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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #1,281
  • Sep 24, 2009 3:35pm Sep 24, 2009 3:35pm
Quoting maq
what is your strategy with this method please explain

working with how fed does it 3-5 gmt tp1 @ 30 then b/e tp2 @70
aug small profit
sep small loss
only monday for trading this system for me
, you can see an backtest posted few days before: http://www.forexfactory.com/showpost...postcount=1240
  • #1,282
  • Sep 24, 2009 5:16pm Sep 24, 2009 5:16pm
Hi All,
Ive been reading this thread but I noted the set up have changed a lot since the thread was started.

I need to ask you some questions:
What Pair are you trading right now?
What Box Time? 0400-0700?
What TimeFrame?
What Buffer?
What TP Sl Values?

Are you tradin with an EA?

Thanks
  • #1,283
  • Sep 24, 2009 10:40pm Sep 24, 2009 10:40pm
Quoting FXpander
Hi All,
Ive been reading this thread but I noted the set up have changed a lot since the thread was started.

I need to ask you some questions:
What Pair are you trading right now?
What Box Time? 0400-0700?
What TimeFrame?
What Buffer?
What TP Sl Values?

Are you tradin with an EA?

Thanks
I currently Trade G/U and G/J both offer great swings even when range bound.

I trade 2-5 while others trade 2-5 3-6 or 4-7. Its up to you what you choose to use, all 3 work

I use 15min others use 30min again whatever works for you.

on GJ i use 10pip buffer on GU 7 but again that changes depending on your style.

TP for me depends on pair...on GJ my levels are 20-30 for TP1 60-TP2 100-TP3
GU its 20-25 50 and 75

again that is what works for me.
  • #1,284
  • Sep 25, 2009 12:48am Sep 25, 2009 12:48am
Quoting Weasy2k
I currently Trade G/U and G/J both offer great swings even when range bound.

I trade 2-5 while others trade 2-5 3-6 or 4-7. Its up to you what you choose to use, all 3 work

I use 15min others use 30min again whatever works for you.

on GJ i use 10pip buffer on GU 7 but again that changes depending on your style.

TP for me depends on pair...on GJ my levels are 20-30 for TP1 60-TP2 100-TP3
GU its 20-25 50 and 75

again that is what works for me.
Hey Weasy2k thanks for your explanation. I will test it and see how it works. how long youve been trading this way? are your profits consistant?
Thanks.
  • #1,285
  • Sep 25, 2009 3:01am Sep 25, 2009 3:01am
*didnt trade tonight due to the fact that the market has moved alot over the last day. I didnt want to risk losing what i have gained this week.*

Back testing shows pretty consistent gains but forward testing so far is a bit weak, however i have only been trying this out live for 3 weeks now.

Week 1 had a 50% win rate week 2 (last week) was 65% and this week is 100% so far.
  • #1,286
  • Sep 28, 2009 1:11am Sep 28, 2009 1:11am
weasy what stop loss do you use?
  • #1,287
  • Sep 28, 2009 2:23pm Sep 28, 2009 2:23pm
Quoting wltam
Thank you~

WL

Hi WLTAM

Would you be able to modify your MQ4 Ea to work on other bars besides 15 min bars and would it be possbile to have the second trade for a TP2 be a different lot size, Your work is appreciated

thanks

FXWest
  • #1,288
  • Sep 28, 2009 10:55pm Sep 28, 2009 10:55pm
Out of town for a few week

modified the EA already

add the Tp2 Tp3 lot size
and ..the lot size control

my idea is
you can buy one extra unit for extra equity (say $400)

if ur equity has $1600, you can buy 4 unit lot

when you enter Lots is 0.1 Lot_TP2 0.2 ....
the lot enter will be 0.1*4 = 0.4 lot for Tp1 and 0.2*4 for TP2, same as TP3

if ur equity has $1325, you can only buy 3 unit lot.....
Attached File(s)
File Type: ex4 EA_breakout_trend_TP3_lot.ex4   15 KB | 559 downloads
File Type: mq4 EA_breakout_trend_TP3_lot.mq4   14 KB | 881 downloads
  • #1,289
  • Sep 28, 2009 11:29pm Sep 28, 2009 11:29pm
In long today aiming for +30 +50 +80 SL40
  • #1,290
  • Edited Sep 29, 2009 12:01am Sep 28, 2009 11:54pm | Edited Sep 29, 2009 12:01am
Quoting wltam
Out of town for a few week

modified the EA already

add the Tp2 Tp3 lot size
and ..the lot size control

my idea is
you can buy one extra unit for extra equity (say $400)

if ur equity has $1600, you can buy 4 unit lot

when you enter Lots is 0.1 Lot_TP2 0.2 ....
the lot enter will be 0.1*4 = 0.4 lot for Tp1 and 0.2*4 for TP2, same as TP3

if ur equity has $1325, you can only buy 3 unit lot.....


Thanks for this doing this so fast

Is it possible to also add the feature of any time bar instead of only the 15 min bar? in the look back?

this is a Great Ea

Again

Many Thanks

FXWest
  • #1,291
  • Sep 29, 2009 1:07am Sep 29, 2009 1:07am
Quoting FXwest
Thanks for this doing this so fast

Is it possible to also add the feature of any time bar instead of only the 15 min bar? in the look back?

this is a Great Ea

Again

Many Thanks

FXWest
ok
try to make ;ater
  • #1,292
  • Sep 30, 2009 12:16am Sep 30, 2009 12:16am
Thanks Alot for it
what pairs?
  • #1,293
  • Sep 30, 2009 6:25am Sep 30, 2009 6:25am
Wltam,

thanks so much for the EA you have written, i have been using it for a while now and i have 2 queries/requests if at all possible

  1. can the spread be added to the buy orders only??
  2. Alpari UK dont allow stop/limit orders to be placed if price is within 2/3 pips of the order level. Can market orders be used when this occurrs???

Again many thanks for this EA, and for any help with the above

Many pips to you

Grant

  • #1,294
  • Oct 1, 2009 6:31am Oct 1, 2009 6:31am
This week = 3 winners +1 loser.

Tomorrow = no trade because of NFP.

Last 2 NFP's was losers for me.

See you on Monday.
  • #1,295
  • Oct 1, 2009 8:01pm Oct 1, 2009 8:01pm
mat how did you do in the two last weeks?


Quoting matlobien
This week = 3 winners +1 loser.

Tomorrow = no trade because of NFP.

Last 2 NFP's was losers for me.

See you on Monday.
"The person who knows that enough is enough, will always have enough". .
  • #1,296
  • Oct 2, 2009 2:06am Oct 2, 2009 2:06am
Quoting matlobien
This week = 3 winners +1 loser.

Tomorrow = no trade because of NFP.

Last 2 NFP's was losers for me.

See you on Monday.
can you tell me what trade are they?
thank you
  • #1,297
  • Oct 2, 2009 3:00am Oct 2, 2009 3:00am
Quoting maq
mat how did you do in the two last weeks?
Basically the whole of September was not good.

I managed to come out with + .
  • #1,298
  • Oct 2, 2009 3:07am Oct 2, 2009 3:07am
Quoting wltam
can you tell me what trade are they?
thank you
GU. Only lost on Tuesday.

Today would also have been a loss if you tried NFP Friday.
  • #1,299
  • Oct 2, 2009 3:11am Oct 2, 2009 3:11am
Quoting matlobien
GU. Only lost on Tuesday.

Today would also have been a loss if you tried NFP Friday.
How ur SL setting is?
Thank
  • #1,300
  • Oct 2, 2009 3:34am Oct 2, 2009 3:34am
Hi, I am interested to see your trades too, mines give not same results with regular settings posted here.

thanks
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