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A Simple London Breakout

  • #881
  • Jun 5, 2010 2:30pm Jun 5, 2010 2:30pm
Quoting NiceGuy
I have an Idea for this system.

After studying the result that Mer's post in this thread, I could see that the Filter Range area is the most profitable area in this system. I think we are wasting too many green pips in the filter area.

So I why dont we decrease the Filter area and take the space from filter area and put it behind the Target Profit.

Please study this picture below.

Attachment

My setting in this picture...


Well, nice idea but if you do a manual backtest for a longer period, you'll observe that it doesn't always get profitable that way.
From the tips to the dips, it's all about the pips
  • #882
  • Jun 6, 2010 3:46am Jun 6, 2010 3:46am
Thanks Mer for sharing this wonderful trading system. I also thank as many people that have contributed to this tread one way or the other. May the pips be with you all.

Mer, I've downloaded the zipped file in post 1 and the template is missing.

Can you (Mer) or anybody with a template pls share one with me.

Thank you.
Austin

Quoting mer071898
Just so you can see the setup in action, we already have a trade completed on the Eur/Usd for a quick 22 pips! More detailed examples on next Monday. I will be out of town starting tomorrow, but I will answer any questions you have as I will have my laptop with me. See ya Monday!
  • #883
  • Jun 7, 2010 2:44am Jun 7, 2010 2:44am
what are the best 5 pairs for this system and their Entry/TP Factors, box sizes.

i have downloaded v9, i am seeing green color between entry and profit for USDCHF and purple color for GBPCHF. why is that ?
  • #884
  • Jun 7, 2010 10:05am Jun 7, 2010 10:05am
Thanks squalou for the latest EA.

The EA is not trading if pip range is more than 50pips even if the max pip is adjusted to > 50pips in the indicator.

Is there anyway to still allow the EA to trade if pips is > 50?

Thanks.
  • #885
  • Jun 8, 2010 1:37am Jun 8, 2010 1:37am
Quoting roundrock
what are the best 5 pairs for this system and their Entry/TP Factors, box sizes.

i have downloaded v9, i am seeing green color between entry and profit for USDCHF and purple color for GBPCHF. why is that ?

hi,

you probably have different chart background colors.
just use white (F8 to change the chart color scheme).

IMO the best pairs are GU and GJ, but for factors you'll have to experiment and backtest yourself.
It's not just a load-it-run-it-and-forget-it kind of EA... no EA is like that anyway!

Mer has posted a number of charts with results for various pairs every day, please take the time to go thru the charts and see it you feel confortable with one or the other.

sq
  • #886
  • Jun 8, 2010 1:40am Jun 8, 2010 1:40am
Quoting theforexpert
Well, nice idea but if you do a manual backtest for a longer period, you'll observe that it doesn't always get profitable that way.

i guess settings have to be adjusted every now and then, for each pair differently.
Some periods are profitable, others will not, and then become profitable again.
No magic do-it-all settings here.

sq.
  • #887
  • Jun 8, 2010 5:02am Jun 8, 2010 5:02am
Quoting squalou
i guess settings have to be adjusted every now and then, for each pair differently.
Some periods are profitable, others will not, and then become profitable again.
No magic do-it-all settings here.

sq.
agree with you and this kind of adjustment (higher probability settings) can be achieved easily with EA optimization
  • #888
  • Jun 12, 2010 7:48am Jun 12, 2010 7:48am
Quoting luckySword
agree with you and this kind of adjustment (higher probability settings) can be achieved easily with EA optimization
You are talking about EA to the right person there LuckySword....

Squalou... How's everything?

  • #889
  • Jun 18, 2010 7:44am Jun 18, 2010 7:44am
For those who might be interested, here is a version of the Indicator (v9.2) that will show halfTP levels,
and can be configured to show no levels at all (only breakout box and green "playground").

- "drawFibLines" input(default true): set to false so prevent drawing "fib" lines with entry/stop/target information (only boxes)


Enjoy.
Sq
Attached File(s)
File Type: mq4 London BreakoutV9.2.mq4   25 KB | 3,105 downloads
  • #890
  • Jun 18, 2010 9:55am Jun 18, 2010 9:55am
Where's everybody?

Thanks Squalou... You nailed for me again..

Thanks
  • #891
  • Jun 18, 2010 10:45am Jun 18, 2010 10:45am
i have been manually trading this method, so far BE. i trade 7 pairs, 1 trade in each direction. i dont do mortingale

we need additional filters to reduce losing trades.
  • #892
  • Jun 19, 2010 12:16pm Jun 19, 2010 12:16pm
Hi Squalou, thanks for the new version.

Can i asked for a help? How to set the price on H1 to be appear the same
in M5, M15 & M30 TF? I noticed that on TF M5 to M30 the price is the same but on H1 it's diffrent.

Thanks for your help.

http://i937.photobucket.com/albums/a...56/new/M15.jpg

http://i937.photobucket.com/albums/a...456/new/H1.jpg
http://www.forexfactory.com/[url.../new/th_H1.jpghttp://www.forexfactory.com/%3Ca%20h.../new/th_H1.jpg
  • #893
  • Jun 19, 2010 2:36pm Jun 19, 2010 2:36pm
Quoting merlintrade
Hi Squalou, thanks for the new version.

Can i asked for a help? How to set the price on H1 to be appear the same
in M5, M15 & M30 TF? I noticed that on TF M5 to M30 the price is the same but on H1 it's diffrent.

Thanks for your help.

http://www.forexfactory.com/%5Burl=h.../new/th_H1.jpghttp://www.forexfactory.com/%3Ca%20h.../new/th_H1.jpg...
this is because the endtime bar (08:00) is INCLUDED in the box.
On M15, this means the box will include price action from 08:00 to 08:14:59.
On H1, it will include price from 08:00 to 08:59:59.
Price from 08:15 till 08:59 may reach higher or lower values than before 08:15, so the box will not have the same size than on M15.
You can see that in the box size displayed.

To have the same box on M15 and H1, you need to specify endTime=08:59, so it will include price until 08:59:59 in any TF.

sq
  • #894
  • Jun 20, 2010 9:14am Jun 20, 2010 9:14am
Quoting squalou
this is because the endtime bar (08:00) is INCLUDED in the box.
On M15, this means the box will include price action from 08:00 to 08:14:59.
On H1, it will include price from 08:00 to 08:59:59.
Price from 08:15 till 08:59 may reach higher or lower values than before 08:15, so the box will not have the same size than on M15.
You can see that in the box size displayed.

To have the same box on M15 and H1, you need to specify endTime=08:59, so it will include price until 08:59:59 in any TF.

sq
Thank you soo much Squalou...it's work...
  • #895
  • Jul 7, 2010 2:38pm Jul 7, 2010 2:38pm
squalou u r still here? i ve sent u pm
  • #896
  • Jul 8, 2010 1:42am Jul 8, 2010 1:42am
Hi, is anybody still following this thread?

Nobody has added anything since Mer left.
  • #897
  • Jul 9, 2010 4:36am Jul 9, 2010 4:36am
http://www.mataf.net/en/tools/02-01-volatility
this is general info .. put 99 weeks => we get best boxes at 4 hours; 10hours; 22hours ...(edit)GMT

best days thursday and friday... coz we got large difference between lower and upper shadow => meaning one way breakout.. if i dont get it wrong

in that way we trade ONLY precise days with boxes at a different time depending on day...

just check other pairs maybe we found something extreme...


=> i will put tomorrow my excel analysis from Jan to Jul based on best days and time to trade with breakouts of more than 50pips... however i didnt include US breakout...

if someone wants to help me with other pairs please feel free to post here...
  • #898
  • Jul 10, 2010 12:22pm Jul 10, 2010 12:22pm
EURUSD from january 2010 to july 1st 2010..

6..7 / 7..8 /... = times (GMT+2)
x is when low breakout (<50 pips)
% = percentage of time when breakout > 50 pips..

at the bottom result: at what time draw box .. average pips shld NOT be your TP ... choose a TP as a % of this average.. ie: take 60% of average..

next post will be data from mataf..
Attached Image
  • #899
  • Jul 10, 2010 2:33pm Jul 10, 2010 2:33pm
see post about mataf..
based on 99 weeks data
inside table avg. pips
times= boxes

problem: not very precise...
Attached Image (click to enlarge)
Click to Enlarge Name: mataf2.jpg Size: 63 KB
  • #900
  • Jul 12, 2010 3:06am Jul 12, 2010 3:06am
i made mistake with the last table ...u have to place boxes not at high volatility but at the breakout of low volatility (mataf)..i ll post the right table tonigh..

see EURCHF and GBPUSD what happened
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