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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #2,901
  • Apr 14, 2010 1:42am Apr 14, 2010 1:42am
Today on Grants Im SL!
I guess everyone is the same!
Looking forward for tomorrow!
  • #2,902
  • Apr 15, 2010 1:06am Apr 15, 2010 1:06am
And today again SL!
This week is not so good for Grants method!
  • #2,903
  • Apr 15, 2010 8:48pm Apr 15, 2010 8:48pm
i m gonna try this strategy today..i did some weekly 4h box breakout by ace a long time ago, but this is a nice way to start a trading day..for starters i ll go for simple set up.. sl half the range, tp full range..by that time i shud wake up again and switch to manual
  • #2,904
  • Apr 20, 2010 2:43am Apr 20, 2010 2:43am
....and today, the channel seems to be a little bit too large for the eur/usd, so it could be a poor trade. May apply another method with ichimoku.
  • #2,905
  • Apr 20, 2010 4:53am Apr 20, 2010 4:53am
this thread is great, i have studied it some time ago, some great ideas here, so i sat down and thought how can i use the ides here been thrown around, and have been playing around with this set up for the GJ

80 pip SL
50 PIP trailing stop
100 pip target

trades are in favour of overall trend in the daily chart with 50 EMA

anyways only just been playing with it for a week or so, and now looking at historical charts to see how this baby rolls, i use the EURO opening hour not the london opening hours.

anyways just putting it out there, someone will have more knowledge than myself that could refine the set up more so,

anyways i will post up some results if there is some interest.
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #2,906
  • Apr 20, 2010 11:10am Apr 20, 2010 11:10am
Quoting grant18265
hi there,

the instructions in post 1 are excatly how i trade this system.

Being in Italy does not matter, its the time your broker shows that matters.

the end time of the indicator should be 6 am UK time so adjust to suit your brokers time. for example i use alpari UK (gmt +2), so my end hour is currently 7.... hope that is understandable, if not post your broker and its gmt offset and i'll work it out for you...

to get a moving average on your chart, go to the navigator section and drag and drop a moving average from the inicators section...
Hi Grant!!
I've always been intrigued by breakout strategies...I've downloaded the Box Breakout EA 1.3 just to backtest your rules for this strategy...and it seems a very good start.
Usually I use EAs just to have an idea of the performace...and I have to say that your rules seem really strong, I'm attaching 2 backytests from start of 2009 till today, starting with a small account of 3000 euro, using 1% of risk and compounding the gains.
The first equity curve doesn't trade if the MA is inside the box, the second trades even if the MA is inside the box...both are profitable, the second has a great gain but a double drawdown...
My question is...how your LIVE results are? Because I use Alpari UK and I know that in live account the spread is higher than in demo account, so I was wondering if your 15 pips SL in live performs like in demo...because this can make a great difference in the final performance...

Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: StrategyTester1.gif Size: 7 KB
Click to Enlarge Name: StrategyTester2.gif Size: 7 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #2,907
  • Apr 20, 2010 11:33am Apr 20, 2010 11:33am
Quoting Chris_B
Hi Grant!!
I've always been intrigued by breakout strategies...I've downloaded the Box Breakout EA 1.3 just to backtest your rules for this strategy...and it seems a very good start.
Usually I use EAs just to have an idea of the performace...and I have to say that your rules seem really strong, I'm attaching 2 backytests from start of 2009 till today, starting with a small account of 3000 euro, using 1% of risk and compounding the gains.
The first equity curve doesn't trade if the MA is inside the box, the second trades even if the MA is inside...
HI Chris,

if you click on the paper clip in the top right of the page you will find the SS i post every month with my live account results..

currently 2010 is +18%

cheers

Grant
  • #2,908
  • Apr 20, 2010 2:46pm Apr 20, 2010 2:46pm
I have been trading Grants Method a little differently..

I trade 3 positions, TP1 of 15, TP2 of 30 and TP3 of 45.. and SL of 15 pips... I put MA 85 on 1 hour chart and determine trend that way... if it happens to be inside box I switch to 15 min and look at MA 85 there and scale down to only 2 positions.


Here are backtests of my version of Grants Method for Year 2009 and as well this Year 2010.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Grant 2009 3TPs.jpg Size: 109 KB
Click to Enlarge Name: Grant 2010 3TPS.jpg Size: 108 KB
  • #2,909
  • Apr 20, 2010 3:17pm Apr 20, 2010 3:17pm
Quoting Chris_B
Hi Grant!!
I've always been intrigued by breakout strategies...I've downloaded the Box Breakout EA 1.3 just to backtest your rules for this strategy...and it seems a very good start.
Usually I use EAs just to have an idea of the performace...and I have to say that your rules seem really strong, I'm attaching 2 backytests from start of 2009 till today, starting with a small account of 3000 euro, using 1% of risk and compounding the gains.
The first equity curve doesn't trade if the MA is inside the box, the second trades even if the MA is...
Chris

I have been using the Boxbreakout EA as well but have noticed that it sometimes trades before the last bar has closed and that sometimes on my demo account it trades just as the price breaks out yet on my live account it is slightly delayed, often getting into a trade when my demo is half closing at 10 pips. I have no idea about coding but think it would be a great idea to be able to use the Box Breakout EA to place pending trades at pipdistance outside the box. This could then be done when the box is finally drawn and therefore more chance of the trade working than my current experience. I have attached a pic of a trade this morning using this EA. If anyone can help it would be much appreciated. The EA has been disabled in the pic
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.JPG Size: 188 KB
  • #2,910
  • Apr 21, 2010 3:07am Apr 21, 2010 3:07am
Quoting paulbt38
Chris

I have been using the Boxbreakout EA as well but have noticed that it sometimes trades before the last bar has closed and that sometimes on my demo account it trades just as the price breaks out yet on my live account it is slightly delayed, often getting into a trade when my demo is half closing at 10 pips....
I don't know where is the problem....
I'm following this strategy from today, using Box Breakout EA only because at that time i'm sleeping, i would prefer placing my orders manually but I can't.
Today I took a BE trade, as in my picture, the trade triggered well, 7 pips above the high of the box...

P.S. I'm not using the filter of the MA inside the box, I let it trade even if the MA is inside because my backtests are better in this way, even if the drawdown is higher..
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #2,911
  • Apr 21, 2010 11:01am Apr 21, 2010 11:01am
Quoting grant18265
HI Chris,

if you click on the paper clip in the top right of the page you will find the SS i post every month with my live account results..

currently 2010 is +18%

cheers

Grant
Went through the file to understand where the 18% are coming from : 1% risk , about 4 to 5 winners using the most conservative trading (loss, BE or 75 pips).
Now, for those who are wondering why not more profitable :
- take a step back
- see the volume of work to get these results
- understand the last 4 months have seen a significant decrease of volatily
- and....try to replicate these results in the stock market for example....some hedge funds would kill to get 18% in 4 months !!!!
Thank you Grant !
  • #2,912
  • Apr 21, 2010 5:32pm Apr 21, 2010 5:32pm
know that quite a few people mentioned volatility as the driving force of the profitability, but I dont think thats correct.
volatility will only determine where your TP will be, not profitability.

for profitability you need direction as soon as you enter a trade; after all we rely on the 85EMA to enter.
so trending time will be money time
  • #2,913
  • Apr 21, 2010 7:37pm Apr 21, 2010 7:37pm
Hi,

These guys are working on almost the same system.not bad to take a look if you guys like.

http://www.forexfactory.com/showthread.php?t=230640

Regards
Mike
Failure, is a wonderful teacher!
  • #2,914
  • Apr 22, 2010 3:06am Apr 22, 2010 3:06am
Great thread!

I have a question about time:
for Grant`s method we use 4-6 am London.
No matter if London is 0 GMT or +1 GMT (like now)?
Any time of year - always 4-6 AM London time?
Am I right?
Thanks.
Made in Ukraine
  • #2,915
  • Apr 22, 2010 3:20am Apr 22, 2010 3:20am
yeah
  • #2,916
  • Apr 22, 2010 5:31am Apr 22, 2010 5:31am
Quoting tommycz
I have been trading Grants Method a little differently..

I trade 3 positions, TP1 of 15, TP2 of 30 and TP3 of 45.. and SL of 15 pips... I put MA 85 on 1 hour chart and determine trend that way... if it happens to be inside box I switch to 15 min and look at MA 85 there and scale down to only 2 positions.


Here are backtests of my version of Grants Method for Year 2009 and as well this Year 2010.
Hello Tommy,

which EA have you used for the backtest, with the box_breakout_v1.3 itīs not possible to enter TP3 or may be I am doing the backtesting wrong?

thanks
Bambo0
  • #2,917
  • Apr 22, 2010 2:45pm Apr 22, 2010 2:45pm
can somebody confirm that with Grant`s method we have from 1-22 April 6L, 3BE and 1W?

thanks
  • #2,918
  • Apr 22, 2010 3:40pm Apr 22, 2010 3:40pm
Quoting yonnie
can somebody confirm that with Grant`s method we have from 1-22 April 6L, 3BE and 1W?

thanks
HI Yonnie

on my Alpari live account i have:

1 win 6/4
3 loss 14/4, 15/4, 19/4
2 BE 16/4, 22/4..

on my Alpari DEMO i have:

1 win 6/4
2 loss 14/4, 19/4
2 BE 16/4, 22/4

the loss on the 15th triggered by a pip on the live account and missed by a couple on the demo hence the difference..

cheers

Grant
  • #2,919
  • Apr 22, 2010 3:46pm Apr 22, 2010 3:46pm
Quoting grant18265
HI Chris,

if you click on the paper clip in the top right of the page you will find the SS i post every month with my live account results..

currently 2010 is +18%

cheers

Grant
Apologies everyone 2010 is currently +13%

cheers

Grant
  • #2,920
  • Apr 23, 2010 12:26am Apr 23, 2010 12:26am
Hi guys, did you get the +75 on Tuesday (Long) or was the EMA running through the box on your charts? Just curious.....
Trade the price action, not the cash!!!
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