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Attachments: 7am-9am Big Dog USD Breakout Strategy
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7am-9am Big Dog USD Breakout Strategy

  • #2,501
  • Apr 1, 2010 1:46pm Apr 1, 2010 1:46pm
Today was another good day with this system, worked on many us pairs
+107 pips today..
hope you all did well this week
  • #2,502
  • Apr 2, 2010 4:54am Apr 2, 2010 4:54am
hi,

can someone help me make the trailing stop line visible?
I'd like to trade the whole strategy without this ea, but I can't be home around that time, so I need to use it.

I'd just like to see, what the trail actually does, because I think it's not doing what a normal trail does.

thank you so much!
Attached File(s)
File Type: mq4 Box_Breakout_V1.3.mq4   19 KB | 816 downloads
  • #2,503
  • Apr 4, 2010 11:43am Apr 4, 2010 11:43am
First of all i must thank the trader who brought this simple-effective strategy to FF.
I woulf like to ask does anyone trades another openes except the us open (7-9am) im looking for other timings to test like the uk open and japanese..

python.
The only barriers in life are only the ones that we create to our self's..
  • #2,504
  • Apr 4, 2010 2:54pm Apr 4, 2010 2:54pm
Quoting Python
First of all i must thank the trader who brought this simple-effective strategy to FF.
I woulf like to ask does anyone trades another openes except the us open (7-9am) im looking for other timings to test like the uk open and japanese..

python.

YEs the the uk open 00:00- 02:00 est .. IT's pretty much the same deal
  • #2,505
  • Apr 4, 2010 7:15pm Apr 4, 2010 7:15pm
I have discovered something interesting on EURO 21-23 +3gmt (tel aviv time) theres also abreak out.. i have tested it out and seems to be very profitable.. i suggest you sould check it out guys..
(btw no, 21-23 +3 gmt its not 7-9am NYtime)
The only barriers in life are only the ones that we create to our self's..
  • #2,506
  • Apr 4, 2010 7:34pm Apr 4, 2010 7:34pm
Thanks sean.
I would like to ask some one who know's all the times of the breal out's to post this information or start another thread, it can be real usefull and it would surtenly help lots of people here
The only barriers in life are only the ones that we create to our self's..
  • #2,507
  • Apr 4, 2010 11:44pm Apr 4, 2010 11:44pm
Quoting Python
First of all i must thank the trader who brought this simple-effective strategy to FF.
I woulf like to ask does anyone trades another openes except the us open (7-9am) im looking for other timings to test like the uk open and japanese..

python.
I would venture to say that this or any other breakout system would work with any session. Given any 24 hour period, the market is going to go up, down, or sideways. Eventually the target is going to be hit. For me, it all depends on my ability to manage the trades throughout the day once they are triggered.

I have been told the London open works quite well. I trade this approach 8-10 EST time and have made over 500 pips for each of the past two months.

Good luck to you all!
  • #2,508
  • Apr 6, 2010 8:09am Apr 6, 2010 8:09am
I trade similar system and it really works. It is just about the money management (wow that is some news!), winning percentage is not breath taking (around 60%), but it is enough...
Live it or leave it!
  • #2,509
  • Apr 7, 2010 5:39am Apr 7, 2010 5:39am
Hello guys,

I start reading this topic only now, and i have one question...

is there any technical problem to make a EA for this method ?

Does this EA exists ?
  • #2,510
  • Apr 8, 2010 8:25am Apr 8, 2010 8:25am
kaydara: I am not sure and really don't care, because I don't trust computers I once tried an EA that worked for a bit but all the time it had to be upgraded and so on, so decided only to trade by myself and it works better
Live it or leave it!
  • #2,511
  • Apr 8, 2010 9:13am Apr 8, 2010 9:13am
If you are trading multiple pairs and you get a breakout to the upside on one pair and a sell on the other pair. What do you do? Do you take both signals or ignore all signals if they don't correlate. For example if GBPUSD is a sell and EURUSD is a buy would you take both these signals even though historically, the EURUSD and GBPUSD are highly correlated?
  • #2,512
  • Apr 8, 2010 9:20am Apr 8, 2010 9:20am
This has worked very well so far, but is extraordinary when combined with some larger time frame analysis. I've found it helps you throw off the head fakes that are sometimes sent ahead of a big trend.

Take for example, the GBPUSD trap last London Session, I did get caught in it on my demo. :-(. But this morning during the USD session I checked in with a larger time frame and didn't get faked.

So thank you very much for this system, when it is profitable with a straight forward break it is ridiculously profitable. When the market fakes between 6:45 on the London and 12:45-13:15 during the US you can still do well when the actual break comes if you just monitor those higher TFs.
Thank you Lux!
  • #2,513
  • Apr 9, 2010 1:25pm Apr 9, 2010 1:25pm
How do you get the Box Breakout EA to work? I see it painted a box, but didn't trade at all. Did I mess up settings or put it on a wrong chart?
  • #2,514
  • Apr 9, 2010 7:32pm Apr 9, 2010 7:32pm
Did you guys get a false signal on the eur/usd to go short...it dipped enough to activate a short then reversed and sky rocketed up, anyone that was in it got killed.
Former Trader Of the Year of the 95% losing club! Retired
  • #2,515
  • Apr 10, 2010 4:58pm Apr 10, 2010 4:58pm
Quoting sphanlon
How do you get the Box Breakout EA to work? I see it painted a box, but didn't trade at all. Did I mess up settings or put it on a wrong chart?
The box is used as an indicator for the timeframe it is set for. It will not open or close positions for you. You have to do that manualy. Unless there is anther one out there that will do this.
  • #2,516
  • Apr 10, 2010 5:21pm Apr 10, 2010 5:21pm
Quoting Rgali1
Did you guys get a false signal on the eur/usd to go short...it dipped enough to activate a short then reversed and sky rocketed up, anyone that was in it got killed.
This is why I will be quick to close a position that has gone bad...only to quickly jump on the train if it is headed th other way. I can't tell you how many short term reversals can get triggered for a loss, but there are quite a few. Many times the market is bottoming out right about where the short is. If this happens like it did the other day, it's not a bad time to trade the reverse and grab a few quick pips!

Good luck with your trading!
  • #2,517
  • Apr 15, 2010 12:28pm Apr 15, 2010 12:28pm
is this strategy available on zulutrade?
if not, we should make it!!
  • #2,518
  • Apr 16, 2010 4:49pm Apr 16, 2010 4:49pm
Hello traders,does the candle have to close higher or lower or just penetrate the h/l of the 7a-9a box .it seems when it closes above / below that it is valid and not just the wick of the candle,thanxs...
  • #2,519
  • Apr 17, 2010 2:27pm Apr 17, 2010 2:27pm
Quoting monikroc
Hello traders,does the candle have to close higher or lower or just penetrate the h/l of the 7a-9a box .it seems when it closes above / below that it is valid and not just the wick of the candle,thanxs...
That is a good question. I've never given much thought to the close of the candle. RU talking about the close on which TF?

Personally I have been beaten down this month. Lost most of my gains of the previous two months!
  • #2,520
  • Apr 19, 2010 9:07am Apr 19, 2010 9:07am
is this strategy available on zulutrade?
if not, we should make it!!
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