And... your my inspiration. Hope i can one day go with the 50lot trades like you do, but for now its far from reality and just a dream 4 me
7am-9am Big Dog USD Breakout Strategy
- #286
- Sep 5, 2008 12:22am Sep 5, 2008 12:22am
Hello Folks,
Attached is an EA that I got from another thread on this forum (do a forum search for "Daily95Pips").
Here's what the EA does:
It opens 3 long & 3 short pending orders with progressive TP points (ie: 15, 30, 50) at a certain hour every day.
It will automatically move your SL to break even after the first TP has been hit.
It looks back "X" number of bars, you tell it how many. In this strategy with a 15 minute chart you input 8 as the number of bars to look back. You can set it to place orders a certain number of pips away from the high & low (or set it to zero if you want---this is the "margin" tab inside the EA inputs).
It has the ability to institute a trailing stop on the last (largest) order.
It has a "Risk" tab that I always set to zero, and it has a "Fixed Lots" tab that I use to determine each trade size.
You can tell it to cancel un-executed trades after a set number of bars.
You can set OCO to true or false....up to you how you do that......I leave it at true.
When you look at the inputs it will say hours, as it was designed for a 1 hour chart, but it will work on a 15M chart, just keep in mind that if you tell it 8 hours it will only be 8 X 15 minutes which is of course only 2 hours.
Also, the EA is named IBFX Fall (as in Autumn) Version, but don't let that put you off if you aren't using IBFX. It should work on any MT4 platform.
Now, if we could get one of our kind programmers to tweak it a bit further, so that it can consider whether the range is (no greater than 50-60 pips) acceptable before it places orders and perhaps do a few other tweaks to make it more effective, well, that would be nice
.
I really like this EA in that it will set the SL to break even after the first small TP has been hit.
Cheers,
Jay
Attached is an EA that I got from another thread on this forum (do a forum search for "Daily95Pips").
Here's what the EA does:
It opens 3 long & 3 short pending orders with progressive TP points (ie: 15, 30, 50) at a certain hour every day.
It will automatically move your SL to break even after the first TP has been hit.
It looks back "X" number of bars, you tell it how many. In this strategy with a 15 minute chart you input 8 as the number of bars to look back. You can set it to place orders a certain number of pips away from the high & low (or set it to zero if you want---this is the "margin" tab inside the EA inputs).
It has the ability to institute a trailing stop on the last (largest) order.
It has a "Risk" tab that I always set to zero, and it has a "Fixed Lots" tab that I use to determine each trade size.
You can tell it to cancel un-executed trades after a set number of bars.
You can set OCO to true or false....up to you how you do that......I leave it at true.
When you look at the inputs it will say hours, as it was designed for a 1 hour chart, but it will work on a 15M chart, just keep in mind that if you tell it 8 hours it will only be 8 X 15 minutes which is of course only 2 hours.
Also, the EA is named IBFX Fall (as in Autumn) Version, but don't let that put you off if you aren't using IBFX. It should work on any MT4 platform.
Now, if we could get one of our kind programmers to tweak it a bit further, so that it can consider whether the range is (no greater than 50-60 pips) acceptable before it places orders and perhaps do a few other tweaks to make it more effective, well, that would be nice
.I really like this EA in that it will set the SL to break even after the first small TP has been hit.
Cheers,
Jay
- #296
- Sep 5, 2008 4:50am Sep 5, 2008 4:50am
- | Commercial User | Joined Mar 2008 | 9,075 Posts
Guys,
If you have questions, the best guy to ask is CTGUY, more than me. Ive just used what he taught me and as you can see from his signature. He is the successful mentor of me.
He has real experience on this breakout strategy and works with astronomical lots like 50-100lots at a time using this.
He also has something better in store that he will announce on his own will and im desperately waiting on it.
Good luck all and if your unsure of tomorrow, the best Idea would be to skip NFP and work the next week.
Good NFP = USD on uptrend all month , as i believe
Bad NFP = USD on downtrend all month.
sonic
Many traders will tell you that the NFP will move very fast and is unpredictable and can't be predicted using the Big Dog System. If your using the system and the NFP jumps against you, please don't blame the system. The trading system had nothing to do with your win or loss for today.
As soon as my current trade is completed, I am making this the start of my weekend. The NFP only gives you a 50/50 chance of profiting and I am not interested in those odds.
So NFP trading is a strict NONO for me.
My Big Dog Screen.
hi dznmrd, Not everyone can do this,many do for money while some don't even bother u make money or not.It only those with the GIFT OF GIVING from GOD that can do by sharing what they have cos they have the passion,love and they are always happy in sharing with people to be able to make money, to earn a living. Just imagine what u did dznmrd, someone share this system with u and u quickly share also with people not even care what will be the consequences, that is the gift am talking about and not excluding those that has contribute also, it been great of u guys (Sonic, bull etc). it will be great also if RR can come on with an EA too, that is another guy that love to share. Thanks. Nerry.
Thanks for you kind words, i only hope that credits go out to the people who invented this strategy, rather than ones who introduced this strategy to others,
Hope all of you will also share whatever you discovered that works with us,
