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

  • #321
  • Jul 29, 2009 12:55am Jul 29, 2009 12:55am
Quoting jasonphd
I've made some updates to include price labels like you've asked for.

I've also included a new param to place a hard stop loss line like someone else asked for. Leave stop_loss_x_pips_within_box = 0 if you don't care to use this feature, otherwise stoploss lines will be drawn within the box.
Hi Jason, thanks for the great indi it is easier to monitor with this indi

Btw, I noticed that the Entry and SL price did not appear on the right hand side, where it suppose to be there..... is it only me or other also encounter the same?
Attached Image (click to enlarge)
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  • #322
  • Jul 29, 2009 1:12am Jul 29, 2009 1:12am
and or a while i didnt think it would work today, lol, what do I know!?
  • #323
  • Jul 29, 2009 1:24am Jul 29, 2009 1:24am
Quoting wawarulez
and or a while i didnt think it would work today, lol, what do I know!?

wawarulez I hope you didn't stop your entries? If you entered in tonight with 2 entries hold on to one because a 4H trend line is brocken, bears all the way downnnnnnnnn!!!!!!!!!!!!!!!!!!!!
  • #324
  • Jul 29, 2009 1:28am Jul 29, 2009 1:28am
lol, i have a tiny tiny account, and i can only afford to open one and I closed but looking bak at the 4H chart i see what you mean... im going to have to open 2 trades from now on! it just hit the 0.38 fib number on daily so that could be the end of it.... mayb.... Im not to knowledgeable about reading charts. I'll get better
  • #325
  • Jul 29, 2009 1:28am Jul 29, 2009 1:28am
Guys I would like to share one more thing, I am confi to say that g/j is another one or even with better results than g/u to use as well. First time tonight I have entered with g/j and I got great results, it just completed profit#2 with in 2.5 hours. The only change is that the buffer would be 8pips instead of 7 and I would take more profit like TP1 35-40 pips easily..... try g/j you guys will love the results.
  • #326
  • Jul 29, 2009 1:31am Jul 29, 2009 1:31am
same time for box? 2-5GMT?

and it just bounced off 0.38 fib on daily again
  • #327
  • Jul 29, 2009 1:32am Jul 29, 2009 1:32am
Quoting wawarulez
lol, i have a tiny tiny account, and i can only afford to open one and I closed but looking bak at the 4H chart i see what you mean... im going to have to open 2 trades from now on! it just hit the 0.38 fib number on daily so that could be the end of it.... mayb.... Im not to knowledgeable about reading charts. I'll get better
you know what you need, you need forex.com, the spreads are one of the lowest and they are doing very well financially.

Also please enter with 2 entries with smaller pip values.
  • #328
  • Jul 29, 2009 1:34am Jul 29, 2009 1:34am
well im doing 50p a pip now on IG thats lowest it will go, I'll go to forex now thanks for the tip

by the way, im only using this small amounts for a week or so till I feel more comfortable
  • #329
  • Jul 29, 2009 1:36am Jul 29, 2009 1:36am
if only cable would be this obedient everyday!

i've been monitoring this strategy on e/u, e/j and u/c as well, and it seems to works for first TP of 20-25 pips. more forward/back testing needed tho.
  • #330
  • Jul 29, 2009 1:38am Jul 29, 2009 1:38am
just a curios question, u guy no longer trade 4 ~7 time zone? or nw trading japan season?
  • #331
  • Jul 29, 2009 1:40am Jul 29, 2009 1:40am
Quoting fed
you know what you need, you need forex.com, the spreads are one of the lowest and they are doing very well financially.
hey fed, since u'r talking abt brokers, any idea which brokers who are not doing well? am thinking of depositing some funds into FXDD but i have my reservations.
  • #332
  • Jul 29, 2009 1:40am Jul 29, 2009 1:40am
I'm trading 2-5 GMT box on g/u
  • #333
  • Jul 29, 2009 1:40am Jul 29, 2009 1:40am
Quoting wawarulez
well im doing 50p a pip now on IG thats lowest it will go, I'll go to forex now thanks for the tip

by the way, im only using this small amounts for a week or so till I feel more comfortable
i understand, I don't know when you started with trading but a year and half ago I use to be affraid as well when I first went live. And since then I kept my account with a small loss(about $2000 I lost, thanks to money management). I gained my losses. I am thinking back now and if I haven't lost something, may be I would never going to get rid of my fear. Thank GOD I lost some
  • #334
  • Jul 29, 2009 1:42am Jul 29, 2009 1:42am
Quoting sooyen
hey fed, since u'r talking abt brokers, any idea which brokers who are not doing well? am thinking of depositing some funds into FXDD but i have my reservations.
I would only recoment top 10 brockers, IBfx, forex.com fxDD they are all top 10. go for it.....
  • #335
  • Jul 29, 2009 1:45am Jul 29, 2009 1:45am
Goodnight and for some of you goodmorning. I need to go to bed, I have to wake up for work tomorrow I hate work.
  • #336
  • Jul 29, 2009 1:58am Jul 29, 2009 1:58am
yeah, I guess I need to grow a set and not be too affraid.

Just downloaded forex demo account... its confusing the hell out of me, guess I'll just watch tutorials all day, wooooo.

Fed and everyone else who has been trading for over a year or so, do you use this system all year around, cos I have been reading a few forums and some people say its untradable during busy months and its only working due to these months being slow. Was just wondering if this is right?

Thanks
  • #337
  • Jul 29, 2009 2:01am Jul 29, 2009 2:01am
Quoting jasonphd
I've made some updates to include price labels like you've asked for.

I've also included a new param to place a hard stop loss line like someone else asked for. Leave stop_loss_x_pips_within_box = 0 if you don't care to use this feature, otherwise stoploss lines will be drawn within the box.

legend jason, thanks
  • #338
  • Jul 29, 2009 2:02am Jul 29, 2009 2:02am
Quoting wltam
error 130 is Invalid stops.

Can you try to adjust the value of TP1 TP2 etc. to one more zero?
i.e. 300 --> 3000

as ....300 for my 5 digit is equal to 30pip so that i think u can try 3000

Thank

Thanks...I still get this problem (Alpari and Fxpro) when I backtest. I am now forward testing in demo. Seems it is placing orders properly. will see how it goes
  • #339
  • Jul 29, 2009 3:17am Jul 29, 2009 3:17am
as for brokers i am in Australia, was sick of the US brokers. No hedging and more rules coming in soon including no stop losses???? So i wanted an Aussie one and i am using Go Markets Aus. Been good so far.

Today i traded the GBPUSD and the GBPJPY and got my TP2 which is 30 pips. At 60 pips in total i am rather happy with that. I think it will also work well on the EURJPY. I am trading the 2-5GMT using Jason's box.

I also noticed it didnt draw the entry points onto todays box???
  • #340
  • Jul 29, 2009 3:40am Jul 29, 2009 3:40am
HI all,

have read through the entire thread and many thanks to fed and tasciy for their invaluable input...

i have checked the attachments list and see that there are a couple of different EA versions for this...

can someone point me to the one that is being used/tested please..


many thanks in advance

Grant
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