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A Simple London Breakout

  • #621
  • May 8, 2010 8:09am May 8, 2010 8:09am
Quoting merlintrade
With this method (without martiangle) i used to get +31 pips this week and in April starting mid granted +100 over pips . Those for GBPUSD Only. Easy to use, can suit my money management if the range is huge, very clear entry/exit & this thread is helping me a lot as i'm a newbie that always loss...
whats your setting? may i know? so that i can have as much pips as you do. thanks.
  • #622
  • May 8, 2010 8:12am May 8, 2010 8:12am
Quoting squalou
Yes, that will be added to the EA too, definitely.


Sq.
hi squalou. i have an idea, can you have gmt offset in ea?..and remove the local time, and server time..just my opinion,,
  • #623
  • May 8, 2010 9:12am May 8, 2010 9:12am
What time span should be based on time zone gmt ?
  • #624
  • May 8, 2010 10:13am May 8, 2010 10:13am
Quoting africa6
What time span should be based on time zone gmt ?
the 2-5 gmt and 3-6 gmt. either of the 2.
  • #625
  • May 8, 2010 11:11am May 8, 2010 11:11am
Quoting kesterpogz
whats your setting? may i know? so that i can have as much pips as you do. thanks.
Posted on #603 ..
  • #626
  • May 9, 2010 12:35am May 9, 2010 12:35am
Hi,
Great tread and great learning, can steve or sq. add a function of martingale in there EA, then this strategy will complete and can be test on long run, many thanks to all co-ordination
  • #627
  • May 9, 2010 1:01am May 9, 2010 1:01am
Quoting merlintrade
Posted on #603 ..
Entry Factor : 0.4
TP Factor : 1.1
Period : 0:00 to 7:00

is 0-7 gmt time??.. is this the trading hour?..
  • #628
  • May 10, 2010 12:10am May 10, 2010 12:10am
Hello boys.
I am using Idicator V9.
So right now i am waiting for levels to be appeared.
I use Alpari Russia and GMT time is set correctly BUT.
Right now I see this picture!!!!
But when levels should appear?
Attached Image (click to enlarge)
Click to Enlarge Name: eurm15.JPG Size: 51 KB
  • #629
  • May 10, 2010 12:15am May 10, 2010 12:15am
Oh sorry I think I understood why.
  • #630
  • May 10, 2010 1:47am May 10, 2010 1:47am
SQUALOU

Hello. I use Script V3.1, works fine.

I am wondering is there any possibility to make when I use CloseHalfTradeAtHalfTP after first target is hit script put second order stop loss to Break Event?

Right now mine first target on EURJPY is nicely hit and second order I moved stop loss to BE by hands.
  • #631
  • May 10, 2010 2:19am May 10, 2010 2:19am
Quoting stace
SQUALOU

Hello. I use Script V3.1, works fine.

I am wondering is there any possibility to make when I use CloseHalfTradeAtHalfTP after first target is hit script put second order stop loss to Break Event?

Right now mine first target on EURJPY is nicely hit and second order I moved stop loss to BE by hands.
'

i use the v9 of the indicator.. the breakout time had already past but it still did not draw the box. why is that?
  • #632
  • May 10, 2010 2:20am May 10, 2010 2:20am
Quoting stace
Oh sorry I think I understood why.
can you explained it to me? i have also the problem.
  • #633
  • May 10, 2010 2:35am May 10, 2010 2:35am
Quoting kesterpogz
can you explained it to me? i have also the problem.
I dont know, after 15 minutes box was drawn.
that why i canceled my question.

can you post image of your situation and what broker and what GMT time broker has?
  • #634
  • May 10, 2010 2:48am May 10, 2010 2:48am
Quoting stace
I dont know, after 15 minutes box was drawn.
that why i canceled my question.

can you post image of your situation and what broker and what GMT time broker has?

Hi,

As Mer explained in some posts, the box INCLUDES the bar that is starting to form at the "EndTime".

Meaning that:

on M15 chart, with EndTime set to 07:00, the box will draw at the END of the 15-minutes bar starting at 07:00, so it will draw the box at 07:15.

Sq.
  • #635
  • May 10, 2010 2:50am May 10, 2010 2:50am
Quoting stace
SQUALOU

Hello. I use Script V3.1, works fine.

I am wondering is there any possibility to make when I use CloseHalfTradeAtHalfTP after first target is hit script put second order stop loss to Break Event?

Right now mine first target on EURJPY is nicely hit and second order I moved stop loss to BE by hands.
Stace,

this is a SCRIPT, not an EA
SCRIPTS eexecute only ONCE, AT THE TIME YOU RUN IT.

You have to move BE manually when using the script.
This is also known as "MANUAL TRADING"


Sq.
  • #636
  • May 10, 2010 3:09am May 10, 2010 3:09am
Quoting squalou
Hi,

As Mer explained in some posts, the box INCLUDES the bar that is starting to form at the "EndTime".

Meaning that:

on M15 chart, with EndTime set to 07:00, the box will draw at the END of the 15-minutes bar starting at 07:00, so it will draw the box at 07:15.

Sq.
that is not the case with my chart though. its past 2 hrs since the breakout box should be drawn. even with i reload it to the chart it doesnt draw ..btw, i attached the indicator together with the ea.. all the latest releases.

i think it has something to do with the broker time. see my attached image below.
Attached Image (click to enlarge)
Click to Enlarge Name: no box.JPG Size: 138 KB
  • #637
  • May 10, 2010 3:12am May 10, 2010 3:12am
Quoting kesterpogz
that is not the case with my chart though/. its past 2 hrs since the breakout box should be drawn. even with i reload it to the chart it doesnt draw ..btw, i attached the indicator together with the ea.. all the latest releases.
if the range is very high and beyond box, i dont think box will be drawn. today for some pairs no box
  • #638
  • May 10, 2010 3:18am May 10, 2010 3:18am
Quoting roundrock
if the range is very high and beyond box, i dont think box will be drawn. today for some pairs no box
if the range is high, depending on your setting. mine is max 50 pips. then it should still draw a box. but with the red color.
  • #639
  • May 10, 2010 4:08am May 10, 2010 4:08am
It was my understanding, that the ea would send new limit orders after a successfully closed TP trade had occurred.

My GBP USD long closed at TP 20 minutes ago, but new limit buy order has not been made.

Anyone else ?
  • #640
  • May 10, 2010 4:30am May 10, 2010 4:30am
Hi Guys...

troubles trading on mondays ?....

Can you zoom out your charts and tell me if this happens all ALL mondays on your charts ?

I get the same result if i set my box to start at 23:00 and end and 02:00 for instance, ie when it has midnight INSIDE the box.

I think it has --again-- to do with broker-vs-local time...

I think we should remove the line 251 in IndicatorV9:

Inserted Code
    if (TimeDayOfWeek(tBoxStart)==0) return; //don't show saturday; sunday=0~saturday=6;
It fixes it on my charts, so please try it and feedback on the result, so we can update the indicator ASAP.

Sq.
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