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0400-0700 GMT Breakout Strategy

  • #1,661
  • Nov 19, 2009 9:30am Nov 19, 2009 9:30am
I see what you mean. For some reason both, Nov 12 and 17, show good entries on my chart in accord with the Slope Direction lines Indicator set at 25 and 50.

Thanks for your reply anyways!

Quoting matlobien
Hi

12 and 17 November would not have been valid trades with Dubai's slopes.

The 4 winners was on 3,4,9 and 13 November.

  • #1,662
  • Nov 20, 2009 12:23pm Nov 20, 2009 12:23pm
Quoting Artifiz
I did the research based on a 4-6 gmt time box breakout on the 15 min chart. 85ema and 200 sma for trend direction. I ignored the boxes crossed in by 85 ema and/or the 200 sma. Watched for same day support and resistance. I recorded the results the old fashion way, pen and paper. I should had done an excel sheet, but I only wanted to see if the method was worth the investment as I never traded breakouts.. Some months were better than others. All I can say every month returned a positive result of at least 160 pips which is enough for me. Hope it...
Hello
I'm still workin' hard to find the best set up for this system,and I'll be happy to share my results here

Could You please upload(or PM) your template with your loaded indicators?
And what pairs did you tested?

thanx
Account deleted
  • #1,663
  • Edited 11:46am Nov 22, 2009 11:01am | Edited 11:46am
I am using a 85 EMA Channel with a 4 to 6 GMT box (it works better "for me"). I am with FXDD GMT +2 I only trade the G/U pair. Good Luck!

Quoting swissforex
Hello
I'm still workin' hard to find the best set up for this system,and I'll be happy to share my results here

Could You please upload(or PM) your template with your loaded indicators?
And what pairs did you tested?

thanx
Attached Image (click to enlarge)
Click to Enlarge Name: Template426gmt1.jpg Size: 96 KB
Attached File(s)
File Type: tpl 15 min 4 to 6gmt.tpl   132 KB | 504 downloads
File Type: mq4 b-clock.mq4   2 KB | 397 downloads
File Type: mq4 Daily_High_Low .mq4   3 KB | 476 downloads
File Type: mq4 i-ParamonWorkTime.mq4   5 KB | 444 downloads
  • #1,664
  • Nov 23, 2009 1:42am Nov 23, 2009 1:42am
Good morning

All 3 indicators are blue this morning.

So if price breaks 1.6581 you have high probability to get 30 pips.

Good luck.

  • #1,665
  • Nov 23, 2009 3:46am Nov 23, 2009 3:46am
Quoting matlobien
Good morning

All 3 indicators are blue this morning.

So if price breaks 1.6581 you have high probability to get 30 pips.

Good luck.

+30 pips bagged already for me.

Good luck traders............
Trade the price action, not the cash!!!
  • #1,666
  • Nov 23, 2009 4:55am Nov 23, 2009 4:55am
Quoting Scullmeister
+30 pips bagged already for me.

Good luck traders............
Yip. A good start to the week.

  • #1,667
  • Nov 23, 2009 12:43pm Nov 23, 2009 12:43pm
Quoting Scullmeister
Bugger i always do this. For the Long, use buffer of 10 and the Short use 7, sorry. ARGGHHHH!!!!!
so if i use your system on mt 4, and lets say right now g/u is 1.6601/05 on the chart, if i use 10 as a buffer for long, do i place the order at 1.6605 + 10 pips = 1.6615 which is ask price and the quote would be 1.6611/15 but on the chart, the price will show below 1.6615, or do i still need to add the spread, 1.6619 instead of 1.6615 for long, that means bid/ask becomes 1.6615/19? which one is correct?
  • #1,668
  • Nov 23, 2009 12:45pm Nov 23, 2009 12:45pm
yep good monday too, TP1 31 pips, TP2 75 pips hit, TP3 closed manual to 75 pips too, (cause didn't hit his 100 pips)
  • #1,669
  • Nov 23, 2009 1:01pm Nov 23, 2009 1:01pm
Quoting gregart
HI,

5 -7:15 am Alpari UK time
SL 30
TP 1: 31 - TP 2: 75 (but could be 90 and 150)
move SL to BE @31
buffer long & short: 7
close all open trades at 18 pm
trade mondays only
OCO orders if buy and sell pending orders
ema 90

if you need all settings, you can find it on my previous post whis backtest.
this monday was not trade for me cause ema was far above box, only sell pending not triggered

cheers

Greg
hi, i cannot find your setting, can u tell me which post did u put ur setting was for g/u, thanks?
  • #1,670
  • Edited 1:25pm Nov 23, 2009 1:19pm | Edited 1:25pm
yep a nice trending breakoutfor the g/u this morning was in it with another system too earlier, but got +25 pips then +60 and +75 on 3rd position lovely start to the week. Didnt trade the NY box today as we had had such a steady uptrend to it from the London open.

Matlobien when you say all 3 indicators are blue do u mean the emas 85 and sma 200 or are you refering to the slope indicator, would u mind posting it on this forum to save some time searching it amongst the rest of the forums on FF, by that i mean the slope indicator as obviously moving averages are a standard indicator on MT4

many thanks
  • #1,671
  • Nov 23, 2009 2:49pm Nov 23, 2009 2:49pm
hi all

i have been following this thread for a while and this is my first post on this site - in fact i am new to forex - only a few months.

I am a little confused on how to use the 85ema. On my 15 minute chart in the gbp/usd this am 4 - 6 am gmt the 85 ema was straight through the box - i took this as a signal not to trade.

I thought trades should only be taken in the direction of the 85ema when it is above or below the box

any help much appreciated
  • #1,672
  • Nov 23, 2009 4:50pm Nov 23, 2009 4:50pm
Quoting Artifiz
I am using a 85 EMA Channel with a 4 to 6 GMT box (it works better "for me"). I am with FXDD GMT +2 I only trade the G/U pair. Good Luck!
Thank you for sharing,Artifiz

Actually I'm absolutely papertrading

I do not trade when I just have got 2-3 positions opened

I'm happy to see this system is SOLID and other Traders here are makin' PIPS
Account deleted
  • #1,673
  • Nov 23, 2009 11:28pm Nov 23, 2009 11:28pm
Quoting kiwiduvet
yep a nice trending breakoutfor the g/u this morning was in it with another system too earlier, but got +25 pips then +60 and +75 on 3rd position lovely start to the week. Didnt trade the NY box today as we had had such a steady uptrend to it from the London open.

Matlobien when you say all 3 indicators are blue do u mean the emas 85 and sma 200 or are you refering to the slope indicator, would u mind posting it on this forum to save...
Hi

The 3 indicators are the 85 EMA that Grant already posted here and the 25 and 50 slope indicators that was posted by DubaiTrader on the 7 to 9 Big Dog thread.

Please ask DubaiTrader if we can get permission to post it here.

  • #1,674
  • Nov 24, 2009 12:58am Nov 24, 2009 12:58am
No problem guys: Hope you find it useful.
Attached File(s)
File Type: ex4 Slope Direction Line.ex4   4 KB | 472 downloads
  • #1,675
  • Nov 24, 2009 1:13am Nov 24, 2009 1:13am
Quoting DubaiTrader
No problem guys: Hope you find it useful.
Thanks mate.

Everything is red this morning.

Let's see.

  • #1,676
  • Nov 24, 2009 4:42am Nov 24, 2009 4:42am
Quoting matlobien
Thanks mate.

Everything is red this morning.

Let's see.

Looking good, +30 for me.
Trade the price action, not the cash!!!
  • #1,677
  • Nov 24, 2009 4:47am Nov 24, 2009 4:47am
Quoting Scullmeister
Looking good, +30 for me.
Good work scull. What I'm finding is if London 'breaks out' then the NY box very rarely becomes a decent trade. So, stop nicking the decent trades!!!
  • #1,678
  • Nov 24, 2009 5:10am Nov 24, 2009 5:10am
Hi Scull,

Have been following the brakeout strategy for a while and have adopted your settings as a test for this month, but am confused as to how you have won today?

My low is on the 0715-0730 candle at 522.3. Minus 7 gives an open at 515.3, which mean the trade is still live.

I may have missed a post further with a change, so apologies if this is a stupid question,

Thanks,

al
  • #1,679
  • Edited 7:13am Nov 24, 2009 6:56am | Edited 7:13am
Quoting AlinCairo
Hi Scull,

Have been following the brakeout strategy for a while and have adopted your settings as a test for this month, but am confused as to how you have won today?

My low is on the 0715-0730 candle at 522.3. Minus 7 gives an open at 515.3, which mean the trade is still live.

I may have missed a post further with a change, so apologies if this is a stupid question,

Thanks,

al
Hey AlinCairo

Wich pair??? GU...?
If i look the Low is @ 1.6523 so is set the short Order @ 1.6514 (7pips buffer + spread)
open Order on 10.30h bar... It goes down to 1.6496.
So if there is no BreakEven or TP the Order still run.

I agree with that AlinCairo
  • #1,680
  • Nov 24, 2009 9:42am Nov 24, 2009 9:42am
Quoting Scullmeister
Looking good, +30 for me.
Hey Scull.... Do you also use a Setup for the NY Breakout or some other pairs??

What so you think about the post that i wrote before....??


What is your profit from Oktober, 1st to November 24th??
i´ve made an manuel Backtest on GPD/USD
Result:
12 Losts: 477pips
22 Wins: 660 pips
Profit: 183 pips

Setup:
SL: Range (maximum 40pips)
TP: 30 pips


many questions... i hope you get some free minute to answer them...

THX

vatoslocos
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