Daily Break Strategy | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BB break + trendline break 24 replies

The Daily Break Out Strategy 29 replies

Looking for L > Break High Break Low Indicator 1 reply

Simple break-out strategy for trading daily chart 19 replies

A break below - A Break Above Question 1 reply

Attachments: Daily Break Strategy
Exit Attachments

Daily Break Strategy

  • #501
  • Aug 14, 2012 4:13am Aug 14, 2012 4:13am
I was hoping it can be changed externally or coding so that I can run a backtest.
  • #502
  • Aug 14, 2012 5:42am Aug 14, 2012 5:42am
Quoting deathbait
The time function in the code has become overly complicated, and I'll need to rewrite it when I have the time.

Can I just confirm with the both of you, that you the screenshots were taken on platforms that were running the EA BEFORE the market opened on sunday/monday?

I ask, because I know that there are instances where the box will not draw correctly if applied after the open
Mine after...
"Being picky only cost your time - not MONEY"...Hans
  • #503
  • Aug 14, 2012 12:52pm Aug 14, 2012 12:52pm
I don't know if it would be more interesting a semiautomatic EA...introduciing manually the orders, SL's, TP's every night and throwing the EA and it will handle the trade management.

A mix between your EA and the "Visual order editor".

What do you thing about it?


Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #504
  • Aug 15, 2012 2:53pm Aug 15, 2012 2:53pm
Quoting nando_rich
I don't know if it would be more interesting a semiautomatic EA...introduciing manually the orders, SL's, TP's every night and throwing the EA and it will handle the trade management.

A mix between your EA and the "Visual order editor".

What do you thing about it?


Regards,
Nando.

  • #505
  • Aug 15, 2012 11:52pm Aug 15, 2012 11:52pm
U have the source code, and I have no problem if you wanna muck around and remove functionality to get a semi automatic EA.

But that's definitely not going to be the direction I'll be taking in the foreseeable future.
  • #506
  • Aug 16, 2012 6:46am Aug 16, 2012 6:46am
Quoting deathbait
U have the source code, and I have no problem if you wanna muck around and remove functionality to get a semi automatic EA.

But that's definitely not going to be the direction I'll be taking in the foreseeable future.
I'm not coder...it was just an idea....i prefer automatic EA of course, but if it's so complicate maybe you can study anothers options.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #507
  • Aug 16, 2012 6:51am Aug 16, 2012 6:51am
deathbait, is there anyway you can add an external stop-loss function for this EA?
  • #508
  • Aug 17, 2012 5:37am Aug 17, 2012 5:37am
Quoting Schminner
deathbait, is there anyway you can add an external stop-loss function for this EA?
no idea what that is. can u elaborate?
  • #509
  • Aug 20, 2012 3:56am Aug 20, 2012 3:56am
Quoting Schminner
Seems like the market has found a way to beat this EA this year.
It's getting better these days. Drawdowns are expected. You should see the big picture.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #510
  • Aug 20, 2012 6:04am Aug 20, 2012 6:04am
deathbait -- thanks for the effort.

From your experience, is the EA backtesting, in general, reliable and represetiative in MT4? if yes, how is our EA doing in that sense?
  • #511
  • Aug 20, 2012 8:20am Aug 20, 2012 8:20am
I'm running it live on a small account.

Been somewhat even so far.
  • #512
  • Aug 22, 2012 5:11pm Aug 22, 2012 5:11pm
Quoting deathbait
I'm running it live on a small account.

Been somewhat even so far.
Hi deathbait...i'm running it live on small account too.

I'm having problem with the "Second Entry"...it just placed 1 order once 2 orders.

Could you help me?


BTW: the monday is a problem for me yet.



Thanks in advance for all your work with the EA.


Best Regards,
Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: 22-08_bo.gif Size: 44 KB
"Being picky only cost your time - not MONEY"...Hans
  • #513
  • Aug 23, 2012 8:57am Aug 23, 2012 8:57am
Quoting nando_rich
Hi deathbait...i'm running it live on small account too.

I'm having problem with the "Second Entry"...it just placed 1 order once 2 orders.

Could you help me?


BTW: the monday is a problem for me yet.



Thanks in advance for all your work with the EA.


Best Regards,
Nando.
Nando, please clarify what is the bug you annoyed from? didn't get what you said about "placed 1 order once 2 orders"?
  • #514
  • Aug 27, 2012 10:46pm Aug 27, 2012 10:46pm
Hey guys, sorry for being MIA for so long. Been busy.

Anyways, just popping in to let you guys know that I'm aware of some bugs, and I'm trying to fix them without having to rewrite the whole thing.

BTW, if you're complaining about problems, and you're using Oanda, your complaint is legit. Oanda is just throwing me errors every day. Been trying to get it to work properly for a week. Problem stems from Oanda implementing limit orders slightly differently.
  • #515
  • Aug 28, 2012 1:25am Aug 28, 2012 1:25am
Running it on a small live account (alpari uk) with fixed lotsizes of 0.01.
Last week was the first week i traded it and it was in profit.
I will report after a while with results, so you all get a more realistic view of the ea/strategy.
  • #516
  • Aug 28, 2012 3:34am Aug 28, 2012 3:34am
Quoting deathbait
Hey guys, sorry for being MIA for so long. Been busy.

Anyways, just popping in to let you guys know that I'm aware of some bugs, and I'm trying to fix them without having to rewrite the whole thing.

BTW, if you're complaining about problems, and you're using Oanda, your complaint is legit. Oanda is just throwing me errors every day. Been trying to get it to work properly for a week. Problem stems from Oanda implementing limit orders slightly differently.
Same here ...
Trading methods are designed to put the odds in our favor, not predicting.
  • #517
  • Aug 28, 2012 3:35am Aug 28, 2012 3:35am
Quoting JulesvH
Running it on a small live account (alpari uk) with fixed lotsizes of 0.01.
Last week was the first week i traded it and it was in profit.
I will report after a while with results, so you all get a more realistic view of the ea/strategy.
Wrong ... Your risk should be fixed (I recommend 1%) not your volume. It's very important.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #518
  • Aug 28, 2012 4:38am Aug 28, 2012 4:38am
Quoting Basber
Wrong ... Your risk should be fixed (I recommend 1%) not your volume. It's very important.

Regards,
Basber
Ok, running version 0.30, I have set "use autolotsize" false.
I want it to trade the smallest lotsize for now. (On demo account I have set it to true.) Just want too gain more trust in the ea before I set it to true. But i might change it since you recommand that after a few more days.

Riskmultiplier stay at 1. More than enough.

One question, do you recommend setting Use Daily ATR for maxrange @ true or false?

Thanks for the EA and OP for the strategy!
  • #519
  • Aug 28, 2012 4:59am Aug 28, 2012 4:59am
Quoting JulesvH
Ok, running version 0.30, I have set "use autolotsize" false.
I want it to trade the smallest lotsize for now. (On demo account I have set it to true.) Just want too gain more trust in the ea before I set it to true. But i might change it since you recommand that after a few more days.

Riskmultiplier stay at 1. More than enough.

One question, do you recommend setting Use Daily ATR for maxrange @ true or false?

Thanks for the EA and OP for the strategy!
using ATR does better on a backtest for this year, but over the last 3 years, it does worse than the fixed 170pips
  • #520
  • Aug 28, 2012 6:12am Aug 28, 2012 6:12am
Quoting JulesvH
Ok, running version 0.30, I have set "use autolotsize" false.
I want it to trade the smallest lotsize for now. (On demo account I have set it to true.) Just want too gain more trust in the ea before I set it to true. But i might change it since you recommand that after a few more days.

Riskmultiplier stay at 1. More than enough.

One question, do you recommend setting Use Daily ATR for maxrange @ true or false?

Thanks for the EA and OP for the strategy!
Gain trust on demo account, or lower your risk, not your volume. This strategy designed to take advantage of the market when TP2 mostly covers SL. when the risk is not constant, result may vary a lot. usually it will ruin the profitablity of the method.

You can set ATR X 1.5 for max range. I dunno the formula DB used. I prefer to set the orders manually. What you see is the basic form of the method, because I change TP2 20% of the times . (Not SL). Sometimes when ranges are so tight (like today) I set one TP @ TP2. I don't bring SL to BE at TP1. In other words I don't do anything when TP1 reached. simple trade with one tp and one sl. but I don't recommend changing the levels if you have lower than 3 years of experience in this business.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
0 traders viewing now