Billytt Die happy trading e/j daily breakout | Page 2927 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #58,521
  • Jun 14, 2021 3:45pm Jun 14, 2021 3:45pm
Quoting lemercenaire
{quote} Why? I'm not suicidal...
lol I hope not !! Both love sports.
  • #58,522
  • Jun 14, 2021 4:28pm Jun 14, 2021 4:28pm
Quoting claudia1
{quote} lol I hope not !! Both love sports.
Lol. Following Scotland (at anything but particularly soccer) demands a certain level of masochism that is hard to explain to those who haven't grown up with the teams
  • #58,523
  • Jun 14, 2021 7:26pm Jun 14, 2021 7:26pm
Quoting lddd
This one RangeBreak_V6 expert does not work reliable on the server i setted it up to. Today it opened the NTBB break on FTSE too early + it didn't took profit. The trade is still running. {image} For the BillyBar on GBP/USD the expert took the trade correct as far as i can see. The BillyBar here was a fail today the high broke and price went all the way back to the opposite low. The EA here is setted TP = 5, SL = 15 Pips that seemed to hav worked. {image} .set files for the EA i am currently using {file}{file}
Looks like it took the FTSE break too late, based on your chart. The break happened just after 8am but according to your chart the EA didn’t take the trade until much later. My guess is that when the initial break happened, price gapped up without physically crossing the upper line. Later on, price went back into the range and that’s when the EA took the trade. I might need to get that looked at. Thanks for highlighting it.
  • #58,524
  • Jun 15, 2021 1:38am Jun 15, 2021 1:38am
Big news for $ later.

Lem have to have a look at Ascot.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 39 KB
  • #58,525
  • Jun 15, 2021 2:03am Jun 15, 2021 2:03am
Caught me on the open but the drop made up for it.
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE100(£)M15.png Size: 25 KB
  • #58,526
  • Jun 15, 2021 2:05am Jun 15, 2021 2:05am
It didnt hang around this morning
Attached Image (click to enlarge)
Click to Enlarge Name: UK100M5.png Size: 31 KB
  • #58,527
  • Jun 15, 2021 2:07am Jun 15, 2021 2:07am
Quoting herewego
It didnt hang around this morning {image}
All done in a minute.
  • #58,528
  • Jun 15, 2021 2:12am Jun 15, 2021 2:12am
Quoting claudia1
{quote} All done in a minute.
It makes up for those trades of confusion and mess
  • #58,529
  • Jun 15, 2021 2:17am Jun 15, 2021 2:17am
Quoting herewego
{quote} It makes up for those trades of confusion and mess
Blame Billy. It has a high win rate though with good r:r.
  • #58,530
  • Jun 15, 2021 4:26am Jun 15, 2021 4:26am
Quoting claudia1
Big news for $ later. Lem have to have a look at Ascot. {image}
My sort of day - break of t/l, round number, pivot etc
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 41 KB
  • #58,531
  • Jun 15, 2021 5:16am Jun 15, 2021 5:16am
Quoting herewego
{quote} It makes up for those trades of confusion and mess
After the big move on London open there is inevitably a reversal - worth a look.
  • #58,532
  • Jun 15, 2021 5:48am Jun 15, 2021 5:48am
Quoting claudia1
{quote} My sort of day - break of t/l, round number, pivot etc {image}
Hi Claudia1, I'm new here.

I notice there are almost 3,000 pages on this thread. I was wondering if there is a post where I can learn more about how you, or lemercenaire or billytt trades.

lemercenaire - I am more than happy to listen if you know of any posts or other resources you can share too. Thanks so much everyone!
  • #58,533
  • Jun 15, 2021 5:51am Jun 15, 2021 5:51am
Quoting keroppi_gims
{quote} Hi Claudia1, I'm new here. I notice there are almost 3,000 pages on this thread. I was wondering if there is a post where I can learn more about how you, or lemercenaire or billytt trades. lemercenaire - I am more than happy to listen if you know of any posts or other resources you can share too. Thanks so much everyone!
Hi - welcome along. The obvious starting point is the opening post from Billy.
  • #58,534
  • Jun 15, 2021 6:27am Jun 15, 2021 6:27am
Quoting keroppi_gims
{quote} Hi Claudia1, I'm new here. I notice there are almost 3,000 pages on this thread. I was wondering if there is a post where I can learn more about how you, or lemercenaire or billytt trades. lemercenaire - I am more than happy to listen if you know of any posts or other resources you can share too. Thanks so much everyone!
Welcome aboard. A while back I added a post at the beginning of the thread that has a breakdown of the main methods contained in the thread with page and post numbers as to where and when they were first mentioned. This also includes a few notes on the methods themselves. I'd start there and see if anything takes your fancy and then (once you've read those pages, please) you can come back and ask questions.
  • #58,535
  • Jun 15, 2021 7:19am Jun 15, 2021 7:19am
Quoting ia1979
{quote} Looks like it took the FTSE break too late, based on your chart. The break happened just after 8am but according to your chart the EA didn’t take the trade until much later. My guess is that when the initial break happened, price gapped up without physically crossing the upper line. Later on, price went back into the range and that’s when the EA took the trade. I might need to get that looked at. Thanks for highlighting it.
Today it did not even open a order again. Not for the BillyBar and not on FTSE. Maybe to have such automated trading robot managing and executing trades on a live account you want to have at least some stable long term tested commercial product. So this way, if your account gets damaged at least you know who to blame for.

Originally i just thought of using it for back-testing these range break setups which are discussed here like the BillyBar, the NTBB or the 12-04 break (not sure if it has a name) and collect some stats but even here if the expert does not trades with at least the same precision as i would do trading it manually i don´t see a point for doing that, any results would be highly questionable.

A google search brought up a few products for ORB breakouts but no idea whats good there. I think i will remove all these experts again (out of my MT4 folder as well as my brain). I am also no longer sure if i shall continue to work with MT4 as it seems to be highly unrealiable at times it self. Sometimes i get disconnected from the Broker for no reason even if my network connectin is okay. Might has to to with the broker but it happened so far with nearly every broker i had an MT4 account with no matter if connected to the demo or live account. Also the automated reconnect doesn´t seem to work as good.

Ok back to business. I am not trading the BillyBar setup at all any longer as it seems to be not a good plan without knowing how to fix these fails. Maybe it used to be only 1 fail a week on average. Lately it seems to me more like 2-3 fails is the new standard. Also the ranges are often very small. With any fixed risk/reward kind of approach i also had no luck so far here. I tested like said a fixed 10/20 Pips SL/TP, or even 10/10. Not going to work out.

I was thinking about doing the FTMO challenge but without any kind of real working strategy it seems to be hard to manage, mainly because of the profit targets you have. Not going over a specific kind of draw down level or avoid trading the news otherwise isn´t really a big thing to respect.

I did the free trial now a few times and had no problems with respecting any of the objectives instread of the profit target. I think later as a "funded" trader these profit targets are no longer given but well you have to get there first.
  • #58,536
  • Jun 15, 2021 7:34am Jun 15, 2021 7:34am
Quoting claudia1
{quote} After the big move on London open there is inevitably a reversal - worth a look.
I did think about it but the red news put me off that
  • #58,537
  • Jun 15, 2021 7:44am Jun 15, 2021 7:44am
Quoting claudia1
{quote} Blame Billy. It has a high win rate though with good r:r.
Maybe he got himself a part time job and is busy learning his new role ?
Attached Image
every Saint has a past. Every Sinner has a Future
  • #58,538
  • Jun 15, 2021 9:47am Jun 15, 2021 9:47am
Quoting turnip15
{quote} Maybe he got himself a part time job and is busy learning his new role ? {image}
Maybe he was in goal for Scotland yesterday (oops sorry Lem).
  • #58,539
  • Jun 16, 2021 2:08am Jun 16, 2021 2:08am
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE100(£)M15.png Size: 27 KB
  • #58,540
  • Jun 16, 2021 2:20am Jun 16, 2021 2:20am
Quoting claudia1
{image}
A nice start to the day. It didnt even give me time to put my levels on.
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