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A Simple London Breakout V.2

  • #661
  • Sep 4, 2010 9:27am Sep 4, 2010 9:27am
Quoting panthere
I put your template but I have only one moving average on my screen and the list of indicators on your template that I also moving average?
thank you

FRENCH

j'ai mis ta template mais j'ai uniquement une moving average sur mon ecran et dans la liste des indicateurs sur ta template j'ai aussi que la moving average ?
merci
(French lady, sorry guys...
c'est parce-que tu n'as pas l'indicateur de cette strategie, "3 Tier London Breakout V.3.2a.mq4" (tu le trouveras en cliquant le trombonne en haut a droite), qui sera chargé par le template.
Le template ne charge que ce qu'il trouve...

Ceci dit, si tu n'en es pas encore à pouvoir faire ce genre de manip sans demander (nous avons tous commencé par la...), je te conseille vivement de ne PAS utiliser cette strategie pour les news... TRES risqué.

SQ
  • #662
  • Sep 4, 2010 9:45am Sep 4, 2010 9:45am
(hey guys...Mer is online NOW... )

Hey Mer !

How do you find your new thread paint ?

How is your vacation doing ?....

SQ
  • #663
  • Sep 4, 2010 11:23am Sep 4, 2010 11:23am
Quoting SwingMan
Only one little question to the great thinkers: did you think to use as box the bars 1 hour before news?
In the chart below is a system in development (the boxes are not the right).
In the lower window the green histograms show the small BarRanges according to which follow large movements, which one can trade with great safety.

This is my 200% Accurate Method ...
.
Hello SwingMan,

I have meant to read your thread but have been stuck in a box as of late on this thread. I watch the news like a hawk and a lot of my trading decisions are with the fundamentals in mind.

The words you posted under my name are Squalou's words and not my mine. I don't trade market misconceptions.

I will visit your thread sometime.

Johnny
  • #664
  • Sep 4, 2010 12:15pm Sep 4, 2010 12:15pm
Quoting JohnnyBSmart
...The words you posted under my name are Squalou's words and not my mine. ...I will visit your thread sometime.
- I'm sorry, but it was only a question about an alternative to small boxes and it seems that there is no interest.

- My thread(s) are very old...
  • #665
  • Sep 4, 2010 12:40pm Sep 4, 2010 12:40pm
Quoting nightingale
bank, institutional etc only able to move the prices for temporary only. I think they won't move against the trend. the breakout system that offered here basically only follow the trend.
nightingale,

I wish that were true but this thread is trend challenged and that's why the box is all wrong. The London Open usually begins a Big Money counter trend trade that takes out the "with the trend" retail traders Stop Loss placements and leaves them with their face in their crying towels. The change in direction entices some to jump into the counter trend move they started. The more money they can convince of this reversed direction the more money that will be made when they suddenly sell their positions and reverse the direction again. They play this game all day long but this is their bread and butter time.

This doesn't always work for very long and a return to a "with the trend trade" is inevitable. After this little game is played the PA runs fast to support or resistance because of the volume increase. The PA isn't changing it's course in any way shape or form and would have reached it's destination in due time anyway. The PA just moves faster due to volume and hence the misconception of a breakout move.

Learn first then trade,

Johnny
  • #666
  • Edited 3:06pm Sep 4, 2010 2:25pm | Edited 3:06pm
thanks goes to the thread starter for this good strategie and indicators. i modified it a little bit. my bo box starts from 0:00am till 7:00am (gmt +2) during asia session. if london begins, i draw one parallel line from the first highest high to second and put the downline on the lowest low, or vice versa first lowest low to second and the downline on highest high (like screenshot) to get a second channel. i think the most of the time that gets the bo earlier. after breaking one of this lines i open only one order with tp 30 and sl 20. if the market choppy (bo is about 30 pips) i will use the horizontal lines. i used it on gbpjpy and sometimes on gbpusd.
http://img821.imageshack.us/img821/3032/hhllindi.jpg

nice weekend and green pips,

derox
  • #667
  • Sep 4, 2010 4:04pm Sep 4, 2010 4:04pm
Squalou,

Just to let you know I added a lengthy response and charts to post #646.

Johnny
  • #668
  • Sep 4, 2010 5:03pm Sep 4, 2010 5:03pm
squalou yes I will not touch it I was obviously not the level-D

FRENCH

oui squalou je vais pas toucher a ça j'ai pas le niveau c'est évident -D
  • #669
  • Sep 4, 2010 11:10pm Sep 4, 2010 11:10pm
Squalou,

Do you have a program simulator? I don't mean an EA simulator but a program simulator. Please let me know. If you do not have one I will post it for you.

Johnny
  • #670
  • Edited 4:07am Sep 5, 2010 3:55am | Edited 4:07am
thanks Johnny, i am like getting 50% of your strategy.. i know you are not obligated to but if you could include some examples would be really great, i am all ears and all heart to learn. One big question is how do we have it has stretched out the the unusual high or low and if its high enough ot low enough to enter trade...

Quoting JohnnyBSmart
Hello juzgood1978,

It really has a very simple concept but it isn't a program thing. I will explain it in simple easy to understand language.

I have a little miniature Dashund by the name of Jack who loves to take a walk through the woods in the nearby public park. As I walk on the path with Jack on a long rubber cord leash he looks for signs of the rabbit he knows is hiding somewhere in the bushes. He will absolutely stretch his leash to the limit when he smells something and then he will move to the opposite side of the path and do exactly...
  • #671
  • Sep 5, 2010 4:11am Sep 5, 2010 4:11am
Hi Johnny,

In your charts on post 646, e.g., you give the best box position as sited just above resistance. The bottom of the box is thus at the resistance line. Whilst this would prevent a trade going long as it is likely to lose, where would you actually take a trade, since price does not enter the box itself. What would the trade trigger be?
Also, in that case, how do you determine the range, and if we are looking to trade "outside" the box as it were, why would the range actually matter?

Hope you will address this.

Thanks
Pardy
  • #672
  • Sep 5, 2010 10:03am Sep 5, 2010 10:03am
Quoting SwingMan
Only one little question to the great thinkers: did you think to use as box the bars 1 hour before news?
In the chart below is a system in development (the boxes are not the right).
In the lower window the green histograms show the small BarRanges according to which follow large movements, which one can trade with great safety.

This is my 200% Accurate Method ...
.
Hi Swingman,
Could I request you to kindly post your news trading lines indicator, please.
Thanks and regards
Pardy
  • #673
  • Sep 5, 2010 1:43pm Sep 5, 2010 1:43pm
Quoting Pardy
Hi Johnny,

In your charts on post 646, e.g., you give the best box position as sited just above resistance. The bottom of the box is thus at the resistance line. Whilst this would prevent a trade going long as it is likely to lose, where would you actually take a trade, since price does not enter the box itself. What would the trade trigger be?
Also, in that case, how do you determine the range, and if we are looking to trade "outside" the box as it were, why would the range actually matter?

Hope you will address this.

Thanks
Pardy
Pardy,

The trade is taken as close to the box as possible. I use the Bols-9-2 and the High and Low Stochastics set at 14-3-1 with Momentum Indicators set at 10. A trade is taken after the completion of the move. In your example the move would be an up move to resistance.

The box to me is just visual thing depicting the Open. I do not wait for the 3:00 EST to make a trade. The semaphor that I'm using forms very quickly although it can and will repaint. Confirmation is essential to confirm the trade. You can also use the Gann indicator set at 3 and buy at a cross.

Johnny
  • #674
  • Edited 2:55pm Sep 5, 2010 2:32pm | Edited 2:55pm
Squalou,

I modified
Inserted Code
void MoveSLwhenProfit(int profit_pips_target, int pips_to_lock)
as currently, there was the Order3 issue not moving to BE+ and, I realized that if I trade on M30 instead of M15, it does not handle the Move the BE+ for Order3 at any time.

I used your variables but rewrite the complete logic based on price action.

Logic:
@TP1, move order2 and order3 to order1+BE
@TP2, move order3 to TP1+BE -> you may not want this if you want to let Order3 ride ... I personally prefer to lock-in pips.

This can be improved.

Here is the code:
Inserted Code
if ( OrderType() == OP_SELL )
  {
   if (Ask <= SellTP2 && OrderStopLoss() >= SellTP1-BreakEvenProfitInPips*pip)
   {_OrderModify(OrderTicket(), OrderOpenPrice(), SellTP1-BreakEvenProfitInPips*pip, OrderTakeProfit(), OrderExpiration(), Green);}
   else if (Ask <= SellTP1 && OrderStopLoss() >= OrderOpenPrice()-(BreakEvenProfitInPips*pip))
   {_OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice()-(BreakEvenProfitInPips*pip), OrderTakeProfit(), OrderExpiration(), Green);}  
  }
  else if (OrderType() == OP_BUY)
  {
   if (Ask >= BuyTP2 && OrderStopLoss() <= BuyTP1+BreakEvenProfitInPips*pip)
   {_OrderModify(OrderTicket(), OrderOpenPrice(), BuyTP1+BreakEvenProfitInPips*pip, OrderTakeProfit(), OrderExpiration(), Green);}
   else if (Ask >= BuyTP1 && OrderStopLoss() <= OrderOpenPrice()+BreakEvenProfitInPips*pip)
   {_OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice()+BreakEvenProfitInPips*pip, OrderTakeProfit(), OrderExpiration(), Green);} 
  }
In this manner, moving to BE+ is no more TF dependent and everyone should be able to enjoy only a more profitable EA. Again, if you copy/paste that in place of the previous function logic, everyone one should backtest/forward better results.

If not, let me know.
X.

PS: this prevents martingaling for nothing!

PPS:

Before: TF=M30
Attached Image (click to enlarge)
Click to Enlarge Name: before.gif Size: 23 KB


After: TF=M30
Attached Image (click to enlarge)
Click to Enlarge Name: after.gif Size: 24 KB
  • #675
  • Sep 5, 2010 2:38pm Sep 5, 2010 2:38pm
Quoting JohnnyBSmart
Pardy,

The trade is taken as close to the box as possible. I use the Bols-9-2 and the High and Low Stochastics set at 14-3-1 with Momentum Indicators set at 10. A trade is taken after the completion of the move. In your example the move would be an up move to resistance.

The box to me is just visual thing depicting the Open. I do not wait for the 3:00 EST to make a trade. The semaphor that I'm using forms very quickly although it can and will repaint. Confirmation is essential to confirm the trade. You can also use the Gann indicator set at...
Thanks, that clears it completely in my mind. Quite like your semafor and stoch setup, combined with price action.

Regards
Pardy
  • #676
  • Sep 5, 2010 2:57pm Sep 5, 2010 2:57pm
Quoting Pardy
...Could I request you to kindly post your news trading lines indicator, please.
I'm sorry, but the indicator is not yet finished (meanwhile the accuracy is increased to 300% ...), and does not fit well with this thread to post it here.
  • #677
  • Sep 5, 2010 3:14pm Sep 5, 2010 3:14pm
Quoting SwingMan
I'm sorry, but the indicator is not yet finished (meanwhile the accuracy is increased to 300% ...), and does not fit well with this thread to post it here.
You're probably right, have sent you a pm.

Regards
Pardy
  • #678
  • Sep 6, 2010 12:07am Sep 6, 2010 12:07am
Quoting xmph
Squalou,

I modified
Inserted Code
void MoveSLwhenProfit(int profit_pips_target, int pips_to_lock)
as currently, there was the Order3 issue not moving to BE+ and, I realized that if I trade on M30 instead of M15, it does not handle the Move the BE+ for Order3 at any time.

I used your variables but rewrite the complete logic based on price action.

Logic:
@TP1, move order2 and order3 to order1+BE
@TP2, move order3 to TP1+BE -> you may not want this if you want to let Order3 ride ... I personally prefer to lock-in pips.

This can be improved.

Here...

Thanx for that change, i'll check it out.
Don't know why M30 would not work, though.
The EA handles every tick, not just bar close.
Anyway, i will test your change.

SQ
  • #679
  • Sep 6, 2010 10:24am Sep 6, 2010 10:24am
Quoting squalou
Thanx for that change, i'll check it out.
Don't know why M30 would not work, though.
The EA handles every tick, not just bar close.
Anyway, i will test your change.

SQ
SQ, here is a variation, I simply played a little with the SL for order2. In my yearly 2004-now backtest, this maintains the DD at a max of 45%, not too bad for a martingale system.

Inserted Code
double HalfLvl2;
  if ( OrderType() == OP_SELL )
  {
   HalfLvl2 = MathAbs(SellTP2-SellTP1)/2;
   if (Ask <= SellTP2+HalfLvl2 && OrderStopLoss() >= OrderOpenPrice()-HalfLvl2)
   {_OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice()-HalfLvl2, OrderTakeProfit(), OrderExpiration(), Green);}
   else if (Ask <= SellTP1 && OrderStopLoss() >= OrderOpenPrice()-(BreakEvenProfitInPips*pip))
   {_OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice()-(BreakEvenProfitInPips*pip), OrderTakeProfit(), OrderExpiration(), Green);}  
  }
  else if (OrderType() == OP_BUY)
  {
   HalfLvl2 = MathAbs(BuyTP2-BuyTP1)/2;
   if (Ask >= BuyTP2-HalfLvl2 && OrderStopLoss() <= OrderOpenPrice()+HalfLvl2)
   {_OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice()+HalfLvl2, OrderTakeProfit(), OrderExpiration(), Green);}
   else if (Ask >= BuyTP1 && OrderStopLoss() <= OrderOpenPrice()+BreakEvenProfitInPips*pip)
   {_OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice()+BreakEvenProfitInPips*pip, OrderTakeProfit(), OrderExpiration(), Green);} 
  }
However, this does not pull out as much additional pips as I thought, although it does not reduce the profits neither.
  • #680
  • Edited 9:07pm Sep 6, 2010 7:26pm | Edited 9:07pm
Dear all,

the Auto-GMT code I provided in a previous post had a bug that would have cause some damages in october this year (not before).

Please replace the complete code in
Quote
GMT_DST_TimeMod.mq4
with the following:
Inserted Code
#import "kernel32.dll"
int TZInfoArray[43];
int GetTimeZoneInformation(int& TZInfoArray[]);
int GMT_Shift = 99;

// Backup
string     StartTime_Backup;    // time for start of price establishment window
string     EndTime_Backup;    // time for end of price establishment window
string     SessionEndTime_Backup;

//++++++++++++++++++++++++++++++++
void GmtDst_SessionAdjusted()
{
  
  if (BacktestingMode == false)
  {
      // determining GMT shift in real-time
      GMT_Datasets = iCustom(0, 0, "GMT-offset",0,0);
  }
  
  string StartSubHour, EndSubHour, SessionEndSubHour;
  int StartHour, EndHour, SessEndHour;
  
  StartSubHour = StringSubstr(StartTime_Backup, 0, 2);
  StartHour = StrToInteger (StartSubHour);
  
  EndSubHour = StringSubstr(    EndTime_Backup, 0, 2);
  EndHour = StrToInteger (EndSubHour);
  
  SessionEndSubHour = StringSubstr(    SessionEndTime_Backup, 0, 2);
  SessEndHour = StrToInteger (SessionEndSubHour);

  // DST Time
  if ( (Month() >=4 && Month() <=9) && GMT_Adjusted_summer == false)
  {
      GMT_Shift = GMT_Datasets - 1; // DST London is GMT+1
      GMT_Adjusted_summer = true;
      GMT_Adjusted_winter = false;
      
      StartHour = StartHour + GMT_Shift; 
      EndHour = EndHour + GMT_Shift;
      SessEndHour = SessEndHour + GMT_Shift;
      
      StartTime = StringConcatenate(StartHour,":","00");
      EndTime = StringConcatenate(EndHour,":","14");
      SessionEndTime = StringConcatenate(SessEndHour,":","00");
      
  }
  else if ( (Month() <=2 || Month() >= 11) && GMT_Adjusted_winter == false)
  {
      GMT_Shift = GMT_Datasets - 0; // London is GMT+0
      GMT_Adjusted_summer = false;
      GMT_Adjusted_winter = true;
      
      StartHour = StartHour + GMT_Shift; 
      EndHour = EndHour + GMT_Shift;
      SessEndHour = SessEndHour + GMT_Shift;
      
      StartTime = StringConcatenate(StartHour,":","00");
      EndTime = StringConcatenate(EndHour,":","14");
      SessionEndTime = StringConcatenate(SessEndHour,":","00");
  }
  
  if (Month() == 3)
  {
      if (Day() < 25 && GMT_Adjusted_winter == false)
      {
         GMT_Shift = GMT_Datasets - 0; // London is GMT+0
         GMT_Adjusted_summer = false;
         GMT_Adjusted_winter = true;
      
         StartHour = StartHour + GMT_Shift; 
         EndHour = EndHour + GMT_Shift;
         SessEndHour = SessEndHour + GMT_Shift;
      
         StartTime = StringConcatenate(StartHour,":","00");
         EndTime = StringConcatenate(EndHour,":","14");
         SessionEndTime = StringConcatenate(SessEndHour,":","00");
      }
      else if (Day() >= 25 && DayOfWeek() == 0 && GMT_Adjusted_summer == false )
      {
         GMT_Shift = GMT_Datasets - 1; // DST London is GMT+1
         GMT_Adjusted_summer = true;
         GMT_Adjusted_winter = false;
      
         StartHour = StartHour + GMT_Shift; 
         EndHour = EndHour + GMT_Shift;
         SessEndHour = SessEndHour + GMT_Shift;
      
         StartTime = StringConcatenate(StartHour,":","00");
         EndTime = StringConcatenate(EndHour,":","14");
         SessionEndTime = StringConcatenate(SessEndHour,":","00");
      }
      else if (Day() >= 25 && GMT_Adjusted_winter == false && GMT_Adjusted_summer == false)
      {
         GMT_Shift = GMT_Datasets - 0; // London is GMT+0
         GMT_Adjusted_summer = false;
         GMT_Adjusted_winter = true;
      
         StartHour = StartHour + GMT_Shift; 
         EndHour = EndHour + GMT_Shift;
         SessEndHour = SessEndHour + GMT_Shift;
      
         StartTime = StringConcatenate(StartHour,":","00");
         EndTime = StringConcatenate(EndHour,":","14");
         SessionEndTime = StringConcatenate(SessEndHour,":","00");
      }
  }
  
  if (Month() == 10)
  {
      if (Day() < 25 && GMT_Adjusted_summer == false)
      {
         GMT_Shift = GMT_Datasets - 1; // London is GMT+0
         GMT_Adjusted_summer = true;
         GMT_Adjusted_winter = false;
      
         StartHour = StartHour + GMT_Shift; 
         EndHour = EndHour + GMT_Shift;
         SessEndHour = SessEndHour + GMT_Shift;
      
         StartTime = StringConcatenate(StartHour,":","00");
         EndTime = StringConcatenate(EndHour,":","14");
         SessionEndTime = StringConcatenate(SessEndHour,":","00");
      }
      else if (Day() >= 25 && DayOfWeek() == 0 && GMT_Adjusted_winter == false )
      {
         GMT_Shift = GMT_Datasets - 0; // DST London is GMT+1
         GMT_Adjusted_summer = false;
         GMT_Adjusted_winter = true;
      
         StartHour = StartHour + GMT_Shift; 
         EndHour = EndHour + GMT_Shift;
         SessEndHour = SessEndHour + GMT_Shift;
      
         StartTime = StringConcatenate(StartHour,":","00");
         EndTime = StringConcatenate(EndHour,":","14");
         SessionEndTime = StringConcatenate(SessEndHour,":","00");
      }
      else if (Day() >= 25 && GMT_Adjusted_winter == false && GMT_Adjusted_summer == false)
      {
         GMT_Shift = GMT_Datasets - 1; // London is GMT+0
         GMT_Adjusted_summer = true;
         GMT_Adjusted_winter = false;
      
         StartHour = StartHour + GMT_Shift; 
         EndHour = EndHour + GMT_Shift;
         SessEndHour = SessEndHour + GMT_Shift;
      
         StartTime = StringConcatenate(StartHour,":","00");
         EndTime = StringConcatenate(EndHour,":","14");
         SessionEndTime = StringConcatenate(SessEndHour,":","00");
      }
  }
}
In my modded version of SQ's main code, replace the section
in the Init() function replace
Inserted Code
  GmtDst_SessionAdjusted();
by
Inserted Code
  StartTime_Backup = StartTime;    // time for start of price establishment window
  EndTime_Backup = EndTime;    // time for end of price establishment window
  SessionEndTime_Backup = SessionEndTime;
  GmtDst_SessionAdjusted();
in the Start() function replace
Inserted Code
if (Day() >= 25 && (Month() == 3 || Month() == 10) && DayOfWeek() == 0)
by
Inserted Code
if (Day() >= 25 && (Month() == 3 || Month() == 10) /*&& DayOfWeek() == 0*/)
Beside correcting the bug I had, I realized that the Auto-GMT library does not work properly ... specifically if you start the EA at specific dates such as .... october 25th - october 31th (if you dont know why, check note1, and then explanation in note2 .. if still no clue go back to note1).

Until I figured out how to do this automatically, I prevent the EA from trading the last week of March/October, but still automatically adjust for GMT the rest of the year.

note1: If you have no clue what this means, I suggest you do not use my modded version and use SQ's one until I can provide some code that does not require any understanding .... not a big deal but calendar programming is a messy subject.

note2: here is what I need to do to handle all this automatically - if backtesting starts on october 28th, I need to check the previous day up until the 25th, and check whether or not that is a sunday, for which case we are already in winter time ! I know, a hell of a headache.

The bad: all this mess if for automatically handling London DST time ... .
The ugly: what about USA that changed the time on which to set DST in 2007 (if I remember) - well that means that one need a real calendar function to do correct backtesting other than for London breakout.

I'll think about it but I guess there is no choice but to have a hash table of every DST time switch since 1999, for every country one wants to trade - SQ, for that purpose, I think I need to go back to the indi I pointer you earlier.

note3: To the backtesters .... if some adventurous ones tried to investigate few years back for different BreakOut (in terms of London, NY, Asian, News) .... well I hope you made sure all the above were consistent to have a meaningful result
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