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

  • #1,921
  • Nov 6, 2009 6:16am Nov 6, 2009 6:16am
Quoting Knez
in your post #1908 you mention that box is ending at any time after 9am depend on time frame that you trade, and now you are saying that box is ending at 9:30am.
It is just discrepancy of what you were saying.

DubaiTrader, please don't think that I am trying to assault you or anyone, just want to make sure that new traders will understand.

Thanks.
It ends at 0930 if using a 30 min chart. Please read the first post. It states on a 15 min chart there will be 9 candles. That means the last candle finishes at 0915.

My comment stands; it all depends on what TF you use.

DRAW LINES AT 0700 EST and 0900 EST. Those are the simple rules, you seem to missing that very simple point.
  • #1,922
  • Nov 6, 2009 6:20am Nov 6, 2009 6:20am
the 0900 bar starts forming at 0900 and ends at 0900+T where T is your time frame.

so if u're using 15 min time frame, it ends at 0915.
  • #1,923
  • Nov 6, 2009 6:22am Nov 6, 2009 6:22am
Quoting Knez
You are wrong here:
If you draw line at 0700 and 0900 your highest/lowest price will be at 0900 exact. No matter what time frame do you use. It always end at 0900.
Lol I can't explain myself any clearer.

READ THE FIRST POST. 9 CANDLES ON A 15 MINUTE CHART. DRAW A LINE AT 0700 AND 0900. YOU WILL HAVE 9 CANDLES ON A 15 MINUTE CHART. THE LAST ONE FORMS AT 0900.

I can't make it any simpler or clearer.
  • #1,924
  • Nov 6, 2009 6:24am Nov 6, 2009 6:24am
Quoting DubaiTrader
It ends at 0930 if using a 30 min chart. Please read the first post. It states on a 15 min chart there will be 9 candles. That means the last candle finishes at 0915.

My comment stands; it all depends on what TF you use.

DRAW LINES AT 0700 EST and 0900 EST. Those are the simple rules, you seem to missing that very simple point.

Ok. I better say this way to make it clear:
I am trading 15min time frame, and my box start at 0700am ends at 0900 ... so my last candle of the box starts at 0845 and end at 0900.
If I place this box on 5min time frame my last candle will be one that start at 0855 ... if 30min chart - last candle of the box will start at 0830.

Regardless of time frame I trade, my box will always end at 0900.
  • #1,925
  • Nov 6, 2009 6:25am Nov 6, 2009 6:25am
Quoting Knez
Ok. I better say this way to make it clear:
I am trading 15min time frame, and my box start at 0700am ends at 0900 ... so my last candle of the box starts at 0845 and end at 0900.
If I place this box on 5min time frame my last candle will be one that start at 0855 ... if 30min chart - last candle of the box will start at 0830.

Regardless of time frame I trade, my box will always end at 0900.
Please enough of "The Box" already!! Do some backtesting let us know what you think good TP and SL levels are..
  • #1,926
  • Nov 6, 2009 6:26am Nov 6, 2009 6:26am
Quoting Knez
Ok. I better say this way to make it clear:
I am trading 15min time frame, and my box start at 0700am ends at 0900 ... so my last candle of the box starts at 0845 and end at 0900.
If I place this box on 5min time frame my last candle will be one that start at 0855 ... if 30min chart - last candle of the box will start at 0830.

Regardless of time frame I trade, my box will always end at 0900.
Well I'm afraid to say that isn't the method stated in this thread. Great if it works for you, but you accused me of misleading people when infact I've followed the very simple rules.
  • #1,927
  • Nov 6, 2009 6:42am Nov 6, 2009 6:42am
Quoting DubaiTrader
Well I'm afraid to say that isn't the method stated in this thread. Great if it works for you, but you accused me of misleading people when infact I've followed the very simple rules.

I will not argue anymore of this timing. I specified what is the method of implementing box that I do, and I am satisfied with that.
Regarding back testing-I will leave it to every individual trader to do it by themselves. This is best way to see how system works and what number of pips they are targeting. I personally target 15 pips and I am satisfied with that.

Thank you all.

P.S. can anyone tell me, please, why timing on the calendar page of forexfactory is still on summer time?
  • #1,928
  • Nov 6, 2009 6:49am Nov 6, 2009 6:49am
Hi Gangsta 1,

I have now completed my backtesting USD / CAD albeit using a different box period from you and here are the results:

Please note that I have only gone back as far as October 2nd so it does not necessarily provide a completely representative sample;

Rules:

a) Use a box between 5.00am and 7.30am GMT (30 mins later than for the Cable rules that I posted before)

b) I am fortunate to have some software which identifies the peaks and troughs of the price swings so if a price low or high was formed shortly after 7.30am my entry would be based upon a move above or below this swing by 1 pip

c) Enter 1 pip above or below prior high or low providing it is in the direction of the Slope Direction Slow Line indicator unless the lines are about to cross over using the 1 hr chart

d) Set stop at 29 + spread away from entry point (any less than this and 3 of the winners would be stopped out)

e) Move stop to break even when it has moved 33 pips from entry

f) Exit at 80 pips from entry

Results:

6 Losses giving a loss of 6 positions

3 Stopped out at Breakeven

7 Winners giving a return of 80pips divided by 33pips (stop + spread) = 2.42 per position

8 No trade (either does not move out of box or moves out of box in opposite direction to Sloping Direction Indicator)

Return excluding breakeven trades 16.94 - 6 = 10.94 (average return including breakeven trades 0.68 per position)

http://cdn.forexfactory.com/images/misc/progress.gif

  • #1,929
  • Nov 6, 2009 6:58am Nov 6, 2009 6:58am
I think,that the backtest of gansta is makes with 30m box and then he put the 1min chart to see exacty all the movement with the level of 30m box. So the last price is at 9,29.
I suppose this is the correct way to backtest.

Sorry for the catastofic english


Quoting Knez
I will not argue anymore of this timing. I specified what is the method of implementing box that I do, and I am satisfied with that.
Regarding back testing-I will leave it to every individual trader to do it by themselves. This is best way to see how system works and what number of pips they are targeting. I personally target 15 pips and I am satisfied with that.

Thank you all.

P.S. can anyone tell me, please, why timing on the calendar page of forexfactory is still on summer time?
  • #1,930
  • Nov 6, 2009 7:36am Nov 6, 2009 7:36am
Hi Gangsta
you still want the EA with hours and minutes to open trades?
Anthony
  • #1,931
  • Nov 6, 2009 7:52am Nov 6, 2009 7:52am
Quoting olachico
I think,that the backtest of gansta is makes with 30m box and then he put the 1min chart to see exacty all the movement with the level of 30m box. So the last price is at 9,29.
I suppose this is the correct way to backtest.

Sorry for the catastofic english
Yes thats correct. I check the h1 slopes for that day. I draw the breakout lines from the m30 chart. I then go down to the 1m chart to find the breakout line from that day and look when the entry would have been from that day (on or after 2:30pm London Time). This makes the results accurate. Rather than just looking at the m30 chart as it is not always possible to identify if a trade would have been stopped out without going down to the m1. Your English is okay, apart from catastofic LOL!
  • #1,932
  • Nov 6, 2009 7:53am Nov 6, 2009 7:53am
Quoting Anthony_M
Hi Gangsta
you still want the EA with hours and minutes to open trades?
Anthony
Oh hell yeh! With a fixed stop loss option aswell. Are you able to code the extra functions?
  • #1,933
  • Nov 6, 2009 7:58am Nov 6, 2009 7:58am
Quoting Indyfx
Hi Gangsta 1,

I have now completed my backtesting USD / CAD albeit using a different box period from you and here are the results:

Please note that I have only gone back as far as October 2nd so it does not necessarily provide a completely representative sample;

Rules:

a) Use a box between 5.00am and 7.30am GMT (30 mins later than for the Cable rules that I posted before)

b) I am fortunate to have some software which identifies the peaks and troughs of the price swings so if a price low or high was formed shortly after 7.30am my entry would...
Just curious what is the reason behind trading the U/CAD at 7:30GMT? We trade the "BigDog Breakout" session when London and NY are both in the market due to the high volume of trading and therefore larger movements. If I was to trade the "London Morning Breakout" I would opt for a GBP pair. Anyways, as long as your winners outweigh your losses its good albeit only during October. I would go back as far as possible testing with your rules very strictly and see if it is something you would be comfortable to go live with (for the long term).
  • #1,934
  • Nov 6, 2009 7:58am Nov 6, 2009 7:58am
An EA would be awesome, Anthony.
  • #1,935
  • Nov 6, 2009 8:01am Nov 6, 2009 8:01am
Quoting gangsta1
Oh hell yeh! With a fixed stop loss option aswell. Are you able to code the extra functions?
Hi
i don't know what you mean by extra functions?
here it is , i will explain where to put stoploss or take profit.
because i use FXCM 5 digits, and the broker as i see, not accept trading with stoploss and take profit, so i put them in conditional closing of opened position. after you open it, ask what needed to know, i will explain.

Regards,
Anthony
Attached File(s)
File Type: mq4 AnthonyM_Breakout.mq4   7 KB | 536 downloads
  • #1,936
  • Nov 6, 2009 8:02am Nov 6, 2009 8:02am
Quoting DubaiTrader
An EA would be awesome, Anthony.
Of course the EA may not be able to identify the slopes on the h1, but like I said before, we could filter out the non trading days to get the correct results.
  • #1,937
  • Nov 6, 2009 8:07am Nov 6, 2009 8:07am
Here's an EA I created for this strategy... works on any timeframe and comes with trailing stop and Break Even management.

settings should be self explaining... if not post your Q's...

Cheers
Attached File(s)
File Type: mq4 Custom_BOX_Breakout.mq4   14 KB | 856 downloads
  • #1,938
  • Nov 6, 2009 8:09am Nov 6, 2009 8:09am
Quoting DubaiTrader
An EA would be awesome, Anthony.
i posted , but needs time it seems to be visible to you
because i got this message

(Your submission is not yet visible; it must first pass through the moderation queue. Submissions from Junior Members are hand-moderated as a quality control measure)
  • #1,939
  • Nov 6, 2009 8:21am Nov 6, 2009 8:21am
Quoting Rbi
Here's an EA I created for this strategy... works on any timeframe and comes with trailing stop and Break Even management.

settings should be self explaining... if not post your Q's...

Cheers
Seems like a great EA... wont load the page when I click the link.
  • #1,940
  • Nov 6, 2009 8:55am Nov 6, 2009 8:55am
Hello Gangsta,

Do you take into consideration the correlation between some of the 8 pairs since they tend to hedge each other?

Thanks
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