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Attachments: Hans System
Exit Attachments

Hans System

  • #1
  • First Post: Nov 19, 2006 7:19pm Nov 19, 2006 7:19pm
Greetings,
I am sure some of you have heard and are using Hans Breakout system. It is in another forum. It was introduced there last year and the thread is still going strong. Hans has kept the system the same from the day it was first introduced.

I believe every forex forum should have a Hans System thread in it.

If you are using the system please post results.

Thanks
Here is the system:
------------------------

Simple Combined Breakout System for EUR/USD and GBP/USD with great results
<HR style="COLOR: #ffffff" SIZE=1><!-- / icon and title --><!-- message -->Simple Combined Breakout System for EUR/USD and GBP/USD

  1. Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
  2. Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
  3. Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies
  4. Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD
  5. Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
  6. Move the SL to breakeven after a gain of 30 pips for EUR/USD and a gain of 40 pips for GBP/USD
  7. If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible
  8. At 24.00 CET all orders expiring and close all trades at market. On Friday we do the same at 23.00 CET.

This link displays the time in every major city in the world: www.qlock.com. I am using CET time (Amsterdam, Frankfurt).

Results October 2005:


10/03 : -22 pips
10/04: -61 pips
10/05: -103 pips
10/06: +168 pips
10/07: +156 pips
10/10: +135 pips
10/11: +61 pips
10/12: +108 pips
10/13: +97 pips
10/14: +274 pips
10/17: +178 pips


Total: +991 pips


The results this month are extreme. In general the system gives you an average return of 600 pips a month from March 2005.

On monthly basis the results are:

March 2005: +721 pips
April 2005: +940 pips
May 2005: +296 pips
June 2005: +857 pips
July 2005: +1,352 pips
August 2005: + 35 pips
September 2005: -20 pips
October 2005: +1,825 pips
November 2005: +554 pips
December 2005: +345 pips
January 2006: +73 pips
February 2006: -13 pips
March 2006: +633 pips
April 2006: +617 pips
May 2006: +1,319 pips
June 2006: +251 pips
August 2006: -322 pips

All calculations before October 2005 are done by hand, so it is possible that there is a small deviation. It is only to show the power of such a simple system.

Ps. I have attached an indicator to draw the break out lines.

Attached File(s)
File Type: mq4 SDX-TzBreaktout.mq4   7 KB | 2,740 downloads
  • #2
  • Nov 19, 2006 7:30pm Nov 19, 2006 7:30pm
I know this is going to sound stupid but what does CET stand for ??
  • #3
  • Nov 19, 2006 7:40pm Nov 19, 2006 7:40pm
Quoting amaruenterprise
I know this is going to sound stupid but what does CET stand for ??
NO question is stupid. I think CET stands for Central European time..
  • #4
  • Nov 19, 2006 7:40pm Nov 19, 2006 7:40pm
CET
Central European Time.
  • #5
  • Nov 19, 2006 7:40pm Nov 19, 2006 7:40pm
Quoting amaruenterprise
I know this is going to sound stupid but what does CET stand for ??
It is Central European Time (CET).
It is currently GMT+1.
In the summer it is GMT+2

Check out:
http://wwp.greenwichmeantime.com/tim...european-time/
  • #6
  • Nov 19, 2006 7:42pm Nov 19, 2006 7:42pm
Pretty cool.
3 Responses date stamped exactly the same and All saying the exact same thing.

I guess we were right.
  • #7
  • Nov 19, 2006 7:52pm Nov 19, 2006 7:52pm
I have read somewhere that you need a big account, and also that there were discrepancies what is posted compared to actual results.
  • #8
  • Nov 19, 2006 7:52pm Nov 19, 2006 7:52pm
Quoting Bemac
Pretty cool.
3 Responses date stamped exactly the same and All saying the exact same thing.

I guess we were right.
i cnt make sense of the indicator tho.. ??
BECAUSE I CAN !
  • #9
  • Nov 19, 2006 8:00pm Nov 19, 2006 8:00pm
Thanks everyone. That is pretty cool 3 answering at once. Thanks again....
  • #10
  • Edited Dec 11, 2006 3:15pm Nov 19, 2006 8:18pm | Edited Dec 11, 2006 3:15pm
If I understand this correctly this system sets up 2 straddles based on 2 different time frames with set SL and TP. And this is applied to fiber and cable.

So far so good, HOwever, the next part baffles me:

Quoting FxBabe
Greetings,
If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible


Coild anyone explain what this means to me so that I can understand the entire system? Thank you.

Remember the moon is only a rock, after all.
  • #11
  • Nov 19, 2006 9:52pm Nov 19, 2006 9:52pm
how do I open files attached
Quoting FxBabe
Greetings,
I am sure some of you have heard and are using Hans Breakout system. It is in another forum. It was introduced there last year and the thread is still going strong. Hans has kept the system the same from the day it was first introduced.

I believe every forex forum should have a Hans System thread in it.

If you are using the system please post results.

Thanks
Here is the system:
------------------------

Simple Combined Breakout System for EUR/USD and GBP/USD with great results


<HR style="COLOR: #ffffff" SIZE=1><!-- / icon and title --><!-- message -->Simple Combined Breakout System for EUR/USD and GBP/USD

 

  1. Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
  2. Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
  3. Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies
  4. Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD
  5. Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
  6. Move the SL to breakeven after a gain of 30 pips for EUR/USD and a gain of 40 pips for GBP/USD
  7. If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible
  8. At 24.00 CET all orders expiring and close all trades at market. On Friday we do the same at 23.00 CET.

This link displays the time in every major city in the world: www.qlock.com. I am using CET time (Amsterdam, Frankfurt).

Results October 2005:


10/03 : -22 pips
10/04: -61 pips
10/05: -103 pips
10/06: +168 pips
10/07: +156 pips
10/10: +135 pips
10/11: +61 pips
10/12: +108 pips
10/13: +97 pips
10/14: +274 pips
10/17: +178 pips


Total: +991 pips


The results this month are extreme. In general the system gives you an average return of 600 pips a month from March 2005.

On monthly basis the results are:

March 2005: +721 pips
April 2005: +940 pips
May 2005: +296 pips
June 2005: +857 pips
July 2005: +1,352 pips
August 2005: + 35 pips
September 2005: -20 pips
October 2005: +1,825 pips
November 2005: +554 pips
December 2005: +345 pips
January 2006: +73 pips
February 2006: -13 pips
March 2006: +633 pips
April 2006: +617 pips
May 2006: +1,319 pips
June 2006: +251 pips
August 2006: -322 pips

All calculations before October 2005 are done by hand, so it is possible that there is a small deviation. It is only to show the power of such a simple system.

Ps. I have attached an indicator to draw the break out lines.

  • #12
  • Nov 19, 2006 10:12pm Nov 19, 2006 10:12pm
Welcome to the forum Harry: To use the indicator download it and place it into your MT4 directory. Mine is: D:\file1\alpari\experts\indicators. Then stop and restart MT4. THen from MT4 INSERT/INDICATORS/CUSTOM/your_downloaded_indicator.
THere is a 'sticky' in the Metatrador FOrum here at FF on how to help setup yoru MT4.
http://www.forexfactory.com/forexfor...ead.php?t=8984
Quoting Harry111
how do I open files attached
In trading, there is no bullshit. You either make money or you don't.
  • #13
  • Nov 19, 2006 10:17pm Nov 19, 2006 10:17pm
Just reading it myself, but I believe this would imply that if price reverses and hits the other breakout channel then you are to put on a position in the new direction.
I'm getting good at being wrong so this may not be correct, but is how I read it.
Quoting moonchild
If I understand this correctly this system sets up 2 straddles based on 2 different time frames with set SL and TP. And this is applied to fiber and cable.

So far so good, HOwever, the next part baffles me:

QUOTE=FxBabe]Greetings,
If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible

Coild anyone explain what this means to me so that I can understand the entire system? Thank you.

Remember the moon is only a rock, after all.
In trading, there is no bullshit. You either make money or you don't.
  • #14
  • Nov 19, 2006 10:37pm Nov 19, 2006 10:37pm
a skill we all feel like we're learning from time to time, whether we'd like to or not lol.

Quoting mrgreen
I'm getting good at being wrong so this may not be correct, but is how I read it.
- nick andre -
  • #15
  • Nov 19, 2006 10:44pm Nov 19, 2006 10:44pm
I think it's the longest thread I've ever seen... I've only seen a handful of 1000+ post threads, let alone 6600+
  • #16
  • Nov 19, 2006 10:53pm Nov 19, 2006 10:53pm
Quoting et_phonehome_2
I have read somewhere that you need a big account, and also that there were discrepancies what is posted compared to actual results.
I think what Hans posted is correct. I'm not as sure about what others post. Results can vary depending on your broker's prices. Somewhere around June of this year it had lost 900 pips in a short amount of time. It could draw down a thousand pips at any time. Trade it with small lots to start. I think you have to take all the trades to have success. You can lose out on that surprise several hundred pip gain if you sit on the side lines. It is a good system for a trending market. I have used a Milan's Hans EA along with a Firebird EA to cover both types of markets.
  • #17
  • Dec 3, 2006 1:30pm Dec 3, 2006 1:30pm
My ramble; in my short time w/FX (since may 05) i've followed the EurUsd and GbpUsd primarily. I know ppl are making pips on the model here, though for myself an entry so close to a high/low of a given period in time has yet to bring consistent pips for me. What has, on the other hand, is attempting to filter out the "noise" which at least for the GbpUsd is somewhere around the first 45 to 50ish pips from the open at 17:01 ET. Once it breaks this area price will usualy continue in that direction for some time/pips.

: ) Thom
  • #18
  • Dec 3, 2006 2:53pm Dec 3, 2006 2:53pm
Thanks for the post FxBabe. I've been trying to look at that system, but going through over 800 pages is quite an undertaking. I appreciate you summing it up.

A few questions:

1. You say the results vary between brokers. Which brokers appear to perform the best with this system? Do you know of anyone using GFT with results of this system during live trades?

2. Do you know of anyone that has an indicator for the GFT Dealbook 360 that is the same as your MT4 indicator?

3. Do we know why this system has such huge drawdowns at times? What are the theories?

Thanks again. Matt
  • #19
  • Dec 3, 2006 3:06pm Dec 3, 2006 3:06pm
Some more questions -


1. How often would you say the trade will turn against you such that you need to reverse your position?

2. How long are the time frames that you allow a turn? You determine the high low from 6-10 and then 10-14. So is the first time frame that you'll allow a turn is from 10-14? What is the second time frame, 14-24? Those are the actual trading periods correct? You're placing no trades until 10.

3. If the system experiences large drawdowns of nearly 1000 pips, how much of our account do you suggest to start with when beginning to trade this system? Is 2% too large per trade?

4. How do the lower than average months typically play out? Do they usually start out ahead and then experience a draught? Has anyone trading this system tried setting a cap for each month at 800 pips to protect from drawdown? This way the big months will obviously hit their target. If a bad month starts good it is protected and losses are prevented. If its a bad month you trade it just as normal. This might increase the average pips per month. Who knows. Something to consider.
Thanks again. Matt
  • #20
  • Dec 3, 2006 8:52pm Dec 3, 2006 8:52pm
I traded this system for awhile. Unless you love big drawdowns, I wouldn't recommend it...

I backtested it and found that at one point, you'd go three months and just breakeven, and then you'd make money after that...

No thank you.
Mr. Trend
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