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  • #21
  • Apr 27, 2009 12:27am Apr 27, 2009 12:27am
Quoting excaliba007
what time frame r u using?
Yeah, his first chart and explanation does not mention the TF and I asked him about it. It is the H1 TF.
Starting to see instead of just looking.
  • #22
  • Apr 27, 2009 12:45am Apr 27, 2009 12:45am
Quoting Paulus
This is not my idea but ,it took my fancy as I wanted an indicator used on it but the principle is sound

Take the hi low of the Asian session,I will include a indicator that does this automatically.

As the next market to open is London we want to watch any GBP spots ----------
Paulus

The one who ask about Time frame he may not get the idea of this system ...

this system not depand on TF ..

its depand only about breacking hi low of each Asian Session..

just draw horz. line on high and low of Asian session and wait breacking either high or low in any time frame.
Never sell @ lower upward channel unless breacked and vise versa .
  • #23
  • Apr 27, 2009 12:45am Apr 27, 2009 12:45am
Sorry Rastaman it is the 1hour your right

Paulus
  • #24
  • Apr 27, 2009 12:50am Apr 27, 2009 12:50am
Andy

Thanks for the time you spent on this,I have no in depth stats on this system so any thing like you produced is a great value...taking profits are specific points I think is the way to go..would be nice to lock in some profits on each trade esp as it fires only once a day per swap

It seems to be a min time investment strategy with potentially very good gains

Cheers

Paulus
  • #25
  • Apr 27, 2009 12:51am Apr 27, 2009 12:51am
Quoting Paulus
Sorry Rastaman it is the 1hour your right

Paulus

you already told him in post# 7
Never sell @ lower upward channel unless breacked and vise versa .
  • #26
  • Apr 27, 2009 1:08am Apr 27, 2009 1:08am
Hello Paulus, congrats for this new thread and My trading style is trend and s/r, very simple, although I test a lot of the other systems that are available hoping to see something. anyway, can you please include your original code so we know that your thread is not a commercial one. thanks.

Quoting Paulus
Andy

Thanks for the time you spent on this,I have no in depth stats on this system so any thing like you produced is a great value...taking profits are specific points I think is the way to go..would be nice to lock in some profits on each trade esp as it fires only once a day per swap

It seems to be a min time investment strategy with potentially very good gains

Cheers

Paulus
  • #27
  • Apr 27, 2009 1:50am Apr 27, 2009 1:50am
Hello Paulus,,
thank you for your system
i am working with 3 broker and your indicator (london forex rush) must be setup for each because of different time zone of brokers.
i am looking at time and date of site and i am seeing that tokyo market is still open while because of different of time zone 2 of my charts show that the asia session had been ended.!
so i think friends must adjust the indicator with their broker timezone.
  • #28
  • Apr 27, 2009 2:09am Apr 27, 2009 2:09am
Quoting tetis
Hello Paulus,,
thank you for your system
i am working with 3 broker and your indicator (london forex rush) must be setup for each because of different time zone of brokers.
i am looking at time and date of site and i am seeing that tokyo market is still open while because of different of time zone 2 of my charts show that the asia session had been ended.!
so i think friends must adjust the indicator with their broker timezone.
i have this problem too
thanks tetis
  • #29
  • Apr 27, 2009 2:14am Apr 27, 2009 2:14am
Buy and sell orders placed(demo for a couple of days) see how we go. I think the sell at 1.4517 will get hit first.
Trying this with 3 lots and will set an order to close 2 at 76.4 and move stop on 1 lot to 61.8 if i'm around otherwise tp at 100% with an order.

Sell order just hit.
Expecting some pull back here as the asian session was big and we have just had a very large bear candle.
tp 76.4=1.4446
tp 100.0=1.4375
sl=1.4677
so s/loss=160, 1st tp=71 x 2 lots so 142, 2nd tp=142 x 1 lot.
Leave it alone and wait now then.
Andy
  • #30
  • Apr 27, 2009 2:48am Apr 27, 2009 2:48am
Hey there,

are there a time gap between Asia close and London open?
I mean like an hour beetwen or so? A bit confusing with times, DSL etc..

Also do we take a trade if the high/low is already broken?

thx

PC
Less is more...
  • #31
  • Apr 27, 2009 3:12am Apr 27, 2009 3:12am
ANyone have any idea what this time frame is based on in the inputs.

According to the readout London is not open yet, but it is and I am in Tokyo which is also open.

Is this GMT it is set to?
Starting to see instead of just looking.
  • #32
  • Apr 27, 2009 3:23am Apr 27, 2009 3:23am
In the forexrush indie, you should adjust the indicator to match the tokyo start and end against your broker offset.

e.g. I use Alpari UK as my broker. Alpari UK server time is 1hr ahead of GMT time. In the indicator, I enter "1" for the tokyo start time (Tokyo starts at 00:00 GMT so I need to ad 1 hour to offset alpari) and "9" (Tokyo ends at 08:00 GMT so I need to ad 1 hour to offset alpari) for the end time. You do not need to enter anything for the London open as that is specific to the "London Rush" system.

Market hours are here: http://forex.timezoneconverter.com/i...ndon&refresh=5

I recommend that you draw the lines in manually if you did not buy the LONDON FOREX RUSH system as you will be in breach of the copyright. Or instead, use the indicator that I have attached, that was programmed by andee for a similar thread.

Quoting $aly
i have this problem too
thanks tetis
Attached File(s)
File Type: ex4 ant-GUBreakout_V.0.4.1.ex4   13 KB | 1,246 downloads
  • #33
  • Edited 4:26am Apr 27, 2009 4:01am | Edited 4:26am
Thanks for the advice & the indi.

Still can't work out how to set this up as I have no idea about ODL Japans MT4 server time.

Can I just count the last 9 bars on the H1 TF and take the high and lows? Or is this much more complicated?

Does this look about right?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 155 KB
Click to Enlarge Name: GBPUSD B.jpg Size: 192 KB
Starting to see instead of just looking.
  • #34
  • Apr 27, 2009 4:20am Apr 27, 2009 4:20am
Rastaman,

This is very simple. Take your MT4 crosshair, hover over the the last bar on a M1 chart. Look at the time axis and note the bars time. This will be your current broker server time to the latest minute. Then offset GMT by the difference.

Another example: If your server time shows as 16:14 and current GMT time is 10:14, then your server time is 6 hours ahead. Tokyo time starts at midnight, so you need to enter 06:00, for the start.

You could take the last 8 bars provided you took the last 8 bars from Asian close, (which is 8am GMT). You cannot just take any 8-9 bars as this strategy relies on the momentum provided by the London open, therefore you must take the ASIAN range.



Quoting Rastaman
Thanks for the advice & the indi.

Still can't work out how to set this up as I have no idea about ODL Japans MT4 server time.

Can I just count the last 9 bars on the H1 TF and take the high and lows? Or is this much more complicated?
  • #35
  • Apr 27, 2009 5:05am Apr 27, 2009 5:05am
Quoting Limstylz
Rastaman,

This is very simple. Take your MT4 crosshair, hover over the the last bar on a M1 chart. Look at the time axis and note the bars time. This will be your current broker server time to the latest minute. Then offset GMT by the difference.

Another example: If your server time shows as 16:14 and current GMT time is 10:14, then your server time is 6 hours ahead. Tokyo time starts at midnight, so you need to enter 06:00, for the start.

You could take the last 8 bars provided you took the last 8 bars from Asian close, (which is 8am GMT)....
The only point is that as you know London starts at 7 GMT (8 am UK time), so do we leave out the last hour of Tokyo and consider the 7 GMT hourly bar for the start of our breakout? Or do we leave out the first 1 hour bar of London open and consider the 8 GMT (9 am London) as start of the break out from the range?
Regards
  • #36
  • Apr 27, 2009 5:07am Apr 27, 2009 5:07am
Sorry, this is so confusing as I am trying to work out the actual candle time, ODL server time, London time,Japan time and this bloody MT4 time!!!

Phew.......

The Last bar opened at 10 AM and the the same 10 AM is reported on MT4 at the time it opened. It is currently 7 PM here in Japan.

So, now I have to work out what I set the Tokyo Start Tokyo End and London Open numbers to.


Noooooooooooooooooooooooooooooooooooooooooooooooooo
Starting to see instead of just looking.
  • #37
  • Apr 27, 2009 5:17am Apr 27, 2009 5:17am
I haven't changed anything in the indi and the bars have drawn themselves on nicely. I am using it on broco demo which is gmt +2. In the uk which the trading is based on we are in British Summer Time which is GMT +1. So broco mt4 which is in line with central european time is 1 hr ahead of actual british time.
The bars finish at the end of the broco 8am candle. The breakout high low zone is then placed at 9am with the high and low of asian session established. This is 8am in the uk which is widely accepted as the start of the london session. If it helps further, look at your local time on FF and then compare to when I posted this. The uk time is now 11:16.
Andy.
update -the sell order took me in and currently 45 pips down at the mo. Did expect that though in the pullback.

Howard.
All the backtest i carried out showed the 7gmt (8bst) candle to be the one to trade on if there is a breakout.
  • #38
  • Apr 27, 2009 5:28am Apr 27, 2009 5:28am
Quoting Paulus
...
Once triggered we stay in until 1 of 3 criteria is met

Our Stop is hit
Our Target is hit
The close of the day without our SL or TP being hit.

...
Paulus
Hey Paulus,
It's nice to see you posting and sharing systems again. Thanks for your generosity!
Can you please specify what is your understanding of "close of the day"?

Thanks!
Stay on the PIPest side of life!
  • #39
  • Apr 27, 2009 5:29am Apr 27, 2009 5:29am
What was the sell order pair?
I only got LONG order on EUR/GBP
Starting to see instead of just looking.
  • #40
  • Apr 27, 2009 5:42am Apr 27, 2009 5:42am
Quoting andypips
I haven't changed anything in the indi and the bars have drawn themselves on nicely. I am using it on broco demo which is gmt +2. In the uk which the trading is based on we are in British Summer Time which is GMT +1. So broco mt4 which is in line with central european time is 1 hr ahead of actual british time.
The bars finish at the end of the broco 8am candle. The breakout high low zone is then placed at 9am with the high and low of asian session established. This is 8am in the uk which is widely accepted as the start of the london session. If...
Yes 7:00 am GMT is the correct starting time
Regards
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