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1 trade a day

  • #401
  • May 17, 2009 2:36pm May 17, 2009 2:36pm
Hi, What are you using to backtest this and are you prepared to share. I can contribute with programming skills as well if you wish
Steve

Quoting ahbinn
The backtest from March to current date doesn't look so good. It's only recently that good pips are made.
  • #402
  • May 17, 2009 3:15pm May 17, 2009 3:15pm
Quoting Paulus
....
I think you will be hard pushed to find a better combination

Trading 2 lots on each of the 3 swaps last wek would of made you many $k not bad for one trade a day.

just my thoughts

Paulus
OK, so the 50% 1.618, 50% 2.0fib is mandatory else we'll not be taking sufficient TP.
Looking at past results posted in the XLS GBPJPY appears to be the best, followed by GBPUSD.

Maybe I'm not thinking straight here, but with Mt4 how can I set this up with an OCO trade? - there seems no option to have the long cancel the short or vice-versa.
Also to close off 50% I assume we have to take out two separate trades at the entry point with 50% of the lot size to accommodate this? I'm new with MT4, as previously I used spreadbet proprietary platoforms.. to which I note UK's IGINDEX also dont' seem to offer OCO trades?
How's best to set up these trades on pending order basis?

Cheers
Steve
  • #403
  • May 17, 2009 3:22pm May 17, 2009 3:22pm
here is another angle to it borrowed from the Robin hood trading method

We get the break then go down to 5min chart we need this because we are going to use a stochastic to enter with.

 

  1. We get the break 10 pips above the hi or lo
  2. We switch to 5min time scale and we wait until for a long the stoch goes green for a short the stoch goes red.
  3. We then take the normal TP

An example of a short you can see the break the pull back the entry

the target can be 2 types either

161.8 or... the 5 level on the stoch what ever comes 1st again this is taken from the Robin hood thread and works well

Attached Image (click to enlarge)
Click to Enlarge Name: angle.gif Size: 39 KB
  • #404
  • May 17, 2009 3:29pm May 17, 2009 3:29pm
Another example

draw down is reduced Profit goes from 41 pips normal set up to 96 pips
Attached Image (click to enlarge)
Click to Enlarge Name: angle1.gif Size: 42 KB
  • #405
  • May 17, 2009 3:34pm May 17, 2009 3:34pm
Pips profit goes from 30 pips normal entry to 69 pips new entry

Draw down zero
Distance from entry to SL ( 10 pips below 0.00 or bottom of yellow band) is smaller giving better RR

I have inc the colour Stoch
Attached Image (click to enlarge)
Click to Enlarge Name: angle2.gif Size: 37 KB
Attached File(s)
File Type: mq4 StochasticColor.mq4   5 KB | 464 downloads
  • #406
  • May 17, 2009 3:49pm May 17, 2009 3:49pm
Hello,

can somebody explain me why the break of the 100 line +/- 10 pips differ on timeframe 15 m and 1 h? This means that I'm not getting the same entry points on both tfs. I'm using the ant-gubreakout
  • #407
  • May 17, 2009 4:35pm May 17, 2009 4:35pm
Quoting Paulus
Pips profit goes from 30 pips normal entry to 69 pips new entry

Draw down zero
Distance from entry to SL ( 10 pips below 0.00 or bottom of yellow band) is smaller giving better RR

I have inc the colour Stoch
Hi Paulus,

I like this idea and will test it out. Thanks also for attaching the color indicator.
  • #408
  • May 17, 2009 5:13pm May 17, 2009 5:13pm
maybe this is me misunderstanding the fib lines, but i see different 618 levels dependent upon whether i show the 1hour or 5 min candles.
This drastically changes things.
Can anyone shine light on this? - I read in one post that 1 hour time frame to set the fib levels, and then seen another post says timeframe irrelvent..
confused... sorry
  • #409
  • May 17, 2009 5:41pm May 17, 2009 5:41pm
Hi all..


Leaftrader......the Fib is calculated using the High and low....and as long as you are still using these while in the lower TF the Fib should be the same....The High and Low should not change for the selected Period regardless of Timeframe...

Am I seeing things or is this NO longer an indicator free (not including Fib. Lvls ).
Making it more complicated will not help...So which entry to take and how will we know when it will retrace or not....the Stoch is always good in hindsight....a bit more difficult in live trades...

And can we confirm......This current Hour Bar is the Start of the Trading Block.....?
  • #410
  • May 17, 2009 9:30pm May 17, 2009 9:30pm
Quoting stevecartwright
Hi, What are you using to backtest this and are you prepared to share. I can contribute with programming skills as well if you wish
Steve
Hi i modified the EA from big dog and I attached here for use in backtesting
Attached File(s)
File Type: mq4 Asia_breakout.mq4   12 KB | 573 downloads
  • #411
  • May 17, 2009 10:06pm May 17, 2009 10:06pm
This is the backtest for GJ fr March till today. It didn't perform too well in March and April
Attached Image (click to enlarge)
Click to Enlarge Name: gjbreakout.gif Size: 43 KB
  • #412
  • May 17, 2009 10:48pm May 17, 2009 10:48pm
Hi all..


ahbinn.....if the chart you posted and the Fibs shown are the actual levels you used......they look wrong to me...the 100% lvl is on the wrong bar...
  • #413
  • May 17, 2009 10:51pm May 17, 2009 10:51pm
Quoting Angler
Hi all..


ahbinn.....if the chart you posted and the Fibs shown are the actual levels you used......they look wrong to me...the 100% lvl is on the wrong bar...
Hi

i followed this
http://www.forexfactory.com/showpost...&postcount=364
  • #414
  • May 17, 2009 10:52pm May 17, 2009 10:52pm
Quoting ahbinn
This is the backtest for GJ fr March till today. It didn't perform too well in March and April
according to my back test, g/j made over 600 pips in march and over 600 in april. what are you looking at?
  • #415
  • May 17, 2009 10:59pm May 17, 2009 10:59pm
Quoting datugman
according to my back test, g/j made over 600 pips in march and over 600 in april. what are you looking at?
I'm not sure why. But my results are different from yours. See my entries and exits in my pic, are they wrong?
  • #416
  • May 18, 2009 1:21am May 18, 2009 1:21am
Quoting Paulus
here is another angle to it borrowed from the Robin hood trading method

We get the break then go down to 5min chart we need this because we are going to use a stochastic to enter with.

 

  1. We get the break 10 pips above the hi or lo
  2. We switch to 5min time scale and we wait until for a long the stoch goes green for a short the stoch goes red.
  3. We then take the normal TP

An example of a short you can see the break the pull back the entry

the target can be 2 types either

161.8 or... the 5 level on the stoch what ever comes...

Paulus
Can you sher angle indi......?

Thank you
  • #417
  • May 18, 2009 1:44am May 18, 2009 1:44am
This is only the nexy step in the evolution of this system.

Im happy sticking with the 1hr time frame but several were worried about draw down and risk reward thats why I suggested going to the 5min once we have a trigger on the 1hour.

The only reason for this is to see the retracements.

Im not too worried about the stoch coming in for the ride and it doesn't look better in hindsight it goes green or red away you go.....

But you will prob miss some good trades I had only been trading this for a very short time I know one person here that uses RSI with it to good effect we take the basic system and adapt to how we feel comfortable what I do agree with is that we shouldnt clutter chart with loads of indicators that basically tell you the same thing.

I dont particularly like indicators but if they give you an edge hey...why not

I have also set up an MT4 for the US breakout,I will monitor this and pass on any good results

Paulus
  • #418
  • May 18, 2009 1:48am May 18, 2009 1:48am
Nataraja

Angle indicator ..?

P
  • #419
  • May 18, 2009 2:14am May 18, 2009 2:14am
hello everybody.i am really interested to try this breakout strategy.here are some of my questions i want to ask: 1.i am using fxpro metatrader,what settings should i change to andee's antGUbreakout indicator? 2.from my own analysis,today's tokyo high is 1.5178 and low of 1.5115...does my anaylisis for today is correct? thanks a lot.
  • #420
  • May 18, 2009 2:43am May 18, 2009 2:43am
Hi all....

So we have an active trade using the old method....do we have a trade using the new method (Stoch)...
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