7am-9am Big Dog USD Breakout Strategy | Page 91 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Big Dog Trading Secret 272 replies

Moving Markets at 7am - 1pm PST? (3pm - 9pm GMT) 2 replies

Question about big dog strat... 2 replies

Trading The Big Dog Pack ..howllll 26 replies

Who are the champion DOG pickers??? 6 replies

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

7am-9am Big Dog USD Breakout Strategy

  • #1,801
  • Nov 3, 2009 10:45am Nov 3, 2009 10:45am
Hello I have two question.

I don't undestand how did you configurate the box indicator for the backtest. I have fxdd and I would like to put the hour box like you.
which broker are you using?

Sometimes the slope changes direction during the day . have you see the direction only during the box hours or when?

thank you




Quoting gangsta1
Ive added more results to my last post (UJ for all of 2009) and will continue to add more pairs as I get them done.
  • #1,802
  • Nov 3, 2009 11:04am Nov 3, 2009 11:04am
Quoting olachico
Hello I have two question.

I don't undestand how did you configurate the box indicator for the backtest. I have fxdd and I would like to put the hour box like you.
which broker are you using?

Sometimes the slope changes direction during the day . have you see the direction only during the box hours or when?

thank you
First download the ant_GU_Breakout indicator. Make sure the box starts at 7am EST and ends at 9am EST. This is GMT 12pm to 2pm. Change the field day_number for the number of days in history you want the box to appear. The slope direction on the h1 chart at the end of the box is what you want to look for. Both directions must agree. Sometimes they dont and sometimes they dont straight away. If they agree upto 3 hours after the end of the box then you enter in that direction on the 30min chart. The most important thing about this system is the Money Mangement.
  • #1,803
  • Nov 3, 2009 11:31am Nov 3, 2009 11:31am
Quoting gangsta1
First download the ant_GU_Breakout indicator. Make sure the box starts at 7am EST and ends at 9am EST. This is GMT 12pm to 2pm. Change the field day_number for the number of days in history you want the box to appear. The slope direction on the h1 chart at the end of the box is what you want to look for. Both directions must agree. Sometimes they dont and sometimes they dont straight away. If they agree upto 3 hours after the end of the box then you enter in that direction on the 30min chart. The most important thing about this system is the Money...
so, for example, if I put the correct hours, in the gbp/usd, the box today is:
high 1.6346 low 1.6274. is it ok
  • #1,804
  • Nov 3, 2009 11:35am Nov 3, 2009 11:35am
That is correct olachico!
  • #1,805
  • Nov 3, 2009 11:40am Nov 3, 2009 11:40am
....or @ least thats what mine is and I've had pretty good luck!

If this is wrong PLEASE let us know!
  • #1,806
  • Nov 3, 2009 11:44am Nov 3, 2009 11:44am
Quoting olachico
so, for example, if I put the correct hours, in the gbp/usd, the box today is:
high 1.6346 low 1.6274. is it ok
Yes thats right!
Check my backtesting results on the previous page.
  • #1,807
  • Nov 3, 2009 11:49am Nov 3, 2009 11:49am
Thanks Gangsta1!

If I was off...I was gonna recommend my times cause they've been workin hella' good!

LMAO!
  • #1,808
  • Nov 3, 2009 12:00pm Nov 3, 2009 12:00pm
Quoting lucca
Don't really understand what you mean....sorry?
Could you explain it with an example? I'am not english speaking.....

Thanks.

Lucca, take your high result of the last candle in the timeframe (16:00). And place a buy order with 20TP 18-20SL. I only use buy orders and it seems to work pretty well. Some days the order wont open but I find it is less risky.
Direction is more important than speed. Alot of people go nowhere real fast
  • #1,809
  • Nov 3, 2009 12:27pm Nov 3, 2009 12:27pm
Quoting gangsta1
Hi,

The SL is 10 pips from entry. Entry is High/Low of box +10pip buffer +Spread.
I did not test with a trailing stop in mind as these breakout moves tend to move quickly in one direction. However, to lock in more than break even profit for those moves that turn before 50 pips then I would suggest:

Set break even to +1 @+20, Start Trailing at +25 and Trail by 5 pips. So if trade decides to turn at +40 then you have locked in +16pips. This would be better then hitting your stop loss or breaking even of course, but on the other hand may prevent...
I used your suggestion with tp 50 and sl 10 today on my liveaccount.
It is really true, that sl 10 seems to be enough for a real breakout.
Today I could get some pips in usdjpy, eurusd, usdchf....
I had no time to wait for more pips and exit manually....that was a good decision...:-)

Eurjpy had a range of 62, for that reason I didn't set a trade....
Attached Image (click to enlarge)
Click to Enlarge Name: forex_3.11.09.jpg Size: 159 KB
  • #1,810
  • Edited Nov 4, 2009 6:38am Nov 3, 2009 4:11pm | Edited Nov 4, 2009 6:38am
For those that are interested I am going to back test some GBP pairs during the London Breakout session, which I have a box at 6am to 8am GMT for. I am aware this thread is for the London/NY cross over break out, but my results of that session were so positive I thought it would do no harm to add some more results for the London morning session breakout. I think the 8 pairs I backtested for the "BigDog Breakout" Session are enough and the results show that with good MM they can all be traded, of course forward testing will be different with each trader depending on discipline and psychology.

So, for the London morning breakout session I will start with my results with the GU from January to November 2nd 2009. The same rules as my bigdog test apply (accept the box is from 6am to 8am GMT).

G/U:

TP:50 SL:10
Wins=40
Losses=48
Profit=+1520pips (NB: If the take profit loss was higher@+75pips then total profit would have been +1470pips, if a break even was used (@+30pips).

More results for the London Breakout (6am to 8am GMT)...

G/JPY:

TP:50 SL:10
Wins=39
Losses=56
Profit=+1390pips (NB: If the take profit loss was higher@+75pips then total profit would have been +1615pips, if a break even was used (@+30pips).

G/CHF:

TP:50 SL:10
Wins=46
Losses=68
Profit=+1620pips (NB: If the take profit loss was higher@+75pips then total profit would have been +1720pips, if a break even was used (@+30pips).
  • #1,811
  • Nov 3, 2009 4:16pm Nov 3, 2009 4:16pm
Sorry, when you use sl 10pips it means 10pips+spread or only 10 pips?
thank you

Quoting gangsta1
For those that are interested I am going to back test some GBP pairs during the London Breakout session, which I have a box at 6am to 8am GMT for. I think the 8 pairs I backtested for the "BigDog Breakout" Session are enough and the results show that with good MM they can all be traded, of course forward testing will be different.

So, for the London morning breakout session I will start with my results with the GU from January to November 2nd 2009. The same rules as my bigdog test apply.

G/U:

TP:50 SL:10
Wins=40
Losses=48
Profit=+1520pips (NB:...
  • #1,812
  • Nov 3, 2009 4:28pm Nov 3, 2009 4:28pm
Quoting olachico
Sorry, when you use sl 10pips it means 10pips+spread or only 10 pips?
thank you
Come on man, read my posts for the last few days!! I have stated a few times 10pips+Spread. If spread is typically 3 pips on that currency during the breakout times then the entry is 10pips buffer+3pips spread=a total of 13pips away from breakout lines...Kapeesh
  • #1,813
  • Nov 3, 2009 4:39pm Nov 3, 2009 4:39pm
Hey man,
I don't speak about the enter, but the stoo loss.
In the rules it'is not clear that the SL is 10+spread

Enter 10pips Buffer+Spread from high/low of 12pm to 2pm GMT Box.
Pairs: GU, EU, EJ, UCAD, AUSD, UJ, UCHF, NZDUSD
TP:50 SL:10
Break Even@+30pips
Enter in direction of slopes on h1 timeframe (Thanks to Dubai Trader)

in any case sorry for the disturb and thank you for the patience.
  • #1,814
  • Nov 3, 2009 5:01pm Nov 3, 2009 5:01pm
Quoting olachico
Hey man,
I don't speak about the enter, but the stoo loss.
In the rules it'is not clear that the SL is 10+spread

Enter 10pips Buffer+Spread from high/low of 12pm to 2pm GMT Box.
Pairs: GU, EU, EJ, UCAD, AUSD, UJ, UCHF, NZDUSD
TP:50 SL:10
Break Even@+30pips
Enter in direction of slopes on h1 timeframe (Thanks to Dubai Trader)

in any case sorry for the disturb and thank you for the patience.
Oh my man sorry!
It is a 10 pip SL from your exact entry price. That is what my test results reflect. As it is a breakout startegy, price should be moving fast in the direction we want it on a good breakout so no need to worry to much about having a large stop loss. If you have to large a stop loss and allow for price to turn back then in my opinion you are not trading a breakout startegy. Hope that helps.
  • #1,815
  • Nov 3, 2009 5:07pm Nov 3, 2009 5:07pm
Quoting lucca
I used your suggestion with tp 50 and sl 10 today on my liveaccount.
It is really true, that sl 10 seems to be enough for a real breakout.
Today I could get some pips in usdjpy, eurusd, usdchf....
I had no time to wait for more pips and exit manually....that was a good decision...:-)

Eurjpy had a range of 62, for that reason I didn't set a trade....
Nice one lucca. However, did you check slope directions on the h1 chart or use a buffer? May help in future to get in on the good breakouts and avoid the false ones.
  • #1,816
  • Nov 3, 2009 5:21pm Nov 3, 2009 5:21pm
It's clear, thank you. maybe in the pairs with high spread (more than 5 pips) the sl is very little. I suppose that you consider only the pairs with low spreads. Because for the london session, the gbp/jpy seems very interesting but the spread that i have is 11 pips!!!! more than stop loss.
what do you think?


Quoting gangsta1
Oh my man sorry!
It is a 10 pip SL from your exact entry price. That is what my test results reflect. As it is a breakout startegy, price should be moving fast in the direction we want it on a good breakout so no need to worry to much about having a large stop loss. If you have to large a stop loss and allow for price to turn back then in my opinion you are not trading a breakout startegy. Hope that helps.
  • #1,817
  • Nov 3, 2009 5:28pm Nov 3, 2009 5:28pm
Quoting olachico
It's clear, thank you. maybe in the pairs with high spread (more than 5 pips) the sl is very little. I suppose that you consider only the pairs with low spreads. Because for the london session, the gbp/jpy seems very interesting but the spread that i have is 11 pips!!!! more than stop loss.
what do you think?
I think you need a new broker lol!

Well I will backtest the GBP pairs for the London morning session breakout and post up the results. If any spread is more than 5pips I would probably stay away from that currency unless it was a dead cert. If you are uncomfortable with such a tight stop loss then my advice would be to either:

#1; Add the spread
#2; Put the stop loss a few pips on the other side of the breakout line you enter from. The reason for this is the line can act as support/resistance and therefore when broken may not be interegated again on good breakouts.

Hope that helps..
  • #1,818
  • Nov 3, 2009 5:47pm Nov 3, 2009 5:47pm
My spreads of the pairs that yoo backtested are:
EURUSD 2pips
GBPUSD 4pips
EURJPY 4pips
USDCAD 5pips
AUDUSD 5pips
USDJPY 3pips
USDCHF 3pips
NZDUSD 6pips
EURGBP 4pips


are they similar to yours spread of the backtests?

I fact, I like the little sl, only I want to know if i can use your backtest for my situacion.




Quoting gangsta1
I think you need a new broker lol!

Well I will backtest the GBP pairs for the London morning session breakout and post up the results. If any spread is more than 5pips I would probably stay away from that currency unless it was a dead cert. If you are uncomfortable with such a tight stop loss then my advice would be to either:

#1; Add the spread
#2; Put the stop loss a few pips on the other side of the breakout line you enter from. The reason for this is the line can act as support/resistance and therefore when broken may not be interegated again...
  • #1,819
  • Nov 3, 2009 7:20pm Nov 3, 2009 7:20pm
Hi guys,

what would you recommend as a good SL?

I tried 15 pips SL for this strategy but.... sometimes it just goes all the way to the other end before heading back into the right direction...

Please advise..

Thanks!
  • #1,820
  • Nov 3, 2009 11:49pm Nov 3, 2009 11:49pm
Hi Gangsta, did you get a chance to look at the 30/10/09 with the correct box hrs? Also the 28/10/09? I make them losses using a 10SL...interested to see your results for those days..
1 trader viewing now