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

  • #741
  • Oct 8, 2008 5:39pm Oct 8, 2008 5:39pm
day 2 of the Big Dog Breakout, and it has worked a treat again for me.

190 points today on a short @ 1.7430.

I'm manually trading this system, as I'm in front of the charts at the breakout time.

  • #742
  • Oct 8, 2008 7:08pm Oct 8, 2008 7:08pm
Hi all,

Ive tried a dozen or so breakout EAs and the one attached is the best I could find so I thought Id share it here. Its a great breakout EA for what it was meant for so credit should go to the author over on TSD if I remember right.

It takes the first break instead of after a retrace, it also will take a trade on every signal instead of just say one per session. These are the only two issues i have with this EA.

Maybe it will be of help to RRaygun while he continues to refine his EA.

hope it helps.
Attached File(s)
File Type: mq4 AsianHighAsianLow v1.2.mq4   9 KB | 1,520 downloads
  • #743
  • Oct 8, 2008 7:12pm Oct 8, 2008 7:12pm
Ozzy, this EA works if you're going by hour.

I'm trying to drill down to minute =D
  • #744
  • Oct 8, 2008 7:36pm Oct 8, 2008 7:36pm
I hadnt noticed Ron but that would explain the strange entry I got a while back.

I have faith you will come up with a winner, Ive used your other EAs for other methods.
  • #745
  • Oct 9, 2008 5:00pm Oct 9, 2008 5:00pm
I took the breakout again today. It initially broke out to the upside, then fell over it's shoe laces down the stairs. Stopped me on the initial long entry, but on its way down triggered my sell stop.

The short is now +160 pips, less the -110 stop out from the long, and I'm +50 for the day on the break out.

My stop has been managed rite down on the short now, so I just keep locking in profits as I go.

I know that technically I shouldn't be taking these trades as according to the rules the high/low range of the 7am-9am is 100+ points, but these are not normal market conditions. We're seeing 300, 400, 500+ point moves in a day.
  • #746
  • Oct 23, 2008 8:14am Oct 23, 2008 8:14am
Hi guys...
this strategy is working yet?!
the NY time has chenged?!
  • #747
  • Oct 28, 2008 2:12pm Oct 28, 2008 2:12pm
lol! your new york time changed as well? Hehe, wonder whats up with that. Anyone hangin' around here any longer? I still have hope for this system though I've been caught up in politics lately and haven't played with the forex lately.

Don't forget to vote =]
  • #748
  • Oct 28, 2008 3:45pm Oct 28, 2008 3:45pm
Quoting blotter
lol! your new york time changed as well? Hehe, wonder whats up with that. Anyone hangin' around here any longer? I still have hope for this system though I've been caught up in politics lately and haven't played with the forex lately.

Don't forget to vote =]
Hey blotter,

I'm still looking at this system. With the trending markets lately, I haven't found very many setups that fall within the parameters of this method (max 50-60 pips). Although because of work issues, I've only been able to check a couple times a week so maybe there have been some good setups, just not when I catch them.

I still think there is some potential here...just need to find some time.

Good luck...

RandAlThor
  • #749
  • Oct 29, 2008 3:37pm Oct 29, 2008 3:37pm
Quoting RandAlThor
Hey blotter,

I'm still looking at this system. With the trending markets lately, I haven't found very many setups that fall within the parameters of this method (max 50-60 pips). Although because of work issues, I've only been able to check a couple times a week so maybe there have been some good setups, just not when I catch them.

I still think there is some potential here...just need to find some time.

Good luck...

RandAlThor
LOLZ... if we have a market sentiment aka trend...why on earth do u need to use the big dog system... go ride the trend man.

Use the big dog when we come back to the normal market, where it would breakout and go down one day and then breakout and go up the next day.

With the current 500-1000pips a day range, its not possible to go by the rules of the system. Its meant only for normal markets buddy.

Right now we have an abnormal market, with a trend of 3 months that made a move so big that it took nearly took 3-5years for a similar move.

Good luck to you and everyone. Wait on normal markets..for the big dog.
  • #750
  • Oct 30, 2008 8:57am Oct 30, 2008 8:57am
There was a GU breakout to the downside today, against the short term trend. I rode it for 45 sweet pips.

  • #751
  • Nov 5, 2008 11:05am Nov 5, 2008 11:05am
This is my first post on this wonderful thread....
I think it's pity this system only reached 50 pages of debating, and it's slowing down rapidly.
I've never posted here but read the whole thread with big interest in whole system presented here by thread authors and others who helped improving this system.

Now i have a few questions.

First
regarding my pic below, a problem arise. As one can see the high of candle at 14:15 was 1713 but my pending order was triggered even though set up was at 1716.. ? , This is not happening when 'sell' order is set up, only 'buy'....

Is this is a problem regarding broker or something else, maybe I should consider to put pending 'buy' order few pips higher to follow the rules.

Second.

I made some back testing as well as forward testing on my demo account following the basic rules of this system.
In att. of this post you can find the results of that real data back testing.
I've implemented 3 rules to compare it.
First - opened 3 lots (micro), on high or low of NY box
TP1 - 15 pips; TP2 - 30 pips; TP3 - 45 pips
SL- the opposite line; when first TP is triggered move SL to B/E
Second - opened 3 lots (micro); on high or low of Ny box
TP1 - 15 pips; TP2 - 45 pips; TP3 - 100 pips
SL- the opposite line, when first TP is triggered move SL to B/E
Third - opened 3 lots (micro), on high or low of NY box
TP - 15 pips (all three lots); SL- the opposite line

The result's are in table, and the most profitable system is the second one.
I need to complete the results for October.

Next observation was that on days when not traded (NT-), each of that day was in profit if it was traded. With this system following the original one you should trade even when the box bands are higher then 50, 100 or more pips.

Hope someone will look at my results, and benefit from it.

I will continue to work on this system to make it near to the holy grail.
Attached Image (click to enlarge)
Click to Enlarge Name: EXAMPLE 1.jpg Size: 61 KB
Attached File(s)
File Type: xls BREAKOUT SYSTEM.xls   73 KB | 1,877 downloads
Gutenberg money printing machine
  • #752
  • Nov 6, 2008 9:39am Nov 6, 2008 9:39am
Quoting tsimic6
This is my first post on this wonderful thread....
I think it's pity this system only reached 50 pages of debating, and it's slowing down rapidly.
I've never posted here but read the whole thread with big interest in whole system presented here by thread authors and others who helped improving this system.

Now i have a few questions.

First
regarding my pic below, a problem arise. As one can see the high of candle at 14:15 was 1713 but my pending order was triggered even though set up was at 1716.. ? , This is not happening when 'sell' order is set up, only 'buy'....

Is this is a problem regarding broker or something else, maybe I should consider to put pending 'buy' order few pips higher...
Thanks for your great work.

When checking the excel file I found out that your TP are for rule1 5/10/15 , for rule2 5/15/33 and for rule3 15. It is different than what you stated.

Also, the highest loss was -84 pip, does it mean that you don't enter trades if the daily range is higher than 84 pip?

Can you please clarify?

Cheers,

Way2Freedom
  • #753
  • Nov 6, 2008 1:28pm Nov 6, 2008 1:28pm
Quoting way2Freedom
Thanks for your great work.

When checking the excel file I found out that your TP are for rule1 5/10/15 , for rule2 5/15/33 and for rule3 15. It is different than what you stated.

Also, the highest loss was -84 pip, does it mean that you don't enter trades if the daily range is higher than 84 pip?

Can you please clarify?

Cheers,

Way2Freedom
My calculation is 1/3 of whole lot.
I'm not calculating, like some other traders, for example 15 + 30 + 45 = 90 pips. My calculation is 1/3 of each TP; so calculation is 15*0,33 = 5; 30*0,33= 10; 45 * 0,33 = 15 pips . So in summary these brings me 30 pips of a whole lot (or micro lot in my case). These calculation brings me the exact $$ earned.


Yep As i sad in my post I'm entering now every trade under 100 pip box range. Avoiding those like today when they are few hundered pips.
Even today if I entered trade on EUR and CHF i would benefit from it cause my first TP is 15 pips, then moving SL to B/E.
I'm testing three pairs GBP, EUR and CHF.

Cheers
Gutenberg money printing machine
  • #754
  • Nov 6, 2008 8:28pm Nov 6, 2008 8:28pm
The person posting failed to read the rules.. if he has a negative 84 pips, he didn't set the proper stop loss. It is not he fault of the system, but the trader.

Quoting way2Freedom
Thanks for your great work.

When checking the excel file I found out that your TP are for rule1 5/10/15 , for rule2 5/15/33 and for rule3 15. It is different than what you stated.

Also, the highest loss was -84 pip, does it mean that you don't enter trades if the daily range is higher than 84 pip?

Can you please clarify?

Cheers,

Way2Freedom
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #755
  • Nov 6, 2008 8:31pm Nov 6, 2008 8:31pm
Quoting MrChips
I have been using a demo BUT I lost $3,600 on several different pairs!!! There is definately a problem!
Yes, the problem is that your trading pairs other than the only one I recommended for this system. GBP/USD. Your losing is not the fault of the system. When you trade outside of the currency pair this system was designed for, your trading your own system, not the Big Dog System.

Read the rules traders
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #756
  • Nov 6, 2008 8:33pm Nov 6, 2008 8:33pm
You may want to stick to the original rules for this system.

Quoting tsquad
Here's an idea that might have some merit...

With the original system, the pairs that seem to work best are ones that have one currency is the US Dollar with the US open. My thought was, will that work with the Euro and the European open?

Using the same rules and using GMT hours 05:00 to 07:15, I want to see if there are any possibilities using the Euro pairs and possibly far east currencies pairs. A visual inspection looked promising.

All I am trying to grab (scalp) is 10 - 15 pips off of a pair. I am sleeping so I don't want to get too crazy with the orders. The one variation to the rules is that since I am scalping, I am not as concerned with the trend. If there is a clear 1hr - 4hr...
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #757
  • Nov 6, 2008 8:45pm Nov 6, 2008 8:45pm
Big Mike... thank you for taking the time you took to compose this message. It was immensely appreciated...BIG TIME.

George

Quoting Big Mike
Hi all,

This is my first post in this great thread.

Let me start by saying thank you to CTGUY, dzmrd and Bull, to name a few.

It took me over 4 hours to read this thread. I would like to share my 2 cents on threads if I may:

- We have great talents and minds reunited in such threads. Some people just bash in and ask questions that were answered 200 posts ago. Please ignore them. (I will do some recommendations for the newbies and experienced traders). Newbies: Do your home work and read, read and read. Forex is a never ending reading experience. It's not an infomercial and become rich in 2 weeks (like the one on tv).
CTGUY would use analogies like the car on the highway (very good by...
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #758
  • Nov 6, 2008 8:47pm Nov 6, 2008 8:47pm
Quoting Potax
seems a stupid strategy but statistically it's very effective...interesting...
It is not a stupid strategy... it is a simple strategy. Work on the vocabulary.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #759
  • Nov 6, 2008 8:49pm Nov 6, 2008 8:49pm
Quoting tommyd
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.
When systems crash like that, you need to update your mt4 with the latest version.

Good Luck
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #760
  • Nov 6, 2008 8:55pm Nov 6, 2008 8:55pm
Quoting WooDex
Lost 90 pips on GBPUSD
You failed to use a S/L
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
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