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Profitable Grid Break-out Trading System(PGBTS)

  • #21
  • Oct 15, 2012 11:31pm Oct 15, 2012 11:31pm
any updates?
  • #22
  • Edited 3:07am Oct 16, 2012 2:57am | Edited 3:07am
Good-morning all,
Yesterday was a ranging market for EUR/USD.

15/10/2012 - EUR/USD : -1%

I think today will be better because the market is trending up.


Happy Trading.
  • #23
  • Oct 16, 2012 3:11am Oct 16, 2012 3:11am
Result-Eur/usd is -2+1+1% now.
  • #24
  • Oct 16, 2012 3:38am Oct 16, 2012 3:38am
Is there anyone trading this system?

Lets hear your contribution.
  • #25
  • Oct 16, 2012 7:39am Oct 16, 2012 7:39am
+2%
  • #26
  • Oct 16, 2012 11:44am Oct 16, 2012 11:44am
lets see bhow u do. thanks for sharing.
  • #27
  • Edited 1:38am Oct 17, 2012 1:27am | Edited 1:38am
Good-morning all,
This is the result of 16/10/2012:
1. during the day I used grid 20pips: -1% net
2. I change to grid 10pips last evening when I discovered the market was not moving much.I made: (7%-2%)=5% net.

Total of 4%profit.

Happy Trading.
  • #28
  • Oct 17, 2012 7:55am Oct 17, 2012 7:55am
Dare123,

Thanks for sharing your setup.

Last night I set up a 10 pip grid on EU as per your instructions. Price has currently moved upward about 25 pips. So, I have made +20 pips profit thus far with 1 remaining currently active trade. I had to start my initial Sell order grid 30 pips away from the point where the first round number Buy order was hit. This is because my broker, Oanda, will not allow both a Buy trade and Sell trade to coexist... Otherwise, if the initial Buy trade hits its SL, it will simultaneously also cancel out the initial Sell order. With the SL at 20 pips, this forces the 1st Sell order to be at 30 pips below the first Buy trade entry.

Now that price as moved upward, should I now backfill Sell orders to be always in range of 30 pips away from the current active trade entry? Or do you simply leave the pending orders alone once the initial grid is set?

Do you restart a new grid at the same time each day? If so, what time do you use?

Great trading everyone!
  • #29
  • Oct 17, 2012 8:02am Oct 17, 2012 8:02am
Why not open a sub-account with Oanda? I have one for longs and one for shorts.

Quoting Bobcat2
Dare123,

Thanks for sharing your setup.

Last night I set up a 10 pip grid on EU as per your instructions. Price has currently moved upward about 25 pips. So, I have made +20 pips profit thus far with 1 remaining currently active trade. I had to start my initial Sell order grid 30 pips away from the point where the first round number Buy order was hit. This is because my broker, Oanda, will not allow both a Buy trade and Sell trade to coexist... Otherwise, if the initial Buy trade hits its SL, it will simultaneously also cancel...
  • #30
  • Oct 17, 2012 11:17am Oct 17, 2012 11:17am
Thanks...you're a dream!
  • #31
  • Oct 17, 2012 11:59am Oct 17, 2012 11:59am
Do your profits come when the market is ranging or trending?

Is this a correct example?

Current market price: 1.3000
Grid: 20 pips

Grid above market price:

1.3220 - buy and sell order with 20TP & 40SL
1.3240 - buy and sell order with 20TP & 40SL
1.3260 - buy and sell order with 20TP & 40SL

Grid below market price:

1.3180 - sell and buy order with 20TP & 40SL
1.3160 - sell and buy order with 20TP & 40SL
1.3140 - sell and buy order with 20TP & 40SL

Do you replace the orders if they have been filled for the day?
  • #32
  • Oct 17, 2012 12:10pm Oct 17, 2012 12:10pm
shd be:

Buy Stop @1.3060 ; SL - 40pips, TP - 20pips
Buy Stop @1.3040 ; SL - 40pips, TP - 20pips
Buy Stop @1.3020 ; SL - 40pips, TP - 20pips

Current market price: 1.3000 (grid 20pips)

Sell Stop @1.2980 ; SL - 40pips, TP - 20pips
Sell Stop @1.2960 ; SL - 40pips, TP - 20pips
Sell Stop @1.2940 ; SL - 40pips, TP - 20pips
  • #33
  • Oct 17, 2012 3:36pm Oct 17, 2012 3:36pm
What if you set those pending order before the London or New York session to increase it's profitability ?
  • #34
  • Oct 18, 2012 2:47am Oct 18, 2012 2:47am
Quoting Fx_Pipin
What if you set those pending order before the London or New York session to increase it's profitability ?
You are right sir.
  • #35
  • Oct 18, 2012 2:49am Oct 18, 2012 2:49am
Good-morning all,
Yesterday was not trending like day before so I made a net loss.
Result for 17/10/2012: -1%


Happy Trading.
  • #36
  • Oct 19, 2012 1:47am Oct 19, 2012 1:47am
Good-morning all,
we had short movement yesterday.
Result for 18/10/2012: 0%


Happy Trading.
  • #37
  • Oct 19, 2012 4:38am Oct 19, 2012 4:38am
Quoting dare123
Good-morning all,
we had short movement yesterday.
Result for 18/10/2012: 0%

Happy Trading.
Could you make screnshot of your trading yesterday and day before yesterday?

Happy trading and weekend also!
  • #38
  • Oct 22, 2012 1:45am Oct 22, 2012 1:45am
Result for friday was bad.
I had a loss of 5%.

A total of -3% for the week.
  • #39
  • Oct 22, 2012 1:47am Oct 22, 2012 1:47am
Good-morning all,
More contributions are needed on the improvement of the strategy.


Thanks
Happy Trading.
  • #40
  • Oct 22, 2012 2:17am Oct 22, 2012 2:17am
Hi Dare123, I'm afraid I don't have a positive contribution to try and salvage a doomed system. Why did you think risking 2(plus spread) to gain 1(less spread was a good idea to start with? If the market could be beat with a simple bracket system somebody else would have already done it a long time ago. Sorry - Lou
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