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Attachments: 7am-9am Big Dog USD Breakout Strategy
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7am-9am Big Dog USD Breakout Strategy

  • #1,721
  • Oct 11, 2009 9:00pm Oct 11, 2009 9:00pm
It might be important to understand the reasoning behind this approach.
Basically this strategy takes advantage of a peroid during which a currency (GBP in this case) goes from low to high liquidity. The box in this strategy is the product of stops getting triggered at the upper range and the lower range. Once liquidity picks up, the momentum breaks in one direction (unhindered by any stops that may have been placed before the lower liquidity peroid).
  • #1,722
  • Oct 12, 2009 11:35pm Oct 12, 2009 11:35pm
Has anyone not noticed that the big dog has not been working anymore for the last almost two months. Is it time to close the lid on this method now?
  • #1,723
  • Oct 13, 2009 5:07am Oct 13, 2009 5:07am
Quoting pbw
Has anyone not noticed that the big dog has not been working anymore for the last almost two months. Is it time to close the lid on this method now?
It might be because the market is not really trending now, another breakout strategy (4H weekly) is also not working these months.
  • #1,724
  • Oct 13, 2009 8:42am Oct 13, 2009 8:42am
Quoting Bull
Hi Mitch, here is the Indicator, I hope that can help you.

The default value are following the rules (box between 7 to 9 am NYT) a Margin of 3 pips (above and below) the high and low for entry point, then 15 - 30 - 45 pips to profit, and the SL on the other side of the box.


Bull
Hi thk for sharing this system. but I live in GMT+4 how i'm able to configure the best conficuration .am i able to use 13:00-15:00 breakout or i must change this numbers(clock)??
sorry fo my bad english
  • #1,725
  • Oct 13, 2009 11:45am Oct 13, 2009 11:45am
Quoting pbw
Has anyone not noticed that the big dog has not been working anymore for the last almost two months. Is it time to close the lid on this method now?
Working extremely well for me although I have a very good indicator that filters a lot of bad trades. I also have a decent MM in place. September saw 350 pips and October is looking equally good.
  • #1,726
  • Oct 13, 2009 2:55pm Oct 13, 2009 2:55pm
Hi Dubai,

i see from a few pages ago you use the slope direction indy. do you use the default settings??

i too have had success this month and last.... Good MM and RR is essential fro breakout methods

cheers

Grant
  • #1,727
  • Oct 14, 2009 12:00pm Oct 14, 2009 12:00pm
Quoting grant18265
Hi Dubai,

i see from a few pages ago you use the slope direction indy. do you use the default settings??

i too have had success this month and last.... Good MM and RR is essential fro breakout methods

cheers

Grant
No I use a H1 chart and have 50,3,0 Slope and 25,3,0 Slope. If both are showing same direction and box breaks out in the same direction then it's a valid trade. You'd be amazed how often it saves you a false box breakout.
  • #1,728
  • Oct 19, 2009 1:18pm Oct 19, 2009 1:18pm
Hi Guys
Who made the indi ant-GUBreakout_V.0.4.2 ???
Need to get in touch with him for additionnal stuff (variable TP1 at least)
Thanks
Bert
Si les cons volaient, il ferait toujours nuit...
  • #1,729
  • Oct 19, 2009 9:46pm Oct 19, 2009 9:46pm
Same request for the Jason breakout indi's father..
Please send me a PM
Additional stuff to do and it will be an amazing indi...
Thanks
Bert
Si les cons volaient, il ferait toujours nuit...
  • #1,730
  • Oct 19, 2009 10:36pm Oct 19, 2009 10:36pm
This breakout method would work great if you extend the box to a period of 3 hours. 7am-10am ( Eastern time). And most profitable when the initial entry is put at dips , pullbacks of price after breakout. Most noticebly is setting the entry at 38% or 61% pull back of the box. Obviously this is only after the breakout.

I also find it very profitable by trading the retracement after the breakout, but this is also another story.
  • #1,731
  • Oct 20, 2009 4:49am Oct 20, 2009 4:49am
Quoting DubaiTrader
No I use a H1 chart and have 50,3,0 Slope and 25,3,0 Slope. If both are showing same direction and box breaks out in the same direction then it's a valid trade. You'd be amazed how often it saves you a false box breakout.
Hello DubaiTrader, I'm following your posts few days already, and I like your approach. I'm interested in Big Dog Strategy, it seems to be really profitable, but I have a question. Since I'm newbie, I need help with the "false breakout indicator"

I would like to eliminate this event, however I'm experiencing troubles with loading custom indicators into MetaTrader 4.

I tried to attach few Indicators/EAs to MT 4 from this forum, but unfortunatelly they did nothing. What am I doing wrong?
I simply put the files into experts folder of the MT 4 installation, after restart I see them as available indies/EAs, but when I drag them to graph, they don't do anything...

I'm sorry to bothering you with such newbie question and I apologize to other users of this forum, but I couldn't contact you via PM, because I have recently registered here.

Please DubaiTrader, would you be so kind and:

1) Send me, or just point me to the URL where I can download the slope indicator which warns me about the "false breakouts"

2) Teach me how can I apply it to work in MT4

3) Explain me how can I determine whether it's a false or correct breakout using this indicator?

Once again sorry for these questions, but I'm quite desperate. Your help would be very appreciated.

Thanks in advance,

koco
  • #1,732
  • Oct 20, 2009 5:41am Oct 20, 2009 5:41am
Quoting koco
Hello DubaiTrader, I'm following your posts few days already, and I like your approach. I'm interested in Big Dog Strategy, it seems to be really profitable, but I have a question. Since I'm newbie, I need help with the "false breakout indicator"

I would like to eliminate this event, however I'm experiencing troubles with loading custom indicators into MetaTrader 4.

I tried to attach few Indicators/EAs to MT 4 from this forum, but unfortunatelly they did nothing. What am I doing wrong?
I simply put the files into experts folder of the MT 4...
Hi Koco,

No problem, let me see if I can help you out.

Firstly d/load the attached indicator. Do the exact following:

Start>Computer>C:>Program Files>(name of broker)>Experts>Indicators

That is the required procedure to copy the indicator into the correct folder. If you have MT4 open, close it and re-open, you should see it in custom indicators now.

I assume you've got the box breakout working ok? I use the one attached. If you haven't, follow the above method to get it into MT4.

One a H1 chart, drag the Slope Direction indicator onto the chart. Go to inputs and enter: 25,3,0. Drag it again and input 50,3,0. You should see something similar to this: I'll do a follow up post explaining the rest.
Attached Image (click to enlarge)
Click to Enlarge Name: slope.gif Size: 73 KB
Attached File(s)
File Type: ex4 Slope Direction Line.ex4   4 KB | 652 downloads
File Type: ex4 ant-GUBreakout_V.0.4.1.ex4   13 KB | 671 downloads
  • #1,733
  • Oct 20, 2009 5:47am Oct 20, 2009 5:47am
Now, depending on the direction of the box breakout, you check to see if the slopes agree or not. If not, it's not a trade. I'll show an example of a valid trade and an invalid trade below:

Below is the breakout of EU on the 15th of this month, I use a 10 pip buffer. As you can see it pushed through the top of the buffer at 17:30 GMT+3 (my broker's time). However if you look at the slope, both of them were short meaning the breakout was invalid. Both slopes would need to be blue (long) for the breakout to be valid.

I use 50TP, 50SL for my breakouts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 66 KB
Click to Enlarge Name: eu2.gif Size: 69 KB
  • #1,734
  • Oct 20, 2009 5:52am Oct 20, 2009 5:52am
Below is a valid breakout on GU on the 13th of this month. Breakout was long, slopes agreed.

I use a 3hr expiry on the box breakout, so by 19:30 GMT+3 I cancel any pending orders.

Any questions, feel free to ask.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 65 KB
Click to Enlarge Name: gu2.gif Size: 67 KB
  • #1,735
  • Oct 20, 2009 1:32pm Oct 20, 2009 1:32pm
DubaiTrader: Thank you very much for all of this! I haven't tried it yet, because I had been busy trading the US Open (btw. this day was a good day, 71 pips in the house going short on EUR/USD :-) ), but I will try your indicator and carefouly go through your worthy advices!

Thanks again for your patience and willingness to help me. I will reach you tomorrow most likely with some new questions :-)
  • #1,736
  • Oct 21, 2009 5:12am Oct 21, 2009 5:12am
Hello DubaiTrader again :-)

Problem with indicators was because of the incorrect folder I put them in. Thanks to your advice they are working now.

I would like to ask you whether my setup is correct:

1) I have attached your slope indicator 2 times as you instructed me with the values as you provided

2) I have attached ant-GU_breakout indicator 1 time only (is it ok?)

a) Indi Number (preset to 123), I haven't changed it, what's this number for?

b) GMT Shift: Uf, this is a problem... Is this suppose to be my GMT timezone?
I'm from Bratislava and our usual (winter) timezone is GMT+1, now it's still the summer time, so do I have to change it to to GMT+2?

c) I adjusted the timeframe to 07:00 - 09:00 (seems that my broker is using NY e.g. EST Time)

d) day number..., does it mean simply Monday=1, Tuesday=2, etc...?

Other Questions:

1) What do the numbers 25,3,0 and 50,3,0 represent in your slope indicators?

2) Do I have to use it on H1 chart only or can I watch it on M15 as well? (I use this period when trading the big dog)

3) What is the meaning of 10 pip buffer, for what is it use to?

Uf :-) I'm getting you busy with my questions. Hope you won't get mad at me, but I really want to understand what's behind the numbers.

Thanks in advance :-)
  • #1,737
  • Oct 21, 2009 5:42am Oct 21, 2009 5:42am
Quoting koco
Hello DubaiTrader again :-)

Problem with indicators was because of the incorrect folder I put them in. Thanks to your advice they are working now.

I would like to ask you whether my setup is correct:

1) I have attached your slope indicator 2 times as you instructed me with the values as you provided

2) I have attached ant-GU_breakout indicator 1 time only (is it ok?)

a) Indi Number (preset to 123), I haven't changed it, what's this number for?

b)...
1)Set the indicator number to a random number.

2)Set GMT shift to 0.

3)Make sure you find your broker's time out correctly and adjust accordingly for 7-9AM EST.

4) Day number allows you to view x amount of previous boxes. 365 would obviously show the last 365 boxes.

5) The settings are the sensitivity of the slope.

6) This setup is purely for H1. I put the box on a M30 chart, not M15.

7) 10 pip buffer means your entry is 10 pips above/below the high/low of the box. This acts as a filter for mini false breakouts.
  • #1,738
  • Oct 21, 2009 11:48am Oct 21, 2009 11:48am
Hi DubaiTrader

is it possible to provide the indicators in MQ4. Would be very helpful because I think this setup is quite good.
  • #1,739
  • Oct 29, 2009 2:02am Oct 29, 2009 2:02am
As October is drawing to an end, I make my method of this breakout +750 using EU, GU and EJ. 50/50 TP SL.
  • #1,740
  • Oct 29, 2009 3:37am Oct 29, 2009 3:37am
Quoting DubaiTrader
As October is drawing to an end, I make my method of this breakout +750 using EU, GU and EJ. 50/50 TP SL.

hi...

did you backtest your method for some months in the past ?
if yes did you have good results like for october ?
consistency wins
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