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7am-9am Big Dog USD Breakout Strategy

  • #1,741
  • Oct 29, 2009 3:49am Oct 29, 2009 3:49am
Quoting iTrader
hi...

did you backtest your method for some months in the past ?
if yes did you have good results like for october ?
Yes, I've backtested all of 09 and steadily working through 08. I also want to look at 07 as 07 was vastly different to this year.

October has been a strong month, some months yield less, a rare month will give more..
  • #1,742
  • Oct 29, 2009 4:18am Oct 29, 2009 4:18am
[quote=DubaiTrader;3161431]Below is a valid breakout on GU on the 13th of this month. Breakout was long, slopes agreed.

----------------------
Hi DubaiTrader,

1. How you "see" that =====>Breakout was long ? You mean that the red MA pointed up ? MA setting ?

Thank you

Cheers.
  • #1,743
  • Oct 29, 2009 4:34am Oct 29, 2009 4:34am
[quote=ad2008;3188307]
Quoting DubaiTrader
Below is a valid breakout on GU on the 13th of this month. Breakout was long, slopes agreed.

----------------------
Hi DubaiTrader,

1. How you "see" that =====>Breakout was long ? You mean that the red MA pointed up ? MA setting ?

Thank you

Cheers.
I don't use moving averages, I use the slope indicator for direction on a H1 chart. The MA on the 30 chart is for something else.
  • #1,744
  • Oct 29, 2009 6:46am Oct 29, 2009 6:46am
DubaiTrader the original breakout method was talking about 15 minutes bars. So, isn't there a chance the slopes on h1 indicating something completely different from the breakout on 15 minutes bars? Or are you using h1 bars and so you are waiting for a breakout on the 1 hour chart?
  • #1,745
  • Oct 29, 2009 6:51am Oct 29, 2009 6:51am
Quoting twamta
DubaiTrader the original breakout method was talking about 15 minutes bars. So, isn't there a chance the slopes on h1 indicating something completely different from the breakout on 15 minutes bars? Or are you using h1 bars and so you are waiting for a breakout on the 1 hour chart?
I use 30 min chart for the breakout. The H1 chart simply gives a bigger outlook at the trend. I've found the slope indicator very useful, I've taken the original idea and modified to suit me. Whatever works for you..
  • #1,746
  • Oct 29, 2009 7:05am Oct 29, 2009 7:05am
OK great, I just wanted to know your twist on the method.

You find the M30 +H1 for the trend indication, more reliable from the original M15?
  • #1,747
  • Oct 29, 2009 7:07am Oct 29, 2009 7:07am
Quoting twamta
OK great, I just wanted to know your twist on the method.

You find the M30 +H1 for the trend indication, more reliable from the original M15?
I find it more suitable for my requirements, yes.
  • #1,748
  • Oct 30, 2009 3:21am Oct 30, 2009 3:21am
Hello again DubaiTrader and all :-)

I'm using the slopes the way you taught and I would like to thank you, but I'm still not sure whether I'm doing something wrong, or the slopes do not work (however, you're happy about them, so most likely the first thing should be the issue :-) ).

What I'd like to know in which moment have the slopes to agree? Right in the moment when breakout occurs? Watching the H1 chart?

Do they have to have same colour when crossing each other?

I have the values exactly as you: 50,3,0 and 25,3,0

You mentioned that you using different charts while waiting for breakout. Can you explain your method more deeply please?

Thank you in advance.
  • #1,749
  • Oct 30, 2009 3:31am Oct 30, 2009 3:31am
I have the feeling that this Breakout System and generally the Breakout Systems, work well when the market is trending.

But what about when the market is ranging? Does anyone of you knows any reliable trading system when the market is ranging?
  • #1,750
  • Oct 30, 2009 3:56am Oct 30, 2009 3:56am
Quoting twamta
I have the feeling that this Breakout System and generally the Breakout Systems, work well when the market is trending.

But what about when the market is ranging? Does anyone of you knows any reliable trading system when the market is ranging?
This is why I add the slope. When the market is ranging the slopes will conflict.

Closed trades are now +850 after a successful EJ and GU yesterday. EU is still running.
  • #1,751
  • Oct 30, 2009 4:42am Oct 30, 2009 4:42am
DubaiTrader I read all your posts on this topic and I have to say that you are, along with a few others, a very helpful guy!

And by the way, if you find any system when the market is ranging let us know!
  • #1,752
  • Oct 30, 2009 4:52am Oct 30, 2009 4:52am
Quoting twamta
DubaiTrader I read all your posts on this topic and I have to say that you are, along with a few others, a very helpful guy!

And by the way, if you find any system when the market is ranging let us know!
No problem, glad to help. Still learning myself, step by step.
  • #1,753
  • Oct 30, 2009 4:58am Oct 30, 2009 4:58am
Quoting DubaiTrader
This is why I add the slope. When the market is ranging the slopes will conflict.

Closed trades are now +850 after a successful EJ and GU yesterday. EU is still running.
Ok, but when do you decide not to take the trade? In the moment of breakout it's already late (when you set pending order before). Or do you check the slopes on H1 let's say 3 pips before the breakout if the match or don't? I still don't understand the time you're looking at and make decision. Please explain. Thank you.
  • #1,754
  • Oct 30, 2009 6:02am Oct 30, 2009 6:02am
DubaiTrader how do you backtest your system? Manually or you use any script or software?
  • #1,755
  • Oct 30, 2009 6:27am Oct 30, 2009 6:27am
Quoting DubaiTrader
This is why I add the slope. When the market is ranging the slopes will conflict.

Closed trades are now +850 after a successful EJ and GU yesterday. EU is still running.

Congratulations Dubaitrader on +850 pips. Clearly, you are well on your way to mastering the Big Dog Breakout Strategy. My question is were those pips based on trading this strategy only (7-9am) with the addition of the slope direction indicator to determine the trend? Thank you.

fxpilot
  • #1,756
  • Oct 30, 2009 7:03am Oct 30, 2009 7:03am
Quoting fxpilot
Congratulations Dubaitrader on +850 pips. Clearly, you are well on your way to mastering the Big Dog Breakout Strategy. My question is were those pips based on trading this strategy only (7-9am) with the addition of the slope direction indicator to determine the trend? Thank you.

fxpilot
Yes, 7-9AM EST along with the slope indicator for confirmation of the trade.

Twamta: I manually backtest. I do not have an EA for this strategy.
  • #1,757
  • Edited 11:37am Oct 30, 2009 11:17am | Edited 11:37am
DubaiTrader or anyone else, have you tried the system on AUD/USD ?
  • #1,758
  • Oct 30, 2009 12:07pm Oct 30, 2009 12:07pm
Quoting twamta
DubaiTrader or anyone else, have you tried the system on AUD/USD ?
Nope, I think 3 pairs is enough for now, however it's a good pair to look at, also USDJPY should be an interesting one.
  • #1,759
  • Oct 30, 2009 12:38pm Oct 30, 2009 12:38pm
Quoting DubaiTrader
Nope, I think 3 pairs is enough for now, however it's a good pair to look at, also USDJPY should be an interesting one.
I don't know about USD/JPY. The Daily Volatility of it is very small compared to the others.
  • #1,760
  • Oct 30, 2009 11:27pm Oct 30, 2009 11:27pm
Quoting twamta
I don't know about USD/JPY. The Daily Volatility of it is very small compared to the others.
But once a trend forms, it tends to last. I have a friend who wants to test it so I'll report back any findings.
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