Billytt Die happy trading e/j daily breakout | Page 2923 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #58,441
  • Jun 9, 2021 2:52pm Jun 9, 2021 2:52pm
Quoting claudia1
Three tests {image}
What was tested thrice?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #58,442
  • Jun 9, 2021 3:05pm Jun 9, 2021 3:05pm
Quoting TooSlow
{quote} What was tested thrice?
Daily low which was then broken.
  • #58,443
  • Jun 10, 2021 2:07am Jun 10, 2021 2:07am
Little short to start off the day
GU 1m chart +3

There was an even better long just after, but I had not interest in taking it.
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  • #58,444
  • Jun 10, 2021 2:13am Jun 10, 2021 2:13am
Quoting Wizzlebizzle
Little short to start off the day GU 1m chart +3 There was an even better long just after, but I had not interest in taking it. {image}
Lol and I was too lazy to take the short another time..

edit: wrong chart
Attached Image
  • #58,445
  • Jun 10, 2021 2:32am Jun 10, 2021 2:32am
Quoting birdland
i am still watching that unvisited level as a magnet. {image}
three UV (unvisited levels) cleared yesterday and today the most important one around 1.4087.

MarketMakers reached their targets AND stops taken out. so all levels cleared;-)

now we have an UV on the upside (green line).

so i am looking for longs.
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trading is like dancing, don't think and just listen to the music!
  • #58,446
  • Jun 10, 2021 3:50am Jun 10, 2021 3:50am
FT100 breakout was a bit of a battle, but mission completed with a fight.
  • #58,447
  • Jun 10, 2021 3:54am Jun 10, 2021 3:54am
Quoting herewego
FT100 breakout was a bit of a battle, but mission completed with a fight.
Had the same fight. Using a 2.5 buffer at the moment which stopped taking a loss on the open. Try the ea unless you already are.
  • #58,448
  • Jun 10, 2021 4:06am Jun 10, 2021 4:06am
Quoting claudia1
{quote} Had the same fight. Using a 2.5 buffer at the moment which stopped taking a loss on the open. Try the ea unless you already are.
I am using a 3 buffer which works ok to filter some unwanted trades overall. As my SL is on the opposite side of the 15m range I found that EAs were not good at calculating lot size as a % very well. I do use a trade position EA to speed things up in this respect but it can get a bit manic at the open.
Today i ended up taking the multiplying positions method to get me back where I should be. Its not a method that I particularly like.....but needs must sometimes!
  • #58,449
  • Jun 10, 2021 4:09am Jun 10, 2021 4:09am
Quoting herewego
{quote} I am using a 3 buffer which works ok to filter some unwanted trades overall. As my SL is on the opposite side of the 15m range I found that EAs were not good at calculating lot size as a % very well. I do use a trade position EA to speed things up in this respect but it can get a bit manic at the open. Today i ended up taking the multiplying positions method to get me back where I should be. Its not a method that I particularly like.....but needs must sometimes!
Interesting as the first trade on open is usually the one that causes problems.
  • #58,450
  • Jun 10, 2021 4:14am Jun 10, 2021 4:14am
Quoting claudia1
{quote} Interesting as the first trade on open is usually the one that causes problems.
I have visually backtested just to try to get an ideal buffer size. The conclusion was that as long as it is stuck to the results were quite even over a period of time.
Also I am experimenting with a buffer each side of the open price but this is still work in progress.
  • #58,451
  • Jun 10, 2021 4:23am Jun 10, 2021 4:23am
Quoting birdland
{quote} three UV (unvisited levels) cleared yesterday and today the most important one around 1.4087. MarketMakers reached their targets AND stops taken out. so all levels cleared;-) now we have an UV on the upside (green line). so i am looking for longs. {image}
Me too, although I have a less ambitious target at 1.4142 currently. G7 summit may stir things up later also some red news at lunch time..
  • #58,452
  • Jun 10, 2021 5:25am Jun 10, 2021 5:25am
Quoting lddd
I think i have used the wrong settings/inputs for my earlier FTSE NTBB backtest. I did it again for the NTBB range of 7:45-08:00 UK time and two different fixed SL/TP ratios. No entry buffer. No restrictions on the size of the range. Period: 01/01/21 - 07/06/21 (106 days) Results on a positive risk/reward ratio of 1:2 ; SL=10 Pips, TP=20 Pips Initial deposit: 10000.00 Total net profit: -2264.17 Gross profit: 8489.32 Gross loss: -10753.49 Profit factor: 0.79 Expected payoff: -21.36 Absolute drawdown:2604.23 Maximal drawdown: 3290.18 (30.79%) Relative...
it is not clear to me. When you set range from 7:45-08:00 UK, what is your broker data server from? thanks
  • #58,453
  • Jun 10, 2021 5:27am Jun 10, 2021 5:27am
Quoting Fagin
{quote} Me too, although I have a less ambitious target at 1.4142 currently. G7 summit may stir things up later also some red news at lunch time..
great!

well, 1.4142 is not really my target for my trade today.

i just use it as a orientation-magnet (maybe call it bias) for the direction today and maybe in the next days to help my long;-)
trading is like dancing, don't think and just listen to the music!
  • #58,454
  • Edited 6:32am Jun 10, 2021 6:16am | Edited 6:32am
@Claudia. The RangeBreak_V6. Not sure how reliable it is. If this would have been a live trade i would have been pissed.

It opened a BUY at 09:00 broker time for no reason even its programmed to do only trades out of the 09:45-10:00 range that equals 07:45-08:00 UK trime (NTBB).

FTSE - NTBB

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Then i have it running on the actual BillyBar for GBP/USD on on seperate account. Here it seems it took the trade correct.

GBP/USD - BillyBar

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  • #58,455
  • Edited 6:53am Jun 10, 2021 6:24am | Edited 6:53am
Quoting ntk
{quote} it is not clear to me. When you set range from 7:45-08:00 UK, what is your broker data server from? thanks
My broker/server time is GMT+3 so it's setted to 09:45-10:00

However as you can see from my last post i am not not sure at all anymore how reliable my backtest was if the EA seems to open trades randomly.

This is perhaps one of the reasons many people do not trust in these things and trade manually instead.

Now this has been only one trade, one day affected. However thats already 1 too much in trading. It could mean the difference of your account wiped out or not.

Here ->

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  • #58,456
  • Jun 10, 2021 7:41am Jun 10, 2021 7:41am
Quoting lddd
{quote} My broker/server time is GMT+3 so it's setted to 09:45-10:00 However as you can see from my last post i am not not sure at all anymore how reliable my backtest was if the EA seems to open trades randomly. This is perhaps one of the reasons many people do not trust in these things and trade manually instead. Now this has been only one trade, one day affected. However thats already 1 too much in trading. It could mean the difference of your account wiped out or not. Here -> {image}
so the EA is set to fire trade based on the Asian range, right? or you want to trade the 1hr lapping windows? because that time is not even the London opening first hour... that is strange ....
  • #58,457
  • Jun 10, 2021 7:57am Jun 10, 2021 7:57am
Quoting ntk
{quote} so the EA is set to fire trade based on the Asian range, right? or you want to trade the 1hr lapping windows? because that time is not even the London opening first hour... that is strange ....
09:45-10:00 GMT+3 = 07:45-08:00 GMT+1 = UK TIME (Summer Time).

That is 15 minutes before the UK open and therefor overlaps 15 Minutes with the Asian session.

EA is setted to trade this particular range which is also reffered here to the "NTBB" or Not The Billy Bar.

However the EA in my case opened a wrong trade at the wrong time and i have no clue why it did so, that is the real problem.
  • #58,458
  • Jun 10, 2021 8:34am Jun 10, 2021 8:34am
Quoting lddd
{quote} 09:45-10:00 GMT+3 = 07:45-08:00 GMT+1 = UK TIME (Summer Time). That is 15 minutes before the UK open and therefor overlaps 15 Minutes with the Asian session. EA is setted to trade this particular range which is also reffered here to the "NTBB" or Not The Billy Bar. However the EA in my case opened a wrong trade at the wrong time and i have no clue why it did so, that is the real problem.
the robot only uses time to find the range, rest it does not care bout time. So if you open order at different time than the London or US open, your broker could widen spread 30points is normal, sometimes you can even see 100points, you have signed the contract....
  • #58,459
  • Jun 10, 2021 8:37am Jun 10, 2021 8:37am
Quoting lddd
{quote} 09:45-10:00 GMT+3 = 07:45-08:00 GMT+1 = UK TIME (Summer Time). That is 15 minutes before the UK open and therefor overlaps 15 Minutes with the Asian session. EA is setted to trade this particular range which is also reffered here to the "NTBB" or Not The Billy Bar. However the EA in my case opened a wrong trade at the wrong time and i have no clue why it did so, that is the real problem.
Post your journal from the terminal. Answers/clues are in there.
  • #58,460
  • Jun 10, 2021 8:42am Jun 10, 2021 8:42am
Quoting ntk
{quote} the robot only uses time to find the range, rest it does not care bout time. So if you open order at different time than the London or US open, your broker could widen spread 30points is normal, sometimes you can even see 100points, you have signed the contract....
I did not open anything at all. I was sleeping. I have the EA running on one of my servers and it took a buy trade at 07:00 UK time even the fact it’s programmed to only open trades where price breaks out of the range established during 07:45-08:00.

From the logs you can only see it opened a order but not why. So it did not respect the settings.
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