0400-0700 GMT Breakout Strategy | Forex Factory

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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

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  • Profitable Strategy?
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  • #1
  • First Post: Edited Jan 26, 2010 10:31am Jul 18, 2009 6:30pm | Edited Jan 26, 2010 10:31am
this strategy is the london open variation of "7am-9am Big Dog USD Breakout Strategy" http://www.forexfactory.com/showthread.php?t=103682

start of period: 04:00 gmt
end of period: 07:00 gmt

TP1: 30
TP2: 60
SLs are on otherside of the bands
after 30pip hit move SL to b/e

**During the summer London is on BST (GMT+1)
04:00 gmt = 05:00 london summer = 04:00 london winter = 00:00 ny summer =23:00 ny winter
07:00 gmt = 08:00 london summer = 07:00 london winter = 03:00 ny summer =02:00 ny winter
please visit for more information about time zones: http://wwp.greenwichmeantime.com/



 **** also see:

  1. Scullmeister's method
  2. Grant breakout method




http://img29.imageshack.us/img29/6129/capturewiz057.png
http://img190.imageshack.us/img190/8...turewiz058.png

  • #2
  • Jul 18, 2009 6:32pm Jul 18, 2009 6:32pm
http://img195.imageshack.us/img195/6...turewiz059.png
http://img119.imageshack.us/img119/1...turewiz060.png
  • #3
  • Jul 18, 2009 6:33pm Jul 18, 2009 6:33pm
http://img29.imageshack.us/img29/5662/capturewiz061.png
http://img190.imageshack.us/img190/2...turewiz062.png
  • #4
  • Jul 18, 2009 6:33pm Jul 18, 2009 6:33pm
http://img29.imageshack.us/img29/7194/capturewiz063.png
  • #5
  • Jul 18, 2009 7:09pm Jul 18, 2009 7:09pm
gbpusd results on 08 june to 06 july

980 pips in a month (21days)

http://img18.imageshack.us/img18/9643/resgu.png
  • #6
  • Jul 18, 2009 7:20pm Jul 18, 2009 7:20pm
single tp variation (tp30)

 http://img189.imageshack.us/img189/8158/ekranalnts2.png
http://img269.imageshack.us/img269/9393/ekranalnts5.png
  • #7
  • Jul 18, 2009 7:22pm Jul 18, 2009 7:22pm
single tp variation results:
16mar-17jul gbpusd tp30

1700 pips in 4months

http://img20.imageshack.us/img20/8200/gu4aylkm.png
  • #8
  • Jul 18, 2009 8:02pm Jul 18, 2009 8:02pm
You can also get some pretty nice follow through trends if you let them develop,,,,Especially with the high stop/to profit ratio,,,Take two positions,,,Dump one at the 30 or 60 tp,,,,Go to BE,,Let the balance run,,,,$$$$
  • #9
  • Jul 18, 2009 8:52pm Jul 18, 2009 8:52pm
posting to subscribe
  • #10
  • Jul 18, 2009 9:23pm Jul 18, 2009 9:23pm
i know everyone to their own but any suggestion on money management
"The person who knows that enough is enough, will always have enough". .
  • #11
  • Jul 18, 2009 9:51pm Jul 18, 2009 9:51pm
This looks to be well documented.

As for MM, I suggest you borrow from Ace's 4H breakout system. TP is a multiple of SL
  • #12
  • Jul 18, 2009 11:24pm Jul 18, 2009 11:24pm
Thank you
I found this strategy is great
and used for 2 weeks with no loss~~
but ...i did a variation . i include 0700 - 0730 bar
  • #13
  • Jul 18, 2009 11:26pm Jul 18, 2009 11:26pm
can you share the EA?
Thank you~~~
Quoting tasciy
single tp variation results:
16mar-17jul gbpusd tp30

1700 pips in 4months

http://img20.imageshack.us/img20/8200/gu4aylkm.png
  • #14
  • Jul 19, 2009 12:53am Jul 19, 2009 12:53am
any EA to backtest this for a period of 2 - 3 years ?
  • #15
  • Jul 19, 2009 3:02am Jul 19, 2009 3:02am
The new york system uses a trailing stop, what kind of results would that give?
  • #16
  • Jul 19, 2009 4:12am Jul 19, 2009 4:12am
Quoting wltam
Thank you
I found this strategy is great
and used for 2 weeks with no loss~~
but ...i did a variation . i include 0700 - 0730 bar
He also includes the 0700 - 0730 bar.
  • #17
  • Jul 19, 2009 4:29am Jul 19, 2009 4:29am
Quoting tasciy
this strategy is the london open variation of "7am-9am Big Dog USD Breakout Strategy"...
tasciy,

Thank you for sharing, i've just got two questions:

1) Is there any particular reason behind selecting a three hour band from 4am-7am?
2) How long have your backtested/forward tested this? (it's quite possible your results are skewed)

Z
  • #18
  • Jul 19, 2009 4:48am Jul 19, 2009 4:48am
Quoting zuret9
tasciy,

Thank you for sharing, i've just got two questions:

1) Is there any particular reason behind selecting a three hour band from 4am-7am?
2) How long have your backtested/forward tested this? (it's quite possible your results are skewed)

Z
Look at the charts.
It's a 3 1/2 hour band, from 04:00 through 07:30.
  • #19
  • Jul 19, 2009 6:22am Jul 19, 2009 6:22am
Thank you for sharing this tasciy!

My questions are: You use this strategy even when there are big news out for the day, yes? Do the news usually help you to profit (faster?), or otherwise?
  • #20
  • Jul 19, 2009 7:43am Jul 19, 2009 7:43am
Quoting billbss
Look at the charts.
It's a 3 1/2 hour band, from 04:00 through 07:30.
I was going by what was written and not the charts. However, the charts should show a 3hour band as that is what was quoted (imo)!!!

Z

Quoting tasciy
this strategy is the london open variation of "7am-9am Big Dog USD Breakout Strategy" http://www.forexfactory.com/showthread.php?t=103682

start of period: 04:00 gmt
end of period: 07:00 gmt
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