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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #2,021
  • Dec 17, 2009 2:37pm Dec 17, 2009 2:37pm
Quoting grant18265
Pippo, Flyer,

i use 4-6 am UK time year round regardless of gmt...

just if your comparing times etc

cheers

Grant

Grant, so you are always 2 hours before London Open as the market always opens 8 am UK time year round. i much prefer session times as you seem to use instead of this GMT stuff and that is even after 13 years in the military.

D***, I hope I got this right this time.
  • #2,022
  • Dec 17, 2009 2:43pm Dec 17, 2009 2:43pm
Quoting flyer415
Grant, so you are always 2 hours before London Open as the market always opens 8 am UK time year round. i much prefer session times as you seem to use instead of this GMT stuff and that is even after 13 years in the military.

D***, I hope I got this right this time.
correct flyer.

always 2 hrs before London open
  • #2,023
  • Dec 17, 2009 2:48pm Dec 17, 2009 2:48pm
Quoting Pippopotamus
April is off, and so is March 31. EDIT: I think using London time as the reference for box hours helps to clarify things. Also, I am not entirely sure that Frankfort open is of no consequence. At any rate, we trade on the basis of performance statistics, and I am sure the principal contributors to this thread have things pretty well figured.
Pippo, I agree using London times makes it easier. I have no doubt that the prinicipal contributors have things pretty well figured out. The purpose of the backtest was to determine performance statistics. I was attempting to take some of the load of certain contributors who appear to always be sharing information for the betterment of others.
  • #2,024
  • Edited 6:36pm Dec 17, 2009 3:56pm | Edited 6:36pm
flyer415, your contributions are well appreciated. I know you are trying to help.
Vincit qui se vincit.
  • #2,025
  • Dec 17, 2009 4:23pm Dec 17, 2009 4:23pm
Pippo,

Ignore my comments. i was frustrated that i messed up the time on the backtest. I have now created winter and summer templates so I never do that again.
  • #2,026
  • Dec 17, 2009 5:14pm Dec 17, 2009 5:14pm
I have been using generic breakout version 5.5 corrected EA and trading on standard brokers. This was working fine. However, when I switched to an ECN broker with Metatrader 4 (Dukascopy) the EA will not work.

Is there a difference between a regular EA and an EA for trading ECN MT4?

What can I do to fix this or where can I get an EA to trade the breakouts on an ECN broker?

Thanks
  • #2,027
  • Dec 17, 2009 6:10pm Dec 17, 2009 6:10pm
Quoting rcbarlow
I have been using generic breakout version 5.5 corrected EA and trading on standard brokers. This was working fine. However, when I switched to an ECN broker with Metatrader 4 (Dukascopy) the EA will not work.

Is there a difference between a regular EA and an EA for trading ECN MT4?

What can I do to fix this or where can I get an EA to trade the breakouts on an ECN broker?

Thanks

There is a difference between EAs for ECNs and non-ECNs. The primary difference being in sending SL with the original order versus sending a modify order command after the fact.

I would suggest that you ask the original programmer to make a quick mod. It is fairly simple and quick mod,
  • #2,028
  • Edited 7:23am Dec 18, 2009 1:32am | Edited 7:23am
I am looking at a strategy for the afternoon box breakout and whilst I know that this should be on the other thread it has become quite dormant and I was wondering if someone here could help. I have listed below what I believe to be the main US economic market moving data releases. I do appreciate that sometimes data that is considered to not be particularily market moving will move the market if it is very different from what has been expected. I am not worried about this I am just trying to figure out the releases that you should always avoid

Please can you tell me:

a) Should anything be added to the always avoid category and if so what is it ?

b) Should anything be removed from this category ?

ALWAYS AVOID

Non Farm Payrolls----------------------------------------------------------------13.30
Consumer Price Index (CPI)---------------------------------------------------13.30
Advance Retail Sales-------------------------------------------------------------13.30
Producer Price Index (PPI)-----------------------------------------------------13.30
Gross Domestic Product--------------------------------------------------------13.30
University of Michigan Confidence-------------------------------------------15.00
Consumer Confidence------------------------------------------------------------15.00
ISM Manufacturing-----------------------------------------------------------------15.00
Interest Rates (FOCM Decision)---------------------------------------------19.15

NOT SURE ?

Durable Goods----------------------------------------------------------------------13.30
Housing Starts----------------------------------------------------------------------13.30
Personal Consumption Expenditure----------------------------------------13.30
Trade Balance-----------------------------------------------------------------------13.30
New Home Sales-------------------------------------------------------------------15.00

All times GMT

Many thanks much appreciated
  • #2,029
  • Dec 18, 2009 2:54am Dec 18, 2009 2:54am
I avoid only NFP, and FOMC news release days. The spikes produced on these days never seem to go in my favor(lol). I know this is a totally unscientific perspective on this issue.
Vincit qui se vincit.
  • #2,030
  • Dec 18, 2009 7:21am Dec 18, 2009 7:21am
Quoting rcbarlow
I have been using generic breakout version 5.5 corrected EA and trading on standard brokers. This was working fine. However, when I switched to an ECN broker with Metatrader 4 (Dukascopy) the EA will not work.

Is there a difference between a regular EA and an EA for trading ECN MT4?

What can I do to fix this or where can I get an EA to trade the breakouts on an ECN broker?

Thanks
Maybe try this EA posted by Amigo, the only one worked for me.
  • #2,031
  • Dec 18, 2009 10:33am Dec 18, 2009 10:33am
Hi,

Does anyone know of an EA that will close pending orders at a predetermined time if they are not activated. That way I can set up my Grant method Breakout Box pending orders and not have to stay up till 3.30 am (I am in Arizona) and manually cancel if they are not hit.

thx guys

N
  • #2,032
  • Dec 18, 2009 11:00am Dec 18, 2009 11:00am
Quoting nickmead
Hi,

Does anyone know of an EA that will close pending orders at a predetermined time if they are not activated. That way I can set up my Grant method Breakout Box pending orders and not have to stay up till 3.30 am (I am in Arizona) and manually cancel if they are not hit.

thx guys

N
you can set it up when setting pending order settings, right below the price
Never whishing, always trading.
  • #2,033
  • Dec 18, 2009 11:09am Dec 18, 2009 11:09am
Quoting Hova
you can set it up when setting pending order settings, right below the price

Thanks much. I cant believe I never noticed that box before

cheers

N
  • #2,034
  • Dec 18, 2009 2:25pm Dec 18, 2009 2:25pm
BestP,

Can you post a screen shot of your setting with the EA.

I.e. what time frame, etc.

Thanks
  • #2,035
  • Dec 20, 2009 10:30am Dec 20, 2009 10:30am
Quoting rcbarlow
BestP,

Can you post a screen shot of your setting with the EA.

I.e. what time frame, etc.

Thanks
I use 2-6 UK time. The main thing is to find the congestion as your zone, you can go through the past periods and find the best time frame with the most congestion soon to breakout. Other settings I did not change. The screen image you see below is based on Target1=30, Target2=60, SL<=60. When the zone is larger than 60, the EA should not enter trade.

I have yet to find the setting for break even. I'm thinking to use a different EA to manage the trade after it is entered.

I started demo this EA from Dec.3. I find when it hits 30, it most time hits 60 as well, so I increased Target2 to 60. The results you see were used +7 buffer, but I have just changed to +10.

The Risk Reward Ratio is still a big concern.

So be careful. I had it run itself this Friday, it was a big loss, lost both directions, which you don't see in the image. I used it on live from Thursday, so lost some real money too.

Anyway, if it was used to trade from Dec 3, and used a consistent lot size, the end results would still be positive so far.
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 61 KB
  • #2,036
  • Dec 20, 2009 1:05pm Dec 20, 2009 1:05pm
Quoting bestp
I use 2-6 UK time. The main thing is to find the congestion as your zone, you can go through the past periods and find the best time frame with the most congestion soon to breakout. Other settings I did not change. The screen image you see below is based on Target1=30, Target2=60, SL<=60. When the zone is larger than 60, the EA should not enter trade.

I have yet to find the setting for break even. I'm thinking to use a different EA to manage the trade after it is entered.

I started demo this EA from Dec.3. I find when it hits 30, it most time...

Would you please attach the mentioned EA ? I dont know if it already is, but if so, please tell me the name

thx
Never whishing, always trading.
  • #2,037
  • Dec 20, 2009 5:34pm Dec 20, 2009 5:34pm
Quoting Hova
Would you please attach the mentioned EA ? I dont know if it already is, but if so, please tell me the name

thx
just look at post #2030 on this page.
  • #2,038
  • Dec 21, 2009 3:57am Dec 21, 2009 3:57am
Quoting bestp
just look at post #2030 on this page.
thx mate !
Never whishing, always trading.
  • #2,039
  • Dec 21, 2009 6:34am Dec 21, 2009 6:34am
Hello everyone,
I am a bit confused about backtesting. It seems everybody uses different EA for back tests. In attached backtests grant used Custom_M15_Box&EMA_Breakout Ea so I wonder does anyone have it or not? Can not find in any breakout threads on this forum.
Cheers
The Road appears under the steps of walking men...
  • #2,040
  • Dec 21, 2009 6:56am Dec 21, 2009 6:56am
soon,

that EA is an old version of RBI's Ea on the big dog thread...

that was the version at the time of testing..

you'll find the latest on the big dog thread...

cheers

Grant
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