Big Ben Strategy - Profitable??

I've just lately been learning how to fine tune the Big Ben Strategy and was wondering if anybody here has any points for me that have worked for them. Any suggestions will be appreciated!

I've been looking at the Big Ben strategy for a long time and have found nothing there.
It is very rarely that the formation appears and when it does it's rarely profitable.

Awsome post! Kill the myths, Bill! WHOO WHOO WHOO (imagine areseno hall's posse....)

Accrete did studies on his website:

http://accrete.com/fx-gbp/

and started Big Ben variant discussions here:

http://www.forexfactory.com/showthread.php?t=19499

tdion

Thanks for posting the link. So no one need to waste their effort to reinvent the wheel!

Sunday PM someone posted a list of trades about trading the reverse of the Sun PM candle on Mon. It seemed interesting but when I went back to look it was gone.

Did that happen or did I imagine it? Could it be posted somewhere else? Thanks

I picked this up off a forum a while back (maybe it was this one).

................. I have no idea if these are related, but check these charts for a laugh, no I didn't trade the "tips" - looks to me they picked the exact top & bottom bar for each market.......

Isn't that somewhat of an insane Risk:Reward ratio? I risk 2 to win 1? The win rate on it would have to be ridiculous to make it profitable.

..............sorry, I forgot to include this link, probably not allowed

The ALERTS and RESULTS are available on www.BigBenForexAlerts.com

I'll keep an eye on them. But you DO realize that at 1:2 RR they would have to be picking winners at greater than 75% in order to make it profitable, right? I must admit that I know very little about Big Ben, but just looking at the numbers alone, their results would have to be incredible to make any money at it.

............... yes, I am just following along with the tips, today was much better............ see today's charts, please tell me if I am reading this right or make any mistakes?

Guess they don't know BUY from SELL ???? referring to the USDCHF advice to BUY on the 10th. see previous posts

someone please tell me that I can read instructions and charts properly ????

you have to enter on specific terms that I didn't pick up EXACTLY ....

big ben
here u go john

http://i.imgur.com/u3NBd.gif

testing 1

OUT

8:51 AM
Monday, September 9, 2024 (GMT+1)
Time in London, UK


3:51 EST
Green bar buy high stop lost low

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Big Ben is a currency-specific trading strategy designed to capture the first directional intraday move that often occurs within the first few hours after the Frankfurt/London market openings.
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Setup: 1. The pair makes a new range low at least 25 pips below the opening price after the early Frankfurt/London trading in the GBP/USD rate open.
2. The pair then reverses and trades 25 pips or more above the opening price.
3. The pair then reverses once again to trade back below the intraday low established in step 1.
4. Sell a breakout (at least seven pips) below the London low.
5. Once filled, place an initial protective stop no more than 40 pips above the entry price.
6. After the market moves lower by the distance between the entry price and the stop, cover half the position and trail a stop on the remainder.
These simple rules position you to profit from common behavior that can occur in the pound/dollar when the London/European market opens.

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