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Attachments: Breakout + Spread!! Sure!!!
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Breakout + Spread!! Sure!!!

  • #921
  • Apr 1, 2008 7:14am Apr 1, 2008 7:14am
I agree.
Discretionary and optimization are my first enemies.
  • #922
  • Apr 1, 2008 8:43am Apr 1, 2008 8:43am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
what do you rely on to trade then?
  • #923
  • Apr 2, 2008 5:25am Apr 2, 2008 5:25am
Quoting pamelomarcos
can anyone translate that...lol
1. Find High and Low at Italian Time(GMT+1) From 5 am to 9am
2. Add your spread on High, subract to Low
3. Insert orders (i assume just after 9am)
4.(6.)Set Take profit to 50 pips, Stop loss to 60 pips from entry
5. Close the opposite position whenever 1 got filled
6.(4.) If Take profit Stop loss wasnt hit till 23 pm close the position.
7. Check support and resistance on the 4 hour timeperiod with De Mark indicator
Online Prop Firms are not the solution
  • #924
  • Apr 2, 2008 5:20pm Apr 2, 2008 5:20pm
HI Mr eagle , iam FROM LEBANON and anew member at forex factory and i have heared about your "breakout +spread'' starategy , but idont have any file or informations on this strategy ,if u dont mind can u send me the attachments files of this strategy that you are trading NOWADAYS and on which currency this strategy works .
thanks
  • #925
  • Apr 20, 2008 9:16am Apr 20, 2008 9:16am
Quoting foxx
HI Mr eagle , iam FROM LEBANON and anew member at forex factory and i have heared about your "breakout +spread'' starategy , but idont have any file or informations on this strategy ,if u dont mind can u send me the attachments files of this strategy that you are trading NOWADAYS and on which currency this strategy works .
thanks
Eagle.. If I May...

Heres how it works...FOXX...
You READ the thread... Yep.. ALL 47 pages.. ALL 924 posts...
Check out the attachments.. (top right tab) . And test it or your self.
Its ALL there.

and THEN... If theres something ADDITIONAL you dont understand or that you can suggest as an improvement .... THEN ... post your question...

Sorry, Iīm NOT putting down your very legitimate question.. Its just that
ALL you need it know is ALREADY WRITTEN HERE. You just need to read it FIRST.

And when you do, I hope it works for you as well as its worked for me and all the other guys that owe Eagle a big thanks for his generosity in sharing...



ps .. wasnīt Friday awesome guys!!!!!!



In Forex, as in life, There are no winners and no loosers... only survivors.
  • #926
  • Apr 20, 2008 9:26am Apr 20, 2008 9:26am
Quoting lilydat
Thanks Eagle... That's Italian, I'm assuming?
i am Italian, brother!
  • #927
  • Apr 20, 2008 9:27am Apr 20, 2008 9:27am
Quoting pamelomarcos
can anyone translate that...lol
  • #928
  • Apr 20, 2008 9:29am Apr 20, 2008 9:29am
Quoting pungggi
1. Find High and Low at Italian Time(GMT+1) From 5 am to 9am
2. Add your spread on High, subract to Low
3. Insert orders (i assume just after 9am)
4.(6.)Set Take profit to 50 pips, Stop loss to 60 pips from entry
5. Close the opposite position whenever 1 got filled
6.(4.) If Take profit Stop loss wasnt hit till 23 pm close the position.
7. Check support and resistance on the 4 hour timeperiod with De Mark indicator
Be big brother,
thanks!
  • #929
  • Apr 20, 2008 9:37am Apr 20, 2008 9:37am
Quoting foxx
HI Mr eagle , iam FROM LEBANON and anew member at forex factory and i have heared about your "breakout +spread'' starategy , but idont have any file or informations on this strategy ,if u dont mind can u send me the attachments files of this strategy that you are trading NOWADAYS and on which currency this strategy works .
thanks
Here is my friend!
Attached File(s)
File Type: mq4 BreakOut_0500_0900_EAGLE__MARCELLO_DIBELLA_INDICATOR_ITALIAN.mq4   7 KB | 1,939 downloads
File Type: ex4 BreakOut_0500_0900_EAGLE__MARCELLO_DIBELLA_INDICATOR_ITALIAN.ex4   7 KB | 1,122 downloads
File Type: mq4 Demark_trend_alert_and_mail.mq4   16 KB | 1,152 downloads
File Type: ex4 Demark_trend_alert_and_mail.ex4   24 KB | 977 downloads
  • #930
  • Apr 21, 2008 3:01pm Apr 21, 2008 3:01pm
HI MR eagle thank u for sharing this amazing strategy with us, that show how much u like to help others,and to MR cliffedwards :maybe igot some how hurry when isend my first message because (when i so the 62 pages,which are realy too big,and also because i was NEW to the forum , and because iwas wanting to see the latest strategy),but after isend that message on 31 may istarted reading "and when iwas reading i noticed that ishoudn't send that message before finishing reading of all pages" and now iam in page 52 . Thanks MR EAGLE and MR CLIFFEDWARDS for help and sharing this great strategy.
  • #931
  • Apr 27, 2008 10:18pm Apr 27, 2008 10:18pm
The last two months i tried this strategy with a demo account... and i can say that it pass the exam to apply it on my live account... of course I realize that it is wise to put an SL according with the average volatily of the pair... It works better on EUR pairs...
Attached Image (click to enlarge)
Click to Enlarge Name: aaa1.gif Size: 19 KB
... All good things come to those who wait...
  • #932
  • Edited 11:15pm Apr 27, 2008 10:20pm | Edited 11:15pm
I have experimented with the original indicator... setting this at 3:00 to 7:00 London hour (iīm trading with Alpari UK), offset usually at 5, SL ATR*1 + Spread, TP ATR*2, SL moved at BE.
I usually leave two pending orders before go to sleep... one BuyStop and another SellStop... not all the days...
I realized looking at the charts that with this way this signal can win almost 40 to 50% if uses a SL of 1*ATR and 60 to 70% of the time and more if uses SL of 2*ATR ...
I haveīnt tried with another pairs... or another complements...

Thanks Eagle
... All good things come to those who wait...
  • #933
  • Apr 27, 2008 10:42pm Apr 27, 2008 10:42pm
Casi me olvido....

I tried with the american session (using better with 10:00 to 14:00 London hour) but the result are not as good as the european session...
... All good things come to those who wait...
  • #934
  • Apr 27, 2008 10:49pm Apr 27, 2008 10:49pm
Quoting ZeroPip
Casi me olvido....

I tried with the american session (using better with 10:00 to 14:00 London hour) but the result are not as good as the european session...
Zeropip


how are you handling stops/limits with this strategy???
  • #935
  • Apr 27, 2008 11:02pm Apr 27, 2008 11:02pm
Quoting nomoretoxic
Zeropip


how are you handling stops/limits with this strategy???
same as European session... (SL = 1*ATR(20)+Spread; TP = 2*ATR(20)); but American session is erratic with the EUR pairs... USD pairs works better in this session.... I have tried TP = 1*ATR with more success with EURUSD...
... All good things come to those who wait...
  • #936
  • Apr 27, 2008 11:21pm Apr 27, 2008 11:21pm
My wife uses an SL of the High - Low of the Indicatorīs square and a TP of 161.8 Fib... with almost the same win probability... I will test this setting this week... only european session
I will post the results ...
... All good things come to those who wait...
  • #937
  • Apr 28, 2008 6:28am Apr 28, 2008 6:28am
Well...
This is the first day... (live account)

Yesterday I selected two pairs for trade... trading only 0.02 microlots per pair order for this forward testing, and these are the first results:

Closed orders:
EURUSD -50, -50 (both pending orders hit the SL.... it can happens from time to time)...
EURCHF -35,

Opened orders:
EURCHF currently at -18...

Balance account: -26.77

I will continue post the results daily...
... All good things come to those who wait...
  • #938
  • Apr 28, 2008 11:46am Apr 28, 2008 11:46am
Zeropip

Interesting approach with ATR*2. .
I assume the ATR SL is NOT dynamic? but is set on the reading available at entry.

I use same idea but less rigid.... just set SL based on a typical ATR for each pair...generally about 50 but on low ranging pairs like EURGBP 38-40, and on the volitiles GBPJPY / GBPCHF etc 65-75. Does anyone know of a trade management EA that offers dynamic SLs based on ATR? Be interesting to see if it made a difference.
  • #939
  • Apr 28, 2008 12:31pm Apr 28, 2008 12:31pm
Quoting cliffedwards
Zeropip

Interesting approach with ATR*2. .
I assume the ATR SL is NOT dynamic? but is set on the reading available at entry.

I use same idea but less rigid.... just set SL based on a typical ATR for each pair...generally about 50 but on low ranging pairs like EURGBP 38-40, and on the volitiles GBPJPY / GBPCHF etc 65-75. Does anyone know of a trade management EA that offers dynamic SLs based on ATR? Be interesting to see if it made a difference.
Yes... The european session starts 2:00 am in my city... so it is very late to follow the SL and TP, so I must let it on FF (fire and forget)... An EA could make a difference... of course... but i think one must be careful to select the pair and not trade those with recent ranging history...
... All good things come to those who wait...
  • #940
  • Apr 28, 2008 12:38pm Apr 28, 2008 12:38pm
Zeropip

Have you considered periods of drawdowns with this sytem??

I like your ATR apporach by the way
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