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4H Box Breakout

  • #4,221
  • Sep 26, 2009 10:12am Sep 26, 2009 10:12am
Quoting yen44x

Attachment

Missing Thread Creator

Date: 26 September 2009

First Name: Ace

Last Name: 284

Last Seen: 13 September 2009

Description: Subject lives in Toronto, Canada, but is now known internationally. Subject is known to carry a Box with him at all times. Unconfirmed reports suggest that Subject may now be carrying a new, improved Box.

Any information may be of help. Please report any information regarding this subject to:[indent]...

Guys, i have just seen Ace and with greatly improved box

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[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG]
  • #4,222
  • Sep 26, 2009 10:15am Sep 26, 2009 10:15am

Attached Image

Recent reports indicate that the Missing Thread Creator, Ace284, disappeared around the time Mr. Shiko left Canada. It has been reported that Mr. Shiko corresponded very frequently with the Subject, often sending rambling, incomprehensible notes to the Subject at all hours of the day and night.

Mr. Shiko is now known to be traveling internationally. While not a suspect at this time, Mr. Shiko is a person of interest in this case.

If you have been contacted by Mr. Shiko or know his whereabouts, please report any information to 4H Box Breakout immediately.
Greetings from Guanajuato, Mexico
  • #4,223
  • Sep 26, 2009 10:30am Sep 26, 2009 10:30am
Quoting yen44x

Attachment

Recent reports indicate that the Missing Thread Creator, Ace284, disappeared around the time Mr. Shiko left Canada. It has been reported that Mr. Shiko corresponded very frequently with the Subject, often sending rambling, incomprehensible notes to the Subject at all hours of the day and night.

Mr. Shiko is now known to be traveling internationally. While not a suspect at this time, Mr. Shiko is a person of interest in this case.

If you have been contacted by Mr. Shiko...

The file was handed for further investigation to agent Winny the Poochl.

Attached Image


Attached Image
  • #4,224
  • Sep 26, 2009 11:35am Sep 26, 2009 11:35am
Quoting yen44x

Attachment

Missing Thread Creator

Date: 26 September 2009

First Name: Ace

Last Name: 284

Last Seen: 13 September 2009

Description: Subject lives in Toronto, Canada, but is now known internationally. Subject is known to carry a Box with him at all times. Unconfirmed reports suggest that Subject may now be carrying a new, improved Box.

Any information may be of help. Please report any information regarding this subject...




This is right Ace, you are the investigator of this tread.

Please let a message to say you are well or that you do not want to post anymore (everyone will understand) as we are, anyways, all gratefull for your thread so far.

Please just let us know why you do not post anymore.

Please give us news

Regards,
Billyjoe
  • #4,225
  • Sep 26, 2009 12:20pm Sep 26, 2009 12:20pm
Ace does not reply, why not share ideas about "his" new systeme ?

Billyjoe
  • #4,226
  • Sep 26, 2009 12:32pm Sep 26, 2009 12:32pm
Ok, I will start,

if Ace have a huge R/R with his new system following the "weekly breakout", it could be either because he takes the 2 first hours rather than the 4 first hour or the 2 last hours, or even the last hour, which will give him a tight stop loss so biggest R/R.

And/or building his positions by taking severals positions for a big move which will considerably increase the R/R for such move like friday.

Just my opinion, please feel free to comment.

regards,
Billyjoe
  • #4,227
  • Sep 26, 2009 12:42pm Sep 26, 2009 12:42pm
Quoting Pharoah
Nope, you didn't miss anything, this is just what the approx earnings of ace's new system are in that timeframe.

See! There it is again.. "Ace's new system" .. what system is that referring to?
  • #4,228
  • Sep 26, 2009 12:57pm Sep 26, 2009 12:57pm
There is no new sytem released by ACE yet.

If it is based on the original system, with all menbers who follow the thread it won't be that difficult to found out "his" new system, of course we will win a lot of time if Ace appears to reveal it, but if not... ?

Billyjoe
  • #4,229
  • Sep 26, 2009 1:01pm Sep 26, 2009 1:01pm
Quoting Jesper
See! There it is again.. "Ace's new system" .. what system is that referring to?
He had announced that he has devised a new system that is more profitable than the original system, he stated he would not be releasing it just yet, because of all the "copy and paste" system EA sellers flooding the market with freely available systems. He stated that when he feels comfortable revealing his new system he will do so here on FF.
  • #4,230
  • Sep 26, 2009 5:32pm Sep 26, 2009 5:32pm
billyjoe,

I know you haven`t posted a lot, but thank you for your contribution so far; even with these few posts you have done more than most of the posters here.

and no, you dont need a EA to backtest this simple strategy and I wouldn`t trust it anyway.
the period 29 March to 21 September is only 26 weeks and you are better off to do the backtesting manually like I do.
it might even open your eyes to other things which wont be revealed with an EA.

one of your interesting ideas is putting on another trade if up +100 pips.
you got to realize that winning trades are 40% or less, so in 60% of the trades, these second positions will end up in a loss, unless you get them to BE before the price reversal.
I hate to see the results of these riskier second positions in a ranging period!
but backtesting will give you a clue as to the validity of your idea.

keep going
  • #4,231
  • Sep 27, 2009 1:29am Sep 27, 2009 1:29am
wow the backtesting results are really impressive, i am trying the weekly ATR with the box breakout system (thx Ace) and seeing the relation between the two.... using some price action and major S&R levels to confirm a trade.... gonna start this week! will let u know how i go.

looking forward to the 'new' system Ace
  • #4,232
  • Sep 27, 2009 1:38am Sep 27, 2009 1:38am
barbs,

are you referring to the numbers mentioned in this thread or did you do your own backtesting?
can you provide numbers if you did your own?

thanks
  • #4,233
  • Sep 27, 2009 3:01am Sep 27, 2009 3:01am
For people who like to use the weekly average true range:

7-WTR = 494 pips (GBP/JPY moved on average 494 pips per week over 7 weeks)

set your stop loss for next week, say between 50-70 pips. if up by 50 pips, move stop loss to 20 pips and when it is up 0.2 WTR = 99 pips, move to BE.

for your profit target, if you go for 80% of WTR, your TP will be 80% of 494 pips = 395 pips
85% = 420 pips 90% = 445 pips
  • #4,234
  • Sep 27, 2009 4:42am Sep 27, 2009 4:42am
Quoting yonnie
For people who like to use the weekly average true range:

7-WTR = 494 pips (GBP/JPY moved on average 494 pips per week over 7 weeks)

set your stop loss for next week, say between 50-70 pips. if up by 50 pips, move stop loss to 20 pips and when it is up 0.2 WTR = 99 pips, move to BE.

for your profit target, if you go for 80% of WTR, your TP will be 80% of 494 pips = 395 pips
85% = 420 pips 90% = 445 pips
Hi Yonnie,
I am refering to the numbers osted on this thread primarily and confirming them by eyeballing the charts........

Just working out a couple things with the wkly atr.... primarily using it as tp marks etc and also s&r levels.... but will play with it and see how it goes...... I primarily trade of PA and S+R so will have to adapt this system to my pedantic ways :-)

Will keep you'se posted

:-)
  • #4,235
  • Sep 27, 2009 2:53pm Sep 27, 2009 2:53pm
Quoting Pharoah
He had announced that he has devised a new system that is more profitable than the original system, he stated he would not be releasing it just yet, because of all the "copy and paste" system EA sellers flooding the market with freely available systems. He stated that when he feels comfortable revealing his new system he will do so here on FF.

Aha, that sounds real nice!
Can't wait to see it!
  • #4,236
  • Sep 27, 2009 5:39pm Sep 27, 2009 5:39pm
is this monday a bank holiday? in the uk

i know that schools are of fri the 25th also this monday and some other business also

can anyone confirm this because on the last two bank holidays the method has lost
"The person who knows that enough is enough, will always have enough". .
  • #4,237
  • Sep 27, 2009 5:44pm Sep 27, 2009 5:44pm
Attached Image
Quoting yen44x
I do too . . . does this mean we're married, Andante?
You'll have to get clearance from Bonita. . .then we can talk
  • #4,238
  • Sep 27, 2009 7:21pm Sep 27, 2009 7:21pm
maq
Member
Member Since Jan 2009
106 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif
is this monday a bank holiday? in the uk

i know that schools are of fri the 25th also this monday and some other business also

can anyone confirm this because on the last two bank holidays the method has lost
*********************

No, the next bank holiday in the UK is Christmas Day
see:
http://www.direct.gov.uk/en/Governme...heUK/DG_073741
  • #4,239
  • Edited 8:05pm Sep 27, 2009 7:26pm | Edited 8:05pm
There are just under 40 minutes to go before the 4H box is completed. This is one large box already 139.71 to 143.13 plus buffers and spreads.

Looks like 350 pips already. I find myself in two minds whether to trade this setup this week or not?

How are you guys looking at this?

@tarquin1 - to answer your question, it is not a bank holiday in the UK
Just for today, do not worry...
  • #4,240
  • Sep 27, 2009 7:45pm Sep 27, 2009 7:45pm
If you use WTR then the 7-WTR is 494 pips.

When you enter after a move of 350 pips, then there`s not a hell of a lot left if this week indeed moves 494 pips.

But who knows, this week might be a BIG FAT move.
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