Jerry's new session break-out strategy

please would you mind post the time of your entries focus on equivalence on GMT...i think i miss something cos on ej i have a loss then reverse to winner.

it is not 13.30 GMT?. i little messed up

HI EVERYONE

I have decided to make the strategy "public" - Because I don't have time to answer all hundreds of PM's!!

"Jerry's new session break-out strategy"

These are the set-up parameters. It's very simple. I work on the 15 min chart. EURUSD, GBPUSD, EURJPY are the best pairs. Wait until the 7.30am candle closes. Set 2 trades, 1 buy, 1 sell, 15 pips above and below the closing price. So at exactly 7.45 am set to trades, one buy and one sell trade 15 pips either side of the closing price. The same when the 1.30pm candle closes, but in the afternoon set the trade only 10 pips above and below - NEW RULE!!

If price action has been threatening a level for a couple of hours and doesn't reach - best to delete the pending. In fact when it got to 10.00am and nothing triggered I delete the morning pendings and wait for the afternoon to reset. It's supposed to be a breakout strategy so if there is no breakout within a couple of hours best to wait for another opportunity because price action is obviously direction-less and uncertain.

You can use a 15 pip SL IF YOU WANT. However, you can leave the trade a open if you have a nice momentum showing on your chart. I use EMA's and CCI/MACD to judge trend strength and this can help if you want to try for higher reward. Otherwise just stick to the 10 pip rule!

You really want to trade with a broker that has a very low spread for this kind of strategy. Otherwise you need to allow for the spread in your SL. A couple of times in the last week or so, price action came within half a pip of my pending trade before shooting back in the opposite direction. Very occasionally we might allow an extra pip or so when setting our pending trade. I did explain that with chart on the thread.

Keep watching the thread for new ideas and helpful info.

Kind Rgds

Jerry

IT'S THE CLOSE OF THE 1.30pm CANDLE


Today was too fast!!

ej +116.144/-116.344.... 13:47 gmt

gu +1.60689/-1.60889....13:53 gmt

ok so you are counting even frankfurt on mornings and then ny...many thanks...so 7.30 and 13.30 GMT...perfect!!

One more thing, when some its triggered..you keep the opposite..or move it to 0 line..

edited: thanks jdva..i was writing XD

well some little diference i think for brokering? mu gu closing price at 13.30 its 1.60531...why do this happen?

edited: ok..you post coupole of minutes later...wow!! was really huge movements..the us claims was big

Many thanks

Jerry, thanx for going public

you can see I'm using a SL of 11 pips (because of spread)...SL15 as Jerry recommend above would be more safe, but in this case TP should be bigger as well... for better R/R....IMHO

what we need is a trade management EA for settting up orders faster, today EU trade missed because of it...

HT jdva

Hi jdva

Yes - as I tried help people in a previous post - one wants to try to put the SL the other side of the rising/falling DASR or other side of a BRN , etc

Hi everyone

I mentioned this site - but really it's incredibly useful:


www.youtube.com/user/fxbootcamp



Scroll down to : uploaded videos

Usually there is a market alert on one or two pairs by 9.00am

Did you try the attached "amazing ea"?

Hi everyone

Well I had no idea that this strategy would be so popular! Anyway I hope that people can see the potential.



I just wanted to say that if you still feel nervous, anxious, fearful (as well as the fact that you get 10 pips but could have got 100 pips!) to trade it live, please rather consider this :

http://www.forexfactory.com/showthre...26#post6354326


I have now got the "robot" working quite well. Nice thing is that it's fully automated. Only thing is that you need to set it up on a nice strong trending day (like today) - doesn't matter if the trend is up or down - it's not rocket science but the great thing is that the EA decides when, where to open the trade, manages it - delivers a nice profit - have a look at the trade explorer - 149 pips today!!

Hi everyone

No posts yesterday??


4 wins and 2 losses yesterday

EURJPY - 2 WINS
GBPUSD - 2 WINS
EURUSD - 2 LOSSES

GU and EJ could have delivered a lot more pips GU afternoon for instance - 61 37 doown to 60 97

EJ afternoon at least 40 pips

[quote=jmtini;6359918]GU and EJ could have delivered a lot more pips GU afternoon for instance -


nice thread you have jmtini, your method is well known and also known by different names. Keep it simple and you will make many pips with your method and lets hope the doubters keep out. take care

Hi the ea doesn"t work for me.
I can't attach it on my chart.

Can you help me please ?
Thanks

When I compiled the ea, it told me that.

Hello Jmtini - Happy New Year to you and your family!!!

I agree with your statements that some posters on the FF site get rude and nasty, amazing how people's personalities, etc... come out, even in blog postings.... "If you don't have something nice to say..."

I am also new to the FF forum and have been trading live for approximately two years now, and your conclusion of the Opening Session Breakout has been my bread and butter trading style for some time... I live in Denver, so Eu session times are sadly 1 am here, but the NY session is at 6:30 am, and I have been seeing this movement for quite a while.

Would you please send me your parameters, since they are PA specific, as I have been watching Pressure charts and could use some vision into the SR levels???

Second, I have been using MB Trading for my Broker and they have been great, yet having another good source and account is always wise. Why do you use and recommend IC Market??? Would yo say they have a tighter spread?

Thanks again for being so straight forward with your communication and I shall complete reading your entire post for more great trading points!!!

I hope you are OK with me sending you an email to your gmail account -

Cheers - Lugnut

Hi Jerry and all!!!!!!
Good work Jerry.
I will be following this thread as much as I can. I have been trading similar to this with great success over the last 4-6 months.
Hope it works for you too.
Cheers
Coastie

hi jerry i am new to this thread but i saw that your strategy is quite interesting and simply which is definitely a KISS system.

Could i also have the exact description of your strategy? My email is: [email protected]

Thank you very much and many green pips!