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0400-0700 GMT Breakout Strategy

  • #1,601
  • Nov 13, 2009 3:47am Nov 13, 2009 3:47am
Quoting Scullmeister
+30 today, so for the month so far we have 9 trades, 7 wins, 2 losses.

Koco - Please refer to previous posts, all info is there for you. I trade GU.
Scullmeister: and do you trade only GU? Not EU for example?

Today I missed the GU! Damn! However, I couldn't decide, because it started to raise right at 8 GMT and the box was 62 pips already, which is too large (against the rules), so I stood away.
  • #1,602
  • Nov 13, 2009 3:51am Nov 13, 2009 3:51am
Quoting koco
Scullmeister: and do you trade only GU? Not EU for example?

Today I missed the GU! Damn! However, I couldn't decide, because it started to raise right at 8 GMT and the box was 62 pips already, which is too large (against the rules), so I stood away.
Hi those aren't my rules??? Today was valid.
Trade the price action, not the cash!!!
  • #1,603
  • Nov 13, 2009 6:59am Nov 13, 2009 6:59am
Quoting Scullmeister
Ok here are my rules Bobcat and for any other traders out there that are interested. This may not suit all of you, so just take a look. If you like them use them, if you don't, then maybe you can adjust them to suit your own style of trading.

15min timeframe using IG index quick charts
Draw vertical line @ 0500 (which closes at 0515) - London Time
Draw vertical line @ 0700 (which closes at 0715) - London Time
PT = +30
SL = The range of the high and low line, but never exceeding 60 pips.

Let the trades run all day if you have to, however if they...
Hi there,

The rules I have been using for GBP USD early morning trade are posted on the 7am - 9am Big Dog thread. It would be worth comparing them to yours. I am using a smaller stop that you are. Also I used to use IG Index but have found a spread betting firm whose spread on cable is 2 pips
  • #1,604
  • Nov 14, 2009 6:18pm Nov 14, 2009 6:18pm
Hi guys

ok,it's Saturday night and I've got some free time to backtest manually
It's time to share my settings


MY RULES:
Generally I follow fed rules (see the 10 first pages of this thread)
but my buffer is 7 pips for both entries

MY STOPLOSS
look at what I've found on the web:

the attached indi is from a forex-indicators Website and help me to set my SL,it is just an ATR smoothed indicator,very simple to use.
You can set your MoneyRisk percentage on it(mine is 0.5).
Simply place your SL on the Red or Blue line plotted

I really don't know if it has been shared before,forgive me about it.

Now open my chart,it's self-explaining

The colored box comes from ant_GU Breakout indicator(from BIGBANG thread)attached

RESULTS

I think is good to list each daily result,for your better understanding
it's really easy to check out by yourself


SEPTEMBER 2009

1 =+100
2 =+100
3 =+100
4 =+30
5 =-38
8 =+100
9= -65
10= +30
11= -37
14=+30
15 =-38
16 =-50
17 =+30
18 =+100
21 =+30
22 =+100
23 =-25
24 =+100
25 =+100
29 =-62
30 =+100

Total 735 PIPS !!!


NOW
my next step is to find a really good EA to place trades, SL, BE,TP1 and TP2- to set ALL in the morning, and let it go to milk the pips
I've got a demanding job,and I can't stay all the time glued to the Monitor..

Many thanx to fed and tasciy

stay tuned
Attached Image (click to enlarge)
Click to Enlarge Name: Swissforex Chart.jpeg Size: 55 KB
Attached File(s)
File Type: mq4 VoltyChannel_Stop.mq4   10 KB | 493 downloads
File Type: ex4 ant-GUBreakout_V.0.4.1.ex4   13 KB | 498 downloads
Account deleted
  • #1,605
  • Nov 15, 2009 1:40am Nov 15, 2009 1:40am
Hi Swissforex, thanks for sharing your strategy, I don't understand how you did + 100 pips on september 1th ad 2, i had used your box settings, cause it's not same than mine, if you have an chart it will be easy for understand.

thanks

Greg
  • #1,606
  • Nov 15, 2009 2:44am Nov 15, 2009 2:44am
Quoting swissforex
Hi guys

ok,it's Saturday night and I've got some free time to backtest manually
It's time to share my settings


MY RULES:
Generally I follow fed rules (see the 10 first pages of this thread)
but my buffer is 7 pips for both entries

MY STOPLOSS
look at what I've found on the web:

the attached indi is from a forex-indicators Website and help me to set my SL,it is just an ATR smoothed indicator,very simple to use.
You can set your MoneyRisk percentage on it(mine is 0.5).
Simply place your SL on the Red or Blue line plotted......

stay...

Hello

I am about to use ant-gubrekout indicator for first time....I am in NY East time zone ...in setup: What is GMTshift 3 then start at 14:00 end at 16:00?
The Market pays you to be disciplined
  • #1,607
  • Nov 15, 2009 10:57am Nov 15, 2009 10:57am
Quoting fed
hi olie, my back test showed there were not loosing months as far as I remember that is why I am so confi about it. Last night I made alot of pips with both pairs g/u, g/j. I had a charting package called eSignals before with that I was able to go back all the way to 1980s and I have checked the price action and yes back then it had breakouts, it had trend lines, retracements.... etc etc. with that chating pack I was able to back test mid 2007 if I remember correctly.
Hi,
To Fed and anyone else using his (2-5GMT) breakout, after the daylight savings switch happened in October, what time frame are you guys using? 3-6, 2-5, 2-6? I had a look at the charts and think 2-6 is the better performing of the lot. What do you guys think?
  • #1,608
  • Nov 15, 2009 4:32pm Nov 15, 2009 4:32pm
Quoting gregart
Hi Swissforex, thanks for sharing your strategy, I don't understand how you did + 100 pips on september 1th ad 2, i had used your box settings, cause it's not same than mine, if you have an chart it will be easy for understand.

thanks

Greg
Hi Greg
My inputs for the indi :

GMT Shift 0
Start 2:00
End 5:00

Timeframe 30
my Server +1 GMT
hope it helps

Now I'm workin on new settings for actual daylight ST and I've changed all my colored boxes .
I do believe only in manual backtesting


and still searching for EA to manage TakeProfit 1 and TakeProfit2 ..
Account deleted
  • #1,609
  • Nov 15, 2009 4:46pm Nov 15, 2009 4:46pm
Quoting mima
Hello

I am about to use ant-gubrekout indicator for first time....I am in NY East time zone ...in setup: What is GMTshift 3 then start at 14:00 end at 16:00?
Hi

NewYork local time = -5 GMT
my GMT settings are 2-5
if u wanna follow my GMT settings,your inputs should be:

GMT shift -5
Start 02:00
End 05:00

I strongly suggest you to backtest manually and find your own GMT settings

Read the first 10 pages of this thread,do backtesting and work to find and follow your style

Your Broker makes the difference-never forget about it

hope it helps
Account deleted
  • #1,610
  • Nov 15, 2009 4:51pm Nov 15, 2009 4:51pm
Quoting kc0793
Hi,
To Fed and anyone else using his (2-5GMT) breakout, after the daylight savings switch happened in October, what time frame are you guys using? 3-6, 2-5, 2-6? I had a look at the charts and think 2-6 is the better performing of the lot. What do you guys think?
3 -6 GMT
Account deleted
  • #1,611
  • Nov 16, 2009 1:56am Nov 16, 2009 1:56am
anyone GBP/USD on long this morning?
  • #1,612
  • Nov 16, 2009 1:58am Nov 16, 2009 1:58am
Quoting koco
anyone GBP/USD on long this morning?
yes me
  • #1,613
  • Nov 16, 2009 2:02am Nov 16, 2009 2:02am
Quoting amido
yes me
amido: which entry please?
  • #1,614
  • Nov 16, 2009 2:13am Nov 16, 2009 2:13am
Quoting koco
amido: which entry please?
149.97
u?
  • #1,615
  • Nov 16, 2009 2:51am Nov 16, 2009 2:51am
Hi,

Wonder if someone can confirm if I got the box corrected today? I have for GU 1.6703 low to high of 1.6742. Is this correct? If so, then today we have a loss right cause price retraced below 1.6700 as I type this.

Thanks.

Quoting koco
anyone GBP/USD on long this morning?
  • #1,616
  • Nov 16, 2009 3:06am Nov 16, 2009 3:06am
Quoting amido
149.97
u?
amigo, that's not gbp/usd price..., have you mistaken?
  • #1,617
  • Nov 16, 2009 3:10am Nov 16, 2009 3:10am
Quoting SeaPip
Hi,

Wonder if someone can confirm if I got the box corrected today? I have for GU 1.6703 low to high of 1.6742. Is this correct? If so, then today we have a loss right cause price retraced below 1.6700 as I type this.

Thanks.
I have a sell on GU 1.6703, but the GU is making me mad, still ranging around...
  • #1,618
  • Nov 16, 2009 3:19am Nov 16, 2009 3:19am
Didn't it breaks above 6742? My chart showed that the high is at 6749? So isn't the buy would take us in the trade already? Which mean we lost today cause price retrace back beyond the bottom of the box range.


Quoting koco
I have a sell on GU 1.6703, but the GU is making me mad, still ranging around...
  • #1,619
  • Nov 16, 2009 3:42am Nov 16, 2009 3:42am
Yes, lost for me as well, GBPUSD retraced after order was triggered at 1.6748.

I've taken the short at 1.6697, will see what happens.
  • #1,620
  • Nov 16, 2009 5:23am Nov 16, 2009 5:23am
Loss for me as well. Price reversed at 8:00. Anyone winners out there?
Failure is NOT an option
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