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A Simple London Breakout

  • #721
  • May 17, 2010 6:46am May 17, 2010 6:46am
Quote
Due to last weeks bad news, ranges for Eur/Jpy and Gbp/Jpy were extremely high and we had red boxes all week. If this trend continues, I will have to evaluate and raise the "MaxBoxSize" to coincide better with the daily ranges. For example, if we would've changed Eur/Jpy to an 80 pips box size and Gbp/Jpy to a 100 pip box size, we would have made an additional +381 pips. (See pics)

Mer et al,

What do you think of setting the pip box range to a maximum based on current ATR from daily levels?

50 seems like an odd number to pick out of the sky and different pairs move differently. A 40 pip box might be too big for some! While a 75 pip might be just the right size for some.... ?
We are our own best indicator.
  • #722
  • May 17, 2010 6:57am May 17, 2010 6:57am
Quoting rlewan
Hello ,

Can you help me with this problem? I have started ea but got only sell stop orders. There is no buy stop order? What is the problem?

Thank you in advance for your help.
RL
Hi

please use latest EA, it is V3.0 now (in post #653 ).

Also make sure the objPrefix is set to "LB-".

Sq.
  • #723
  • May 17, 2010 12:20pm May 17, 2010 12:20pm
Quote
Mer et al,

What do you think of setting the pip box range to a maximum based on current ATR from daily levels?

50 seems like an odd number to pick out of the sky and different pairs move differently. A 40 pip box might be too big for some! While a 75 pip might be just the right size for some.... ?

I just picked a number that seemed to represent a pip total for all the ranges I'm testing. Yes, some should be lower like Usd/Chf and some could be higher like Gbp/Jpy and Gbp/Chf. If you want to change you box size using ATR, feel free to do so.

The only problem with using ATR is how many periods do you average? 5? 14? 21? What happens when you have a global crisis happening like a few weeks ago which caused a 1100+ pip drop in the Dow which, coincidentally, cause a 1100+ pip drop in the Gbp/Jpy. Are you going to then put a 400+ pip box on the Gbp/Jpy because the ATR says that's what it should be? It's a hard, tough decision and I feel, and take this only as an opinion, that it would create more work in having to change the value everyday than to just have a fixed point. In reality, the only thing the box size represents is the maximum box size you'll tolerate for your specific trading style.
  • #724
  • May 17, 2010 1:17pm May 17, 2010 1:17pm
Quoting mer071898
[color=Blue]I just picked a number that seemed to represent a pip total for all the ranges I'm testing. Yes, some should be lower like Usd/Chf and some could be higher like Gbp/Jpy and Gbp/Chf. If you want to change you box size using ATR, feel free to do so.

The only problem with using ATR is how many periods do you average? 5? 14? 21? What happens when you have a global crisis happening like a few weeks ago which caused a 1100+ pip drop in the Dow which, coincidentally, cause a 1100+ pip drop in the Gbp/Jpy. Are you going to then put a 400+...
I think you have a maximum put into the indicator which you can plug in.

Then also have an entry into the indicator for the ATR specs and for the EA as well. Kind of like what Steve is doing w/ Epsilon.

Then, put it on auto-pilot and see what happens on forward testing.

Just a recommendation to make this a little more automatic and customized over time.
We are our own best indicator.
  • #725
  • May 17, 2010 1:18pm May 17, 2010 1:18pm
SQ...

Here you go, I believe this is a bug.

It opened my 2nd entry and then exited at the wrong buy stop...

Make sense?
Attached Image (click to enlarge)
Click to Enlarge Name: bug.jpg Size: 98 KB
We are our own best indicator.
  • #726
  • May 17, 2010 1:50pm May 17, 2010 1:50pm
Quoting bluemele
SQ...

Here you go, I believe this is a bug.

It opened my 2nd entry and then exited at the wrong buy stop...

Make sense?

not much

the pix is too small to read the values on the chart and the report.
Can you post what the "expert" window reports ?
It logs all actions and alerts/prints so we can check what is going on.
I never saw that behaviour before... very strange...

Have you tries EA V3.0 ?

SQ
  • #727
  • May 17, 2010 2:24pm May 17, 2010 2:24pm
Quoting squalou
not much

the pix is too small to read the values on the chart and the report.
Can you post what the "expert" window reports ?
It logs all actions and alerts/prints so we can check what is going on.
I never saw that behaviour before... very strange...

Have you tries EA V3.0 ?

SQ
SQ...

Well, I feel like a fool. I figured it out. I put my trade ending time @ 18:00 on the indicator/EA and ended up cutting it short. My fault. No error. It looks clean so far besides that!

Up 7.00 today, no Martin and .01 lots! Demo for now.
We are our own best indicator.
  • #728
  • May 17, 2010 4:30pm May 17, 2010 4:30pm
Quoting bluemele
SQ...

Well, I feel like a fool. I figured it out. I put my trade ending time @ 18:00 on the indicator/EA and ended up cutting it short. My fault. No error. It looks clean so far besides that!

Up 7.00 today, no Martin and .01 lots! Demo for now.
good boy...
  • #729
  • May 18, 2010 1:18am May 18, 2010 1:18am
Hallo Mr. Squalou
Can you please modify your indicator V7 in two points:
1) painting and computing box exactly in adjusted time (e.g . 3 - 6 means not 6.15 but 6). As you can see in pictures,difference in 15min bar yesterday was 20 pip (can be more).

2) setting time in localTime (no GMT)

Name it e.g. Frankfurt Break.
And thank you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu m1.gif Size: 15 KB
Click to Enlarge Name: gu m15.gif Size: 14 KB
  • #730
  • Edited 8:43pm May 18, 2010 1:35am | Edited 8:43pm
Okay here are the charts for Monday. Red boxes are losing trades, Blue boxes are winning trades, and Black boxes are open trades that have not been completed and will be added to the next day's updates. No open trades have been carried over from Friday.

I am also raising the MaxBoxSize to 90 pips on 4 pairs- Gbp/Usd, Gbp/Jpy, Eur/Jpy, and Gbp/Chf. This is to take advantage of the higher daily ranges and to allow more trade opportunities.
Eur/Usd

Trade 1= +80 pips
One open trade at this time.

Gbp/Usd

Trade #1= No Trade

 No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd new.jpg Size: 102 KB
Click to Enlarge Name: gbpusd new.jpg Size: 101 KB
  • #731
  • May 18, 2010 1:37am May 18, 2010 1:37am
Usd/Chf

One open trade at this time.

Gbp/Chf

Trade 1= No trade

No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 97 KB
Click to Enlarge Name: gbpchf new.jpg Size: 104 KB
  • #732
  • Edited 8:41pm May 18, 2010 1:38am | Edited 8:41pm
Usd/Jpy

 One open trade at this time.

 Eur/Jpy

One open trades at this time.

 Gbp/Jpy

No trade

No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy new.jpg Size: 103 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 102 KB
Click to Enlarge Name: eurjpy new.jpg Size: 97 KB
  • #733
  • May 18, 2010 1:44am May 18, 2010 1:44am
Quote
1) painting and computing box exactly in adjusted time (e.g . 3 - 6 means not 6.15 but 6). As you can see in pictures,difference in 15min bar yesterday was 20 pip (can be more).

2) setting time in localTime (no GMT)

Lopuch, 1) when computing the box size from 3-6 you must include the whole 6:00 candle. If you don't want to include the whole 6:00 candle, just set the time from 3-5:45.

2) the majority of indicators and EA's are based on GMT time and it was pretty evident earlier on that most people reading this thread despised using local time. I can't speak for him, but I wouldn't expect sqaulou to change it for one person, sorry.
  • #734
  • May 18, 2010 2:45am May 18, 2010 2:45am
Quoting squalou
Hi

please use latest EA, it is V3.0 now (in post #653 ).

Also make sure the objPrefix is set to "LB-".

Sq.
Thank you Squalou !!! I have uploaded V3.0 and it works !!
  • #735
  • May 18, 2010 3:04am May 18, 2010 3:04am
Quoting mer071898
Lopuch, 1) when computing the box size from 3-6 you must include the whole 6:00 candle. If you don't want to include the whole 6:00 candle, just set the time from 3-5:45....
This will not resolve my problem, but forget on it.
  • #736
  • May 18, 2010 4:01am May 18, 2010 4:01am
Hello. Could you please post your indicator settings.
I believe you have EntryFactor - 0.8 and TPfactor 2.618 ??

Quoting mer071898
Lopuch, 1) when computing the box size from 3-6 you must include the whole 6:00 candle. If you don't want to include the whole 6:00 candle, just set the time from 3-5:45.

2) the majority of indicators and EA's are based on GMT time and it was pretty evident earlier on that most people reading this thread despised using local time. I can't speak for him, but I wouldn't expect sqaulou to change it for one person, sorry.
  • #737
  • May 18, 2010 4:20am May 18, 2010 4:20am
These new settings seem a little rough for gbpusd, have you backchecked them at all merl?

Great end result from 2/1 til present of +9060 pips, however...
13x multiplier is used 9 times
34x multiplier is used 3 times
89x multiplier is used 2 times!

When those huge multipliers get opened, the losses before you finally get the win wipe out the gains for a month or more's time until u get them all back with the single win.

On EU this new setup looks real good for the same period, but for GU it's very rocky as you can see.
Of course, since these multipliers don't bother you I'm sure you don't care too much, but figured i'd still make you aware of it if you do care

  • #738
  • May 18, 2010 4:42am May 18, 2010 4:42am
Hello Tazmaan,

What are your settings?

Rgds,
RL


Quoting tazmaan
These new settings seem a little rough for gbpusd, have you backchecked them at all merl?

Great end result from 2/1 til present of +9060 pips, however...
13x multiplier is used 9 times
34x multiplier is used 3 times
89x multiplier is used 2 times!

[color=red]When those huge multipliers get opened, the losses before you finally get the win wipe out the gains for a month or more's time until u get them all back with the single win.

[color=red]On EU this new setup looks real good for the same period, but...
  • #739
  • May 18, 2010 9:38am May 18, 2010 9:38am
Using mer's settings
  • #740
  • May 18, 2010 10:05am May 18, 2010 10:05am
Thanks Tazmaan.
Can you tell me how to disable function closing open positions at SessionEndTime?

Is it possible to close(cancel) only all sell and buy stops but not close open positions? Open positions will be closed on TP or SL when it is hit.
Rgds,
RL


Quoting tazmaan
Using mer's settings
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