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

  • #1,341
  • Jun 26, 2009 2:12am Jun 26, 2009 2:12am
found a bug in the indicator.

i set mine to 1-3am, and it's using the bar at 3am - 3:15am.. basically it's adding an extra bar to the range, it should stop calculating the range bang on the end hour.
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  • #1,342
  • Jun 26, 2009 2:18am Jun 26, 2009 2:18am
Here we go

Although things look ok, the image shows 10am (which is 3am EDT), and the vertical line shows 10am. but that is the START of the bar, which ends at 10:15am. So it calculates an extra bar in the range.

fair enough though one can remove 15 minutes from the end time, but thought ya should know.
Attached Image (click to enlarge)
Click to Enlarge Name: bug.gif Size: 54 KB
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  • #1,343
  • Jun 26, 2009 3:23am Jun 26, 2009 3:23am
Quoting BobHall
89 votes said no that this indicator doesn't work? OMFG, where did they place the indicator? In their pocket or something?
Maybe this 89 people have put it on the wrong time zone ! The indikator is Ok.
The "twin candle" EA-very nice: + 140 on £,+40 on $/JPY & +35 on $/CHF. Nice job,once again !
  • #1,344
  • Jun 26, 2009 3:25am Jun 26, 2009 3:25am
Quoting BobHall
Here we go

Although things look ok, the image shows 10am (which is 3am EDT), and the vertical line shows 10am. but that is the START of the bar, which ends at 10:15am. So it calculates an extra bar in the range.

fair enough though one can remove 15 minutes from the end time, but thought ya should know.
I think you need to change the GMT shift parameter, on my charts that big green candle is 7:00 am GMT or 8:00am BDT
  • #1,345
  • Jun 26, 2009 3:35am Jun 26, 2009 3:35am
No I dont.

I'm going by my brokers server time. I know exactly when US and UK opens are, been trading them for 10 years

Quoting fxtrader2k7
I think you need to change the GMT shift parameter, on my charts that big green candle is 7:00 am GMT or 8:00am BDT
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  • #1,346
  • Jun 26, 2009 5:03am Jun 26, 2009 5:03am
so, i have to observe the time one hour before and one hour after the opening of the market. is this correct?
meine augen sind die sterne
  • #1,347
  • Jun 26, 2009 6:39am Jun 26, 2009 6:39am
What is a good Stop loss for this strategy? 30 pips for potential 30 pips profit? 1:1 ratio? Any comments would be a appreciated. Thanks.
  • #1,348
  • Jun 26, 2009 10:48am Jun 26, 2009 10:48am
has anybody tested this system day by day. i mean does it work in fridays?

i order 2 lots 1 for 30tp, 1 for trailing stop. stops are at two side of band.
  • #1,349
  • Jun 26, 2009 10:55am Jun 26, 2009 10:55am
Quoting tasciy
has anybody tested this system day by day. i mean does it work in fridays?

i order 2 lots 1 for 30tp, 1 for trailing stop. stops are at two side of band.
Due to no market moving news events, coupled with this being a short business day on Friday, plus it's nearly 3 hours since placing my pending orders with not being filled...I cancelled all my trade orders.
  • #1,350
  • Jun 26, 2009 11:28am Jun 26, 2009 11:28am
yeah, been a horrible day today, just bearly made 120 pips today. not happy
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  • #1,351
  • Jun 26, 2009 11:52am Jun 26, 2009 11:52am
yeah thats why I rarely ever trade on Fridays seems like it sometimes work but other times it just turns into a loss
  • #1,352
  • Jun 26, 2009 12:47pm Jun 26, 2009 12:47pm
Hi, im relativley new to forex trading and this strategy looks appealing to me, i have 1 question.. since headging is ruled out from interbank how can I place a buy and sell pending orders? or do i have to wait till the box completes and look for the breakout? anyone with the same problem? thank you.
"Do or do not... there is no try" Master Yoda
  • #1,353
  • Jun 26, 2009 1:18pm Jun 26, 2009 1:18pm
Quoting BobHall
Here's all the pairs I traded today using your indicator.

As I say, been a VERY GOOD DAY
Hi Bob, do you by any chance know in what post # i can find this indicator? ive looked at your charts and i can see that the box is between 13:00 and 15:30 GMT thanks.
"Do or do not... there is no try" Master Yoda
  • #1,354
  • Jun 26, 2009 2:00pm Jun 26, 2009 2:00pm
try the first page?
Quoting Paupau MX
Hi Bob, do you by any chance know in what post # i can find this indicator? ive looked at your charts and i can see that the box is between 13:00 and 15:30 GMT thanks.
PM Me If You Need Help!
  • #1,355
  • Jun 26, 2009 4:23pm Jun 26, 2009 4:23pm
Quoting BobHall
yeah, been a horrible day today, just bearly made 120 pips today. not happy
Bob...Bob...Bob,

I would be ecstatic with +120 pips. today! Please share with us how you accomplished this feat. After all, I am a bit jealous! LOL
  • #1,356
  • Jun 26, 2009 4:29pm Jun 26, 2009 4:29pm
I've created the attached EA to backtest this system.

I can't seem to get solid results for it. Sometimes it works well, sometimes it doesn't. My manual backtesting has the same general results.

Can someone who is successful with this system please test out my EA and tell me if it executes trades that don't follow the rules?

I have added lots of parameters to tweak the system, but the defaults are as I understand the rules to be. If you are interested in what the parameters do, let me know.

I have the hour to enter the trade as 13 which corresponds to 9am on my IBFX charts. This can be changed via the trade_hour parameter.
Attached File(s)
File Type: ex4 jason-7am-9am.ex4   9 KB | 646 downloads
  • #1,357
  • Jun 26, 2009 9:30pm Jun 26, 2009 9:30pm
If anyone here say this method is not profitable, I guess he will fail in any other trading method. I trade ONLY for GU....very profitable.
  • #1,358
  • Jun 26, 2009 11:52pm Jun 26, 2009 11:52pm
Quoting bulkbiz
If anyone here say this method is not profitable, I guess he will fail in any other trading method. I trade ONLY for GU....very profitable.
Bulkbiz,

What trading parameters are you using in trading GU with this strategy? SL, TP, etc..

Thanks
  • #1,359
  • Jun 27, 2009 3:00am Jun 27, 2009 3:00am
Quoting Bobcat2
Bulkbiz,

What trading parameters are you using in trading GU with this strategy? SL, TP, etc..

Thanks
First page....exactly the same, why want to change???But of course you need to apply BASIC technical analysis into it. If there is a strong support/resistance line above/below the break, of course I will not trade it. I assume this basic forex knowledge everybody should know.
  • #1,360
  • Jun 29, 2009 8:29am Jun 29, 2009 8:29am
[IMG]file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/DOCUME%7E1/Dev/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]On my chart, I have the top line at 1.4074 for a buy and the bottom line 1.4043 for a sell.

Waiting for price to hit either line.

Account size: $usd300

Can afford to risk: 25% of $300 = $75

Pip range: (1.4074 - 1.4043)*10000 + 5 pips (spread)= 36 pips

Can afford to play: ($75 / 36) = $2 per pip (rounded off)

Right now at 9.25 pm singapore time or 9.25 am NY time, price is hanging at 1.4055.

Lets see how this turns out.

By the way $300 has been my profit since last december. I have taken my initial deposit out. Now I'm banking on my profit to make it big someday. Slowly but surely...I hope I get there...
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