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Weekly Gbpjpy Breakout System

  • #361
  • Jun 22, 2008 4:51pm Jun 22, 2008 4:51pm
right now it did trigger short, are you guys in yet?
we have news from uk and jp tonite
  • #362
  • Jun 22, 2008 5:08pm Jun 22, 2008 5:08pm
Quoting poliforex
right now it did trigger short, are you guys in yet?
we have news from uk and jp tonite
I'm in.
I've never worried about the news with this system.
  • #363
  • Jun 22, 2008 6:09pm Jun 22, 2008 6:09pm
Bill,

How are you already in? Is the data different for live and demo? The 20:00 candle (IBFX) shows a H:212.21 & L:211.80. Below is your NF data.


BUY = 212.97
Stop Loss = 211.69
Take Profit = 214.25

SELL = 211.69
Stop Loss = 212.97
Take Profit = 210.41
  • #364
  • Jun 22, 2008 6:16pm Jun 22, 2008 6:16pm
Quoting lcfxtrader
Bill,

How are you already in? Is the data different for live and demo? The 20:00 candle (IBFX) shows a H:212.21 & L:211.80. Below is your NF data.


BUY = 212.97
Stop Loss = 211.69
Take Profit = 214.25

SELL = 211.69
Stop Loss = 212.97
Take Profit = 210.41
On my IBFX, tonight's first 1H bar looked like this:

O = 211.69
H = 212.21
L= 211.68


I was late getting in. I got in at 211.80, because I wasn't watching it. I saw it had hit the breakout and was back in the channel. If I had been watching it I would have entered on the open. I was lucky in that respect.
  • #365
  • Jun 22, 2008 6:47pm Jun 22, 2008 6:47pm
Quoting poliforex
right now it did trigger short, are you guys in yet?
we have news from uk and jp tonite
I missed that.. I just came home.. just setup the entry and will be wait for triger... good luck all
Veni, vidi, vici...
  • #366
  • Jun 22, 2008 7:07pm Jun 22, 2008 7:07pm
Quoting billbss
Thank you for sharing this.
What are the results of your backtest from January?
Hi Billbss,
Please refer the attachment file as the result from Jan 2008 until last week.
Thanks.
  • #367
  • Jun 22, 2008 7:07pm Jun 22, 2008 7:07pm
Quoting billbss
On my IBFX, tonight's first 1H bar looked like this:

O = 211.69
H = 212.21
L= 211.68


I was late getting in. I got in at 211.80, because I wasn't watching it. I saw it had hit the breakout and was back in the channel. If I had been watching it I would have entered on the open. I was lucky in that respect.

I closed mine out at a 17 pip loss and reset the orders.

I made a mistake by entering. There wasn't actually a breakout. It opened at the breakout point, went down a pip, then turned up. It has never actually crossed the breakout line downwards.

Anyway- I payed a little for my mistake.
  • #368
  • Jun 22, 2008 7:09pm Jun 22, 2008 7:09pm
Quoting HLAng
Hi Billbss,
Please refer the attachment file as the result from Jan 2008 until last week.
Thanks.
Hi,
I don't see a file
  • #369
  • Jun 22, 2008 7:37pm Jun 22, 2008 7:37pm
the opening was 211.79 and went down to 211.44, i think it did trigger short, your thoughts guys? i am short at 211.95, i enter late
  • #370
  • Jun 22, 2008 7:42pm Jun 22, 2008 7:42pm
Quoting poliforex
the opening was 211.79 and went down to 211.44, i think it did trigger short, your thoughts guys? i am short at 211.95, i enter late
The opening price of which broker?
It wasn't the opening price of my broker. Mine opened it at 211.69
If it did open at 211.79 then it was a short breakout. You're right to be in it.
  • #371
  • Jun 22, 2008 7:44pm Jun 22, 2008 7:44pm
ibfx it is mine to.
  • #372
  • Jun 22, 2008 7:54pm Jun 22, 2008 7:54pm
Quoting poliforex
ibfx it is mine to.
Here's a chart from my IBFX platform.

The white arrow points to the opening bar for Sunday.
The yellow horizontal line is at the opening price. 211.69

If you have something different, they are putting out different data to different people, which they may be. We can only trade what we see.
Attached Image (click to enlarge)
Click to Enlarge Name: G-J.JPG Size: 239 KB
  • #373
  • Jun 22, 2008 8:08pm Jun 22, 2008 8:08pm
i know ibfx got to that price, but i thought we look at NF charts and go by that
  • #374
  • Jun 22, 2008 8:12pm Jun 22, 2008 8:12pm
Quoting poliforex
i know ibfx got to that price, but i thought we look at NF charts and go by that

We only look at NF charts to get the Friday bars. You trade on your brokers platform.
  • #375
  • Jun 22, 2008 8:16pm Jun 22, 2008 8:16pm
thanks bill.
  • #376
  • Jun 22, 2008 8:25pm Jun 22, 2008 8:25pm
It broke for real.
  • #377
  • Jun 22, 2008 8:37pm Jun 22, 2008 8:37pm
Quoting billbss
Hi,
I don't see a file
sorry i cannot attach the file. please refer here. Thanks.
Jan pip
2-4 150
7-11 100
14-18 150
21-25 50
28-1/2 -200

Feb
4-8 300
11-15 50
18-22 50
25-29 300

March
3-7 50
10-14 50
17-21 50
24-28 150

April
31/3-4 50
7-11 50
14-18 -200
21-25 50
28-2/5 50

May
5-9 150
12-16 150
19-23 -200
26-30 150

June
2-6 150
9-13 50
  • #378
  • Jun 22, 2008 8:39pm Jun 22, 2008 8:39pm
Quoting pino2
HLAng,
Thanks for sharing your system, but I guess that there is something wrong with the figures you posted above.

Your buy signal = 212.63 (High + 50 pips which means 212.13 + 50 pips to give us 212.63
and your sell signal = 212.20 (low - 50 pips which means 212.70 - 50 pips to give us 212.20

This means that low price was higher than high price!?
Can you please just check this?
sorry about this. is my mistake.
the actual entry buy is 212.63 and entry sell is 211.20
Thanks.
  • #379
  • Jun 22, 2008 8:42pm Jun 22, 2008 8:42pm
Quoting HLAng
sorry i cannot attach the file. please refer here. Thanks.
Jan pip
2-4 150
7-11 100
14-18 150
21-25 50
28-1/2 -200

Feb
4-8 300
11-15 50
18-22 50
25-29 300

March
3-7 50
10-14 50
17-21 50
24-28 150

April
31/3-4 50
7-11 50
14-18 -200
21-25 50
28-2/5 50

May
5-9 150
12-16 150
19-23 -200
26-30 150

June
2-6 150
9-13 50
That looks very good.
Do you take only one breakout a week?
Do you close Friday if it hasn't hit the TP or SL?
  • #380
  • Jun 22, 2008 8:44pm Jun 22, 2008 8:44pm
Quoting HLAng
sorry i cannot attach the file. please refer here. Thanks.
Jan pip
2-4 150
7-11 100
14-18 150
21-25 50
28-1/2 -200

Feb
4-8 300
11-15 50
18-22 50
25-29 300

March
3-7 50
10-14 50
17-21 50
24-28 150

April
31/3-4 50
7-11 50
14-18 -200
21-25 50
28-2/5 50

May
5-9 150
12-16 150
19-23 -200
26-30 150

June
2-6 150
9-13 50
Jan 250pip
Feb 700pip
March 300pip
April 0pip
May 250pip
June 350pip (until week 20/6/2008)
Total is 1850pip
good luck all
cheers.
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