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High & Low 8 Hours (GBP/JPY)

  • #1
  • First Post: Oct 11, 2007 7:40pm Oct 11, 2007 7:40pm
System: Find the maximum and the minimum between 18:00GTM and 2:00GTM and then put a buy stop order with maximum and a sell stop order with the minimum.
TP 100
SL 50
If close in S/L open again the stop orders.
Close the day if close in S/L for the second time.
Close the day if close in TP.
Do not change the SL and the TP
Closes orders manually only at the end of the day (18:00 GTM).

P.S- Sorry my english
  • #2
  • Edited Oct 12, 2007 4:40pm Oct 11, 2007 8:07pm | Edited Oct 12, 2007 4:40pm
12/10/2007


Buy: 239.44
Sell: 237.75

Close at SL -50 Pips (dont open the second order)
  • #3
  • Oct 11, 2007 10:14pm Oct 11, 2007 10:14pm
Quoting Nicotina
12/10/2007


Buy: 239.44
Sell: 237.75
I think you're mistaken about your times.

The high between 1800GMT and 200GMT was around 239.05.

It looks like you went back to 1700 GMT.
  • #4
  • Oct 12, 2007 4:57am Oct 12, 2007 4:57am
Hello

In my chart the maximum 239.44 i see in two candels of 4H((20:00;0:00)Market hour))

The signal of today is not very goog because was a big fall, but since the begin os month it give me 330 pips
  • #5
  • Oct 12, 2007 6:11am Oct 12, 2007 6:11am
Quoting Nicotina
Hello

In my chart the maximum 239.44 i see in two candels of 4H((20:00;0:00)Market hour))

The signal of today is not very goog because was a big fall, but since the begin os month it give me 330 pips
I'm not sure what you mean with the candle times you give.

I know that you can't be taking your times beginning at 1800 GMT. The High that you give is much too high for that time window.

I think you're starting at 1700. On my chart, that would have given you a high of 239.41. That is within 3 pips and could be the difference in broker data.

If you started at 1600 that High would have been 239.65- that's too far off.

Starting at 1800, the High would have been 239.05. That's way off from what you said.
  • #6
  • Oct 12, 2007 5:01pm Oct 12, 2007 5:01pm
Quoting billbss
I'm not sure what you mean with the candle times you give.

I know that you can't be taking your times beginning at 1800 GMT. The High that you give is much too high for that time window.

I think you're starting at 1700. On my chart, that would have given you a high of 239.41. That is within 3 pips and could be the difference in broker data.

If you started at 1600 that High would have been 239.65- that's too far off.

Starting at 1800, the High would have been 239.05. That's way off from what you said.
Attached Image (click to enlarge)
Click to Enlarge Name: timeframe.JPG Size: 144 KB
  • #7
  • Oct 12, 2007 5:15pm Oct 12, 2007 5:15pm
Quoting Nicotina
Your chart is GMT +3. It has to be.

The prices shown are consistent with a 4H bar that began at 1700 GMT and closed at 2100 GMT.

Double check and you'll find you chart is set for GMT+3.
  • #8
  • Oct 14, 2007 7:58pm Oct 14, 2007 7:58pm
15/10/2007


Buy: 239.30
Sell: 238.88
  • #9
  • Oct 15, 2007 12:39pm Oct 15, 2007 12:39pm
Quoting Nicotina
15/10/2007


Buy: 239.30
Sell: 238.88
Closed on target +100 Pips

Total(100-50)= +50 Pips
  • #10
  • Edited Oct 16, 2007 7:58pm Oct 15, 2007 7:59pm | Edited Oct 16, 2007 7:58pm
16/10/2007


Buy: 240.06
Sell: 239.17
  • #11
  • Edited 7:58pm Oct 16, 2007 12:23pm | Edited 7:58pm
Quoting Nicotina
16/10/2007


Buy: 240.06
Sell: 239.17
Closed on target +100 Pips

Total(50+100)= +150 Pips
  • #12
  • Oct 16, 2007 5:27pm Oct 16, 2007 5:27pm
Hi Nicotina!

It looks really good, I'll do backtests and show results.

For confirmation it is min/max 18.00-2.00 GMT?


PS
Sorry for my english
  • #13
  • Oct 16, 2007 6:07pm Oct 16, 2007 6:07pm
Quoting Qni
Hi Nicotina!

It looks really good, I'll do backtests and show results.

For confirmation it is min/max 18.00-2.00 GMT?


PS
Sorry for my english


Yes it is min/max 18.00-2.00 GMT!
  • #14
  • Oct 16, 2007 7:57pm Oct 16, 2007 7:57pm
17/10/2007


Buy: 237.72
Sell: 236.89
  • #15
  • Oct 17, 2007 12:47pm Oct 17, 2007 12:47pm
Quoting Nicotina
17/10/2007


Buy: 237.72
Sell: 236.89
1ª Close on SL but the 2ª Closed on target +50 Pips

Total(150+50)= +200 Pips
  • #16
  • Oct 17, 2007 8:04pm Oct 17, 2007 8:04pm
18/10/2007


Buy: 238.22
Sell: 236.63(my target is just 236 or put TStop 25pips)
  • #17
  • Oct 18, 2007 7:36pm Oct 18, 2007 7:36pm
Quoting Nicotina
18/10/2007


Buy: 238.22
Sell: 236.63(my target is just 236 or put TStop 25pips)
Close at 19:59(GTM) +13 pips

Total(200+13)= +213 Pips
  • #18
  • Oct 18, 2007 7:59pm Oct 18, 2007 7:59pm
19/10/2007


Buy: 237.17
Sell: 235.33
  • #19
  • Oct 18, 2007 8:29pm Oct 18, 2007 8:29pm
Nicotina,

Tom from Washington State, USA here. Thanks for sharing this method. Looks like a money-maker to me back testing for this month. I will give it a good test on a demo account for a month and see how it goes. If all is well, I will apply some real funds for the test.

How did you come up with this? I have been reading the posts in the forum frequently looking for a no-brainer method like this.

Thanks again!

Tom
  • #20
  • Oct 19, 2007 2:34pm Oct 19, 2007 2:34pm
Quoting Nicotina
19/10/2007


Buy: 237.17
Sell: 235.33
Close 2 orders SL -100 Pips

Total(213-100)= +113 Pips

Week= +163 Pips
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