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A Simple London Breakout V.2

  • #401
  • Edited 9:34am Aug 19, 2010 9:00am | Edited 9:34am
Quoting JohnnyBSmart

When I first started writing EA's I also used a very aggressive Martingale system .....
Sorry for being so long winded.

Good Luck,

Johnny
Dear Johny,

I do not want to be rude but guys like you are quite annoyoing on forums. You do not add anything valuable to the thread or strategy itelf but only write how good moneymaking sytem you have developed.http://cdn.forexfactory.com/images/icons/icon7.gif - good for your but my life experince shows that internet forums are full of people like you. Only words words and words without any proofs. If you want to share your idea please do. Take example from Mer and Squalou - they really share their work and it is awesome !!!
I can also post here that I have 10 000 000 USD account a two Rols Royces with golden wheels - but it will be childish. I looked through history of your threads on FF and you keep the same style http://cdn.forexfactory.com/images/icons/icon7.gif

Do not get me wrong and feel free to add any real ideas that may help to develope this strategy - for example how to reduce martingale factor - as you mentioned in your post you have developed the way.

Rgds,
RL
  • #402
  • Aug 19, 2010 3:32pm Aug 19, 2010 3:32pm
Quote
Hi mer071898,

I would like to read the manual of the strategy is it available ??

thanks

If you're reading the thread, you're reading the "manual". There closest thing to a manual on here is in post # 271 where sqaulou has posted an unofficial manual for the EA.
  • #403
  • Aug 19, 2010 5:07pm Aug 19, 2010 5:07pm
Quoting rlewan
Dear Johny,

I do not want to be rude but guys like you are quite annoyoing on forums. You do not add anything valuable to the thread or strategy itelf but only write how good moneymaking sytem you have developed.http://cdn.forexfactory.com/images/icons/icon7.gif - good for your but my life experince shows that internet forums are full of people like you. Only words words and words without any proofs. If you want to share your idea please do. Take example from Mer and Squalou - they really share their work and it is awesome !!!
I can...
rlewan,

You missed the important points. The first point I was making was that mer and squalou are doing a great job. The second was a road map on how things can progress if you keep reaching for the stars. I do not post how much money I make but if success in designing systems is boasting to you then keep thinking that and you won't learn a thing. I don't need to prove anything but I will explain to you how you can do it.

This system isn't exactly new and the inventor I believe was Russian but I'm sure Mer and Squalou will take it to new heights given time. They are doing just fine and don't need or want anybodies help. If Mer wants the risk factor article I'd be more then happy to send it to him but he hasn't taken this program to that point yet. Let's let him work it out as he seems to want it that way. I'm guessing the revisions are far from over as these guys are starting to see the results.

If you were going to learn how to play golf would you listen to a golf pro or a golfer trying to be a golf pro. Only the golf pro has the experience and the knowledge. He's the only one who can explain how he broke the course record and what made it possible for him to achieve. He's earned the right to tell the story.

Humans keep records on everything so we can measure how far we have to go to break that record. Most people posting on these threads have little knowledge of how far they can go or what can actually be achieved. Most give up before learning much at all as their money is gone in a blink of an eye.

I'm only giving insight to what can be achieved and not to be happy with something less then perfection. A month from now Mer and Squalou will laugh at the 1.28 profit factor posted on the back test of their first EA. It will be 10 times that number at least. If not then I may post something but let's give them a chance to build this thing. The experience will last a life time.

Johnny
  • #404
  • Aug 20, 2010 1:32am Aug 20, 2010 1:32am
Here are the results for Thursday.

Eur/Usd

Breakout

 T2 & T3 trades still open from Wednesday, re-enter using a multiplier of 2.

T1= -92 (-46 x 2)
T2= -92 (-46 x 2)
T3= -92 (-46 x 2)

Running Total= -276 pips

T2 & T3 trades closed from Wednesday using a multiplier of 2.

T2= +102 (+51 x 2)
T3= +56 (+28 x 2)

Running Total= -118 pips

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

T1= +230
T2= +5
T3= +5

Running Total= +122 pips

Re-entry

T1= active
T2= active
T3= active

Final Total= +122 pips

T1, T2 & T3 trades are still active with no multiplier.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 96 KB
  • #405
  • Aug 20, 2010 1:45am Aug 20, 2010 1:45am
Gbp/Usd

Breakout

 T1, T2 & T3 trades still open from Wednesday, re-enter using no multiplier.

T1= -47
T2= -47
T3= -47

Running Total= -141 pips

T2 & T3 trades closed from Wednesday using no multiplier.

T1= +69
T2= +1
T3= +1

Running Total= -70 pips

Re-entry

T1= +92 (+46 x 2)
T2= 168 (+84 x 2)
T3= +92 (+46 x 2)

Running Total= +282 pips

Re-entry using no multiplier.

T1= active
T2= active
T3= active

Final Total= +282 pips

T1, T2, & T3 trades still active.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 94 KB
  • #406
  • Aug 20, 2010 1:46am Aug 20, 2010 1:46am
Usd/Cad

Breakout

T1= +36
T2= +66
T3= +66

Final Total= +168 pips

Next BO trade will start with no multiplier.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 83 KB
  • #407
  • Aug 20, 2010 2:02am Aug 20, 2010 2:02am
Eur/Jpy

Breakout

 T1, T2, & T3 trades closed from Wednesday using a multiplier of 34.

T1= +850
T2= +34
T3= +34

Running Total= +918 pips

Loss not recouped from Wednesday, enter new trades at the same multiplier of 34.

T1= active
T2= active
T3= active

Running Total= +918 pips

T1, T2, & T3 trades still active using a multiplier of 34.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 100 KB
  • #408
  • Aug 20, 2010 2:12am Aug 20, 2010 2:12am
Gbp/Jpy

Breakout

 T2 & T3 trades still active using no multiplier.

T2= +1
T3= +1

Running Total= +2 pips

T1= -38
T2= -38
T3= -38

Running Total= -112 pips

Re-entry

T1= +74 (+37 x 2)
T2= +2 (+1 x 2)
T3= +2 (+1 x 2)

Running Total= -34 pips

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

T1= +74 (+37 x 2)
T2= +2 (+1 x 2)
T3= +2 (+1 x 2)

Running Total= +44 pips

Re-entry

T1= +37
T2= +68
T3= +37

Final Total= +186 pips

Next BO trade will start with no multiplier.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 89 KB
  • #409
  • Aug 20, 2010 4:20am Aug 20, 2010 4:20am
Quoting mer071898
Here are the results for Thursday.

Eur/Usd

Breakout

...
Hello Mer
I think there is something wrong with my timings. Please see the attached chart as on Thursday I got profit and did not hit my SL. My broker is GMT +1 and my settings are : 6:00, 09:14 and 4:30.

Thanks
MAK
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 89 KB
  • #410
  • Aug 20, 2010 4:39am Aug 20, 2010 4:39am
Quoting Mak
Hello Mer
I think there is something wrong with my timings. Please see the attached chart as on Thursday I got profit and did not hit my SL. My broker is GMT +1 and my settings are : 6:00, 09:14 and 4:30.

Thanks
MAK

Just compare your chart with the one posted by Mer yesterday, you'll see the box is not at the same place;
Adjust your times to make your box match Mer's.

SQ
  • #411
  • Aug 20, 2010 4:42am Aug 20, 2010 4:42am
Quoting squalou
Just compare your chart with the one posted by Mer yesterday, you'll see the box is not at the same place;
Adjust your times to make your box match Mer's.

SQ
Thanks SQ
  • #412
  • Aug 20, 2010 4:44am Aug 20, 2010 4:44am
Quoting watcherkb
Ty,

works great with M15 Data!

Another thing I found out today: When I have an mini-acc with little margin, then the setting lot = 0.1 & risk = 1% became an error. look at pic
It happened two times with these settings. But some orders with these setting were ok!

1% risk may give you less than 0.01 lot result when the account margin is low.
that's why it's trying to open 0.00 lots (this is due to rounding down to nearest 0.01 multiplier).

You'll have to risk 2% (PER OPEN TRADE , that means 6% for the 3 trades) or maybe more...

SQ
  • #413
  • Aug 20, 2010 4:49am Aug 20, 2010 4:49am
Quoting squalou
1% risk may give you less than 0.01 lot result when the account margin is low.
that's why it's trying to open 0.00 lots (this is due to rounding down to nearest 0.01 multiplier).

You'll have to risk 2% (PER OPEN TRADE , that means 6% for the 3 trades) or maybe more...

SQ
Ok. It make sence.
But than it should set automatically 0.01 lot if the percent set is smaller than 0.01lot.
  • #414
  • Aug 20, 2010 4:49am Aug 20, 2010 4:49am
Quoting squalou
Extension to the strategy:
--------------------------
TP1Factor can be set to be a FIXED PIP value rather than a factor of the box size;
When TP1Factor is >=10, it is considered as a FIXED PIPs value to be applied to the box edges;
Example: with TP1Factor set to 30:
TP1 for Buy is box High + 30pips;
TP1 for Sell is box Low - 30pips;
whatever the box size would be;
Hello Squalou,

Above function of FIXED PIP value does not work. I put it on back tests and gave TP1Factor = 10 and it caused huuuuuge !!! TP level that was far far away from entry level.

While you are fixing other thigs can you also have a look at this issue and also please make sure that SLFactor can be adjustable in the same way.
Thank you and regards,
RL
  • #415
  • Aug 20, 2010 5:14am Aug 20, 2010 5:14am
Quoting watcherkb
Ok. It make sence.
But than it should set automatically 0.01 lot if the percent set is smaller than 0.01lot.
well... maxRisk is maxRisk...
This is strict money management.

Better not trade than loosing more than what you have yourself set as your limit, don't you think so ?

SQ
  • #416
  • Aug 20, 2010 5:18am Aug 20, 2010 5:18am
Quoting rlewan
Hello Squalou,

Above function of FIXED PIP value does not work. I put it on back tests and gave TP1Factor = 10 and it caused huuuuuge !!! TP level that was far far away from entry level.

While you are fixing other thigs can you also have a look at this issue and also please make sure that SLFactor can be adjustable in the same way.
Thank you and regards,
RL
You are using the first EA i posted.
This was fixed a few posts later.
Download again from Post #1.

SQ
  • #417
  • Aug 20, 2010 5:28am Aug 20, 2010 5:28am
Quoting squalou
well... maxRisk is maxRisk...
This is strict money management.

Better not trade than loosing more than what you have yourself set as your limit, don't you think so ?

SQ
Yes you're right.

Thx
  • #418
  • Aug 20, 2010 6:31am Aug 20, 2010 6:31am
Quoting squalou
You are using the first EA i posted.
This was fixed a few posts later.
Download again from Post #1.

SQ
Yes. Thank you !!! I was confused becouse there is no V2 in file name.

Have you fixed also moving to BE+1 pips when TP1 is hit? Is this fucntion now 100 % sure?
Rgds,
RL
  • #419
  • Aug 20, 2010 6:41am Aug 20, 2010 6:41am
Quoting rlewan
Yes. Thank you !!! I was confused becouse there is no V2 in file name.

Have you fixed also moving to BE+1 pips when TP1 is hit? Is this fucntion now 100 % sure?
Rgds,
RL
not yet, this was discovered after i posted the EA...

I will post a new version over the week-end or so, with several other fixes (ECN, timezone, etc).

SQ
  • #420
  • Aug 20, 2010 7:19am Aug 20, 2010 7:19am
Quoting Mak
Hello Mer
I think there is something wrong with my timings. Please see the attached chart as on Thursday I got profit and did not hit my SL. My broker is GMT +1 and my settings are : 6:00, 09:14 and 4:30.

Thanks
MAK
Mak,
if you're GMT+1, then you're in-sync with London that is DST currently, thus GMT+1. This means you should use 5-814 for box determination, not 6-914 .... you're 1hour late ;-)

This will be fixed soon.
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