EURUSD Session Breakout and Reverse Strategy | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Entering a new position - reverse strategy 15 replies

SBOR II - Session Breakout and Reverse strategy (universal) 34 replies

reverse versus breakout 1 reply

Reverse Strategy Ideas? 20 replies

Need help coding reverse strategy of this EA 0 replies

Attachments: EURUSD Session Breakout and Reverse Strategy
Exit Attachments

EURUSD Session Breakout and Reverse Strategy

  • #41
  • Jan 30, 2012 11:03pm Jan 30, 2012 11:03pm
Quoting peterporter
+16pips nice

Hope the win rate is well over 50%, we shall see

Could someone just confirm my TP SL and SS levels when they have a bit of time thanks so I am on the right lines of entry etc

so how is your trsting doin ? win.loss ratio ?
  • #42
  • Jan 31, 2012 4:01am Jan 31, 2012 4:01am
Quoting mfoste1
I run an algo variation of this system on my desk....I developed it about six months ago, very successful.

please share your variation...
  • #43
  • Feb 4, 2012 7:01pm Feb 4, 2012 7:01pm
To the author, thanks for sharing.

But i can't understand this system. I have been trying to understand this system for weeks, but i really cant.

What i can understand is:

1- After the close of a session the first candle that break the session by 1 pip is the breakout candle (candle 1).

2- If the candle break the high of the session, i will enter with a short 2.5 below candle's breakout low.

3- If there is not a breakout of the low in the first candle (candle 2) after this breakout candle, the i will enter on the next candle (candle 3). If it doesn't happen i will not enter the trade.

4 - SL 2.5 pips the breakout candle's high

5- I thought the Excel spreadsheet was only to backtest the system, but re- reading looks like it is really necessary to enter each trade. Is this correct?


I would appreciate if someone could gave more examples of trades.
  • #44
  • Feb 5, 2012 3:41am Feb 5, 2012 3:41am
Hi,

For a candle to qualify, there must be a breakout with at least 2.5 pips, both side!

Candle trading order: first candle that breaks out at least 2.5 pips must qualify for a trade (indication "T" in the excel), if it does not, then check the following 2 candles combined (not as individual candles).

It is absolutely necessary to use the Excel to trade this system or a robot as there is no way you can make a decision on the qualification of the candles. It is just too complex, too many factors to consider. Also, it will tell you all the order parameters, so you do not have to calculate them yourself.

The Excel is full of trading examples, compare them with data on your charts.

I hope this helps.


Quoting giraia_br
To the author, thanks for sharing.

But i can't understand this system. I have been trying to understand this system for weeks, but i really cant.

What i can understand is:

1- After the close of a session the first candle that break the session by 1 pip is the breakout candle (candle 1).

2- If the candle break the high of the session, i will enter with a short 2.5 below candle's breakout low.

3- If there is not a breakout of the low in the first candle (candle 2) after this breakout candle, the i will enter on the next candle (candle 3). If...
functionaltrader.com
  • #45
  • Feb 6, 2012 5:14am Feb 6, 2012 5:14am
Quoting rewand
Hi,

I have created a strategy called SBOR that stands for Session BreakOut and Reverse. Now, I add more information to clarify the concept.

M15 and EURUSD only.

The idea is that if price breaks out from and later returns into the session range below the breakout candle's low, price will fall further about as much as the size of the breakout candle, if certain conditions are met. In case of certain candles it falls even more.

There are 4 sessions to watch [Hungarian Time: GMT+2], template is attached:
[list][*]Asian...

the confusion regarding session times remains.

can you please post the session times based on what time they would be here in london u.k.
  • #46
  • Feb 6, 2012 5:48am Feb 6, 2012 5:48am
Quoting rewand
Hi,

I have created a strategy called SBOR that stands for Session BreakOut and Reverse. Now, I add more information to clarify the concept.

M15 and EURUSD only.

The idea is that if price breaks out from and later returns into the session range below the breakout candle's low, price will fall further about as much as the size of the breakout candle, if certain conditions are met. In case of certain candles it falls even more.

There are 4 sessions to watch [Hungarian Time: GMT+2], template is attached:
[list][*]Asian...

rewand

i still do not understand the use of your excel sheet and how to 'qualify' a candle ?

an explanation in simple language with examples would be helpful
  • #47
  • Feb 6, 2012 12:34pm Feb 6, 2012 12:34pm
Quoting whatfx
rewand

i still do not understand the use of your excel sheet and how to 'qualify' a candle ?

an explanation in simple language with examples would be helpful
Hi,
Please read the posts again and pm me exactly which part you do not understand. About the sessions, you can just check the pictures I posted, find the same dates on your own charts and adjust your session borders accordingly so that it looks the same as on the pictures.
R.
functionaltrader.com
  • #48
  • Feb 28, 2012 5:40pm Feb 28, 2012 5:40pm
thanks for reply.

1 i can use only the calculator or i need to aways use the TP adjustment?

2 in "session range" i see values like 42.1

using MT4 cursor i will note get values like this. How do you get the precise range value?

3 i am not able to use it yet. I tried to just copy and paste almost the entire line 24 to see if if the colunm "1 candle" cahgne to 2+c or T, but it didn't happen.

so i still stucked in the most simple part of the system.


Maybe with the picture of just one example is enough. Thanks for your patitence.
  • #49
  • Feb 29, 2012 1:43am Feb 29, 2012 1:43am
Quoting giraia_br
thanks for reply.

1 i can use only the calculator or i need to aways use the TP adjustment?

2 in "session range" i see values like 42.1

using MT4 cursor i will note get values like this. How do you get the precise range value?

3 i am not able to use it yet. I tried to just copy and paste almost the entire line 24 to see if if the colunm "1 candle" cahgne to 2+c or T, but it didn't happen.

so i still stucked in the most simple part of the system.


Maybe with the picture of just one example is enough. Thanks for your patitence.
1. Set TP values are the best possible mechanical guess, based on past data. I do not recommend to change them. TP adjustment should only occur if you have a view on the market different from the actual trade. BUT: the strategy is based on statistics and as such if you let some trades lose you will still have more winners.

2. Tell me about the time the trade was taken, the candle high and low in the session, then I would know what you are referring to.

3. There are plenty of pictures I posted with time references. The Excel file contains trades from the past, being a good reference in times of uncertainty.

I hope you will make it.
functionaltrader.com
  • #50
  • Feb 29, 2012 12:56pm Feb 29, 2012 12:56pm
1 So i don't need to use the tab "BOR EURUSD TP adjustment", right?

2 But i am talking about the confirmation to take a trade. I did not take any trade.

3 I will give a example of what i can do by now.

Today Asia Full date are:
high:
1.3484
low:
1.3454
range:
30

With this i puted these date like in image 1

then, ate 11:00 the first candle beaks the session low and came back. So i puted the date like in the seconde image.

now what? i don't now what to do.


thanks again for you patience.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: session.png Size: 62 KB
Click to Enlarge Name: first candle.png Size: 55 KB
  • #51
  • Last Post: Edited 7:14am Mar 1, 2012 2:44am | Edited 7:14am
Oops. When I uploaded the programming specs, I forgot to think about those who just want to use the calculator (and I did not hide the columns not necessary to see when trading. Also, column references got messed up).

I have uploaded the file that is perfect for trading only. I hope this helps. Sorry for the confusion.

Rewand
functionaltrader.com
0 traders viewing now