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A Simple London Breakout V.2

  • #1,181
  • Aug 18, 2011 8:08am Aug 18, 2011 8:08am
Quoting mer071898
Thank you for the comments, but you should thank sqaulou as he is the coding guru responsible for all of it. I hope when he gets off vacation that he can quickly make the changes to the existing EA to make it better.
When the EA is changed, i will do what R Kiyosaki mentioned in one of his books: "If you have limited resources, diversification is not for you. Instead, put all you eggs in one basket and watch the eggs VERY carefully."
福 子 Victor V
  • #1,182
  • Aug 18, 2011 5:25pm Aug 18, 2011 5:25pm
Quote
When the EA is changed, i will do what R Kiyosaki mentioned in one of his books: "If you have limited resources, diversification is not for you. Instead, put all you eggs in one basket and watch the eggs VERY carefully."

Smart man, very good book by the way. The big issue though with this strategy is not being able to watch the eggs, it's the proper capitalization of the account that makes the strategy successful. I can't count how many people try and throw a grand on a mini account and expect to do well.
  • #1,183
  • Aug 18, 2011 5:37pm Aug 18, 2011 5:37pm
Are you done posting results Mer?
Awaiting squalou's return to make the changes you've incorporated myself also. Even just having the existing ea close trades at 0100 would help in the backtesting.
  • #1,184
  • Aug 18, 2011 6:01pm Aug 18, 2011 6:01pm
Quote
Are you done posting results Mer?
Awaiting squalou's return to make the changes you've incorporated myself also. Even just having the existing ea close trades at 0100 would help in the backtesting.

I just wanted to put up a few examples of the changes so everyone can see how they're different from the original strategy. Unfortunately, it's too time consuming to post results everyday with everything going on outside of trading. I think having the trades closed at end of day would help the EA with only having to manage one sequence of trades instead of two or three, plus it is probably easier to code.
  • #1,185
  • Aug 18, 2011 6:10pm Aug 18, 2011 6:10pm
Quoting mer071898
Smart man, very good book by the way. The big issue though with this strategy is not being able to watch the eggs, it's the proper capitalization of the account that makes the strategy successful. I can't count how many people try and throw a grand on a mini account and expect to do well.
I do understand the concepts underlying this strategy, thank you very much

Just for a laugh, my limited resources is big enough to trade this strategy
福 子 Victor V
  • #1,186
  • Aug 18, 2011 6:53pm Aug 18, 2011 6:53pm
Mer:

Thanks for all the thought on this strategy. I have been following the Stairsteps Breakout thread and found your comments there to be very helpful. So, I came over here to your thread to learn some more. I now understand why you are interested in that thread.

Now I am really enthused to see the EA with the mods you have proposed.

T
  • #1,187
  • Aug 18, 2011 6:59pm Aug 18, 2011 6:59pm
Quoting Tpc23
Mer:

Thanks for all the thought on this strategy. I have been following the Stairsteps Breakout thread and found your comments there to be very helpful. So, I came over here to your thread to learn some more. I now understand why you are interested....

T
Traitor! Get back to where you belong!
To improve is to change. To perfect, is to change often.
  • #1,188
  • Aug 18, 2011 7:19pm Aug 18, 2011 7:19pm
Quoting forexhard
Traitor! Get back to where you belong!

Can't blame a guy for trying to increase his knowledge !!! LOL

These threads have saved me countless hours of trial and error. (and cost me countless hours of reading and testing )
  • #1,189
  • Aug 18, 2011 9:09pm Aug 18, 2011 9:09pm
Quote
Traitor! Get back to where you belong!

Hey, I'll share mine if you share yours.
  • #1,190
  • Aug 18, 2011 10:00pm Aug 18, 2011 10:00pm
Hi everyone,
First Thanks to the creaters of the system and the EA, well done guys.
I would like to ask a question. If price breaks the box short then retraces and goes through the box long, is there a setting that will allow a long entry as well. Instead of cancelling it after the short has triggered. I guess in other words is there a way of turning the OCO feature off so you can trade both ways in 1 day?

Cheers
Coastie
  • #1,191
  • Aug 18, 2011 10:23pm Aug 18, 2011 10:23pm
The EA should already close the short and automatically place a new long trade at the next multiplier on the reversal.
  • #1,192
  • Aug 19, 2011 12:16am Aug 19, 2011 12:16am
Hi Mer,
Im not using the Martingale strategy, should it still close one and open the other, cause its not doing it for me. Maybe ive got the settings wrong.
Your help would be appreciated.
Cheers
Coastie
  • #1,193
  • Aug 19, 2011 1:13am Aug 19, 2011 1:13am
Hard to say unless you can post a screenshot with your settings. Also, is the journal saying anything unusual? You might have to e-mail sqaulou if you are having issues.
  • #1,194
  • Aug 19, 2011 1:40am Aug 19, 2011 1:40am
Quoting mer071898
Hard to say unless you can post a screenshot with your settings. Also, is the journal saying anything unusual? You might have to e-mail sqaulou if you are having issues.
Ok thanks. Not sure how to get screenshot of settings. but settings are standard. will send message to sqaulou.

cheers
Coastie
  • #1,195
  • Aug 19, 2011 4:58am Aug 19, 2011 4:58am
Reading thread which timeframe meets my trading schedule....Now for results.
  • #1,196
  • Aug 19, 2011 8:11am Aug 19, 2011 8:11am
Hi, there. I am newbies here from Singapore. Can i know what is the time in Singapore for me to trade? Thank you.
  • #1,197
  • Aug 19, 2011 3:17pm Aug 19, 2011 3:17pm
Quote
Hi, there. I am newbies here from Singapore. Can i know what is the time in Singapore for me to trade? Thank you.

It doesn't matter what GMT time it is in Singapore, it matters what your broker's GMT is.
  • #1,198
  • Aug 19, 2011 3:21pm Aug 19, 2011 3:21pm
Hi Mer
Good news : Squalou is back from his vacations...
See you
Si les cons volaient, il ferait toujours nuit...
  • #1,199
  • Aug 19, 2011 4:16pm Aug 19, 2011 4:16pm
Quote
Hi Mer
Good news : Squalou is back from his vacations...
See you

Amen to that! I wish I knew what a vacation felt like.
  • #1,200
  • Aug 19, 2011 8:43pm Aug 19, 2011 8:43pm
thank you
mer071898

is very very good work
i really enjoying raeding this thread
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