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4H Box Breakout

  • #4,121
  • Sep 24, 2009 6:42pm Sep 24, 2009 6:42pm
Quoting yen44x
However, if I'm driving you to distraction, just click on my name and put me on your ignore list. I won't be offended and you won't have to deal with my warped sense of humor. Good trading!
How do insure that I am always a recipient of your humor?
  • #4,122
  • Edited 7:42pm Sep 24, 2009 6:46pm | Edited 7:42pm
In my trading I wont talk about box sizes anymore regarding TP`s and SL.

I dont need the box size as my SL and it is also not depending in my view on high or low ATR.
In volatile or ranging conditions the initial SL should be the same; not sure yet how to go forward from there.

To use box size for TP`s is not a good idea. The first 4 hours might be quite volatile in an otherwise sleepy week(s) and you might aim too high with TP4.

I decided to use a portion of 7-WTR as my basis to set BE (as in: if up by 0.2 7-WTR move to BE), if up by 0.4 7-WTR move stop to 0.2 7-WTR, close trade at 0.85 7-WTR etc.

Why 7-WTR?
I feel I would want to keep track of what is happening recently; not such a low ATR that the ATR gets distorted by 1-2 weeks rogue weeks, but on the other hand not too long that I`m aiming for an impossible amount of pips.
Besides the number 7 is a holy number, so what can be wrong with a blessing from above!

Let me know what you guys think.
  • #4,123
  • Sep 24, 2009 7:09pm Sep 24, 2009 7:09pm
Quoting yen44x
I never paid attention long enough to find out.

C'mon, Yonnie, you're testing my resolve if you keep feeding me lines like that.
Classic Yen humor...should belong to the "Yen Hall of Fame Anecdotes"!

  • #4,124
  • Sep 24, 2009 7:25pm Sep 24, 2009 7:25pm
Quoting Bobcat2
Classic Yen humor...should belong to the "Yen Hall of Fame Anecdotes"!
an awesome name for a new thread by Yen and all the other jokers can follow him there.

just keep a few good lines here now and then Yen!
  • #4,125
  • Edited Sep 25, 2009 7:38am Sep 24, 2009 9:28pm | Edited Sep 25, 2009 7:38am
Quoting yonnie
an awesome name for a new thread by Yen and all the other jokers can follow him there.
Jokers? Are you referring to the people with a sense of humor?
  • #4,126
  • Sep 24, 2009 9:44pm Sep 24, 2009 9:44pm
Quoting penfield
How do insure that I am always a recipient of your humor?
Oh, my friend Penfield, you are truly a glutton for punishment. As long as my faithful sidekick Shiko sticks around, there's no cause for worry . . . the humor will still surface . . . probably just less Google photos.
Greetings from Guanajuato, Mexico
  • #4,127
  • Sep 24, 2009 9:47pm Sep 24, 2009 9:47pm
Quoting Bobcat2
Classic Yen humor...should belong to the "Yen Hall of Fame Anecdotes"!

Yeah . . .we could hang it next to the one other good joke I had. My losing streak was worse than this system's . . .
Greetings from Guanajuato, Mexico
  • #4,128
  • Sep 24, 2009 9:49pm Sep 24, 2009 9:49pm
Quoting yonnie
an awesome name for a new thread by Yen and all the other jokers can follow him there. just keep a few good lines here now and then Yen!
Yonnie . . .No worries . . . I should mention I'm a pathological liar, so the self-imposed ban on humor probably won't stick too long . . . (note to Andy: but I'm trying, Andy, I'm trying) . . . this is at least 5 consecutive posts now without a google photo, hot chick, or burro reference.
Greetings from Guanajuato, Mexico
  • #4,129
  • Sep 24, 2009 9:52pm Sep 24, 2009 9:52pm
Quoting wrenski
Jokers? Are you referring to the people with a since of humor?
From all my dealings with Yonnie, I think that was a positive reference to jokers rather than a slam. From all my other dealings with Yonnie, I'm sure he'll correct me if I'm wrong.
Greetings from Guanajuato, Mexico
  • #4,130
  • Sep 24, 2009 9:53pm Sep 24, 2009 9:53pm
Quoting yen44x
Yonnie . . .No worries . . . I should mention I'm a pathological liar, so the self-imposed ban on humor probably won't stick too long . . . (note to Andy: but I'm trying, Andy, I'm trying) . . . this is at least 5 consecutive posts now without a google photo, hot chick, or burro reference.
Ya, but it's 5 consecutive post's in a row lol, just kidding man, saw an opening for a sting, and took it.
  • #4,131
  • Sep 24, 2009 9:56pm Sep 24, 2009 9:56pm
Quoting yonnie
In my trading I wont talk about box sizes anymore regarding TP`s and SL. I dont need the box size as my SL and it is also not depending in my view on high or low ATR. To use box size for TP`s is not a good idea. The first 4 hours might be quite volatile in an otherwise sleepy week(s) and you might aim too high with TP4. Let me know what you guys think.
I have bad news for you, Yonnie . . . you and me are thinking exactly the same. That should be a scary thought for you, my friend, a very scary thought indeed.

I'm going to be using the weekend to consider TP's that I consider logical based on factors other than a 4H box, and ATR will be right at the top of the list.

If we continue thinking like twins, there's a bunk right next to mine here at the asylum. I put your name on it so we can talk over ideas once you arrive.
Greetings from Guanajuato, Mexico
  • #4,132
  • Sep 24, 2009 9:58pm Sep 24, 2009 9:58pm
Quoting Pharoah
Ya, but it's 5 consecutive post's in a row lol, just kidding man, saw an opening for a sting, and took it.
And a good sting it was, my friend. As you can tell, I finally was granted my 15 minutes on the computer, and I'm using it to the full.

If you hadn't been inspired to zing me, I would have set a new personal best of SIX consecutive posts without interruption from the logical world.
Greetings from Guanajuato, Mexico
  • #4,133
  • Sep 24, 2009 10:00pm Sep 24, 2009 10:00pm
Quoting yen44x
I have bad news for you, Yonnie . . . you and me are thinking exactly the same. That should be a scary thought for you, my friend, a very scary thought indeed.

I'm going to be using the weekend to consider TP's that I consider logical based on factors other than a 4H box, and ATR will be right at the top of the list.

If we continue thinking like twins, there's a bunk right next to mine here at the asylum. I put your name on it so we can talk over ideas once you arrive.
Looks like we're going to have an entire asylum filled with insane traders lol.
  • #4,134
  • Sep 24, 2009 10:23pm Sep 24, 2009 10:23pm
I had missed the previous big 4h candle under the andrews Forks.. I'havent missed the second one..
it is not a 4 box picture but.. it is a pretty picture never mind no ?
I'm So sorry that it is in demo mode..sniff.. good scalp day ..

Just to be sure, that there is something to do on Forex !!
Attached Image (click to enlarge)
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  • #4,135
  • Sep 24, 2009 10:26pm Sep 24, 2009 10:26pm
Quoting Pharoah
Looks like we're going to have an entire asylum filled with insane traders lol.
well at least you guys wont need a computer and annoy the sane traders here
  • #4,136
  • Sep 24, 2009 10:27pm Sep 24, 2009 10:27pm
Quoting Scanner
I had missed the previous big 4h candle under the andrews Forks.. I'havent missed the second one..
it is not a 4 box picture but.. it is a pretty picture never mind no ?
Looks like it was a pretty slow day for you, Scanner . . . only 16 trades and 680 lots if I counted right.
Greetings from Guanajuato, Mexico
  • #4,137
  • Sep 24, 2009 10:34pm Sep 24, 2009 10:34pm
Quoting yen44x
Looks like it was a pretty slow day for you, Scanner . . . only 16 trades and 680 lots if I counted right.
And what a pity.. I wasn't there at the first break out.... and it is in a demo mode... sniff.. but it is good for the hope !
The trend following is marvellous tools , really !

I'm working on thinking about making an EA for that. this was in scalp but I'm waiting for MQ5.. public beta for the end of this month hoping.. Beta is already under activtrader for test since two weeks... hummmm...
  • #4,138
  • Sep 24, 2009 10:41pm Sep 24, 2009 10:41pm
The short trade was triggered at GMT0710hrs on 24 September 2009 at 147.85 and the full take profit (145.42, reward risk ratio 300%) was hit.

Later I found out that for those who were more aggresive and set their TP at 400%, theirs were also hit!

Cheers for those who used the original system and hit their full take profits at 300% or 400%.
  • #4,139
  • Sep 24, 2009 10:46pm Sep 24, 2009 10:46pm
Quoting Scanner
I'm working on thinking about making an EA for that. this was in scalp but I'm waiting for MQ5.. public beta for the end of this month hoping.. Beta is already under activtrader for test since two weeks... hummmm...
MT5 is going to remove the hedging all together, I for one, am NOT looking forward to MT5, not unless they somehow make it so opening separate positions on the same pair is possible, even if only through programming, but from what I gather, it's no longer an option at all.
  • #4,140
  • Sep 24, 2009 11:07pm Sep 24, 2009 11:07pm
Quoting Pharoah
MT5 is going to remove the hedging all together, I for one, am NOT looking forward to MT5, not unless they somehow make it so opening separate positions on the same pair is possible, even if only through programming, but from what I gather, it's no longer an option at all.
There is a way with two account and if you want to make that by Ea, one plate-form made the setup on dll for the others witch take them on handlle files.
with that way, it is possible to optimize variables too.. in live with the market..
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