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

  • #2,061
  • Nov 10, 2009 10:56am Nov 10, 2009 10:56am
Quoting pbenerjee
Today EUR/USD testified why Dubaitrader is a strong proponent of his both slopes pointing at same direction on 1H chart..today it would have saved the "long" pending order from being filled and then stopped out as it was false breakout.. The real break out (going on right now) is for short position and both slopes are pointing down on 1H chart.

Think protecting equity takes precedence over making money :-)
Correct, but also in 15m chart the 2 slope are pointing down
  • #2,062
  • Nov 10, 2009 10:59am Nov 10, 2009 10:59am
Quoting pbenerjee
Today EUR/USD testified why Dubaitrader is a strong proponent of his both slopes pointing at same direction on 1H chart..today it would have saved the "long" pending order from being filled and then stopped out as it was false breakout.. The real break out (going on right now) is for short position and both slopes are pointing down on 1H chart.

Think protecting equity takes precedence over making money :-)
the chart
Attached Image (click to enlarge)
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  • #2,063
  • Nov 10, 2009 11:20am Nov 10, 2009 11:20am
strategy 15-75 pips be 30

no trades today
  • #2,064
  • Nov 10, 2009 11:35am Nov 10, 2009 11:35am
Hi
I have been using part of this system for 6 months, and a have a good feeling abut, but there are some results that i dont like too much. Sometimes the candles cruce the triger and when every thing looks fine the tendence goes to the other way with out a privious indication. I use parabolic and goldminer and it works well for this estrategy aldo the number of trades in the week reduces to 2-3 and not 5s.

Check this picture !
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  • #2,065
  • Nov 10, 2009 12:23pm Nov 10, 2009 12:23pm
DayTrader what Stop Loss are you using?
  • #2,066
  • Nov 10, 2009 10:27pm Nov 10, 2009 10:27pm
Quoting Pierre
Correct, but also in 15m chart the 2 slope are pointing down
But on your GU you had a valid long whereas on the M30 it wasn't a valid breakout to the long side.

I'm not saying your method is any less effective, simply I think the M30 chart is more resistant to false breakouts.
  • #2,067
  • Nov 11, 2009 2:57am Nov 11, 2009 2:57am
Quoting DubaiTrader
But on your GU you had a valid long whereas on the M30 it wasn't a valid breakout to the long side.

I'm not saying your method is any less effective, simply I think the M30 chart is more resistant to false breakouts.
It is correct DubaiTrader. I will test
This morning eur/usd usd/cad usd/CHF and all with the major trend
  • #2,068
  • Nov 11, 2009 5:15am Nov 11, 2009 5:15am
I won't be trading the NY breakout this afternoon due to Veteran's Day and with CAD also having a BH.

Good luck to those who trade. Back tomorrow.
  • #2,069
  • Nov 11, 2009 8:51am Nov 11, 2009 8:51am
Please try new EA, change a lot, so I rename it to Henry_EA_4_Gang. But still many thanks to Anthonly's initial version. save me lots of effort.

New EA implements Gangstar's strategy to trade London and NewYork moring break. It requires Slope Direction Line indicator attached to chart, and it assumes 30M chart is used.

it will check slope line direction, if short(50,3,0) and long(100,3,0) agree in same color, it will tread that direction. Only 1 order will be send in one session.

if both disagree, no order will be send. check below attachment for detail.

Please let me know if any issues.

Attached File(s)
File Type: mq4 Henry_EA_4_Gang.mq4   8 KB | 544 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: gang.gif Size: 14 KB
  • #2,070
  • Nov 11, 2009 10:02am Nov 11, 2009 10:02am
Quoting henryloving
Please try new EA, change a lot, so I rename it to Henry_EA_4_Gang....
Wow, if this works, major thanks to you!! I had a friend try and code the EA with slope and we couldn't quite get it to work.

I'll report back tomorrow, although I'm sure someone will test before.
  • #2,071
  • Nov 11, 2009 10:11am Nov 11, 2009 10:11am
Quoting vatoslocos
My Orders set to the US Breakout today...

we watch if something happens.....

SlopeLines in 1hour chart = true
Hi Vatoslocos
can you post your trade for Ny break out every day .( after NY box done).

Especially GBP/USD , althought trend is not conform ( or you dont want to enter, cause other indicator not conform) . Please post it after NY box is done.
Cause some time , Im late to analyse again cause my office work.

Thanks
  • #2,072
  • Nov 11, 2009 2:43pm Nov 11, 2009 2:43pm
Quoting henryloving
Please try new EA, change a lot, so I rename it to Henry_EA_4_Gang. But still many thanks to Anthonly's initial version. save me lots of effort.

Hi Henryloving,

i think you have an error in the call of the slope indi:

NormalizeDouble(iCustom(NULL, PERIOD_M30, indiname, 50, 3, 0, 0, 0), Digits);

The second last 0 of all 4 calls should be 2, as 0 refers to the uptrend buffer only whereas 2 refers to the buffer for up- and downtrend.
  • #2,073
  • Nov 11, 2009 4:50pm Nov 11, 2009 4:50pm
strategy 75 15 pips be 30

trade gbp/usd short +75

tota week 75 pips
  • #2,074
  • Nov 11, 2009 10:25pm Nov 11, 2009 10:25pm
Thanks for pointing out this. I will check it when I get off from work.

I also found errors in pending order handling. my pending order is not get deleted overnight. I will check them too.

Quoting pippiee
Hi Henryloving,

i think you have an error in the call of the slope indi:

NormalizeDouble(iCustom(NULL, PERIOD_M30, indiname, 50, 3, 0, 0, 0), Digits);

The second last 0 of all 4 calls should be 2, as 0 refers to the uptrend buffer only whereas 2 refers to the buffer for up- and downtrend.
  • #2,075
  • Nov 12, 2009 3:31am Nov 12, 2009 3:31am
Quoting henryloving
Thanks for pointing out this. I will check it when I get off from work.

I also found errors in pending order handling. my pending order is not get deleted overnight. I will check them too.
I noticed that too.
I guess this is because gOrderNY and gOrderLD are set to 0 in CloseOrders() regardless whether the order was closed or not.
Probably they should be set to 0 only if the order was closed.

I also got an "Order Select Error" on almost every tick. I think this should only be printed if the order could not be selected AND if gOrderLD/gOrderNY is != 0.

Sorry for disassembling your EA

Does anybody have good backtest results incorporating the slope indi ?
Mine are always better without it. Even using the slope indi as exit criteria did not help.
  • #2,076
  • Nov 12, 2009 5:30am Nov 12, 2009 5:30am
Results so far on morning breakout for USD CAD based upon my post # 1978

9 November + 40 pips

10 November No signal

11 November Based upon rules stopped out at breakeven (after reaching 30 pips profit). However having taken 5 hours !! to reach this profit point I sold out + 10 pips when it moved back

12 November + 38 pips (so close to target and overbought so sold out early

So far + 88 pips

Please note I have changed the rules in relation to the sloping lines. I am now using a 15 min chart with 160, 3, 0 and 80, 3, 0 and as long as both lines are pointing in the same direction at the break of the box or on a retracement back to the break of the box (as long as it has not already moved 30 pips) I am entering. I quickly looked back over October and I don't think that this changes the reliability of this set up

Please don't take my word for it you need to confirm for yourself that you are confident that this set up works. GBP USD was also a winning trade this morning
  • #2,077
  • Nov 12, 2009 6:59am Nov 12, 2009 6:59am
Thanks for your testing. This is a very initial version, sure we need extensive test. I have fixed all these issues.

Feature added:
1. If LD session has open trade till NY, do not trade NY.
2. Close all open orders by CloseHourOfOrder

Please enjoy.

Attached File(s)
File Type: mq4 Henry_EA_4_Gang.mq4   9 KB | 1,018 downloads


Quoting pippiee
I noticed that too.
I guess this is because gOrderNY and gOrderLD are set to...
  • #2,078
  • Nov 12, 2009 7:04am Nov 12, 2009 7:04am
I will test 8 pairs(EU, GU, UJ, NU, AU, UCAD, UCHF, EJ) and report result here

I use Gang's rule

1. Trade both LD and NY session (my boker(GMT+2) time 10:30, and 16:30)
2. Using fixed tp: 75 and SL:15, break even to entry at +30
3. Using slope line to determine trade direction
4. Delete pending orders if passing 3 hours but not filled
5. Close orders at 23:00 (my broker time)
6. If LD has order open till NY, do not trade NY

Please wish me luck
  • #2,079
  • Nov 12, 2009 8:56am Nov 12, 2009 8:56am
Quoting henryloving
I will test 8 pairs(EU, GU, UJ, NU, AU, UCAD, UCHF, EJ) and report result here

I use Gang's rule

1. Trade both LD and NY session (my boker(GMT+2) time 10:30, and 16:30)
2. Using fixed tp: 75 and SL:15, break even to entry at +30
3. Using slope line to determine trade direction
4. Delete pending orders if passing 3 hours but not filled
5. Close orders at 23:00 (my broker time)
6. If LD has order open till NY, do not trade NY

Please wish me luck

Sounds excellent, Henry.

EU and GU both looking for shorts, EJ is currently showing one long slope, one short so currently invalid.
  • #2,080
  • Nov 12, 2009 9:07am Nov 12, 2009 9:07am
Dubai,

Would you please post YOUR current trading parameter rules? There are so many other variations that it makes my head swim!
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