7am-9am Big Dog USD Breakout Strategy

trend based on these ema's here

http://www.forexfactory.com/showpost...&postcount=819

all my trades was bad today, stoped 15 sl.
With a 50 sl all in profit but is too big for 15 pip tp

I enter when the price moves 1 point above/below the high of the 7-9ET box. Exit at 12 points profit, reason being is that if you wait for a full 5 point move, then add in the spread, you're looking at a move of approx 23 points move to hit your target. I also use an SL of 15 points-have made money in the last few days, but have then been stopped out before the really big moves so am by no means an expert. Hope this helps a bit.

I've only been watching this method for a couple of days....But it sure does seem to be an easy and simple way of making some pips. My problem is that I'm on my way to work before the box is completed. And by the time I arrive to work, it's been too late for me to enter. So I ask if anyone has developed an EA for this method. And if so, would you like to share it? I hope i'm not being too forward in asking for this. I guess If I had to make a donation to your favorite charity, then that would be fine with me. Please reply or PM me.

Thanks,
Todd

Friday traded breakout first time live - minilots only.
Gbp/usd first half + 15 pips, second half + 22 pips.
Had to leave computer unfortunately, otherwise would have let second half of position run either to breakeven or further into positive pip area. In this case pos. went down rapidly. Maybe i´ll get the move next time. Was using a 20pip stop loss.
Nice method really.

The consistency of successful trades this strategy has provided for me has been unbelievable in the last few weeks! This strategy combined with proper money management is a huge success.

CTGUY,

I traded this morning using this method and made 38 pips; however, I am not sure if I did it by pure luck this time. When “16:00” came around, my box was drawn from 1.4947 to 1.5028. My question is, do you wait until the 16:00 bar closes to note the high and lows, meaning you are not able to start trading till the 16:15 candle opens?

The reason I ask is, because if that is the case, my trade this morning would not have been valid per the trading rules due to a breakout on the 16:00 candle. I would have to draw a new box with a high of 1.5077.

As always, I appreciate the help!

CTGUY,

Your system delivered 20 pips for me during the London market, and another 35 pips with the New York market. Breakout/straddle systems have been the only strategies that have consistently made me profits over the past 3 years. This may be the best, yet!

Thank you for sharing!

Is anyone successfully trading the Asian market with CTGUY's system? If so, which currency pairs work best for you?

Thanks.

Thanks much for this great idea. I think it is well thought out and most profitable. May i ask a few questions?

1. How can I mazimize my exit(A indicator, just plain time or other ways?) after entry?

2. Do I place a stop order 1 tic higher/lower then the high/low in question?

3. Can I use yourattachment on a hand held device instead of being chained to my office all day using MetaTrader with your GUB breakout as well as other indicators written for MetaTrader?

4. Have you seen a sound indicator I can use when/if mt stop is hit?

Thanks again and have a most enjoyable holiday season.

but the stop loss is too big for 10 pip tp

Any of you was able to be consistent in the trade today ? (26 nov).
A lot of economic reports from the states today and yet I thought well the session starts it spiked upwards and then just headed down to my stop loss..

Regards

Now I see on the breakout going right up.. hmm bad day :| as I can see I should maybe put a bigger offset on .. I have a 5 pip offset any of you who can help on this one what they are using ?

regards

what about limiting entries to 2 per day in case you get stopped out?

I am doing money mangement and risk to calculate the trade size.

3% of the account on risk.
20 pips sl with trailing on it.

Only one trade a day. But just curious what others have done.

Regards.

hey guys,

i am trying to use the Generic Breakout Version 4 EA but when I insert the EA on the chart it shows an 'x' and when I try to test the strategy, it doesnt trade at all.

I changed the time range to 14:00 to 16:00

I never used EA before so I appreciate any help

Thank you and great work on this forum

MrC

MrC,Press "Expert Advisors" button on tools panel of Metatrader to see the smiley face instead of 'x'.

thank you

is there a link talking about Generic Breakout version 4?

i have played with the input variables and i cannot get it under th strategy tester to be profitable. can anyone send me a link to where this EA is explained?

I've posted on this thread few weeks before, with my own variation of this system, that proved to work very well for my trading style.
I've attached an spreadsheet with my analysis.

So my system follows these rules:

Enter trade with three lots (in my case micro lots)

First TP - 15 pips (move SL to BE)
Secon TP - 45 pips (move SL to + 5 pips)
Third TP - 100 pips

SL - opposite side of channel (not more than 100 pips)

If channel is wider than 100 pips, then SL is 100 pips.

I'm trading Three pairs - GBP/USD, EUR/USD; CHF/USD

The most profitable one is GBP - as CTGUY said.

Results for GBP :
19 trades ;
17 winners (7 hit 100 pip TP)
2 loser ( 1 -50 pips; 2 - 64 pips; = -114 pips)

altogether I've made 304 pips in profit this month with GBP.

EUR and CHF are profitable but not as GBP

Results for EUR:

20 trades
17 winners ( 5 hit 100 pip TP)
3 loser ( 1 -100; 2 -54; third -70 = -224)

altogether I've made only 100 pips in profit this month with EUR.

Until today CHF is at B/E.

I will continue to trade this system with micro lots, and post my results.

Cheers

Hi,
May I know what is your SL for the consistent 10 pips from GBP/JPY? If you r target is 50-100 pips, then what is your SL? Thanks