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0400-0700 GMT Breakout Strategy

  • #1,341
  • Oct 18, 2009 2:09pm Oct 18, 2009 2:09pm
Sorry guys, I just realized that my post have maybe not much to do with the initial post.

Maybe this should be on a new thread...


Billyjoe
  • #1,342
  • Oct 18, 2009 2:50pm Oct 18, 2009 2:50pm
just an example for identical loss possible, changing lot size and SL
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  • #1,343
  • Oct 18, 2009 9:22pm Oct 18, 2009 9:22pm
Quoting gregart
just an example for identical loss possible, changing lot size and SL
i think i will use additional TP3 of 100 pips for both monday and thursday
  • #1,344
  • Oct 19, 2009 1:58am Oct 19, 2009 1:58am
Good morning

I am still a little bit confused about the breakout-EA (EA_breakout_trend_TP3_lot) with MA90...

I have made some screenshots and I do not know, what pending order would the EA set? ... buy or sell? ...

The inside darker blue box is our range, the lighter blue box is the buffer.
(screenshots from left to right)

Ex1: MA is inside the middle of the range. What pending order would the EA set?

Ex2: MA is inside the range, but at the lower part. What pending order would be generated?

Ex3: MA is outside and inside the range at the lower part. What pending order would that be?

Ex4: MA is high and far outside the range. What pending order would the EA generate?

I wish all of you a pipful week,
greetings,
DL4HAO (Dietmar)
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  • #1,345
  • Oct 19, 2009 2:33am Oct 19, 2009 2:33am
Good start to the week

  • #1,346
  • Oct 19, 2009 1:40pm Oct 19, 2009 1:40pm
this was an good example of safe trade today, max positive pips was 65 pips, if we had an TP at 90 it would not hit, i made small profit with 31 pips, but not loss
  • #1,347
  • Oct 19, 2009 1:55pm Oct 19, 2009 1:55pm
Quoting dl4hao
Good morning

I am still a little bit confused about the breakout-EA (EA_breakout_trend_TP3_lot) with MA90...

I have made some screenshots and I do not know, what pending order would the EA set? ... buy or sell? ...

The inside darker blue box is our range, the lighter blue box is the buffer.
(screenshots from left to right)

Ex1: MA is inside the middle of the range. What pending order would the EA set?

Ex2: MA is inside the range, but at the lower part. What pending order would be generated?

Ex3: MA is outside and inside the range...
I think, if the ma is inside the box or very near , the EA will open both pending orders (buy AND sell), in your last example it can only short.
  • #1,348
  • Oct 19, 2009 2:46pm Oct 19, 2009 2:46pm
Quoting gregart
just an example for identical loss possible, changing lot size and SL
Do you mean you can input different lot sizes to TP1 and TP2? If so, can you elaborate how to accomplish this, please?
  • #1,349
  • Oct 19, 2009 2:53pm Oct 19, 2009 2:53pm
Quoting michaelhryu
Do you mean you can input different lot sizes to TP1 and TP2? If so, can you elaborate how to accomplish this, please?
yep wltam made that EA

http://www.forexfactory.com/showpost...postcount=1288
  • #1,350
  • Oct 19, 2009 3:51pm Oct 19, 2009 3:51pm
The EA wont put the smille, does it mean that the EA wont trade???
I think im doing everything rigth...
What can i do do correct that?



Thanks in advance.
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“Well, you know, I was a human being before I became a businessman.”
  • #1,351
  • Oct 19, 2009 5:18pm Oct 19, 2009 5:18pm
Quoting aph3xx_x
The EA wont put the smille, does it mean that the EA wont trade???
I think im doing everything rigth...
What can i do do correct that?



Thanks in advance.
Hy aphxx, check both:
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  • #1,352
  • Oct 19, 2009 6:45pm Oct 19, 2009 6:45pm
Thank you very much!


“Well, you know, I was a human being before I became a businessman.”
  • #1,353
  • Oct 21, 2009 12:06am Oct 21, 2009 12:06am
The box is very large this morning.

Trade carefull.

  • #1,354
  • Oct 21, 2009 2:46am Oct 21, 2009 2:46am
today ...hv good result...

my strategy is changed...
for Monday and thur ..i use TP1 30, TP2 70, TP3 110
for others...i use TP1 20 and TP2 50

i am thinking try to write an EA for full automate~
  • #1,355
  • Oct 21, 2009 2:55am Oct 21, 2009 2:55am
Quoting wltam
today ...hv good result...

my strategy is changed...
for Monday and thur ..i use TP1 30, TP2 70, TP3 110
for others...i use TP1 20 and TP2 50

i am thinking try to write an EA for full automate~
What is your SL these days, please? Recommended sttings?

Would love to try your new EA!
  • #1,356
  • Oct 21, 2009 3:02am Oct 21, 2009 3:02am
Quoting michaelhryu
What is your SL these days, please? Recommended sttings?

Would love to try your new EA!
i use ...50 pips for monday and thur
and ...30 pips for the others
  • #1,357
  • Oct 21, 2009 3:24am Oct 21, 2009 3:24am
This is forex for you.

A classic 50% fib retrace before it shot upwards to give us our profit.

Trade safe

  • #1,358
  • Oct 21, 2009 1:17pm Oct 21, 2009 1:17pm
Hello,
I have a couple of questions about the EA.

Are the times in the EA gmt, if yes I am with FXDD which is +3 so I would add 3 to each yes?

Concerning the SL. If I want a hard SL of 30 do I change the max range sl or the var from entry?

I am assuming that to adjust lots for TP1,2,3 I set lots control to true. What is the unilot? and do I remove a zero from it as I am with a 4 digit broker

thanks
  • #1,359
  • Oct 21, 2009 6:16pm Oct 21, 2009 6:16pm
Quoting wltam
i use ...50 pips for monday and thur
and ...30 pips for the others
For Monday and Thursday: TP1 30, TP2 70, and 110, with SL of 50-pips
For Tuesday, Wednesday and Friday: TP1 20 and TP2 50, with SL of 30-pips

And do you keep other settings at default, please?
  • #1,360
  • Edited 8:21pm Oct 21, 2009 8:10pm | Edited 8:21pm
Instead of using a box, why not draw trendlines?

I tried using trendlines for the last 2 days and have made 60 pips. I use previous day's highs and lows and then connect them to 0:00AM-02:00AM EST ( 3 1H candles, right before London opens) swing highs and lows and once it breaks it you enter the trade. Goal is 20 or 30 pips every day. SL should be set around 15-30. You can set your trailing stop once you have 20 pips in your pocket. If there is no break within the first hour or so I would go back to sleep.

It seems that this method is a high probability method and we should be getting around 80% or higher hit rate.

I'd like to hear some opinions on this from some seasoned traders.

Antonio

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