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  • #1,821
  • Apr 28, 2008 2:33am Apr 28, 2008 2:33am
I think the concept still on resistance and support of price. some ranging market is working with system but it still have risk to be considered. If ur sure 100% then ur can enter the price. But it seem not sure the market will go down or up or ranging. It need to be added with other indicator to eleminate the risk but looking to movements.

Same with me, I already study the system. It can give good result if ur sure that the market not ranging at all.

thanks
  • #1,822
  • Apr 29, 2008 8:06am Apr 29, 2008 8:06am
Quoting kl79
I think the concept still on resistance and support of price. some ranging market is working with system but it still have risk to be considered. If ur sure 100% then ur can enter the price. But it seem not sure the market will go down or up or ranging. It need to be added with other indicator to eleminate the risk but looking to movements.

Same with me, I already study the system. It can give good result if ur sure that the market not ranging at all.

thanks

HI kl79

Can you post your results?

thanks
  • #1,823
  • Apr 30, 2008 3:49pm Apr 30, 2008 3:49pm
Has anyone tried to use the Reverse EA on a different timeframe? when i place it on a 30min chart, it seems to execute different paramaters then what is in the inputs. Is the look back hour mean hour or does it mean time period of the chart it is on? One more,? If the look back does mean time period the chart is on, a look back of 6 on a 30 min chart should give same results as a look back of 3 on a 1 hr chart, but it does not. Any adivce as to learn more about using the different timeframes for this EA.
thank you
mike r
  • #1,824
  • Apr 30, 2008 7:16pm Apr 30, 2008 7:16pm
Hi,

I don't know about the reverse version, but I have been trying out the standard one for about one month now on a demo. I am preparing to go live soon, if profits keep up.

This system highly depends on the settings of BE, SL and TP. E.g. lower BE and SL on G/J gave me huge losses, but higher values gave me profit. I am also trying this on E/U, and it seems good. The returns are lower on this pair, but the shifts are also smaller, so perhaps somewhat safer.

But I am still not sure if it is safe enough to go live. Will my results stand, or will different market conditions give losses? All opinions are appreciated.
  • #1,825
  • May 1, 2008 4:02am May 1, 2008 4:02am
normally there have 3 pair will give a good result on box methods.

GJ, GC and GU - but it still need to study the time the pip exit the box..... normally gu is the best if happen exit on
us open....
for GJ and GC - on europe open. but beware on us open it will bounce back due to exchanging of euro to us...... but still depending to indicator.......

still dont have any standard result to show to u all. it different with the condition......


sorry
  • #1,826
  • May 1, 2008 9:03am May 1, 2008 9:03am
Here is the ...... BreakOut_PANCA_EAGLE ...... with softer colors ..... nice for black background on your charts. IMO


BreakOut_PANCA_EAGLE__soft-colors
Attached File(s)
File Type: mq4 BreakOut_PANCA_EAGLE__soft-colors.mq4   7 KB | 1,312 downloads
  • #1,827
  • May 2, 2008 10:10am May 2, 2008 10:10am
Quoting ut2DaMax
Here is the ...... BreakOut_PANCA_EAGLE ...... with softer colors ..... nice for black background on your charts. IMO


BreakOut_PANCA_EAGLE__soft-colors
Hello, i'm trying this system, and have some questions.
Could you explain what that mean "periodBegin", "periodEnd" and "BoxEnd" mean?
it's a periodBegin - 17:00 EST or what, periodEnd-? BoxEnd-?
can you tell this times in GMT
  • #1,828
  • May 3, 2008 3:18am May 3, 2008 3:18am
Quoting Archie
Hi,

I don't know about the reverse version, but I have been trying out the standard one for about one month now on a demo. I am preparing to go live soon, if profits keep up.

This system highly depends on the settings of BE, SL and TP. E.g. lower BE and SL on G/J gave me huge losses, but higher values gave me profit. I am also trying this on E/U, and it seems good. The returns are lower on this pair, but the shifts are also smaller, so perhaps somewhat safer.

But I am still not sure if it is safe enough to go live. Will my results stand, or will different market conditions give losses? All opinions are appreciated.
you dont have to trust me but listen to me well, going live after trying this on demo is a different thing. Live is a different beast compared to demo. I stay live and I don't demo that's the only way you learn. I dont post much because I'm more focused on trading than debating on forums. but believe me your results will differ on a live account. Ive done this strategy for quite a while and it's pretty decent. When you need a little extra coin here and there without putting much effort and then diverting your focus on analyzed and planned trades. anyways no luck needed try your hand going live, you'll never go back to demo.
"Diversification is an excuse for a lack of talent" ~FXC
  • #1,829
  • May 3, 2008 6:53am May 3, 2008 6:53am
Here are some forward testing results.
They cover a period of 96 days from 28/11/07 to present.
Attached Image
  • #1,830
  • May 3, 2008 12:37pm May 3, 2008 12:37pm
Quoting FXCapitalist
you dont have to trust me but listen to me well, going live after trying this on demo is a different thing. Live is a different beast compared to demo. I stay live and I don't demo that's the only way you learn. I dont post much because I'm more focused on trading than debating on forums. but believe me your results will differ on a live account. Ive done this strategy for quite a while and it's pretty decent. When you need a little extra coin here and there without putting much effort and then diverting your focus on analyzed and planned trades. anyways no luck needed try your hand going live, you'll never go back to demo.
Thanks for your input. Yes, I know there's a difference between live and demo, but still, I like to try new systems on demo, just to see how they work. But you are right, live is the only way to know for sure. I will have your advice in mind.
  • #1,831
  • May 3, 2008 12:39pm May 3, 2008 12:39pm
Which are the best pairs to trade using this system?

I have tried many pairs, and found that G/J is good but risky. E/U is also good, but sometimes movements are not that big.

Pipnick, do you suggest E/J and G/U?
  • #1,832
  • May 6, 2008 3:36pm May 6, 2008 3:36pm
Hi Archie

I have had success with E\J and G\U however I know other tried have been profitable.

Check out some posts by Mikelath.

Also G/J appeared to profitable for Naranjoe.
  • #1,833
  • May 7, 2008 6:31am May 7, 2008 6:31am
Hi Guys,

I'm new to this forum and found this thread by chance, I've tried this system only for 3 days and found it very good if not perfect so far, although I made some adjustments as follows:

1. I only trade on 1 pair (Eur-Gbp), as I think the less volatile the pair the better this system will be.

2. Same entry Rule as mikelath, although I only use 1 lot with SL/TP @ 12/15 pips

My Question is for those who has used this system longer then I do, can you tell me the precentage of this system success? (ie: how many loss per let's say 10 trades?)

thanks
To always be profitable....
  • #1,834
  • May 7, 2008 7:27am May 7, 2008 7:27am
Quoting handana76
Hi Guys,

I'm new to this forum and found this thread by chance, I've tried this system only for 3 days and found it very good if not perfect so far, although I made some adjustments as follows:

1. I only trade on 1 pair (Eur-Gbp), as I think the less volatile the pair the better this system will be.

2. Same entry Rule as mikelath, although I only use 1 lot with SL/TP @ 12/15 pips

My Question is for those who has used this system longer then I do, can you tell me the precentage of this system success? (ie: how many loss per let's say 10 trades?)

thanks
There are lists in this thread of trade histories and that should give you a rough win percentage, however the system you are using is not the original system whatsoever. The key to this system was the money management. You are simply placing a 1 lot trade with a .8 R:R ratio. The entry for this system was never the key, it was the money management after the entry.
The basis of a democratic state is liberty. ~ Aristotle
  • #1,835
  • Edited 6:57am May 8, 2008 6:54am | Edited 6:57am
Quoting Vensik
There are lists in this thread of trade histories and that should give you a rough win percentage, however the system you are using is not the original system whatsoever. The key to this system was the money management. You are simply placing a 1 lot trade with a .8 R:R ratio. The entry for this system was never the key, it was the money management after the entry.
I couldn't use the original as it would damage my own risk management per trade, also that I'm currently in a loosing account, so my primary goal is to break even first, then I may follow the original system, beside the pair I trade won't allow that kind of Profit level using this system.

My SL got hit today, maybe it's too small..but I got to stick to this game plan for a while, also I'll increase my TP to 17 pips.

Thanks

Note: My entry point is right at yesterday's low/high...to me entry point is very significant, as i got burnt a lot due to this entry point.
To always be profitable....
  • #1,836
  • May 10, 2008 5:14am May 10, 2008 5:14am
Quoting PipNick
Hi Archie

I have had success with E\J and G\U however I know other tried have been profitable.

Check out some posts by Mikelath.

Also G/J appeared to profitable for Naranjoe.
Hi! Wich settings do you use for E/J and G/U? E/U seem to work with the regular settings, but G/J doesn't and requires some adjustments.

Thanks!
  • #1,837
  • May 10, 2008 6:38am May 10, 2008 6:38am
Hi all,
Would you provide me EA to trade all pairs for this great system?
tks
  • #1,838
  • May 10, 2008 12:34pm May 10, 2008 12:34pm
Quoting worldreview
Hi all,
Would you provide me EA to trade all pairs for this great system?
tks
See the attached files in the upper right corner. There is an EA since a while back.

Good luck!
  • #1,839
  • May 12, 2008 12:40pm May 12, 2008 12:40pm
Does any one have an idea as to why this EA would just stop working, it had been working for 1 month now, and last night for some reason it just stoped working. i have the smiley face and all is in order (i changed nothing) and it stopped on 2 different brokers and 2 different computers. Any Ideas?
thanks for the help
mike r
  • #1,840
  • May 12, 2008 3:30pm May 12, 2008 3:30pm
Quoting mikenada
Does any one have an idea as to why this EA would just stop working, it had been working for 1 month now, and last night for some reason it just stoped working. i have the smiley face and all is in order (i changed nothing) and it stopped on 2 different brokers and 2 different computers. Any Ideas?
thanks for the help
mike r
Hi,

Hi can't say why it stopped working for you. It is still working for me, but there has been some strange behaviour lately, such as double orders and a few times it has not opened the orders.

I do not know about the double orders, but the times it has missed an opening, can be because my broker did a reset of the demo server, at the same time as the EA would normally open the positions.

Anyone else with the same problems?
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