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Another simple breakout system 32 replies

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GBP/USD simple breakout system

  • #101
  • Aug 23, 2007 8:52am Aug 23, 2007 8:52am
Quoting riffster
No problem, patience is always required for effective forex trading... lol...

Anyhoo, as far as the GJ is concerned, yes I have a very aggressive cut off. If buy trades aren't triggered before around 1:10 am MST (mountain standard time) then it's a no trade.

I've already been in and out with profits tonight and that's not unusual for the GJ. It can fire off a big near the front of the asian session. I wait until the open of the euro/uk sessions and then shut it down if it hasn't triggered. I will also kill a live trade that extends beyond the "light blue box" range.

However my rules aren't perfect. I missed a trade during the US session 2 days ago because of my filters, but then again, you can't catch every move...
would you please sharing the indicators and templates you use? could you give the example trade with chart using your system?
  • #102
  • Sep 30, 2007 1:44pm Sep 30, 2007 1:44pm
its cool man
{Link Removed}
  • #103
  • Oct 10, 2007 3:52am Oct 10, 2007 3:52am
i am trying to use your system after reading the very interesting thread.

can this system be used more then once in a day? like if there are moves which hit a few times the entry points would it be wise to use them again or only once at the start of the day?

thanks
adrian



Quoting pino2
Hi everyone,
I have too many systems I made myself, some are technical and some are mathematical, I'll try to post here in this forum the mathematical ones

I came out with a very simple breakout system for GBP/USD
All I have to do is to check the high and the low of the previous day
For eg the high and the low for the last Thursday was (high = 1.9660) and (low = 1.9769)
I place 2 orders as follows
Buy entry order @ 1.9960 TP 1.9965 (Yes 5 pips only) I'm using 5 lots
Sell entry order @ 1.9769 TP 1.9764 also using 5 lots
It's 90% + profitable system, I backtested this system from September 2005 up todate
I had 381 win and 26 loss
Maximum loss in every month didn't exceed 2 losses
Avg loss per month = 1 loss
There are months which don't have any loss, for eg April 2007, all executed orders made profit, no loss
I guess that noone will like this system, since I'm risking my account for a daily 5 to 10 pips only, but at the end I got my money in my pocket again
I'm a pip collector so I'm trying to do any system to gain pips even if it is risky and nonsense, no profit without risk

My orders for Monday are:
Buy entry order @ 1.9842 TP 1.9847 X 5 lots
Sell entry order @ 1.9759 TP 1.9754 X 5 lots
Stoploss is at your choice
Best regards and happy trading
  • #104
  • Oct 19, 2007 5:14am Oct 19, 2007 5:14am
anyone there on this thread yet? Pino you there?
  • #105
  • Nov 5, 2007 2:26am Nov 5, 2007 2:26am
THX FOR UR POSTING..
  • #106
  • Nov 5, 2007 3:19am Nov 5, 2007 3:19am
hi everyone, This is my first time post in this thread. This system only work once time in a day, when London open. just watch out about Big Ben when you use this strategy..

Have a nice day...
Logic Wins; Impulse Kills.
  • #107
  • Nov 5, 2007 4:22am Nov 5, 2007 4:22am
Quoting sai_saphire
This system only work once time in a day, when London open.
Why? Please explain. Thanks.
  • #108
  • Nov 14, 2007 11:21am Nov 14, 2007 11:21am
how about
TP/SL
GBPUSD 20/30
AUDUSD 15/30
???

I'm checking it currently. lasty two months AUD: 112 and 142 pips
last month GBP: 115 pips
  • #109
  • Dec 31, 2007 2:00am Dec 31, 2007 2:00am
Quoting pino2
Hi everyone,
I have too many systems I made myself, some are technical and some are mathematical, I'll try to post here in this forum the mathematical ones

I came out with a very simple breakout system for GBP/USD
All I have to do is to check the high and the low of the previous day
For eg the high and the low for the last Thursday was (high = 1.9660) and (low = 1.9769)
I place 2 orders as follows
Buy entry order @ 1.9960 TP 1.9965 (Yes 5 pips only) I'm using 5 lots
Sell entry order @ 1.9769 TP 1.9764 also using 5 lots
It's 90% + profitable system, I backtested this system from September 2005 up todate
I had 381 win and 26 loss
Maximum loss in every month didn't exceed 2 losses
Avg loss per month = 1 loss
There are months which don't have any loss, for eg April 2007, all executed orders made profit, no loss
I guess that noone will like this system, since I'm risking my account for a daily 5 to 10 pips only, but at the end I got my money in my pocket again
I'm a pip collector so I'm trying to do any system to gain pips even if it is risky and nonsense, no profit without risk

My orders for Monday are:
Buy entry order @ 1.9842 TP 1.9847 X 5 lots
Sell entry order @ 1.9759 TP 1.9754 X 5 lots
Stoploss is at your choice
Best regards and happy trading
Hi,

is anybody still trading pino's system?

Cheers
  • #110
  • Mar 28, 2008 6:14am Mar 28, 2008 6:14am
Quoting pino2
Scripes,
Better than acting smart and accusing me that these results are not true, I mentioned here in a previous post that for anyone who wants to check for the results to bring a daily hystorycal data since september 2005 up todate, and you will find that they are 100% true.
But if you still don't believe so sorry this is your problem
If it is ok I can post a link for a site than brings a daily historycal data

So either you don't understand how my system works, or you just want to accuse others and that's it

______________________

Dear Pino,

I would like to check the results, your daily hystorical data from september 2005 to May 11th 2007 with TP 5 pips and 10 pips

CAN YOU POST IT?

THANK YOU VERY MUCH
  • #111
  • Mar 28, 2008 6:26am Mar 28, 2008 6:26am
Quoting pino2
Yes for the second time, if you don't understand this system, don't make this kind of effort to atack it and prove your wrong thoughts, if you have something usefull for the system to help in developing it, you are welcome, if not, I have nothing for you here.

Dear Pino,

I just check the result of Scripes

What was his mistake?
  • #112
  • Mar 28, 2008 6:50am Mar 28, 2008 6:50am
I stopped using this system since long time, but sometimes I use it with GBP/JPY which brings better results, I used this system before with GBP/USD, GBP/JPY, EUR/USD and EUR/JPY.
GBP/JPY brought better results than GBP/USD, but EUR/USD and EUR/JPY brought bad results.

Best resgards and happy trading
  • #113
  • Mar 28, 2008 7:05am Mar 28, 2008 7:05am
Quoting pino2
I stopped using this system since long time, but sometimes I use it with GBP/JPY which brings better results, I used this system before with GBP/USD, GBP/JPY, EUR/USD and EUR/JPY.
GBP/JPY brought better results than GBP/USD, but EUR/USD and EUR/JPY brought bad results.

Best resgards and happy trading
_____________


DEAR PINO

THANK YOU VERY MUCH FOR YOUR QUICK ANSWER.

WHY DID YOU stopped using this system ?

IT DIDN'T BRINGS GOOD results WITH GBP/USD, GBP/JPY?

AND DID YOU CHECK THE 95PIPSDAY Trading Systems ?

ALL THE BEST
  • #114
  • Mar 28, 2008 7:27am Mar 28, 2008 7:27am
Quoting unicla
_____________


DEAR PINO

THANK YOU VERY MUCH FOR YOUR QUICK ANSWER.

WHY DID YOU stopped using this system ?

IT DIDN'T BRINGS GOOD results WITH GBP/USD, GBP/JPY?

AND DID YOU CHECK THE 95PIPSDAY Trading Systems ?

ALL THE BEST
It brought better results with GBP/JPY
Yes I checked the 95pips but I don't use it
You can check also the weekly breakout system for GBP/JPY by nomask, it seems good.
  • #115
  • Mar 30, 2008 11:56am Mar 30, 2008 11:56am
Quoting Scripes
Here are my tests... my EA runs like the in the system, I guess...

Please tell me if I am missing anything...

_____________

Dear Scripes,

Did you try it, with another SL and TP ?

thanks
  • #116
  • Jun 3, 2008 11:58am Jun 3, 2008 11:58am
Hello, my name is Dachel and here is my system, I really like yours but maybe if we could combine our systems.........

well anyway...here's mine

OK here's the deal. The start point is the daily chart and is quite easy to understand cause does not require any indicators so far but could be considered if somebody want to add something to this "strategy".
As I said we take the daily chart and any currency pair I tried so far with GBP/JPY but should work with any. Take the first candle and if close bullish then entry for a long position (1 lot) with no limit and no stops coz you will wait for that candle to close and then close the position. If that candle close bullish again you go long again (1 lot) and so on until a candle close bearish, when it does entry short with the doubles of lots (2 lots)of the last trade and if you lose that one too repeat and double the lots (4 lots) until you win.
This could sound scary and include a lot of risk, I'm still trying to fix the risk but I can tell that I analize the first four months of 2007 and here are the results:
January: +1080 pips
February: +865 pips
April: +1500 pips
May: -45 pips
If anyone want to add something please feel free to do it coz This looks good but needs improvements.
Thanks
  • #117
  • Jul 27, 2009 12:17am Jul 27, 2009 12:17am
Junk method,

Usually, such a "simple" method could not possibly be a good one.

with all due respect to pino though.
  • #118
  • Jul 28, 2009 7:38am Jul 28, 2009 7:38am
Dachelm, sounds like a very interesting system.

Any additional details you could share with us?

Thanks
  • #119
  • Jul 29, 2009 12:01pm Jul 29, 2009 12:01pm
Actually yes. I've been developing some systems and method. You can find them on links I provide you below.

http://forex-strategies-revealed.com...-chart-trading

http://forex-strategies-revealed.com...trading-system

http://forex-strategies-revealed.com...appy-wednesday

http://forex-strategies-revealed.com...ingale-hedging

http://forex-strategies-revealed.com...systems/lucky7

This last one "lucky 7" is the one I'm using rght now with awesome results so try it and have fun.
  • #120
  • Jul 30, 2009 7:12am Jul 30, 2009 7:12am
Gonna test it.
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