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A Simple London Breakout

  • #261
  • Apr 19, 2010 10:53pm Apr 19, 2010 10:53pm
Usd/Jpy had an initial first trade winner of +18 pips followed by a reversal loss of -23 pips and another winner of +18 pips.

No Martingale

+18
-23
+18 =
+13 pips

With Martingale Multiplier

+18
-23
+36 (+36 x 2) =
+31 pips

We'll start out fresh tonight with no multipliers.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 104 KB
  • #262
  • Apr 19, 2010 10:57pm Apr 19, 2010 10:57pm
Eur/Jpy played out exactly as the Usd/Jpy did with one initial trade of +34 pips followed by a loss of -44 pips and another follow up winner of +34 pips.

No Martingale

+34
-44
+34 =
+24 pips

With Martingale Multiplier

+34
-44
+68 (+34 x 2) =
+58 pips

We'll start out fresh tonight with no multipliers.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 108 KB
  • #263
  • Edited Apr 20, 2010 1:36am Apr 19, 2010 11:03pm | Edited Apr 20, 2010 1:36am
Usd/Chf played out with a +19 pip winner, then we got stuck in a reversal with a -25 pip loss. We had a late entry and closed that one out with a -11 pip loss at 04:00.

No Martingale

+19
-25
-11 =
-17 pips

With Martingale Multiplier

+19
-25
-22 (-11 x 2) =
-28 pips

We will start trading with a multiplier of 5 tonight
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 106 KB
  • #264
  • Edited 3:20am Apr 20, 2010 12:19am | Edited 3:20am
Quoting enewbold
Please bear with me on this one....
Hi Ed,

It is your broker's timezone that matters, not your location's time zone. The simplest thing to know.
To know the hour difference:
- Open your chart, draw vertical line at the last bar, note the time.
- Open http://wwp.greenwichmeantime.com/ and note the GMT time shown the page.
- Take the hour difference.

The problem regarding time setting = 22:00 - 01:00, I have addressed it on this post http://www.forexfactory.com/showpost...4&postcount=39

I attach the indicator below, adding MaxBoxSizeInPips as suggested by nightyhawk, adjustable Box, Fib and Fib Level color.

Edit: Pls ignore the previous London Breakout 3.mq4 that I posted on this post. The file below, LondonBreakoutV3.1 has simpler code than the previous one, yet it still has the same functionality.
Attached File(s)
File Type: mq4 LondonBreakoutV3.1.mq4   4 KB | 639 downloads
  • #265
  • Apr 20, 2010 1:35am Apr 20, 2010 1:35am
Quote
I attach the indicator below, adding MaxBoxSizeInPips as suggested by nightyhawk, adjustable Box, Fib and Fib Level color
I don't mean to sound critical here, but how is this different from the London Breakout 2 on post #1??? I did notice that your buy stops and sell stops are switched around.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 100 KB
  • #266
  • Apr 20, 2010 1:41am Apr 20, 2010 1:41am
Hell I'm scared... but I will try anyway... closing my eyes and go through it.
Steve... I know you will shout, ban me from the thread, take of my voucher and put a spell on me and my family for the next 5 generations...
I know you always and all the time and everywhere are coding your EA's with Local Time.
The thing is... I'm running the EA on a Mac with a Crossover Emulator who is not taking the time correctly.
My 2 VPS servers are both in time zones where the box time goes over midnight (start box 23, end box 2) and I'm pretty sure the EA will refuse with these settings.

So here I go: Is there any chance to get your EA coded for broker time?

I can not believe I asked this.... my god.... hope we are still friends

Uli
"The only successful substitute for brains is silence."
  • #267
  • Apr 20, 2010 1:54am Apr 20, 2010 1:54am
I wouldn't worry, Steve seems to be pretty open minded when it comes to getting suggestions from fellow traders. I, personally, would love to see the EA match up to the broker time as well.

I would also like to be able to have the EA trade straight through and just have the EA close all trades at the close of the first candle that starts our box as I would manually. I get a little too confused with the start/stop hours.
  • #268
  • Apr 20, 2010 2:03am Apr 20, 2010 2:03am
Quoting mer071898
I wouldn't worry, Steve seems to be pretty open minded when it comes to getting suggestions from fellow traders. I, personally, would love to see the EA match up to the broker time as well.

I would also like to be able to have the EA trade straight through and just have the EA close all trades at the close of the first candle that starts our box as I would manually. I get a little too confused with the start/stop hours.
You don't know this coding-monster when you p%$§ him off
You better run and hide...
"The only successful substitute for brains is silence."
  • #269
  • Apr 20, 2010 2:16am Apr 20, 2010 2:16am
Quote
You don't know this coding-monster when you p%$§ him off http://cdn.forexfactory.com/images/s..._the_floor.gif


I guess I'll just have to pray I stay on his good side.
  • #270
  • Edited 2:42am Apr 20, 2010 2:32am | Edited 2:42am
Quoting mer071898
I would also like to be able to have the EA trade straight through and just have the EA close all trades at the close of the first candle that starts our box as I would manually. I get a little too confused with the start/stop hours.
All you have to do is set the inputs to these values for 24 hour trading:
start_hourm = 0;
end_hourm = 12;
start_houre = 12;
end_houre = 24;

I will add the code to close any open trades at the start of the new box.

The robot should not have traded at all yesterday on 4 digit accounts. I had left in code that adjusted for 4 digit criminals twice; I discovered this a few minutes ago.

The fix is attached. Holders of 5 digit wally-plonker-criminal accounts do not need this update and can hang on until I add the remaining code.

Attached File(s)
File Type: mq4 Steve Hopwood's London session breakout multi-pair.mq4   23 KB | 372 downloads
  • #271
  • Apr 20, 2010 2:42am Apr 20, 2010 2:42am
Quoting DXTrade
So here I go: Is there any chance to get your EA coded for broker time?
Not even the beginnings of the dawning of the merest glimmering of a hope.

You can make the adjustment yourself. Change the line of code
int lhour = TimeHour(TimeLocal() );

to

int lhour = TimeHour(TimeCurrent() );

and recompile.

Tell you what, guys. In the next update I will add local and broker time displays to the screen feedback. If anyone wants me to, I will add a post here explaining how to make simple changes such as this to source code. Also, if you follow the link in my sig to the mptm thread, there is a pdf explaining how to do this - "How to edit a script code"; anyone with a firing brain cell can do make small changes to source code.

The reason I refuse to get involved with anything to do with time other than local time is beautifully demonstrated in the early pages of this thread. Don't bother asking me to change my policy; the answer will always be 'no'.

  • #272
  • Apr 20, 2010 2:49am Apr 20, 2010 2:49am
Quoting SteveHopwood
Not even the beginnings of the dawning of the merest glimmering of a hope.

You can make the adjustment yourself. Change the line of code
int lhour = TimeHour(TimeLocal() );

to

int lhour = TimeHour(TimeCurrent() );

and recompile.

Tell you what, guys. In the next update I will add local and broker time displays to the screen feedback. If anyone wants me to, I will add a post here explaining how to make simple changes such as this to source code. Also, if you follow the link in my sig to the mptm...
I knew it...

Thanks buddy... I thought about changing the code like you said... but wasn't sure that it would give the right result.

Will change the code myself... Tx again!
"The only successful substitute for brains is silence."
  • #273
  • Apr 20, 2010 3:14am Apr 20, 2010 3:14am
Quoting sangmane
Hi Ed,

It is your broker's timezone that matters, not your location's time zone. The simplest thing to know.
To know the hour difference:
- Open your chart, draw vertical line at the last bar, note the time.
- Open http://wwp.greenwichmeantime.com/ and note the GMT time shown the page.
- Take the hour difference.
Yes, I know that. My current "broker" time is 04:00 and the page above indicates the GMT time is 08:00.

Quote
The problem regarding time setting = 22:00 - 01:00, I have addressed it on this post http://www.forexfactory.com/showpost...4&postcount=39
I tried that one, and it does not work when you enter the 22:00 start time. Any start time greater than the end time simply makes the indicator disappear. Thanks anyway.
  • #274
  • Apr 20, 2010 3:54am Apr 20, 2010 3:54am
Quote
You can make the adjustment yourself. Change the line of code
int lhour = TimeHour(TimeLocal() );

to

int lhour = TimeHour(TimeCurrent() );

and recompile.

Quoting DXTrade
I knew it...

Thanks buddy... I thought about changing the code like you said... but wasn't sure that it would give the right result.

Will change the code myself... Tx again!
I also have changed and recompiled the code. Let's see how it works out for those of us in the US.

Cheers,
Ed
  • #275
  • Apr 20, 2010 4:17am Apr 20, 2010 4:17am
I found the ant-GUBreakout indicator that allows me to set the Start/End times to 22:00/01:00, as you can see from this GU screen shot. The modified EA also immediately fired off EU trades (both directions - pending), which is not seen on this screen. Will monitor its progress to see what transpires, keeping in mind that this is based on US times.

Ed
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 71 KB
  • #276
  • Apr 20, 2010 4:28am Apr 20, 2010 4:28am
Quoting enewbold
Yes, I know that. My current "broker" time is 04:00 and the page above indicates the GMT time is 08:00.

I tried that one, and it does not work when you enter the 22:00 start time. Any start time greater than the end time simply makes the indicator disappear. Thanks anyway.
Sorry mate, I end up posted an old file. I have changed the indicator on my previous post (I named it LondonBreakoutV3.1.mq4), you can download it again.
  • #277
  • Apr 20, 2010 4:38am Apr 20, 2010 4:38am
Quoting sangmane
Sorry mate, I end up posted an old file. I have changed the indicator on my previous post (I named it LondonBreakoutV3.1.mq4), you can download it again.
Thanks. Will give it a go right now.

Cheers,
Ed
  • #278
  • Apr 20, 2010 4:47am Apr 20, 2010 4:47am
The new indi works like a dream. I changed the default colors to my liking, and everything now looks pretty sharp on my particular system.

Thanks very much for the work, both to you for the indicator and to Steve for the EA.

Ed
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 128 KB
  • #279
  • Edited 7:09am Apr 20, 2010 4:58am | Edited 7:09am
This version has:

 

  1. broker and local time display
  2. MaxLossesAllowedPerPair is an input that allows us to limit our losses on individual pairs. The rationale is this: if our trades lose a few times then there must be something going on in the markets that we do not know about, so it is better to step away for a while. There are a couple of things to note:

    1. setting the input to 0 turns this filter off
    2. it works by looking at all the trades in the History tab, so make sure you have it set to list only today's trades.

There is just the Martingale to go now. This is complicated and will take some time.

Attached File(s)
File Type: mq4 Steve Hopwood's London session breakout multi-pair.mq4   25 KB | 444 downloads
  • #280
  • Apr 20, 2010 5:15am Apr 20, 2010 5:15am
Quoting SteveHopwood
This version has:
[list][*]broker and local time display[*]MaxLossesAllowedPerPair is an input that allows us to limit our losses on individual pairs. The rationale is this: if our trades lose a few times then there must be something going on in the markets that we do not know about, so it is better to step away for a while. There are a couple of things to note:[list][*]setting the input to...
Thank you for the update. I have it up and running now, and it looks great.

Ed
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