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

  • #241
  • Sep 4, 2008 11:27am Sep 4, 2008 11:27am
Hey Bull,
Love your indicator, but it looks like you have to reload it every morning?
Also, if we wanted to change our box to 7:00 - 9:15 instead of 7 - 9, it doesn't appear that we can? The box length takes only full numbers, looks like we'd need 2.25 for the length?
  • #242
  • Sep 4, 2008 11:27am Sep 4, 2008 11:27am
Quoting Eureka
Thanks for the system and taking the time to answer the many questions to clarify the rules.

I'm not clear on one issue. If you have a Buy trade and a win of 10 pips, do you get back in another Buy trade the same day or are you finished with that currency for the day unless it reverses and hits your Sell order?

I hope my question makes sense.

TIA.

Carol
Hi Carol

If the trend and movement is a strong one... I will stay in the trade. If it is slow in movement, I grab my 10 pips and stay out of any trades in the same direction. If it reverses and goes in the opposite direction (before 3 pm est), I will jump in it as a brand new trade and apply the same rules. I do extremely well with lot sizes where all I am really shooting for is 10 pips.

I trade another system that is very profitable and I will be releasing it in a new journal shortly.

Let me know if you have any other questions Carol.

Have a great day!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #243
  • Sep 4, 2008 11:28am Sep 4, 2008 11:28am
Carol, typically on breakout type systems like this one, you would only have a maximum of one trade in each direction. Because once the price has broken that point and made profit once and then come all the way back, there is a lesser chance it will do so again, so it would be a risky trade.

Scott

Quoting Eureka
Thanks for the system and taking the time to answer the many questions to clarify the rules.

I'm not clear on one issue. If you have a Buy trade and a win of 10 pips, do you get back in another Buy trade the same day or are you finished with that currency for the day unless it reverses and hits your Sell order?

I hope my question makes sense.

TIA.

Carol
Prices are never too high to begin buying or too low to begin selling.
  • #244
  • Sep 4, 2008 11:32am Sep 4, 2008 11:32am
This pair was excellent today, sold at 108.01, TP3 at 107.56... 45 pips win.
Attached Image (click to enlarge)
Click to Enlarge Name: uj0903.gif Size: 18 KB
  • #245
  • Sep 4, 2008 11:33am Sep 4, 2008 11:33am
Thanks, CTGUY and thehenryfam. Now it's clear.

And yes, I do have one more question. Which pairs do you trade this breakout on?

TIA.

Carol
  • #246
  • Sep 4, 2008 11:34am Sep 4, 2008 11:34am
Quoting CTGUY
Thanks for your great imput.. question, are you using the mt4 toolbar fib button to draw your fibs or are you using a special indicator my friend?

Yes, I am using the MT4 FIB tool. I added other levels that it did not have in it. I am working on coding it into the box indicator.
- SAFE TRADING MONEY DUCK
  • #247
  • Sep 4, 2008 11:35am Sep 4, 2008 11:35am
Here is another good trade, sold at 1.7799 closed at 1.7739 (TP3) another 45 pips won.

(the long trade wasn't open just for 1 pip)
Attached Image (click to enlarge)
Click to Enlarge Name: gu0903.gif Size: 16 KB
  • #248
  • Sep 4, 2008 11:37am Sep 4, 2008 11:37am
Again long at 1.0630, TP2 reached at 1.0660, for now 30 pips win..
Attached Image (click to enlarge)
Click to Enlarge Name: cad0903.gif Size: 17 KB
  • #249
  • Sep 4, 2008 11:38am Sep 4, 2008 11:38am
Quoting Bull
Here is another good trade, sold at 1.7799 closed at 1.7739 (TP3) another 45 pips won.

(the long trade wasn't open just for 1 pip)
Bull, can you post the indicators and template
  • #250
  • Sep 4, 2008 11:39am Sep 4, 2008 11:39am
Thank you for your words.

Please, give some time, I'll try to do something better for today.

Quoting tazmaan
Hey Bull,
Love your indicator, but it looks like you have to reload it every morning?
Also, if we wanted to change our box to 7:00 - 9:15 instead of 7 - 9, it doesn't appear that we can? The box length takes only full numbers, looks like we'd need 2.25 for the length?
  • #251
  • Sep 4, 2008 11:39am Sep 4, 2008 11:39am
Quoting Eureka
Thanks, CTGUY and thehenryfam. Now it's clear.

And yes, I do have one more question. Which pairs do you trade this breakout on?

TIA.

Carol
Hey Carol... I only trade the GBP/USD. I have another system that I am testing for a programmer that is very profitable and keeping me on my toes since I trade 15 currency pairs at that same time. I am interested in adding more currency pairs to my system starting next week.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #252
  • Sep 4, 2008 11:42am Sep 4, 2008 11:42am
Hi Haijudubai,

Here is the Indicator, but I making another one (I hope better), but for the mind time here you're.


Quoting shaijudubai
Bull, can you post the indicators and template
Attached File(s)
File Type: mq4 NewYorkBox.mq4   18 KB | 1,751 downloads
File Type: tpl 1new york box.tpl   12 KB | 1,779 downloads
  • #253
  • Sep 4, 2008 11:45am Sep 4, 2008 11:45am
Thanks again, CTGUY.

Can't wait to see the other system you're talking about. A double whammy!! Fantastic!

May your account overflow with pips.

:-)

Carol
  • #254
  • Sep 4, 2008 11:57am Sep 4, 2008 11:57am
Here are my Indi Momentum ZL 10,and the MTF Waddah Attar Indi your look at the Metatrader Editor.
Good Luck
Best Regards
Attached File(s)
File Type: mq4 Momentum-ZL.mq4   2 KB | 1,066 downloads
File Type: mq4 Momentum-Multi.mq4   3 KB | 1,072 downloads
  • #255
  • Sep 4, 2008 12:02pm Sep 4, 2008 12:02pm
I know that a Breakout system isn't a perfect system, but it's a good strategy, like many others.

I'm trying to test, during this month, and I think that at the end we can see what we can do with this strategy.

We've many filters that we can use in this kind of system such as:

  1. Remove all pending orders at a fixed time (ie. at US market close).-
  2. Use or not the OCO rule (I'm personally don't use).-
  3. Only set orders following the Main Trend (such as if in 4hr TF the price is above 60 EMA, set only a buy stop order; or if the AO is positive or negative but coming up, again only set for long, etc. etc etc.)


What it's better... forward testing will give us the answer.

Same thing with the SL. I'm personally use "the other side" of the box, but it's better than use 30 pips or 20 or 50? I don't know, again I think that testing we'll find the right answer.

This is my point of view, I just hope to help.

  • #256
  • Sep 4, 2008 12:03pm Sep 4, 2008 12:03pm
Thanks Carol for the kind works.

Bull and November, I immensely appreciate your sharing your templates.

George
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #257
  • Sep 4, 2008 12:19pm Sep 4, 2008 12:19pm
Hi George, I just post a few minutes ago

http://www.forexfactory.com/showpost...&postcount=252

Hope that can help you. And also please let me know when you share your system with as. Thank you in advance.

Bull


Quoting CTGUY
Thanks Carol for the kind works.

Bull and November, I immensely appreciate your sharing your templates.

George
  • #258
  • Sep 4, 2008 12:27pm Sep 4, 2008 12:27pm
Quoting Bull
Hi George, I just post a few minutes ago

http://www.forexfactory.com/showpost...&postcount=252

Hope that can help you. And also please let me know when you share your system with as. Thank you in advance.

Bull
Thank you my good friend. I wish you a great day!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #259
  • Sep 4, 2008 12:28pm Sep 4, 2008 12:28pm
Here are my Template,the Indi MTF Waddah Explotuion look at the Metatrader Editor.
Best Regards
Attached File(s)
File Type: tpl gu breakout.tpl   28 KB | 1,459 downloads
File Type: mq4 Momentum-ZL.mq4   2 KB | 1,113 downloads
File Type: mq4 Momentum-Multi.mq4   3 KB | 1,087 downloads
  • #260
  • Sep 4, 2008 12:37pm Sep 4, 2008 12:37pm
Quoting CTGUY
Thank you my good friend. I wish you a great day!
HI CTGUY,

Thanks for sharing this system to me, please let me know if your disappointed about me sharing it (I don't know whats the harm, it could only get better with several heads working on the strategy).

BTW, i was all drunk and asleep and missed today's big dog, but hey im very happy i already had sell positions over EURUSD, AUDUSD, GBPUSD, NZDUSD and a buy over USDCHF looking at the 4hour trend early when market starts.

NZDUSD = +77
GBPUSD = +84
AUDUSD = +89
EURUSD = +161
USDCHF = +35
Total of around +460pips today.
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