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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)

  • #41
  • Sep 11, 2009 1:00pm Sep 11, 2009 1:00pm
Aww... Now that was just hurtful.

Quoting Moxie
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
  • #42
  • Sep 11, 2009 1:39pm Sep 11, 2009 1:39pm
Chill Dark, its all good, only for you we would not be here ..
  • #43
  • Sep 11, 2009 2:05pm Sep 11, 2009 2:05pm
I know, I'm just messin. It's Friday! woohoo!
But seriously I hope you guys keep at it. I know I'll be re-adding this to my trading style eventually.

Quoting Moxie
Chill Dark, its all good, only for you we would not be here ..
  • #44
  • Sep 14, 2009 1:28am Sep 14, 2009 1:28am
Here's a glance at my trades for this monday, till now.



They both say "trade #1"... :S
Its obviously supposed to be trade one, and two.

Sorry...
Attached Image (click to enlarge)
Click to Enlarge Name: results6.gif Size: 62 KB
“Well, you know, I was a human being before I became a businessman.”
  • #45
  • Sep 14, 2009 5:03am Sep 14, 2009 5:03am
Quoting Magic46
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.
Hi Magic

This is very good rules.

Have you got a system like that which you are willing to share ?

Kind regards.
  • #46
  • Sep 14, 2009 8:24pm Sep 14, 2009 8:24pm
Nice work people,

Can someone help me out tho, say a high low is set for the first session of the day and is not triggered in either direction in session #2, does the high/low of the second session replace the orders from the first session or do you add them for a total of 4 orders?

I'm just trying to clarify cause in aph3xxx's previous screen shot it looks like he took the 2 shorts from both preceding session lows.

Thanks
  • #47
  • Sep 14, 2009 8:47pm Sep 14, 2009 8:47pm
Quoting Rbi
Nice work people,

Can someone help me out tho, say a high low is set for the first session of the day and is not triggered in either direction in session #2, does the high/low of the second session replace the orders from the first session or do you add them for a total of 4 orders?

I'm just trying to clarify cause in aph3xxx's previous screen shot it looks like he took the 2 shorts from both preceding session lows.

Thanks

all orders expire at the end of the same session on the next day.

Here's a chart with my already thrigered trades in blue and the remaining ones till next day in orange.

I hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: d.gif Size: 18 KB
“Well, you know, I was a human being before I became a businessman.”
  • #48
  • Sep 15, 2009 2:48am Sep 15, 2009 2:48am
APH. I dont see the atr on your last chart, have you stoped using it, if so what what money managment are you using..

Thanks
  • #49
  • Sep 15, 2009 4:22am Sep 15, 2009 4:22am
Quoting rebelheart
APH. I dont see the atr on your last chart, have you stoped using it, if so what what money managment are you using..

Thanks

I still use it, but my chart were very messy, i removed it so they could be more clear.
“Well, you know, I was a human being before I became a businessman.”
  • #50
  • Sep 15, 2009 7:00am Sep 15, 2009 7:00am
Here's a chart with all my trades since 11/09/2009 till now. All profitable trades.

Total profit 120 pips - 20 (2,5 pips spread) = 100 pips

I just earned a average salary in Portugal in two and a half days! I'm happy! (i'm a college student... I couldn't be happier!)
Attached Image (click to enlarge)
Click to Enlarge Name: results6.gif Size: 44 KB
“Well, you know, I was a human being before I became a businessman.”
  • #51
  • Sep 15, 2009 8:45am Sep 15, 2009 8:45am
That's fantastic! I'm very happy you are having success with this . Keep refining your method and let us know how it is going.

Quoting aph3xx_x
Here's a chart with all my trades since 11/09/2009 till now. All profitable trades.

Total profit 120 pips - 20 (2,5 pips spread) = 100 pips

I just earned a average salary in Portugal in two and a half days! I'm happy! (i'm a college student... I couldn't be happier!)
  • #52
  • Sep 15, 2009 10:50am Sep 15, 2009 10:50am
I think I subscribe to dis thread. Let's see hw it goes.
  • #53
  • Sep 15, 2009 11:02am Sep 15, 2009 11:02am
And... another one bites the dust!
One more profitable trade for today, let's see how it ends...
Attached Image (click to enlarge)
Click to Enlarge Name: results6.gif Size: 23 KB
“Well, you know, I was a human being before I became a businessman.”
  • #54
  • Sep 15, 2009 11:13am Sep 15, 2009 11:13am
Quoting nullfx
I think I subscribe to dis thread. Let's see hw it goes.

Wellcome a board!
“Well, you know, I was a human being before I became a businessman.”
  • #55
  • Sep 16, 2009 5:32am Sep 16, 2009 5:32am
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
APH. IF the ATR line is not going through or touching the candle before the trigger candle do you consider this a weak signal or do you move stop loss to where ATR is..?
Attached Image (click to enlarge)
Click to Enlarge Name: ma x.gif Size: 25 KB
  • #56
  • Edited 8:31am Sep 16, 2009 8:10am | Edited 8:31am
Quoting rebelheart
APH. IF the ATR line is not going through or touching the candle before the trigger candle do you consider this a weak signal or do you move stop loss to where ATR is..?
I place my stoploss where the ATR is, the only exception is when the price is lower than ATR, them i place my stoplosses on the candle's low, or high.
“Well, you know, I was a human being before I became a businessman.”
  • #57
  • Sep 16, 2009 8:29am Sep 16, 2009 8:29am
Obrigado APH
  • #58
  • Sep 16, 2009 9:48am Sep 16, 2009 9:48am
Quoting rebelheart
Obrigado APH

Nice!!! Are you portuguese???


Im the only portuguese i know that trades forex... Im alone
“Well, you know, I was a human being before I became a businessman.”
  • #59
  • Sep 16, 2009 10:57am Sep 16, 2009 10:57am
Thanks for the answer aph3x.

I'm not portugese but i am a university student trying to make forex a full time thing... Not completely alone aha
  • #60
  • Sep 16, 2009 11:10am Sep 16, 2009 11:10am
Quoting aph3xx_x
Nice!!! Are you portuguese???


Im the only portuguese i know that trades forex... Im alone


I'm portuguese.

Viva, de onde és?
Ready for War
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