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

  • #981
  • Aug 20, 2009 4:57am Aug 20, 2009 4:57am
Also the Profuter indicator migt be sometimes of help, even though it repaints.
Attached Image
  • #982
  • Aug 20, 2009 6:22am Aug 20, 2009 6:22am
no box will be draw by the EA

in the setting there is the place order time
if u turn on and run the EA just before ttime.....then it will place order

Quoting advfn2828
Hi Guys

Not new to FX, but still learning the ropes on MT4.

I have a basic question on the EA please.

Have added the Breakout EA into my demo account to forward test, and have the smiley face etc, but no box is drawn.

I am aware that you need to keep you pc on for the EA to work, but my question is - if I have to turn my laptop off on the way to work just before 8am BST and turn on at work, should the EA "catch up" and draw the box, or will it not work having been turned off?

Sorry for the noob question but I do want to understand how this...
  • #983
  • Aug 20, 2009 7:07am Aug 20, 2009 7:07am
Quoting wltam
no box will be draw by the EA

in the setting there is the place order time
if u turn on and run the EA just before ttime.....then it will place order
Ah right - I thought some of the charts shown with boxes were drawn by this EA - there was a lot of info to take in reading this thread - what is it that draws the box - I obviously have missed it - sorry and thanks

Graeme
You can NEVER stop learning
  • #984
  • Aug 20, 2009 7:21am Aug 20, 2009 7:21am
Hi all, I went short on both GU and GJ.
Booked 50 pips profit at T1 and 80 pips profit at T2 on GJ.

For GU, I booked only 42 pips at T1.

I entered short at the break of the 2-5am box when I spotted the formation of a pin bar at the one hour chart of both GU and GJ.
  • #985
  • Aug 20, 2009 7:35am Aug 20, 2009 7:35am
Quoting fed
anyway I made my warnings, goodnight or goodafternoon where ever you are, I am with 78 pips positive tonight. my scalping signal showed short and also the 4 hr downtrend lines, it has some mixed signals. look at the screenshot, this is what I was affraid of tonight. could have a downtrend price action again.
Hi FED ,

I love the pivot and S/R on your chart, can you share me your indicator !

thanks
  • #986
  • Aug 20, 2009 9:53am Aug 20, 2009 9:53am
Hi,

Just want to say thanks for all the work and efforts of everybody who has contributed to this thread, especially Wltam, Fed and Tascily.

I am a newbee and just wanted to ask what is the most used EA used for this system? Is it the one provided by Wltham? Or there was a mention of a james one? Fed are you using the Wltham one? I will be able to look at this first thing in the mornings, but sadly have to go to work... so won't be able to monitor. Re: EA you guys use, what's the general success rate of this? and profitability rate?

Mucho Gracias.
  • #987
  • Aug 20, 2009 10:30am Aug 20, 2009 10:30am
I noticed the same thing last night fed and as soon you mentioned it i pulled the plug on GJ. GU hit my TP1 and TP2 TP3 was BE.
I left my AU alone to see if it would play out any differently and since the range was only 35pips or so. That got stopped out but still up on the night.
  • #988
  • Aug 20, 2009 10:43am Aug 20, 2009 10:43am
I am glad that we didn't had a loosing night as I said seventy something pips positive which is I am lucky to get that many pips on a night/day like that. I am happy
  • #989
  • Aug 20, 2009 10:44am Aug 20, 2009 10:44am
Quoting banana9009
Hi FED ,

I love the pivot and S/R on your chart, can you share me your indicator !

thanks
hi banana, the indi that I am using for the weekly pivot is a customer indi from my ibfx brcoker and only works with their mt4 platform and the trend line is I drew with fib levs.
  • #990
  • Aug 20, 2009 10:45am Aug 20, 2009 10:45am
Quoting ochuko
Hi all, I went short on both GU and GJ.
Booked 50 pips profit at T1 and 80 pips profit at T2 on GJ.

For GU, I booked only 42 pips at T1.

I entered short at the break of the 2-5am box when I spotted the formation of a pin bar at the one hour chart of both GU and GJ.
awsome job, I could of done the samething if I didn't had work in the morning or lived in europe. I love europe.
  • #991
  • Aug 20, 2009 10:50am Aug 20, 2009 10:50am
Quoting ochuko
A million thanks for that trade call. How do you determine if the bollinger bands are stressed? I'm not familiar with bollinger bands but it looks like a great tool.
hi ochuko, you are welcome, to answer to your question Iwill post a screenshot when I get back from work to show you the difference. I had to put the screenshot last night ASAP to inform you all which I didn't had time to make it pretty . But if you look back to the prev screenchots you will see one looks like a ghost, the lines will not be stregith and the good BB should have streight lines.
  • #992
  • Aug 20, 2009 1:32pm Aug 20, 2009 1:32pm
Quoting jtmoore007
i trade gu ej and gj with this strat but different box for ej and gj

same tp and sl just different box
Hi,
Thank you for replying my questions....If you don't mind, what different box do you to trade both ej and gj?

Thanking you in advance.
  • #993
  • Edited 5:09pm Aug 20, 2009 4:44pm | Edited 5:09pm
Quoting wltam
EA with OCO ( O??? close the other order ???) forgot the name~~~
actually i dun use this function...as i find it maybe win win situation~

Again, Please help to test it .....i just briefly tested!!!!!
And please post your comment/ anything to improve (as i just the beginner to write EA)

Also, please post ur backtest result....if u find ur setting is GREAT and can SHARE with us~
thank you thank you~!
Hi wltam, thanks for your EA and to share with us, i made some backtests with both, regular TP3 and OCO TP3, it seems than regular is ever better than OCO but OCO don't krash on 2008.

I made some reflexion about trades, on 89 winning trades, 64 times it hit TP1 AND TP2 , 25 times it hit only TP1 and close TP2 at BE. my idea is to open an new order when TP1 is hit, with stop at first entry and TP same than TP2.

tell me please if you think it's an good way and if you can modify your EA.

thanks

Greg
  • #994
  • Aug 20, 2009 7:04pm Aug 20, 2009 7:04pm
Quoting wawarulez
Looks like today isnt going to be good.

O and with my wonderful spread for SL Im -6 as soon as i enter, really need to change, would any1 recommend another broker like FXPro? or anything without spread on SLs

if you call ig and tell them you dont want automatic stop lossess they will turn it off and you dont have to pay for these stops, hope this helps
  • #995
  • Aug 20, 2009 10:16pm Aug 20, 2009 10:16pm
hi guys, if things complicated tonight I am not in tonight for any action. So far things look bearish to me. I checked th mas and they are above 15 and 1hr charts, bb is also shows a bearish indicator, the 4hr still shows downtrend channels. we will see
  • #996
  • Aug 21, 2009 12:38am Aug 21, 2009 12:38am
All indications are pointing to the fact that the market is in a downward trend. I think going short would be safe, though it appears that the market is trending up at the moment on the 15 min chart. If you look at the 15 minute chart, you will notice the formation of a classic upward pin bar on both GJ and GU, especially GJ. That indicates that the market is changing direction, but I will just watch and see. Going long could be risky and not safe.
  • #997
  • Aug 21, 2009 12:51am Aug 21, 2009 12:51am
If the price moves south then I will take the trade, g/j tested the 153.60 suport line(just above the weekly pivot) for the 3rd time since the 17th of this month, the suport line remains strong so far and if the price breaks it tonight then we will be laughing. g/u not doing much at the moment, I think g/u waiting for sellers right at the res trendline.
  • #998
  • Aug 21, 2009 12:59am Aug 21, 2009 12:59am
Quoting fed
If the price moves south then I will take the trade, g/j tested the 153.60 suport line(just above the weekly pivot) for the 3rd time since the 17th of this month, the suport line remains strong so far and if the price breaks it tonight then we will be laughing. g/u not doing much at the moment, I think g/u waiting for sellers right at the res trendline.
My chart is telling me the same story, but if price rise to test the monthly pivot and a long was executed, then TP1 and maybe TP2 would have been taken cos the monthly pivot is just at TP2. However I would just stay out and watch. Today is Friday and trading at time could be dicey.
  • #999
  • Aug 21, 2009 1:16am Aug 21, 2009 1:16am
note that ....the range of box is quite large
  • #1,000
  • Aug 21, 2009 2:16am Aug 21, 2009 2:16am
same here..no trade today!!anyway I usually dont trade on Fridays..specially NY session..
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