7am-9am Big Dog USD Breakout Strategy

Quoting Indyfx

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Hi Sebastian,

I think that you will find that people have adapted the original rules to suit their own trading style. My approach to taking profit and breakout on GBP USD is in post # 2109 and # 2191

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Quoting wa888

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Hai INDI.

I am only trade in GBP/USD (GU).
My time trading after NYBOX done,
My broker time 1800 = 1600 GMT or GMT +2.

Im also read your rules and your post, but Im still confused cause I newbie.
here my question ( based on GBP/USD only )

1, there is 2 time time box (london and NY )
IF london box break and trade in there ( no matter the result).
Are We still consider to trade NYBOX ? or quit (cause of win or loss in London box).

2. Can you post rules only in GBP/USD trade for NYBOX.
also indicator used on it .(cause Im only trade in this...

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Quoting Indyfx

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Hi,

My rules for the New York session for GBP USD are in posts # 2109 and post # 2191. I have not found any reason why if you have a signal during the London session that you cannot also trade a valid signal during the New York session. However what tends to happen is if there is a signal in London (like most of this week) there tends not to be a signal for the New York box. I hope that this helps

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Quoting wa888

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Thanks for quick answer ...

Can you post the indicator again ( Slope indicator ) that you are using with corect setting .

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Quoting Indyfx

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I have been amazed by how effective the slope indicated is (a big thanks to Dubai for bringing that to my attention). It is very effective at assisting you with trading the trend... the win to loss percentage is very high...

If you read the posts you will see that I do not operate a trailing stop... The initial move is the amount of pips it moved in the correct direction before going back to the entry point and I use it to determine the best point to move the stop to breakeven.

... in setting the parameters for my system I have tried to balance...

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Quoting DubaiTrader

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wa888- Click on the paper clip next to the page numbers. You'll find the slope indicator on the first page.

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Quoting DubaiTrader

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If you had combined GU breakout in the morning London session with EU breakout for NY, you'd be sat on 510 pips. I'm not a huge fan of quoting pip totals as they mean nothing without knowing position sizing. So, if using a 5% risk per trade you would have gained 85% of your account without compounding! Or if 5% is a little too rich, 3% risk would of yielded 51% gain. Very handsome indeed.

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Quoting wa888

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any valid signal for GU after NYbox or waiting after US data ?

thanks

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Quoting DubaiTrader

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1.6615 Long.

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Quoting henryloving

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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.

Attachment

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Quoting DubaiTrader

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If you had combined GU breakout in the morning London session with EU breakout for NY, you'd be sat on 510 pips. I'm not a huge fan of quoting pip totals as they mean nothing without knowing position sizing. So, if using a 5% risk per trade you would have gained 85% of your account without compounding! Or if 5% is a little too rich, 3% risk would of yielded 51% gain. Very handsome indeed.

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double getLots(double stop, double risk, string symbol) 
{
   double l,
          val = MarketInfo(symbol, MODE_TICKVALUE),
          size = MarketInfo(symbol, MODE_TICKSIZE);
          
   int digits = MarketInfo(symbol, MODE_DIGITS);
          
   int mult = MathPow(10,digits),
       ecn = 1;
   if(digits==3||digits==5) ecn = 10;
   
   Print("Tick: " + MarketInfo(symbol, MODE_TICKVALUE));
   Print("Stop: " + stop);
   Print("Risk: " + risk);
   Print("Balance: " + AccountBalance());
   Print("Value: " + ((val / size) * (Point * ecn)));
   
   l = NormalizeDouble(AccountBalance()*risk/(stop * mult)/((val / size) * (Point * ecn)),2);
   Print("Lots: " + l);
   return(MathMin(MarketInfo(symbol,MODE_MAXLOT),l));
}

Quoting LucidObscuri

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Amen! Pips are a useless figure to point out alone. I've always found it funny how everyone seems to quote everything in pips. I hope they don't all manage their money in pips as well!

Anyway, good job bringing up percentages as this will hopefully help out some noobs who've been inundated with all this talk of pips.

To all noobs who've found this thread:

1) Decide how much you want to risk (say 2% of your account)
2) Decide how far your stop loss will be (don't forget to add the spread)
3) Determine how many whole, mini, micro, nano lots...

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Quoting pflantzdog27

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Using the following criteria with the EUR/USD pair, here are the results for November:
Big Dog Strategy (7am-9am Box) Using a 15 minute time frame, with the last candle closing at 9:14:59.
Three entry orders 5 pips from the top or bottom of the box’s range.
Entry 1 = TP 15
Entry 2 = TP 30
Entry 3 = TP 45

I place stop losses for all three orders 15pips from entry point.
First profit target hits, I move all SLs to break even. Second profit hits, move last SL to first profit target.

As I live in Shanghai, and work a full time job, often...

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