7am-9am Big Dog USD Breakout Strategy | Page 80 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Big Dog Trading Secret 272 replies

Moving Markets at 7am - 1pm PST? (3pm - 9pm GMT) 2 replies

Question about big dog strat... 2 replies

Trading The Big Dog Pack ..howllll 26 replies

Who are the champion DOG pickers??? 6 replies

Attachments: 7am-9am Big Dog USD Breakout Strategy
Exit Attachments

7am-9am Big Dog USD Breakout Strategy

  • #1,581
  • Aug 25, 2009 10:14am Aug 25, 2009 10:14am
Only it is necessary to have the indicator
Attached File(s)
File Type: ex4 NewYorkBox.ex4   22 KB | 665 downloads
  • #1,582
  • Aug 25, 2009 2:37pm Aug 25, 2009 2:37pm
Hi all,

Been following this thread with interest. I have made some modifications to the NewYorkBox.mq4 and included a manually set stop loss.

It works for me! 4 trades, 4 wins today :-)

Please see image for highlighted change and file is attached.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 99 KB
Attached File(s)
File Type: mq4 NewYorkBoxMODwithSL.mq4   18 KB | 1,203 downloads
  • #1,583
  • Aug 25, 2009 3:31pm Aug 25, 2009 3:31pm
Quoting ForexMason
Hi all,

Been following this thread with interest. I have made some modifications to the NewYorkBox.mq4 and included a manually set stop loss.

It works for me! 4 trades,a 4 wins today :-)

Please see image for highlighted change and file is attached.

Thanks

Be careful with such a big sl and small tpīs one bad trade and you lose your hard earned money...
if 300 pips is less then 2% of your account ignore this message and review your tp..

Just my humble opinion..
Take care and good luck.
  • #1,584
  • Aug 25, 2009 5:36pm Aug 25, 2009 5:36pm
I agree with RedNose which is why I made a manually adjustable stop loss for ease of placing the trades. The stop loss was set at the other end of the box which in some cases was well over 1000 pips.

If 300 pips is too much then just change it to 150 or what ever you feel comfortable with.

4 trades have paid off today for me. I set a 300 pip stop and 150 pip TP gaining 600pips. Looking closer at those trades a 150 pip stop would have been sufficient. I could also have held on for more but was happy with a 1:1 Risk:Reward ratio.

Just throwing in another idea for everyone to test.

Good luck.
  • #1,585
  • Aug 25, 2009 11:42pm Aug 25, 2009 11:42pm
Quoting Rednose
Be careful with such a big sl and small tpīs one bad trade and you lose your hard earned money...
if 300 pips is less then 2% of your account ignore this message and review your tp..

Just my humble opinion..
Take care and good luck.
It seems he has 5 digits broker, so 300 pips actually 30pips for 4 digits brokers it is good SL.
The Road appears under the steps of walking men...
  • #1,586
  • Aug 26, 2009 1:23am Aug 26, 2009 1:23am
  • #1,587
  • Aug 26, 2009 5:48am Aug 26, 2009 5:48am
Quoting Soondoock
It seems he has 5 digits broker, so 300 pips actually 30pips for 4 digits brokers it is good SL.
Yep! I also work with a 5 digits broker and was a bit confused as i started, you are right 300 points in a 5 digit broker are 30 pips in a 4 digit one, donīt forget to use proper MM if your position size is too big even 30 pips could cause huge damage to your account..

Trade well.
  • #1,588
  • Aug 26, 2009 6:06am Aug 26, 2009 6:06am
I just found this thread and am very interested in trying it out. Looks great. Just one question. I am using Interbank. They run the same time as GMT. So do I use the 14:00-16:00 timeframe showing on the charts or do I convert that to NY time first? Appreciate the help.
  • #1,589
  • Aug 26, 2009 1:08pm Aug 26, 2009 1:08pm
Quick update on testing for me today.

13 trades, 11 wins using a 300/150 pip sl (30/15 pip in 4 digit) and 150 pip TP (15 pip).

I trade 4 pairs;

EUR/USD
GBP/JPY
GBP/USD
USD/CAD

Trades are placed in both directions and left until I feel one direction is not going to be filled.

I use 2 trading time frames;

02:00 - 04:00 GMT (03:00 - 05:00 GMT on my platform)
12:00 - 14:00 GMT (13:00 - 15:00 GMT on my platform)

On the last trade I stuck the TP @ 1000 pips (100 pips) and used a trailing stop of 150 pips (15 pips). This netted me about 380 pips (38 pips) before it reversed.

Cheers
  • #1,590
  • Aug 26, 2009 1:09pm Aug 26, 2009 1:09pm
......................................
Attached Image (click to enlarge)
Click to Enlarge Name: 260809 Trades.gif Size: 112 KB
  • #1,591
  • Aug 27, 2009 12:04pm Aug 27, 2009 12:04pm
Well I give it a shot but yesterday and today give me losses
  • #1,592
  • Aug 27, 2009 12:33pm Aug 27, 2009 12:33pm
Quoting jaimebmg
Well I give it a shot but yesterday and today give me losses

today range gu = 1.6222 - 1.6152 ...
break range = up to 1.6332 and then down , stop loss hit
  • #1,593
  • Aug 27, 2009 4:06pm Aug 27, 2009 4:06pm
Today's trades;

5 winners and 5 losers. 4 of the 5 losers had a stop on of 150pips (15 pips) as I was trying to reduce my risk. Had I stuck to my original 300pip (30 pip) stop I would have had one extra winner @ 150pips (15) but lost an extra 450 pips (45).

as it was;

+320
+150
+150
+150
+150
= +920
-300
-150
-150
-150
-150
= -900

Total for the day is 20 (2) pips

I believe the main reason for the not so positive results were my 4am GMT trades. The range was so small that I was easily stopped out due to normal market movement.

Cheers
  • #1,594
  • Aug 27, 2009 4:19pm Aug 27, 2009 4:19pm
For my first post I feel that I should give something to this forum. So attached is an EA for this strategy. It has a wide variety of features which allow the user to tweak the EA to their requirements. These include

 

  1. One order cancels the other (stops the EA taking trades in one direction, if it has already taken a trade in the other) on/off
  2. Breakout box size
  3. Trade Friday yes/no
  4. Move to breakeven when trade moves into profit
  5. Trailing s/l on last order
  6. and a fair bit more.


There are a few errors to work out but these are minor issues and I am sure anyone here with a little bit of coding know how will be able to fix these.

Enjoy. This was given to me, and give it with thanks for all I have learned while browsing.

Steven B

Attached File(s)
File Type: ex4 OHEAbeta5.ex4   20 KB | 553 downloads
File Type: mq4 OHEAbeta5.mq4   18 KB | 748 downloads
File Type: mq4 OHEAbeta4.mq4   16 KB | 555 downloads
  • #1,595
  • Aug 27, 2009 4:36pm Aug 27, 2009 4:36pm
Quoting ForexMason
Today's trades;

5 winners and 5 losers. 4 of the 5 losers had a stop on of 150pips (15 pips) as I was trying to reduce my risk. Had I stuck to my original 300pip (30 pip) stop I would have had one extra winner @ 150pips (15) but lost an extra 450 pips (45).

as it was;

+320
+150
+150
+150
+150
= +920
-300
-150
-150
-150
-150
= -900

Total for the day is 20 (2) pips

I believe the main reason for the not so positive results were my 4am GMT trades. The range was so small that I was easily stopped out due to normal market movement.

Cheers...
If you had a "trade manager" EA you would have been able to lock your profits....just search on the "search options field" above and youīll find it...

Cheers.
  • #1,596
  • Aug 28, 2009 8:33am Aug 28, 2009 8:33am
Quoting BreakoutEA
For my first post I feel that I should give something to this forum. So attached is an EA for this strategy. It has a wide variety of features which allow the user to tweak the EA to their requirements. These include

 

  1. One order cancels the other (stops the EA taking trades in one direction, if it has already taken a trade in the other) on/off
  2. Breakout box size
  3. Trade Friday yes/no
  4. Move to breakeven when trade moves into profit
  5. Trailing s/l on last order
  6. and a fair bit more.


There are a few errors to work out but...

Thanks for your help, yesterday after I post it I get 2 winners after the big move up, but still the losses are bigger than the winners, even then, looks good to work on it
  • #1,597
  • Aug 31, 2009 9:53am Aug 31, 2009 9:53am
went long on GU. closed with 62pips thanks!
  • #1,598
  • Aug 31, 2009 12:33pm Aug 31, 2009 12:33pm
Has anyone done an EA based on the New York Box indicator that has been posted in this thread? That would be an awesome EA?
  • #1,599
  • Edited 7:15pm Aug 31, 2009 7:01pm | Edited 7:15pm
Did anyone use this strategy last night?

I did, with disaster happening! Stopped out on the other side of the box on 6-7 currencies.

Is this just a Monday issue? Or is it due to the London public holiday?

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,600
  • Aug 31, 2009 7:38pm Aug 31, 2009 7:38pm
London holiday mixed with Japanese election.

You practically stepped on a hornet's nest.
0 traders viewing now