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A Simple London Breakout

  • #441
  • Apr 28, 2010 6:08am Apr 28, 2010 6:08am
Quoting camvcvoo
I put V7 into custom indicator folder.
I put script into expert/script folder.

When i compile i got this:
Function "drawFixedLbl" is not referenced and will be removed from exp-file

Normal?
Ignore it.

This is simply because that function is not (yet) used in the indicator.
So the "clever" compiler removes it, and pops a warning for doing that...

Sq.
  • #442
  • Apr 28, 2010 6:12am Apr 28, 2010 6:12am
Quoting macman
Thanks for this, really nice programming.

Does the script still execute if the box created is red?

yep, it doesn't bother about red/blue status, the variables are set by the Indy in any case, so the script will grab them.

I actually have it active on GY at the moment, although Red box status (57p on 04:00-07:00)

Sq.
  • #443
  • Apr 28, 2010 7:47am Apr 28, 2010 7:47am
Quoting joannesnoel
Huge lost this month with this system. Bad Luck or what?
Sorry this happened man... Been there myself too... Well... with different system, not this one.

Just got another 2 TP hit on todays breakout. That's 6 hit total today without losing a single one.

By the way, I used to trade with 10 pairs with this method. But now, I am getting serious with this system, so I am dropping 5 pairs away. I am picking my pairs by their movement pattern inside the London Breakout box and fibo. Some pairs just too often to get sideway (hit bothways too often) and some are just too slow. Some other I dropped for high spread risk.

My pick : GU, EU, EJ, UC, EG

Dropped:AU, GJ, UJ, EC and NU

Hope this help....
  • #444
  • Apr 28, 2010 9:46am Apr 28, 2010 9:46am
Quote
and the new settings are.....
:drumroll:


Patience young jedi, patience. I will probably let the cat out of the bag over the weekend after I see how the week goes using the settings.

Quote
V7 of the Indicator has the following improvements:
Another incredible job squalou, especially incorporating Steve's script, thanks again for your work. As I said before, I will take the indicator and post it on page 1 and I will only put a single indicator (leaving on the version #) and template there so everyone will be on the same page. This way each of can make our own changes and use whatever parameters we desire to use.

Quote
you talked too much or not enough...
now we're all eager to see the teaser...
!!!
Like I said to sangmane above, patience my boy.

Quote
Huge lost this month with this system. http://cdn.forexfactory.com/images/smilies/yim/sad.gif Bad Luck or what?
I'm sorry your having such bad results, how many pairs are you using? Are you using the strategy with or without the multipliers? Are you sure your times are in line with your broker's times? Are you taking just one trade a day or all available trades? Ask yourself these questions and you mind find something out that your not doing or you may find a setting that's incorrect.

  • #445
  • Apr 28, 2010 10:20am Apr 28, 2010 10:20am
My time is setup properly. I can compare your screenshots with mine and it's the same. I really dont have much time staring at the screen, every time the box is complete I setup the stops and forget. Then I just check the results by morning. I trade on all 5 pairs. GBPUSD,EURUSD,USDJPY,EURJPY, USDCHF.

I followed the system but I don't know why its not working for me. Once the stoploss is hit, I do not re-enter same position when it hits entry again.
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  • #446
  • Apr 28, 2010 10:22am Apr 28, 2010 10:22am
Quoting squalou
Hi Lopuch,
interesting....
The box is drawn once the time is .......
Does not solve this problem using data from M1 TF in 15M?

(Ou - its Perfect script)
  • #447
  • Apr 28, 2010 10:31am Apr 28, 2010 10:31am
Quote
My time is setup properly. I can compare your screenshots with mine and it's the same. I really dont have much time staring at the screen, every time the box is complete I setup the stops and forget. Then I just check the results by morning. I trade on all 5 pairs. GBPUSD,EURUSD,USDJPY,EURJPY, USDCHF.

I followed the system but I don't know why its not working for me. Once the stoploss is hit, I do not re-enter same position when it hits entry again. http://cdn.forexfactory.com/images/smilies/yim/sad.gif

There is nothing wrong with taking one trade a day. Are you using the multipliers when you have a loss? Even if you don't use my multipliers, you can use you own levels, although anything less than what I use may not recoup all of the losses, it will definitely help.
  • #448
  • Apr 28, 2010 10:38am Apr 28, 2010 10:38am
Quoting Lopuch
Does not solve this problem using data from M1 TF in 15M?

(Ou - its Perfect script)
well, you can always display the chart in M1 TF, and set the endTime to 07:14 (to keep the 07:00-07:15 data into the box, as Mer suggested),
so the box will still lock at 07:15, but what i will now call the "Lopuch glitch window" (if you would allow me ), will remain open during only 1 minute instead of 15 minutes.

I'll try to come-up with a patch to that "glitch"...

Sq.
  • #449
  • Apr 28, 2010 2:27pm Apr 28, 2010 2:27pm
Quoting mer071898
There is nothing wrong with taking one trade a day. Are you using the multipliers when you have a loss? Even if you don't use my multipliers, you can use you own levels, although anything less than what I use may not recoup all of the losses, it will definitely help.
I dont use any multipliers. I also do not use martingales. Thanks man! I'll try that tommorow. What currency pairs do you suggest bro?

I lost a little, but I wont stop until I get the correct settings. I am still in profit this week anyway with other signals I use.

Cheers!
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  • #450
  • Apr 28, 2010 2:48pm Apr 28, 2010 2:48pm
Quote
I dont use any multipliers. I also do not use martingales. Thanks man! I'll try that tommorow. What currency pairs do you suggest bro?

I lost a little, but I wont stop until I get the correct settings. I am still in profit this week anyway with other signals I use. http://cdn.forexfactory.com/images/s...m/big_grin.gif

Cheers!

I really don't have a preference except for making sure the spread is low. Pairs that have a larger daily range also helps.
  • #451
  • Apr 28, 2010 3:20pm Apr 28, 2010 3:20pm
Quoting mer071898
I really don't have a preference except for making sure the spread is low. Pairs that have a larger daily range also helps.
okay. thanks for the quick response. i'll look forward for a better trade tomorrow. Gotta rest! Keep up the good work!
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  • #452
  • Apr 28, 2010 8:34pm Apr 28, 2010 8:34pm
The Fed left interest rates unchanged as expected, meaning the prevailing trends for all the majors will resume come London tomorrow. A little heads up for folks using the manual approach.
From the tips to the dips, it's all about the pips
  • #453
  • Apr 28, 2010 8:38pm Apr 28, 2010 8:38pm
I am not so sure on that as there are questions whether or not Germany will pony up and bail out Greece. The euro is a complete mess right now as Greece and other euro countries have major questions.

Regards,
Jeff

Quoting theforexpert
The Fed left interest rates unchanged as expected, meaning the prevailing trends for all the majors will resume come London tomorrow. A little heads up for folks using the manual approach.
  • #454
  • Apr 28, 2010 10:19pm Apr 28, 2010 10:19pm
Quoting mer071898
Here is a simple London breakout strategy based on a variation of my BoxFibo indicator from my London Progressive Strategy thread.

I simplified the indicator to place the initial entry points just between what would normally be the 27 and 38.2 fib extensions on both sides of the box. I didn't want to extend it past the 38.2 extension, although it can be feasibly accomplished, because the farther away we move our target, the tougher it is to reach the intended targets as it move in proportion to the box size. I wanted to make sure we had a higher...
Good morning mer071898,

first of all, thank you very much for sharing your work with others in this community here. I am rather new to ea and just started, my background is from FX Options trading (later FICC) and hopefully over the time i can make an input with regards to modelling quality by inserting indicators from that market........

I was just referred to your thread and wanted to do a quick learning by doing.....however I get some error messages immediately when the ea is firing up.

I am on a Alpari UK demo version and my computer time is GMT+1. I tried to work with all your default setups and get the following message:
pending long order send failed with error (130): invalid stops please try again

can you help plse? Thanks a lot
  • #455
  • Apr 28, 2010 10:24pm Apr 28, 2010 10:24pm
Quote
I was just referred to your thread and wanted to do a quick learning by doing.....however I get some error messages immediately when the ea is firing up.

I am on a Alpari UK demo version and my computer time is GMT+1. I tried to work with all your default setups and get the following message:
pending long order send failed with error (130): invalid stops please try again

can you help plse? Thanks a lot

Steve Hopwood is the creator of the EA. Any questions you have you'd be better off pm'ing him as I don't use the EA personally.

  • #456
  • Apr 28, 2010 10:46pm Apr 28, 2010 10:46pm
Quoting mer071898
Steve Hopwood is the creator of the EA. Any questions you have you'd be better off pm'ing him as I don't use the EA personally.

ok got u, tx a lot, I tried my luck!

cheers
  • #457
  • Apr 28, 2010 11:07pm Apr 28, 2010 11:07pm
Here are Wednesday's results:

Eur/Usd

04:00 to 07:00

No Martingale

-45
+35
-45
-45 =
-100 pips

With Martingale Multiplier

-45
+70 (+35 x 2)
-45
-90 (-45 x 2)
-110 pips

We'll start out tonight with a multiplier of 5 on this set.

03:00 to 06:00

No Martingale

+26
+26
-34
+26
-34
+34
-34 =
+10 pips

With Martingale Multiplier

+26
+26
-34
+52 (+26 x 2)
-34
+68 (+34 x 2)
-34 =
+70 pips

We'll start out tonight with a multiplier of 2 on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 4-7.jpg Size: 102 KB
Click to Enlarge Name: eurusd 3-6.jpg Size: 105 KB
  • #458
  • Apr 28, 2010 11:10pm Apr 28, 2010 11:10pm
Gbp/Usd

04:00 to 07:00

No Martingale

No Trade

With Martingale Multiplier

No Trade

We'll start out fresh tonight with no multipliers on this set.

03:00 to 06:00

No Martingale

+31 =
+31 pips

With Martingale Multiplier

N/A

We'll start out fresh tonight with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 4-7.jpg Size: 89 KB
Click to Enlarge Name: gbpusd 3-6.jpg Size: 89 KB
  • #459
  • Apr 28, 2010 11:11pm Apr 28, 2010 11:11pm
Usd/Jpy

04:00 to 07:00

No Martingale

+27 =
+27 pips

With Martingale Multiplier

N/A

We'll start out fresh tonight with no multipliers on this set.

03:00 to 06:00

No Martingale

+28 =
+28 pips

With Martingale Multiplier

N/A

We'll start out fresh tonight with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 4-7.jpg Size: 90 KB
Click to Enlarge Name: usdjpy 3-6.jpg Size: 91 KB
  • #460
  • Apr 28, 2010 11:13pm Apr 28, 2010 11:13pm
Eur/Jpy

04:00 to 07:00

No Martingale

No Trade

With Martingale Multiplier

No Trade

We'll start out fresh tonight with no multipliers on this set.

03:00 to 06:00

No Martingale

+49
+49 =
+98 pips
With Martingale Multiplier

N/A

We'll start out fresh tonight with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 4-7.jpg Size: 90 KB
Click to Enlarge Name: eurjpy 3-6.jpg Size: 93 KB
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