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A Simple London Breakout V.2

  • #241
  • Edited 11:49pm Aug 12, 2010 11:01pm | Edited 11:49pm
Alright then, here are the results for Thursday.

 Eur/Usd

Breakout

T1= -50
T2= -50
T3= -50

Running Total= -150 pips

Re-entry

T1= +62 (+31 x 2)
T2= +130 (+65 x 2)
T3= +62 (+31 x 2)

Final Total= +124 pips

New BO trades will be placed with no multiplier.

Counter Trend

This CT trade will start with a multiplier of 2 from Wednesday.

T1= +100 (+50 x 2)

Running Total= +100

 Re-entry

T1= -31
Final Total= +69 pips

New CT trades will be placed with a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 81 KB
Click to Enlarge Name: eurusd2.jpg Size: 81 KB
  • #242
  • Edited 11:50pm Aug 12, 2010 11:04pm | Edited 11:50pm
Gbp/Usd

Breakout

T1= -50
T2= -50
T3= -50

Running Total= -150 pips

Re-entry

T1= +62 (+31 x 2)
T2= +130 (+65 x 2)
T3= +62 (+31 x 2)

Final Total= +124 pips

New BO trades will be placed with no multiplier.

Counter Trend

This CT trade will start with a multiplier of 5 from Wednesday.

T1= +250 (+50 x 5)

Running Total= +250

 Re-entry

T1= -31
Final Total= +219 pips

Next CT trade will start with a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 83 KB
Click to Enlarge Name: gbpusd2.jpg Size: 79 KB
  • #243
  • Aug 12, 2010 11:10pm Aug 12, 2010 11:10pm
For some secret reason my 3 order script stopped working and so I placed ONLY long EU orders by hand last night.

Decided to go to bed when I saw the price climbing.....................to be greeted in the morning with a losing trade EU.

Luckily testing on a demo, while I made pips on my normally used strategy in my live account.

Still very in love with this LBO stuff, as it will leave me time to do other things when all is running as is in the pipeline.
  • #244
  • Aug 12, 2010 11:16pm Aug 12, 2010 11:16pm
Usd/Cad

Breakout

T1= +18
T2= +1
T3= +1

Running Total= +20 pips

Re-entry

T1= -29
T2= -29
T3= -29

Running Total= -67 pips

Re-entry

T1= +36 (+18 x 2)
T2= +2 (+1 x 2)
T3= +2 (+1 x 2)

Running Total= -27 pips

Loss was not recouped, re-entry will use the same multiplier of 2.

T1= +36 (+18 x 2)
T2= +74 (+37 x 2)
T3= active

Final Total= +83 pips

T3 trade is still active

Counter Trend

New CT trade placed with a multiplier of 89 from Wednesday.

T1= -1602 (-18 x 89)

Running Total= -1602 pips

Re-entry

T1= +6757 (+29 x 233)

Running Total= +5155 pips

Re-entry

T1= -18

Running Total= -5137 pips

Re-entry

T1= -36 (-18 x 2)

Final Total= +5101 pips

Next CT trade will start with a multiplier of 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 86 KB
Click to Enlarge Name: usdcad2.jpg Size: 85 KB
  • #245
  • Aug 12, 2010 11:26pm Aug 12, 2010 11:26pm
Eur/Jpy

Breakout

T1= +31
T2= +1
T3= +1

Running Total= +33 pips

Re-entry

T1= -50
T2= -50
T3= -50

Running Total= -117 pips

Re-entry

T1= +62 (+31 x 2)
T2= +2 (+1 x 2)
T3= +2 (+1 x 2)

Final Total= -51 pips

Loss was not recouped, next entry will use the same multiplier of 2.

Counter Trend

T1= -62 (-31 x 2)

Running Total= -62 pips

Re-entry

T1= +250 (+50 x 5)

Running Total= +188 pips

Re-entry

T1= -31

Final Total= +157 pips

Next CT trade will start with a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 87 KB
Click to Enlarge Name: eurjpy2.jpg Size: 82 KB
  • #246
  • Aug 12, 2010 11:38pm Aug 12, 2010 11:38pm
Gbp/Jpy

Breakout

T1= -55
T2= -55
T3= -55

Running Total= -155 pips

Re-entry

T1= +68 (+34 x 2)
T2= +2 (+1 x 2)
T3= +2 (+1 x 2)

Running Total= -83 pips

Loss was not recouped, re-entry will use the same multiplier of 2.

T1= -110 (-55 x 2)
T2= -110 (-55 x 2)
T3= -110 (-55 x 2)

Running Total= -413 pips

Increase multiplier to 5 on re-entry after the losing series.

T1= +170 (+34 x 5)
T2= active
T3= active

Final Total= -243 pips

T2 & T3 trades are still active

Counter Trend

New CT trade will start with a multiplier of 34 from Wednesday.

T1= +1870

Running Total= +1870 pips

Re-entry

T1= -34

Running Total= +1836 pips

Re-entry

T1= 110 (+55 x 2)

Running Total= +1946 pips

Re-entry

T1= -34

Final Total= +1912 pips

Next CT trade will start with a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 87 KB
Click to Enlarge Name: gbpjpy2.jpg Size: 86 KB
  • #247
  • Aug 12, 2010 11:43pm Aug 12, 2010 11:43pm
Breakout

Eur/Usd- +124 pips
Gbp/Usd- +124 pips
Usd/cad- +83 pips
Eur/Jpy- -51 pips
Gbp/Jpy- -243 pips

Grand total- +37 pips

Counter Trend

Eur/Usd- +69 pips
Gbp/Usd- +219 pips
Usd/Cad- +5101 pips
Eur/Jpy- +157 pips
Gbp/Jpy- +1912 pips

Grand Total- +7468 pips
Grand total for Wednesday- +7495 pips
  • #248
  • Aug 12, 2010 11:47pm Aug 12, 2010 11:47pm
Quote
For some secret reason my 3 order script stopped working and so I placed ONLY long EU orders by hand last night.

Decided to go to bed when I saw the price climbing.....................to be greeted in the morning with a losing trade EU.

Luckily testing on a demo, while I made pips on my normally used strategy in my live account.

Still very in love with this LBO stuff, as it will leave me time to do other things when all is running as is in the pipeline.
You just having a heck of time with that script, aren't you Freddy.
  • #249
  • Aug 13, 2010 2:40am Aug 13, 2010 2:40am
Hello dear traders,

I post here my own trading system only as information and to show you that with Renko bars you filters out all disturbing noise.

Please add your comments or questions ...

Gilbert
(Belgium)

PS. : Indicators, template and Renko system available upon simple request.
Attached Image (click to enlarge)
Click to Enlarge Name: Renko_SR_breakout.png Size: 88 KB
Attached Images
  • #250
  • Aug 13, 2010 1:35pm Aug 13, 2010 1:35pm
open your own thread and discuss your strategy.
Quoting desander
Hello dear traders,

I post here my own trading system only as information and to show you that with Renko bars you filters out all disturbing noise.

Please add your comments or questions ...

Gilbert
(Belgium)

PS. : Indicators, template and Renko system available upon simple request.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #251
  • Aug 13, 2010 1:58pm Aug 13, 2010 1:58pm
Quoting mer071898
You just having a heck of time with that script, aren't you Freddy.
Yes, and then to remember it worked for a little while!

Now my reasoning for not really trying to solve it at the moment is that in due course the so awaited EA is expected to be posted here and I expect it to be incorporated in it already,

Correct me if I am wrong, in case I am, then I have work to do.

FXDD Malta is changing live accts over the weekend, so I am a bit cornered at the moment.
  • #252
  • Aug 13, 2010 2:25pm Aug 13, 2010 2:25pm
Quoting okehiedon
open your own thread and discuss your strategy.
I apologize for the unsolicited intrusion into your thread.
I shall not bother you any longer.

Many thanks for your clear language.

Gilbert.
  • #253
  • Aug 13, 2010 3:05pm Aug 13, 2010 3:05pm
Quoting desander
I apologize for the unsolicited intrusion into your thread.
I shall not bother you any longer.

Many thanks for your clear language.

Gilbert.
Gilbert I thought your "intrusion" was relevant and meaningful.

Some on FF have no manners and are bloody rude.

dashed uncivil.
TRADE FOR SWAP
  • #254
  • Aug 13, 2010 3:43pm Aug 13, 2010 3:43pm
Quoting desander
I apologize for the unsolicited intrusion into your thread.
I shall not bother you any longer.

Many thanks for your clear language.

Gilbert.
Gilbert,

Please open another thread, I would be interested in seeing more! I love RENKO!

I don't think he was meaning to be 'mean', just quick and to the point.
We are our own best indicator.
  • #255
  • Aug 13, 2010 4:17pm Aug 13, 2010 4:17pm
Quoting bluemele
Gilbert,

Please open another thread, I would be interested in seeing more! I love RENKO!

I don't think he was meaning to be 'mean', just quick and to the point.
Added some explanation on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-13_2259.png Size: 109 KB
  • #256
  • Aug 13, 2010 6:17pm Aug 13, 2010 6:17pm
One thing is for sure that with RENKO bricks the PA looks a lot calmer.
Indeed you will notice earlier entries into a move.
I have both options on my screens and testing which I like best.

I think also that it would be better for Gilbert to start his own thread.

That way both ways can develop on their own and many followers will switch between both to find out and decide for themselves which way serves them the best.

So to Gilbert:
aanpakken jongen, open that thread and let us know.
  • #257
  • Aug 13, 2010 6:20pm Aug 13, 2010 6:20pm
Quote
Gilbert I thought your "intrusion" was relevant and meaningful.

Some on FF have no manners and are bloody rude.

dashed uncivil.
I have to agree, I don't think he was being rude, they were just trying to respect my rules of the thread. Remember, I posted this right there in bold letters in post #1.

"*Before we start, as courtesy, please refrain from comments about the nature of martingale strategies. We all know by now any inherent risks involved with using them and do not need to be reminded over and over. If you are one of those who hate martingale strategies, please just move on and not disrupt the thread, this will obviously not be for you. Also, please do not flood the thread with "you should do this or add this" or "this would work better" comments. I want prefer to stick to the original strategy posted, but if you want to play around with the settings and add other indicators, please feel free to do so on your own, otherwise it confuses those who want to follow the original premise of the strategy, thank you.*"
  • #258
  • Aug 14, 2010 4:53pm Aug 14, 2010 4:53pm
I must admit that your system looks intriguing Gilbert, but I must agree, it needs its own thread . I would also love to know more about it so please start up a new thread with it
  • #259
  • Aug 14, 2010 7:13pm Aug 14, 2010 7:13pm
Sorry for posting these so late but i had a personal function to go to out of town on Friday night. But here are the results for Friday.

 Eur/Usd

Breakout

T1= +31
T2= +65
T3= +31

Final Total= +127 pips

New BO trades will be placed with no multiplier.

Counter Trend

This CT trade will start with a multiplier of 2 from Thursday.

T1= -62 (-31 x 2)
Final Total= -62 pips

New CT trades on Monday will be placed with a multiplier of 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 89 KB
Click to Enlarge Name: eurusd2.jpg Size: 88 KB
  • #260
  • Aug 14, 2010 7:17pm Aug 14, 2010 7:17pm
Gbp/Usd

Breakout

T1= -50
T2= -50
T3= -50

Running Total= -150 pips

Re-entry

T1= active
T2= active
T3= active

Final Total= -150 pips

T1, T2, & T3 trades are still active with a multiplier of 2.

Counter Trend

This CT trade will start with a multiplier of 2 from Thursday.

T1= +100 (+50 x 2)

Running Total= +100

 Re-entry

T1= active
Final Total= +100 pips

T1 CT trade still active with no multiplier.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 89 KB
Click to Enlarge Name: gbpusd2.jpg Size: 89 KB
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