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

  • #1,081
  • Aug 27, 2009 2:31am Aug 27, 2009 2:31am
Quoting fed
I am not with this strategy tonight guys, I am testing the other one for now.
oh...
  • #1,082
  • Aug 27, 2009 3:29am Aug 27, 2009 3:29am
Hi All,
Today had 2 trades opened GBPJPY, both of them just touched SL. The result for 2 days testing EA is -30, -30, -30, -60, -60pips. Total -210pips.
The Road appears under the steps of walking men...
  • #1,083
  • Aug 27, 2009 3:37am Aug 27, 2009 3:37am
Quoting Soondoock
Hi All,
Today had 2 trades opened GBPJPY, both of them just touched SL. The result for 2 days testing EA is -30, -30, -30, -60, -60pips. Total -210pips.
small SL like 30 is not gonna work for this straregy..
  • #1,084
  • Aug 27, 2009 3:45am Aug 27, 2009 3:45am
Quoting shaun_ru_th
small SL like 30 is not gonna work for this straregy..
Today SL was 60 pips
The Road appears under the steps of walking men...
  • #1,085
  • Aug 27, 2009 3:59am Aug 27, 2009 3:59am
Quoting Soondoock
Today SL was 60 pips
I dont trade g/j.but accourding to Fed u need at least 80 pip SL for g/j.
Todays g/j box range was nearly 90pips
  • #1,086
  • Aug 27, 2009 6:23am Aug 27, 2009 6:23am
Quoting wltam
oh...
Goodday wltam

Thanks for the EA, it has help me in some ways, i am always to busy to be on my computer watching my trades.

I sent you a PM

Efe
  • #1,087
  • Aug 27, 2009 9:25am Aug 27, 2009 9:25am
Quoting Soondoock
Hi All,
Today had 2 trades opened GBPJPY, both of them just touched SL. The result for 2 days testing EA is -30, -30, -30, -60, -60pips. Total -210pips.
hi there, g/j secured TP1 50 pips and the 2nd entry still continues. This pair never went below 35 pips, if you had your SL at around 80 pips, you could of still cruizing for the 2nd profit. Same story with g/u, it hit its target 1 45 pips and still continues for TP2.
  • #1,088
  • Aug 27, 2009 11:05am Aug 27, 2009 11:05am
As i wrote in feds other thread, be careful trading this week and possibly even next week (Heck even last week sucked). There is VERY little money in the market and Dealing desk brokers have the ability to really move things around more then they normally do.

There really isnt much movement at all in the markets right now so it might just be smart to trade demo and take last this and next weeks analysis as a grain of salt because until you get market flow nothing will really work.

I tried GU short last night and low and behold was stopped out 10 pips ABOVE the range. Oanda does a great job of moving price around...i cant wait to switch to a NDD/ECN broker.

Ah well i told myself i wouldn't trade till after labor day and got bit hehe Thankfully only risked .25%
  • #1,089
  • Aug 27, 2009 11:33am Aug 27, 2009 11:33am
Folks,
Is this recent discussion about the 4 to 7 GMT breakout strategy or are you using a different strategy?

Thanks
  • #1,090
  • Aug 27, 2009 11:33am Aug 27, 2009 11:33am
while reading through the thread I get at least a bit confused.
which period do u use finally ??

thx in advance for any help
  • #1,091
  • Aug 27, 2009 11:54pm Aug 27, 2009 11:54pm
Quoting fed
hi there, g/j secured TP1 50 pips and the 2nd entry still continues. This pair never went below 35 pips, if you had your SL at around 80 pips, you could of still cruizing for the 2nd profit. Same story with g/u, it hit its target 1 45 pips and still continues for TP2.
Hello Fed,
Thanks for your comment. I know that was my fault, and I would definitely make my SL higher if I tried to trade manually. The only thing I would like to find out at the moment is how to make constant SL=80 for GBPJPY in EA Breakout Trend. And one more question is there any difference between EA Breakout Trend & EA Fed New, except the possibility to have the TP3?
By the way we can make a small file (statement of work) where we would explain all the ways we can trade this strategy including rules of enter SL and TP lvls for different currencies.

Thanks!
The Road appears under the steps of walking men...
  • #1,092
  • Aug 28, 2009 12:28am Aug 28, 2009 12:28am
Quoting Soondoock
Hello Fed,
Thanks for your comment. I know that was my fault, and I would definitely make my SL higher if I tried to trade manually. The only thing I would like to find out at the moment is how to make constant SL=80 for GBPJPY in EA Breakout Trend. And one more question is there any difference between EA Breakout Trend & EA Fed New, except the possibility to have the TP3?
By the way we can make a small file (statement of work) where we would explain all the ways we can trade this strategy including rules of enter SL and TP lvls for different currencies....
you know what is the best for money management with g/j? 75 pips risk and TP1 50pips and TP2 100pips (another 50pips), this makes it R:R to 1:1. You will still be profitable even with 55%.
  • #1,093
  • Aug 28, 2009 3:36am Aug 28, 2009 3:36am
GU tp1 hit, tp2 breakeven SL was cleared off. this week 5 trading day, 4 profit days, only 1 day SL hit, because was wrongly set below 60 pips. great week. thanks fed.
  • #1,094
  • Aug 28, 2009 4:23am Aug 28, 2009 4:23am
From a closer perspective about this strategy, I think exiting with just TP of 20 pips with more lots work absolutely fine. What do you all think about this?
  • #1,095
  • Aug 28, 2009 12:15pm Aug 28, 2009 12:15pm
Quoting ochuko
From a closer perspective about this strategy, I think exiting with just TP of 20 pips with more lots work absolutely fine. What do you all think about this?
I always trade with several postions and scale out...i go heavier with the first position as i only target 20-30 pips..the other 2 positions stay for a bit longer as soon as my first 20 pips are triggered im usually moving other 2 to BE.
  • #1,096
  • Aug 31, 2009 1:44am Aug 31, 2009 1:44am
Great start to this week.

Already hit 30 pips on gu.

A bit disappointed with gj last week, but gu has not let me down yet.

May the pips follow you this week.
  • #1,097
  • Aug 31, 2009 2:49am Aug 31, 2009 2:49am
Hi,
Can any one help me with settings to EA_breakout_trend_TP3. I try different variants but can not make permanent SL 75pips. Can any one give me a hand with this?
Thanks!
The Road appears under the steps of walking men...
  • #1,098
  • Aug 31, 2009 3:04am Aug 31, 2009 3:04am
Quoting Soondoock
Hi,
Can any one help me with settings to EA_breakout_trend_TP3. I try different variants but can not make permanent SL 75pips. Can any one give me a hand with this?
Thanks!
Hi, i modify the stop loss buffer before running the EA, depending the box size, this morning i had put 27 pips buffer. I think it will not be difficult to modify the EA for have an minimum stop loss regarding Fed settings
  • #1,099
  • Aug 31, 2009 3:16am Aug 31, 2009 3:16am
Quoting matlobien
Great start to this week.

Already hit 30 pips on gu.

A bit disappointed with gj last week, but gu has not let me down yet.

May the pips follow you this week.
i am afraid ...gj will disappoint us
  • #1,100
  • Edited 6:21am Aug 31, 2009 4:11am | Edited 6:21am
Quoting wltam
i am afraid ...gj will disappoint us
Hi, was not in time do miss the trades today.
Wltam, can you explain how to made permanent SL =75 pips?

It seems I found it.
The Road appears under the steps of walking men...
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