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GbpUsd 5 min breakout

  • #181
  • Dec 17, 2009 5:20am Dec 17, 2009 5:20am
Quoting arrowloopboy
Not liking the size of that spread this morning,going to look at Eur/Usd at 8 instead,its being doing o.k
System worked a treat on eur/usd this morning with a more managable spread of 38 pips,i like it ,i like it alot
  • #182
  • Dec 17, 2009 5:41am Dec 17, 2009 5:41am
Quoting arrowloopboy
System worked a treat on eur/usd this morning with a more managable spread of 38 pips,i like it ,i like it alot

which 2 candles are u using ? i got a spread of 52 incl. buffer size of 10 on each side
Never whishing, always trading.
  • #183
  • Dec 17, 2009 7:22am Dec 17, 2009 7:22am
Quoting Hova
which 2 candles are u using ? i got a spread of 52 incl. buffer size of 10 on each side
The 8 to 8.10 i.e one hr after the cable set up 17pip spread plus 10 and 10 .
  • #184
  • Dec 17, 2009 7:40am Dec 17, 2009 7:40am
Quoting arrowloopboy
The 8 to 8.10 i.e one hr after the cable set up 17pip spread plus 10 and 10 .
alright i got it my GMTshift was wrong :o thx!
Never whishing, always trading.
  • #185
  • Dec 18, 2009 2:56am Dec 18, 2009 2:56am
Box 2 big for me today, 91 pips.

see ya'all next week
Never whishing, always trading.
  • #186
  • Dec 18, 2009 3:30am Dec 18, 2009 3:30am
Quoting Hova
Box 2 big for me today, 91 pips.

see ya'all next week
it doesn't look 91 pips to me... 8.00 to 8.10 is GMT+1 time
it seems that you looked at 9.00 to 9.10 GMT

I set it up 8 GMT +1 and got 42 pips

btw the candles to watch should be 3

8.00 GMT+1
8.05 GMT+1
8.10 GMT+1

unless I missundertood Cain the time should be from 8.00 to 8.14 GMT+1
  • #187
  • Edited 4:45am Dec 18, 2009 4:45am | Edited 4:45am
It should be 7.00-7.10 GMT

So the range of the 7.00 and 7.05 5m candle.

For simplicity I have mine set up on a 10 min chart so it is just the high and low of the 7.00 candle

Another nice easy win today.
  • #188
  • Dec 18, 2009 4:57am Dec 18, 2009 4:57am
in a nut shell the frankfurt opening 10 mins do you research to find out what your local time is at the time of frankfurt (forex 101)
then sit back a enjoy the cash

Quoting scorpion
It should be 7.00-7.10 GMT

So the range of the 7.00 and 7.05 5m candle.

For simplicity I have mine set up on a 10 min chart so it is just the high and low of the 7.00 candle

Another nice easy win today.
  • #189
  • Dec 18, 2009 5:10am Dec 18, 2009 5:10am
Quoting Cain
- Draw a box over the 8.00 and the 8.10 candles on a clean 5 min chart (GMT +1, for more information on timezone conversion go to http://www.timeanddate.com/worldclock/converter.html).
So i think it should be 7.00 and 7.10 GMT

easy as that, damn, this would have been a nice day -_-
Never whishing, always trading.
  • #190
  • Dec 18, 2009 6:21am Dec 18, 2009 6:21am
Quoting Hova
So i think it should be 7.00 and 7.10 GMT

easy as that, damn, this would have been a nice day -_-
Yes Hova ,i was out in an hour,job done
  • #191
  • Dec 18, 2009 6:39am Dec 18, 2009 6:39am
Quoting Hova
So i think it should be 7.00 and 7.10 GMT

easy as that, damn, this would have been a nice day -_-
OK, Cain said draw the box around 8.00 and 8.10 on 5M using GMT +1
if we use GMT is 7.00 to 7.10

Now the question, the candle at 8.10 should be included or not ?
if yes the candle begin at 8.10.00 and ends at 8.14.59.

please Cain clarify this.

thanks
  • #192
  • Dec 18, 2009 8:18am Dec 18, 2009 8:18am
I just love breakout threads. They all end up having nothing to do with the underlying strat and everything to do with the ability to tell time.
  • #193
  • Dec 18, 2009 8:53am Dec 18, 2009 8:53am
Quoting Cain
I place my orders at 0715 GMT, London opens at 0800 GMT and Frankfurt opens at 0700 GMT.

more info: http://forex.timezoneconverter.com/i...=GMT&refresh=5


This technique takes advantage of the opening of the Frankfurt market.



Many pips to all...
none more 2 say

Quote
OK, Cain said draw the box around 8.00 and 8.10 on 5M using GMT +1
if we use GMT is 7.00 to 7.10

Now the question, the candle at 8.10 should be included or not ?
if yes the candle begin at 8.10.00 and ends at 8.14.59.

please Cain clarify this.

thanks

Start : 07:00
End : 07:10

so that are 3 candles :

07:00-07:05
07:05-07:10
07:00-07-15

place pending orders @ 07:15 GMT
Never whishing, always trading.
  • #194
  • Dec 18, 2009 10:24am Dec 18, 2009 10:24am
If I looked at the chart right both positions were winners today. Good shooting.
  • #195
  • Dec 18, 2009 10:30am Dec 18, 2009 10:30am
Yes your right. This time i was in too

have a nice weekend
Never whishing, always trading.
  • #196
  • Dec 18, 2009 10:50am Dec 18, 2009 10:50am
Hi guys,

Question for Cain - or anyone else who knows the answer.

I've done this three days so far (since I saw the system) and come into profit on each day (huzzah!).

My question is, if the first stop is the one that brings you profit, do you still leave the other one in for the whole day or delete it?

So if I put a buy and a sell ready for the price move and the buy gets hit and takes out my TP as well (perfect) - do I still leave the sell stop in?

Thanks,

Pushers
  • #197
  • Dec 18, 2009 11:54am Dec 18, 2009 11:54am
Read the first post
Quote
- One order does not cancel the other.
have a nice day =)
Never whishing, always trading.
  • #198
  • Dec 18, 2009 12:59pm Dec 18, 2009 12:59pm
Hi all,
I'm making an EA in order to make the backtest easier,
I will add some parameters to set a max and min size of the box before trading so we can stay out when the bos is too big.

I'm almost done and when it's ready I'll post the EA here.

I home I will have some times during the weekend so I can finish it.

have all a nice weekend.
  • #199
  • Edited Dec 19, 2009 1:54am Dec 18, 2009 1:15pm | Edited Dec 19, 2009 1:54am
Is there a way to automatically double the second order when the first order is a loss, instead of watching the chart for hours?
  • #200
  • Dec 18, 2009 2:19pm Dec 18, 2009 2:19pm
Quoting mrpipp
Is there a way to automatically double the second order when the first order is a loss, instead of watching the chart for hours?
I hope Lanzio's EA can do that
Never whishing, always trading.
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