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Attachments: 7am-9am Big Dog USD Breakout Strategy
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7am-9am Big Dog USD Breakout Strategy

  • #1,661
  • Sep 9, 2009 7:58am Sep 9, 2009 7:58am
NinjaChipMunk:

broker time zone: 15
start hour is: 0
end hour: 15

My time is GMT+2

I have attached the template (with indicator) I am currently using. It helps show the direction the breakout is likely to happen.

Rules for my template are:

 

  1. Trade in direction of ALL lines only. They must all agree, you may have to wait for agreement
  2. LINES MUST ALL BE IN THE RANGE (With the exception of yellow/white lines)
  3. Avoid messy lines
  4. You can optionally use m1/m5 if unsure of trend
  5. Do not trade far from EMA200 (white line)
  6. Set a break even (I recommend B/E +1 after 20pips profit)
  7. DO NOT TRADE RANGE >75

Exit when MA in color changes color!
Box times are GMT+2

If anyone takes time to check it out please let me know how you get on.

Attached Image (click to enlarge)
Click to Enlarge Name: gu_win.gif Size: 21 KB
Attached File(s)
File Type: zip GU_Breakout_AM_PM.zip   127 KB | 1,083 downloads
  • #1,662
  • Sep 9, 2009 12:13pm Sep 9, 2009 12:13pm
Quoting gangsta1
NinjaChipMunk:

broker time zone: 15
start hour is:...
Could you please tell me how to figure out broker time zone, start hour, and end hour? My broker is FXDD and uses GMT+3 server clock.

As to your template and trade rules, do you enter at market or place limit orders? Do we need buffer when entering positions?

I like your template a lot. It is beautiful to look at, to say the very least.
  • #1,663
  • Sep 9, 2009 12:27pm Sep 9, 2009 12:27pm
Quoting gangsta1
NinjaChipMunk:

broker time zone: 15
start hour is:...
Thanks for the reply Gangsta1. I am still confused by the time settings in this breakout ea. My broker is GMT 0, I am GMT +4. So 7am-9am would be 11:00-13:00 GMT.... so What should I enter for Start of day and end of day?

I guess ultimately I am still confused about how this ea determines how to draw the 2 hour breakout box. I'm hoping you can help clear this up for me. Thanks in advance for your response.
  • #1,664
  • Sep 9, 2009 3:38pm Sep 9, 2009 3:38pm
Quoting michaelhryu
Could you please tell me how to figure out broker time zone, start hour, and end hour? My broker is FXDD and uses GMT+3 server clock.

As to your template and trade rules, do you enter at market or place limit orders? Do we need buffer when entering positions?

I like your template a lot. It is beautiful to look at, to say the very least.
To figure out the time zone I just tried different settings and ised the strategy tester. If you are GMT+3 I guess your settings should be:

broker time zone: 16
start hour is: 0
end hour: 16

However I cannot be sure so test these settings in the strategy tester.

Thanks for the nice comment about my template. I set pending orders once I see a trend (if there is one that is!). I use a 1 pip buffer + Spread. Test the EA with different settings for breakout to see what buffer works best for your money management.
  • #1,665
  • Sep 9, 2009 6:40pm Sep 9, 2009 6:40pm
Quoting gangsta1
To figure out the time zone I just tried different settings and ised the strategy tester. If you are GMT+3 I guess your settings should be:

broker time zone: 16
start hour is: 0
end hour: 16

However I cannot be sure so test these settings in the strategy tester.

Thanks for the nice comment about my template. I set pending orders once I see a trend (if there is one that is!). I use a 1 pip buffer + Spread. Test the EA with different settings for breakout to see what buffer works best for your money management.
Thanks a lot for the clarification! I will try your settings for the start, 1-pip buffer + Spread. Do you include spread only on “long” entries, or both “long and short entries”? Speaking of your template, it will certainly fit for a gangsta, and, of course, for me.
　
In post #1655, you wrote that:

“The best settings I have found for the EA on the GU/15min so far are:

max range: 2000
slippage: 0
tp1: 50
tp2: 50
tp3: 50
breakout: 80”

Will you reconfirm the above numbers, please? I was wondering if I needed to change any numbers in my application with 4-digit broker FXDD account.
  • #1,666
  • Sep 9, 2009 9:09pm Sep 9, 2009 9:09pm
Hi ForexMason,

Very nice addition.

Can you amend the box for european session as well? If possible, maybe an option to have both in the indicator so you can choose which one to trade.

Thanks.

Quoting ForexMason
Hi all,

Been following this thread with interest. I have made some modifications to the NewYorkBox.mq4 and included a manually set stop loss.

It works for me! 4 trades, 4 wins today :-)

Please see image for highlighted change and file is attached.

Thanks
  • #1,667
  • Sep 10, 2009 7:01am Sep 10, 2009 7:01am
Quoting michaelhryu
Thanks a lot for the clarification! I will try your settings for the start, 1-pip buffer + Spread. Do you include spread only on “long” entries, or both “long and short entries”? Speaking of your template, it will certainly fit for a gangsta, and, of course, for me.
　
In post #1655, you wrote that:

“The best settings I have found for the EA on the GU/15min so far are:

max range: 2000
slippage: 0
tp1: 50
tp2: 50
tp3: 50
breakout: 80”

Will you reconfirm the above numbers, please? I was wondering if I needed...
Ah yes, I did not mention I use a 5 digit broker. Just knock the 0 off the end.

I only include spread for long entries.
  • #1,668
  • Sep 10, 2009 11:08pm Sep 10, 2009 11:08pm
@ ForexMason

I really don't get the point. Why are you setting a box on 03 - 05 GMT+2?! Just asking because there is no stock open at these times. When you want to set up the box like the London/US then you have to pick 24 - 02 GMT+2 ... this is the Sydney/Tokio box. An other option is 08 - 10 GMT+2 ... This is the close of Tokio (09 GMT+2) and the open of London (also 09 GMT+2).

What do you think about these times?! I'm trying to test them ... but first I have to try to write my own EA for this ... I really don't understand that one which is already posted

Sry for ma "bad english" ... it's 06 AM in the morning right now

btw: I'm currently living in GMT+2 (Munich/Germany) and my Broker (Alpari UK) is also in GMT+2 right now.

Peace

n0ne
  • #1,669
  • Sep 13, 2009 4:00pm Sep 13, 2009 4:00pm
What is the indicator for manual trading? It seems everything is geared towards EA.

Thanks
  • #1,670
  • Sep 14, 2009 4:59am Sep 14, 2009 4:59am
Hi dznmrd! I'm using FXDD metatrader platform How can i setting ant-GBPbreakout? Many thanks!
  • #1,671
  • Sep 15, 2009 4:00am Sep 15, 2009 4:00am
Quoting Ulrick
Hi dznmrd! I'm using FXDD metatrader platform How can i setting ant-GBPbreakout? Many thanks!
I live in Gibraltar GMT+2 (summer time)
I'm using FXDD; my fxdd is GMT +3;
Tokyo start at 0 GMT
London start in summer at 7 GMT

Then in hourly chart I put my FXDD 2 am to 9 am
  • #1,672
  • Edited 1:54pm Sep 17, 2009 8:25am | Edited 1:54pm
[quote=dznmrd;2192826]Hi,

Everyones sharing such a lot on ForexFactory, I thought i will take the time to share with all too what i have learnt that works.

I just got this idea from a friend, who gets this idea from another. (nerd)
We called it the Big Dog 1400-1600 USD Breakout Strategy. (Around US OPEN)

Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader.

Daily Profit Potentials: Around 30-50pips +

All you need to do is the following:-

1. Pull out a M15 Chart for a USD Major pair, example like GBPUSD.
2. Draw a vertical line at 14:00 time on your Chart.
3. Draw a vertical line at 16:00 time on your Chart.
4. Draw a Horizontal line at the high of candles/bars in between the vertical
line.
5. Draw a Horizontal line at the Low of candles/bars in between the vertical
line.

Thats it, Simply put a buy stop at the high and sell stop at the low with stoploss at the low (If your buying) and stoploss at the high (If your selling).

Ideal Targets: Around 30-50pips or no targets if you think it can go more

Trailing Stop of 15pips, if your using metatrader.

Example screen.
Attachment
You can also check historical records and see its very profitable!!

Some points to note:

1. There are only 9 candles/bars in the 15 minute chart, between 1400-1600.
2. If the Distance between the high and low is less than 50-60 pips, it could be very profitable.
3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable.
4. If the price doesn't break the high/low, its a ranging market.
5. The USD news are usually released around or after the 14:00-16:00 phase.
6. The signals are only valid for the current day, Next day u again need to wait for the 1400-1600 time and 9 candles again.[quote]
hey bro is this fo only gbp usd ?or we can use this strategy on other pair???
  • #1,673
  • Sep 18, 2009 2:24am Sep 18, 2009 2:24am
Mr. Yahoo

when you quoted: "1400-1600 USD Breakout Strategy" what time is that?
is that NY time, GMT time, London time, CET time or some other time?

Please be specific about the time.

Thanks.




[quote=MR.Yooo;3068140]
Quoting dznmrd
Hi,

Everyones sharing such a lot on ForexFactory, I thought i will take the time to share with all too what i have learnt that works.

I just got this idea from a friend, who gets this idea from another. (nerd)
We called it the Big Dog 1400-1600 USD Breakout Strategy. (Around US OPEN)

Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader.

Daily Profit Potentials: Around 30-50pips +

All you need to do is the following:-

1. Pull out a M15 Chart for a USD Major pair,...
  • #1,674
  • Sep 21, 2009 9:36am Sep 21, 2009 9:36am
Hello all,


Been following this thread for some time now. I am just wondering if anyone still trades this breakout from 7 AM to 9 AM (EST) .. or have the times changed? Any others changes to this system? For example the Euro Break-Out is from 0:00 to 3:00 AM (EST) many people have switched to 10:00 PM to 1:00 AM.

Thanks,

One pip at a time...
  • #1,675
  • Sep 21, 2009 9:17pm Sep 21, 2009 9:17pm
Hi, im really new on this, can some one help me whit the time i need start to plot the chart?

im i little confused since i saw some chart whit 1400 to 1600 and others whit 1300 to 1500 ,

im located in california , GTM-8 pacific time, i calculate the time in my city and i assume the correct time is 04:00 to 06:00 my local time and in the platform must be 11:00 to 13:00.

im right?

really sorry if i bored someone whit my english and stupid questio for you guys.

thanks.
  • #1,676
  • Sep 21, 2009 11:02pm Sep 21, 2009 11:02pm
Quoting dznmrd
Hi,

Everyones sharing such a lot on ForexFactory, I thought i will take the time to share with all too what i have learnt that works.

I just got this idea from a friend, who gets this idea from another. (nerd)
We called it the Big Dog 1400-1600 USD Breakout Strategy. (Around US OPEN)

Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader.

Daily Profit Potentials: Around 30-50pips +

All you need to do is the following:-

1. Pull out a M15 Chart for a USD Major pair, example...
hi d u have ?or dont u know where i can get the mq4 version this Attachment indicator
  • #1,677
  • Sep 22, 2009 6:52am Sep 22, 2009 6:52am
Think this is what you are looking for ... hope i did the upload correct....
Attached File(s)
File Type: ex4 ant-GUBreakout_V.0.4.1.ex4   13 KB | 521 downloads
  • #1,678
  • Sep 22, 2009 12:06pm Sep 22, 2009 12:06pm
Bonjour Thierry,

I like very much your suggestion of a 1 hr time frame. Are you still trading it? How is it going?

Best regards!


Quoting Thierry89
Bonjour santal

I use this strategy on one hour chart (6:00-8:00 Paris) in EUR session with a stop order placed at 9:00 Paris and one hour chart (13:00-15:00 Paris) in US session with a stop order placed at 16:00 Paris.

Je parle également de cette stratégie sur un forum francophone qui est http://www.trader-forex.fr/forum

@+ et bon courage
  • #1,679
  • Sep 22, 2009 1:36pm Sep 22, 2009 1:36pm
Quoting buffalopip
Think this is what you are looking for ... hope i did the upload correct....
thanks bro i ve this one but i wanna mq 4 version antGbreakout indicator .Thanks for sharing
  • #1,680
  • Sep 23, 2009 6:41am Sep 23, 2009 6:41am
Hi Guys,

I've been busy creating a s/sheet with various SLs and TPs.

I've also added 2 indicators to the chart. Slope Direction line. Same indicator but with different settings.

Taking trades when both slopes align with breakout direction, it's vastly superior and more profitable. I've only gone as far back as August but I'll be going back to Jan 09 eventually.

If anyone is interested, I can add the s/sheet.
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