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Asian scalping my version

  • #1
  • First Post: Edited 7:06am Feb 2, 2009 6:31am | Edited 7:06am
I think I have found a profitable take on this well-known system, but need some help on doing some backtesting as I have only been doing it manually for a few days.

I use IG Index and wish to run a Probacktest on their Advanced Charts but do not know what I need to type in.

My system is:

Try GDP/USD

Work out the highest and lowest close of 15minute bars (not highest and lowest point) between 0.00GMT and 6.45GMT.

Open buy order of 3 points at the highest and sell order at the lowest.
Stop/Loss 35 pips.
Target Profit for 1st pip is 20 pips. Once hit move stop/loss of other 2 pips to Breakeven.
Target profit for 2nd pip is 50 pips. Once hit move stop/loss of 3rd pip to 20 points.
Let 3rd pip run. But for backtesting purposes on the Probacktest close 3rd pip at 100 pips.

Your help would be much appreciated thanks
  • #2
  • Feb 2, 2009 6:35am Feb 2, 2009 6:35am
Example today, lowest 15 minute candle closed at 1.4358 at 4.15am.
This was hit at 6.53am
20 pips profit made at 6.59am
50 pips profit made at 7.21am
3rd pip currently 170 points profit.

Unfortunately I have not used any real money yet! Also this would be an exceptional day.
  • #3
  • Feb 2, 2009 11:38am Feb 2, 2009 11:38am
Quoting petelearning
Example today, lowest 15 minute candle closed at 1.4358 at 4.15am.
This was hit at 6.53am
20 pips profit made at 6.59am
50 pips profit made at 7.21am
3rd pip currently 170 points profit.

Unfortunately I have not used any real money yet! Also this would be an exceptional day.
Please clarify. Are you buying at the highest close + 3 pips or at the highest close itself? Thanks
  • #4
  • Feb 2, 2009 11:44am Feb 2, 2009 11:44am
Buy when it reaches the highest close, sell when it reaches the lowest close.

However, need to take into account the spread. Spread I use is +3, so we sell at the lowest close, but when we buy we are buying +3

This morning we sold 3 points when the market reched the lowest 15 minute close from 0.00Gmt to 6.45Gmt, i.e. as soon as the market reached 1.4358 at 6.53am
  • #5
  • Aug 3, 2009 5:29pm Aug 3, 2009 5:29pm
Are you still trading Asian method?
If you only trade long, then you can't always be wrong.
  • #6
  • Aug 4, 2009 4:08am Aug 4, 2009 4:08am
If possible, please, attach a picture for the explanation. I'm not sure I understand how it works.

Thanks!




Quoting petelearning
I think I have found a profitable take on this well-known system, but need some help on doing some backtesting as I have only been doing it manually for a few days.

I use IG Index and wish to run a Probacktest on their Advanced Charts but do not know what I need to type in.

My system is:

Try GDP/USD

Work out the highest and lowest close of 15minute bars (not highest and lowest point) between 0.00GMT and 6.45GMT.

Open buy order of 3 points at the highest and sell order at the lowest.
Stop/Loss 35 pips.
Target Profit for 1st pip is 20...
  • #7
  • Aug 4, 2009 11:07pm Aug 4, 2009 11:07pm
Asian box method?
  • #8
  • Last Post: Aug 5, 2009 1:40am Aug 5, 2009 1:40am
I meant this version of Asian Breakout (I'm familiar with standard Asian session Breakout).


Quoting pa18
Asian box method?
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