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

  • #341
  • Jul 29, 2009 3:59am Jul 29, 2009 3:59am
What size buffer (spread+distance to avoid false breakout) from high to low does everyone suggest/have good experience with?

I think spread+1pip could be enough.
  • #342
  • Jul 29, 2009 4:34am Jul 29, 2009 4:34am
i highly recommend a 30 pip SL and exiting at daily pivot S+Rs.
  • #343
  • Jul 29, 2009 7:01am Jul 29, 2009 7:01am
Quoting anto
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
actucally , i run well for my FxPro
do you mind to try this again? modify a little bit
Attached File(s)
File Type: ex4 EA_fed_2.ex4   5 KB | 360 downloads
File Type: mq4 EA_fed_2.mq4   4 KB | 472 downloads
  • #344
  • Jul 29, 2009 8:56am Jul 29, 2009 8:56am
Hi Jason,
Awesome indicator good work, would it be possible to add 2 more levels to the indicator?? The HIGH and LOW of the period?? If too much trouble dont worry about it.

Cheers
Ian


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.
  • #345
  • Jul 29, 2009 9:17am Jul 29, 2009 9:17am
Quoting wawarulez
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
I think you should download their MT4 not the old platform which I don't use either.

That is not true. I don't believe what I read from online, I have backtested this system even it was fast or slow volatility and it will work all year long except the long weekends like holidays Chrismast, boxing days, New years etc..
  • #346
  • Jul 29, 2009 9:26am Jul 29, 2009 9:26am
Quoting wltam
actucally , i run well for my FxPro
do you mind to try this again? modify a little bit
hi, I have tryed yours but when I drag the file to my screen nothing shows up though.
  • #347
  • Jul 29, 2009 9:27am Jul 29, 2009 9:27am
jason your indicator does not work for me like it works for other strange

Quoting iansr1
Hi Jason,
Awesome indicator good work, would it be possible to add 2 more levels to the indicator?? The HIGH and LOW of the period?? If too much trouble dont worry about it.

Cheers
Ian
"The person who knows that enough is enough, will always have enough". .
  • #348
  • Jul 29, 2009 9:29am Jul 29, 2009 9:29am
Hi Fed,
So far from what I have read, what are the pairs that you trade with for live and feel confident with. So far i think i saw only GU and you are testing GBPJPY.

are there any others?

Regards,
Gyfu
  • #349
  • Jul 29, 2009 9:29am Jul 29, 2009 9:29am
another good day for fed's breakout 2-5gmt 100pips oh am not trading live yet but getting ready to building confidence

4-7gmt not doing well another fasle breakout
"The person who knows that enough is enough, will always have enough". .
  • #350
  • Edited 9:41am Jul 29, 2009 9:31am | Edited 9:41am
My brocker raised the spread and I couldn't make the TP2 even I hit the linewith 3 pips over. I know what to do next time. I have some plans to avoid these sytuations. I will either not put a TP2 when I receive the aler for my cell I would close it then or I would target few less pips from now on.

I forgot to include this line, I would like to start subtracting spreads for shorts. I don't know why I haven't doing it before. I will back test before I go live.
  • #351
  • Jul 29, 2009 9:32am Jul 29, 2009 9:32am
Quoting maq
jason your indicator does not work for me like it works for other strange
me neither maq,

the take profits are only just outside the range 3 pips apart, and the box is fluctuating constantly by a pip or so constantly?
  • #352
  • Jul 29, 2009 9:35am Jul 29, 2009 9:35am
Quoting gyfu
Hi Fed,
So far from what I have read, what are the pairs that you trade with for live and feel confident with. So far i think i saw only GU and you are testing GBPJPY.

are there any others?

Regards,
Gyfu
hi Gyfu, I trade live with both g/u and g/j, I recomment g/j to be honest, I trust that pair more then g/u because of my testing prev and back tesing showed a lot better results. If you guys are happy with g/u then try g/j and you guys would be even happier. I had a great night 120 pips with g/j and just barelly made another 100 pips with g/u but my brocker increased spreads and I got TP1 ended with 30 pips.
  • #353
  • Jul 29, 2009 9:39am Jul 29, 2009 9:39am
Quoting FOURX
me neither maq,

the take profits are only just outside the range 3 pips apart, and the box is fluctuating constantly by a pip or so constantly?
hi, for it not to fluctuate turn off the spread, and add the average spread to your 7 pip buffer in the settings amount_below_high. onstead of 7, make that 7+spread, and leave the field amount_below_low as it is.
  • #354
  • Jul 29, 2009 9:46am Jul 29, 2009 9:46am
Quoting fed
hi Gyfu, I trade live with both g/u and g/j, I recomment g/j to be honest, I trust that pair more then g/u because of my testing prev and back tesing showed a lot better results. If you guys are happy with g/u then try g/j and you guys would be even happier. I had a great night 120 pips with g/j and just barelly made another 100 pips with g/u but my brocker increased spreads and I got TP1 ended with 30 pips.

Thanks Fed..
I was thinking of that as well.. and am going on demo with this first to get a good feel before going live. I think this could be a stress free strategy..
  • #355
  • Edited 10:29am Jul 29, 2009 10:22am | Edited 10:29am
Has anyone any ideas why the take profits are showing 3 and 6 pips outside the box?

thanks

5 decimal places,
  • #356
  • Jul 29, 2009 10:33am Jul 29, 2009 10:33am
Soon I will introduce another breakout strategy as soon as I am confi then I will give you guys the guidelines. It is not my idea, I got it from the 4H Box Breakout thread from this forum by Ace, check it out http://www.forexfactory.com/showthread.php?t=168161, but I have set my own rules and back testing it, so far I am very happy with the results. I look forward to that one to grow more pips. If that goes well, Jason we will need your programming experties again for that one.
  • #357
  • Jul 29, 2009 10:38am Jul 29, 2009 10:38am
Quoting FOURX
Has anyone any ideas why the take profits are showing 3 and 6 pips outside the box?

thanks

5 decimal places,
hi FourX, I m also with 5 decimals, here are my settings. I don't have any problems at all.
Attached Image (click to enlarge)
Click to Enlarge Name: EA.jpg Size: 97 KB
  • #358
  • Jul 29, 2009 10:39am Jul 29, 2009 10:39am
Hey fed,

are you still entering after the close of the 15min/ 5gmt candle, which will be 5.15gmt?
  • #359
  • Jul 29, 2009 10:41am Jul 29, 2009 10:41am
Quoting fed
hi FourX, I m also with 5 decimals, here are my settings. I don't have any problems at all.
fed, ive sorted it thanks
  • #360
  • Jul 29, 2009 12:13pm Jul 29, 2009 12:13pm
Quoting FOURX
fed, ive sorted it thanks
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