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

  • #2,921
  • Apr 23, 2010 2:07am Apr 23, 2010 2:07am
Quoting Scullmeister
Hi guys, did you get the +75 on Tuesday (Long) or was the EMA running through the box on your charts? Just curious.....

Hi Scull

Hows things mate..

Tues for me was no trade, pic attached

cheers

Grant
Attached Image (click to enlarge)
Click to Enlarge Name: 200410.gif Size: 21 KB
  • #2,922
  • Apr 23, 2010 2:29am Apr 23, 2010 2:29am
Quoting Scullmeister
Hi guys, did you get the +75 on Tuesday (Long) or was the EMA running through the box on your charts? Just curious.....
hey... my ema wasn't in the box..
Attached Image (click to enlarge)
Click to Enlarge Name: gu_breakout.gif Size: 35 KB
  • #2,923
  • Apr 23, 2010 3:14am Apr 23, 2010 3:14am
looks like the ema was not in the box on Grant`s chart either
  • #2,924
  • Apr 23, 2010 3:21am Apr 23, 2010 3:21am
Erm, the emas look to be in the box on both charts. o.O

At least to me, but then, I've been known to be wrong a time or two.
  • #2,925
  • Apr 23, 2010 3:32am Apr 23, 2010 3:32am
Quoting grant18265
Hi Scull

Hows things mate..

Tues for me was no trade, pic attached

cheers

Grant
HI Yonnie,

The pic i attached shows the green 85 ema line in the yellow box, hence the no trade...

cheers

Grant
  • #2,926
  • Apr 23, 2010 5:25am Apr 23, 2010 5:25am
sorry Grant, thought the box was the high/low 04.00-06.00 hrs London time.........
will look at earlier posts to see how you draw the box.

thanks for pointing that out.
  • #2,927
  • Apr 23, 2010 5:31am Apr 23, 2010 5:31am
Quoting yonnie
sorry Grant, thought the box was the high/low 04.00-06.00 hrs London time.........
will look at earlier posts to see how you draw the box.

thanks for pointing that out.
Yonnie,

no problem and to save you looking the yellow box is the 0400-0545 (closes at 6am) candles with the buffers added (7 long, 5 short)...

cheers

Grant
  • #2,928
  • Apr 24, 2010 10:52am Apr 24, 2010 10:52am
Quoting Bambo0
Hello Tommy,

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

thanks
Bambo0
I use EA_breakout_trend_TP3. I will attach the EA along with back-test done for this year. I used to trade system manually with only 2 positions. Back back-tests shows that adding the 3rd position gives greater return and only risking 5% per $10,000. Which is a little more then the 2% "they" say to risk, but who are "they".
Attached Image (click to enlarge)
Click to Enlarge Name: 3 Full Lots.jpg Size: 115 KB
Attached File(s)
File Type: mq4 EA_breakout_trend_TP3_lot(2).mq4   14 KB | 989 downloads
File Type: ex4 EA_breakout_trend_TP3_lot(2).ex4   15 KB | 715 downloads
  • #2,929
  • Apr 24, 2010 5:51pm Apr 24, 2010 5:51pm
Quoting tommycz
I use EA_breakout_trend_TP3. I will attach the EA along with back-test done for this year. I used to trade system manually with only 2 positions. Back back-tests shows that adding the 3rd position gives greater return and only risking 5% per $10,000. Which is a little more then the 2% "they" say to risk, but who are "they".
Hi,

What TP's and SL did you use for the tests? Otherwise same as Grant's method?

Regards

Archie
  • #2,930
  • Apr 24, 2010 6:33pm Apr 24, 2010 6:33pm
Quoting Archie
Hi,

What TP's and SL did you use for the tests? Otherwise same as Grant's method?

Regards

Archie

Oh sorry.. I thought you would see if off back tests.

I use almost same box as Grant. Except I place my trade at 6:15, as for Grant I believe is places his trade at 6:00. I use SL of 15 and trade three (3) positons of TP1 of 15, TP2 of 30, TP3 of 45. Of course each time TP is hit I move SL up. And I look at MA 85 on 1 hour TF, not 15min!!. I used to trade this system manually and when MA was inside box, I would look at 15 min TF and drop the 3rd position and only trade 2.
hope that makes sense!
  • #2,931
  • Apr 24, 2010 7:37pm Apr 24, 2010 7:37pm
tommy,

your system is better in ranging periods I would say.

you`re placing 5% of your capital at risk, Grant only 1%.

so if you would spruce up Grant`s system to 5% per trade, can you compare the systems over time with profitability and drawdown?

thanks
  • #2,932
  • Apr 24, 2010 10:05pm Apr 24, 2010 10:05pm
Quoting grant18265
Hi Scull

Hows things mate..

Tues for me was no trade, pic attached

cheers

Grant
Hi Grant i'm good thanks mate. On my charts the EMA was just below so made a nice +75 on that baby!

Hope your trading is going well, seems the breakout is finding its feet a little now aye.....
Trade the price action, not the cash!!!
  • #2,933
  • Apr 25, 2010 11:14am Apr 25, 2010 11:14am
Hi,

I tried the EA, but I've difficulties to set the time GMT. It's according to the broker I think.

I used the same alpari historical with same settings but I don't have the same results ?!
  • #2,934
  • Edited 3:44pm Apr 25, 2010 1:29pm | Edited 3:44pm
Quoting tommycz
Oh sorry.. I thought you would see if off back tests.

I use almost same box as Grant. Except I place my trade at 6:15, as for Grant I believe is places his trade at 6:00. I use SL of 15 and trade three (3) positons of TP1 of 15, TP2 of 30, TP3 of 45. Of course each time TP is hit I move SL up. And I look at MA 85 on 1 hour TF, not 15min!!. I used to trade this system manually and when MA was inside box, I would look at 15 min TF and drop the 3rd position and only trade 2.
hope that makes sense!

Hi,

Thanks! I noticed that it was visible on the backtest
I wonder what your experience is regarding the EMA? You said that you are using 85 on daily, and that is quite different than 85 on 15M. Have you experienced better results with those settings?

Also, why do you use 4:00-6:15 instead of just until 6?

Regards

Archie
  • #2,935
  • Apr 25, 2010 6:06pm Apr 25, 2010 6:06pm
Quoting Archie
Hi,

Thanks! I noticed that it was visible on the backtest
I wonder what your experience is regarding the EMA? You said that you are using 85 on daily, and that is quite different than 85 on 15M. Have you experienced better results with those settings?

Also, why do you use 4:00-6:15 instead of just until 6?

Regards

Archie
I use MA 85 on 1 hour chart.. not daily. and if it happens to be inside the box, then I switched to 15 min TF and only traded 2 positions instead of 3. As for the entry being 15 min later then Grants, I find it a little better, but that is just me maybe.
I understand grant only risk 15 pips and does 1 (one) trade. I risk the same 15 pips but I trade 3 positions.. so hence 3x the risk of Grants. I used to trade this manually, and this week I will try to automate with an EA.

As for buffer, it is set at 1 pip.
  • #2,936
  • Edited 8:33pm Apr 25, 2010 8:15pm | Edited 8:33pm
tommy,

just to be clear, didn`t you say in an earlier post that you risk 5% of your capital, so wouldn`t that be 5x Grant`s 1%?

get the feeling your system is still a work in progress and haven`t worked it all out yet.....
keep going. if it were me I would let the third trade run without TP to catch the really big moves of 100-200 pips, which happen sometimes. maybe even let it run into (an)other day(s) if there is a big trend.
after all you will be already in profit for 15 + 30 pips from the other 2 positions.


what I like about Grant`s system is that you get stopped out quite a few times, but at the end of the month, you`re still at BE at a minimum.
if the going gets good: watch out!

thanks
  • #2,937
  • Apr 25, 2010 8:44pm Apr 25, 2010 8:44pm
Quoting yonnie
tommy,

just to be clear, didn`t you say in an earlier post that you risk 5% of your capital, so wouldn`t that be 5x Grant`s 1%?

get the feeling your system is still a work in progress and haven`t worked it all out yet.....
keep going. if it were me I would let the third trade run without TP to catch the really big moves of 100-200 pips, which happen sometimes. maybe even let it run into (an)other day(s) if there is a big trend.
after all you will be already in profit for 15 + 30 pips from the other 2 positions.


what I like about Grant`s...
I based my trades on $10,000 basis.. so if I traded 1 full lot per position with a SL of 15 that is 1.5% of my account. Using 3 positions my risk is 4.5%.. am I wrong for assuming it this way? I guess if you compare it to risk per trade, I would end up guess Grants is a better option plus the great RR is gives
  • #2,938
  • Apr 26, 2010 3:01am Apr 26, 2010 3:01am
yes, you`re right......1.5% of $ 10,000 = $ 150
so with a 15 pip SL your position can be 100,000 ie a full lot.

dont know if Grant`s is the better option; only the amount of profit will reveal the winner.
  • #2,939
  • Edited 5:14am Apr 26, 2010 4:55am | Edited 5:14am
I know its not good to muddle too much with a simple system, but has anybody given some thoughts about a more flexible TP concerning Grant`s 75 pips?

today`s low was 1.5374 and we get a signal to go long @ 1.5446 so we`re already up 72 pips for the day.
now suppose the daily ATR is 130, so on average there`s only 58 pips left for the day.

would it be now really be a wise idea to place the order @ 1.5446 and aim for 75 pips?

likewise if the daily move is only 30 pips at entry, would it be better to aim for 80-100 pips?

has anybody thought this through and has come up with a solution that works or is it not a big issue?
  • #2,940
  • Apr 26, 2010 8:12am Apr 26, 2010 8:12am
Hi All,

Yonnie you must be psychic.

Over the last week or so i have had the very same conversation with a couple of traders i know and so have decided to make the following changes to the way i trade the grant system..

reduce intial TP depending on the amount of pips left to ADR (75 pips max)
move SL to BE @ +20

The new TP should still give an excellent Risk/Reward ratio

The reasons for the changes are many and varied but as Yonnie said the moves in Asia on certain days are eating a lot into that days ADR and imho the volatility is reducing going into the UK general elections due to the uncertainty over just which party is going to win and whether or not we have a joint party government.

cheers

Grant
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