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7am-9am Big Dog USD Breakout Strategy

  • #2,141
  • Nov 16, 2009 9:16pm Nov 16, 2009 9:16pm
Sorry for the double post.

Rbi, here's a pic of what should have been an open Short trade. The EMA5 line is clearly past the 5 pips buffer line (shown by the yellow line), but still no trade. I've double checked the settings and they all match what you said to do. Any suggestions?
Attached Image (click to enlarge)
Click to Enlarge Name: ema5.gif Size: 22 KB
  • #2,142
  • Nov 16, 2009 10:29pm Nov 16, 2009 10:29pm
Hello guys
A prefect setup on GU.
Do you got it?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
Follow the rules and be successful.
  • #2,143
  • Nov 17, 2009 12:37am Nov 17, 2009 12:37am
Can anyone help me here.

I'm testing EA, but it keeps opening 2 orders at the same time even though I have Max Orders set to 1.

Also it does not take profit, but kick back to buy/sell level with 0 profit.

I have attached 2 images to explain what I'm saying. Is it a setting that I'm missing?
Attached Image (click to enlarge)
Click to Enlarge Name: box_ea_orders.gif Size: 9 KB
Attached Image
  • #2,144
  • Nov 17, 2009 12:46am Nov 17, 2009 12:46am
Quoting massive
On Page 115 Post 1714 Rbi wrote:

[color=black][font=Verdana]Just programmed an EA....
So far I have is this programmed in the EA for the managment of trades:....

Trades
- 2 trades open
- trade 1 has a set TP
[color=black][font=Verdana][i]-...

1. This EA is a complete Rewrite from the original... I am working on these but they may take a while.

2. It is an EMA... the only reason I generalized is because I was going to add the option to change it... i'll add it to the next version

3. this EA is based on a 5-digit broker... I use Alpari UK... all you 4 digit ppl let me know if you have issues... haven't done anthing 4 digit yet.

4. all Clock settings are Broker time, you'll have to figure out the GMT.


As for your trade that wasn't initialized... one of the other filters may have stopped this trade... I have yet to put a reporting system into this but I'll probably put that in for next version... PM me the GMT time of your box and I'll test it for ya see what happened
  • #2,145
  • Nov 17, 2009 1:16am Nov 17, 2009 1:16am
Quoting massive
Sorry for the double post.

Rbi, here's a pic of what should have been an open Short trade. The EMA5 line is clearly past the 5 pips buffer line (shown by the yellow line), but still no trade. I've double checked the settings and they all match what you said to do. Any suggestions?

the clock on the top right looks nice
mind sharing that indicator?
  • #2,146
  • Nov 17, 2009 4:05am Nov 17, 2009 4:05am
Quoting deathbait
the clock on the top right looks nice
mind sharing that indicator?
Try this clock, also very nice.
Attached File(s)
File Type: mq4 Clock_v1_2.mq4   18 KB | 521 downloads
  • #2,147
  • Nov 17, 2009 7:20am Nov 17, 2009 7:20am
Well with an hr to go, everything is looking short. Upcoming US news will make it's mark for sure.
  • #2,148
  • Nov 17, 2009 8:57am Nov 17, 2009 8:57am
@Rbi,

Thanks for the replies. I look forward to see the next version. Those filters from the original look really very interesting.

I'm still not sure why no trade was taken. A friend is here with me and his EA worked fine and we have identical settings. We're both puzzled as hell.

In the next version could we see a box set up more like the NYBox or the antGUBreakout indicators? In other words, mods that would show the pip buffer in a different color, plus show the Hi/Low pip range and overall height in pips.

Again, many thanks for all your time and effort!
  • #2,149
  • Nov 17, 2009 8:58am Nov 17, 2009 8:58am
Many thanks to RBI for the EA. What time frame does it go on? 15 or 30. What pair are most people using it on. I really like the addition of the 5 ema.

thx

N
  • #2,150
  • Nov 17, 2009 11:44am Nov 17, 2009 11:44am
i have serious problem ... i read whole topic and im really confused.

Can anyone post image with last GBP/USD chart with correct 0400-0700gmt box ? Thank You.
  • #2,151
  • Nov 17, 2009 5:53pm Nov 17, 2009 5:53pm
Quoting sopel
i have serious problem ... i read whole topic and im really confused...
Then do like I do and read it again. And again. And...
  • #2,152
  • Nov 17, 2009 8:36pm Nov 17, 2009 8:36pm
Hello,
Your breakout EA looks very interesting. I have a question. I notice by default the box opens at 6.00 and closes at 9.15, Is this GMT or does it automatically adjust for server time. I am with FXDD which is GMT +2, do I need to change anything

thx for you time


Its server time... you will need to adjust.... please post this answer on the thread.
  • #2,153
  • Nov 17, 2009 9:29pm Nov 17, 2009 9:29pm
This doesn't work for me.. I have a lot of false breakout that make me loss some money..
  • #2,154
  • Nov 17, 2009 9:44pm Nov 17, 2009 9:44pm
Quoting sopel
i have serious problem ... i read whole topic and im really confused.

Can anyone post image with last GBP/USD chart with correct 0400-0700gmt box ? Thank You.
Wrong thread for a starter

This is for 0700-0900 EST.

You need to read the first page carefully and slowly, this will explain what's going on and where and when.

Secondly, you need to install the indicator if you want to use that, or as the first page suggests, draw lines at the specific times. This will give you your box.

As the thread has developed, a few members have added a few indicators to combat false breakouts. It's just a matter of finding which ones suit you.
  • #2,155
  • Nov 18, 2009 2:29am Nov 18, 2009 2:29am
Yesterday, the box got TOTALLY destroyed--BOTH stops got whipsawed costing a fortune--but NOT for me!

As an additional filter, I NEVER open a trade if price is less than 25 pips away from 100 SMA or 200 SMA...which it was yesterday.

The reason for staying aside when price trades near mentined SMAs is because these SMAs act as moving support/resistance levels, which inevitably means that the market will be changing trends, pausing, ranging, breaking there - in other words, producing all kinds of shifts and moves, except for the most desired one for us - trending.

I hope some of you can use this additional filter. Kind regards. ashane
  • #2,156
  • Nov 18, 2009 4:05am Nov 18, 2009 4:05am
Quoting ashane
Yesterday, the box got TOTALLY destroyed--BOTH stops got whipsawed costing a fortune--but NOT for me!

As an additional filter, I NEVER open a trade if price is less than 25 pips away from 100 SMA or 200 SMA...which it was yesterday.

The reason for staying aside when price trades near mentined SMAs is because these SMAs act as moving support/resistance levels, which inevitably means that the market will be changing trends, pausing, ranging, breaking there - in other words, producing all kinds of shifts and moves, except for the most desired one...
The standard box with 10 pip buffer never got breached for me so no trades either way.
  • #2,157
  • Nov 18, 2009 6:54am Nov 18, 2009 6:54am
This is my 5 m chart eur usd this morning
GMT +1
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd chart.gif Size: 111 KB
  • #2,158
  • Nov 18, 2009 7:12am Nov 18, 2009 7:12am
Quoting Pierre
This is my 5 m chart eur usd this morning
GMT +1

nice looks like you had a nice run this morning
  • #2,159
  • Nov 18, 2009 8:48am Nov 18, 2009 8:48am
hi guys, I use a 20 pip buffer for g/j and 15 pip buffer for e/u and g/u. Stilll get whip saw once in a while. Looking for an additonal safeguard. Will read over the posts here --cheers
  • #2,160
  • Nov 18, 2009 8:51am Nov 18, 2009 8:51am
Ashane, 25 pips away from a 200 sma -- I looked at it today and I find the distance away from the box can be great. It looks like you would miss a ,ot of opportunities. This is a break out method not a range method. How has your approach worked so far --cheers.
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