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A Simple London Breakout V.2

  • #681
  • Sep 7, 2010 4:38am Sep 7, 2010 4:38am
Quoting xmph
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...

that is very good ,
but can you post it here your version please, with all this fixes, fixed bugs etc..

I am not the coder etc

cheers
  • #682
  • Sep 7, 2010 4:39am Sep 7, 2010 4:39am
Quoting xmph
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...


that is very good xmph,
but can you post it here your version please, with all this fixes, fixed bugs etc..

I am not the coder etc

cheers
  • #683
  • Sep 7, 2010 4:40am Sep 7, 2010 4:40am
Quoting JohnnyBSmart
Is anybody trading the prescribed method #3a? How about posting some charts and comments. I'd like to see how people are trading this method.

Johnny
Hi Johnny,

If by #3a you mean using the sema with s/r, then yes. Works well in avoiding stupid trades, I use price action for triggers, such as 3 bar reversal/ engulfing bars etc.

Pardy
  • #684
  • Sep 7, 2010 4:54am Sep 7, 2010 4:54am
Quoting JohnnyBSmart
Squalou,

The attached chart shows what I consider wrong box placements. I believe the box should be placed out the line of fire or you're just asking for your SL to get hit. The rectangle with the X shows a better place to put the box. This is why the box should be placed at the last highest semafor greater then a value of one(1). This is the "B" indicator with additional TP levels added.

Johnny
johnny,

While the box is forming, ZZ-sema will follow the highest/lowest bars.

On sep 2, you end up with the ZZ showing the BOTTOM side as the best place at the time the box has formed.

Here is the 3-zz-sema at the end of the box on sep 2 (GU):
as you can see, the sema #2 is at the bottom, so the box should be put there as per your rule:

Attached Image (click to enlarge)
Click to Enlarge Name: lbo2-GU-2sep-ZZ.gif Size: 24 KB


A few bars later, it may become a different story because the ZZ have repainted, and sema 2 may have moved further and leave just the #1 at its previous position, giving your final picture.
However, I must have different settings thean yours, because i can't get the #2 to move away:
i use periods 5/10/34, dev_step 1,3/7,5/13,8.
What are yours ?
If you're changing them for every picture you post, we won't be able to follow you... can you post the settings along with the pictures so we can give it a try?



On sep 3, it's even more obvious:

at 7h45(gmt+2): box would be placed at the BOTTOM ("good" position, but that's told "once the war is over"...)

Attached Image




But at 9h00, the box is finally placed on the TOP because #3 is now up there, and #2 has disappeared (actually #2 and #3 now overlap):
with all these #3 at the top, how would you figure that it's not the "strong" resistance that we should use ?

Attached Image



At the end of the battle:


Attached Image (click to enlarge)
Click to Enlarge Name: lbo2-GU-3sep-endofday-zz.gif Size: 29 KB




Hummm... easy to find the "good" positions at the end of the day, but in the middle of the battle, it's a different story...


SQ
  • #685
  • Sep 7, 2010 4:58am Sep 7, 2010 4:58am
at the beginig of the topic system was very simple and a beautiful , but now few guys are starting to make it complicated!
Help to be helped.
  • #686
  • Sep 7, 2010 5:55am Sep 7, 2010 5:55am
Quoting squalou
Hummm... easy to find the "good" positions at the end of the day, but in the middle of the battle, it's a different story...
SQ
Exactly !!

What Johny is doing - I call it previous day perfect trading. Look.... that was great place to go short and there the best for going long...http://cdn.forexfactory.com/images/icons/icon7.gif

But during the day it is still guessing with crystall ball....

Johny you are presenting totally different strategy as there is no, absolutely NO brakout in your srategy.

Rgds,
RL
  • #687
  • Sep 7, 2010 7:17am Sep 7, 2010 7:17am
Quoting JohnnyBSmart
Pardy,

Are you using the original box position or the modified 3b version with the top or bottom at the SRs.

Johnny
The modified one.

Pardy
  • #688
  • Sep 7, 2010 7:36am Sep 7, 2010 7:36am
Johnny B, I am sure that you have a wonderful solution but there are so many of us bemused by it. You seem to be against a wall of doubters here and I suspect that when Mer re-appears he will say that it is not his basic scheme.

Could you take it to another thread where only your idea is posted? I would dearly like to understand but with all the 'opposition' I get too confused.

I don't feel that the 3t system is needed if you have a way of placing the box for a breakout.

It also does not have to be London Breakout.

I am pursuing an idea of 30 min ranges for breakouts through the day your idea seems to be in tune with that.

Kolin
  • #689
  • Sep 7, 2010 7:45am Sep 7, 2010 7:45am
Quoting Lazar83
at the beginig of the topic system was very simple and a beautiful , but now few guys are starting to make it complicated!
Correct. That's for sure.

This was called "A Simple London Breakout", LOL

Now it's a whole lot of BS, repainting indicators, endless complications....etc.

  • #690
  • Sep 7, 2010 8:36am Sep 7, 2010 8:36am
Hi All

I've been running the EA as standard (apart from resize factor 1.2) for two days. First day with auto martingale, +61 pips. Today with no martingale, only because I forgot to set it, I'm already 177 pips in profit and +164 pips in open trades trading GBP/USD, Eur/Usd, Eur/jpy, Usd/Jpy.
I hope every day is like this, if so it won't be long before I've got this on a live account. Seriously though great concept Mer, and thanks for the Ea Sqalou.
I wish i'd found this system earlier.

Cheers
Simmo
  • #691
  • Sep 7, 2010 9:23am Sep 7, 2010 9:23am
Quoting JohnnyBSmart
rlewan,

READ MY LAST POST!!!!

No breakout?? Have you hit your head on something really hard. We have been having discussions on the best box positions to get the freaking direction correct as the standard method is directional challenged. We have been looking back to see where the 3b method placed the box to get an idea on how to change the code in the program. Where have you been? Locked up somewhere?

What breakout are you talking about??? The one I'm working with is the increase in volume that occurs sometime before or...
Hi Johnny



Now, I would never try try to suggest that what you're doing is wrong, but...
isn't your method just trading from a semafor alert and then setting your TP and SL levels from your placement of the box ?
What I mean is, it's not a box breakout anymore, therefore not Mer's system.
I only ask after trying to follow this thread I feel it's starting to get mightily confusing with all these different ideas and indi's that are popping up.

Cheers
Simmo

(ooops ! I feel a flaming coming up)
  • #692
  • Edited Sep 8, 2010 1:08am Sep 7, 2010 10:32am | Edited Sep 8, 2010 1:08am
Hi Johnny,
you have completely taken over mer's thread: you put your beautiful and good ideas in front of, you teachest the members, you give squalou advices etc.

In every post you are against the London Breakout idea of this thread, and you recommend other ideas that are very good.
How other members here, I would like to ask you to present your wonderful ideas in a new thread which has nothing to do with LBO.
Squalou or other coders can improve the old systems, or working on a new one, what they find to be good.

I believe that mer will start a new thread "LBO 3", because you have hijacked his thread...

A few years earlier I had made a similar recommendation to @spieler, and his was one of the most visited threads in forum.
  • #693
  • Sep 7, 2010 11:21am Sep 7, 2010 11:21am
BYE
  • #694
  • Sep 7, 2010 11:29am Sep 7, 2010 11:29am
Quoting JohnnyBSmart
BYE
BYE BYE
Happy trading with repainting indicators but please on another, new , separate thread http://cdn.forexfactory.com/images/icons/icon7.gif . I will visit it for sure ;-)
Rgds,
RL
  • #695
  • Sep 7, 2010 2:18pm Sep 7, 2010 2:18pm
Quoting FXMajors
JB I'm sure you do,
FXMajors,
I think you are over-positionned @8lots for a 50k account. I would suggest no more than (50000/2500)*0.01 = 0.2lots to be on the safe side while playing with a Mart component.

Also SL is a good idea
  • #696
  • Sep 7, 2010 4:30pm Sep 7, 2010 4:30pm
Quoting FXMajors
Human EA at work.
Hello FXMajors,

What is the idea of your red lines? How do you calculate them?

Rgds,
RL
  • #697
  • Sep 7, 2010 8:06pm Sep 7, 2010 8:06pm
Squalou and co. (I know mer is on vacation...)

Are we still on track for a '5-tier' target system instead of the current '3-tier'? I know someone had mentioned it on this thread before. Nothing else in the strategy/system changes, except of course, you'll have 5 TPs instead of 3.
I can see lots of merit in having a '5-tier' target EA. It gives you just a bit more flexibility, will add to overall profitability and ,in my opinion, works better than having a built-in trailing stop.

Thanks and keep doing what you're doing!
  • #698
  • Sep 7, 2010 8:14pm Sep 7, 2010 8:14pm
Just to clarify
In the previous post I was not referring to the indy that we're currently trading and testing, but to an EA.
  • #699
  • Sep 8, 2010 12:24am Sep 8, 2010 12:24am
Quoting squalou
... easy to find the "good" positions at the end of the day, but in the middle of the battle, it's a different story...
Watch every day on GBPUSD especially the News events at 10:30 (also today) and 14:30. The 16:00 events are not so good for trading:
.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_news_0903.gif Size: 19 KB
  • #700
  • Sep 8, 2010 2:18am Sep 8, 2010 2:18am
Whats going on ?

There are posts missing from this thread from yesterday. Mine included. Is there some moderation happening here. ????
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