Attachments: 0400-0700 GMT Breakout Strategy

0400-0700 GMT Breakout Strategy

#2,961
May 4, 2010 2:37am May 4, 2010 2:37am

Archie
| Joined Apr 2008 | Status: Trader | 309 Posts

Hi,

No trade today since EMA is inside the box.

Archie

#2,962
May 10, 2010 6:10pm May 10, 2010 6:10pm

maq
| Joined Jan 2009 | Status: Trader | 290 Posts

well 10 may a winner

"The person who knows that enough is enough, will always have enough". .

#2,963
May 10, 2010 10:03pm May 10, 2010 10:03pm

hb2
| Joined Dec 2006 | Status: Trader | 47 Posts

Quoting grant18265

Disliked

Hi All,

Attached is the SS of my results to date for 2010..

I took the trade today and got hit for -15...

cheers

Grant

Ignored

GREAT!!

Lazy Forex

#2,964
May 18, 2010 12:51am May 18, 2010 12:51am

feversam
| Joined Jan 2010 | Status: Trader | 61 Posts

yesterday and today hit SL

how about the others?

#2,965
May 25, 2010 4:21pm May 25, 2010 4:21pm

Bambo0
| Joined Apr 2010 | Status: Trader | 44 Posts

Hello,

today a full 70 pips & the basic 25, after several SLs...

br
Bambo0

#2,966
May 28, 2010 4:01pm May 28, 2010 4:01pm

plypun
| Joined Nov 2008 | Status: Trader | 6 Posts

Quoting tommycz

Disliked

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!

Ignored

I test EA. It's place the order but It's out of the box.

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#2,967
Jun 2, 2010 7:24am Jun 2, 2010 7:24am

voykal
| Joined Jun 2010 | Status: Trader | 3 Posts

Hey guys,

new to the forum here. have been lurking for some time now
but finally feel like contributing.

The whole idea of a box-breakout system seems very interesting to me but something is missing IMHO. Have you guys already tried to put a fibonacci retracement over the box?

something along the lines of, for example in a long trade.

EP one pip past 100 level
SL at 61.8 level
TP1 at 138.2, TP2 at 161.8 and even TP3 at 200

when you hit tp1, you move sl to BE.

its just an idea, maybe it works

kind regards,

voykal

#2,968
Jul 5, 2010 11:57am Jul 5, 2010 11:57am

maq
| Joined Jan 2009 | Status: Trader | 290 Posts

can anyone post results from start may onwards as i have not kept an eye on things here

"The person who knows that enough is enough, will always have enough". .

#2,969
Jul 5, 2010 12:19pm Jul 5, 2010 12:19pm

grant18265
Joined Jun 2009 | Status: Trader | 317 Posts

this is what i have for the year.

one of the SL's last wek got me by 0.6 of a pip, so some brokers may have a given a BE trade..

cheers

Grant

Attached File(s)

Breakout System 2010 Comparison.xls 33 KB | 886 downloads

#2,970
Jul 5, 2010 3:53pm Jul 5, 2010 3:53pm

Mandl2007
| Membership Revoked | Joined Nov 2008 | 279 Posts

so excuse me - but your results are a demonstration of malfunction of this method !

Fighting a hole month for 30pips ?

May be, the main problem is: how could we filter the numerous false breakouts ?

It's very quiet here now - for understanable reasons

#2,971
Jul 6, 2010 12:15am Jul 6, 2010 12:15am

grant18265
Joined Jun 2009 | Status: Trader | 317 Posts

Quoting Mandl2007

Disliked

so excuse me - but your results are a demonstration of malfunction of this method ! Fighting a hole month for 30pips ?

May be, the main problem is: how could we filter the numerous false breakouts ?
It's very quiet here now - for understanable reasons

Ignored

i guess it depends on what you call fighting...

if you class looking at a GU chart for 10 seconds every morning fighting then yes you are correct.

for me, 10 seconds work every morning to gain 3 times more in 6 months than a UK bank would give me in a year isnt a fight.

and if you have any bright ideas for filtering the false breakouts then i and i'm sure anyone else will be all ears.

cheers

Grant

#2,972
Jul 19, 2010 3:40pm Jul 19, 2010 3:40pm

fosters
| Joined Feb 2008 | Status: Trader | 119 Posts

Please I need an EA showing time remaining for the recent candle to close in a chart.

Thanks in advance.

#2,973
Jul 23, 2010 3:45am Jul 23, 2010 3:45am

diavolul
Joined May 2010 | Status: Full time trader | 731 Posts

I use to put a pending in both directions, long and short, spread + 1 pip outside the 4-7 time range.

I have tested on history, for 1 month and 1/2 with positive results and I am confident this strategy works very well even this week I am a little on the downside.

Here are the results from this week:

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Have a nice week-end.

#2,974
Jul 27, 2010 9:57am Jul 27, 2010 9:57am

masternico
| Joined Jul 2008 | Status: Trader | 36 Posts

hi, i'm trading this strategy with the box breakout ea and it works quite fine.
however, it would work better if the ea had a totally normal trailing stop.
the trailing stop it has does not work.
can someone help me, take that trailing stop out and program a normal visible trailing stop into the ea?
thanks

Attached File(s)

Box_Breakout_V1.3.mq4 19 KB | 1,199 downloads

#2,975
Jul 27, 2010 3:44pm Jul 27, 2010 3:44pm

Leviathan
| Joined Jul 2010 | Status: Trader | 49 Posts

What ever became of this strategy anyway? Like so many others I see here, people get involved and then drift off to the next thing, leaving this one to die or to be taken up by a new group of people waiting to jump to the next thing.

People always talk about breakout systems like they're profitable. I can never seem to find a breakout thread on FF that doesn't die off. If it's profitable, is anyone still doing it? How? Is the first post still relevant, or no?

#2,976
Jul 28, 2010 10:11am Jul 28, 2010 10:11am

ducke
| Joined Nov 2009 | Status: Trader | 57 Posts

Quoting Leviathan

Disliked

What ever became of this strategy anyway? Like so many others I see here, people get involved and then drift off to the next thing, leaving this one to die or to be taken up by a new group of people waiting to jump to the next thing.

People always talk about breakout systems like they're profitable. I can never seem to find a breakout thread on FF that doesn't die off. If it's profitable, is anyone still doing it? How? Is the first post still relevant, or no?

Ignored

You are wrong! See http://www.forexfactory.com/showthread.php?t=2331

Ducke