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Triangular Breakout System

  • #41
  • Jun 5, 2008 2:38am Jun 5, 2008 2:38am
Maybe today we'll get scenario 2...but it still waiting..
  • #42
  • Jun 5, 2008 2:59am Jun 5, 2008 2:59am
Excellent - I also got my EUR/USD long triggered at 1.5449 but the take profit was not reached before the USD/JPY triggered. I am about 30 pips negative. It will be interesting to see how the hedge plays out. All other pending orders are cancelled
BTC Return This Year: na
  • #43
  • Jun 5, 2008 3:09am Jun 5, 2008 3:09am
Get Scenario 2...

EURUSD and USDJPY triggered, let's cancel take profit setting and cancel pending order for EURJPY.
Now overall profit is about -25pips..let it run until profit between -10pips and 10 pips.
Happy waiting and monitoring...we can monitoring each hour..no need to sit on the monitor all the time.
  • #44
  • Jun 5, 2008 3:51am Jun 5, 2008 3:51am
The ea also has two opened trades now and has cancelled the third. The profit is set to $10 but could be changed of course.
  • #45
  • Jun 5, 2008 4:14am Jun 5, 2008 4:14am
Quoting budi_838
My open price at 01.30 gmt is 1.5398 so 1.5398 + 50 pips + 3 spread = 1.5451 (sory if at post number 1 i don't say to add spread)
At FxOpen spread ==> EURUSD=3pips USDJPY=3pips EURJPY=4pips
Okay, so the open price is the sell price which is why you add the spread when you put a buystop, but your takeprofit is 1.5398+50+10 = 1.5458 which is 7 pips profit is this right, so your takeprofit is always 10-spread?
  • #46
  • Jun 5, 2008 4:30am Jun 5, 2008 4:30am
Quoting NowAndLater
Okay, so the open price is the sell price which is why you add the spread when you put a buystop, but your takeprofit is 1.5398+50+10 = 1.5458 which is 7 pips profit is this right, so your takeprofit is always 10-spread?
No, example this:
If EURUSD open price at 01.30gmt is 1.5500 so our buystop is at 1.5553 (1.5500+50+3 spread for EURUSD at FxOpen) and our take profit is at 1.5563.

If USDJPY open price at 01.30gmt is 105.00 so our buystop is at 105.53 (105.00+50+3 spread for USDJPY at FxOpen) and our take profit is at 105.63.

If EURJPY open price at 01.30gmt is 163.00 so our sellstop is at 162.46 (163.00-50-4 spread for EURJPY at FxOpen) and our take profit is at 162.36.

Hope this will help.
  • #47
  • Jun 5, 2008 8:34am Jun 5, 2008 8:34am
wow after riding out about 60 pips of drawdown i was able to close out the hedge with 35 pips profit - very encouraging
BTC Return This Year: na
  • #48
  • Jun 5, 2008 8:57pm Jun 5, 2008 8:57pm
Yesterday trade hit take profit.

Today setting are :
Buystop EURUSD at 1.5638, take profit at 1.5648
Buystop USDJPY at 106.71, take profit at 106.81
Sellstop EURJPY at 164.94, take profit at 164.84
  • #49
  • Jun 5, 2008 10:48pm Jun 5, 2008 10:48pm
what are your thoughts on the following pairs?

- gbp/usd
- usd/jpy
- gbp/jpy

would it work just the same? and if so, what would you recommend as a entry point?
  • #50
  • Jun 5, 2008 11:11pm Jun 5, 2008 11:11pm
Quoting trader1234
what are your thoughts on the following pairs?

- gbp/usd
- usd/jpy
- gbp/jpy

would it work just the same? and if so, what would you recommend as a entry point?
i haven't test it yet, but i think the logic is the same except the parameter.
i think it better for us to focus on eurusd,usdjpy,and eurjpy.
if we have 2 or more triangular pair to trade, so we must divide to trade that.
So why not we just enlarge the lot to trade just one triangular pair?
So i think focus on one triangular pairs is better.
  • #51
  • Jun 5, 2008 11:50pm Jun 5, 2008 11:50pm
hi
i had 2 position now from 4/6
sell eurjpy @ 161.8 with -348 pip
buy usdjpy@ 105.52 with 55 pip
  • #52
  • Jun 6, 2008 1:21am Jun 6, 2008 1:21am
Quoting rzamany
hi
i had 2 position now from 4/6
sell eurjpy @ 161.8 with -348 pip
buy usdjpy@ 105.52 with 55 pip
Setting for 4 June 2008 :
Sellstop EURJPY @161.99, take profit @161.89, take profit hit at 07.31gmt
  • #53
  • Jun 6, 2008 1:29am Jun 6, 2008 1:29am
Quoting budi_838
Setting for 4 June 2008 :
Sellstop EURJPY @161.99, take profit @161.89, take profit hit at 07.31gmt
hi
is time of fx open gmt+3?
  • #54
  • Jun 6, 2008 1:38am Jun 6, 2008 1:38am
Quoting rzamany
hi
is time of fx open gmt+3?
Yes, at FxOpen i use 04.30
  • #55
  • Jun 6, 2008 1:41am Jun 6, 2008 1:41am
Quoting budi_838
Yes, at FxOpen i use 04.30
ok
what time is it now in fx open?is 9:41?
  • #56
  • Jun 6, 2008 1:52am Jun 6, 2008 1:52am
Quoting rzamany
ok
what time is it now in fx open?is 9:41?
Almost 10.00, about 09.53
  • #57
  • Jun 6, 2008 1:58am Jun 6, 2008 1:58am
Quoting budi_838
Almost 10.00, about 09.53
ok then you use 2:30 gmt
gmt is now 8:01
my broker time is gmt +1 then 3:30
your broker time is gmt+2 then 4:30
thanks
  • #58
  • Jun 6, 2008 2:28am Jun 6, 2008 2:28am
Quoting rzamany
ok then you use 2:30 gmt
gmt is now 8:01
my broker time is gmt +1 then 3:30
your broker time is gmt+2 then 4:30
thanks
GMT is 7:27
UK is 8:27
CET is 9:27
so he uses 1:30 GMT
  • #59
  • Jun 6, 2008 2:41am Jun 6, 2008 2:41am
Im not so sure its a good idea to have pending orders or open positions before NFP today. a fast move would make it very difficult to manage the trade and slippage may cause problems also
BTC Return This Year: na
  • #60
  • Jun 6, 2008 5:15am Jun 6, 2008 5:15am
Quoting M.A.C.Doug
Im not so sure its a good idea to have pending orders or open positions before NFP today. a fast move would make it very difficult to manage the trade and slippage may cause problems also
I think so, but we can try it, we can try in demo if we not sure, if the system can also handle the NFP day, it will very good for us.
We'll see.
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