Triangular Breakout System | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Triangular Arbitrage 16 replies

Triangular Correlation 4 replies

Nerr Smart Trader - Triangular Arbitrage Trading System 17 replies

Triangular Moving Average Ind, please 3 replies

Hedge-ring/triangular/basket 1 reply

Attachments: Triangular Breakout System
Exit Attachments

Triangular Breakout System

  • #101
  • Jun 15, 2008 5:50am Jun 15, 2008 5:50am
Quoting iras
Good EA. Thanx a lot for sharing with us mortal. May we get more profit from this FX trading.

One question: I read thru your program is that the porgram seem to execute at 1.30 am GMT. But I suppose that they have this situation call Day Light Saving or something that make the time in UK currently at 2.30 am. Do you have nay problem currently cos of this?

My 2 pips.......
Thats probably a question for Budi 838 to answer, I just put 1.30am gmt because that was the rules. I am in the southern hemisphere and I hadn't even given daylight saving a thought.

Even though the ea won't backtest properly, which ever currency it is applied to in the backtester will work ok so it could be tested to find the optimum time to set orders.
  • #102
  • Jun 15, 2008 5:49pm Jun 15, 2008 5:49pm
Quoting waltini1
Thats probably a question for Budi 838 to answer, I just put 1.30am gmt because that was the rules. I am in the southern hemisphere and I hadn't even given daylight saving a thought.

Even though the ea won't backtest properly, which ever currency it is applied to in the backtester will work ok so it could be tested to find the optimum time to set orders.


130am gmt is always 1.30GMT and that comes from the metatrader software
so daylight savings is not an issue.
  • #103
  • Jun 15, 2008 7:00pm Jun 15, 2008 7:00pm
Hi everybody! Good day. Hopefully this week will bring more PIPS. Another question for Waltini1 . Since the EA are using 3 separate charts the EU, UJ and EJ. Do we have to load the EA on all these charts or only on one chart e.g EU? I guess that you have mentioned about this before cos I just need real clarification. TQ
Oh Lord! Give me more PIPs
  • #104
  • Jun 15, 2008 7:18pm Jun 15, 2008 7:18pm
Quoting Perky
130am gmt is always 1.30GMT and that comes from the metatrader software
so daylight savings is not an issue.
Maybe when Budi mention 130 GMT he meant that the volatility of the traders involving in reaching for the PIPS.

Because whenever he mentioned the values at 130am gmt for my system I look at 230 gmt. Does this mean I have to ammend the program for 230am GMT? Tq
Oh Lord! Give me more PIPs
  • #105
  • Jun 16, 2008 5:27am Jun 16, 2008 5:27am
Todays Orders:

Triangle 1: EUR-USD-JPY
8.47 GMT opened on EU, still running. Buy @ 1.5438 (including 2 pips spread), TP @ 1.5448.
Pending orders:
USDJPY, Buystop @ 108.90 (including 2pips spread), TP @ 109.00
EURJPY, Sellstop @ 1.6625, TP @ 1.6615

Triangle 2: GBP-USD-CHF
6.32 GMT opened on GU, 1 minute later closed with 10 pips profit. Can't get much better! Buy @ 1.9545 (including 3 pips spread), TP @ 1.9555

Again today triangle 2 is performing better. Im recording everything in an excel that I'll update and post each Friday.

Re times. If you press Ctrl+M then you'll see "Market Watch". In the top you will see the time that your broker is operating on (Metatrader brokers that is). The time in the UK is now 11.25 and UK is GMT +1 in the summer time (so GMT and UK time is the same in the winter and I'll have to adjust to that then). My broker's time says 12.25 so to get the 0130 GMT bar I'll look at the 0330 GMT. Hope this is clear.
  • #106
  • Jun 16, 2008 5:40am Jun 16, 2008 5:40am
gbp/usd andeur/usd tenpips each
  • #107
  • Jun 16, 2008 5:51am Jun 16, 2008 5:51am
Quoting NowAndLater
Todays Orders:

Triangle 1: EUR-USD-JPY
8.47 GMT opened on EU, still running. Buy @ 1.5438 (including 2 pips spread), TP @ 1.5448.
Pending orders:
USDJPY, Buystop @ 108.90 (including 2pips spread), TP @ 109.00
EURJPY, Sellstop @ 1.6625, TP @ 1.6615

Triangle 2: GBP-USD-CHF
6.32 GMT opened on GU, 1 minute later closed with 10 pips profit. Can't get much better! Buy @ 1.9545 (including 3 pips spread), TP @ 1.9555

Again today triangle 2 is performing better. Im recording everything in an excel that I'll update and post each Friday.

Re times. If you press Ctrl+M then you'll see "Market Watch". In the top you will see the time that your broker is operating on (Metatrader brokers that is). The time in the UK is now 11.25 and UK is GMT +1 in the summer time (so GMT and UK time is the same in the winter and I'll have to adjust to that then). My broker's time says 12.25 so to get the 0130 GMT bar I'll look at the 0330 GMT. Hope this is clear.
EURUSD reached at 10.36 GMT, nice start to the week.
  • #108
  • Jun 16, 2008 5:54am Jun 16, 2008 5:54am
Hi NowandLater,

I am just trialling the original triangle with IBFX and had the same prices as you which has just closed for a 10 pip profit.

I want to see what happens when it goes wrong, guess I will just have to wait.
  • #109
  • Jun 16, 2008 6:00am Jun 16, 2008 6:00am
Quoting waltini1
Hi NowandLater,

I am just trialling the original triangle with IBFX and had the same prices as you which has just closed for a 10 pip profit.

I want to see what happens when it goes wrong, guess I will just have to wait.
Yeah I'm waiting for that as well (one smaller problem last week with the EUJ triangle but that worked out fine in the end). I really like the GUC triangle, but will have to wait and see.
  • #110
  • Jun 16, 2008 9:03am Jun 16, 2008 9:03am
got mine on eurusd
not doing the gbp menage a trois
(demo) just yet



works really reliably softwarewise
  • #111
  • Jun 17, 2008 3:30am Jun 17, 2008 3:30am
Quoting waltini1
For those of you that like to use an ea I have added some more bells and whistles to this version.
I've made some changes to this EA so that it takes the open price of the 0130GMT M30 candle. Set the open trade time in the EA Inputs. 0130GMT is 0230 UK time (BST), 21.30 EST and 0330 CET (most of Europe). So if your broker is on CET set the open trade time to 330 (not 3.30!). One EA for each triangle. In the comments it also shows the maxdrawdown.
Attached File(s)
File Type: mq4 Budi 838 Triangular EA v2-GUC.mq4   9 KB | 437 downloads
File Type: mq4 Budi 838 Triangular EA v2-EUJ.mq4   9 KB | 435 downloads
  • #112
  • Jun 17, 2008 4:59am Jun 17, 2008 4:59am
GUC Triangle
GBPCHF opened 7.22GMT and reached profit 7.29GMT. This game is easy

EUJ Triangle yet to trigger, pending orders:
EU: Buystop @ 1.5558
UJ: Buystop @ 108.51
EJ: Sellstop @ 166.91

Again GUC triangle is outperforming, is this a long-term or short-term trend?
  • #113
  • Edited 7:29am Jun 17, 2008 7:03am | Edited 7:29am
@ Waltini

I think we have a small bug in the EA. If you place the EA on the chart after the EA predefined trading time it will open the trades anyway. The EA should only open the pending orders at the specified time?

Edit: My suggestion is to incorporate code that will check if price has exceeded open price +/- 50 pips on all three pairs. If one of the pairs has exceeded the +/- 50 pips then no trades are opened for that trading day.

Thanks in advance,

TimeFreedom

Quoting waltini1
For those of you that like to use an ea I have added some more bells and whistles to this version.
  • #114
  • Jun 17, 2008 7:41am Jun 17, 2008 7:41am
Quoting TimeFreedom
@ Waltini

I think we have a small bug in the EA. If you place the EA on the chart after the EA predefined trading time it will open the trades anyway. The EA should only open the pending orders at the specified time?

Edit: My suggestion is to incorporate code that will check if price has exceeded open price +/- 50 pips on all three pairs. If one of the pairs has exceeded the +/- 50 pips then no trades are opened for that trading day.

Thanks in advance,

TimeFreedom
It's a good idea, I'll look into that this evening.
  • #115
  • Jun 17, 2008 8:34am Jun 17, 2008 8:34am
Hi Waltini, and great work on the EA! Nice addition suggested by TimeFreedom, although it isn't really a bug... Waltini was very clear about that issue in releasing his EA...

Also, I think the GBP triangle uses 50p for the GU and the USDCHF, but 75 for the GBPCHF. You already have the input for setting the offset, so you are mostly there!! Perhaps... could we get inputs for Offset1, Offset2, Offset3, which would match your Curr1, Curr1, Curr3? Then, we could set the entry points at 50, 50, 75 (or whatever we want) for the GBP triangle???

Thanks again, EA is very solid, no issues at all in over 2 weeks live....
  • #116
  • Edited 9:04am Jun 17, 2008 8:43am | Edited 9:04am
Quoting mrkam
Hi Waltini, and great work on the EA! Nice addition suggested by TimeFreedom, although it isn't really a bug... Waltini was very clear about that issue in releasing his EA...

Also, I think the GBP triangle uses 50p for the GU and the USDCHF, but 75 for the GBPCHF. You already have the input for setting the offset, so you are mostly there!! Perhaps... could we get inputs for Offset1, Offset2, Offset3, which would match your Curr1, Curr1, Curr3? Then, we could set the entry points at 50, 50, 75 (or whatever we want) for the GBP triangle???

Thanks again, EA is very solid, no issues at all in over 2 weeks live....
Please look at my changes to the EA above. I have posted one EA for each triangle, and although it says 50 pips in the GBPUSDCHF EA it's 75 for the GBPCHF (this is fixed in the code and can't be changed without going in the code, that means "50" only changes difference in pips from openprice for GBPUSD and USDCHF. And they only look at price that is the open price of the 0130GMT.
  • #117
  • Jun 17, 2008 9:09am Jun 17, 2008 9:09am
Ahh, you beat me to it!!! I just saw that in the code, and went to modify my post accordingly... Very cool.. and you picked up the detail already! I will trade these next session, but am sure they will function just fine!

Thanks again, really.... I have developed a handful of EAs, some for similar types of forums for free (well, it cost me $$ for my programmer, but offered them free on the forums...), so I know full well your position when all of us ying-yocks want to add this and that!! Good job, and THANKS.
  • #118
  • Jun 17, 2008 9:15am Jun 17, 2008 9:15am
Quoting mrkam
Ahh, you beat me to it!!! I just saw that in the code, and went to modify my post accordingly... Very cool.. and you picked up the detail already! I will trade these next session, but am sure they will function just fine!

Thanks again, really.... I have developed a handful of EAs, some for similar types of forums for free (well, it cost me $$ for my programmer, but offered them free on the forums...), so I know full well your position when all of us ying-yocks want to add this and that!! Good job, and THANKS.
No pro bro
  • #119
  • Jun 17, 2008 9:24am Jun 17, 2008 9:24am
PS!!! I just applied the EAs to the charts, just now, and both set up the pending trades immediately... (time setting is 430, which is 130GMT for FXDD, which is GMT+3....)

They should wait for the 130 bar open, right? At any rate, I will leave them off until after new day...
  • #120
  • Jun 17, 2008 9:31am Jun 17, 2008 9:31am
Quoting mrkam
PS!!! I just applied the EAs to the charts, just now, and both set up the pending trades immediately... (time setting is 430, which is 130GMT for FXDD, which is GMT+3....)

They should wait for the 130 bar open, right? At any rate, I will leave them off until after new day...
Well thats todays trades. The EUJ-triangle is still active, dont put on the other EA yet because that has already done it's job. Put it on in say 10 hours or so. After the first day the EA automatically closes all trades after a profit is reached and will not open and pending orders for the rest of that day and will instead wait for the the daily open to occur. So for now remove the GUC-EA.
0 traders viewing now