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4H Banker Buster

  • #281
  • Oct 23, 2009 3:21am Oct 23, 2009 3:21am
got nice 3;1 R;R on Gbp/Jpy but closed all, although I thing there is some upside potential. Stron resistance over there another 30 pips. I tried to trade also Cable, but i am trading manually and things start getting messy. i think one pair is more than enough.
But these both are fine for break out strategies.
Since monday I am G/J only.
  • #282
  • Oct 23, 2009 3:46am Oct 23, 2009 3:46am
Quoting shiko
got nice 3;1 R;R on Gbp/Jpy but closed all, although I thing there is some upside potential. Stron resistance over there another 30 pips. I tried to trade also Cable, but i am trading manually and things start getting messy. i think one pair is more than enough.
But these both are fine for break out strategies.
Since monday I am G/J only.
Yeah, until the EA is ready for trading this system to it's full potential, I would recommend only focusing on one pair, mainly the GBP/JPY pair, and on demo accounts lol.
  • #283
  • Oct 23, 2009 4:55am Oct 23, 2009 4:55am
Quoting Pharoah
Yeah, until the EA is ready for trading this system to it's full potential, I would recommend only focusing on one pair, mainly the GBP/JPY pair, and on demo accounts lol.
Pharoah, did you trade this candle?
  • #284
  • Oct 23, 2009 4:55am Oct 23, 2009 4:55am
You know what I mean... You cannot miss it
  • #285
  • Oct 23, 2009 5:02am Oct 23, 2009 5:02am
Quoting shiko
You know what I mean... You cannot miss it
you mean the candle that took a nose dive about 200 pips in a half hour? I wish I did lol
  • #286
  • Oct 23, 2009 5:36am Oct 23, 2009 5:36am
Quoting Pharoah
you mean the candle that took a nose dive about 200 pips in a half hour? I wish I did lol
I did.
I was trading this new testing $100 account. i call it box account...
now, can you say R:R? It is already 8:1. pity I did not set short order on GBP/USD. it would have been 10:1. felt messed up between managing 2 pairs.
I have to admit, it is a stressful trading what i am doing. and it is manual. losses and wins are quite a quick occurrence. but losses are truly short.
  • #287
  • Oct 23, 2009 6:12am Oct 23, 2009 6:12am
Quoting shiko
I did.
I was trading this new testing $100 account. i call it box account...
now, can you say R:R? It is already 8:1. pity I did not set short order on GBP/USD. it would have been 10:1. felt messed up between managing 2 pairs.
I have to admit, it is a stressful trading what i am doing. and it is manual. losses and wins are quite a quick occurrence. but losses are truly short.
I wish I caught both those boats, but I did notice the engulf, was considering it, but decided against it
  • #288
  • Oct 25, 2009 10:30pm Oct 25, 2009 10:30pm
Hello Pharoah:

I meet with problem with time zone by using your indicator.i open FXDD MT4 platform and apply your indicator,it seems different due to summmer time over europ.

Could you please help me check this?
  • #289
  • Oct 27, 2009 8:29am Oct 27, 2009 8:29am
This thread has gone quiet. How is the fine tuning going on this trading strategy?
  • #290
  • Oct 27, 2009 11:58am Oct 27, 2009 11:58am
Quoting Sangala
Hello Pharoah:

I meet with problem with time zone by using your indicator.i open FXDD MT4 platform and apply your indicator,it seems different due to summmer time over europ.

Could you please help me check this?
For the indicator, do you mean the SmartStop indicator? or the Box Forming indicator?


Fine Tuning has been done to the best of our abilities at this time, and it appears to be VERY finicky because of the nature of the system. We are currently testing various techniques to attempt to remove some of the false breakouts that are plaguing this system..

So far, the best results we have received was from a Pure Ace strategy with no close partial over 2009 using my SmartStop system only With a very impressive.

Attached Image (click to enlarge)
Click to Enlarge Name: AcePureReport.jpg Size: 63 KB


The only problem, is that in 2008, the same setup would have been completely devastating to someones account.

As for time that I have to spend on the system, that has been reduced to allow for other more important things.

This particular EA can be downloaded if people want me to make it available, just respond to the post saying "Yes", however, I must note that it is still purely developmental and should NOT be used on anyones live account.
  • #291
  • Oct 28, 2009 1:18am Oct 28, 2009 1:18am
Quoting Pharoah
This particular EA can be downloaded if people want me to make it available, just respond to the post saying "Yes", however, I must note that it is still purely developmental and should NOT be used on anyones live account.
A BIG YES!
  • #292
  • Oct 28, 2009 1:38am Oct 28, 2009 1:38am
Quoting michaelhryu
A BIG YES!
Form here: Yes as well!

Forex37
  • #293
  • Oct 28, 2009 10:01am Oct 28, 2009 10:01am
And a yes from me also
  • #294
  • Edited 7:32pm Oct 28, 2009 11:58am | Edited 7:32pm
Ok, here you all go

Attachment

I recommend doing extensive backtesting/realtime demo testing to optimize the settings for your particular broker before you even consider going live with this EA. The EA functions exactly as it's supposed to. But you need to understand the bases system in order to optimize the EA's settings.

I can't recall right off the top of my head if you need to add/subtract a digit (Example: 4 digit broker has box buffer of 10, 5 digit broker has a box buffer of 100, both have a box buffer of 10 pips) or not, so do tests.

Again, because this EA includes my SmartStop system, it is FF exclusive.
  • #295
  • Oct 28, 2009 10:46pm Oct 28, 2009 10:46pm
Quoting Pharoah
...
This particular EA can be downloaded if people want me to make it available, just respond to the post saying "Yes", however, I must note that it is still purely developmental and should NOT be used on anyones live account.
Oh yes please. Very interested in having a look. Sitting on the sideline feeling as though not being able to contribute much at the moment.
Want to get stuck into some code & run some tests.

cheers scalpz
Target 2 : Stoploss in the green
  • #296
  • Oct 29, 2009 12:31am Oct 29, 2009 12:31am
Quoting Pharoah
Ok, here you all go

Attachment

I recommend doing extensive backtesting/realtime demo testing to optimize the settings for your particular broker before you even consider going live with this EA. The EA functions exactly as it's supposed to. But you need to understand the bases system in order to optimize the EA's settings.

I can't recall right off the top of my head if you need to add/subtract a digit (Example: 4 digit broker has box buffer of 10, 5 digit broker has a box buffer of 100, both have a box buffer of 10 pips) or...
Hi,

I don't know why but i got an error message by opening the link. Any updates?

Thanks.

V. Voo
福 子 Victor V
  • #297
  • Oct 29, 2009 12:39am Oct 29, 2009 12:39am
Attached File(s)
File Type: ex4 4H_breakout_AdvSL.ex4   7 KB | 618 downloads


Here you go
  • #298
  • Oct 29, 2009 1:16am Oct 29, 2009 1:16am
Quoting Pharoah
Attachment

Here you go
Thanks a lot, Pharoa! Any chance to receive a link for the (vanished) rules?

SOrry for the latest developments. But the bin istn`t that bad, even rules and system descriptions are nicely stored there.

Kind Regards

Forex37
  • #299
  • Oct 29, 2009 8:15am Oct 29, 2009 8:15am
Quoting Pharoah
Attachment

Here you go
Thank you very much
福 子 Victor V
  • #300
  • Oct 30, 2009 1:31am Oct 30, 2009 1:31am
Pharoah, are you here?
How were your trading this and last week? I believe you must have been very profitable. huge breka outs have occurred.
I frankly have no time to trade so many things now, as I am concentrated on my discretionary trading. Gotta give someone 2-3 months of good trading record.
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