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Weekly Gbpjpy Breakout System

  • #421
  • Jun 27, 2008 3:01am Jun 27, 2008 3:01am
Im stopped out on both trades. My first loosing week.
  • #422
  • Jun 27, 2008 3:06am Jun 27, 2008 3:06am
Yep. Double whammy.

That's 23 winning weeks and 3 losing weeks this year.
The 3 losing weeks each had 2 losses.
So trade wise its 23 W- 6L
  • #423
  • Jun 27, 2008 4:14pm Jun 27, 2008 4:14pm
06/22/08 - 06/27/08
0W - 1L
-4% down
  • #424
  • Jun 27, 2008 4:44pm Jun 27, 2008 4:44pm
Can anyone please post the buy and sell orders for the coming week?
  • #425
  • Jun 27, 2008 6:17pm Jun 27, 2008 6:17pm
Bill, can you post how many pips total gain?
thanks,
have a nice weekend guys.
  • #426
  • Jun 27, 2008 6:26pm Jun 27, 2008 6:26pm
Quoting poliforex
Bill, can you post how many pips total gain?
thanks,
have a nice weekend guys.
I don't measure pips.
I measure wins and losses. Each win is +2% of the account and each loss is -2%.
I can go back and see the results of compounding since the 1st of the year. I'll try to post that tomorrow.
  • #427
  • Jun 27, 2008 6:33pm Jun 27, 2008 6:33pm
Quoting pino2
Can anyone please post the buy and sell orders for the coming week?
For next week- assuming 9 pip spread.


BUY STOP = 212.21
SL = 210.95
TP = 213.47

SELL STOP = 210.95
SL = 212.21
TP = 209.69
  • #428
  • Jun 27, 2008 8:29pm Jun 27, 2008 8:29pm
Bill, I notice that on the first trade you set the TP to the size of the channel. Now if your first trade fails will you set the TP for the 2nd trade to 2x the size of the channel?
Also, do you risk 1% or 2% per trade?
  • #429
  • Jun 28, 2008 7:55am Jun 28, 2008 7:55am
Quoting nikim
Bill, I notice that on the first trade you set the TP to the size of the channel. Now if your first trade fails will you set the TP for the 2nd trade to 2x the size of the channel?
Also, do you risk 1% or 2% per trade?
Yes. If the first trade fails, I set the TP to 2x the channel.

I am risking 2%.
  • #430
  • Jun 28, 2008 3:55pm Jun 28, 2008 3:55pm
With some variation, I have 1348 pips, since 02/03/08 to the date.

A good MM is very important here. We must be prepared for a drawdown. But I hope that this does not happen ever.

green pips for all.
  • #431
  • Jun 28, 2008 5:41pm Jun 28, 2008 5:41pm
KFX do you mind sharing what those variations are?
  • #432
  • Jun 28, 2008 11:18pm Jun 28, 2008 11:18pm
Quoting billbss
For next week- assuming 9 pip spread.


BUY STOP = 212.21
SL = 210.95
TP = 213.47

SELL STOP = 210.95
SL = 212.21
TP = 209.69

bill,

can u post how it calculate...since i cant get the exact result..Thanks
  • #433
  • Jun 29, 2008 6:58am Jun 29, 2008 6:58am
Quoting 99lee
bill,

can u post how it calculate...since i cant get the exact result..Thanks
Taking the last two 4H bars (Friday) from North Finance

H= 212.11
L= 210.96
Range = 115 pips.
That's >100. We don't have to go back another bar.

Add 1 pip + spread(9 pips) to the H for BUY STOP.

BUY STOP = 212.21

Subtract 1 pip from the L for SELL STOP.

SELL STOP = 210.95

BUY STOP - SELL STOP = 126 pips

BUY STOP + 126 = TP (buy) = 213.47
SELL STOP - 126 = TP (sell) = 209.69

So:

BUY STOP = 212.21
SL= 210.95
TP = 213.47

SELL STOP = 210.95
SL = 212.21
TP = 209.69
  • #434
  • Jun 29, 2008 9:22am Jun 29, 2008 9:22am
Quoting nikim
KFX do you mind sharing what those variations are?
Only give you a small clue. ADX.

Now BackTest 2005,2006 and 2007.
  • #435
  • Jun 29, 2008 9:40am Jun 29, 2008 9:40am
Quoting Kfx
Only give you a small clue. ADX.

Now BackTest 2005,2006 and 2007.
now the indi come in plays
what is the setting KFX?
ADX(14) or 21?
  • #436
  • Jun 29, 2008 9:52am Jun 29, 2008 9:52am
Quoting bujal38
now the indi come in plays
what is the setting KFX?
ADX(14) or 21?
Backtest my friend, backtest .... Is not 14 and is not 21. Too you have to find the timeframe.
  • #437
  • Jun 29, 2008 12:51pm Jun 29, 2008 12:51pm
Here's a calculator in Excel I put together. If the channel doesn't equal 100 pips, you will need to add these values into spreadsheet numbers to make it equal 100. If a member knows the formula to add this feature than please do so. I am also attaching a market-value indicator that shows pip value in USD so you can plug this into the mm table.
Attached File(s)
File Type: xls breakout calculator.xls   49 KB | 675 downloads
File Type: mq4 Market-Value.mq4   3 KB | 532 downloads
  • #438
  • Jun 29, 2008 5:01pm Jun 29, 2008 5:01pm
Quoting billbss
Taking the last two 4H bars (Friday) from North Finance

H= 212.11
L= 210.96
Range = 115 pips.
That's >100. We don't have to go back another bar.

Add 1 pip + spread(9 pips) to the H for BUY STOP.

BUY STOP = 212.21

Subtract 1 pip from the L for SELL STOP.

SELL STOP = 210.95

BUY STOP - SELL STOP = 126 pips

BUY STOP + 126 = TP (buy) = 213.47
SELL STOP - 126 = TP (sell) = 209.69

So:

BUY STOP = 212.21
SL= 210.95
TP = 213.47

SELL STOP = 210.95
SL = 212.21
TP = 209.69

hi bill, everebody..

i checked a setup.. look right to me, but i have got right now spread 10 pips (NF).. so can we just make a "RULE" and use since now on 9 pips no matter what...???
Veni, vidi, vici...
  • #439
  • Jun 29, 2008 5:04pm Jun 29, 2008 5:04pm
Quoting sikacek
hi bill, everebody..

i checked a setup.. look right to me, but i have got right now spread 10 pips (NF).. so can we just make a "RULE" and use since now on 9 pips no matter what...???
I would use my actual spread. It probably won't make much difference- 1 pip. Whatever you think.

Is 10 your normal spread?

Usually the spread is more than normal on the Sunday open, to cover gaps. Mine is 10 right now, but it will go back to 9 in an hour or so.
  • #440
  • Jun 29, 2008 5:09pm Jun 29, 2008 5:09pm
Quoting lcfxtrader
Here's a calculator in Excel I put together. If the channel doesn't equal 100 pips, you will need to add these values into spreadsheet numbers to make it equal 100. If a member knows the formula to add this feature than please do so. I am also attaching a market-value indicator that shows pip value in USD so you can plug this into the mm table.


thx for a excel calculator... really nice... make my life easier ..
Veni, vidi, vici...
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