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Sedona- A system for inactive hours

  • #41
  • Apr 26, 2007 5:14am Apr 26, 2007 5:14am
Hallo Saham..
Your system look good. Thank you for sharing.

I have a question, what do you think about Breakout of London Close - Tokyo Open(17.00 GMT - 00.00 GMT)?
I saw so many good breakout of this box on GBPJPY, also there's a lot of false breakout too.
here is what it's look like.

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpygif.gif Size: 13 KB
in
  • #42
  • Apr 26, 2007 5:37am Apr 26, 2007 5:37am
metto, that's a good idea! I'm going to have a look at my charts when i get home, this would fit in great with my timeframe as I generally wake up at GMT 0:00. How did you get the text (London close - Tokyo open) to display on your charts and vertically as well? Do you have an indicator for this? what timeframe is your chart displaying?
  • #43
  • Apr 26, 2007 5:46am Apr 26, 2007 5:46am
Quoting Trumpcard
metto, that's a good idea! I'm going to have a look at my charts when i get home, this would fit in great with my timeframe as I generally wake up at GMT 0:00. How did you get the text (London close - Tokyo open) to display on your charts and vertically as well? Do you have an indicator for this? what timeframe is your chart displaying?
Just add a description on vertical line properties
And don't forget to enable Show Object Descriptions on Chart Properties(Press F8)
Attached Image
in
  • #44
  • Apr 26, 2007 6:13am Apr 26, 2007 6:13am
Quoting metto
Just add a description on vertical line properties
And don't forget to enable Show Object Descriptions on Chart Properties(Press F8)
Sorry forget to attach the indicator,
I coded this indicator last week,
funny, as a fx noob, I more like coding than trading
Attached File(s)
File Type: mq4 Sessions Hilo.mq4   4 KB | 519 downloads
in
  • #45
  • Apr 26, 2007 9:48am Apr 26, 2007 9:48am
Wednesday- update
Cable: 2 positions triggered with +9 and +14 pips. an average of +12 pips. You might even B.E. and go for the other side of the box, which is very profitable.
Making pips is easy, holding 'em is hard - Pipsopolis
  • #46
  • Apr 26, 2007 9:52am Apr 26, 2007 9:52am
Quoting elmer
I see, well, I gess my entry did not trigger as presicely, and my exit was different to... that explains the differences. Ill try to be more rigorous today.
The average loss you calculate, I prefer to see the brutal bad news without dividing it by three:-)

Anyway thanks a lot for the picture, I see if I can getit right next time
elm
Average is much better than sum of pips, because sum of pips in this case increase the number drastically. Between you and me, this is the very how some FX solicitors report their systems (4000 pips per month or so!) But if you wish, till now this is the sum of pips:+ 96 pips vs. +68 pips (which I believe is more relevant).
Making pips is easy, holding 'em is hard - Pipsopolis
  • #47
  • Apr 26, 2007 9:54am Apr 26, 2007 9:54am
Quoting metto
Hallo Saham..
Your system look good. Thank you for sharing.

I have a question, what do you think about Breakout of London Close - Tokyo Open(17.00 GMT - 00.00 GMT)?
I saw so many good breakout of this box on GBPJPY, also there's a lot of false breakout too.
here is what it's look like.

Thank you
Hey Metto,
I haven't look at breakout as I think when UK and Japan stock markets are closed, their currencies have no reason to move further latest highs or lows. Could you do a backtest on it and let us know. It could be a great strategy.
Making pips is easy, holding 'em is hard - Pipsopolis
  • #48
  • Apr 26, 2007 9:55am Apr 26, 2007 9:55am
Quoting metto
Sorry forget to attach the indicator,
I coded this indicator last week,
funny, as a fx noob, I more like coding than trading
thanks for sharing
Making pips is easy, holding 'em is hard - Pipsopolis
  • #49
  • Apr 26, 2007 9:57am Apr 26, 2007 9:57am
sahamdarjoz: thanks for posting your strategy! It looks promising
  • #50
  • Apr 26, 2007 10:55am Apr 26, 2007 10:55am
Quoting sahamdarjoz
Average is much better than sum of pips, because sum of pips in this case increase the number drastically. Between you and me, this is the very how some FX solicitors report their systems (4000 pips per month or so!) But if you wish, till now this is the sum of pips:+ 96 pips vs. +68 pips (which I believe is more relevant).
You have a point with the relevancy of average for evaluating the system...
average or not... as far as we end up in black numbers, that is what counts, I guess:-) And to everybody what he likes. I like your strategy, my account likes the sum :-)

elm
  • #51
  • Apr 26, 2007 11:03am Apr 26, 2007 11:03am
Technically my low was right around the open and it was not oversold, so only a set-up to the high side today.
Attached Image
Life is too short to have anything but delusional notions about yourself.
  • #52
  • Apr 26, 2007 11:09am Apr 26, 2007 11:09am
So we'd be looking at a sell order if it gets back to about 238.44. Where would you out the SL?
  • #53
  • Apr 26, 2007 11:15am Apr 26, 2007 11:15am
yes...sl around 240.03

Quoting ojibway11
So we'd be looking at a sell order if it gets back to about 238.44. Where would you out the SL?
Life is too short to have anything but delusional notions about yourself.
  • #54
  • Apr 26, 2007 11:21am Apr 26, 2007 11:21am
Quoting elmer
You have a point with the relevancy of average for evaluating the system...
average or not... as far as we end up in black numbers, that is what counts, I guess:-) And to everybody what he likes. I like your strategy, my account likes the sum :-)

elm
couldn't agree more. black numbers are tempting, eh?
Making pips is easy, holding 'em is hard - Pipsopolis
  • #55
  • Apr 26, 2007 11:24am Apr 26, 2007 11:24am
Quoting hoss
Technically my low was right around the open and it was not oversold, so only a set-up to the high side today.
I guess we can look for both buy and sell here. At the end of the London session, price retested the low with a trip to OS. It is a good sign support wise.
Making pips is easy, holding 'em is hard - Pipsopolis
  • #56
  • Apr 26, 2007 11:27am Apr 26, 2007 11:27am
GJ- Thursday:
Short @ 238.44, 238.58 & 238.72
S/L: 239.00 T/P: 237.84


Long @ 237.61, 237.47, 237.33
S/L: 237.05 T/P: 237.84

No trade has been triggered yet
Making pips is easy, holding 'em is hard - Pipsopolis
  • #57
  • Apr 26, 2007 11:41am Apr 26, 2007 11:41am
I think it's pretty unlikely the price will climb so much in this inactive period to
place limit sell orders then. After all if we expect it to go so high we can go
long right away.
Just my 2 cents.
  • #58
  • Apr 26, 2007 12:15pm Apr 26, 2007 12:15pm
Quoting motanu
I think it's pretty unlikely the price will climb so much in this inactive period to
place limit sell orders then. After all if we expect it to go so high we can go
long right away.
Just my 2 cents.
we just try to obey the rules. this is the most important part of trading: discipline.
thanks for your idea
Making pips is easy, holding 'em is hard - Pipsopolis
  • #59
  • Apr 26, 2007 12:55pm Apr 26, 2007 12:55pm
Quoting sahamdarjoz
GJ- Thursday:
Short @ 238.44, 238.58 & 238.72
S/L: 239.00 T/P: 237.84


Long @ 237.61, 237.47, 237.33
S/L: 237.05 T/P: 237.84

No trade has been triggered yet
Perfect. Those are my trades too. Hehe, lets see if they get triggered this time, price is in the middle right now, but I dont expect much movement because of the coming news in Japan in 6 hours.
We leave no soldier behind.
  • #60
  • Apr 26, 2007 12:57pm Apr 26, 2007 12:57pm
Quoting motanu
I think it's pretty unlikely the price will climb so much in this inactive period to
place limit sell orders then. After all if we expect it to go so high we can go
long right away.
Just my 2 cents.
hey motanu where from man?
We leave no soldier behind.
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