place the counter and i sometimes take the loss fixed instantly. In both instances i then have to take...
Hi, hope I wasn't too harsh on my last post.

Here is another simple way I use to get some pips (originally not my own, but adjusted it to suite my style). Momentum and volatility are your friend here.

1. Establish a zone of interest. I'm using the 0-4 range here as an example, but any zone of interest can be used.
2a. Have one candle open inside the zone and close outside the zone in one direction. Then have a candle open outside the zone and then close inside the zone (opposite direction). At least one of these two candle bodies must be larger to the bodies preceding it.
2b. Have one candle open outside the zone and close inside the zone in one direction. Then have a candle open inside the zone and close outside the zone (opposite direction). At least one of these two candle bodies must be larger to the bodies preceding it.

Stop and t/p is up to you. I try to aim for a minimum of 1:2 RR. You could use daily range or some other zone as a target, or whatever you can think of. You should already have an advantage by using the zone in combination with momo and volatility.

Happy to share more if you find value in it.

W
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-04-25 at 12.39.06.png Size: 33 KB
  • #57,931
  • Apr 25, 2021 8:56am Apr 25, 2021 8:56am
Quoting Wizzlebizzle
{quote} Hi, hope I wasn't too harsh on my last post. Here is another simple way I use to get some pips (originally not my own, but adjusted it to suite my style). {image}
No, all good mate, I really appreciate all the help. So if i do understand correct here, that is trading the breakout of the range but having some extra confirmation instead of entering right at the touch of one end?
  • #57,932
  • Edited 10:41am Apr 25, 2021 10:22am | Edited 10:41am
Quoting claudia1
{quote} Finally added gold (13.45 - 14.00) so now 10 pairs running next week. Looking to add U/C and G/N both old favourites. Need another 3 - maybe indices or oil to balance things out a bit.
I follow the vami- - I study option _11 US30 16.00-16.30
Forgive for my English!
  • #57,933
  • Apr 25, 2021 10:36am Apr 25, 2021 10:36am
Quoting Romiros
{quote} I follow the vami- -- learning!!!! option _11 US30 16.00-16.30
Ok will go with it !
  • #57,934
  • Apr 25, 2021 11:53am Apr 25, 2021 11:53am
Quoting lddd
{quote} No, all good mate, I really appreciate all the help. So if i do understand correct here, that is trading the breakout of the range but having some extra confirmation instead of entering right at the touch of one end?
In this example yes. Bear in mind I haven't properly tested this of the 0-4 range, but from what I have seen it seems to behave similar to other zones I use it on. Just using the 0-4 range as an example as you will have one everyday.
  • #57,935
  • Apr 25, 2021 2:17pm Apr 25, 2021 2:17pm
@ia and all that are interested.

Here's my final 15 for the ea - still lots of work to be done but getting there.

Plan is to run it through May and make adjustments to range etc as required - then throw it at the 100k FTMO account. Should be entertaining if nothing else.

Always said it would be slow but a plan is coming together (maybe) ...
Attached Image
  • #57,936
  • Edited 3:34pm Apr 25, 2021 3:09pm | Edited 3:34pm
Quoting Wizzlebizzle
{quote} In this example yes. Bear in mind I haven't properly tested this of the 0-4 range, but from what I have seen it seems to behave similar to other zones I use it on. Just using the 0-4 range as an example as you will have one everyday.
Thanks i will try to keep an eye open for it. Problem with the 00-04 seems to be for me that i might miss out these entries as i won't be available at my trading screen before 07:45 GMT. Normally when trading the BillyBar i then see the 00-04 range already broken at the time and moved on.

See.

Red vertical lines marked 09:45 (chart time) 07:45 (UK Time), 08:45 (my time) where i start my day, first time of the day i open/look at the chart.

White filled boxes = 00-04 range (UK time) 02-06 (chart/broker time)

You can also see my two last trades on the BillyBar there.

I never traded the breakout of the 00-04 range so far for the reason missing out 90% of the first break at least due to trading times. Some others i think did suggest to only trade the second break as it normally tends to be better anyways not trading the first break.

By this i mean going long/short at the high/low while price is touching the high/low. No extra confirmation than that. I looked back for April now and given on a risk/reward of SL = opposite end of the range TP = 5 or even 10, this would have been a negative game, same as with doing this with the BillyBar without having the losing trades fixed.

Regards and have a nice start of the week all.

Attached Image (click to enlarge)
Click to Enlarge Name: 4Uaslmh.jpg Size: 83 KB
  • #57,937
  • Apr 25, 2021 3:33pm Apr 25, 2021 3:33pm
Quoting lddd
{quote} Thanks i will try to keep an eye open for it. Problem with the 00-04 seems to be for me that i might miss out these entries as i won't be available at my trading screen before 07:45 GMT. Normally when trading the BillyBar i then see the 00-04 range already broken at the time and moved on.
Just using the 0-4 to illustrate. You can use them on most zones/lines, so there might be at least one in there during your time?
  • #57,938
  • Apr 25, 2021 3:36pm Apr 25, 2021 3:36pm
Quoting Wizzlebizzle
{quote} Just using the 0-4 to illustrate. You can use them on most zones/lines, so there might be at least one in there during your time?
Oh yes, well maybe then some zone/lines happening after the BillyBar? So in case of a fail i would have a second chance/option to make back such loss for break even before NY is closing. Actually i don't even want to look at the NY session and preferable be done with trading at the NY open.
  • #57,939
  • Apr 25, 2021 5:21pm Apr 25, 2021 5:21pm
Quoting claudia1
...then throw it at the 100k FTMO account....
Anyone here trading with FTMO?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #57,940
  • Apr 25, 2021 6:08pm Apr 25, 2021 6:08pm
Quoting claudia1
@ia and all that are interested. Here's my final 15 for the ea - still lots of work to be done but getting there. Plan is to run it through May and make adjustments to range etc as required - then throw it at the 100k FTMO account. Should be entertaining if nothing else. Always said it would be slow but a plan is coming together (maybe) ... {image}
Thanks for sharing Claudia. You are putting a lot of time and effort into this and it is much appreciated.

Would I be right in assuming that for each break, you will only take 1 break, if that makes sense? Let’s use AJ as an example. If the first break hits SL, would the EA be programmed to take another break on AJ that same night?

And also just checking you’ll be using a different magic number for each pair/instrument?

I am now running this on MT4s VPS which seems suited for this. I’ve had a few random PC restarts at night which put a spanner in the works once or twice so decided to go down the VPS route for range break trades. Cheers.
5 traders viewing now