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

  • #621
  • Sep 29, 2008 9:52am Sep 29, 2008 9:52am
Hi

Traded EUR/JPY for some reason.

Sell 2 lot at 151.49
Close 1 lot at 152.02 (-53pips) Close manually thought want to minimize lost. In fact my Stop Loss is 60pips.
2nd lot TP at 151.27 (22pips)

Total -31pips

(Not being consistent here )
  • #622
  • Sep 29, 2008 10:52am Sep 29, 2008 10:52am
I got almost 200 pips today on the EA. great day for the big dog.
  • #623
  • Sep 29, 2008 1:29pm Sep 29, 2008 1:29pm
EUR/USD -15
USD/CHF +20
EUR/USD +18
AUD/USD -15
GBP/USD +20

Total: +28 pips

Noticed a false breakout on the EUR/USD so I manually reentered, the rest were simply pending orders that I let ride.

First day trying it out on a demo account, I think I might try to stick to EUR/USD and GBP/USD to keep track better for re-entries.
  • #624
  • Sep 29, 2008 7:57pm Sep 29, 2008 7:57pm
Quoting Delfino
EUR/USD -15
USD/CHF +20
EUR/USD +18
AUD/USD -15
GBP/USD +20

Total: +28 pips

Noticed a false breakout on the EUR/USD so I manually reentered, the rest were simply pending orders that I let ride.

First day trying it out on a demo account, I think I might try to stick to EUR/USD and GBP/USD to keep track better for re-entries.
wander why the false breakout? for your EUR/USD you enter long or short initially?
  • #625
  • Sep 29, 2008 11:36pm Sep 29, 2008 11:36pm
anyone planning on trading big dog tomorrow?
do you guys still trade it 1 hour before red events like this?
USDhttp://forexfactory.com/images/misc/...mpact_high.gifCB Consumer Confidence
  • #626
  • Sep 30, 2008 12:14am Sep 30, 2008 12:14am
Quoting jimmypippy
wander why the false breakout? for your EUR/USD you enter long or short initially?
15 pips may have been a tight stoploss, it just skimmed it and shot right back up. You can see the one candle that caused my SL to get hit and how quickly it resumed the breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5-breakout-sep30.gif Size: 27 KB
  • #627
  • Sep 30, 2008 12:53am Sep 30, 2008 12:53am
Quoting Delfino
15 pips may have been a tight stoploss, it just skimmed it and shot right back up. You can see the one candle that caused my SL to get hit and how quickly it resumed the breakout.

Hi I think 15 is a bit too tight. Propably you can try SL about 1/2 of the difference between high Low. Your can adjust your SL later as the breakout mature.


Regards
Jimmy Chung
  • #628
  • Sep 30, 2008 1:02am Sep 30, 2008 1:02am
Quoting dengzhi
anyone planning on trading big dog tomorrow?
do you guys still trade it 1 hour before red events like this?
USDhttp://forexfactory.com/images/misc/...mpact_high.gifCB Consumer Confidence
I will see if there is break through before 10pm. If there is i will trade with tight Stop Loss.

It would be great if there is not breakthrough before 10pm.

Regards
Jimmy Chung
  • #629
  • Sep 30, 2008 4:18am Sep 30, 2008 4:18am
Hi guys,

is more always better ?

I see lots of posts where the idea is to squeeze out more of a trade, follow a trend etc. As I understood the system originally, it was supposed to be a
10 pip win with a 15 pip risk trade setup which eventually can give you 20 pips or more if the momentum is high.
Most of the "false breakouts" shown would have reached indeed at least 10 pips. ( some did result in a loss too, I know, I traded them)

As CTGUY stated, for him it's not about the amount of pips - more pips doesn't necessarely equal to more $ made on a trade. (Position sizing)

It's all about expectunity (as defined by VAN K. THARP in his book trade your way to financial freedom).

it's not about the win:loss ratio only , it's about the expenctancy and expectUNCY (win:loss ratio & risk:reward & frequency of events, cost of opportunity) which are making the total net performance of a system.

Capital preservation is the ultimate key. If your account is blown, you cannot recover anymore.

SAFE pips to all of you

PP
  • #630
  • Sep 30, 2008 4:44am Sep 30, 2008 4:44am
Quoting Peter Pan
Hi guys,

is more always better ?

I see lots of posts where the idea is to squeeze out more of a trade, follow a trend etc. As I understood the system originally, it was supposed to be a
10 pip win with a 15 pip risk trade setup which eventually can give you 20 pips or more if the momentum is high.
Most of the "false breakouts" shown would have reached indeed at least 10 pips. ( some did result in a loss too, I know, I traded them)

As CTGUY stated, for him it's not about the amount of pips - more pips doesn't necessarely equal to more $ made on a trade. (Position sizing)

It's all about expectunity (as defined by VAN K. THARP in his book trade your way to financial freedom).

it's not about the win:loss ratio only , it's about the expenctancy and expectUNCY (win:loss ratio & risk:reward & frequency of events, cost of opportunity) which are making the total net performance of a system.

Capital preservation is the ultimate key. If your account is blown, you cannot recover anymore.

SAFE pips to all of you

PP
Thats the angle I'm shooting for too, I want to try for 20 pips a day average and add more lots as my capital grows.

I read about the 10 pips to shoot for, I'm trying 20 just because I dont like having to have 2 trades to make up for 1 loss. However I think I will pay more attention to the false breakouts and see just how many pips I'm up before they retrace to a SL.

It would make more sense to get out of a trade as quick as possible, and maybe watch for quick re-entries.
  • #631
  • Sep 30, 2008 8:02am Sep 30, 2008 8:02am
Hi Delfino,

the only thing..on cable 15 pips can pass in a blink of an eye :-)
SL or TP can be hit almost same time as your order was filled..quite hard to exit manually earlier imho.

PP


Quoting Delfino
Thats the angle I'm shooting for too, I want to try for 20 pips a day average and add more lots as my capital grows.

I read about the 10 pips to shoot for, I'm trying 20 just because I dont like having to have 2 trades to make up for 1 loss. However I think I will pay more attention to the false breakouts and see just how many pips I'm up before they retrace to a SL.

It would make more sense to get out of a trade as quick as possible, and maybe watch for quick re-entries.
  • #632
  • Edited 8:32am Sep 30, 2008 8:11am | Edited 8:32am
Quoting Peter Pan
Hi guys,

is more always better ?

I see lots of posts where the idea is to squeeze out more of a trade, follow a trend etc. As I understood the system originally, it was supposed to be a
10 pip win with a 15 pip risk trade setup which eventually can give you 20 pips or more if the momentum is high.
Most of the "false breakouts" shown would have reached indeed at least 10 pips. ( some did result in a loss too, I know, I traded them)

As CTGUY stated, for him it's not about the amount of pips - more pips doesn't necessarely equal to more $ made on a trade. (Position sizing)

It's all about expectunity (as defined by VAN K. THARP in his book trade your way to financial freedom).

it's not about the win:loss ratio only , it's about the expenctancy and expectUNCY (win:loss ratio & risk:reward & frequency of events, cost of opportunity) which are making the total net performance of a system.

Capital preservation is the ultimate key. If your account is blown, you cannot recover anymore.

SAFE pips to all of you

PP
agreed,
spread on GBPUSD is way too high today, 138 pips.
I got in and got out for a quickie 15pips on EUR/USD tho.

15pips is the same as 50 or 100 pips to me (unless you let ur trade run), just trade according to a certain % of your account. I only do 1% for capital preservation.
  • #633
  • Edited 9:26am Sep 30, 2008 8:48am | Edited 9:26am
Quoting Peter Pan
Hi Delfino,

the only thing..on cable 15 pips can pass in a blink of an eye :-)
SL or TP can be hit almost same time as your order was filled..quite hard to exit manually earlier imho.

PP
Thanks, noticed that today. I'll readjust the TL/SL on that pair.

EUR/USD was +20, GBP/USD was -15

Re-entered EUR/USD (bad call).. -5 right now and still running. Should have probably just stuck with the +5 pips today. Lesson Learned.

Update: EUR/USD Re-Entry closed with +17 pips

Total: 22 pips today
  • #634
  • Edited 10:11am Sep 30, 2008 9:45am | Edited 10:11am
Hi

Took the risk, traded EUR/USD and USD/CHF

Short EUR/USD @ 1.4185
TP 2 Lot @ 1.4150 (70pips)
(Got scared of the CB Consumer Confidence index eventually it's fine)

Long USD/CHF @ 1.1091
Close 1 Lot @ 1.1121 (30pips)
2nd Lot still running and moved my SL to break even; just amended to trailing stop of 35pips
2nd Lot eventually stopped loss at 1.1208 (117pips)

Long USD/JPY @ 105.54
Close 1 Lot @ 105.82 (28pips)
2nd Lot still running; just amended to trailing stop of 35pips

Apparently AUD/USD had a clean breakout. Too much to handle because of the press release.

Regards
Jimmypippy
  • #635
  • Sep 30, 2008 1:30pm Sep 30, 2008 1:30pm
My friend just reported to me that he has made over 865 pips today with this EA. I fell out of my chair when he showed me the statement. He is not using any stop loss, take profit or trailing stop though.
  • #636
  • Sep 30, 2008 3:31pm Sep 30, 2008 3:31pm
Hi all,

good strategy, I want to test it, but can you tell me the time?

16:00 GMT + ????

Thanks in advance
ale_forex
  • #637
  • Sep 30, 2008 4:23pm Sep 30, 2008 4:23pm
Quoting ale_forex
Hi all,

good strategy, I want to test it, but can you tell me the time?

16:00 GMT + ????

Thanks in advance
ale_forex
ban. newb. does not read entire thread. ban. please ban.
  • #638
  • Sep 30, 2008 4:25pm Sep 30, 2008 4:25pm
Quoting bmwboyee
My friend just reported to me that he has made over 865 pips today with this EA. I fell out of my chair when he showed me the statement. He is not using any stop loss, take profit or trailing stop though.
yea that is just gambling

gambling is fun, and when forex trading is fun it's gambling.

like soros said, investing should be boring.
  • #639
  • Sep 30, 2008 4:37pm Sep 30, 2008 4:37pm
Quoting profi4554
Hello pesteban

U can try this latest version.

~Profi~

p/s Both indi tested ok
the version crash on my p.c
  • #640
  • Sep 30, 2008 5:56pm Sep 30, 2008 5:56pm
Quoting dengzhi
yea that is just gambling

gambling is fun, and when forex trading is fun it's gambling.

like soros said, investing should be boring.

Oh, i agree. I currently run a trailing stop on mine. I am working out the optimization on it. There is much more in the works for the EA, just got to get it tuned right.
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