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Daily Break Strategy

  • #341
  • Jul 12, 2012 10:53am Jul 12, 2012 10:53am
It is early days yet with this ea as to long term profitability and before I am prepared to go live. I am aware that the thread starter "Basber" (where have you gone?) has done a lot of research and analysis before he so kindly introduced this "Strategy". Sincerely, many thanks. Again, my sincere thanks also to "deathbait" for his work on the ea.
  • #342
  • Jul 12, 2012 11:02am Jul 12, 2012 11:02am
thanks alot
buffer value is 30
is this for 5 decimal and i must change it to 3 for 4 decimal chart?

i think buffer value for distance from high or low from order
  • #343
  • Edited 11:49am Jul 12, 2012 11:03am | Edited 11:49am
sell eurusd :

+57 pips

Attached Image (click to enlarge)
Click to Enlarge Name: my today.gif Size: 36 KB


thanks basber for sharing tour trading system.

good luck.
  • #344
  • Jul 12, 2012 11:18am Jul 12, 2012 11:18am
Quoting davidtrader
thanks alot
buffer value is 30
is this for 5 decimal and i must change it to 3 for 4 decimal chart?

i think buffer value for distance from high or low from order
Yes, I think so. My demo is with Alpari UK who is 5 digit. deathbait may want to confirm.
  • #345
  • Jul 12, 2012 10:37pm Jul 12, 2012 10:37pm
Quoting davidtrader
thanks alot
buffer value is 30
is this for 5 decimal and i must change it to 3 for 4 decimal chart?

i think buffer value for distance from high or low from order
yes change it to 3 for 4 decimal chart.

pls tell me if anything's broken for 4 decimal brokers. I wrote this for 5 decimal brokers and added 4 decimal functionality, but never tested it.
  • #346
  • Jul 13, 2012 12:24am Jul 13, 2012 12:24am
hi every body
what time EA set orders?
because i use it in my chart now and no orders set yet
does this ea set orders when high or low break?
have a nice time
  • #347
  • Jul 13, 2012 12:26am Jul 13, 2012 12:26am
it sets orders at 0GMT. If you activate the EA later than that, it will start working the next day
  • #348
  • Jul 14, 2012 1:56pm Jul 14, 2012 1:56pm
deathbait, when i slap the EA onto my chart it takes off everything else like support and resistance, trendlines etc and i am unable to place them back on until i reopen chart etc.
Is it just me who has this problem?
  • #349
  • Jul 14, 2012 9:50pm Jul 14, 2012 9:50pm
Quoting rassclart
deathbait, when i slap the EA onto my chart it takes off everything else like support and resistance, trendlines etc and i am unable to place them back on until i reopen chart etc.
Is it just me who has this problem?


Like the problem with pending orders being remved when you unloading the Ea, this was also deliberately implemented. I put in a couple of safeguards when coding it.
  • #350
  • Jul 15, 2012 2:17am Jul 15, 2012 2:17am
Actually scratch that. I know its supposed to remove all objects when u put it on, but u should still be able to draw lines after its on
  • #351
  • Jul 15, 2012 3:34am Jul 15, 2012 3:34am
I can draw lines etc but if i change time frame or log back in they disappear, which makes it awkward when analyzing the markets.

Maybe its just my problem i don't know.
  • #352
  • Jul 15, 2012 6:33am Jul 15, 2012 6:33am
Its not just your problem. Everytime you change timeframe is like putting the Ea on again, which deletes every object on the chart. I'll see what I can do to change this behaviour
  • #353
  • Jul 15, 2012 10:23am Jul 15, 2012 10:23am
Thanks i'm surprised nobody else mentioned it on here.
One more thing ironed out i guess.
  • #354
  • Jul 15, 2012 12:08pm Jul 15, 2012 12:08pm
Its not a bug really. In fact, u really shouldn't be doing anything else on a chart with an Ea on it. Like changing timeframes. Just so everyone is clear, the moment the Ea is refreshed (for eg, timeframe changed), it no longer manages the trades properly. Be careful.
  • #355
  • Edited 2:14pm Jul 15, 2012 2:01pm | Edited 2:14pm
Hi guys, great thread. I am pulling up a chair here...

Regarding the EA's:

1. what happens to the EA if there is a power outage and the PC switches off?

2. ok say the power is not an issue (PC lugged into UPS) what happens if the machine loses internet connectivity?

3. are orders placed on the broker's server when you pull the EA onto you chart? or are orders placed at the time (at market) when price reaches the designated levels?

To Basber, thank you for sharing this method and to Deathbait, many thanks for making available the EA.

Arnold
  • #356
  • Jul 15, 2012 11:00pm Jul 15, 2012 11:00pm
Quoting Arnold 1
Hi guys, great thread. I am pulling up a chair here...

Regarding the EA's:

1. what happens to the EA if there is a power outage and the PC switches off?

2. ok say the power is not an issue (PC lugged into UPS) what happens if the machine loses internet connectivity?

3. are orders placed on the broker's server when you pull the EA onto you chart? or are orders placed at the time (at market) when price reaches the designated levels?

To Basber, thank you for sharing this method and to Deathbait, many thanks for making available the...

1) the orders come in 3 waves of pending orders. If power is lost and then turned back on, the EA will no longer place subsequent waves of orders until the next trading day

2) If internet connectivity is lost, pending orders stay on the server and will be executed. Orders to be placed on subsequent waves SHOULD trigger when the connection is restored, unless price has moved past those orders in the meantime

3) This EA uses pending orders, which are placed on the server side.
  • #357
  • Jul 16, 2012 9:07am Jul 16, 2012 9:07am
Hello Traders !

My name is Andrej and I'm new to Forex Factory, although I've been trading Forex for about two years now. Honestly, I haven't encountered a system that would be so simple and effective at the same time as the this one yet. Really thank you Basper for posting it !

As I rely more on manual testing, I performed a backtest on EUR/USD from 1.1.2012 until now with the results attached in the excell. Although it's not perfect, I believe it should be at least 90% true. Parameters like innitial balance, spread and risk per trade are adjustable. This is how your balance would develop if you traded this system this year. I may enlarge the testing period as I have more time in following days. Hope it helps you.

Andrej
Attached File(s)
File Type: xls Break-Out System Results 2012.xls   86 KB | 542 downloads
  • #358
  • Jul 16, 2012 4:25pm Jul 16, 2012 4:25pm
Hello Deathbait !

I also want to thank you for EA you made for this system. I'd like to ask you something, I use GMT + 2hours broker. If I open your EA on 30min chart at let's say 23.20 my server time, what should I do to set the EA to work properly for the next day? I'd like it to calculate the levels based upon my server time, not GMT, but GMT+2. Thank you for you respond !
  • #359
  • Jul 16, 2012 10:30pm Jul 16, 2012 10:30pm
Quoting Andrej7
Hello Deathbait !

I also want to thank you for EA you made for this system. I'd like to ask you something, I use GMT + 2hours broker. If I open your EA on 30min chart at let's say 23.20 my server time, what should I do to set the EA to work properly for the next day? I'd like it to calculate the levels based upon my server time, not GMT, but GMT+2. Thank you for you respond !
I'm not really understanding you, but I think you want one of these 2 things, so pick the setting you prefer

1) if you're hoping to set orders at GMT 0000 as per this strategy's rules, set the variable daystart to 2

2) if you're hoping to set orders at 0000 your broker time(not the rules of this strategy), set daystart to 0
  • #360
  • Jul 17, 2012 4:26am Jul 17, 2012 4:26am
My demo on the out of the box settings of the EA is going well:
http://widgets.myfxbook.com/widgets/335702/large.jpg
Thanks deathbait!
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