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A Simple London Breakout

  • #481
  • Apr 30, 2010 1:50am Apr 30, 2010 1:50am
Here are Thursday's results:

Eur/Usd

04:00 to 07:00

No Martingale

-46
-12 =
-58 pips

With Martingale Multiplier

-230 (-46 x 5)
-156 (-12 x 13) =
-386 pips

We'll start out tonight with a multiplier of 34 on this set.

03:00 to 06:00

No Martingale

-40
+31
+31
-8 =
+54 pips

With Martingale Multiplier

-80 (-40 x 2)
155 (+31 x 5)
+31
-8 =
+98 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.gif Size: 38 KB
Click to Enlarge Name: eurusd 3-6.gif Size: 42 KB
  • #482
  • Edited 2:04am Apr 30, 2010 1:52am | Edited 2:04am
Gbp/Usd

04:00 to 07:00

No Martingale

+39 =
+39 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

+36 =
+36 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.gif Size: 35 KB
Click to Enlarge Name: gbpusd 3-6.gif Size: 37 KB
  • #483
  • Apr 30, 2010 1:54am Apr 30, 2010 1:54am
Usd/Jpy

04:00 to 07:00

No Martingale

+12
+12
+12
+12 =
+48 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

+14
+14 =
+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.gif Size: 44 KB
Click to Enlarge Name: usdjpy 3-6.gif Size: 44 KB
  • #484
  • Apr 30, 2010 1:57am Apr 30, 2010 1:57am
Eur/Jpy

04:00 to 07:00

No Martingale

+0 =
+0 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

+35
+35 =
+70 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.gif Size: 39 KB
Click to Enlarge Name: eurjpy 3-6.gif Size: 41 KB
  • #485
  • Apr 30, 2010 2:03am Apr 30, 2010 2:03am
Usd/Chf

04:00 to 07:00

No Martingale

-33
-5=
-38 pips

With Martingale Multiplier

-66 (-33 x 2)
-25 (-5 x 5) =
-5 pips

We'll start out tonight with a multiplier of 13 on this set.

03:00 to 06:00

No Martingale

-26
+20
+20
+20=
+34 pips

With Martingale Multiplier

-52 (-26 x 2)
+100 (+20 x 5)
+20
+20 =
+88 pips

We'll start out fresh tonight with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf 4-7.gif Size: 39 KB
Click to Enlarge Name: usdchf 3-6.gif Size: 39 KB
  • #486
  • Apr 30, 2010 2:51am Apr 30, 2010 2:51am
It shows the stops, entry, and profit target right on the indicator.
  • #487
  • Apr 30, 2010 3:02am Apr 30, 2010 3:02am
Hi Mer....I'm waiting for your settings....
Have a nice trade....
  • #488
  • Apr 30, 2010 7:01am Apr 30, 2010 7:01am
@ merlintrade

kindly write your blog in English
The World As It Is Can Do With Your Positive Disposition
  • #489
  • Apr 30, 2010 7:21am Apr 30, 2010 7:21am
Hi,
Can I ask which broker you are using for the charts shown on this page?
  • #490
  • Apr 30, 2010 11:00am Apr 30, 2010 11:00am
Quote
Hi,
Can I ask which broker you are using for the charts shown on this page?

I use The Collective FX For all of my examples and results.

Quote
Hi Mer....I'm waiting for your settings....
Have a nice trade....http://cdn.forexfactory.com/images/s...ydreaming_.gifhttp://cdn.forexfactory.com/images/s...im/dancing.gif

I plan on figuring up results this weekend to see how it worked out. I just don't want everyone to get too excited you know, we're not doing anything completely new, just different settings and possibly holding trades a little longer than we are now. I have more details up over the weekend
  • #491
  • Apr 30, 2010 8:08pm Apr 30, 2010 8:08pm
Mer,

I believe an error was made on the math below. 5 X 30 = 300 or am I calculating wrong?

Also, curious if you have a more formal layout to analyze days and currencies separately like the request for a spreadsheet or one location for the results.

Seems like a great system thus far.

I am curious, you mentioned a 50K account, so to be 'safe' using the Martingale, what would be your starting positions? .01, .04, .1 etc..?

Thanks,

Blue

Quoting mer071898
Gbp/Usd

04:00 to 07:00

No Martingale

-39
-39
+30
[u]+30...
We are our own best indicator.
  • #492
  • May 1, 2010 1:07am May 1, 2010 1:07am
Quote
Mer,

I believe an error was made on the math below. 5 X 30 = 300 or am I calculating wrong?

Also, curious if you have a more formal layout to analyze days and currencies separately like the request for a spreadsheet or one location for the results.

Seems like a great system thus far.

I am curious, you mentioned a 50K account, so to be 'safe' using the Martingale, what would be your starting positions? .01, .04, .1 etc..?

Thanks,

Blue
No, you are correct. It is an addition error, but I was unable to catch it and edit it before the post was closed for editing, sorry.

If someone has the experience with spreadsheets, I'm all for it, but I'm totally a newb when it comes to anything that has to do with MS Office.

If you traded on a standard account where .01 lots = $.10 a pip and went up to say, 8 levels (.01, .02, .05, .13, .34, .89, 2.33, and 6.1). You would have 9.87 lots in play. My usual rule is no less than $10,000 for every 1 lot traded (based on 100:1 leverage). So, in reality, you should have $98,700 to be "safe" and 1/2 to 2/3 of that if you feel like taking a little more risk. If you are using a mini account (.01 lots = $.01 a pip) you would like to have $9,870 to be "safe". On mini account, you can lower that even more depending on what kind of leverage your broker can offer. This is general too rich for most but that should not deter you from practicing and making your own improvements like other have done to fit your own trading style.

This is not designed to be a system that will double your account every month and for those who are looking for such a system, please don't waste your time here on this thread because this is not what your looking for. It is more in line with 8-10 % a month, which is be more realistic to true trading results, ask any real trader. Now I can't offer any guarantees that you will not go past 8 levels, but I'll tell you this, I've never hit 2.33 lots yet in 6 months worth of visual backtesting.
  • #493
  • May 1, 2010 1:17am May 1, 2010 1:17am
Here are Friday's results:

Remember, All trades closed at the end of the 17:00 candle whether profitable or not.

Eur/Usd

04:00 to 07:00

No Martingale

+26
+26 =
+52 pips

With Martingale Multiplier

+884 (+26 x 34)
+26 =
+910 pips

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

03:00 to 06:00

No Martingale

+32
+32 =
+64 pips

With Martingale Multiplier

+64 (+32 x 2)
+32 =
+96 pips

We'll start out fresh on Monday with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 4-7.jpg Size: 95 KB
Click to Enlarge Name: eurusd 3-6.jpg Size: 93 KB
  • #494
  • May 1, 2010 1:21am May 1, 2010 1:21am
Gbp/Usd

04:00 to 07:00

No Martingale

No Trade

With Martingale Multiplier

No Trade

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

03:00 to 06:00

No Martingale

-45
+34
+34
+20 =
+43 pips

With Martingale Multiplier

-45
+68 (+34 x 2)
+34
+20 =
+77 pips

We'll start out fresh on Monday with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 4-7.jpg Size: 93 KB
Click to Enlarge Name: gbpusd 3-6.jpg Size: 100 KB
  • #495
  • May 1, 2010 1:25am May 1, 2010 1:25am
Usd/Jpy

04:00 to 07:00

No Martingale

+18
+6 =
+24 pips

With Martingale Multiplier

N/A

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

03:00 to 06:00

No Martingale

+25
-2 =
+23 pips

With Martingale Multiplier
+25
-2 = +25 pips

We'll start out on Monday with a multiplier of 2 on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 4-7.jpg Size: 86 KB
Click to Enlarge Name: usdjpy 3-6.jpg Size: 99 KB
  • #496
  • May 1, 2010 1:27am May 1, 2010 1:27am
Eur/Jpy

04:00 to 07:00

No Martingale

+33
+33 =
+66 pips

With Martingale Multiplier

N/A

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

03:00 to 06:00

No Martingale

+22
+22 =
+44 pips
With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 4-7.jpg Size: 94 KB
Click to Enlarge Name: eurjpy 3-6.jpg Size: 92 KB
  • #497
  • May 1, 2010 1:31am May 1, 2010 1:31am
Usd/Chf

04:00 to 07:00

No Martingale

+20 =
+20 pips

With Martingale Multiplier

+260 (+20 x 13)=
+260 pips

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

03:00 to 06:00

No Martingale

+22=
+22 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf 4-7.jpg Size: 97 KB
Click to Enlarge Name: usdchf 3-6.jpg Size: 91 KB
  • #498
  • May 1, 2010 2:33am May 1, 2010 2:33am
Quoting sangmane
Finally, I have someone that use my EA and give feedback.

Tazman, you are right about my EA's reentry. I think if we are talking about breakout, it has to go inside the range before making a new trigger. Re-entry just because it taps the initial entry, make it a "bouncing" instead of "breaking out". Anyway, I'll recode the EA to see if we get difference result.
Hi Sangmane,
Did you happen to ever recode the bot to work as Mer is doing things? Wouldn't mind having it trading exactly how he is with the reentries, seems his method over the last 3 weeks outperforms the way your bot currently does it now.
Look forward to playing with if if u decide to edit the logic for reentries
  • #499
  • May 1, 2010 9:45am May 1, 2010 9:45am
Quoting mer071898
No, you are correct. It is an addition error, but I was unable to catch it and edit it before the post was closed for editing, sorry.

If someone has the experience with spreadsheets, I'm all for it, but I'm totally a newb when it comes to anything that has to do with MS Office.
MER,

Check out docs.google.com and just publish it for all to see. If you can figure out Metatrader and this system, than that will be child's play. Only if you want to of course. Also, you could send me the info and I can do it up online for you.

Per the Martingale, I have used a different # of systems for that. With this system, if you are trading 5 currencies, then you need 500K in reserves and to make 50K per month (10%) then it doesn't seem to quite match up in my math with the current pips you are making. I will study it some more and analyze the differences, but thank you for the explanation. Just trying to nail this down a little more so I can decide to invest or not, but again, thank you for sharing your system!

Aloha,

Blue
We are our own best indicator.
  • #500
  • May 1, 2010 11:03am May 1, 2010 11:03am
In the 3 weeks results have been published to this thread, the total pip count for the original hours (4-7) is 4687, with highest level hitting 34
In the 1.5 weeks results have been published for the adjusted hour (3-6), the total pip count is 1897 with highest level hitting 34.

Adjusted hour has made 31 more pips than original so far in the 1.5 weeks, fyi.

If you were trading micro lots, this would equate to $0.10 per pip (or $468 3weeks/$189 1.5weeks)

guess it all depends on how much capital you really need to have in order to trade .01 starting lot.
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