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

  • #861
  • Aug 15, 2009 10:25am Aug 15, 2009 10:25am
Quoting shaun_ru_th
fed,r u moving ur 45 pips target SL to break even after it hits 30 pip mark??
how about putting a fixed SL like 30 pips??I m just suggesting..
hi thanks for you suggestion, how ever 30 pips SL is not enough room for g/u and g/j, I put 60 SL for g/u and up to 100 for g/j and break even when my 45pips hit for g/u and 50-55 pips for g/j.
  • #862
  • Aug 15, 2009 11:15am Aug 15, 2009 11:15am
Quoting fed
hi thanks for you suggestion, how ever 30 pips SL is not enough room for g/u and g/j, I put 60 SL for g/u and up to 100 for g/j and break even when my 45pips hit for g/u and 50-55 pips for g/j.
but Fed, the point is if u r putting 2 orders with 100 pip SL it would be 200 pip total SL..1 SL could be a massive draw down..isnt it?
  • #863
  • Aug 15, 2009 3:07pm Aug 15, 2009 3:07pm
Quoting shaun_ru_th
but Fed, the point is if u r putting 2 orders with 100 pip SL it would be 200 pip total SL..1 SL could be a massive draw down..isnt it?
I understand that but it works well for me this way, forex is a risky business, total pips I can get max is 135-155 and risk 200 pips and with g/u I will risk 120 pips and max pips I aim is 115pips. It is not too bad, it is not a 1-2 risk RR or 1-3, 1-4 etc.... I found out that with pairs g/u g/j you must leave that extra cussion or you will stoped out. If you traded with tight SL it won't work. If anyone would like to aim for more pips with 1:1 or 2:1 RR then that is fine with me. having 2:1 with 55-60% winning is the same as 1:1.3, 1:1.5 etc with 80-90% winning, I preffer the 80% winning then 60%.
  • #864
  • Aug 15, 2009 6:40pm Aug 15, 2009 6:40pm
Wow took 3 days but i finally read this entire Thread
I also started manually back testing the different ideas posted throughout this thread. Cant wait for Monday to get started Forward testing on my demo.

Thanks to everyone for their continued effort on keeping this thread and strategy alive!
  • #865
  • Aug 16, 2009 12:11am Aug 16, 2009 12:11am
Quoting Weasy2k
Wow took 3 days but i finally read this entire Thread
I also started manually back testing the different ideas posted throughout this thread. Cant wait for Monday to get started Forward testing on my demo.

Thanks to everyone for their continued effort on keeping this thread and strategy alive!
Welcome to this thread~
  • #866
  • Aug 16, 2009 1:59am Aug 16, 2009 1:59am
EA --The idea with TP3

When BE TP1 - move the SL to entry
when BE TP2 - move the SL to TP1

I hvn't tried a lot on this
you can try it if interest
Attached File(s)
File Type: ex4 EA_breakout_trend_TP3.ex4   12 KB | 462 downloads
File Type: mq4 EA_breakout_trend_TP3.mq4   12 KB | 510 downloads
  • #867
  • Aug 16, 2009 2:13am Aug 16, 2009 2:13am
Quoting wltam
EA --The idea with TP3

When BE TP1 - move the SL to entry
when BE TP2 - move the SL to TP1

I hvn't tried a lot on this
you can try it if interest
Great work...thats how i am basing my current strategy...i have incorporated pivots and the colored 55ema indicator as well.

I have my TP set at 20-40-60 once 20 is triggered rest is BE, then once TP2 triggers TP3 SL is set to 15.
I am a strong believer in capital preservation and i dont go after those HUGE pips just to risk my profit if i could get a constant 20 per trade ill be a happy man!
  • #868
  • Aug 17, 2009 12:08am Aug 17, 2009 12:08am
going with the trend i have a sell order but the market is looking bullish this morning. Does that mean if it goes north do i leave my trade in waiting for it to be triggered throughout the day?
  • #869
  • Aug 17, 2009 12:15am Aug 17, 2009 12:15am
Quoting wltam
EA --The idea with TP3

When BE TP1 - move the SL to entry
when BE TP2 - move the SL to TP1

I hvn't tried a lot on this
you can try it if interest
hi, to which folder do I put this file? and how do I set it up?
  • #870
  • Aug 17, 2009 12:21am Aug 17, 2009 12:21am
I am all short tonight
  • #871
  • Aug 17, 2009 12:39am Aug 17, 2009 12:39am
Quoting fed
hi, to which folder do I put this file? and how do I set it up?
put inside experts
  • #872
  • Aug 17, 2009 12:40am Aug 17, 2009 12:40am
Quoting fed
I am all short tonight
me 2
and all triggerred already
  • #873
  • Aug 17, 2009 12:49am Aug 17, 2009 12:49am
Quoting wltam
put inside experts
ok thanks now I got it I never set up an ea before
  • #874
  • Aug 17, 2009 12:53am Aug 17, 2009 12:53am
Quoting wltam
me 2
and all triggerred already
what time frame are you using?
  • #875
  • Aug 17, 2009 12:55am Aug 17, 2009 12:55am
Quoting Weasy2k
what time frame are you using?
15m
  • #876
  • Aug 17, 2009 1:18am Aug 17, 2009 1:18am
Quoting wltam
15m
sorry i meant times i go from 4-7gmt but have just set my orders now...
  • #877
  • Aug 17, 2009 1:27am Aug 17, 2009 1:27am
Quoting Weasy2k
sorry i meant times i go from 4-7gmt but have just set my orders now...
5 - 8 GMT +1
  • #878
  • Aug 17, 2009 2:00am Aug 17, 2009 2:00am
so whats the pacific time(San Francisco Time) for this method.

Also I am posting to subscribe to this thread. Hope people dont mind

Hoping to contribute in a positive way

Thanks
  • #879
  • Aug 17, 2009 2:04am Aug 17, 2009 2:04am
9 PM to Midnight
Same Whore .... Different Dress
  • #880
  • Aug 17, 2009 2:16am Aug 17, 2009 2:16am
I was out of internet connection , I got online again. breaking even now with g/u and still waiting for g/j, came close but with few pips I didn't hit my first profit yet.
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