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Attachments: 7am-9am Big Dog USD Breakout Strategy
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7am-9am Big Dog USD Breakout Strategy

  • #61
  • Sep 1, 2008 9:47am Sep 1, 2008 9:47am
Quoting 555ngone
Those should be the right settings, The way sonic has them in his template.
Many thanks for your help.

Harry
  • #62
  • Sep 1, 2008 12:57pm Sep 1, 2008 12:57pm
First of all I want to Thank you for share your easy system.

Here is another pictures for today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 17 KB
Click to Enlarge Name: usdcad.gif Size: 17 KB
Click to Enlarge Name: usdchf.gif Size: 17 KB
  • #63
  • Sep 1, 2008 1:41pm Sep 1, 2008 1:41pm
Quoting Bull
First of all I want to Thank you for share your easy system.

Here is another pictures for today

Bull, Can you share your indicators and template. I really like your screens.

Mitch
  • #64
  • Sep 1, 2008 1:51pm Sep 1, 2008 1:51pm
Hi Mitch, here is the Indicator, I hope that can help you.

The default value are following the rules (box between 7 to 9 am NYT) a Margin of 3 pips (above and below) the high and low for entry point, then 15 - 30 - 45 pips to profit, and the SL on the other side of the box.


Bull
Attached File(s)
File Type: mq4 NewYorkBox.mq4   18 KB | 5,720 downloads
  • #65
  • Sep 1, 2008 2:26pm Sep 1, 2008 2:26pm
Quoting Bull
Hi Mitch, here is the Indicator, I hope that can help you.

The default value are following the rules (box between 7 to 9 am NYT) a Margin of 3 pips (above and below) the high and low for entry point, then 15 - 30 - 45 pips to profit, and the SL on the other side of the box.


Bull
Thank you!!!!!
  • #66
  • Sep 1, 2008 3:15pm Sep 1, 2008 3:15pm
Looks like a great simple strategy...

Has it been backtested? how long?
Will it work on other pairs?
Is there a similar strategy for the London market?

I think this could be a real winner with some good MM strategies also.

Thank you!
  • #67
  • Sep 1, 2008 4:07pm Sep 1, 2008 4:07pm
i think today would have been a bad day to start testing .. havent looked closely yet but the breakouts all went bad today or iam wrong?
  • #68
  • Edited 7:45pm Sep 1, 2008 4:09pm | Edited 7:45pm
Looks that way to me. I am not trading with this particular strategy, but I have not been seeing positive results today. I think the lesson I have learned is not to trade when the US market is closed.
  • #69
  • Sep 1, 2008 6:10pm Sep 1, 2008 6:10pm
Quoting Bull
Hi Mitch, here is the Indicator, I hope that can help you.

The default value are following the rules (box between 7 to 9 am NYT) a Margin of 3 pips (above and below) the high and low for entry point, then 15 - 30 - 45 pips to profit, and the SL on the other side of the box.


Bull
Are you using InterbankFX with your NY Box indicator? It shows that the box begins at 13:00 and ends at 15:00 which is 9 AM to 11 AM NY TIME on the IBFX platform. How do I change it to 11:00 to 13:00 to follow the system's rule 7AM to 9AM NY TIME?

Thanks!
  • #70
  • Sep 1, 2008 6:13pm Sep 1, 2008 6:13pm
Quoting sonicdeejay
Here is my GU pending orders!!! I add +/- 3 pips for clearance...Sl at each other side...
All with trail stop +25 pips...

What pair u r trading??
http://forexfactory.com/attachment.p...1&d=1220274318

sonic
Didn't work well in GBP/USD last nite..due to the box side is too small??
Anyway,,look lik a winning system to me...
Will test for more...

sonic
Attached Image
  • #71
  • Sep 1, 2008 6:18pm Sep 1, 2008 6:18pm
Quoting FXHOUND
Are you using InterbankFX with your NY Box indicator? It shows that the box begins at 13:00 and ends at 15:00 which is 9 AM to 11 AM NY TIME on the IBFX platform. How do I change it to 11:00 to 13:00 to follow the system's rule 7AM to 9AM NY TIME?

Thanks!
If you double click on the indicator in your drop down menu and click on the 'inputs' tab you can change the end time to any you like. The box length is set to 2 hours already (the option below box end) so the start time changes automatically.
  • #72
  • Sep 1, 2008 7:02pm Sep 1, 2008 7:02pm
This indicator is great! Thanks for all the hard work.
txtaz
  • #73
  • Sep 1, 2008 7:48pm Sep 1, 2008 7:48pm
The settings are for NY 7am-9am, would this mean I need to set the indicator for 12pm - 2pm on Alpari in the UK, is that correct?

Also, would it be possible for someone to post a short rundown on how and why this will work (or at least is intended to work). Whether it makes money or not, the most important thing for me is to understand the thinking behind it. Otherwise I am not learning, just entering numbers.

Thanks again for posting this by the way. Very interesting for us newbies!
  • #74
  • Sep 1, 2008 7:49pm Sep 1, 2008 7:49pm
This is a simple and good method. I will try it. I'm also have a simple breakout method for USD pairs. GBP/USD and EUR/USD. The method its quite similar but a little bit different. However i can't wait to try this method soon.

Thanks
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #75
  • Sep 1, 2008 7:59pm Sep 1, 2008 7:59pm
Quoting Yngwie
This is a simple and good method. I will try it. I'm also have a simple breakout method for USD pairs. GBP/USD and EUR/USD. The method its quite similar but a little bit different. However i can't wait to try this method soon.

Thanks
May I know the variant of the system that u have??

Sonic
  • #76
  • Sep 1, 2008 8:47pm Sep 1, 2008 8:47pm
Very interesting system/method! I traded a simliar one for the london open and would close trades before us open every day...should go back to it as it was profitable long term...drawdown periods but showed good steady progress...keep up the great work on this one everybody!!
  • #77
  • Sep 1, 2008 8:57pm Sep 1, 2008 8:57pm
Quoting learnerdavid
The settings are for NY 7am-9am, would this mean I need to set the indicator for 12pm - 2pm on Alpari in the UK, is that correct?

Also, would it be possible for someone to post a short rundown on how and why this will work (or at least is intended to work). Whether it makes money or not, the most important thing for me is to understand the thinking behind it. Otherwise I am not learning, just entering numbers.

Thanks again for posting this by the way. Very interesting for us newbies!

If u wanna know abt the time setting of ur broker...u can easily load "clock" indicator that attach in this POST and you do ur adjustment accordingly....


Sonic
  • #78
  • Sep 1, 2008 10:10pm Sep 1, 2008 10:10pm
Interesting little breakout strategy you got there Dznmrd...
  • #79
  • Sep 1, 2008 10:38pm Sep 1, 2008 10:38pm
Quoting sonicdeejay
If u wanna know abt the time setting of ur broker...u can easily load "clock" indicator that attach in this POST and you do ur adjustment accordingly....


Sonic
Sonicdeejay,

Thanks for the great indicator. This one really solves all my time zone
confusion. It even tells me the spread and my local time.

Harry
  • #80
  • Sep 1, 2008 11:11pm Sep 1, 2008 11:11pm
Quoting learnerdavid
The settings are for NY 7am-9am, would this mean I need to set the indicator for 12pm - 2pm on Alpari in the UK, is that correct?

Also, would it be possible for someone to post a short rundown on how and why this will work (or at least is intended to work). Whether it makes money or not, the most important thing for me is to understand the thinking behind it. Otherwise I am not learning, just entering numbers.

Thanks again for posting this by the way. Very interesting for us newbies!
Hi David,

Breakout happens for several reasons,

1, News releases
2, Banks correcting prices
3, US market open session (UK Market also open)

and finally, Its when the big dogs (Big investors) pounce into the market and make it volatile.

The strategy is only taking advantage of these reasons, we are simply trying to find a price range 1 hour before and after US market opens, later the price breakout in a certain direction and you get the easy pips

But remember that the strategy only makes up 50% of your decisions, the remaining 50% is up to you "The Trader". And also remember, more than anything that will make you money is your moneymanagement,

I suggest only trade 10% of your balance, that way your risks are also in the range of 10% of your balance, Say you are making 25pips target on 3 pairs daily, you've effectively made 2.5% x 3 = 7.5% gain everyday! And next day your 10% balance is greater and so you can earn a big amount of money by compounding effect

Forex market timez
http://www.2008.worldmarkethours.com/Forex/index.htm
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