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

  • #1,821
  • Nov 4, 2009 2:42am Nov 4, 2009 2:42am
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 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...
Hi Gangsa

Brilliant work.

One quick question.

If you say 6am to 8am GMT.

Does that mean:
(1) 6am to 8am London time (which currently is on GMT) ?
or (2) 6 to 8 GMT ?

For the first one you need to take daylight saving into account, meaning that in their summer the time will shift to GMT +1 and then your box will be from 7 to 9 GMT.

For the second one your box will stay 6 to 8 GMT straight through the year.

Currently I trade the London breakout taking daylight saving into account.

Thanks

  • #1,822
  • Nov 4, 2009 3:37am Nov 4, 2009 3:37am
London always open at 8 london time
in winter is 8 gmt
in summer is 7 gmt
I resad somewhere <<Summer Day Time does not affect the indicator setting. Regardless of whether we are in winter or summer time, the London market still opens at 8:00 am London time;The only thing that matters iswhere in the world your MT4 provider's server is located >>
  • #1,823
  • Nov 4, 2009 4:34am Nov 4, 2009 4:34am
Quoting DubaiTrader
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..
I dont know what you percieve as correct box hours. You said 11am to 1pm, however my "correct" box hours are 12pm to 2pm. I do not recall a situation where the US was 4hrs behind GMT.
  • #1,824
  • Nov 4, 2009 4:36am Nov 4, 2009 4:36am
Quoting matlobien
Hi Gangsa

Brilliant work.

One quick question.

If you say 6am to 8am GMT.

Does that mean:
(1) 6am to 8am London time (which currently is on GMT) ?
or (2) 6 to 8 GMT ?

For the first one you need to take daylight saving into account, meaning that in their summer the time will shift to GMT +1 and then your box will be from 7 to 9 GMT.

For the second one your box will stay 6 to 8 GMT straight through the year.

Currently I trade the London breakout taking daylight saving into account.

Thanks

The box I used for the GU London Breakout testing was 6am to 8am London Time throughout the year. This will be the same when I begin testing the other GBP pairs. Pierre gave a good answer imo.
  • #1,825
  • Nov 4, 2009 4:39am Nov 4, 2009 4:39am
Quoting olachico
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.
You can use a buffer of 15pips (which includes the spread regardless of how much it is). The results will still be as good. Like I said before, if its going to breakout it is going to break out with power, so if you want to have the buffer further away you can aslong as your TP reflects this. You will see that despite there being more losses than winners, the winners greatly outweigh the losses.
  • #1,826
  • Nov 4, 2009 4:42am Nov 4, 2009 4:42am
Quoting gangsta1
I dont know what you percieve as correct box hours. You said 11am to 1pm, however my "correct" box hours are 12pm to 2pm. I do not recall a situation where the US was 4 behind GMT.
It happened last week as the US hadn't changed their clocks until this Sunday so for the week just passed you had the wrong box hrs.

What results did you get for 9/10/09 on GU? I make it a loss with a 10SL.
  • #1,827
  • Nov 4, 2009 5:27am Nov 4, 2009 5:27am
Quoting DubaiTrader
It happened last week as the US hadn't changed their clocks until this Sunday so for the week just passed you had the wrong box hrs.
Okay, thanks for the information. I will look at updating my results, although I doubt it will not change much.

Quoting DubaiTrader
What results did you get for 9/10/09 on GU? I make it a loss with a 10SL.
I have this as a loss also. Please be aware that I am very tight with my testing. If a result could be debatable either way I will choice the worst scenario. My results are as realistic as possible!

I am adding GBP/JPY to London Breakout results now and will continue to add more throughout the day.
  • #1,828
  • Nov 4, 2009 5:31am Nov 4, 2009 5:31am
Quoting gangsta1
Okay, thanks for the information. I will look at updating my results, although I doubt it will not change much.



I have this as a loss also. Please be aware that I am very tight with my testing. If a result could be debatable either way I will choice the worst scenario. My results are as realistic as possible!

I am adding GBP/JPY to London Breakout results now and will continue to add more throughout the day.
Thanks, please don't think I'm trying to knock your efforts, 10SL would be fantastic if it as good as it seems. Looking forward to your morning breakout results.
  • #1,829
  • Edited 5:52am Nov 4, 2009 5:41am | Edited 5:52am
Quoting DubaiTrader
Thanks, please don't think I'm trying to knock your efforts, 10SL would be fantastic if it as good as it seems. Looking forward to your morning breakout results.
Not at all!

To be completely honest with you from my testing the ideal tight stop would be the breakout line. So if you entered 13pips away (Buffer + Spread) from the breakout line then your stop would be 13pips on the line. Im going to compare results from this proposed MM with the results I have done previously (SL:10pips).

In addition to this I propose calculating results if entry was consistantly 15 pips away from the breakout line (Buffer + Spread included) regardless of the pair and the spread.

**Just to note, a 10pip SL is tight. But if we say for arguements sake that the SL was 15 pips during my test results I have posted thus far and therefore each loss 5 pips more, we would still be making lots of positive pips. Each pair would still be in the positive. This does not even take into account the extra wins that would arise from increasing the stop to 15pips. So, like many have said about this strategy before, its all about the Money Management! I choose SL:10 becuase I am going for the true breakouts..
  • #1,830
  • Nov 4, 2009 5:57am Nov 4, 2009 5:57am
Quoting gangsta1
The box I used for the GU London Breakout testing was 6am to 8am London Time throughout the year. This will be the same when I begin testing the other GBP pairs. Pierre gave a good answer imo.
Thanks guys.

  • #1,831
  • Nov 4, 2009 8:28am Nov 4, 2009 8:28am
Looking for longs across the board..
  • #1,832
  • Nov 4, 2009 8:42am Nov 4, 2009 8:42am
Quoting DubaiTrader
Looking for longs across the board..
Hi Dubai:
Thanks for the heads up, keeps us all on the same page.

Jim
  • #1,833
  • Nov 4, 2009 8:51am Nov 4, 2009 8:51am
Hi:
Long on the E/U at 1.4812, anybody else?

Jim
  • #1,834
  • Nov 4, 2009 8:58am Nov 4, 2009 8:58am
Trades of 4 November 2009

Settings:

Buffer: 10 pips;
Spread: IBFX spreads;
Stop Loss: 10 pips;
Target Profit: 50 pips;
Attached Image (click to enlarge)
Click to Enlarge Name: 4-nov-09-breakout.png Size: 14 KB
  • #1,835
  • Nov 4, 2009 10:12am Nov 4, 2009 10:12am
Sorry guys....silly question:

speaking in gmt time when does wall street open ??
Patience is essential
  • #1,836
  • Nov 4, 2009 10:34am Nov 4, 2009 10:34am
Quoting benem
Sorry guys....silly question:

speaking in gmt time when does wall street open ??
Official open is 1300GMT. 0800 EST.
  • #1,837
  • Nov 4, 2009 10:35am Nov 4, 2009 10:35am
Quoting DubaiTrader
Official open is 1300GMT. 0800 EST.
Thank you Sir...
Patience is essential
  • #1,838
  • Nov 4, 2009 10:50am Nov 4, 2009 10:50am
Quoting gangsta1
I am aware of the 30min chart not showing potential pull backs to the tight 10 pip stop loss. It should be made clear that the 50 pip wins are the ones that come from breakouts that hit the target within a short time frame therefore not having time to hit the stop loss.

A way to check this for yourself is to go back and look at the "real" breakouts. The stop loss I propose is around the edge of the box. You will see that the "real" breakouts rarely touch back to the edge.

Ive started testing the rest of 09. So far I have done EU, GU, EJ, U/CAD,...
Hi gangsta1.

1.I want ask you about the backtest above , because I am confused because in first page , this strategy tell about time being use = 700 to 900 , but is contained 9 bar orf 15m .
I confused about this , it must be said 700 to 0915 strategy (not 700 to 900). am i coreect ?


2. time You used is 12GMT to 14 GMT ( 8 candlle 15M chart or 4 candle 30M chart). No matter summer or winter time in europe or NY. True ?

3 . Now is winter time , why you dont swicht to 13 GMT to 15 GMT ?

Thanks
  • #1,839
  • Nov 4, 2009 11:07am Nov 4, 2009 11:07am
I think the usdjpy is nor correct because the slope go up and the box go down...
I cancel the usd cad because the slope change direction.

Quoting InterMania
Trades of 4 November 2009

Settings:

Buffer: 10 pips;
Spread: IBFX spreads;
Stop Loss: 10 pips;
Target Profit: 50 pips;
  • #1,840
  • Nov 4, 2009 12:26pm Nov 4, 2009 12:26pm
One question for ones use this system whit the slope:
when you cancel the pending trade?

thank you


Quoting olachico
I think the usdjpy is nor correct because the slope go up and the box go down...
I cancel the usd cad because the slope change direction.
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