7am-9am Big Dog USD Breakout Strategy

seems a stupid strategy but statistically it's very effective...interesting...

Hey all, first post.

First off I just want to say thank you to everyone involved in this thread as it's been very informative and potentially life changing.

A brief history: The only reason I know of forex is from being cheated in various HYIP programs I was ignorant enough to sign up with. They claimed to be forex traders which brought me to research the subject and mess around with it myself. I've off and on traded practice accounts but could never really come up with any concrete trading strategies that proved profitable myself. That is, untill now. So far in the last couple of weeks using this strategy, I've gotten a win/lose ratio of 29 wins to 3 losses with a pip gain of 446 pips. That's roughly a 90.6% win ratio

I would love to start trading this live, but my main concerns are with the variety of brokers out there. I hear horror stories coming from reviewers who say that the brokers are betting against you and have server side backdoor software that allows them to cheat you in various ways such as stop hunting, misquoting, etc. This is particularly a problem with brokers using MT4 or so I've read. Am I misinformed? I also hear that some of them will actually cancel your account if you start winning too frequently. Are these only threats to scalpers and wouldn't particularly affect trading this system?

My question is, given my inexperience trading live accounts, would there be much difference in regards to my W/L ratio trading live vs. practice account? In any case, would anyone be willing to suggest a good broker who doesn't, in their experience, seem to cheat or have a history of cancelling accounts for winning too much?

I do have a practice account open with a broker (don't think I'm supposed to name names) that doesn't offer MT4 trading though I don't really need all the fancy charting analysis options. Really, the only analysis I have needed thus far is the ability to draw vertical lines on the chart.

Please don't flame, I realize I'm new here but am really excited to get started in my live trading carreer. And I have been lurking here for probably better part of 3 weeks so I feel I have a pretty good understanding of what's been going on. I'm certainly glad this forum is alive again and have the opportunity to post this.

thanks
blotter

Hi tommyd,

Please forgive me about the post that copied your post...

My intention were not directed to you at all, but for some reason I posted with your post attached to it ! (by the way I did read the whole thread with a partner trader of mine we discuss it since a week...wink)!!!

Please accept my sincere apologies about this confusion. I hope somebody in this thread can edit it.

Ok, here are some thoughts and ideas I would like to share, if I may:
Ex: If you have a $10,000 account:
- Trade maximum 3%-5% of your account (safe to moderate)
- Let's say 5% for this purpose, that would be 5 mini
- With one pair only (CTGUY suggested GU)
- 15 pips a day x 20 trading days in a month, that is 300 pips/month (try to find real strategies that produce 300 CONSISTANT pips per month with low risk and low stress)... stay with me on this...
- 300 x 5 mini = $1,500/month, that is not counting the extras 15 pips at the 30 tp level and 45 tp level and/or the trail for the last level.

Now here is the holy grail I was reffering too in a previous post:

Money Management

Just by compounding that every day, that means you have 100k in 160 trading days. Less than a year for 1000% interest return. And it is legal !

Wait, it get's better: How about 2 pairs and upgrading the risk to 10% (this is high risk, do not attempt that if you are new to trading). 10% is not risky with a 87% winning rate (confirmed by a previous post backtester).
Back to 2 pairs: it will take only 82 trading days to reach 100k.

- I personally don't use sl while I monitor a trade, I just put one for safety reasons (50-100 pips depending on pair volatility), like if I have to leave the screens, even for only a minute, Internet interuption. Get a battery backup, this is a must before even putting 1 penny in live trading.

Just some food for pips !

Cheers,

Big Mike

What amuses me is that we have dozens of people voting whether this method is profitable after only 3 weeks.

It's not whether or not the method is ACTUALLY profitable, it's if they THINK it's profitable

This Thread is cool. Although I haven't been seriously using this since 2 weeks, I'm beginning to feel I've missed something.

Hey Big Mike, thanks ,
I was a little quick on the trigger , No doubt brought on from all the time I've wasted arguing Politics in another forum, that is surely a waste of time.

Looks like you have some interesting ideas so let's get on with the show...

good trading everyone..

p.s. isn't it just amazing what you can do with a measly 15 pip's a day.....utterly amazing,

Sorry guys for stupid question, but what time setup are you using for London breakout, Asian Breakout, US breakout in EDT

Thanks

hey dznmrd,

maybe it is just me but when I tried to use the latest indie your posted my mt4 crashes every time.
I delete that indicator & everything goes back to normal.

Strange, my MT4 crashed when I used those later versions i.e. v3 and v4. However, the first version was ok.

To Tdion and Ronald Raygan:

yeah, it seems like it's funny how ppl vote for a system when it's disscused only for 3 weeks. Although, as it was suggested - backtest it and you will see. This is what I did: Back tested it for 2 months on 5 pairs. then forward-tested on demo for a week. and last week traded it live: 4 pairs - 390 pips! (sl30, tp1 - 15, tp2-25 - if you want to know parameters).

Why do people even ask such questions?! just trade it live for $1 per pip, or if you are in doubts then 50c per pip, or if you are scared 20c - and then increase your pip value when you see results.

Good luck everyone!

Good point Konstas, thanks for sharing your data.

dznmrd, good to have you back !

dzmrd and CATGUY, I have a suggestion, if I may: Would you approve a chat for this subject. I offer myself to do it at no cost of course. I also don't want to hack you thread in any way, shape or form. It's just that I think yourthread is mature and would be good to share our live opinions while trades are in progress. I did not know if i could PM you or post it here.

tommyd, lollll for politics. And yes 15 pips goes a long way! Einstein said it: the biggest force in the Universe is compound interest. Many are looking for the grand slam....

Where are Bull, Learner David, Sonic, Ronald Raygun and Thierry89 ?

Cheers,

Big Mike

That's a good question

The Asian breakout looks iffy at best. But to be fair, it's Monday over there.

Am here...Still Making HOT DOG wif BIg Dog system,,,
Relax dude,,,it is just monday...and As for Asian session Breakout..? U can forget abt it...

Sonic

Raygun,

I personally almost never trade Asia session. I agree with you for Sunday nights (EDT). It has too many whipsaw, lethargy, reversals, ranges, less correlation, thin market, etc... All enemies of traders. JMHO

Like right now, eur, cable and swissie are not in synch (eur, cable correlation and swissie opposite). That tells me it's sideline time.

Cheers,

BM

Hi guys, Would it be profitable if you HEDGE the GBP/USD when you set up the 7 to 9am Big Dog USD Breakout Strategy? As soon as you are confident that it is going in a particular direction, you then cancel the other end of the hedge?

Hello mates,

I'm not very good on programing, so maybe someone could guide me how to make an alert for GUBreakout, i.e. when the price hits high+offset or low-offset would give alert.

Thank you

Hi Mike,

I was out of my city for 2 weeks, now I'm back and happy to see that Big Dog it's reopened.

Bull

Hello Konstas,

Very nice results. Would you mind telling me what 4 pairs you are trading?

Regards,
Jeff

Hi Napster,

Hope that can help you:

Tokyo: 19:00 to 04:00 EST (NYT);
Tokyo: 00:00 to 09:00 GMT.

London: 03:00 to 12:00 EST (NYT);
London: 08:00 to 17:00 GMT.

US: 08:00 to 17:00 EST (NYT);
US: 13:00 to 22:00 GMT.

Bull