7am-9am Big Dog USD Breakout Strategy | Page 35 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Big Dog Trading Secret 272 replies

Moving Markets at 7am - 1pm PST? (3pm - 9pm GMT) 2 replies

Question about big dog strat... 2 replies

Trading The Big Dog Pack ..howllll 26 replies

Who are the champion DOG pickers??? 6 replies

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

7am-9am Big Dog USD Breakout Strategy

  • #681
  • Oct 5, 2008 12:58am Oct 5, 2008 12:58am
Dear Thread,

May I ask for people's methodologies for exits---exits that consistently work?

Thanks so much,

Lenoxer
  • #682
  • Oct 5, 2008 6:37am Oct 5, 2008 6:37am
Hey guys, great thread on the Big Dog System. I have been following along and have two questions:

1) It seems the most consistent way to use the system is to trade the breakouts in the direction in the overall trend. How do you establish the overall trend? What indicators do you use to determine the overall trend and on what charts? I think I read something about using a 4 HR and 1 HR chart to match up but wasn't sure of the indicators. Do you set a 60 EMA and if its above or below then you have your trend?

2) Is this system designed exclusively for the GBP-USD? I continue to read that it is but see the majority of posts are about other USD pairs.

Thanks for your help and happy trading!
  • #683
  • Oct 5, 2008 8:20am Oct 5, 2008 8:20am
Quoting Lenoxer
Dear Thread,

May I ask for people's methodologies for exits---exits that consistently work?

Thanks so much,

Lenoxer
all exits work...the order is closed...

Now what do you really mean?
  • #684
  • Oct 5, 2008 8:31am Oct 5, 2008 8:31am
Excellent System
  • #685
  • Oct 5, 2008 9:02am Oct 5, 2008 9:02am
Quoting Ronald Raygun
all exits work...the order is closed...

Now what do you really mean?
I gues he mean, what method of exit is the best.

Example:
1) Scale out.
2) Preset TP
3) Any other way ...
  • #686
  • Oct 5, 2008 9:07am Oct 5, 2008 9:07am
Quoting mphpopular
I gues he mean, what method of exit is the best.

Example:
1) Scale out.
2) Preset TP
3) Any other way ...
Again, I hate when people are vague in their meanings. What does 'best' mean to him/her?
  • #687
  • Oct 5, 2008 1:41pm Oct 5, 2008 1:41pm
Dear Thread,

I mean to ask, what exit routines best fit the expectations of this system?

Thanks,

Lenoxer
  • #688
  • Oct 5, 2008 5:20pm Oct 5, 2008 5:20pm
Quoting Ronald Raygun
It's very frustrating, I'll say that.

What were the times you put in?

I forgot to say that there is now a maxrange feature in the EA. If the box is greater than a certain range, the EA will not take any signals for that day.
Hi Ronald,
I think there is a bug, instead of placing the orders (buy limit or buy stop, or whatever) at the end of the time frame, it's actually always executing the buy/sell order at the end of the time period. Sometimes this should be the case
since the pair is rising out of the box, however sometimes it should not be the case. see below
testing FXDD, EUR/USD, time 14:00-16:00, static 15pips TP/SL, max range 100, consecutive trades 1, buffer 3 pips, dates 2008.08.01 to 2008.10.03
if you look at 2008.09.16 it does not break below the box until 17:30, around the price 1.4169
the EA however BUYs at 16:00 @ 1.4242, and hits the SL 2 minutes later 16:02 @ 1.4227
another issue:
i don't think the max range is working, i set it to 100 but it still issued a trade on 2008.09.05 where the range was 139
2008.09.05 16:00 buy 26 1.00 1.4301 1.4286 1.4316 0.00 100750.00

please advise
thanks
-dz
  • #689
  • Oct 5, 2008 6:41pm Oct 5, 2008 6:41pm
Quoting dengzhi
Hi Ronald,
I think there is a bug, instead of placing the orders (buy limit or buy stop, or whatever) at the end of the time frame, it's actually always executing the buy/sell order at the end of the time period. Sometimes this should be the case
since the pair is rising out of the box, however sometimes it should not be the case. see below
testing FXDD, EUR/USD, time 14:00-16:00, static 15pips TP/SL, max range 100, consecutive trades 1, buffer 3 pips, dates 2008.08.01 to 2008.10.03
if you look at 2008.09.16 it does not break below the box until 17:30, around the price 1.4169
the EA however BUYs at 16:00 @ 1.4242, and hits the SL 2 minutes later 16:02 @ 1.4227
another issue:
i don't think the max range is working, i set it to 100 but it still issued a trade on 2008.09.05 where the range was 139
2008.09.05 16:00 buy 26 1.00 1.4301 1.4286 1.4316 0.00 100750.00

please advise
thanks
-dz
You may want to set a pip buffer because the EA took a trade when the price hit the bottom of the established box. (Box is established at 16:00 and the status goes to "Range Found") and my guess is that the 15:59 candle closed as the lowest point of the box.

Could you also include a screenshot?
  • #690
  • Oct 5, 2008 7:30pm Oct 5, 2008 7:30pm
Quoting Ronald Raygun
You may want to set a pip buffer because the EA took a trade when the price hit the bottom of the established box. (Box is established at 16:00 and the status goes to "Range Found") and my guess is that the 15:59 candle closed as the lowest point of the box.

Could you also include a screenshot?
i am using a buffer, set it to 3.

attached is a screenshot..

also please check if the max range is working (it is not working for me, it still seems to make trades if range is greater than 100)

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: temp.jpg Size: 290 KB
  • #691
  • Oct 5, 2008 7:32pm Oct 5, 2008 7:32pm
Quoting dengzhi
i am using a buffer, set it to 3.

attached is a screenshot..

also please check if the max range is working (it is not working for me, it still seems to make trades if range is greater than 100)

thanks
Next time, try attaching it to a 1M chart.

Using another timeframe may be throwing off the barcount variables.
  • #692
  • Oct 5, 2008 8:11pm Oct 5, 2008 8:11pm
Quoting Ronald Raygun
Next time, try attaching it to a 1M chart.

Using another timeframe may be throwing off the barcount variables.
ah, thanks, now range and the time of trade is working =)
  • #693
  • Oct 5, 2008 8:40pm Oct 5, 2008 8:40pm
RR: you can only get about a month of 1M data from most brokers?
  • #694
  • Oct 6, 2008 4:30am Oct 6, 2008 4:30am
Quoting dengzhi
RR: you can only get about a month of 1M data from most brokers?
Probably. Go into Tools -> Options -> Charts and look at your max bars in chart variable.
  • #695
  • Oct 6, 2008 6:38am Oct 6, 2008 6:38am
-15 on EUR/USD today so far, false breakout by a few pips

Waiting to see if the real breakout happens after it retraces.
  • #696
  • Oct 6, 2008 6:51am Oct 6, 2008 6:51am
Delfino, the EUR/USD high/low is 80 pips, doesnt that mean no trade since the amount of pips are too high? My system is only showing the only current valid trade is a short on the AUD/USD which so far has resulted in almost 25 pips. Am I correct or wrong?
  • #697
  • Oct 6, 2008 6:55am Oct 6, 2008 6:55am
Quoting shark
Delfino, the EUR/USD high/low is 80 pips, doesnt that mean no trade since the amount of pips are too high? My system is only showing the only current valid trade is a short on the AUD/USD which so far has resulted in almost 25 pips. Am I correct or wrong?
Most likely, I'm going to re-read this thread and rehash the rules. I checked the main trend which was going down, and the open today was under the pivot point so I figured a short would be safe. I'll call it a day though if the rules state I shouldnt have taken the first trade.
  • #698
  • Oct 6, 2008 7:00am Oct 6, 2008 7:00am
I believe the original thread says you should only consider trades with the high/loss difference 50-60 pip range. But it's all in the risk tollerance of the trader.
  • #699
  • Oct 6, 2008 7:05am Oct 6, 2008 7:05am
Quoting shark
I believe the original thread says you should only consider trades with the high/loss difference 50-60 pip range. But it's all in the risk tollerance of the trader.
Yep, I reread that. I didnt reenter when it crossed again, it did hit my 20 pip target. But still that would have been just a 5 pip profit for the day.

Tommorrow should make up for it, I'll use the 15 pip trailing stop intead of a 20 pip target.
  • #700
  • Oct 6, 2008 10:10am Oct 6, 2008 10:10am
Hi All

I few pages back I asked if anyone was working on an EA that would be based on the NY Box data and prepare 2 pending orders per pair - one long and one short.

This is a great way to make about 50-60pips a day with very little effort. If someone would be kind enough to do the EA. I would be willing to work with anyone that want to do it.

Thanks in advance for any help on this project.

Mr Chips
Jim (MrChips)
1 trader viewing now