0400-0700 GMT Breakout Strategy | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

FXDD GMT+2 or GMT+3 10 replies

What does GMT shift and GMT shift Sun do in this indicator? 0 replies

MBO = Monday Break Out 8 utc gmt - 7 utc gmt 22 replies

What is the best server time for H4 trading? GMT+0, GMT+1 or GMT+2? 10 replies

web charting package with GMT +2 or GMT 2 replies

Attachments: 0400-0700 GMT Breakout Strategy
Exit Attachments

0400-0700 GMT Breakout Strategy

  • #361
  • Jul 29, 2009 12:52pm Jul 29, 2009 12:52pm
all systems work but where they fail is money management i think and this system is no different.

i follow similar system as this but i do not trade lower then 2:1 or even 3:1 risk/ratio if trade goes 1:1 im BE i will not take money off until its atleast 2:1 or im seeing some crazy signals to get out.

so its either for example
-30
0
+60 or +90 (today i got 3:1 on 2 trades, and lost one) do the math i think only way to win in this market is stick to 2:1 atleast because even if you lose 6 of out 10 trades and win 4 with 2;1 your still up. lets keep in mind no one knows where the market is going at any given point its all speculation MM wins in forex, systems dont.
  • #362
  • Jul 29, 2009 1:33pm Jul 29, 2009 1:33pm
Quoting avatarx51
all systems work but where they fail is money management i think and this system is no different.

i follow similar system as this but i do not trade lower then 2:1 or even 3:1 risk/ratio if trade goes 1:1 im BE i will not take money off until its atleast 2:1 or im seeing some crazy signals to get out.

so its either for example
-30
0
+60 or +90 (today i got 3:1 on 2 trades, and lost one) do the math i think only way to win in this market is stick to 2:1 atleast because even if you lose 6 of out 10 trades and win 4 with 2;1 your still up. lets...
You need both...
  • #363
  • Jul 29, 2009 2:00pm Jul 29, 2009 2:00pm
Quoting avatarx51
all systems work but where they fail is money management i think and this system is no different.

i follow similar system as this but i do not trade lower then 2:1 or even 3:1 risk/ratio if trade goes 1:1 im BE i will not take money off until its atleast 2:1 or im seeing some crazy signals to get out.

so its either for example
-30
0
+60 or +90 (today i got 3:1 on 2 trades, and lost one) do the math i think only way to win in this market is stick to 2:1 atleast because even if you lose 6 of out 10 trades and win 4 with 2;1 your still up. lets...
This depends which strategy you use. You need to understand the logic behind this strategy, this strategy can produce 80-95% winning percentage. I have tryed 2:1 and 3:1 strategies with the pros and guess what I lost money, I don't know how they would make living out of forex trading. strategies like 2:1 3:1 ratio has 55-65% winning percentage, max is 65%. The logic behind my strategy is that secure 95% of the time the first profit then target for more which works out the same way as your 2:1 ratio at the end and even better. You need to risk a lil more to win a trade, you can't have tight SL with pairs like g/u g/j, it is not possible to succeed with those pairs, been there I have done that and this strategy meets great with what I risk and what I take home as profit very well. I mean I do target to get 1:1 with my 2nd entry and I do get it more then half of the time, it is not as bad as you sound. I haven't had an experience with 4-5 loosing trades, I haven't seen that either with back testing the last 2 years.
  • #364
  • Jul 29, 2009 2:04pm Jul 29, 2009 2:04pm
Quoting fed
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.
Hey fed,

when should we look forward to this
  • #365
  • Jul 29, 2009 2:18pm Jul 29, 2009 2:18pm
Quoting FOURX
Hey fed,

when should we look forward to this
Hopefully by next week, with this you could use almost all the major jpy. I have 2 versions, one would be the 1 hour and the other will be 4 hour version. The reward ratio will be like at least 2:1 or more depends how greedy you are
  • #366
  • Jul 29, 2009 2:32pm Jul 29, 2009 2:32pm
Would be verry intresting to see how FED´s system do in 2007 and 2008?

also what happen to the orginal system is FED´s system better ?


best regards
  • #367
  • Jul 29, 2009 2:49pm Jul 29, 2009 2:49pm
Quoting jgadefelth
Would be verry intresting to see how FED´s system do in 2007 and 2008?

also what happen to the orginal system is FED´s system better ?


best regards
guy I don't have a system? what the hell are you talking about? I am following some great strategies that were proven with back testing. I don't trade with systems that have 10 lagging indicators.
  • #368
  • Jul 29, 2009 3:19pm Jul 29, 2009 3:19pm
Quoting fed
This depends which strategy you use. You need to understand the logic behind this strategy, this strategy can produce 80-95% winning percentage. I have tryed 2:1 and 3:1 strategies with the pros and guess what I lost money, I don't know how they would make living out of forex trading. strategies like 2:1 3:1 ratio has 55-65% winning percentage, max is 65%. The logic behind my strategy is that secure 95% of the time the first profit then target for more which works out the same way as your 2:1 ratio at the end and even better. You need to risk a...
your logic does make sense but in reality with all things aside i dont think there is any system to can produce 95% winning but again maybe i dont fully understand your strategy, which i will go over again this week. Iam also making profit and for the first time in my forex life, it happened when i started doing 2;1,3;1 trades only.
  • #369
  • Jul 29, 2009 3:21pm Jul 29, 2009 3:21pm
FED ooops little upset are we ? system method the way you trade what ever you will call it maybe i shall say the way FED is trading next time or will you curse me then also ?? this thread dont have any indicators so why do you even mention them.

maybe YOUR WAY OF TRADING (FED) is backtested but i could not open the file and why are you so angry are you not also intrested in see if YOUR METHOD OF TRADING works over a couple of years instead of just some mounth ?

best regards
  • #370
  • Jul 29, 2009 3:41pm Jul 29, 2009 3:41pm
huh????
  • #371
  • Jul 29, 2009 3:48pm Jul 29, 2009 3:48pm
Quoting jgadefelth
FED ooops little upset are we ? system method the way you trade what ever you will call it maybe i shall say the way FED is trading next time or will you curse me then also ?? this thread dont have any indicators so why do you even mention them.

maybe YOUR WAY OF TRADING (FED) is backtested but i could not open the file and why are you so angry are you not also intrested in see if YOUR METHOD OF TRADING works over a couple of years instead of just some mounth ?

best regards
  • #372
  • Jul 29, 2009 4:25pm Jul 29, 2009 4:25pm
Quoting avatarx51
your logic does make sense but in reality with all things aside i dont think there is any system to can produce 95% winning but again maybe i dont fully understand your strategy, which i will go over again this week. Iam also making profit and for the first time in my forex life, it happened when i started doing 2;1,3;1 trades only.
I am glad that you started to make money, I am also making money for the first time too for the past 4 months, what ever I lost I already made that. So I am not complaining at all about this successfull strategy. Every one will have their own strategy and which ever works I will use that.
  • #373
  • Jul 29, 2009 5:00pm Jul 29, 2009 5:00pm
fed i am currently investigating this looks good


Quoting fed
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.
"The person who knows that enough is enough, will always have enough". .
  • #374
  • Jul 29, 2009 5:04pm Jul 29, 2009 5:04pm
fed do not start your own thread

why you ask

well tasciy was doing well with 4-7gmt breakout and started a thread here since then it's went to pothttp://www.forexfactory.com/images/icons/icon7.gif
"The person who knows that enough is enough, will always have enough". .
  • #375
  • Jul 29, 2009 5:11pm Jul 29, 2009 5:11pm
Quoting maq
fed do not start your own thread

why you ask

well tasciy was doing well with 4-7gmt breakout and started a thread here since then it's went to pothttp://www.forexfactory.com/images/icons/icon7.gif
well I have tested all time frames including tasciy's time frame as well and to be honost, from time to time it had loosing stricts. I choise my time as the best winner and hopefully my will be a winner

Funny though, I will not open my own thread then But I continued his thread though, it is the same idea with different features
  • #376
  • Edited 6:00pm Jul 29, 2009 5:49pm | Edited 6:00pm
I am following this thread with interest. Fed's contributions are very useful Thanks again Fed
  • #377
  • Jul 29, 2009 5:56pm Jul 29, 2009 5:56pm
FED see you on another forum on another thread that intrests me with a 98% hit rate would be intresting to see if there can be a good strategy made from all this threads


best regards
  • #378
  • Jul 29, 2009 6:30pm Jul 29, 2009 6:30pm
Quoting jgadefelth
FED see you on another forum on another thread that intrests me with a 98% hit rate would be intresting to see if there can be a good strategy made from all this threads


best regards
Thanks bud, and I hope you are successfull too
  • #379
  • Jul 29, 2009 7:00pm Jul 29, 2009 7:00pm
care to share the details of the other form?


Quoting jgadefelth
FED see you on another forum on another thread that intrests me with a 98% hit rate would be intresting to see if there can be a good strategy made from all this threads


best regards
"The person who knows that enough is enough, will always have enough". .
  • #380
  • Jul 29, 2009 8:05pm Jul 29, 2009 8:05pm
Hi Feb,

Do u mind post a chart so that i can confirm the time is correct.

Thank you in advance.
6 traders viewing now