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High & Low 8 Hours (GBP/JPY)

  • #1,401
  • Dec 13, 2007 5:17am Dec 13, 2007 5:17am
fxcm

high 230.32
low 228.54


results
sweet +100 sell

still in demo. good system.
  • #1,402
  • Dec 13, 2007 5:44am Dec 13, 2007 5:44am
Could anyone post the the page number that explain the eur/jpy time. I would appreciate it. I will look for it and also the page number for the gbp/usd.

In the mean time I will search for it. Don't bash me. Maybe you do know. It could save me looking through the whole thread again. And i am not lazy because I asked you a question.

If you can help, I would appreciate it.
If not thanks anyway.
  • #1,403
  • Dec 13, 2007 5:48am Dec 13, 2007 5:48am
Quoting croesesFX
Hi Guys
I`m from the UK
to trade this from 18:00gmt until 02:00gmt is a bit late for me, is this the only time this system will work, has anybody traded this on an earlier time?
thanks
For a while I used the window 18:00 to 00:00 GMT, it did work; however I do not trade this method consistently but sporadically so I cannot tell you the performance or winning rate. Forward test it using the above time window and if the result is good let us know.
Regards
  • #1,404
  • Dec 13, 2007 5:54am Dec 13, 2007 5:54am
Quoting smurf
Could anyone post the the page number that explain the eur/jpy time. I would appreciate it. I will look for it and also the page number for the gbp/usd.

In the mean time I will search for it. Don't bash me. Maybe you do know. It could save me looking through the whole thread again. And i am not lazy because I asked you a question.

If you can help, I would appreciate it.
If not thanks anyway.
Hi smurf -

EURJPY is the same as GBPJPY = 0800 GMT to 0159 GMT
GBPUSD = 2200 GMT to 0559 GMT

Pavatar
  • #1,405
  • Dec 13, 2007 5:57am Dec 13, 2007 5:57am
Quoting morton82
hi,

please explain this, i am more confused now. It should be the highs after 18 gmt?

ok i looked at 5min, the high is at 230.13. correct me if i am wrong?

attached the screenshot took.


Thank You!
The bar in your screenshot, happened at 1705 not 1805.
Your chart time is GMT+1.

I show the high of 230.00 on the 1915 bar.
  • #1,406
  • Dec 13, 2007 6:16am Dec 13, 2007 6:16am
Quoting howard
For a while I used the window 18:00 to 00:00 GMT, it did work; however I do not trade this method consistently but sporadically so I cannot tell you the performance or winning rate. Forward test it using the above time window and if the result is good let us know.
cheers Howard, I will do just that
  • #1,407
  • Dec 13, 2007 6:41am Dec 13, 2007 6:41am
Quoting Pavatar
Hi smurf -

EURJPY is the same as GBPJPY = 0800 GMT to 0159 GMT
GBPUSD = 2200 GMT to 0559 GMT

Pavatar

I thank you for your kindness. Will try it in demo as well.
  • #1,408
  • Dec 13, 2007 6:55am Dec 13, 2007 6:55am
Here is a chart that shows the time window used for the GBP/JPY system.

The chart shown is in GMT.

You must find the time used on your chart and use the bars which equate to
1800 GMT
1900 GMT
2000 GMT
2100 GMT
2200 GMT
2300 GMT
0000 GMT
0100 GMT

During the period that England is on Summer Time, the bars use will be:

1700 GMT
1800 GMT
1900 GMT
2000 GMT
2100 GMT
2200 GMT
2300 GMT
0000 GMT


This will be my last post regarding the times.
Attached Image (click to enlarge)
Click to Enlarge Name: timegj.gif Size: 18 KB
  • #1,409
  • Dec 13, 2007 6:59am Dec 13, 2007 6:59am
Quoting billbss
Here is a chart that shows the time window used for the GBP/JPY system.

The chart shown is in GMT.

You must find the time used on your chart and use the bars which equate to
1800 GMT
1900 GMT
2000 GMT
2100 GMT
2200 GMT
2300 GMT
0000 GMT
0100 GMT

This will be my last post regarding the time.
Hi!

In EA you write time like this: 1900 or 19?

THX
  • #1,410
  • Dec 13, 2007 7:19am Dec 13, 2007 7:19am
Quoting marc
Hi!

In EA you write time like this: 1900 or 19?

THX

You would enter 1900 GMT as 19 in the EA

Pavatar
  • #1,411
  • Dec 13, 2007 7:46am Dec 13, 2007 7:46am
EJ timeframe is 1800 to 0159. sl 50 tp 100?
  • #1,412
  • Dec 13, 2007 8:52am Dec 13, 2007 8:52am
Quoting croesesFX
Hi Guys
I`m from the UK
to trade this from 18:00gmt until 02:00gmt is a bit late for me, is this the only time this system will work, has anybody traded this on an earlier time?
thanks
Me too, but saaedb has written a brilliant ea to do the work for us. I have attached the copy that work on both demo and live accounts to save you hunting for it. Put it onto a gy 1h chart, tweak the settings to suit yourself and sit back.


saaedb, 1,000,000 thanks for the ea. It took several hundred demo pips last week, so I put it onto the live account yesterday - no trade. Today +20. I happened to be around when the price came close to +100 then fell back, so I set a +20 sl that eventually got hit.

Attached File(s)
File Type: ex4 NicoTinaBreakOut.ex4   25 KB | 357 downloads
  • #1,413
  • Dec 13, 2007 9:35am Dec 13, 2007 9:35am
Quoting SteveHopwood
Me too, but saaedb has written a brilliant ea to do the work for us. I have attached the copy that work on both demo and live accounts to save you hunting for it. Put it onto a gy 1h chart, tweak the settings to suit yourself and sit back.


saaedb, 1,000,000 thanks for the ea. It took several hundred demo pips last week, so I put it onto the live account yesterday - no trade. Today +20. I happened to be around when the price came close to +100 then fell back, so I set a +20 sl that eventually got hit.

Steve
thanks for that downloaded, why the 1hr chart not daily, also I have alerts coming up every few seconds
cheers

sorry forgot, what settings do I need to change
  • #1,414
  • Dec 13, 2007 10:03am Dec 13, 2007 10:03am
Quoting croesesFX
Steve
thanks for that downloaded, why the 1hr chart not daily, also I have alerts coming up every few seconds
cheers

sorry forgot, what settings do I need to change

I use the 1h chart because NicoTina's strategy stipulated this.

Settings you need to personalise are things like your lot size, risk margin etc. Have a look; most of them seemed pretty self-explanatory to me.

You can turn of the alarm from the ea's Common tab - enable 'Turn off alarm when hit'.
  • #1,415
  • Dec 13, 2007 12:00pm Dec 13, 2007 12:00pm
Quoting SteveHopwood
I use the 1h chart because NicoTina's strategy stipulated this.

Settings you need to personalise are things like your lot size, risk margin etc. Have a look; most of them seemed pretty self-explanatory to me.

You can turn of the alarm from the ea's Common tab - enable 'Turn off alarm when hit'.
Cheers Steve
  • #1,416
  • Dec 13, 2007 12:02pm Dec 13, 2007 12:02pm
i really dont care a hoot whether or not it worked in the past or that it may fail in the future.all i care about is that NIcotina"s strategy is a winner for now and is pilling up the pips for me.if it fails in the future,the good people of this forum will always find a competent replacement for the strategy.Thanks to anaicotina and saaedb for developing the EA.May the good pips neva leave you.

OMEGA


Quoting tdion
The system doesn't have a win expectancy. I can't believe you guys drank the Koolaid on this.... what would you have said from 2001-2006?

Most likely, "I wouldn't touch this strategy with a 10 foot pole." Suddenly, a few months of positive results has this thread buzzing..... What is the reason for its success, other than "the charts told me to trade..." What is the real world reason this system works? Why won't it fail? There is no logical answer... it is.... as they say.... fooled by randomness.

So what is the win expectancy? It depends on GBPJPY's daily fluctuation.... which will change without warning. All your analysis on the past few months will be null and void.

2008 is around the corner.... are you guys willing to blow an account based on 1 year of good trades vs. 6 years of AWFUL results? Call me cynical, but facts are facts.


EDIT) My hat is off to Nicotina for coming up with this strategy. I don't want to make it sound like the system will fail. It could go on for quite some time. But then again, it could go sour any day. All I am saying is, I don't see a logical reason for it to continue working.
with GOD all PIPS are possible
  • #1,417
  • Dec 13, 2007 2:22pm Dec 13, 2007 2:22pm
Nicotina. I've seen many trading systems (As I'm sure most of us have.), and yours is dynamite. I don't know if you noticed, but about 75% of the time, whichever extremity within the box is hit first, price will go the opposite way for the day. Another words, you could go the contrarian direction once you know which end of the box got hit last, set your stop and reversal and the other end, and be right 75% of the time. That means 75% of the time you get a 100+ pip trade. 25% of the time, you get stopped out for a small loss, and the 100-pip gainer. Way to go! Thanks for posting!
  • #1,418
  • Dec 13, 2007 2:26pm Dec 13, 2007 2:26pm
Quoting billbss
The bar in your screenshot, happened at 1705 not 1805.
Your chart time is GMT+1.

I show the high of 230.00 on the 1915 bar.
hi please am ussing +1 gmt in my country, would that means 1900-0200 for 8 hours? and am ussing nothfinance platform can there time for candles be used?
  • #1,419
  • Dec 13, 2007 2:30pm Dec 13, 2007 2:30pm
Quoting yullah
hi please am ussing +1 gmt in my country, would that means 1900-0200 for 8 hours? and am ussing nothfinance platform can there time for candles be used?
The last post I made explains this as well as I am able to.
I can't do any better than that. That's why I said it would be the last one trying to explain the time window.
  • #1,420
  • Dec 13, 2007 2:31pm Dec 13, 2007 2:31pm
please how does nicotinbreakout work, does it tell when the time reaches or what?. pls explain
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