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High & Low 8 Hours (GBP/JPY)

  • #281
  • Nov 7, 2007 3:08am Nov 7, 2007 3:08am
Quoting bkoori
Just one thing I need u to correct me if i am wrong, I use the HI/Low of the CLOSING of 18:00GMT & 2:00GMT candle, is that right?

thats what I used on the backtest.

BK
BKOORI, the close of 2.00gmt candle is at 2:59gmt. It should be 01:59:59gmt.
  • #282
  • Nov 7, 2007 4:49am Nov 7, 2007 4:49am
hi i stopped out on buy trade and i did not re-open because it was looking extremely bearish i got my sell order with 100Pips green.

thank to Nicotina i have made 400pips so far with this system. It hard for me to awake 2 o clock in the morning but its worth.
member
  • #283
  • Nov 7, 2007 4:57am Nov 7, 2007 4:57am
Quoting bkoori
Just one thing I need u to correct me if i am wrong, I use the HI/Low of the CLOSING of 18:00GMT & 2:00GMT candle, is that right?

thats what I used on the backtest.

BK
It is the open of 18:00 1hr bar (GMT) to close of 01:00 1hr bar (GMT), in other words from 18:00 GMT to 01:59 GMT
Regards
  • #284
  • Nov 7, 2007 4:59am Nov 7, 2007 4:59am
Today's trades:

Long order -50
Short order +100

Result: +50
Regards
  • #285
  • Nov 7, 2007 6:23am Nov 7, 2007 6:23am
Quoting henyloc
Are we to adjust for the DST? just trying to make sure i got this right. Ive scanned through this entire thread and its the timeframe to identify the high and low that seems to be the common confusion. I am west coast USA. Are the times shown above still accurate? I mean no changes?
Thank you

Henyloc
It changed when Britain went off of their DST (I think they call it Summer Time) which was a week before we did.

The window is 1800 until 0200 London time.

During the Summer, that is 1700 - 0100 GMT.

Now it is 1800 - 0200 GMT.
  • #286
  • Nov 7, 2007 6:24am Nov 7, 2007 6:24am
Quoting Colostarr
Has it ever happened that both the buy and sell stops were triggered and both stopped out?? My sell stop just triggered...now I am skeered!
Not sure why your sell stop got triggered. it didn't go 50 pips up after triggering sell number!
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #287
  • Nov 7, 2007 6:25am Nov 7, 2007 6:25am
Quoting bkoori
Just one thing I need u to correct me if i am wrong, I use the HI/Low of the CLOSING of 18:00GMT & 2:00GMT candle, is that right?

thats what I used on the backtest.

BK
I was asleep when you posted this- sorry.

Everyone answered you correctly.

You take in the Hi/Lo of the hourly bars 1800 through 0100.

That gives you the time window of 1800 until 0200.
  • #288
  • Nov 7, 2007 6:33am Nov 7, 2007 6:33am
Nicotina's GBP/USD system made it's +40 pips.
  • #289
  • Nov 7, 2007 6:35am Nov 7, 2007 6:35am
Quoting TradeStar
Not sure why your sell stop got triggered. it didn't go 50 pips up after triggering sell number!
"Sell stop" was the order that got him into the short.
He didn't mean he got stopped out of the short.
  • #290
  • Nov 7, 2007 6:47am Nov 7, 2007 6:47am
Quoting billbss
"Sell stop" was the order that got him into the short.
He didn't mean he got stopped out of the short.
oh! I see. From the message I simply misunderstood.
Thanks a lot billbss.
I just wanted ask you this while at it. Do we see a rationale for this technique to work consistently. For example why not take 16 hours to 00 hours Do you see a specific logic in picking this particular time window. Or is it just a statistical finding from historic backtest.

Sorry if I bother you too much. just curios. IF this is what it is, literally there is no reason for look into any other techniques. What is your thought

Thanks much

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #291
  • Nov 7, 2007 6:50am Nov 7, 2007 6:50am
Quoting billbss
Nicotina's GBP/USD system made it's +40 pips.
Could you repeat the start and end of the box, stop and target for G/U, are the rules the same as G/J, that is max 2 stops and 1 target allowed?

Thanks in advance.
Regards
  • #292
  • Nov 7, 2007 7:07am Nov 7, 2007 7:07am
Quoting TradeStar
oh! I see. From the message I simply misunderstood.
Thanks a lot billbss.
I just wanted ask you this while at it. Do we see a rationale for this technique to work consistently. For example why not take 16 hours to 00 hours Do you see a specific logic in picking this particular time window. Or is it just a statistical finding from historic backtest.

Sorry if I bother you too much. just curios. IF this is what it is, literally there is no reason for look into any other techniques. What is your thought

Thanks much

TradeStar
Nicotina said he manually poured over charts and found this time window to be conducive to breakout trading.

Autotrade-FX did a backtest with Tradestation (I believe) and found a different set of times that tested better. You can look back and find his post and see the details.
  • #293
  • Nov 7, 2007 7:15am Nov 7, 2007 7:15am
Quoting howard
Could you repeat the start and end of the box, stop and target for G/U, are the rules the same as G/J, that is max 2 stops and 1 target allowed?

Thanks in advance.
You find the HI/LO from 2200 until 0600 GMT.

For hourly bars, that would take in the 2200 through the 0500 bar.

The rules are exactly the same as this system.

PT=40
SL=20

It has made +40 pips the last two nights, but they were squeakers. Both days, price came within 1 or 2 pips of stopping out before it turned and went the right way

Nicotina keeps a running tally of it's results over at his forum.
http://www.forexinvestimentos.com/fo...pic,498.0.html
  • #294
  • Nov 7, 2007 7:24am Nov 7, 2007 7:24am
Quoting billbss
You find the HI/LO from 2200 until 0600 GMT.

For hourly bars, that would take in the 2200 through the 0500 bar.

The rules are exactly the same as this system.

PT=40
SL=20

It has made +40 pips the last two nights, but they were squeakers. Both days, price came within 1 or 2 pips of stopping out before it turned and went the right way

Nicotina keeps a running tally of it's results over at his forum.
http://www.forexinvestimentos.com/fo...pic,498.0.html
Thanks a lot, 20 pip stop might be a problem, too tight, but of course for 40 pips profit, it cannot be more
Regards
  • #295
  • Nov 7, 2007 7:48am Nov 7, 2007 7:48am
Thanks billbss for help everyone
  • #296
  • Nov 7, 2007 7:54am Nov 7, 2007 7:54am
Quoting Nicotina
Thanks billbss for help everyone
Thank you for these great systems
  • #297
  • Nov 7, 2007 8:38am Nov 7, 2007 8:38am

Hi there

First, I would like to thank Nicotina for this simple system & Billbass for helping out. I have visual backtested this system from Nov 1st, 2006 until Oct 31st, 2007 with considering the followings:

- Using Nicotina's parameters.
- Using manual Trailing Stop +55 to break even, then move it to +10 after 65 pips.
- I used the Highs/Lows of the closing candle of 18:00GMT & 2:00GMT.

The result is attached below.

Looks pretty good !!!!!

Attached File(s)
File Type: xls backtest.xls   15 KB | 1,174 downloads
  • #298
  • Nov 7, 2007 8:41am Nov 7, 2007 8:41am
I will try to adjust that again from 18:00GMT to 1:59GMT.

Thank you so much guys for clearing that out. By the way the result, still awesome !!!!!!!

BK
  • #299
  • Nov 7, 2007 8:45am Nov 7, 2007 8:45am
Quoting bkoori

Hi there

First, I would like to thank Nicotina for this simple system & Billbass for helping out. I have visual backtested this system from Nov 1st, 2006 until Oct 31st, 2007 with considering the followings:

- Using Nicotina's parameters.
- Using manual Trailing Stop +55 to break even, then move it to +10 after 65 pips.
- I used the Highs/Lows of the closing candle of 18:00GMT & 2:00GMT.

The result is attached below.

Looks pretty good !!!!!

WOW!!
That does look good- never a losing month!
If you included the 0200 candle, that was one too many. It ends at 0300. Also, during DST the times are 1700 to 0100.
Still those are remarkable results.

I don't totally understand your trailing stop. Can you explain that again?

Thank you
  • #300
  • Nov 7, 2007 8:45am Nov 7, 2007 8:45am
Quoting bkoori
I will try to adjust that again from 18:00GMT to 1:59GMT.

Thank you so much guys for clearing that out. By the way the result, still awesome !!!!!!!

BK
THX, for your work. But you should not take the close of 02:00gmt.
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