Early Bird catches the Worms..GBPUSD

Hi Dubai,

I see you've signed in to the thread. I have placed my pending Buy order @ 1.6420 and my Sell pending order @ 1.6377

These entry points are valid for the Oanda trading platform.

Good luck with your trade!

Could of sworn i posted entries? lol.

1.6416 LONG

1.6376 SHORT

These are not allowing for spread.

Thanks, Bob, GU seems to still want up so hopefully daily R1 won't stop the TP.

My posting included Oanda's current 3 pip spread.

I also use Tom Yeomans' Currency Meter to determine individual currency strengths. The pound is indeed beginning to trend upward.

Currency Strength Values:
GBP = 8.00
USD = 3.43

WLTam has been kind enough to create an EA for me and hopefully by the end of the day we will have sorted the minor problem with it.

Looking forward to the results.

Hi DubaiTrader,

I'm following your method and demo trade it using FXDD. The short order was triggered at 1.6377. according to your method, I have my target at 1.6357 and SL at 1.6397.

Rick

TP hit, in and out before 4-7AM breakout is running..

+60 this week.

Mine hit too. (Demo)
Rick

Here too

Glad you guys are joining in on demo.

Let's hope the good week continues forward.

+20 pips...LIVE

Thanks, Dubai

Hi, there is equity curve for six years on gbp/usd. So good luck with this system The key is good RRR!

And that was generated with my exact settings?

open at 7:00 (Paris,Prague time) +- 20pips stopentry orders, sl=pt=20pips. Good is last +-year

Incorrect. Open at 6.30 UK time.

Care to share the EA so I can have a peak?

Yes, but you said 7AM, not 7.30AM. 5 Minute chart. Use open price of the candle that starts at 06:30-06:35.

If you could post the EA, that'd be much appreciated. WLTam is creating one also but having a few niggles with it.

I'd be very surprised if this is a losing strategy, long term, as that graph suggests.

ok,sry, I didn't understand. so,there is at 7:30(Paris)

hi,

why not try tp of 20, sl of 20, and trailstop of 10?

because I don't have TS in my software but I can write it ASAP

If you can, could you try:

25 TP, 20 SL

30 TP, 20 SL

45 TP, 20 SL

All of above but with 25, 30 SLs.

That'd be interesting.

there is one big problem, and that is, that conditions of markets are changing often