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BOWALF - Breakout with ALF Filter

  • #101
  • Sep 23, 2010 1:29pm Sep 23, 2010 1:29pm
Quoting Gg33
Looks like a nice system although it took me a day or so before I could see it...How about making a version covering the NY BO. I would like to try that too
GG
Speaking on my own behalf, servicing these threads is rather time consuming.
I am sure that FW would be pleased to welcome you to cover NY BO and post here... or any other time...any other pair.
  • #102
  • Sep 23, 2010 3:06pm Sep 23, 2010 3:06pm
This weekend I will have more time to do some back testing, but from just looking back for a bit, it seems that when the box is smaller, the chances of profit are greater, perhaps because with a large box the move has already been made. Last night for in stance, the GU had a small box and hit tp3, even tp 4 depending on how you managed the trade. AJ had a larger box but hit SL. I am just speculating at this point, but I think it is worth a look.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ larger box.jpg Size: 91 KB
Click to Enlarge Name: GU small box.jpg Size: 107 KB
  • #103
  • Sep 23, 2010 4:04pm Sep 23, 2010 4:04pm
Box size parameters is definitely one of the major variables to sort out here. Maybe backtest a month with the box max/min set to different setting and see? It seems almost certain that a 50+ pips box for asian is likely "the move" and you've already missed it!

Quoting Dewey McG
This weekend I will have more time to do some back testing, but from just looking back for a bit, it seems that when the box is smaller, the chances of profit are greater, perhaps because with a large box the move has already been made. Last night for in stance, the GU had a small box and hit tp3, even tp 4 depending on how you managed the trade. AJ had a larger box but hit SL. I am just speculating at this point, but I think it is worth a look.
Isolate yourself from the herd
  • #104
  • Sep 23, 2010 6:02pm Sep 23, 2010 6:02pm
Quoting Dewey McG
... from just looking back for a bit, it seems that when the box is smaller, the chances of profit are greater...
I have made the argument for this situation on other threads. Logic says that if your range is small then the chances of getting moves to either side or to both sides are greater.

A 25 pip box or even 20 seemed to be a good size to me but I do not back-test further than a couple of months back and just visually at that.

I do believe that the notorious TRO advocates a single line Break out.
  • #105
  • Sep 23, 2010 6:16pm Sep 23, 2010 6:16pm
Quoting Dewey McG
... the GU had a small box and hit tp3...AJ had a larger box but hit SL.
Hi Dewey, you cannot compare boxes and pairs in the same argument.

Your AJ made a shallow up and then turned. Using the box that you have there and reducing its size will show you the same outcome.

GU is a more volatile pair.

On another thread I have compared 30min ranges and my conclusion is that the smaller the range the more likely the breakout. Along with that SLs are often hit quicker.

I am using a one hour range on this thread because there is little vertical movement in the hours around midnight.

We would also need to have a greater target.
  • #106
  • Sep 23, 2010 7:08pm Sep 23, 2010 7:08pm
Quoting tahshoon
plz,look at the pic ... and have this trend ind. in attachment (all false , only show trend= true )
see u tomorrow ansha allah
tahshoon,

Understand the BO method is not about trend but all about direction at the time of the Open.

Johnny
  • #107
  • Sep 23, 2010 8:50pm Sep 23, 2010 8:50pm
Quoting forexweasel
Tahshoon, I thought my trade had it all: ALF over MTFALF for the long and a break of the m15 down TL but it still tanked. Anyone see a clue as to why?
forexweasel,

Well yes I do I see a lot of problems and since you asked I will tell you.

The attached chart is the 3b version from Mer's thread which is the updated version BTW. I didn't manipulate this in any way except to add the Bols, Semafor indicator, Zigzag, and ZigZag pointer. I did change the Semafor to show the repaints.

Johnny
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-3b-lo.jpg Size: 142 KB
  • #108
  • Sep 23, 2010 10:23pm Sep 23, 2010 10:23pm
I like this MTF bull/bear helper indie which paints an arrow when 4,3 or 2 (user definable) TF's agree. I have it set to 3 TF and looks awesome when it paints an arrow your direction just before a breakout. An arrow against a nearby/soon to occur BO is a good warning against a bad trade. Lets play around with it and let me know what you think.

PS: GU, AJ and EJ long right now.
Attached File(s)
File Type: mq4 4BARS-MTF-BBH 1.07.mq4   13 KB | 538 downloads
Isolate yourself from the herd
  • #109
  • Sep 23, 2010 11:17pm Sep 23, 2010 11:17pm
Quoting JohnnyBSmart
tahshoon,

Understand the BO method is not about trend but all about direction at the time of the Open.

Johnny
thanx for telling me that,but believe me ... i know
and thanx to all friends who advanced me to be careful ...
testing is only the way to see in action what will be ...
if succeeded thanx god for that if not , then looking for a change ...
regards
  • #110
  • Sep 24, 2010 2:36am Sep 24, 2010 2:36am
this is very smart ... i agree with the system ... no trade today
cant play with central banks
Attached Image (click to enlarge)
Click to Enlarge Name: no trade.png Size: 62 KB
  • #111
  • Sep 24, 2010 6:17am Sep 24, 2010 6:17am
Quoting forexweasel
I like this MTF bull/bear helper indie which paints an arrow when 4,3 or 2 (user definable) TF's agree. I have it set to 3 TF and looks awesome when it paints an arrow your direction just before a breakout. An arrow against a nearby/soon to occur BO is a good warning against a bad trade. Lets play around with it and let me know what you think.

PS: GU, AJ and EJ long right now.

Forexweasel can i have the link to your metatrader broker so I can donwload it please...
  • #112
  • Sep 24, 2010 6:35am Sep 24, 2010 6:35am
My first trade (GU) only got to TP1 but thanks to ALF/MTFALF the remaining 4/5th only lost about 5 pips each. AJ and EJ each hit TP4. Netted a few pips shy of 400 for the session
Attached Image (click to enlarge)
Click to Enlarge Name: good session.jpg Size: 179 KB
Isolate yourself from the herd
  • #113
  • Sep 24, 2010 7:40am Sep 24, 2010 7:40am
Quoting forexweasel
... Netted a few pips shy of 400 for the session.
Delighted to hear that FW, you deserve a break out into profits yourself.
  • #114
  • Sep 24, 2010 7:50am Sep 24, 2010 7:50am
Quoting Phreddy
Delighted to hear that FW, you deserve a break out into profits yourself.
agreed.... more than makes up for the couple of losers this week.

Did you peek at the MTF BBH indicator I posted?
Isolate yourself from the herd
  • #115
  • Sep 24, 2010 11:31am Sep 24, 2010 11:31am
Quoting tahshoon
this is very smart ... i agree with the system ... no trade today
cant play with central banks
tahshoon,

It's just the fundamentals at work. It doesn't get any better then this.

Johnny
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-9-24-10.jpg Size: 121 KB
  • #116
  • Sep 24, 2010 12:14pm Sep 24, 2010 12:14pm
Quoting maximus2005
Forexweasel can i have the link to your metatrader broker so I can donwload it please...
Um.........ok, its gomarkets. they are in australia, I think just google "gomarkets" and australia and you should find it. I suppose they have a limited time MT4 demo download like most.

FW
Isolate yourself from the herd
  • #117
  • Sep 24, 2010 3:27pm Sep 24, 2010 3:27pm
Quoting JohnnyBSmart
forexweasel,

Well yes I do I see a lot of problems and since you asked I will tell you.

The attached chart is the 3b version from Mer's thread which is the updated version BTW. I didn't manipulate this in any way except to add the Bols, Semafor indicator, Zigzag, and ZigZag pointer. I did change the Semafor to show the repaints.

Johnny
Johnny can you please post then link to version 3b showing this? It looks very promising!
  • #118
  • Sep 24, 2010 5:01pm Sep 24, 2010 5:01pm
Quoting Dewey McG
Johnny can you please post then link to version 3b showing this? It looks very promising!
Go to Mer's thread, it is all there: A Simple London Breakout V2
  • #119
  • Sep 27, 2010 8:15am Sep 27, 2010 8:15am
Here is 3b for today. Real sideways market.
Attached Image
  • #120
  • Sep 27, 2010 8:25am Sep 27, 2010 8:25am
Here is the earlier hour picture midnight to 0100 broker time.
Ignore the close edge of the cut. You can still see the dotted line of the day divider. Also ignore the target lines. It is only posted for the earlier range and that is also not recommended.
Attached Image
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