7am-9am Big Dog USD Breakout Strategy

firstly, thanks very much for the idea of Big dog breakout strrategy
i've already checked last two months with this (i mean backtesting) and depending only on that two months I think when there is ranging market, and price doesn't touch low or high for all day, it is better to leave the buy/sell stop open overnight or even till next us open.
secondly, in 95% cases when 30p-target was hit the 50p was hit as well, so i would forget about 30
the next thing i think it is a good idea to look at ema cross 5 close& 8 open because why go home with 50pips when the trend is going with us
there is 50 pages so probably it's not a big discovery what i have said but i need to share my observations with others ,what do you think about this?

Follow the trend, perhaps we can go home with more in the basket.
Moving SL could be another way to enjoy the ride while locking in profits..

Got it.
Thank you.

When do you start your box?

Thanks

I have this EA on 30 min charts for GBPUSD, and it did not make any trades this morning. Shouldn't it place a high and low order every day?

I have now read and followed a number of these threads the all rely on box times as I am sure you will all agree. So as thread participants are from time zones all around the world why not use a time constant for all these ideas strat etc.? If everybody posted their plans etc in UTC (Universal Time Constant) ie GMT which is no longer used for PC reasons then everybody could easily adapt their platform or location to this universal time constant. This would stop all these comments and questions on time frames. I hope you agree.

I look forward to your comments.

Keith.

First off, thank you to DZNMRD & CTGuy and everyone else for sharing with us this strategy. I've spent 3 days reading through every single page of this thread (and LucasHammer's thread), and like to say to the key contributors your contribution to the forex community has been invaluable to me.

I'm not going to rehash all the basic rules, but IMO the key issues revolve around the drawing of the "Box", the currency pair selected, Money Management and the appropriate level at which stop losses are set.

I understand the original rules are strict, but I'm also interested in the variants that various people have come up with. For example, LucasHammer's use of fibos makes a lot of sense, but I don't quite know how to achieve the right outcome using MT4's fibo tool.

I also don't understand people's confusion over the GMT time. It's 7am to 9am New York time. Forget your broker time. Just head to fxstreet.com and you'll see the times for London, New York, Tokyo, etc etc. Compare that to your real world time and adjust accordingly.

I'm starting to backtest the overall big dog strategy, but my biggest fear of course is the false breakout, and the resulting destruction if you're trading several pairs.

Queries:
(1) does anyone here more success using the London Box rather than the NY Box? (for purposes of discussion here ignore the the London progressive strategy thread)

(2) Some people are using a 6.30am to 9am time (for New York I believe). Anyone have better luck using this time frame for London?

(3) what about success on trading specific days - i.e. only Tuesdays to Thursdays? Any luck on days where there is a lack of major items on the economic calender affecting USD?

(4) what about success on currency pair selection, which is the most successful pairs, ie. only trading GBP/USD, EUR/USD?

(5) setting the buy stop/sell stop - +1 pip outside the Box (as suggested in original) or at the first fib S/R level (as suggested by LucasHammer)?

(6) setting the stop loss - at -25pip (suggested in an earlier thread), at the opposite end of the Box (which I've noticed caused some catestrophic losses for some traders), or LucasHammer's stop loss of -15 from the first fibo level.

(7) money management - how heavy do you load up your buy/sell stops? 0.10 lots for every $1000 in your capital as suggested by CTGuy?

(8) anyone have success in range scalping with the trend, using the Big Dog strategy as informative background?

Any constructive input, discussion and/or success stories are greatly appreciated.

Keep up the good work gentlemen.

Regards
Chris.

Hi all,

Can anyone tell me the page to find the latest version of 7am-9am breakout EA? I have 7am-9am breakout_v2.


Thanks.

Hey friend, go here , post #27
http://www.forexfactory.com/showthre...=103682&page=2

Indicator , bottom of posted chart

You have to set your time in accordance with your broker, once set properly it will reset everyday.
The manual method is on the first page, works great, follow the rules..

GL

Pipen,

Do you only open a pair (buystop and sellstop) a day, or repeatly open once the price is trigered?

Thanks, I am using this one test so far.
Also, do you mind to delete the pending order, once there is one executed?

am i getting this right?
i am planning on selling EUR/USD at 1.4209 or buying at 1.4255?
thanks

pipple; that's what I got.
Steve

Is there an EA to place the buy/sell stop orders automatically?

is your time for breakout 10-12 gmt?

LOL!!!

Classic....

Im in the process of reading this thread and demo trading this system..Thanks alot, I will give feedback soon.

OKAY, having read the thread the one thing I will need to experiment with is the buffer. If I was using a broker who took commision rather than a spread I believe this would be less of an issue. As my broker commonly uses 3pips G/U spread I will be going for a 4 pip buffer. (3pip spread+1 pip over high/low).

Can anyone else give me feedback on whether you are using a buffer or not (please only those trading the method in the first post).

Signing up.

Here are some demo results from the past 2 days. Sharing this to make sure I'm on the right track. Do you only trade 1 pair or multiple pairs each day? Are there other qualifications for entry aside from breaking the high/low of the 2 hours prior to the open?
Thanks,
Date Pair Direction Pips +/-
7/28 E/U Short +30
7/28 U/Chf Long +30
7/28 G/U Short +30
7/28 U/J Long -46 Day Total = +44

7/29 G/U Long +30
7/29 U/Cad Short -47
7/29 E/U Short +30
7/29 U/Chf Long +30
7/29 U/J Short -45 Day Total = -2

I'm not telling you what to do but U/J and U/Cad are not big movers anyway, maybe you should leave them off. I also don't place trades on all of them-of course I trade live so sometimes I gun for smaller pips and increase lot size.

Now, having said that-I've seen days when u/j has the best break. lol

Hi,

Thank You guys for this thread!

can someone please help me, I am using this EA:

http://www.forexfactory.com/showpost...postcount=1453

but where can I type in the SL?


Pauly