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Attachments: Weekly Gbpjpy Breakout System
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Weekly Gbpjpy Breakout System

Interesting system. But it seems like working only for GBP/JPE.
Don't have a lot of time right now, so i only post indicator which a have made today. Settings are very easy, but if you will have questions i'll answer...
Indy is only for 4H timeframe without sat and sund candles.
Attached File(s)
File Type: mq4 WeekEndChannel.mq4   3 KB | 565 downloads
It worked again.
That's about 7 in a row for me.
Quoting billbss
It worked again.
That's about 7 in a row for me.
So, it seems you did not attempt a 2X win, as the original rules indicate. Are you applying some logical cutoff if the channel is too big, or if the 1X comes too late in the week.... or are you only gunning for 1X all the time?
Quoting Qman
So, it seems you did not attempt a 2X win, as the original rules indicate. Are you applying some logical cutoff if the channel is too big, or if the 1X comes too late in the week.... or are you only gunning for 1X all the time?
I'm using the rules that harold backtested.
http://www.forexfactory.com/showpost...45&postcount=9

That's the only way I've ever done it.
Quoting billbss
It worked again.
That's about 7 in a row for me.
Hey billbss, are you placing you trades on sunday evening, or does it really matter when I place my trades being they are usually triggered at a later time anyway. BTW im pacific time.

Heny
Quoting henyloc
Hey billbss, are you placing you trades on sunday evening, or does it really matter when I place my trades being they are usually triggered at a later time anyway. BTW im pacific time.

Heny
I place my trades on Sunday evening, as soon as my broker opens for business.
They are usually triggered later that night.
Quoting billbss
I place my trades on Sunday evening, as soon as my broker opens for business.
They are usually triggered later that night.
Awesome! thanks for the fast reply
Quoting henyloc
Awesome! thanks for the fast reply
This week was a real squeaker, because of the large Friday range.

Price immediately fell over 300 pips from the Sunday open. This is almost always enough to make your profit and be done with it for the week. It wasn't this week.
Price then went north and came within 2 pips of stopping me out. Then it reversed last night and went down enough to make profit.

The only lesson I learned from this is to stick to the rules. Don't try to get fancy. Just keep doing what's been working.
Quoting billbss
This week was a real squeaker, because of the large Friday range.

Price immediately fell over 300 pips from the Sunday open. This is almost always enough to make your profit and be done with it for the week. It wasn't this week.
Price then went north and came within 2 pips of stopping me out. Then it reversed last night and went down enough to make profit.

The only lesson I learned from this is to stick to the rules. Don't try to get fancy. Just keep doing what's been working.
Unfortunately, that spurt to within 2 points from your broker translated to stopping me out by 1 pip. Double the pain then, because that got me long just in time for the next plunge. So following the rules very strictly would have given me a double loss where it gave you a win.

Fortunately, this is extraordinarily rare. I expect I won't have to juggle the system as much in the future as I did this week. I count myself fortunate that I was able to take some profit on the original move (a small variation from the rules), and some of the reverse too, and a bit of the second drop, so that I just about broke even. (I thought crossing the line by a pip was a bit suspect, so I was prepared to re-enter on the sell signal with a smaller lot, and a nearer goal. The goal at that point was to break even). But no question, this has been a difficult week. Many will be easier, I'm sure.
Quoting Qman
Unfortunately, that spurt to within 2 points from your broker translated to stopping me out by 1 pip. Double the pain then, because that got me long just in time for the next plunge. So following the rules very strictly would have given me a double loss where it gave you a win.

Fortunately, this is extraordinarily rare. I expect I won't have to juggle the system as much in the future as I did this week. I count myself fortunate that I was able to take some profit on the original move (a small variation from the rules), and some of the reverse too, and a bit of the second drop, so that I just about broke even. (I thought crossing the line by a pip was a bit suspect, so I was prepared to re-enter on the sell signal with a smaller lot, and a nearer goal. The goal at that point was to break even). But no question, this has been a difficult week. Many will be easier, I'm sure.
Did you take your prices from IBFX or North Finance?

It could have happened to me too.
If it had, that would have made me 6 wins and two losses since I started trading it in January- still not bad.
Hi billbss,

How do you combat any gapping that often occurs during the weekend?

If the price gaps below the range do you just trade from that price or do you wait for it to retrace back into the range before setting your trades for the week?

Thanks,

pn
Quoting purenirvana
Hi billbss,

How do you combat any gapping that often occurs during the weekend?

If the price gaps below the range do you just trade from that price or do you wait for it to retrace back into the range before setting your trades for the week?

Thanks,

pn
I've only dealt with that one time.
I waited for price to go back into the range, then set my orders.
Last week it gapped big. It was a few days before it rose back into the range. The NFP was looming and I didn't place any orders.
Quoting billbss
I've only dealt with that one time.
I waited for price to go back into the range, then set my orders.
Last week it gapped big. It was a few days before it rose back into the range. The NFP was looming and I didn't place any orders.
That's exactly what I've been looking at, the gap this week was huge!

I think on weeks like that the system should/could be given a week off as we've probably already missed our flight!
Quoting purenirvana
That's exactly what I've been looking at, the gap this week was huge!

I think on weeks like that the system should/could be given a week off as we've probably already missed our flight!
There wasn't a gap this week.
There was a big gap last week.
Quoting billbss
There wasn't a gap this week.
There was a big gap last week.
Totally correct!

I meant last week not this one!! Where does the time go??
Quoting billbss
Did you take your prices from IBFX or North Finance?

It could have happened to me too.
If it had, that would have made me 6 wins and two losses since I started trading it in January- still not bad.
After learning from you, I downloaded the NF demo and used the prices from that... Although, this week there were not any differences. I posted earlier, looking back, there is a difference about 1 week in every 4. It is significant, as in, would change the results, either for or against, about half the time. So it is overall significant about 1 week every 2 months, but it is certainly worth watching. --- So this week I was just a bit unlucky, but I kept my wits and came out even, so, live to trade another week. Learning all the time.
Hi to all!

This weekend i have made EA for this system with one exception.
EA don't stop to trade if one of the order was closed by TP, it still can open the opposite trade. So we can have 2 profit trade in one week - one BUY one SELL.

EA and Indy (needed for EA) are below.

Backtests show good results for 2007, not bad for 2006 and loses for 2005, but 1999 is profitable, for example.

So, i'll be glad to hear your opinion on EA and soughths how to make it profitable in 2005 for example.
Attached File(s)
File Type: ex4 WeekEndBOExpert.ex4   8 KB | 579 downloads
File Type: mq4 WeekEndChannel.mq4   4 KB | 539 downloads
Dezil, Thanks for your coding effort. One question before I begin looking things over. How does your EA handle gaps like we saw this Sunday?
Quoting Qman
Dezil, Thanks for your coding effort. One question before I begin looking things over. How does your EA handle gaps like we saw this Sunday?
Hi, Qman! EA wait when the price goes back to channel.
Enter buffer of 10 pip i use as filter for jpen and close. You can set in to 0
Quoting Qman
Dezil, Thanks for your coding effort. One question before I begin looking things over. How does your EA handle gaps like we saw this Sunday?
Whether yesterday was a gap or not, depended on your broker.
North Finance opened yesterday evening with price a little above the sell threshold. If a person had been using them. they would have taken profit last night.
I trade with IBFX. It opened an hour later that NF and price had already fallen below the sell point.
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