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

  • #1,421
  • Oct 28, 2009 5:26am Oct 28, 2009 5:26am
Quoting grant18265
i only trade in the direction of the 85ema, so if price is below the ema go short and if price is above the ema go long. if ema value is about the same as price i pass that day...

also in that backtest i used 7 buffer long and 5 short...

your exact buffers are in this test, long i made 10 to include spread and short 7 with orders canceled at 10 am gmt, no ema filter and 1 trade per day.

again risk was 1% per trade

cheers

Grant
By the way i do not cancel orders at all, just let it run.
Trade the price action, not the cash!!!
  • #1,422
  • Oct 28, 2009 5:29am Oct 28, 2009 5:29am
Scull,

that is a work in progress, there are so many different combinations of time, Tp, SL, move stop to BE, ema on or off...

also depends on your risk appetite..

my method backtest attached, this is a work in progress still though...

if anyone (within reason) has settings they want tested pm me.

cheers

Grant
Attached File(s)
File Type: zip Grant Method.zip   19 KB | 776 downloads
  • #1,423
  • Oct 28, 2009 5:37am Oct 28, 2009 5:37am
Quoting grant18265
Scull,

that is a work in progress, there are so many different combinations of time, Tp, SL, move stop to BE, ema on or off...

also depends on your risk appetite..

my method backtest attached, this is a work in progress still though...

if anyone (within reason) has settings they want tested pm me.

cheers

Grant
What are your settings mate?
PT?
SL?
What time do you draw your lines?
Buffers if any?
Timeframes, i.e. 15min, 30min, 60min charts, etc, etc.
Do you cancel order once the other has activated?
Trade the price action, not the cash!!!
  • #1,424
  • Oct 28, 2009 6:36am Oct 28, 2009 6:36am
scull

4-6am gmt (winter) 3-5 am gmt (summer)
SL 25
TP 75
move SL to BE @25
buffer long 7
buffer short 5

remember the EA cant distinguish between the gmt switch that just happened so the box time through summer for those results was 3-5 am gmt

cheers
  • #1,425
  • Oct 28, 2009 6:39am Oct 28, 2009 6:39am
sorry missed some of your points.

chart TF doesnt matter just the time your box is drawn...

1 trade per day... if not triggered by 30 mins into London session orders are cancelled....

cheers

Grant
  • #1,426
  • Oct 28, 2009 7:17am Oct 28, 2009 7:17am
Great first day with Scull method.

  • #1,427
  • Oct 28, 2009 7:34am Oct 28, 2009 7:34am
Quoting Fumiryu
Hi Scullmeister,

How long do you leave the pending order open? Or do you close the pending orders perhaps after a few hours if not triggered on any side?

Also, do you use OCO order? I.E If buy gets triggered, cancel sell order?

Today's market seemed quite slow, trade was not triggered at this point of time when I posted this message.

Thanks.
Never close it, just ride it out, until your PT or SL is hit. As soon as one is activated, close the other out, that's it.
Trade the price action, not the cash!!!
  • #1,428
  • Oct 28, 2009 8:59am Oct 28, 2009 8:59am
Sorry friends but I have still one problem. Do you know if the clock have changed that sunnday in United Kingdom?? I mean does England change time from summer to winter?
  • #1,429
  • Oct 28, 2009 9:07am Oct 28, 2009 9:07am
Quoting olie02
Sorry friends but I have still one problem. Do you know if the clock have changed that sunnday in United Kingdom?? I mean does England change time from summer to winter?
Hi Olie

UK time changed back to GMT last Sunday

Graeme
You can NEVER stop learning
  • #1,430
  • Oct 28, 2009 9:37am Oct 28, 2009 9:37am
Quoting advfn2828
Hi Olie

UK time changed back to GMT last Sunday

Graeme

Thank you
  • #1,431
  • Oct 28, 2009 10:27am Oct 28, 2009 10:27am
Quoting grant18265
hi guys,

have just thrown Scull's method on a backtest of this year. 2 lots of results attached, 1 with an 85 ema filter added and 1 without.

the higher result is with the ema filter

cheers

Grant

ps had to zip the files as they would attach
Grant thanks for doing this, but it is imperative that this is correct. I am always weary of EA's, for example on Mon of this week using my exact settings i made a loss using IG. However if i would have used say an MT4 chart or a few others i would have actually made a profit, so i ask what are these EA's taken from???

Do they account for spread?
What data is it taken from?
Are the settings EXACTLY same as my first post?

My manual backtest show reasonably consistent profits, some months better than others, but overall from Sept 08 it has been consistent. I have manually backtested this (it took me ages) using Tess charts.

In your first post you said you had carried out an EA same as my method, but then after a few questions the method was not the same it was with a 7 buffer for buy and 5 for sell. Are the times the same as mine or are they yours, i.e. 4-6am gmt (winter) 3-5 am gmt (summer). Bear in mind i do not use GMT, i.e. change with daylight savings etc, etc, it is London time always, i never change it. Plus i never close a trade, keep it open always and let it run, some you win, some you lose, that's the way it goes.

Thanks for doing an EA, but i want to ensure that the info is 100% correct, trust you understand. Cheers.
Trade the price action, not the cash!!!
  • #1,432
  • Oct 28, 2009 10:49am Oct 28, 2009 10:49am
Scull,

your right the EA i have was programmed for my version but i believe it can get close enough to your settings to give you a 2nd opinion regarding your own manual tests

its done on an ALpari UK platform that is only used for testing, using their 1 min history...

i will split the tests into 3 to get the right box times for Jan-March, April-October and October-now. i have used the last Sat in MArch as the gmt switch day as i'm unsure which one it was...
your settings as i believe them are:-

5 am candle (opens at 5.00.01)
7.15 candle (closes at 7.29.59)
SL 40
TP 30
Buy buffer 7 + spread ( i will use 9 total as EA doesnt have spread input)
Sell buffer 7

if you can confirm i'll run the test, if you dont need it just ignore this, no problem..

Many pips to you

Grant
  • #1,433
  • Edited 11:29am Oct 28, 2009 10:55am | Edited 11:29am
Quoting Scullmeister
Never close it, just ride it out, until your PT or SL is hit. As soon as one is activated, close the other out, that's it.
Hi Scullmeister, Thank you for the reply and yes, I pocketed 30 pips just now.
  • #1,434
  • Oct 28, 2009 12:13pm Oct 28, 2009 12:13pm
Quoting Scullmeister
Hi Austin - I just trade GU and that's it. With compounding and good MM you should see decent profits.

I am confused why traders have to try and trade as many pairs as poss along with as many systems/strategies, become a master of one first, familiarise yourself with it and then take onboard another imo.
Scullmeister, thanks for your reply (and well done on your win today!)
Agreed that we should master one currency first, and that is what I shall do with this great, simple system

Well done and thanks again#

Austin
  • #1,435
  • Oct 28, 2009 2:02pm Oct 28, 2009 2:02pm
Quoting Scullmeister
Hi Greg - I was trying to explain to people that i take the 7.15 candle on the 15min chart, which closes at 7.30 REAL TIME. For example right now i have set my box lines at 5am and 7.15, it is now as i write this, 7.25, but still haven't set my pending orders because the 7.15 candle on IG actually closes at 7.30, so hasn't closed yet. That's the best way i can describe it mate, sorry.
ok thanks, regarding your questions about EA, i think you can easealy use your strategy with it, all settings are there.
  • #1,436
  • Oct 28, 2009 2:22pm Oct 28, 2009 2:22pm
Quoting grant18265
oh yes forgot to sat that risk was 1% per trade..

am waiting on an update that will compund the results...
Hi Grant, thanks for sharing your backtest, regarding the results I think i will stay with my monday trades only, you can find attached my results, same account, period, lots than yours. I use the wtlam EA
Attached Image (click to enlarge)
Click to Enlarge Name: BO_10k_jan_sept.jpg Size: 71 KB
  • #1,437
  • Oct 28, 2009 2:46pm Oct 28, 2009 2:46pm
Gregart,

nice results mate,

how long have you been Mondays only on your live or demo account and are the results inline with the backtest?

Can you just confirm your TP's (90 and 150 ithink) and SL please

Many thanks

Grant
  • #1,438
  • Oct 28, 2009 3:36pm Oct 28, 2009 3:36pm
Quoting grant18265
Gregart,

nice results mate,

how long have you been Mondays only on your live or demo account and are the results inline with the backtest?

Can you just confirm your TP's (90 and 150 ithink) and SL please

Many thanks

Grant
I did backtest on 2008 it is profitable too, I am live with this strategy since august 17 with breakout all days and change for mondays only since one month, it stay good for this period, but due to volatility i had run optimisation and reduced TP to 31 and 75 pips and SL to 30 pips, but other guys here staid with previous settings and are happy with

cheers,

Greg
  • #1,439
  • Oct 28, 2009 4:36pm Oct 28, 2009 4:36pm
gerg you could have already answered this question before but what time frame are u working on?
"The person who knows that enough is enough, will always have enough". .
  • #1,440
  • Oct 28, 2009 4:57pm Oct 28, 2009 4:57pm
Quoting maq
gerg you could have already answered this question before but what time frame are u working on?
Hi, same than this strategy, M15, you can see all parameters on the backtest
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