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Weekly Gbpjpy Breakout System

  • #581
  • Apr 4, 2009 7:27am Apr 4, 2009 7:27am
Quoting easyliving
Thanks Zeura. I've copied the rules and still reading through the thread. In a nutshell, do we use friday's last 2 or 3 candles? Also, how do we address the gap?
Hi easy.

We use 2 last candles.

For gaps:
-If the gap is small (about 20 pips) we can ignore it.
-If the gap is too big (more than 70-80 pips) i will not take the trade.


zeuzera
  • #582
  • Apr 5, 2009 4:41pm Apr 5, 2009 4:41pm
HI-148.89

LO-147.83


Range is 106 pips.

Small gap is now closed.
  • #583
  • May 5, 2009 6:06pm May 5, 2009 6:06pm
Did any one get 150 pips this week? What did you get and what range did you use. I have learn not to trade after holidays on this weekly system. Last tear it killed me!

It was a small range this week but, i still got the 150 pips. Very tight very close.
  • #584
  • May 5, 2009 6:09pm May 5, 2009 6:09pm
I havent used a spread sheet. I win some. I lose some. Thats a part of trading. Ill go back and see what i come up with since last august. give me a little time!



Quoting Justin
smurf

Do you use any spreadsheet for calculating the entry buy/sell points?

If so then can you share it please.

Thanks
  • #585
  • May 6, 2009 5:01am May 6, 2009 5:01am
Quoting smurf
I havent used a spread sheet. I win some. I lose some. Thats a part of trading. Ill go back and see what i come up with since last august. give me a little time!
Maybe my question was not clear enough

What I ment is the entry levels Buy & Sell how do you calculate them? By hand or using a spreadsheet. Because I am finding it difficult to calculate the proper entry levels.

Thanks.
  • #586
  • May 6, 2009 5:48am May 6, 2009 5:48am
The way that i Calculate is whatever the high is i add 13 to the high to get the buy.

My rang is always 150.That is what i am use to using.


What ever the low is i still subtract 1 to get the sell.

I still use the original rules.
The only thing i do different, i use a 150 range. Some people use 50 some 100.

What ever the range is that is my limit and stop loss.

I do it all by hand.




Quoting Justin
Maybe my question was not clear enough

What I ment is the entry levels Buy & Sell how do you calculate them? By hand or using a spreadsheet. Because I am finding it difficult to calculate the proper entry levels.

Thanks.
  • #587
  • May 10, 2009 2:43am May 10, 2009 2:43am
Who is trading the system this week after nfp. I will post the high low that i have shortly.
  • #588
  • May 27, 2009 1:00am May 27, 2009 1:00am
anyone still using this method ?
Twitter: @forexpokerpro
  • #589
  • Jul 3, 2009 8:22pm Jul 3, 2009 8:22pm
If anyone is trading this week what are your hi -lo?

It did not make it to the 100 pip range!

Ill just sit on the side line and watch.


Any thoughts?
  • #590
  • Jul 4, 2009 2:49pm Jul 4, 2009 2:49pm
I'm using it quite successfully. I only took the BUY side last week, and took all the profit at 2X, after adding 2 other orders during Monday.

I wrote an indicator, and it's attached.

Ron(ForexMT4.com)


Quoting BBPI_fxtrader
anyone still using this method ?
Attached File(s)
File Type: mq4 4HR Weekly GJ_Ron_V01a.mq4   5 KB | 683 downloads
  • #591
  • Jul 5, 2009 12:13am Jul 5, 2009 12:13am
Quoting ronzzer
I'm using it quite successfully. I only took the BUY side last week, and took all the profit at 2X, after adding 2 other orders during Monday.

I wrote an indicator, and it's attached.

Ron(ForexMT4.com)

Thanks Ron, great job !!!
  • #592
  • Jul 5, 2009 6:10pm Jul 5, 2009 6:10pm
Quoting ronzzer
I'm using it quite successfully. I only took the BUY side last week, and took all the profit at 2X, after adding 2 other orders during Monday.

I wrote an indicator, and it's attached.

Ron(ForexMT4.com)
Ron,

Are you using the Range X 2?
How are you trading this system to make it work for you?

Thanks
Smurf
  • #593
  • Jul 7, 2009 1:13pm Jul 7, 2009 1:13pm
Quoting smurf
If anyone is trading this week what are your hi -lo?

It did not make it to the 100 pip range!

Ill just sit on the side line and watch.


Any thoughts?
hi 157.12
lo 156.42
range 70

Just sitting on the side line to watch, according to the rules. There is always next week.

If you traded the range you made the pips.

But under the range i will not trade it.
  • #594
  • Jul 7, 2009 6:39pm Jul 7, 2009 6:39pm
about 156.60 hi
about 154.59 lo
197 pip window that includes 20 pip buffer and spread each side

Opened several orders as the price dropped on Monday. Suffered some drawdown, but currently up 250 pips.

Broker=IBFX

Ron(ForexMT4)



Quoting smurf
hi 157.12
lo 156.42
range 70

Just sitting on the side line to watch, according to the rules. There is always next week.

If you traded the range you made the pips.

But under the range i will not trade it.
  • #595
  • Jul 13, 2009 1:23am Jul 13, 2009 1:23am
Fxcm

hi-150.51
lo-148.46
range-105

lost buy

sell triggered. I double my lots.
  • #596
  • Jul 13, 2009 7:51am Jul 13, 2009 7:51am
Quoting smurf
Fxcm

hi-150.51
lo-148.46
range-105

lost buy

sell triggered. I double my lots.


sell was a sucess
  • #597
  • Jul 13, 2009 1:19pm Jul 13, 2009 1:19pm
Smurf,
Any history or backtesting this with doubling your lots on trade #2?
  • #598
  • Jul 13, 2009 6:43pm Jul 13, 2009 6:43pm
Quoting mikeh3855
Smurf,
Any history or backtesting this with doubling your lots on trade #2?

Hellow Mikeh3855,

I do not recomend doubling up.

I am using this strategy in a live account. FXCM.

Still going through the thing of stop loss and limit orders on the trading station.

I had to do it by hand.

Have to figure it out how to do it. I dont know how to use EA, and how to load things on my chart.

Back to the question; Any history or backtesting this with doubling your lots on trade #2?

If you read through the thread it talks about it. This was the second time i doubled my lot size since trading it live. So i have no history. Still tring to figure out what works.

I have done no backtesting. I can only go by what i have done in foward testing in a demo and live account since August. Does it have drawdown periods, sure it has. All systems has. Like some of the other breakout strats it has thier drawdowns but that is part of trading. I just try to wither the storms by toughing it out with MM.

Some of the answers lie in the daily thread. http://www.forexfactory.com/images/misc/paperclip.gif Daily GBP/JPY Breakout System
billbss

I hope i have answered your questions.

If not let me know.



Happy pipping.
  • #599
  • Jul 13, 2009 7:42pm Jul 13, 2009 7:42pm
Yes, answered my questions. Thanks.
  • #600
  • Jul 20, 2009 2:03am Jul 20, 2009 2:03am
Hi-154.62
lo-153.25
range is 224

+65 as i type.
Good luck.
Smurf
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