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Weekly Gbpjpy Breakout System

  • #241
  • May 26, 2008 3:07am May 26, 2008 3:07am
You can not export the Excel Template to MT4 platform. You will take the Buy/Sell, S/L, and T/P numbers from the template and type these mumbers one-by-one manually into the Order window on MT4 platform to open your Buy Stop and Sell Stop pending orders.
  • #242
  • May 26, 2008 4:59am May 26, 2008 4:59am
Quoting pino2
Can anyone please place the buy and sell entry orders for the coming week?
Interesting post Pino http://www.forexfactory.com/images/icons/icon12.gif. LOL. The trend is always your friend but timing is not. That's why you have to pay close attention to it and measure your risks factor in your analysis and trade management.

Have a great day
  • #243
  • May 26, 2008 12:38pm May 26, 2008 12:38pm
To me the instructions are a bit vague...

For example, what do these instructions mean?

1) "stop loss at the out of break out"

2) "when the price hits stop loss in a way our we increase target profit x3 stop loss in opposite direction..."

Huh? If anyone can possibly misinterpret directions, then I am your Man!

How does the Memorial Day Holiday impact trading this system for this week? Could someone please provide the correct settings?

Many thanks,
Bob
  • #244
  • May 28, 2008 4:34am May 28, 2008 4:34am
TP hit today... another winner
  • #245
  • May 28, 2008 6:04am May 28, 2008 6:04am
Yes, me too hit TP today. Thanks to Nomask and Harold for the startegy and thanks to Billbss for helping to clarify things here.
  • #246
  • May 28, 2008 7:01am May 28, 2008 7:01am
YES, another win, buy stop 205.16, TP 206.20 .. for me 3 W - No Lost
50 more and first MILLION is here..
Veni, vidi, vici...
  • #247
  • May 28, 2008 10:06am May 28, 2008 10:06am
My TP hit to, thats 2 wins. Lets hope it keeps it up!

Alex
  • #248
  • May 28, 2008 10:07am May 28, 2008 10:07am
Yep, same for me. Hope it continues for a long time.
  • #249
  • May 28, 2008 11:40am May 28, 2008 11:40am
how has this system performed?
  • #250
  • May 28, 2008 11:49am May 28, 2008 11:49am
I think Billbss is doing very well with it. I just started it.
  • #251
  • May 28, 2008 12:49pm May 28, 2008 12:49pm
Quoting Pennypacker
how has this system performed?
billbss got 16W and 3L i think.... but if you read the thread, you will find the answer..

to alexwaller and Eureka:

what was your setting for buy?? (SL, TP, entry)
Veni, vidi, vici...
  • #252
  • May 28, 2008 12:54pm May 28, 2008 12:54pm
Buy - 205.61
S/L - 204.12
TP - 206.99
  • #253
  • May 28, 2008 12:59pm May 28, 2008 12:59pm
Quoting Eureka
Buy - 205.61
S/L - 204.12
TP - 206.99

205.16, right?
so you used harold third 4H bar, correct?
Veni, vidi, vici...
  • #254
  • May 28, 2008 1:05pm May 28, 2008 1:05pm
205.61
Not 205.16.

Actually, I used the entries that Billbss posted a few posts back.
  • #255
  • May 28, 2008 1:18pm May 28, 2008 1:18pm
Quoting sikacek
billbss got 16W and 3L i think.... but if you read the thread, you will find the answer..

to alexwaller and Eureka:

what was your setting for buy?? (SL, TP, entry)
Hi mate,

I use alpari so just use there last two 4hr bars with a 5 pip buffer.

Entry 205.21 (includin spread)
TP 206.41
SL 204.08

I also had a pending order should this have lost to sell with double the TP.

Alex
  • #256
  • May 28, 2008 1:26pm May 28, 2008 1:26pm
I have just checked my NF charts, I can see why billbss had a 204.61 entry, its because the last 2 4hr bars didnt total to more than a hundred pips, so he went back another bar which had a high of 205.51.

There is a few different variations and i believe this is one of them.

Alex
  • #257
  • May 31, 2008 5:16am May 31, 2008 5:16am
Can anyone please place the buy and sell entry orders for the coming week?
  • #258
  • May 31, 2008 10:29am May 31, 2008 10:29am
I, too, would appreciate someone providing this coming week's Buy/Sell, SL and TP entires to verify I am doing this correctly. Are we all using the same broker...IBFX, NorthFinance or FXDD?

Much appreciated!

Bob in Wisconsin
  • #259
  • May 31, 2008 12:30pm May 31, 2008 12:30pm
Quoting pino2
Can anyone please place the buy and sell entry orders for the coming week?

use gupta pramod weekly breakout excel template in post 239 page 16, so u can calculate the entry on your own rather than waiting for someone's else calculation
  • #260
  • May 31, 2008 1:59pm May 31, 2008 1:59pm
Quoting erikgault
use gupta pramod weekly breakout excel template in post 239 page 16, so u can calculate the entry on your own rather than waiting for someone's else calculation

It's not a matter of calculation, I can do it myself, it's only I just want to confirm the high and low for the week, I'm trying this system since the begining of this year.

I'm using 1x target, if one side won, I don't enter the other side.
If one side lost I enter the other side with 1x target as well. (This will be a BE week) I had 3 BE weeks b4.
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