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Attachments: London Open Breakout-M30
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London Open Breakout-M30

  • #41
  • Aug 24, 2009 4:36am Aug 24, 2009 4:36am
Quoting ashane
So come, let us not celebrate the Holy Grail, but celebrate our energies in seeking profits together ))
Amen!
  • #42
  • Aug 25, 2009 5:19pm Aug 25, 2009 5:19pm
Hi Giaras
Can you please put up instructions as to how your EA works? What each parameter means on the inputs, etc,
thanks
I haven't a clue on EA's
Quoting giaras
Hi all,
I have done some arrangements on the code previously posted trying adapting to Bubo and Ashane suggestions. Then I have run the MT optimizer on the code and here are some very first results.

V02 release notes:
- Added expiration time to pending orders as a parameter. Actually set to 20:00 (gmt+2) as suggested.
- Added some main trend analyzer, based on simple macd(12,26) over M15 time frame over or lower zero at call time. Then we open just one pending order according to trend indication as suggested.

Very first results:
If nothing wrong...
  • #43
  • Aug 26, 2009 9:47am Aug 26, 2009 9:47am
Hi Bazza,

Last code submitted analyze at specified time analyze trend direction using CCI signal, evaluates predefined period high and low, then enters a buy stop or sell stop according to trend direction, as suggested in the thread, using fixed or dynamic stop loss according to the flag.
Here a brief summary of parameters used inside the code:

//---- input parameters
extern int BreakOutHour=8;
extern int BreakOutMinute=30;

These set at which time enter the stop order according to your current broker server time, in this case 8:30 am (for my GMT + 2)

extern int Length=12;

This is the number of 30M bars counted backward from enter time, to find period's high/low, in this case 12 bars, that means 6 hours long

extern int OrderExpiringTime = 20;

As it says, order expiring hour

extern int EOD=24; //time for closing orders at end of day
extern int FridayClosing=23; //broker friday closing time

This are hours to close all open orders during week days and Friday (always according to your broker server time, and for me GMT +2 )

extern int Pips=5;

trigger above/bellow range

extern double FixedStopLoss=30;

This a fixed stop loss entry set to 30 pips but in case of 0 it evaluates the SL according to high/low range, as you mention

extern int TakeProfit=35;

sets a fixed Take Profit value

extern double Lots=1;

fixed lots used for backtesting

You can chose to change all the value according to your broker server time and your needs.
Hope it can be useful.

Regards
G.
  • #44
  • Aug 27, 2009 11:40am Aug 27, 2009 11:40am
Has anyone continued to test this M30 system, manually or with the EA?

Does it perform better using the M30 breakout than using the overnight range as in the Hans123 system?

It would be great to enter with 2 positions and allow them to exit at different prices.
  • #45
  • Aug 30, 2009 4:06am Aug 30, 2009 4:06am
Can anyone tell me what GMT open is for the London session open. All this adjustment for local times messes up my head. From what I read it is the London session open that counts so if I can get the GMT I am used to working from that.

Many thanks,
RickyD
  • #46
  • Aug 30, 2009 5:00am Aug 30, 2009 5:00am
Quoting RickyD
Can anyone tell me what GMT open is for the London session open. All this adjustment for local times messes up my head. From what I read it is the London session open that counts so if I can get the GMT I am used to working from that.

Many thanks,
RickyD
8 GMT
  • #47
  • Aug 31, 2009 12:32pm Aug 31, 2009 12:32pm
The Hans123 expert misses a lot of profitable trades since it is a breakout system and breaking out most often means going against the trend the Hans123 expert sets its buy or sell stop order on the wrong side of the trade. I would be great to have a expert that takes the trade once it crosses the trigger line (buffer). Anyone able to make a expert that will take the trades as they present? It would be a great help.

Thanks,

RickyD
  • #48
  • Aug 31, 2009 12:34pm Aug 31, 2009 12:34pm
Maybe this one is meeting your requirements :

http://www.forexfactory.com/showthre...hlight=generic

PC


Quoting RickyD
The Hans123 expert misses a lot of profitable trades since it is a breakout system and breaking out most often means going against the trend the Hans123 expert sets its buy or sell stop order on the wrong side of the trade. I would be great to have a expert that takes the trade once it crosses the trigger line (buffer). Anyone able to make a expert that will take the trades as they present? It would be a great help.

Thanks,

RickyD
Less is more...
  • #49
  • Aug 31, 2009 1:48pm Aug 31, 2009 1:48pm
Quoting RickyD
The Hans123 expert misses a lot of profitable trades since it is a breakout system and breaking out most often means going against the trend the Hans123 expert sets its buy or sell stop order on the wrong side of the trade. I would be great to have a expert that takes the trade once it crosses the trigger line (buffer). Anyone able to make a expert that will take the trades as they present? It would be a great help.
- First of all this is a modified version of Hans123
- what you mean by "breaking out most often means going against the trend" ? Main problem of breakout systems are false breakouts but this does not mean "against the trend" at all
- this ea "takes the trade once it crosses the trigger line" exactly as you said and nothing else using buy stop and sell stop orders. Did you test it ?
  • #50
  • Aug 31, 2009 8:30pm Aug 31, 2009 8:30pm
www.symmetricom.com

put it all on your desktop, gmt, London, Tokyo, New york, etc & it is all in front of you.

Quoting RickyD
Can anyone tell me what GMT open is for the London session open. All this adjustment for local times messes up my head. From what I read it is the London session open that counts so if I can get the GMT I am used to working from that.

Many thanks,
RickyD
  • #51
  • Aug 31, 2009 11:00pm Aug 31, 2009 11:00pm
Quoting TheMaxx
8 GMT
London is in daylight savings right now. www.symmetricom.com & you can have as many clocks as you want on your PC, Right now London opens at 7am gmt, as it is daylight savings in London.
Bazza
  • #52
  • Dec 11, 2009 3:24pm Dec 11, 2009 3:24pm
Check out: http://forums.babypips.com/free-fore...-breakout.html E
  • #53
  • Dec 15, 2009 9:51pm Dec 15, 2009 9:51pm
i see bazza last post here was 1 sept

what happened?
"The person who knows that enough is enough, will always have enough". .
  • #54
  • Aug 15, 2010 10:03am Aug 15, 2010 10:03am
He probably drowned in a sea of "Exactly what..."

This is a good strategy but one that you need to work out for yourself. Bazza is not a magician, he is pointing you in the right direction.

First - choose a time 'around' the time when the 'market' opens. It never closes - Mon to Fri.
Bazza suggests ...I cannot remember but then it is not important!!!

Second - choose a period of time to define your range. He suggests half an hour. I have a picture here of 15 min bars.

Third - make a straddle of Buy stop and Sell stop from the high and the low.

Just select one of these bars or two if you want to make it half an hour - the marker line is 08:45 whivh is 07:45 UK time. Imagine a high and low marker for them. See what would happen in my next post...
Attached Image (click to enlarge)
Click to Enlarge Name: Take a bar.JPG Size: 17 KB
  • #55
  • Aug 15, 2010 10:13am Aug 15, 2010 10:13am
If you did as I asked in my last post you can now see what would have happened to your Buy stop or Sell stop.
Attached Image
  • #56
  • Jul 16, 2011 1:34am Jul 16, 2011 1:34am
This thread appears long dead. Shame
The problem with simple but effective strategies is that there really isn't much to say beyond a few pages. Then the thread gets lost because it falls from view
It's also too easy so can't be profitable can it?
The absence of at least five comfort blankets (er sorry, indicators) must also be a problem to the holy grail seekers.
I would add one more observation on when to skip trading this method.
Do not trade on days when there are no significant GBP or US news releases. These are usually choppy low volume days.
Good luck all
  • #57
  • Jul 16, 2011 5:41am Jul 16, 2011 5:41am
Quoting onetowatch
This thread appears long dead. Shame
The problem with simple but effective strategies is that there really isn't much to say beyond a few pages. Then the thread gets lost because it falls from view
It's also too easy so can't be profitable can it?
It has a +ve expectancy, but the drawdown periods tend freak most players out
  • #58
  • Last Post: Jul 16, 2011 5:50am Jul 16, 2011 5:50am
Quoting onetowatch
This thread appears long dead. Shame
The problem with simple but effective strategies is that there really isn't much to say beyond a few pages. Then the thread gets lost because it falls from view
It's also too easy so can't be profitable can it?
The absence of at least five comfort blankets (er sorry, indicators) must also be a problem to the holy grail seekers.
I would add one more observation on when to skip trading this method.
Do not trade on days when there are no significant GBP or US news releases. These are usually choppy low volume...
I agre e with you, this kind of systems are too easy to write tons of volumes.
Anyway in my experience breakout systems, not only with this time windows, are the only ones that works according to my personal trading ability.
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