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GbpUsd 5 min breakout

  • #421
  • Jan 11, 2010 1:35pm Jan 11, 2010 1:35pm
Quoting fxblinkers
Hi Intel,

Yeah I think there may be a good way to trade this with Binary but I'm not overly familar with trading binary..however, I did some research a few months back in relation to trading hourly binary adjusting the stake each time but only when certain conditions are met as in order to win the trade you would only need to predict whether the next candle was red or green... I will give some thought to trading this method using binary and come back to you on it...what time frames and approach are you thinking about????

Yeah I saw your posts in the Binary thread. Thats why I asked you for your opinion.

I have only just discovered Binaries so I really don't know what is possible but, from what I read, Binaries might give us chance to make similar profits whilst risking WAY LESS than spot.

I was thinking that we could trade EXACTLY as we do here with the exception of the mm.

Needs some investigation. If anyone else has some thoughts please feel free to share them.
  • #422
  • Jan 12, 2010 2:18am Jan 12, 2010 2:18am
Thats a dodgy trade this morning eh???
  • #423
  • Jan 12, 2010 3:09am Jan 12, 2010 3:09am
Yep...turned into a ranging market. Waiting to see if I have to double up on the 2nd trade...tough to do as it's 3:00AM here in Wisconsin.
  • #424
  • Jan 12, 2010 9:50am Jan 12, 2010 9:50am
That one was a little difficult....
  • #425
  • Jan 12, 2010 1:19pm Jan 12, 2010 1:19pm
Has this been back tested? What were the results?
  • #426
  • Jan 12, 2010 3:11pm Jan 12, 2010 3:11pm
Nice breakout, i like

Some questions :

 

  1. 3 bars X 5 min = 1 bar 15 min so it's The bar begin 8am and close 8.15am GMT+1 (francfurt opening) it's the same ?

  1. When a order (B or S) was executed and it's a loser but the PA dont execute the second order the same day but the next day, we double lot the next day ?


Sorry for my poor english. I hope you understand me

  • #427
  • Jan 13, 2010 7:36am Jan 13, 2010 7:36am
Quoting oxyd
Nice breakout, i like

Some questions :

 

  1. 3 bars X 5 min = 1 bar 15 min so it's The bar begin 8am and close 8.15am GMT+1 (francfurt opening) it's the same ?

  1. When a order (B or S) was executed and it's a loser but the PA dont execute the second order the same day but the next day, we double lot the next day ?


Sorry for my poor english. I hope you understand me



You have the times correct..

We double the lots after a losing trade every times even the same day...


Blinkers..........
  • #428
  • Jan 13, 2010 9:58am Jan 13, 2010 9:58am
thanks for showing this technique
  • #429
  • Jan 13, 2010 1:44pm Jan 13, 2010 1:44pm
Quoting fxblinkers
You have the times correct..

We double the lots after a losing trade every times even the same day...


Blinkers..........

I could be wrong but, I think I remember Cain saying that he only doubles up on the SAME day as the losing trade. He wont double up on the following day.

I think thats what he said......
  • #430
  • Jan 13, 2010 1:47pm Jan 13, 2010 1:47pm
Quoting Intel
I could be wrong but, I think I remember Cain saying that he only doubles up on the SAME day as the losing trade. He wont double up on the following day.

I think thats what he said......
Yep...
  • #431
  • Jan 13, 2010 1:59pm Jan 13, 2010 1:59pm
I've been playing with various filters to try and avoid fake-outs ... lately I look at the trend on the H1 and only take trades in that direction ... here's the last 3 days as examples ... I realize 3 days means nothing, but I kinda like the old concept of "the trend is your friend"
Attached Image (click to enlarge)
Click to Enlarge Name: trends.JPG Size: 95 KB
  • #432
  • Jan 13, 2010 2:41pm Jan 13, 2010 2:41pm
Quoting tbardolph
I've been playing with various filters to try and avoid fake-outs ... lately I look at the trend on the H1 and only take trades in that direction ... here's the last 3 days as examples ... I realize 3 days means nothing, but I kinda like the old concept of "the trend is your friend"
and that indicator is a.....?
Never whishing, always trading.
  • #433
  • Jan 13, 2010 2:50pm Jan 13, 2010 2:50pm
Quoting Bobcat2
Yep...
I have look again some Cain screen and i see that some trade are executed the second day (Orders expire at 23.00 GMT+1 of the next day)

See screens 5 and 7 post 3. On post 4 screen 6 he close trade because week-end. And screen post 10.

Many times i have see that we can win more pips (7jan-8jan buy = win on 8jan) and of course some looser. Some trade win on 1-2-3 days after when price retrace. Need a good MM and low leverage.

On the beast, i have see many good trades too.

Now need to backtest 3 years minimum. I trade live on oanda. I really like this breakout. Need to see.
  • #434
  • Jan 13, 2010 3:11pm Jan 13, 2010 3:11pm
Quoting Hova
and that indicator is a.....?
basically a moving average ... changes colors to indicate direction, green = up, red = down ... (I got another one that is yellow when transitioning between red and green, but didn't think that really added anything) ... if you want to play with it, go to properties, then input ... the default setting for period is 80, but that's way too slow ... I'm currently using 21, which seems pretty good ... tell me what you think
Attached File(s)
File Type: ex4 trend.ex4   4 KB | 204 downloads
  • #435
  • Jan 13, 2010 3:19pm Jan 13, 2010 3:19pm
Quoting oxyd
I have look again some Cain screen and i see that some trade are executed the second day (Orders expire at 23.00 GMT+1 of the next day)

See screens 5 and 7 post 3. On post 4 screen 6 he close trade because week-end. And screen post 10.

Many times i have see that we can win more pips (7jan-8jan buy = win on 8jan) and of course some looser. Some trade win on 1-2-3 days after when price retrace. Need a good MM and low leverage.

On the beast, i have see many good trades too.

Now need to backtest 3 years minimum. I trade live on oanda. I really...

OK, lets see if we can clear this up for ya.....

The second trade of the day(whether its been doubled or not) is kept open till 23:00 on the following day when it is closed (of course if it hit sl or tp it will already be closed).

After entering (not exiting) this second trade, your next trade entry will be for your standard trade amount and NOT doubled.

In a nut shell........your first trade of the day is NEVER doubled.




Hope this helps
  • #436
  • Jan 14, 2010 9:22am Jan 14, 2010 9:22am
What the heck is going on with cable....I pulling my hair out here as its stuck in this poxy range...I think it may be safer to not trade this method until it gets moving again...come to think of it we prob shouldn't trade this way unless trending..................
  • #437
  • Jan 14, 2010 9:45am Jan 14, 2010 9:45am
Quoting fxblinkers
What the heck is going on with cable....I pulling my hair out here as its stuck in this poxy range...I think it may be safer to not trade this method until it gets moving again...come to think of it we prob shouldn't trade this way unless trending..................
yeah i had the same thoughts today, i only demoed this day, luckily
Never whishing, always trading.
  • #438
  • Jan 14, 2010 3:47pm Jan 14, 2010 3:47pm
Quoting fxblinkers
What the heck is going on with cable....I pulling my hair out here as its stuck in this poxy range...I think it may be safer to not trade this method until it gets moving again...come to think of it we prob shouldn't trade this way unless trending..................
I tend to agree fx,i've nearly a belly full of this for the time being,probably be a first trade winner in the morning,in an hour,known my luck.
  • #439
  • Jan 14, 2010 4:19pm Jan 14, 2010 4:19pm
Quoting arrowloopboy
I tend to agree fx,i've nearly a belly full of this for the time being,probably be a first trade winner in the morning,in an hour,known my luck.
Hey Arrow,

I see you're now a Jacko group member...I'm in the process of joining myself... Have you been a member for long and how do you find it??? The way I see it, he seems to be pretty highly thought of in here so for the sake of the few dollars fee for the year surely it can't hurt to have someone to guide us on through this fx minefield....whats your experience with Jacko????
  • #440
  • Jan 14, 2010 4:40pm Jan 14, 2010 4:40pm
Cheer up guys

It was a bad day for us but hey, we know its gonna happen.

Still a profitable system tho.
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