0400-0700 GMT Breakout Strategy | Page 47 | 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

  • #921
  • Aug 18, 2009 3:44pm Aug 18, 2009 3:44pm
Hey there.

Yes, yes .. I am back.

Sorry for my late answer.

But you know .. even the best traders needs to relax sometime.

Yes I am using 5-8 on fxdd.

Check my picture.


GE.

Quoting RiverTrader
genius,

If Forex.com 2-5, then FXDD is 5-8. (genius, pls confirm)
I am using FXDD, and gained 13% in 10 trading days, now.
Just use 0.1 lot size on 10K demo account, GBPJPY, still add buffer.
Will try without buffer, and 200 MA later. (just need to add this to the code)
Use EA to do this (I modified from jason's code, I guess), I go to bed every night.

see picture.
Attached Image (click to enlarge)
Click to Enlarge Name: fxdd.jpg Size: 127 KB
Some pursue happiness, others create it.
  • #922
  • Aug 18, 2009 6:08pm Aug 18, 2009 6:08pm
Quoting genius75
Hey there.

Yes, yes .. I am back.

Sorry for my late answer.

But you know .. even the best traders needs to relax sometime.

Yes I am using 5-8 on fxdd.

Check my picture.


GE.
Ok, now also noticed that you are using 30M chart.
I have been always on 15M chart, hopefully not too much different in result.
Simple is powerful all the time.
  • #923
  • Aug 18, 2009 11:39pm Aug 18, 2009 11:39pm
Quoting RiverTrader
Ok, now also noticed that you are using 30M chart.
I have been always on 15M chart, hopefully not too much different in result.
yes there is a diff between 15 and 30....
the 30 min can sometimes help filter out some spikes which can cause you to get stopped out, while the 15min can get you into a trade faster but also a bit risky as things can spike up and stop you out.

I like the 15m TF myself
  • #924
  • Aug 18, 2009 11:59pm Aug 18, 2009 11:59pm
I also favoure 15min as well, I use to be with 30min but 15min can get you the TP1 faster then the 30min. As long as you can analyse most of the spikes can be avoided.
  • #925
  • Aug 19, 2009 12:09am Aug 19, 2009 12:09am
Quoting wltam
i use 0500 - 0800 +1 GMT (which is FxPro time)
so i think it is 0400-0700 GMT
i use TF 15min
so that i place those order @ 0815 (again FxPro Time)

my graph for your reference
Hi witam, which box indicator do you use? Can you share it?

Or, does anybody has similar indicator with 2 or 3 target box?
thanx
  • #926
  • Aug 19, 2009 12:42am Aug 19, 2009 12:42am
Quoting ronfis
Hi witam, which box indicator do you use? Can you share it?

Or, does anybody has similar indicator with 2 or 3 target box?
thanx
I use this one
Attached File(s)
File Type: ex4 NewYorkBox.ex4   22 KB | 404 downloads
File Type: mq4 NewYorkBox.mq4   18 KB | 536 downloads
  • #927
  • Aug 19, 2009 12:50am Aug 19, 2009 12:50am
Quoting wltam
5 - 8 GMT +1
FXPRO is actually GMT + 3 i think i have mine set to GMT + 2 which is there Non-DST setup.
Although when i set mine to 5-8 as well on fxpro it does give a better setup....
  • #928
  • Aug 19, 2009 1:25am Aug 19, 2009 1:25am
Today is really great using this strategy.
I woke up quite late but still benefiting. Feb you are really a blessing to this forum
  • #929
  • Aug 19, 2009 1:48am Aug 19, 2009 1:48am
another great night guys another great night, I hope we have these kind of night more. just an update, g/j closed both entries(I should of went for more pips but my rules are my rules) closed one half for g/u and waiting for the 2nd entry. With my other strategy I have opened 3 sell orders with g/j and closed one with profit at 111pips which was my risk for each order. the box was 111 pips in range, so now I did set the other 2 to break even. If my 2nd entry hits the TP2 target and then I will lock 50% profit with the 3rd order and try to aim at TP3. I am half way down to tp2, wish me luck.
  • #930
  • Aug 19, 2009 1:54am Aug 19, 2009 1:54am
Quoting ochuko
Today is really great using this strategy.
I woke up quite late but still benefiting. Feb you are really a blessing to this forum
thanks we are all chipping in. But it is fed not feb I know there is another member here called feb but I am not him. that is ok you don't have to be sorry for the sake of an excellent night
  • #931
  • Aug 19, 2009 2:29am Aug 19, 2009 2:29am
Actually FXDD is GMT 3+... when GMT 7(standard time hits)its 10 on FXDD platform..I ve seen genius is trading 5-8 FXDD time(2-5 GMT)
hai Fed r u using the same settings??2-5 GMT ...I thought this is 4-7GMT breakout?????????
  • #932
  • Aug 19, 2009 4:17am Aug 19, 2009 4:17am
Anyone trading the Canadian CPI Report later with this strategy ?

The idea would be stablishing the box letīs say starting 2 hours before the report, and going for around 30 pips. Orders to be entered right before the report looking for a quick breakout. Of course, once one of both order gets filled, delete the other one. I think itīs a high-probability trade, whichever way it goes.
  • #933
  • Aug 19, 2009 4:33am Aug 19, 2009 4:33am
Quoting fed
thanks we are all chipping in. But it is fed not feb I know there is another member here called feb but I am not him. that is ok you don't have to be sorry for the sake of an excellent night
Hi fed

Did you start another thread for your modified method which you mentioned before?
Regards
  • #934
  • Aug 19, 2009 5:00am Aug 19, 2009 5:00am
Well I am using this, because it shows the best results. Trust me, I tried everything possible

GE.

Quoting shaun_ru_th
Actually FXDD is GMT 3+... when GMT 7(standard time hits)its 10 on FXDD platform..I ve seen genius is trading 5-8 FXDD time(2-5 GMT)
hai Fed r u using the same settings??2-5 GMT ...I thought this is 4-7GMT breakout?????????
Some pursue happiness, others create it.
  • #935
  • Aug 19, 2009 5:22am Aug 19, 2009 5:22am
hi guys, do you still take the ema and sma as filter purpose? yesterday and today's market if i was using the ma, i will have to avoid the trades, or we do not use it anymore? thanks
  • #936
  • Aug 19, 2009 5:34am Aug 19, 2009 5:34am
morning guys, my TP2 just hit and total of over 220pips, making my final adjustment, now the 3rd entry will be set for at least 50% profit so if the market goes against me I will still not loose that order or I will hit to 340 pips, hopefully if the market still remains strong. Watch out for tonight, after few days of strong rallies things can be slow.
  • #937
  • Aug 19, 2009 5:36am Aug 19, 2009 5:36am
Quoting howard
Hi fed

Did you start another thread for your modified method which you mentioned before?
hi howard, when I first saw this strategy it was described as the london breakout, I looked at it and played with it and found out that 2-5 is the best, so I started to use 2-5 gmt.
  • #938
  • Aug 19, 2009 5:38am Aug 19, 2009 5:38am
Quoting Fms
Anyone trading the Canadian CPI Report later with this strategy ?

The idea would be stablishing the box letīs say starting 2 hours before the report, and going for around 30 pips. Orders to be entered right before the report looking for a quick breakout. Of course, once one of both order gets filled, delete the other one. I think itīs a high-probability trade, whichever way it goes.
hi, no but when is the report on this one? and how often are the reports. please tell me the time frames. Thanks
  • #939
  • Aug 19, 2009 5:45am Aug 19, 2009 5:45am
Quoting fed
hi, no but when is the report on this one? and how often are the reports. please tell me the time frames. Thanks
Canadian CPI
08/19/2009 11:00 GMT, 07:00 EST
  • #940
  • Aug 19, 2009 5:47am Aug 19, 2009 5:47am
Quoting fed
hi howard, when I first saw this strategy it was described as the london breakout, I looked at it and played with it and found out that 2-5 is the best, so I started to use 2-5 gmt.
Thanks for the reply.

In addition to 2-5 GMT box you are using other modifications too, is this correct?
Regards
6 traders viewing now