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0400-0700 GMT Breakout Strategy

  • #2,081
  • Jan 7, 2010 7:28am Jan 7, 2010 7:28am
Quoting Misiacyk
Scullmeister - so your only filter is 10 and 7 pips of buffer?
You place two orders and wait for one to be activated and then you delate oposite one, or you leave two orders and it's possible for both of them to be activated?

Misiacyk
Hi - i close the opposite side, but i am looking at keeping both open, will monitor for 3 months then let you know my findings. Just 10 and 7 buffers.

Win today.
Trade the price action, not the cash!!!
  • #2,082
  • Jan 7, 2010 3:55pm Jan 7, 2010 3:55pm
Quoting maq
for grant today was no trade as the 85ema was in the box
Yeah I know, it was from yesterday, but I only had time to reply this morning.
  • #2,083
  • Jan 7, 2010 8:51pm Jan 7, 2010 8:51pm
I cant get any of the Expert Advisors to work on this thread. They produce no backtest results for me, could someone kindly post an EA that works.

Thanks
Annoying Precision
  • #2,084
  • Edited 3:56am Jan 8, 2010 3:17am | Edited 3:56am
Yesterday, I got stopped out on my trade as i only had a 30 pip SL. If i had widened it as per Scully then I would have been succesful.

Today, I widened it as per Scully and closed for a 65 pip gain.

EDIT: I used the 4 to 6 box instead of the 5 to 7 box. Yes I do realize that Scully uses 5 to 7. i did have a substantial DD on the 4 to 6 box of about 30 pips. In the 5 to 7 box there did not appear to be any DD. I closed due to the GBP news coming up.

INDYFX: Any chance you have stats on DD on the two box times.
  • #2,085
  • Jan 8, 2010 3:42am Jan 8, 2010 3:42am
yep the 5-07.15 method worked again +25 +50 and still one open at around the + 80 pips level, make hay while the sun shines, i also use the method as taguht to me by theNY box orginator of the thread check the upper time frames so i always check the H1 and H4 Charts for trend
  • #2,086
  • Jan 8, 2010 4:18am Jan 8, 2010 4:18am
Hope you guys enjoyed trading my strategy this week,1 loss, 4 wins, +80 for the week.

Have a cracking weekend!
Trade the price action, not the cash!!!
  • #2,087
  • Jan 8, 2010 5:19am Jan 8, 2010 5:19am
I have 2 currency pairs.
EurouSD, and gbd USD.
Is it to be had better only one?
Today with, gbd USD I was with 50 pips in plus.
Unfortunately, euro USD has cost me to 50 again pips.
What nedeutet with break-out strategie puffer?
thank you steve
  • #2,088
  • Jan 8, 2010 6:11am Jan 8, 2010 6:11am
Sorry do not understand your question?
Trade the price action, not the cash!!!
  • #2,089
  • Jan 8, 2010 6:27am Jan 8, 2010 6:27am
Quoting Scullmeister
Hope you guys enjoyed trading my strategy this week,1 loss, 4 wins, +80 for the week.

Have a cracking weekend!
What risk % do you use?
{Promotion Removed}
  • #2,090
  • Edited 9:52am Jan 8, 2010 6:43am | Edited 9:52am
Quoting Scullmeister
Hope you guys enjoyed trading my strategy this week,1 loss, 4 wins, +80 for the week.

Have a cracking weekend!

i did 5 wins, 1 losses, you dont count this day ?
i know its diff. due to broker feeds. just wanted to know
Never whishing, always trading.
  • #2,091
  • Jan 8, 2010 7:17am Jan 8, 2010 7:17am
Hi Guys.

Great to see every one still hanging around here.

My results for December using Scull's original method. ( 5 to 7:30)

Trades 21
Wins 17
Pips 340
% Win 81

Using the 85 EMA for direction :

Trades 12
Wins 9
Pips 150
% Win 75

For the first week of Jan I had 5 winners and 2 with EMA.

I wish you all a pippen good year.

  • #2,092
  • Jan 8, 2010 8:12am Jan 8, 2010 8:12am
Quoting PipSqueeze
What risk % do you use?
I only trade this strategy and 1 other so 2 trades per day, sometimes only 1 trade per day so i risk 5%, but that's your decision depending on your attitude to risk and how many other strategies you use.
Trade the price action, not the cash!!!
  • #2,093
  • Jan 8, 2010 8:24am Jan 8, 2010 8:24am
Quoting Scullmeister
I only trade this strategy and 1 other so 2 trades per day, sometimes only 1 trade per day so i risk 5%, but that's your decision depending on your attitude to risk and how many other strategies you use.
Scull, great going with your breakout method again
Out of interest, what other strategy do you use?
Little and often seems to be a great way of trading

Happy pipping

Austin
  • #2,094
  • Jan 8, 2010 8:25am Jan 8, 2010 8:25am
Does anyone know if there is an EA for this strategy? Thanks
  • #2,095
  • Jan 8, 2010 8:44am Jan 8, 2010 8:44am
Quoting smartchick
Does anyone know if there is an EA for this strategy? Thanks
Click on the attachments button at the top of any page (to the right of the page numbers) and pick your EA, box indicator etc

There are many and various, although not sure how many/which work
  • #2,096
  • Jan 8, 2010 8:54am Jan 8, 2010 8:54am
Quoting Austinc1972
Scull, great going with your breakout method again
Out of interest, what other strategy do you use?
Little and often seems to be a great way of trading

Happy pipping

Austin
Grants method using 85 EMA.
Trade the price action, not the cash!!!
  • #2,097
  • Jan 8, 2010 8:58am Jan 8, 2010 8:58am
Quoting Scullmeister
Grants method using 85 EMA.
Aha, so still a breakout method, just with an additional indicator
Thought that you meant a completely different method eg MA crossovers, TUFXP etc
So you sometimes take 2 trades on one day at the same time on the same pair
Can I ask why?
  • #2,098
  • Jan 8, 2010 9:30am Jan 8, 2010 9:30am
I cant get any of the EA;s to work
Annoying Precision
  • #2,099
  • Jan 8, 2010 9:36am Jan 8, 2010 9:36am
Quoting Austinc1972
Aha, so still a breakout method, just with an additional indicator
Thought that you meant a completely different method eg MA crossovers, TUFXP etc
So you sometimes take 2 trades on one day at the same time on the same pair
Can I ask why?
There are a lot of no trades using Grants method, so mine compliments it quite well or bcoz the box times are earlier on Grants i may come in on Grants method and it may retrace and them mine activates the other side and makes a profit or whatever. Sometimes they both make a profit, sometimes they both lose. Sometimes Grants gets to +25 so move SL to B/E and it may retrace then mine might activate and come in. Swings and roundabouts really, but if they both make an average of +150 pips per month with 5% risk i'm a happy young man for a mornings work.
Trade the price action, not the cash!!!
  • #2,100
  • Jan 8, 2010 9:39am Jan 8, 2010 9:39am
I started the new year in positive thatnks to this strategy.. I have 5 winnings 0 losses this week.. AWESOME!
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