East Coast Cable Sleepover Strategy

yes - great stuff Mike.

5/28 +30 closed trade in the morning

alt strategy -40

I will be away for a few days. I'm having LASIK done on my eyes. Be back next week at the latest. Don't let the thread die. If you never see another post that means the laser blew up my eyes better to joke than be scared...

Minnelli

I'm back - not that anyone is making any money on my now no trading strategy But, I'm back from LASIK surgery and can see pretty good but still not perfect. Sort of like every strategy we all come up with.

Anyhow, I need to limit my computer time - hard on the eyes...so...

6/3/07
Base 1.9825
Sell 865 SL 905 TP 825
Buy 785 SL 745 TP 825

Good luck...

Minnelli

Welcome back. I am still working on this strategy. I am working on filters to get rid of that huge drawdown in the backtesting results.

I did run the same exact strategy over the EURUSD using 40/80 and the results were a lot better. I will attach both results.

Mike - how are the results if we just grab the 40 pips without any trailing stop? not letting winners run...Would it get us more wins? I think we just keep focusing on EURUSD. But maybe we could figure out that ATR during the past 5 days or so would be a better gauge. SO if we like 80 pip range now, maybe we figure out what % of the ATR that is. Maybe we find out 67% of the ATR is our range so if range is 70 then our spread is 35 above and below. During trending sessions when atr is lower, then x% of ATR maybe is 50 so we use spread of 25. Just a thought.

Minnelli

I did run both pairs with and without letting the trade run. You get more wins and more profit letting the trades run. I will work on a good ATR entry.

I'm not dead just recovering with my eyes still. I feel these are valid ideas but just don't have the right numbers (i.e. 40 wide). If anyone like Mike or anyone want to help think this through that would be great.

Minnelli

if avg range of E/U ~ 80, how bout - wait for first hour close, (midnite EST) then use ~40 pips away from hi or lo of that bar for entry.
Then u can use a tighter stop - maybe 20 pips.

what if we could also integrate a trendline value. where if the trendline value or key S/R level is breached, the stop could be tightened or some other action could occur (pending trade canceled)?

any new developments coming soon?

thx

I'm done for now. I took the bounce strategy and started development on a Envelope Bounce EA. However, my results are solid in back testing but a little weak in forward testing. I still like the idea of a simple system like the east Coast because it didn't require any EAs. But now I bought a VPS that can run 24x7 within any interruptions, so my focus has moved toward that area. I have also been using FX-Auto for the last 2 months with pretty good success. I was up over $1000 on a $2500 account, but am back down to being about $600 up. I do write about my experiences over at my site, but I think it is against policy to push folks to your site. However, I'm not selling anything, just showing my results of an EA I bought, FX Guru and FX Auto. So I think that is pretty harmless. If you're interested just visit my Profile Home page.

Thanks,
Minnelli
minnelli . com forward slash forex