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A Simple London Breakout

  • #741
  • Edited 4:02pm May 18, 2010 2:18pm | Edited 4:02pm
Quote
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.
Like I said, that is the risk you must be willing to accept when using martingale methods. Again the secret is to have you account properly funded to handle such situations. Every pair is going to provide different results, as in the Eur/Usd you mentioned. It is always a good idea to use multiple pairs which can combat the drawdowns and help build up the account. Also using non-correlated pairs that do not mimic each other may help as well.

Quote
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

I think sqaulou is working on this in his next version, not sure though.
  • #742
  • May 18, 2010 2:35pm May 18, 2010 2:35pm
can someone upload the .tpl for those indicators? bcause my chart is messed up. tq
  • #743
  • May 18, 2010 3:29pm May 18, 2010 3:29pm
Quoting rlewan
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
I am not using the ea for backtesting and collecting stats. Both the indicator and the ea are buggy for me, so am waiting until kinks get ironed out. Can't even drop that ea on a chart, as it wants to immediately set the two pending trades as soon as I do.
  • #744
  • Edited 10:39am May 19, 2010 12:45am | Edited 10:39am
Okay here are the charts for Tuesday. 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.

I have changed the box size size for Gbp/Usd, Gbp/Chf, Eur/Jpy, and Gbp/Jpy this week due to their higher daily ranges and stronger movements

Eur/Usd

Trade 1= +80 pips from Monday
Trade 2= -105 pips
Trade 3= +212 pips (+106 x 2)
No open trades at this time.

Gbp/Usd

Trade 1= -112 pips
Trade 2= +226 pips (+113 x 2)

 No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd new.jpg Size: 114 KB
Click to Enlarge Name: gbpusd new.jpg Size: 107 KB
  • #745
  • Edited 3:06pm May 19, 2010 12:50am | Edited 3:06pm
Usd/Chf

Trade 1= +73 pips
Trade 2= -95 pips
Trade 3= +192 pips (+96 x 2)
One open trade at this time.

Gbp/Chf

Trade 1= -64 pips

One open trade at this time using a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 113 KB
Click to Enlarge Name: gbpchf new.jpg Size: 110 KB
  • #746
  • May 19, 2010 12:56am May 19, 2010 12:56am
Usd/Jpy

Trade 1= -62 pips from Monday (next valid entry will use a multiplier of 2.
Trade 2= -56 pips

 One open trade at this time with a multiplier of 2.

 Eur/Jpy

Trade 1= +138 pips from Monday
Trade 2= -158 pips
Trade 3= +358 pips (+159 x 2)

No open trades at this time.

 Gbp/Jpy

Trade 1= -157 pips
Trade 2= +358 pips (+159 x 2)
No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy new.jpg Size: 111 KB
Click to Enlarge Name: eurjpy new.jpg Size: 109 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 104 KB
  • #747
  • May 19, 2010 1:26am May 19, 2010 1:26am
what is ur maximum box size for each pair?
  • #748
  • May 19, 2010 1:35am May 19, 2010 1:35am
Quoting iamloco
what is ur maximum box size for each pair?

Hi All..

I trade basically the same system just different setting and when I have a large box, 60 or more, i adjust the times to get a manageable box size to trade. This way I can at least still get some trades in.
  • #749
  • May 19, 2010 1:49am May 19, 2010 1:49am
Quoting rjlacha
Hi All..

I trade basically the same system just different setting and when I have a large box, 60 or more, i adjust the times to get a manageable box size to trade. This way I can at least still get some trades in.
Different pair should have different box size since they have different volatility right? Can u be more specific?
  • #750
  • May 19, 2010 2:20am May 19, 2010 2:20am
From last post on the new settings, box max's were supposed to be 60 pips for everything except GJ which was 80 pips.
That must have changed I guess?
  • #751
  • May 19, 2010 6:35am May 19, 2010 6:35am
Quoting rjlacha
Hi All..

I trade basically the same system just different setting and when I have a large box, 60 or more, i adjust the times to get a manageable box size to trade. This way I can at least still get some trades in.
Been testing that out too.
Shift time to 0300 - 0545 GMT, or even down to 0530 for the box. Reduces some of the boxes that would have been too large to be traded. But also reduces the TP. Makes TP's easier to be hit and more of them over the pairs.

Over 6 pairs yesterday, was 220 vs 118 pips. Didnt get them all though, banked 115.

The trick seems to be deciding to use the reduced time before its too late & price goes pass the entry lines. But even then it often comes back for another start within a few bars (15M).

cheers scalpz
Target 2 : Stoploss in the green
  • #752
  • May 19, 2010 7:24am May 19, 2010 7:24am
UCHF =30
UJ= 40
EU=50
GU=60
EJ=70
GJ=80

just an idea... still to find AU, NU, GChf, UCad
  • #753
  • May 19, 2010 8:13am May 19, 2010 8:13am
http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E3 days without trade , but i love this. If i break my rules seems no good for me. Hopefully tomorrow is the day.

http://i937.photobucket.com/albums/a...123456/aGU.jpg

http://s937.photobucket.com/albums/a...56/th_lb-1.jpg
  • #754
  • Edited May 20, 2010 1:21am May 19, 2010 10:42am | Edited May 20, 2010 1:21am
Quote
Different pair should have different box size since they have different volatility right? Can u be more specific?


Eur/Usd- 60
Gbp/Usd- 90
Usd/Chf-60
Gbp/Chf- 90
Usd/Jpy- 60
Eur/Jpy- 90
Gbp/Jpy- 90

This is just my personal choice for testing, your own level is up to the trader. Remember, this is all experimental right now, setting are not written in stone.

Quote
From last post on the new settings, box max's were supposed to be 60 pips for everything except GJ which was 80 pips.
That must have changed I guess?
Sorry, I thought I put that notation in post #730 when I posted results for Monday. I will put a reminder every time I post results this week.

Quote
UCHF =30
UJ= 40
EU=50
GU=60
EJ=70
GJ=80

just an idea... still to find AU, NU, GChf, UCad
mistersimple has the idea, adjust the times how you see fit, good job.
  • #755
  • May 19, 2010 12:10pm May 19, 2010 12:10pm
cld u pls tell how to fix this:
"part-close failed (with error 131)= invalid trade volume"

using micro lots..
  • #756
  • May 19, 2010 2:52pm May 19, 2010 2:52pm
Hello,

I guess that you trade with 0,01 lot like me
You have to disable Half Close Function and set it on false. When you have opnened 0,01 lot it is the smallest one and obviously half of it can not be closed.
I guess this function works starting from 0,02 lot...
Rgds,
RL


Quoting mistersimple
cld u pls tell how to fix this:
"part-close failed (with error 131)= invalid trade volume"

using micro lots..
  • #757
  • May 20, 2010 1:24am May 20, 2010 1:24am
Okay here are the charts for Wednesday. 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.

I have changed the box size size for Gbp/Usd, Gbp/Chf, Eur/Jpy, and Gbp/Jpy this week due to their higher daily ranges and stronger movements

Eur/Usd

Trade 1= +109 pips

No open trades at this time.

Gbp/Usd

One open trade at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd new.jpg Size: 107 KB
Click to Enlarge Name: gbpusd new.jpg Size: 108 KB
  • #758
  • May 20, 2010 1:28am May 20, 2010 1:28am
Usd/Chf

Trade 1= -86 pips

One open trade at this time with a multiplier of 2.

Gbp/Chf

Trade 1= -128 pips (-64 x 2) from Tuesday
Trade 2= 585 pips (+117 x 5)

No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 103 KB
Click to Enlarge Name: gbpchf new.jpg Size: 112 KB
  • #759
  • May 20, 2010 1:31am May 20, 2010 1:31am
Quoting rlewan
Hello,

I guess that you trade with 0,01 lot like me
You have to disable Half Close Function and set it on false. When you have opnened 0,01 lot it is the smallest one and obviously half of it can not be closed.
I guess this function works starting from 0,02 lot...
Rgds,
RL
exactly! ..feeling stupid now lol... thanks!
  • #760
  • May 20, 2010 1:32am May 20, 2010 1:32am
Usd/Jpy

Trade 1= +112 (+56 x 2) from Tuesday

 One open trade at this time.

 Eur/Jpy

Trade 1= -156 pips

One open trade at this time with a multiplier of 2.

 Gbp/Jpy

Trade 1= -154 pips
Trade 2= -308 pip (-154 x 2)
One open trade at this time with a multiplier of 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy new.jpg Size: 112 KB
Click to Enlarge Name: eurjpy new.jpg Size: 112 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 116 KB
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