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

  • #1,501
  • Nov 4, 2009 12:08am Nov 4, 2009 12:08am
Quoting Scullmeister
Another 30 pips bagged, well done everyone, just stick with it.

Hi Scullmeister,

Could you confirm that you are still using the 0400 - 0700GMT. Witht he recent time change in the UK, should be be using 0500 - 0800GMT or should we still use 0400 - 0700GMT. Thank you.
  • #1,502
  • Nov 4, 2009 1:26am Nov 4, 2009 1:26am
Quoting fxpilot
Hi Scullmeister,

Could you confirm that you are still using the 0400 - 0700GMT. Witht he recent time change in the UK, should be be using 0500 - 0800GMT or should we still use 0400 - 0700GMT. Thank you.
Please read http://www.forexfactory.com/showpost...postcount=1395
  • #1,503
  • Nov 4, 2009 3:10am Nov 4, 2009 3:10am
how everyone today

GJ get a good result
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 131 KB
  • #1,504
  • Nov 4, 2009 5:43am Nov 4, 2009 5:43am
GU winner again.

  • #1,505
  • Nov 4, 2009 8:28am Nov 4, 2009 8:28am
Quoting matlobien
GU winner again.

Yep good result, stay grounded though, we are due a loser.

But 3 out of 3 this month is a good start nonetheless.
Trade the price action, not the cash!!!
  • #1,506
  • Nov 5, 2009 2:37am Nov 5, 2009 2:37am
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
Hi Grant

Am I correct in saying that with your method we will only go short today ?

My 85 EMA is red, but price has just gone thru it to the upside.

  • #1,507
  • Nov 5, 2009 2:59am Nov 5, 2009 2:59am
Hi Matt,

if the EMA is anywhere in the box i pass for the day.

i have tested 2 ways for the EMA:-

1. if EMA above box trade short, if EMA below box trade long, if EMA is in box at any time trade long and short but let only 1 ordrer trigger.

2. if ema is above box trade short, if EMA is below box trade long, if ema is in box at any time NO trade.

the results were interesting and are attached for the TF i trade 0400-0600 UK time.

the results are from an EA backtest that i have checked manually to make sure they are correct..

i think the SS is self explanatory but if you have any queries just shout..

many pips to you

Grant
Attached File(s)
File Type: xls GU EMA Test 1.xls   30 KB | 444 downloads
  • #1,508
  • Nov 5, 2009 3:05am Nov 5, 2009 3:05am
forgot to say i use the no trade method as i prefer the smaller DD...

cheers

Grant
  • #1,509
  • Nov 5, 2009 3:25am Nov 5, 2009 3:25am
Quoting grant18265
forgot to say i use the no trade method as i prefer the smaller DD...

cheers

Grant
Thanks

Just triggered a long with Sculls method.

Let's see.

  • #1,510
  • Nov 5, 2009 5:55am Nov 5, 2009 5:55am
Quoting matlobien
Thanks

Just triggered a long with Sculls method.

Let's see.

yes
i am in LONG position

GO UP!!!
  • #1,511
  • Nov 5, 2009 6:21am Nov 5, 2009 6:21am
Quoting wltam
yes
i am in LONG position

GO UP!!!
Didn't work out today.

Scull put a jinks on it today. Haha.



Tomorrow is NFP ????????????

  • #1,512
  • Nov 5, 2009 6:37am Nov 5, 2009 6:37am
Quoting matlobien
Didn't work out today.

Scull put a jinks on it today. Haha.



Tomorrow is NFP ????????????

GU won ...

actually...... what is NFP..?? sorry to ask that
  • #1,513
  • Nov 5, 2009 6:37am Nov 5, 2009 6:37am
How do I get a copy for testing? Thanks
  • #1,514
  • Nov 5, 2009 6:43am Nov 5, 2009 6:43am
NFP = Non Farm Payroll, figures on first friday of the month.
  • #1,515
  • Edited 1:11pm Nov 6, 2009 12:57pm | Edited 1:11pm
Quoting matlobien
Didn't work out today.

Scull put a jinks on it today. Haha.



Hi--new to the thread but I think this system is cool and has the potential to be profitable.

I have a question/suggestion... has anyone ever discussed waiting until a candle closes above or below the box to enter? On the M30 chart that would have triggered a profitable short today, albeit later in the morning.

Just a thought.
  • #1,516
  • Nov 7, 2009 12:54am Nov 7, 2009 12:54am
Quoting jay320
Hi--new to the thread but I think this system is cool and has the potential to be profitable.

I have a question/suggestion... has anyone ever discussed waiting until a candle closes above or below the box to enter? On the M30 chart that would have triggered a profitable short today, albeit later in the morning.

Just a thought.

Hello guys,

this my first post here, I followed all the thread.

I agree that it is a good way to trade because it takes in consideration the london session (asia and US is good too) because there is differrent volatility and differrent "big players"and it is often the beginning of a big move, it could also be the low/high of the day.

The best way to avoid false breakout is of course wait for a pull back on small time frame but it could give loss because the pull back we took was too early (too smal time frame), but if right will give much better R/R.

Smaller the time frame, more the pull back could be too early (more risky) but more it could catch the move at the beginning, the inverse for less smaller time frame, the pull back could be much more reliable but taken later.

Check it and see what suit you the most, risk/reward and % winning.

Anyways I think it is a very good way to trade, much better than most indicator, just take the sessions...


Billyjoe


PS : sorry for my english, it is not my native language.
  • #1,517
  • Nov 7, 2009 3:55am Nov 7, 2009 3:55am
Quoting billbss
You are correct.
Just glancing back for a week or two it appears it would do better by ending the box at 0700 rather than 0730, or one bar shorter than the box he is showing.

London opens at 0700 GMT. There is usually a big move at this time. That movement could be used in making profit.

I'm not ready to say this would be better, I didn't really test it, but it's something that should be looked at.
Hello, London always open a 8 london time (winter and summer)
That is in winter 8 GMT and in summer 7 GMT
  • #1,518
  • Nov 7, 2009 4:08am Nov 7, 2009 4:08am
Quoting tasciy
this strategy is the london open variation of "7am-9am Big Dog USD Breakout Strategy"...
In the 7am-9am Big Dog USD Breakout Strategy the box is 1 hour before newyork open and 1 h after.
Your strategy is 3 hours before london open

I use the London Rush (0 - 8 GMT)but maybe your strategy is better.
I will test
  • #1,519
  • Edited 4:25am Nov 7, 2009 4:13am | Edited 4:25am
Quoting Pierre
Hello, London always open a 8 london time (winter and summer)
That is in winter 8 GMT and in summer 7 GMT

Hello,

are you sure about ?

Would you bet your hand about ?

Because for me at the summer London is +1 GMT (8 GMT)

For me the winter London is GMT +O (8 GMT), and the summer London is +1 GMT, it is still 8 GMT...

Billyjoe
  • #1,520
  • Nov 7, 2009 4:14am Nov 7, 2009 4:14am
Also do not forget the european open which is one hour before London (Paris, francfort, Amsterdam)

Billyjoe
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