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4H Box Breakout

  • #3,281
  • Sep 4, 2009 4:26pm Sep 4, 2009 4:26pm
Hi Ace,

I wonder how such wide risk:reward ratios would perform in some of the less volatile years (i.e. 2002 & 2005)...

Walt

Quoting Ace284
I've tested an interesting variation that I noticed a few days ago. Let's just say I was completely blown away when I saw the results. Tested from Jan 09 till now. I've already looked over the numbers three times, but will quadruple...Octuple (lol) check it just incase.

The average risk:reward is 1:13. The lowest was 1:6 and the highest was 1:34. After I saw that, my eyes were pretty much glued to the screen. You guys know i'm a risk:reward fanatic.
Win rate is 40% but with rewards like that, even a 10% win...
  • #3,282
  • Sep 4, 2009 4:29pm Sep 4, 2009 4:29pm
Quoting wrenski
I had to do a Google search on tenterhooks to find the meaning. I had no idea what you were talking about.


Wrenski, it is possibly related to Hell Raiser. You gotta be careful. Stay away from the cube!!!!
  • #3,283
  • Sep 4, 2009 4:34pm Sep 4, 2009 4:34pm
Quoting PiPsAddict
I've been reading through most of the pages here and really like what I see. Mechanical systems tend to remove the (sometimes deadly) emotional factor from trading.

Quick question Yen44x.... is your 30% SL calculated on just the high/low of the box candle, or is the buffer included as well in that 30% calculation.

Thanks in advance.... I'm very excited to lay some trades down and hopefully contribute something to this thread as well.
The buffer is included in the calculation. Good luck!
Greetings from Guanajuato, Mexico
  • #3,284
  • Sep 4, 2009 4:37pm Sep 4, 2009 4:37pm
Quoting charvo
i cannot believe that many ppl simply applauding to your idea....

I think that 15% of the box may be a little bit too close, but 25-30% and of course 50% is a a better proposition. Actually, Interseptor whom I found browsing at No Brainers thread can throw me some support. 40-50 pips stop losses are working just fine at that thread. It is quite reasonable stop loss IMHO and it is exactly 20-30% of the box on average.
  • #3,285
  • Sep 4, 2009 4:42pm Sep 4, 2009 4:42pm
Quoting Ace284
I've tested an interesting variation that I noticed a few days ago. Let's just say I was completely blown away when I saw the results. Tested from Jan 09 till now. I've already looked over the numbers three times, but will quadruple...Octuple (lol) check it just incase.

The average risk:reward is 1:13. The lowest was 1:6 and the highest was 1:34. After I saw that, my eyes were pretty much glued to the screen. You guys know i'm a risk:reward fanatic.
Win rate is 40% but with rewards like that, even a 10% win...
Oh, you tease!
Greetings from Guanajuato, Mexico
  • #3,286
  • Sep 4, 2009 4:45pm Sep 4, 2009 4:45pm
Hello everyone,

I'm pro-noob in forex market, cuz i've started forex 2 month ago, and don't have enough knowledge about it. except forex fundamental (thanks to Darkstar)

I've just tried this breakout system today, i've cheacked past data. and for me i'll defiantly go with this system. exception is i'll come out of trade with tp1 box. or close my position at same price as opening.

There's always another box-breakout to go with, so if not this time, next time. but make sure no trade in loss. saving a penny is earning dollar for me.

thanks ACE for this wonderfull thing. and all of you to give your comments about this system. hope my $1500 forex account will be $1.5 B soon. Till that time let we all have Profitable trade.
  • #3,287
  • Sep 4, 2009 5:42pm Sep 4, 2009 5:42pm
yes thats a massive tease!
But sounds really great (as expected!).
Maybe you should post it and let many "common" traders help test it for you and make it great....... !!??
  • #3,288
  • Sep 4, 2009 6:19pm Sep 4, 2009 6:19pm
Hi ACE,

I just clear my plate, ready and keen to backtest your new strategy.

  • #3,289
  • Sep 4, 2009 6:25pm Sep 4, 2009 6:25pm
Quoting danno96
Hi ACE,

I just clear my plate, ready and keen to backtest your new strategy.


Let's make bets at what is that!
I am sure it is somehow related to multiple positions!
I have been thinking of coming back to multiple positions on my daily trading and then started thinking of how it might be useful for Ace's strategy.
  • #3,290
  • Sep 4, 2009 7:47pm Sep 4, 2009 7:47pm
Quoting pawan
Hello everyone,
I've just tried this breakout system today, i've cheacked past data. and for me i'll defiantly go with this system. exception is i'll come out of trade with tp1 box. or close my position at same price as opening.
Just a word of warning....you will probably lose your account if you trade Ace's system that way without some modifications.

I'm sure you've read the whole thread, so just remember that its the big winners that make this system
  • #3,291
  • Sep 4, 2009 9:55pm Sep 4, 2009 9:55pm
Quoting shiko
Let's make bets at what is that!
I am sure it is somehow related to multiple positions!
I have been thinking of coming back to multiple positions on my daily trading and then started thinking of how it might be useful for Ace's strategy.
LoL, no there are no multiple positions. You take less trades with this variation then with the original 4H Box Breakout system.
  • #3,292
  • Sep 4, 2009 10:00pm Sep 4, 2009 10:00pm
  • #3,293
  • Sep 4, 2009 10:02pm Sep 4, 2009 10:02pm
Quoting Ace284
LoL, no there are no multiple positions. You take less trades with this variation then with the original 4H Box Breakout system.

Out with it man, your killing us lol
  • #3,294
  • Sep 4, 2009 10:37pm Sep 4, 2009 10:37pm
It's like Christmas eve when I was a kid....the anticipation is killing me.
  • #3,295
  • Edited Sep 5, 2009 1:25am Sep 4, 2009 10:39pm | Edited Sep 5, 2009 1:25am
Quoting charvo
i cannot believe that many ppl simply applauding to your idea. with all due respect, i have no problem to any person, but serious doubt to your calculation.

i am afraid that what you claim is NOT right. for this system, at best, you may move SL to middle of box. only 36 pips? the system is dead, you might try.
If you read my posts, I said it was an experiment and had no idea whether it would work. If people choose to applaud or criticize, that's their choice.

Here's my thinking, and then maybe you can help me see the error of my ways. The creator of this thread has said that there are more losing weeks than winning weeks. If I remember correctly, the win pct. was around 40%. There are 52 weeks in a year. Let's assume that 22 of those weeks are winners. That leaves 30 losing weeks.

If the average box size is 150 pips, and I'm going to be losing 30 weeks, that's 4,500 pips in losses. If two trades are triggered in a week, the lost pips could be even greater. If, and I emphasize if, a 30% SL (45 pips) worked that would cut the losses down to 1,350 pips. That's a huge advantage IMO.

I think your point is that I will be taken out of winning trades due to the tight stop loss. You may be right. If that's the case, a simple adjustment of SL should help. You may be right that 50% is a better SL. But, that's the purpose of an experiment. As I said, I will post my results as always and everyone can form their own conclusions.

Welcome to the thread, by the way.
Greetings from Guanajuato, Mexico
  • #3,296
  • Sep 5, 2009 2:54am Sep 5, 2009 2:54am
Hi Ace
My post in post#3204

i want hear you mind.

please reply me..

Thank your work!
  • #3,297
  • Edited 3:22am Sep 5, 2009 3:07am | Edited 3:22am
ace i think i know what idea can it be. it happens like once a 2 months or once a 6 weeks am i right?
  • #3,298
  • Sep 5, 2009 5:28am Sep 5, 2009 5:28am
Quoting Ace284
LoL, no there are no multiple positions. You take less trades with this variation then with the original 4H Box Breakout system.

Trading is SIMPLE not EASY.
  • #3,299
  • Sep 5, 2009 8:24am Sep 5, 2009 8:24am
Quoting basomakm
Thanks very much for your interest ...
but i skip the 2nd week " on purpose " because this week = No entry which = No Buy - No sell

i'll back test this idea for about 100 weeks
and i'll post now the 1st...

Week 21 : TP3
Week 22 : TP1
Week 23 : No entry
Week 24 : NO TP NO SL
Week 25 : TP3
Week 26 : No Entry
Wekk 27 : No entry
Week 28 : TP1
Week 29 : No Entry
Week 30 : TP 6
Week 31 : TP 4
Week 32 : No entry
Week 33 : TP2
Week 34 : No SL No TP
Week 35 : TP1
Week 36 : SL
Week 37 : TP6
Week 38 : No entry
Week 39 : No SL No TP
Week 40 : TP6
  • #3,300
  • Sep 5, 2009 8:47am Sep 5, 2009 8:47am
Basomakm,

just to be sure about your idea, we look at the EMA200 applied to the 4H chart to decide the direction of the trade. If above the EMA200 only long trades, if below the EMA200 (of the 4H chart) only short trades.

Stop-loss is the TP1 of the other direction of the trade, actually 2 boxes, right ?

Thanks
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