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0400-0700 GMT Breakout Strategy

  • #2,261
  • Jan 20, 2010 7:53am Jan 20, 2010 7:53am
scull would have needed a 55 sl or trade is a loser


greg any update on scull's results
"The person who knows that enough is enough, will always have enough". .
  • #2,262
  • Jan 20, 2010 10:13am Jan 20, 2010 10:13am
Quoting maq
scull would have needed a 55 sl or trade is a loser


greg any update on scull's results
Hi maq, you didn't see my previous post ?

but i think i will run the same test excluding days one by one, cause for example, wenesday is the worst.
  • #2,263
  • Jan 20, 2010 4:04pm Jan 20, 2010 4:04pm
Quoting maq
scull would have needed a 55 sl or trade is a loser


greg any update on scull's results
Scull used to use a maximum SL of 60 and I believe now leaves it up to trader's discretion where to put the SL (see post #2073 in this thread) (think he uses 40 as his max SL)
I am paper trading just now and tend towards using the range as the SL
Thus today, was a win, using either the range or a 60 pip SL, but only just (missed the SL by a pip or two and hit the 30 pip TP by a pip or two)
Not the greatest R:R but still a winner

  • #2,264
  • Jan 20, 2010 11:31pm Jan 20, 2010 11:31pm
Oh I closed with a trailing stop, so +2 pips for me today. Better luck next time
Shit Happens
  • #2,265
  • Jan 21, 2010 12:38am Jan 21, 2010 12:38am
Could someone please help with the installation of the EA Breakout Trend_TP3. I have it in Expert advisors, it attaches to the chart and I get the smiley face, but I cannot get it to back test. Do I have to do anything with the load and save buttons on the inputs window? I am happy to leave all other input fields at the default until I can get it to backtest and then I will do some variations, but at the moment it will not do anything.
Help appreciated.

Anthony
  • #2,266
  • Jan 21, 2010 12:45am Jan 21, 2010 12:45am
Anthony,

go to you tube and put in MT4 backtesting and watch a vid... far easier than anyone explaining in type text....

cheers

Grant
  • #2,267
  • Edited 1:34am Jan 21, 2010 1:33am | Edited 1:34am
Can someone put in their ranges for today in gbpusd i am testing out to see whether they agree with mine

1.6250

1.6294

thanks
If you think you can or cannot do it you are correct
  • #2,268
  • Jan 21, 2010 1:40am Jan 21, 2010 1:40am
thats what i have Olu

Grant
  • #2,269
  • Jan 21, 2010 1:53am Jan 21, 2010 1:53am
Quoting Olu
Can someone put in their ranges for today in gbpusd i am testing out to see whether they agree with mine

1.6250

1.6294

thanks
My setting today are as follows:

Range - 05:00 - 07:15
High - 1.6295
Low - 1.6249

Hence I will LONG 4 lots at 1.6298 (inc spread) or SHORT 4 lots at 1.6248
If long is triggered then I will take 2 lots off at 1.6358 (+60) and move stop to break even. I will then take the other 2 lots off at 1.6418 (+120). I will do the reverse is sell is triggered. If my TP is not hit, I close the trade on close of 23:00 candle.

Good trading all!
  • #2,270
  • Jan 21, 2010 1:58am Jan 21, 2010 1:58am
Quoting Zuke
My setting today are as follows:

Range - 05:00 - 07:15
High - 1.6295
Low - 1.6249

Hence I will LONG 4 lots at 1.6298 (inc spread) or SHORT 4 lots at 1.6248
If long is triggered then I will take 2 lots off at 1.6358 (+60) and move stop to break even. I will then take the other 2 lots off at 1.6418 (+120). I will do the reverse is sell is triggered. If my TP is not hit, I close the trade on close of 23:00 candle.

Good trading all!
Filled SHORT at 1.6247...4 lots. SL is 1.6307 TP1 1.6187 TP2 1.6127
  • #2,271
  • Jan 21, 2010 2:06am Jan 21, 2010 2:06am
in and out with 25 pips. Not happy with the markets opening and going up
If you think you can or cannot do it you are correct
  • #2,272
  • Jan 21, 2010 2:11am Jan 21, 2010 2:11am
gbpusd wants to reverse... Might reenter on a break of 6208 to the downside
If you think you can or cannot do it you are correct
  • #2,273
  • Jan 21, 2010 2:32am Jan 21, 2010 2:32am
Hit TP1 of 30 pips. Done for today.
Shit Happens
  • #2,274
  • Jan 21, 2010 2:46am Jan 21, 2010 2:46am
No reversal here people. Well done to those still holding this trade
If you think you can or cannot do it you are correct
  • #2,275
  • Jan 21, 2010 3:22am Jan 21, 2010 3:22am
Hi Zuke, the high wich you refered is at close of 8:00 candle GMT and Alpari UK time

Quoting Zuke
My setting today are as follows:

Range - 05:00 - 07:15
High - 1.6295
Low - 1.6249

Hence I will LONG 4 lots at 1.6298 (inc spread) or SHORT 4 lots at 1.6248
If long is triggered then I will take 2 lots off at 1.6358 (+60) and move stop to break even. I will then take the other 2 lots off at 1.6418 (+120). I will do the reverse is sell is triggered. If my TP is not hit, I close the trade on close of 23:00 candle.

Good trading all!
  • #2,276
  • Jan 21, 2010 3:32am Jan 21, 2010 3:32am
The first win of the year

1 win, 4 BE and 4 loses.
  • #2,277
  • Jan 21, 2010 3:38am Jan 21, 2010 3:38am
Quoting wawarulez
The first win of the year

1 win, 4 BE and 4 loses.

1st win ? whatup with 11th and 13th jan ?

i see, you move SL to BE @ ?
Never whishing, always trading.
  • #2,278
  • Jan 21, 2010 3:40am Jan 21, 2010 3:40am
Quoting Hova
1st win ? whatup with 11th and 13th jan ?
Grant's method, 4-6 box, 15 SL with 75 TP

Move SL to BE at +25
  • #2,279
  • Jan 21, 2010 3:42am Jan 21, 2010 3:42am
Quoting wawarulez
Grant's method, 4-6 box, 15 SL with 75 TP

Move SL to BE at +25
i know, 15sl tp75 and no BE ? with this setup i got a winner on the 13th and today & 4 loosers
Never whishing, always trading.
  • #2,280
  • Jan 21, 2010 3:43am Jan 21, 2010 3:43am
yep...

1st winner....phew..lol

for the newer guys here this is where RR and good money management are essential...

Despite having only 1 win with 5 losses and 3 BE's i am still BE for the month..

cheers

Grant
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