DislikedOK here we go, the great time discussion.
I have the box set to close at 7:00 GMT. If you look at my posted 5 minute chart from yesterday, you can confirm that time........Ignored
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DislikedOK here we go, the great time discussion.
I have the box set to close at 7:00 GMT. If you look at my posted 5 minute chart from yesterday, you can confirm that time........Ignored
DislikedThe reason I asked about time was because the box high low prices change quite a bit when changing from 1 hr to 5 min. TF's and I had not seen your later posts with the explication as to how you used them.Ignored
DislikedThis alert is what I have been using to let me know when a breakout is occuring. (Helps with a little more sleep at 3:00am)
I give credit to MAESTR2 from the FF thread of IMRAN SAIT Post #5499. There is a vidoe attached to this post that lets you know how this indicator works. There are also different sound files that you can load for different currency pairs. I just use the main sound file and it is annoying and keeps repeating itself until you move the lines thus you can't help but wake up and pay attention.
(This is the first time I have sent and attachment with a post so let me know if I did it wrong.) Also if you have any questions after watching the video.Ignored
DislikedIf you isolate a three hour time period; ie. 5 AM to 8 AM GMT, the high and low prices for that period are fixed. It does not matter what time frame or chart you use to view that time period, the highs and lows will be the same. I suggested using the 5 minute chart because I have been using the Stochastic Oscillator as a filter for this strategy as explained in my previous posts.Ignored
DislikedWe might be using different Breakout Indicators. Using Breakout-EAGLE_indicator (attached)when I set it for 5:00 to 8:00 on a 1hr TF it actually measures from 6:00 till 8:59. When I change to 5 min it mearures from 5:05 till 8:05. On the EURO yesterday the top price stayed the same but the bottom price changed from 1.4710 to 1.4701 when changed from 1 hr to 5 min. TF. Sounds like you might have a better indicator, if so please post it.Ignored
DislikedThis alert is what I have been using to let me know when a breakout is occuring. (Helps with a little more sleep at 3:00am)
I give credit to MAESTR2 from the FF thread of IMRAN SAIT Post #5499. There is a vidoe attached to this post that lets you know how this indicator works. There are also different sound files that you can load for different currency pairs. I just use the main sound file and it is annoying and keeps repeating itself until you move the lines thus you can't help but wake up and pay attention.
(This is the first time I have sent and attachment with a post so let me know if I did it wrong.) Also if you have any questions after watching the video.Ignored
DislikedJust found this great thread!
Questions;
1.What pairs are most people trading with this method?
2. What timescales?
3. The dreaded time question - I am using StrategyBuilder and am in the UK. Strategybuilder works on GMT +2 and I am using the Breakout 6-9 indicator. This means that for GBP/USD the first bar on 15 min chart is 9:15.
Is this correct?
Really appreciate help form anyone out there on these - I dredged through the thread and got more confused than emlightened!Ignored
DislikedMany thanks for your help.
Noticed the posts by Spiritbreezer (p23 onwards). Have you looked at these? They started simple but rapidly got complex. Any thoughts?Ignored
DislikedWhen simple becomes complex........................something is wrong.Ignored
DislikedHi guys
Try the following set 3:00-6:00 and backtest it
It's great for EURUSD !Ignored
DislikedThis is fantastic... can you test the EUR/JPY and GBP/USD? These are the pairs most watched with this system
ThanksIgnored