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Attachments: Session Breakouts (3 Trades, 15 minutes a day)
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Session Breakouts (3 Trades, 15 minutes a day)

  • #21
  • Sep 3, 2009 4:18pm Sep 3, 2009 4:18pm
breakout at opening of london ONLY 2009 only

Image 1: Thread starter Method 2% risk per trade 52% profitable trades, 16.4% Max DD and -$1391.56 Total Profit

Image 2: Same as above but with 21 Ema filter
57.69% profitable trades Max DD 11.51% and -$541 Profit

Image 3: risk reward 1:1 sl = 30 tp =30 using filter
8%DD $422 profit

Image 4: tl:30 tp1: 30 tp2:60 using filter
43% profitable DD 7.81% profit $1510.33
Attached Image(s) (click to enlarge)
Click to Enlarge Name: breakout 1.png Size: 11 KB
Click to Enlarge Name: breakout 2.png Size: 9 KB
Click to Enlarge Name: breakout 3.png Size: 9 KB
Click to Enlarge Name: breakout 4.png Size: 8 KB
  • #22
  • Sep 3, 2009 4:21pm Sep 3, 2009 4:21pm
You're the man! Thank you for doing that.

Looks like the method needs some work ... Back to the lab.
  • #23
  • Sep 3, 2009 4:23pm Sep 3, 2009 4:23pm
The pik box, what is your start time? I am in eastern time and you are in central. Mine is ONE hour ahead of yours and I have it set to start at 00:00.

I have tried 23:00 hrs and 11:00, neither one moves it one hour earlier.

All other times/boxes seem to match.

So far so good by the way.

One more question...

The entry order is the low or hight of the box PLUS the spread??

So let's say the high is 1.6385 and the spread is three pips, the entry then is 1.6385????

So far it looks good....

Thanks,
Robert
  • #24
  • Sep 3, 2009 4:25pm Sep 3, 2009 4:25pm
I meant PINK box and 1.6388, thus three pips higher than the high of the box if we have three pips for the spread...

R
  • #25
  • Sep 10, 2009 11:48am Sep 10, 2009 11:48am
I tested this backtested this strategy from 02-03 to 17-04-2009 with a little modification. I use a ATR with a 12 period on my charts and i place my stoploss levels on the atr of the candle rigth before the candle that activated the trade. I had a 96,262% probability of success in that period.
I wich a had a ea to test this easily...


Very nice system!

This thread shouldn't die
“Well, you know, I was a human being before I became a businessman.”
  • #26
  • Sep 10, 2009 12:13pm Sep 10, 2009 12:13pm
Quoting aph3xx_x
I tested this backtested this strategy from 02-03 to 17-04-2009 with a little modification. I use a ATR with a 12 period on my charts and i place my stoploss levels on the atr of the candle rigth before the candle that activated the trade. I had a 96,262% probability of success in that period.
I wich a had a ea to test this easily...


Very nice system!

This thread shouldn't die
Hi APH, I also like this system but it most definitely needs some kind off filter, Can you post a chart with the ATR in place..

Rebel
  • #27
  • Sep 10, 2009 12:31pm Sep 10, 2009 12:31pm
Quoting rebelheart
Hi APH, I also like this system but it most definitely needs some kind off filter, Can you post a chart with the ATR in place..

Rebel

Sure!

There's another order that would be thriggered with profit, i forgot it...
Attached Image (click to enlarge)
Click to Enlarge Name: results5.gif Size: 37 KB
“Well, you know, I was a human being before I became a businessman.”
  • #28
  • Sep 10, 2009 1:39pm Sep 10, 2009 1:39pm
That's good to hear! I have to admit I have not been taking trades related to this method lately. My trading ADHD has got the best of me as I've been hopping around between all sorts of methods.

I see people are having varied results via backtests. This seems reasonable considering the nature of backtests and curve fitting in general.

I'll be lurking Keep at it!

Quoting aph3xx_x
I tested this backtested this strategy from 02-03 to 17-04-2009 with a little modification. I use a ATR with a 12 period on my charts and i place my stoploss levels on the atr of the candle rigth before the candle that activated the trade. I had a 96,262% probability of success in that period.
I wich a had a ea to test this easily...


Very nice system!

This thread shouldn't die
  • #29
  • Sep 10, 2009 4:30pm Sep 10, 2009 4:30pm
APH can you post the atr indi you are using with the correct inputs, or let me know what fields have to be changed once the file is loaded on to MT4.

Thanks

Rebel
  • #30
  • Sep 10, 2009 9:29pm Sep 10, 2009 9:29pm
Quoting DarkDays
How it works: At the end of each session I determine the high and low for the session. I place a limit buy order at the high, and a limit sell order at the low.

Then during the next session either price action activates my order(s) or it does not. At the end of that next session I repeat the process by setting up pending buy and sell orders at the high and low of the last session.

Say the Asian session has ended and you have set the orders. If the orders are not filled during the European session, do you cancel them and then set orders based on the European H/L, or do you leave the Asian session H/L orders open until they fill?
  • #31
  • Sep 11, 2009 12:02am Sep 11, 2009 12:02am
I tended to override the pending orders with the high and low of the latest session.

I think recency bias has a lot to do with why this type of breakout works. Because of this, the older a high and low are, the less likely it will be to influence the market's feeling towards a specific price.

Does that make any sense?

Quoting dargane
Say the Asian session has ended and you have set the orders. If the orders are not filled during the European session, do you cancel them and then set orders based on the European H/L, or do you leave the Asian session H/L orders open until they fill?
  • #32
  • Sep 11, 2009 12:12am Sep 11, 2009 12:12am
Thanks for the explanation


Quoting DarkDays
I tended to override the pending orders with the high and low of the latest session.

I think recency bias has a lot to do with why this type of breakout works. Because of this, the older a high and low are, the less likely it will be to influence the market's feeling towards a specific price.

Does that make any sense?
  • #33
  • Sep 11, 2009 12:14am Sep 11, 2009 12:14am
You're very welcome.

Quoting dargane
Thanks for the explanation
  • #34
  • Sep 11, 2009 8:48am Sep 11, 2009 8:48am
I have traded breakouts for a few years now and got started with this style by watching threads on this forum. What I found was that I needed three rules in order to be successful trading BO's.

1. TP must be greater than SL. I personally like my profit levels to double my sl levels.

2. Backtests should produce profitable trades at least 50% of the time.

3. Pair must have significant volatility.

This would give me a solid foundation to build on for forward testing.

All the best.
  • #35
  • Sep 11, 2009 9:29am Sep 11, 2009 9:29am
I'm coming around to your point of view as regards having a higher R:R.

Thank you for your input.
  • #36
  • Sep 11, 2009 10:30am Sep 11, 2009 10:30am
Quoting rebelheart
APH can you post the atr indi you are using with the correct inputs, or let me know what fields have to be changed once the file is loaded on to MT4.

Thanks

Rebel
Sure, here it is.
Attached File(s)
File Type: ex4 ATRonChart.ex4   2 KB | 504 downloads
“Well, you know, I was a human being before I became a businessman.”
  • #37
  • Sep 11, 2009 10:35am Sep 11, 2009 10:35am
I have 4 pending orders rigth now, stoplosses will be replaced once the trades are thriggered, now they just act as my "seat belt"
Attached Image (click to enlarge)
Click to Enlarge Name: results6.gif Size: 34 KB
“Well, you know, I was a human being before I became a businessman.”
  • #38
  • Edited 11:31am Sep 11, 2009 11:11am | Edited 11:31am
aph3xxx Can you give us your sessions indicator. also why use ATR why not just use the low of the candle before preach, what is your money managment when a trade is open..?

Any luck with this EA to we get some back testing done

Moxie
  • #39
  • Sep 11, 2009 11:45am Sep 11, 2009 11:45am
Quoting Moxie
aph3xxx Can you give us your sessions indicator. also why use ATR why not just use the low of the candle before preach, what is your money managment when a trade is open..?

An luck with this EA to we get some back testing done

Moxie
I noticed that sometimes, but not very often, price retracts bellow the previous low, but in all my backtesting (107 trades) price only retracted to values bellow the ATR on chart 4 times resulting in loss.
But, thats a valid ideia, if someone backtest that and it works, giving us an improved edge we should use it to minimize losses. I will check my charts looking that way.
My MM is pretty simple, for now im closing all my lots at tp level, but im thinking about a fraccional tp method.

Does anyone knows about any EA for beakouts in wich we could backtest both stoplosses "theories", ATR and previous low???
Attached File(s)
File Type: mq4 i-Sessions.mq4   6 KB | 480 downloads
“Well, you know, I was a human being before I became a businessman.”
  • #40
  • Sep 11, 2009 11:52am Sep 11, 2009 11:52am
aph3xxx thanks for that, and all your hard work here as well, hope you keep it up unlike the genius that started the thread, he didnt last long.

Make luv not war.

Moxie
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