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0400-0700 GMT Breakout Strategy

  • #2,341
  • Jan 26, 2010 8:46am Jan 26, 2010 8:46am
Hi Tasciy,

welcome back, hope your making plenty of pips....

have tried to send you a pm but cant, so can you add a link to post 2241 in the 1st post. this has a word doc of the grant breakout method....

many many thanks

Grant
  • #2,342
  • Jan 26, 2010 10:33am Jan 26, 2010 10:33am
Quoting grant18265
Hi Tasciy,

welcome back, hope your making plenty of pips....

have tried to send you a pm but cant, so can you add a link to post 2241 in the 1st post. this has a word doc of the grant breakout method....

many many thanks

Grant
done

thanks..
  • #2,343
  • Jan 26, 2010 3:09pm Jan 26, 2010 3:09pm
Does any one have this strategy on a VT Trader. Can you tell me what are the setups for a VT Trader...
Thank you!
  • #2,344
  • Jan 27, 2010 4:28am Jan 27, 2010 4:28am
Can anyone confirm that we have: -40 yesterday, +30 today according to the scull's method.
The Road appears under the steps of walking men...
  • #2,345
  • Jan 27, 2010 4:29am Jan 27, 2010 4:29am
sorry danny boy not sure what VT is, but the set up works on any chart system lliterally choose which 2 hour box you want and draw lines on your chart

no trade on grants and a loss on sculls just to the long side very tight 40 pips stop got hit by anout 3 pips then reversed and went on to surge for 70-80 pips as i write, beyond the long entry at 1.61504
  • #2,346
  • Jan 27, 2010 4:34am Jan 27, 2010 4:34am
Quoting DannyBoy
Does any one have this strategy on a VT Trader. Can you tell me what are the setups for a VT Trader...
Thank you!
I think Vt is similar with MT4 and I suppose you have the same possibility to trade this method. No need in EA or indicators to use draw the lines according to method (Tasciy's, Scull's or Grant's) and that is all.
The Road appears under the steps of walking men...
  • #2,347
  • Jan 27, 2010 4:35am Jan 27, 2010 4:35am
Quoting Soondoock
Can anyone confirm that we have: -40 yesterday, +30 today according to the scull's method.
Yes I got a loss today, frustrating as it was so close today, loss yesterday too. Still roughly 50 pips up this month... due a couple of winners this week!
  • #2,348
  • Jan 27, 2010 4:43am Jan 27, 2010 4:43am
Quoting kiwiduvet
sorry danny boy not sure what VT is, but the set up works on any chart system lliterally choose which 2 hour box you want and draw lines on your chart

no trade on grants and a loss on sculls just to the long side very tight 40 pips stop got hit by anout 3 pips then reversed and went on to surge for 70-80 pips as i write, beyond the long entry at 1.61504
It is strange, I missed today's trade but it seems to me that today would be a +30. I suppose we have different time boxes.

Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 22 KB
The Road appears under the steps of walking men...
  • #2,349
  • Jan 27, 2010 4:50am Jan 27, 2010 4:50am
Quoting mysterio
Yes I got a loss today, frustrating as it was so close today, loss yesterday too. Still roughly 50 pips up this month... due a couple of winners this week!
Today I had a winner with Scull's original 5 to 7:30 method.

This is really a testing month and will keep you humble.

  • #2,350
  • Jan 27, 2010 5:04am Jan 27, 2010 5:04am
Quote
I missed today's trade but it seems to me that today would be a +30. I suppose we have different time boxes

Yes, if you had included the 7:15 - 7:30 bar it would have been a clear winner. I'm only using up to the 7:00 - 7:15. Horses for courses, I don't think one strategy will have wildly differing results from the other.
  • #2,351
  • Jan 27, 2010 5:33am Jan 27, 2010 5:33am
VT trader is a forex platform at cms fx
  • #2,352
  • Jan 27, 2010 6:09am Jan 27, 2010 6:09am
I had 30+ with Scull...but used the range of the box which was 50 for S/L.
  • #2,353
  • Jan 27, 2010 6:30am Jan 27, 2010 6:30am
It seems that there are two main stream method:
Scull and grant method

Is there any conclusion or result of these 2 methods?
Thank you
  • #2,354
  • Jan 27, 2010 6:49am Jan 27, 2010 6:49am
Hi All,

I've been testing this method and did well starting from 2007. Best results gave 2009, whereas worst was prior 2007. The question is why is this so? This method is based on the fact that brokers/dealers hunt some stops before opening of London. The question is, what/how did they before?

Best,
L
  • #2,355
  • Jan 27, 2010 7:01am Jan 27, 2010 7:01am
Quoting wltam
It seems that there are two main stream method:
Scull and grant method

Is there any conclusion or result of these 2 methods?
Thank you
I think in long term prospective both have almost the same result. It is all about MM.
The Road appears under the steps of walking men...
  • #2,356
  • Jan 27, 2010 8:35am Jan 27, 2010 8:35am
Quoting wltam
It seems that there are two main stream method:
Scull and grant method

Is there any conclusion or result of these 2 methods?
Thank you

Wltam,

Sept - Dec +45%
Jan is at 0%

these are from my live account using the Grant method with 1% risk

cheers

Grant
  • #2,357
  • Jan 27, 2010 8:50am Jan 27, 2010 8:50am
Quoting grant18265
Wltam,

Sept - Dec +45%
Jan is at 0%

these are from my live account using the Grant method with 1% risk

cheers

Grant

I did a 'quick' backtest (visual) from jan. 2005 to dec. 2009
results on attached image
Attached Image (click to enlarge)
Click to Enlarge Name: grant_jan05-dez09.JPG Size: 118 KB
Never whishing, always trading.
  • #2,358
  • Jan 27, 2010 9:18am Jan 27, 2010 9:18am
hova

can you do the same with scull's breakout
"The person who knows that enough is enough, will always have enough". .
  • #2,359
  • Jan 27, 2010 9:36am Jan 27, 2010 9:36am
First time posting. I have been following this thread and the Big Dog for some time.

Can anyone help me distinguish between Ea's

I believe the 3 most recent are from RBI, Anthony and Henry (adapted Anthony )

I am trying to run RBI latest Box Breakout v 1.3 . did not work

Is there a consensus one to use and if so does it run with Slope Direction Line?

I would also appreciate a set file(suggested settings) that would be the most current to verify settings.

I truly respect all the contributors here for their efforts, especially the ones that put in time to create and share these EA's

I run FXCM, Interbank and Collective FX



Thanks
  • #2,360
  • Edited 10:12am Jan 27, 2010 9:38am | Edited 10:12am
I have been watching and trading this method for some time and used the 85EMA for trend direction, provided by our smart trader fellow and friend grant. However I later found the Vegas' Tunnel's emas worked best for spotting major support and resistance levels. The Vega's Tunnel 1 hour method uses a 144 and 169 and uses the 12 ema as direction on 1 hour chart. I only use the 144 and 169 emas (Exponential EMA Apply to: close in MT4 charts). Look at my chart and see how price hits and bounces off the emas, especially the last 2 days at our trading times. I dont watch the trend's direction anymore. I am just more careful, once price is moving towards the 144 and 169 emas. Most of the times price just bounces off these emas, but sometimes price comes back and tries to break through the emas up to 3 times. I enter without hesitation a trade if price is moving away from the emas. On a different case, I would enter a trade in direction of the break if price breaks through the emas while still in the 5-7 box. Or I will stay away if price is moving towards the emas after it breaks the 5-7 box. I didn't trade these last 2 days as price was trying to break through the emas yesterday and today the price moved in direction of the emas. Remember price might bounce off the emas and hit your SL. Just my 2 cents. I hope it helps your trading success.
P.S.: Hopefully my idea is not stolen by the idiot that's selling this method for $49
Attached Image (click to enlarge)
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