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Attachments: 7am-9am Big Dog USD Breakout Strategy
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7am-9am Big Dog USD Breakout Strategy

  • #2,541
  • Jul 28, 2010 11:57am Jul 28, 2010 11:57am
hi masternico,
mind to share your setting for this EA?hows the backtest result?Thanks
  • #2,542
  • Jul 29, 2010 9:50am Jul 29, 2010 9:50am
i sure do not mind to share.
but do you or anybody else here mind helping me with my problem then?
i've been looking all over different forums and nobody seems to be willing to change that trailing stop thing in the ea (for free).
unfortunately i only know how to trade, not how to program, and i know the ea would trade better with a functioning trail
  • #2,543
  • Jul 30, 2010 1:06am Jul 30, 2010 1:06am
masternico, I have glanced at the code, and loaded it on my test account. It seems that one can turn the trailing stop on or off (ie true (default) or false) in the inputs section, without having to change the code in the ea.
If you invoke the ea, click on the inputs tab, and scroll down to section 3. It appears that here is where you can change the trailing stop parameters, including whether you actually want it on. I haven't tested it, but that is what it looks like on first glance. I suggest that changing UseTrail = false, will give you what you want.
If you want it permanently to be false, then you will have to use the MT4 editor. If that's what you want re-ost and I will tell you how you can do that.
As I said, I've not tested it so, proceed at your own risk, and ideally test it on a demo account.

Cheers,

MKHPD
  • #2,544
  • Jul 30, 2010 5:30am Jul 30, 2010 5:30am
Hi Guys

What is the best filter indicator for this strategy
Thank you All.
If its not boring .. you are not trading correctly
  • #2,545
  • Jul 30, 2010 8:30am Jul 30, 2010 8:30am
Quoting masternico
i sure do not mind to share.
but do you or anybody else here mind helping me with my problem then?
i've been looking all over different forums and nobody seems to be willing to change that trailing stop thing in the ea (for free).
unfortunately i only know how to trade, not how to program, and i know the ea would trade better with a functioning trail
I sent you a PM.

c4p
  • #2,546
  • Jul 30, 2010 10:50am Jul 30, 2010 10:50am
I'm sorry if I'm interrupting this thread ..
being a junior..I can't open my own thread

Here is another breakout strategy executed during 4GMT to 6GMT :

http://a.imageshack.us/img25/9654/breakoutx.jpg

My question is... is there any indicator/ea that can draw that red box automatically so I don't have to do it manually everyday ...

Thanks a lot for your help guys
Lets make some green pips
  • #2,547
  • Jul 30, 2010 4:24pm Jul 30, 2010 4:24pm
Quoting mkhpd1
masternico, I have glanced at the code, and loaded it on my test account....
hi mkhpd1,

thanks for your answer and your efforts.
It is not exactly what I want. I know that the trailing stop can be turned off and on. but if it is turned off, it will do nothing and if it is turned on, it will not work like a normal trail. what it does is, if you say trail=50,
it puts the trail at 50 pips when the order is at exactly 50 pips. so it doesn't trail but go to a point, once this point is reached.
what i want is simply a normal trail that follows the order in a distance of e.g. 50 pips - so if the order is +50 pips the trail goes to 0 and at 51 it goes to +1 and at +60 it goes to + 10 and so on.
can you help me with this mkhpd1?

I'd really appreciate it!
Thanks
  • #2,548
  • Jul 30, 2010 5:28pm Jul 30, 2010 5:28pm
Quoting 4rx
I'm sorry if I'm interrupting this thread ..
being a junior..I can't open my own thread

Here is another breakout strategy executed during 4GMT to 6GMT :

http://a.imageshack.us/img25/9654/breakoutx.jpg

My question is... is there any indicator/ea that can draw that red box automatically so I don't have to do it manually everyday ...

Thanks a lot for your help guys
What is back test results for this system
If its not boring .. you are not trading correctly
  • #2,549
  • Aug 3, 2010 3:16pm Aug 3, 2010 3:16pm
Quoting ForexMason
Hi all,

Been following this thread with interest. I have made some modifications to the NewYorkBox.mq4 and included a manually set stop loss.

It works for me! 4 trades, 4 wins today :-)

Please see image for highlighted change and file is attached.

Thanks
Hello ForexMason and others,

I'm new inhere and saw this beautyful tool. For me it would be even more beautyful if someone would be able to make a small change.

I would like the text, which is in the red and blue target boxes now telling us what TP1, TP2 etc is, in front of the boxes (above and under the white candle box) so that the candles where we look at the moment we decide whether to trade or not are to be seen clearly.

If this is possible and someone would bother to make this change I would be very grateful.

Best regards,

Ben
  • #2,550
  • Aug 3, 2010 10:43pm Aug 3, 2010 10:43pm
Quoting 4rx
..........
Here is another breakout strategy executed during 4GMT to 6GMT :

http://a.imageshack.us/img25/9654/breakoutx.jpg

My question is... is there any indicator/ea that can draw that red box automatically so I don't have to do it manually everyday ...

Thanks a lot for your help guys
Ok guys.. I've found the indicator that can do the plotting from another thread :
Attached File(s)
File Type: ex4 ant-GUBreakout_V.0.4.1.ex4   13 KB | 764 downloads
Lets make some green pips
  • #2,551
  • Aug 5, 2010 10:58am Aug 5, 2010 10:58am
Hi dznmrd
What if I want to use breakout strategy for other pairs
what is the settings for the box time for every pair
please help
thank you
If its not boring .. you are not trading correctly
  • #2,552
  • Aug 5, 2010 8:45pm Aug 5, 2010 8:45pm
Quoting mohamed6069
Hi dznmrd
What if I want to use breakout strategy for other pairs
what is the settings for the box time for every pair
please help
thank you
And while you're at it, I would like the keys to the kingdom as well! Too funny.

We all work on things like this, so instead of waiting for somebody to give you a set file, try backtesting and optimizing yourself and see what logic you can come up with.
  • #2,553
  • Aug 6, 2010 6:07am Aug 6, 2010 6:07am
Quoting Chip4Pips
And while you're at it, I would like the keys to the kingdom as well! Too funny.

We all work on things like this, so instead of waiting for somebody to give you a set file, try backtesting and optimizing yourself and see what logic you can come up with.
Thats right
Thanks
If its not boring .. you are not trading correctly
  • #2,554
  • Aug 6, 2010 1:45pm Aug 6, 2010 1:45pm
Quoting mkhpd1
JD,...
Hi there,
Could we see the spreadsheet file that you have menshioned?

Thanx
  • #2,555
  • Aug 6, 2010 6:02pm Aug 6, 2010 6:02pm
Hi All,

It has been a few months since I have posted on this thread. I have been out of the FOREX market for a couple of months now and it is time to jump back in. I can't take it anymore, not being in the pip hunt.

So what are the general thoughts on this system, have they changed much? Has anyone experimented with different boxed times? I am going to try this strategy again, but using a different box time, then it will no longer be applicable to the 7-9 New York. I guess I just want to know if anyone is interested in results. And I surely don't want to screw with this thread, because it has been a game changer for me in the past.

It seems this thread has pretty much died, and honestly I don't know why. I was essentially trading this system using an 8-10 NYT with my own tweaks and managed anywhere from 25-50% growth in the demo per month. You just have to use your head, follow the trend, get out when you feel the need too, and by all means . . . risk only 1-3% per trading session at any one time. if you are not greedy, this system will work for you.
  • #2,556
  • Aug 6, 2010 6:44pm Aug 6, 2010 6:44pm
I think the easiest way to make money in this strtategy is only trade it on first friday of everymonth. Hunt for 50-75 pips with USD pairs and stop trading for the rest of the month and enjoy life...If you catch my drift.....
  • #2,557
  • Edited 7:54am Aug 7, 2010 5:45am | Edited 7:54am
This strategy is great and will be super profitable if there is any way to avoid bad trend days in tf 15m , because we aim the one way trend on 15m tf till we reach 30 pips profit.
I try cci14 and Macd but still no sure results!!
any body got an idea ?
If its not boring .. you are not trading correctly
  • #2,558
  • Aug 7, 2010 4:53pm Aug 7, 2010 4:53pm
The way I used to do it on non trending periods of time was to abandon the box and trade support and resistance with the use of fibs. I found that if price is staying within a range, you could predict it's movement and place pending orders. Fool proof? No way! But it was a way to pick up (or lose) a few extra pips.

Just don't play hunches unless you can support them with sound reasoning. If not, wait anther day and see what the market brings to tha table.
  • #2,559
  • Aug 8, 2010 6:13pm Aug 8, 2010 6:13pm
Greetings all!

Been reading all of the posts on this thread. I must say I like what I see on this strategy. So I am going to give it a whirl. It falls in line with some others that are very similar that I have been playing with.

One question I have is that I am trying to find an EA that will open 3 pending orders in each direction at the same time. When the range is near the middle of the box, no worries, I can enter them in manually. But when the price is near the top or bottom of the channel, it would be nice to click the mouse and have all orders placed instantly. I've been looking on this thread as well as the net in general and can't seem to find one that works.

Getting up at 5am to do this every day opens the door to making order entry mistakes due to grogginess. hehe.

Any help would be appreciated and I will be happy to share my results with the crew.

ScottyB
  • #2,560
  • Aug 9, 2010 2:40pm Aug 9, 2010 2:40pm
Hi everyone

As a junior member my privileges are limited and I have to prove I am made of the right stuff before I am allowed to share my views in my own thread.
I have been trading profitably for several years using a very simple straddle technique and I am simply amazed at the scarcity of enthusiasm for this hugely profitable, extremely simple method. Congratulations to you guys for spotting the real deal.
FF is full of really clever people expounding the use of infallible technical indicators. Other really clever people provide highly intelligent analysis on why a currency has moved this way or that, (after the event) and make predictions on future price movement. Many of them make a lot of money selling this advice
I would like to make my own prediction (for free) and I absolutely guarantee that I am right and that you can make money if you understand my advice. Here it is.
At the time of posting GBP/USD stands at 1.5900.
Price WILL either rise or fall below this level in the future.
You cannot predict which way it will go but it WILL move away from this level
Using ONLY money management, big money can be made based purely on this information. I certainly do and you can too.
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