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A Simple London Breakout V.2

  • #341
  • Aug 17, 2010 10:23am Aug 17, 2010 10:23am
Sorry for the late results, but here there are for Monday.

Eur/Usd

Breakout

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

Running Total= +33 pips

Re-entry

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

Running Total= +66 pips

Re-entry

T1= +31
T2= active
T3= active

Running Total= +97 pips

T2, & T3 trades are still active with no multiplier.

Counter Trend

New CT trade will start with a multiplier of 5 from Friday.

T1= -155 (-31 x 5)
Running Total= -155 pips

Re-entry

T1= -401 (-31 x 13)
Running Total= -558 pips

Re-entry

T1= -1054 (-31 x 34)
Final Total= -1612 pips

New CT trades will be placed with a multiplier of 89.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 89 KB
Click to Enlarge Name: eurusd2.jpg Size: 88 KB
  • #342
  • Aug 17, 2010 10:45am Aug 17, 2010 10:45am
Gbp/Usd

Breakout

Re-entry

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

Running Total= -150 pips

Re-entry

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

Running Total= -84 pips

Loss not recouped, enter new trades at the same multiplier of 2.

Re-entry

T1= -100 (-50 x 2)
T2= -100 (-50 x 2)
T3= -100 (-50 x 2)

Running Total= -384 pips

Re-entry

T1= +155 (+31 x 5)
T2= +5 (+1 x 5)
T3= +5 (+1 x 5)

Running Total= -219 pips

Re-entry

T1= +155 (+31 x 5)
T2= +325 (+65 x 5)
T3= +155 (+31 x 5)

Running Total= +416 pips

T1, T2, & T3 trades closed from Friday with a multiplier of 2 before the new box.

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

Final Total= +670 pips

Next BO trade will start with no multiplier.

Counter Trend

 T1 CT trade closed from Friday with no multiplier.

T1= -31

Running Total= -31

 Re-entry

T1= +100 (+50 x 2)
Running Total= +69 pips

T1= +50

Running Total= +119

 Re-entry

T1= -31

Running Total= +88

 Re-entry

T1= -62 (-31 x 2)

Final Total= +26

Next CT trade will start with a multiplier of 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 101 KB
Click to Enlarge Name: gbpusd2.jpg Size: 94 KB
  • #343
  • Aug 17, 2010 10:48am Aug 17, 2010 10:48am
Nice job Guys.

I'm still waiting to see how this system plays out. Solving the false breakouts seems to be the biggest issue but this can be quite fixable. I opt for a risk/profit 30 pip pyramid method to get similar results instead of the martingale. Moving the stop loss to the mid-point might work with a bigger box or a fixed pip amount would be nice. Concentrating on these issues I predict will quadruple the results of the back test.

Thanks,

Johnny
  • #344
  • Aug 17, 2010 10:51am Aug 17, 2010 10:51am
Usd/Cad

Breakout

 New BO trades placed with a multiplier of 13 from Friday.

T1= 403 (+31 x 13)
T2= +13 (+1 x 13)
T3= +13 (+1 x 13)

Final Total= +429 pips

 Loss not recouped from Friday, enter new trades at the same multiplier of 13.

Counter Trend

T1= -31

Running Total= -31 pips

Re-entry

T1= active

Final Total= -31

T1 CT trade still active with no multiplier.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 88 KB
Click to Enlarge Name: usdcad2.jpg Size: 85 KB
  • #345
  • Aug 17, 2010 10:58am Aug 17, 2010 10:58am
Eur/Jpy

Breakout

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

Running Total= -150 pips

Re-entry

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

Running Total= -84 pips

Loss not recouped, enter new trades at the same multiplier of 2.

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

Final Total= -18 pips

Loss not recouped, enter new trades at the same multiplier of 2.

Counter Trend

 New CT trade will start with a multiplier of 5 from Friday.

T1= +100 (+50 x 2)

Running Total= +100 pips

Re-entry

T1= -31

Running Total= +69 pips

Re-entry

T1= -62 (-31 x 2)

Final Total= +7 pips

Next CT trade will start with a multiplier of 5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 91 KB
Click to Enlarge Name: eurjpy2.jpg Size: 90 KB
  • #346
  • Aug 17, 2010 11:06am Aug 17, 2010 11:06am
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 not recouped, enter new trades at the same multiplier of 2.

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

Final Total= -11 pips

Loss not recouped, enter new trades at the same multiplier of 2.

Counter Trend

New CT trade will start with a multiplier of 5 from Friday.

T1= +275 (+55 x 5)

Running Total= +275 pips

Re-entry

T1= -34

Running Total= +241 pips

Re-entry

T1= -68 (-34 x 2)

Running Total= +173 pips

Re-entry

T1= -170 (-34 x 5)

Final Total= +3 pips

Next CT trade will start with a multiplier of 13.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 93 KB
Click to Enlarge Name: gbpjpy2.jpg Size: 90 KB
  • #347
  • Aug 17, 2010 11:29am Aug 17, 2010 11:29am
mine is not showing like this please can you send me this template


Quoting rlewan
Hello Squalou,

Please have a look at attached screenshot from today testing on demo accont. Do not pay too much attention at box size. I am testing different sizes.
My question is why the EA did not move SL to BE+1 pips for second batch of 3 sell orders - when TP 1 was hit? The trade closed at SL with loss. Is there a logic problem? Or is it connected with closed bar - inside or outside some levels?

What do you think?
Rgds,
RL
  • #348
  • Aug 17, 2010 12:05pm Aug 17, 2010 12:05pm
Quoting olamicash
mine is not showing like this please can you send me this template

look at fist post.
  • #349
  • Aug 17, 2010 3:24pm Aug 17, 2010 3:24pm
Quoting squalou
Check that the Testing>Positions in the backtester "Expert Properties" sub-window is set to "Long & Short".

SQ
Ok it works again. I installed a new MT4 and it works again.
Don't know where the problem was.....
  • #350
  • Aug 17, 2010 6:41pm Aug 17, 2010 6:41pm
Good evening or morning all!

Quick question, is there anything in the settings that would allow entry points 1-5 pips outside the box?

I trade the breakout box manually and have had much better false breakout avoidance if I set my orders just outside the box by 3-5 pips depending on pair. I set the same for my initial SL, just outside the box on the opposite side. That way the price actually has to leave the box range before getting into a position.

It doesn't catch them all. But is sure helps.

Thanks and great work. Love the EA!

ScottyB
  • #351
  • Aug 17, 2010 8:47pm Aug 17, 2010 8:47pm
Is it only me that sees the price reversing at the London open a normal thingie. If not then why not change this to some other method of determining direction of the break out. No offense but breaking through the Frankfort high or low just ain't working very well.

1. Maybe code the thing like this, If the last mini trend within the box is up then sell short at the pivot. Whether the price is within the top and bottom of the box or outside the box isn't relevant.

2. Another thing that I see is a price almost reaching a take profit level and then reversing to a loss. Once the price reaches a certain number of pips within range of a take profit level it should be in a no return zone and any price retrace back across this zone is captured as profit.

3. Another set-up is not selling at a set profit level. Once a price has reached a fib level the price is left to go to the next level and the next. Profit is taken only on a retrace out of the zone. This is like a trailing stop but is activated only after a profit level is reached.

Just some ideas here.

Johnny
  • #352
  • Aug 17, 2010 11:06pm Aug 17, 2010 11:06pm
Quote
Quick question, is there anything in the settings that would allow entry points 1-5 pips outside the box?

I trade the breakout box manually and have had much better false breakout avoidance if I set my orders just outside the box by 3-5 pips depending on pair. I set the same for my initial SL, just outside the box on the opposite side. That way the price actually has to leave the box range before getting into a position.

Unfortunately, there are no settings for that because the strategy doesn't dictate it. But no one is stopping you from trading that way manually.


Quote
Is it only me that sees the price reversing at the London open a normal thingie. If not then why not change this to some other method of determining direction of the break out. No offense but breaking through the Frankfort high or low just ain't working very well.

Not working well, really???? +13,613 pips on the Breakout strategy were possible last week, and then add another +5893 pips using the new Counter Trend strategy (and that hasn't been fully developed yet!). Yep, your right, it's really not working well at all.

Look, no strategy is perfect and this one is no different. I've said it way too many times on this thread already.

If you don't like the strategy, change it up however you wish to make it work for you and good luck!

I just added additional levels to the London Breakout indicator so you can trade to additional levels. A Counter Trend strategy is in development as we speak. sqaulou is working on a trailing function for the EA. So yes, we are trying to improve everything as we go, but I am only making small changes and not looking to revamp a whole strategy for just 2 or 3 people.

Quote
1. Maybe code the thing like this, If the last mini trend within the box is up then sell short at the pivot. Whether the price is within the top and bottom of the box or outside the box isn't relevant.

The strategy does require that the price is within the box, hence that's why they call it a Breakout Strategy.

Quote
2. Another thing that I see is a price almost reaching a take profit level and then reversing to a loss. Once the price reaches a certain number of pips within range of a take profit level it should be in a no return zone and any price retrace back across this zone is captured as profit.

Use the LevelResizeFactor function, this can be used to widen or narrow all TP and SL values by the same factor to shorten the levels if this is happening too much for your taste. This is also why the Counter trend strategy is under development.

Quote
3. Another set-up is not selling at a set profit level. Once a price has reached a fib level the price is left to go to the next level and the next. Profit is taken only on a retrace out of the zone. This is like a trailing stop but is activated only after a profit level is reached.

Again, we're back to the old "if you don't like change it" routine again. If you want to take profit on your trades a different way, by all means do so.

  • #353
  • Aug 18, 2010 1:32am Aug 18, 2010 1:32am
Quoting mer071898
Unfortunately, there are no settings for that because the strategy doesn't dictate it. But no one is stopping you from trading that way manually.




Not working well, really???? +13,613 pips on the Breakout strategy were possible last week, and then add another +5893 pips using the new Counter Trend strategy (and that hasn't been fully[color=Navy] developed yet!). Yep, your right, it's really not working well at all.

Look, no strategy is perfect and this one is no...
Mer,



Thanks for the info I didn't mean to increase your blood pressure. A great system is measured by the percent of draw downs to profit, not just profit. I spent six months, 7 days a week, 12-16 hours a day writing and rewriting code for EA's. I know what makes a system tick. Starting from a blank screen in less then a week I can write a code that produces 15-20 profit factor. Couple that with a your Martingale system or my Risk/Profit system and it explodes exponentially from there. How's a 43 to 1 win/loss ratio raise your blood pressure? I know it did mine.

Pease be with you and good luck I won't bother you anymore with ideas,

Cheers,

Johnny
  • #354
  • Aug 18, 2010 1:33am Aug 18, 2010 1:33am
Here there are for Tuesday.

Eur/Usd

Breakout

T1= +24
T2= +1
T3= +1

Running Total= +26 pips

Re-entry

T1= +24
T2= +1
T3= +1

Running Total= +52 pips

Re-entry

T1= +24
T2= +1
T3= +1

Running Total= +78 pips

T2 & T3 trades closed from Tuesday with no multiplier.

T2= +65
T3= +30

Final Total= +173 pips

New BO trades will be placed with no multiplier.

Counter Trend

New CT trade will start with a multiplier of 89 from Monday.

T1= -2136 (-24 x 89)
Running Total= -2136 pips

Re-entry

T1= -5592 (-24 x 233)
Running Total= -7728 pips

Re-entry

T1= -14460 (-24 x 610)
Final Total= -22368 pips

New CT trades will be placed with a multiplier of 1597.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 101 KB
Click to Enlarge Name: eurusd2.jpg Size: 89 KB
  • #355
  • Aug 18, 2010 1:37am Aug 18, 2010 1:37am
Gbp/Usd

Breakout

T1= +30
T2= +1
T3= +1

Final Total= +32 pips

Next BO trade will start with no multiplier.

Counter Trend

 New CT trade will start with a multiplier of 5.

T1= -150 (-30 x 5)

Final Total= -150

 Next CT trade will start with a multiplier of 13.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 85 KB
Click to Enlarge Name: gbpusd2.jpg Size: 84 KB
  • #356
  • Aug 18, 2010 1:45am Aug 18, 2010 1:45am
Usd/Cad

Breakout

Loss not recouped from Friday, enter new trades at the same multiplier of 13.

T1= +182 (+14 x 13)
T2= +13 (+1 x 13)
T3= +13 (+1 x 13)

Final Total= +208 pips

 Next BO trade will start with no multiplier.

Counter Trend

T1= -14

Running Total= -14 pips

T1 CT trade closed from Monday with no multiplier.

T1= +50

Final Total= +36

Next CT trade will start with no multiplier.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 99 KB
Click to Enlarge Name: usdcad2.jpg Size: 97 KB
  • #357
  • Aug 18, 2010 1:53am Aug 18, 2010 1:53am
Eur/Jpy

Breakout

Loss not recouped, enter new trades at the same multiplier of 2.

T1= +44 (+22 x 2)
T2= +2 (+1 x 2)
T3= +2 (+1 x 2)

Running Total= +48 pips

Loss recouped from Monday, Re-entry will use no multiplier.

T1= +22
T2= +48
T3= +22

Running Total= +140 pips

Re-entry

T1= active
T2= active
T3= active

Final Total= +140 pips

T1, T2, & T3 trades still active.

Counter Trend

 New CT trade will start with a multiplier of 5 from Monday.

T1= -110 (-22 x 5)

Running Total= -110 pips

Re-entry

T1= -286 (-22 x 13)

Running Total= -396 pips

Re-entry

T1= active

Final Total= -396 pips

T1 Ct trade still active with a multiplier of 13.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 87 KB
Click to Enlarge Name: eurjpy2.jpg Size: 86 KB
  • #358
  • Aug 18, 2010 1:56am Aug 18, 2010 1:56am
Hi!
Please tell me more BO & CT ?
I did not understand it.
thanks...
  • #359
  • Aug 18, 2010 1:59am Aug 18, 2010 1:59am
Gbp/Jpy

Breakout

Loss not recouped, enter new trades at the same multiplier of 2.

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

Running Total= -330 pips

Loss not recouped, enter new trades at the same multiplier of 5.

T1= +165 (+33 x 5)
T2= +355 (+71 x 5)
T3= +165 (+33 x 5)

Final Total= +355 pips

New BO trade will start with no multiplier.

Counter Trend

New CT trade will start with a multiplier of 13 from Monday.

T1= +715 (+55 x 13)

Running Total= +715 pips

Re-entry

T1= +55

Running Total= +770 pips

Re-entry

T1= -33

Final Total= +737 pips

Next CT trade will start with a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 92 KB
Click to Enlarge Name: gbpjpy2.jpg Size: 93 KB
  • #360
  • Aug 18, 2010 2:11am Aug 18, 2010 2:11am
Quote
Mer,

http://cdn.forexfactory.com/images/smilies/peace.gifhttp://cdn.forexfactory.com/images/smilies/peace.gifhttp://cdn.forexfactory.com/images/smilies/peace.gif

Thanks for the info I didn't mean to increase your blood pressure. A...
Don't worry about me, I've learned to develop a thick skin on this site. There are very few people here that can raise my blood pressure. It seems to me that you're coming across as the one who's blood pressure is raised. Just because we don't instantly make changes to suit your needs does not mean you can't take the information here a develop it on your own , which you've apparently done.

If your an experienced coder and you've developed strategies with a 15-20 profit factor and a 43 to 1 win/loss ratio, you'd better dump a couple hundred thousand bucks in the bank. You should be retired in 6 months and not have to bothered with us lowly forum members.
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