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4H Box Breakout

  • #1,301
  • Edited 8:40pm Jul 26, 2009 8:21pm | Edited 8:40pm
mine this week

buy stop : 156.54

Sell stop : 154.89
  • #1,302
  • Jul 26, 2009 8:24pm Jul 26, 2009 8:24pm
Quoting 11andy11
Wasn't trying to rip you. Just making a suggestion as it sounded like you had not read through it. It appears that the trailing stop system still uses the initial entry criteria as the original system. Buffer on reentry is a whole other deal that seems to still be in beta.

LOL, Thanks. I felt like I got my fingers smacked, but seeing as it was my first post in the thread. hehe!
  • #1,303
  • Jul 26, 2009 8:24pm Jul 26, 2009 8:24pm
I am demoing Alpari US with MetaTrader. I looks like my 1st four hour bar will not be complete until 10PM US EST. Am I to understand that some traders are entering their limits right now...and I am still waiting an other 37 minutes to do so....Won't we have some different outcomes by what time our feed's 4hr closes at?
  • #1,304
  • Jul 26, 2009 8:25pm Jul 26, 2009 8:25pm
Quoting sorsurus
mine this week

Sell stop : 154.89

buy stop : 156.54
Your broker gives you a better spread than mine.

Buy stop-156.51
Sell stop- 154.85

Thanks for the info. Just making sure I am not trading alone.
  • #1,305
  • Jul 26, 2009 8:27pm Jul 26, 2009 8:27pm
Looking for a good run this week!
Good luck everyone
Attached Image (click to enlarge)
Click to Enlarge Name: july26.gif Size: 50 KB
  • #1,306
  • Jul 26, 2009 8:35pm Jul 26, 2009 8:35pm
Quoting Razor_trader
Mine ended 49 mins ago, but depending on your broker your price feed may be different. Im with GFT and my very first 4 hours ends at 8.00am here in Australia.
If you are not using the same 4H Box parameters and time established by Ace from FXDD, you are trading an altogether different strategy. The price action you are trading WILL differ from Ace's results because your box will be different from Ace's box. I believe that adds confusion to the basic strategy.

I use Aces's parameters from FXDD and trade them on Oanda, but I surely don't use those earlier candles.
  • #1,307
  • Jul 26, 2009 8:38pm Jul 26, 2009 8:38pm
Quoting bobcat2
if you are not using the same 4h box parameters and time established by ace from fxdd, you are trading an altogether different strategy. The price action you are trading will differ from ace's results because your box will be different from ace's box. I believe that adds confusion to the basic strategy.

I use aces's parameters from fxdd and trade them on oanda, but i surely don't use those earlier candles.
need to key in manually using the 4h box.
  • #1,308
  • Jul 26, 2009 8:59pm Jul 26, 2009 8:59pm
Quoting calderone
Your broker gives you a better spread than mine.

Buy stop-156.51
Sell stop- 154.85

Thanks for the info. Just making sure I am not trading alone.
HELP!!!WHY AM I NOT IN SINC WITH YOU GUYS.At 00.00 4hr chart my H=155.98 L=155.15 Using cal Entry long =156.14 shot= 155.05 on IBFX.
  • #1,309
  • Jul 26, 2009 9:01pm Jul 26, 2009 9:01pm
Quoting Ben-1
HELP!!!WHY AM I NOT IN SINC WITH YOU GUYS.At 00.00 4hr chart my H=155.98 L=155.15 Using cal Entry long =156.14 shot= 155.05 on IBFX.
Sorry about typo error---fat fingers.
  • #1,310
  • Jul 26, 2009 9:03pm Jul 26, 2009 9:03pm
I,m with you Ben. My 00.00 4hr just closed a few minutes ago
  • #1,311
  • Jul 26, 2009 9:04pm Jul 26, 2009 9:04pm
Quoting Ben-1
Sorry about typo error---fat fingers.

fxdd high 156.22
low 155.14

Maybe just download a demo from fxdd and then place trades on your ibfx ?
  • #1,312
  • Jul 26, 2009 9:08pm Jul 26, 2009 9:08pm
Quoting Ben-1
HELP!!!WHY AM I NOT IN SINC WITH YOU GUYS.At 00.00 4hr chart my H=155.98 L=155.15 Using cal Entry long =156.14 shot= 155.05 on IBFX.
i'm using ibfx too
my sellstop=154.95 with 20 pips buffer
my buystop=156.24 with 20 pips buffer and 7 pips spread
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  • #1,313
  • Jul 26, 2009 9:11pm Jul 26, 2009 9:11pm
Quoting hesychast85
I,m with you Ben. My 00.00 4hr just closed a few minutes ago
Thank you for your response, I appreciate it very much For a minute there i was getting paranoid and since I was not in sync. with other results I am located in southern california which is pacific daylight savings time but I am using GMT. which should not have mattered.
  • #1,314
  • Jul 26, 2009 9:12pm Jul 26, 2009 9:12pm
I use FXDD and using Droland's handy spreadsheet I come up with slightly different numbers than Ace!? I checked the formulas and they all seem to line up true to Ace's method so I'm not sure what gives. They're only out a few pips but it's still frustrating trying to figure out why. Maybe it's staring me right in the face....

4H Box Breakout CalculationGBPJPYEURJPYINPUTVARIABLESINPUTVARIABLESFirst Box HIGH156.22 Buffer20First Box HIGH134.95 Buffer17First Box LOW155.14 Spread9First Box LOW134.25 Spread4CALCULATED FIELDSCALCULATED FIELDSBox Height (Pips)108 TP in Pips166 Box Height (Pips)70 TP in Pips112 LONGSHORTLONGSHORT Entry Long156.51 Entry Short154.93 Entry Long135.16 Entry Short134.07 SL154.94 SL156.52 SL134.08 SL135.17TP1158.17 TP1153.27TP1136.82 TP1132.95TP2159.83 TP2151.61TP2138.48 TP2131.29TP3161.49 TP3149.95TP3140.14 TP3129.63TP4163.15 TP4148.29TP4141.80 TP4127.97Step BE157 Step BE159 Step BE108 Step BE110
  • #1,315
  • Jul 26, 2009 9:20pm Jul 26, 2009 9:20pm
How 'bout the attachment instead....
Attached File(s)
File Type: xls 4H Box Calculation v2.xls   21 KB | 388 downloads
  • #1,316
  • Jul 26, 2009 9:43pm Jul 26, 2009 9:43pm
To keep trades simple. may I suggest that you use the first bar of the week.

That is what I do.

The results will average itself out over time.
  • #1,317
  • Jul 26, 2009 9:44pm Jul 26, 2009 9:44pm
15 minutes to go to place entry order, is this correct?
  • #1,318
  • Jul 26, 2009 9:47pm Jul 26, 2009 9:47pm
Quoting jepa
How 'bout the attachment instead....
I'm attaching the excel variation I threw together a while ago. These are the numbers I use for my entries, targets and stoplosses.
Attached File(s)
File Type: xls 4H Box Calculation(Ace284).xls   10 KB | 792 downloads
  • #1,319
  • Jul 26, 2009 10:02pm Jul 26, 2009 10:02pm
Quoting Ace284
I'm attaching the excel variation I threw together a while ago. These are the numbers I use for my entries, targets and stoplosses.
Thanks fellow Canuck!
  • #1,320
  • Jul 26, 2009 10:04pm Jul 26, 2009 10:04pm
Quoting jepa
Thanks fellow Canuck!
LoL no problem
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