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Jerry's new session break-out strategy

  • #101
  • Jan 13, 2013 10:42pm Jan 13, 2013 10:42pm
Quoting Goodgame42
When I compiled the ea, it told me that.

Hi

I'm looking into it - will let you know!


Try re - downloading a fresh copy from here:

http://www.forexfactory.com/showthre...hlight=amazing
  • #102
  • Jan 13, 2013 10:43pm Jan 13, 2013 10:43pm
Quoting Lugnut
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...
No problem at all

Happy trading!

Rgds
  • #103
  • Jan 13, 2013 11:33pm Jan 13, 2013 11:33pm
What settings does one use with the EA?
  • #104
  • Jan 17, 2013 12:39am Jan 17, 2013 12:39am
hi all,..how it is performing?..is still in a benefit path?

hope so..im trying different entries so lets see.

regards
  • #105
  • Jan 17, 2013 5:18am Jan 17, 2013 5:18am
Quoting aweforex
hi all,..how it is performing?..is still in a benefit path?

hope so..im trying different entries so lets see.

regards

Hi aweforex

It's working well most days - today was a great day!!
  • #106
  • Jan 17, 2013 5:26am Jan 17, 2013 5:26am
REFINING OUR DAILY STRATEGY


Hi everyone - so sorry that I've been a bit scarce. Been tied up with some other unrelated problems!


Guys, our "new session break-out strategy" is good but I think you will agree that it could be a whole lot better. That's what I'm working on right now. A better approach and a whole lot more pips in a very short period of time!

The easiest "pip wins" (and you can go back years on your charts) are between 7.00am - 10.00am (GMT) in the morning in my opinion and over the weekend I am going to show everyone a trading system/strategy which could give us a steady 30/40 pips a day working 1 -3 hours a day.

TAKE THE REST OF THE DAY OFF ONCE YOU'VE MADE YOUR TARGET OTHERWISE YOU'LL MORE THEN LIKELY LOSE IT ALL LATER - ESPECIALLY IN THE NY SESSION.
  • #107
  • Jan 17, 2013 6:20am Jan 17, 2013 6:20am
hi jerry,

i have been testing your break out strategy since last monday, and it has been working well, but i just forward testing on EUR/USD and EUR/JPY only.

Do you also do that on other pairs that working fine so far?

Looking forward to your new strategy too!
  • #108
  • Jan 17, 2013 7:49am Jan 17, 2013 7:49am
another question i want to ask is that what is the consecutive losses you ever had so far for this trading strategy?

Thanks and many green pips!
  • #109
  • Jan 17, 2013 8:25am Jan 17, 2013 8:25am
Hi Jerry !

New to the thread. Just tested on demo today on Ny session.

EU: loss -10
GU: win +10
EU: win +10

Will continue forward testing...!
  • #110
  • Jan 17, 2013 9:13am Jan 17, 2013 9:13am
Quoting Fbird
Hi Jerry !

New to the thread. Just tested on demo today on Ny session.

EU: loss -10
GU: win +10
EU: win +10

Will continue forward testing...!

Hi Fbird

How do you come to a loss on EU? At 133015 to 133115 it was a win - could have held on because it was a breakout for 60 pips

EJ was a win too!
  • #111
  • Jan 17, 2013 9:21am Jan 17, 2013 9:21am
Quoting sunhoyu
another question i want to ask is that what is the consecutive losses you ever had so far for this trading strategy?

Thanks and many green pips!

Hi sunhoyu

Only tested properly on EU

You are welcome to do your own backtesting.

Trade it on demo for a week or two until you feel confident enough to trade it live.

As I said, I am busy revising our morning strategy - I am going to post a whole new VERY EXCITING strategy over the weekend - it's a minimum 40 pips a day strategy

Rgds

Jerry
  • #112
  • Jan 17, 2013 9:38am Jan 17, 2013 9:38am
Quoting jmtini
Hi Fbird

How do you come to a loss on EU? At 133015 to 133115 it was a win - could have held on because it was a breakout for 60 pips

EJ was a win too!
Sorry. I had 2 wins (GU and EY) and one loss (EU). My 13:30 gmt EU candle closed at 1.33527. Is there something i'm missing ? As entry by the rule was just on MR3 pivot, I entered slightly below at 1.3341. Price goes down to 1.33328, 2 pips to target and then bounced up.
  • #113
  • Jan 17, 2013 5:57pm Jan 17, 2013 5:57pm
Quoting jmtini
Hi sunhoyu

Only tested properly on EU

You are welcome to do your own backtesting.

Trade it on demo for a week or two until you feel confident enough to trade it live.

As I said, I am busy revising our morning strategy - I am going to post a whole new VERY EXCITING strategy over the weekend - it's a minimum 40 pips a day strategy

Rgds

Jerry
Thanks jerry!

I know you must be busy with the new strategy, but could you tell me what is the monthly average pips you have with the original strategy?
  • #114
  • Jan 18, 2013 1:25am Jan 18, 2013 1:25am
Hi Jerry,

I'v been testing your system for more than a week now (only EURUSD and GBPUSD) with very good results. I'm trying to play with the SL and trade management because often the trend lasts a while and I want to ride it longer. I'm curious about your refined system and will post my experiences, too.

Regards,creatifx
  • #115
  • Jan 18, 2013 2:17am Jan 18, 2013 2:17am
Hi Jerry !

Good morning session today: 3 wins....
  • #116
  • Jan 18, 2013 4:05am Jan 18, 2013 4:05am
Looking forward to your new adjustments Jerry


T
  • #117
  • Jan 18, 2013 7:10am Jan 18, 2013 7:10am
Breakeven afternoon for me:

Two losses on EU. Two wins on EJ and GU. Total for the day: 30 pips won this morning. Note that I missed the NY buy trade on EJ that would have resulted in a loss.
  • #118
  • Jan 20, 2013 8:58am Jan 20, 2013 8:58am
Hi Jmtini

I've been following yoir thread from last week, In one of your last posts you mention that you will be explaining your new method, Will u be doing that today as I like the idea of trading a few hrs a day. I look forward to seeing your updated version today.

Thanks
  • #119
  • Jan 20, 2013 9:06am Jan 20, 2013 9:06am
Quoting Fbird
Sorry. I had 2 wins (GU and EY) and one loss (EU). My 13:30 gmt EU candle closed at 1.33527. Is there something i'm missing ? As entry by the rule was just on MR3 pivot, I entered slightly below at 1.3341. Price goes down to 1.33328, 2 pips to target and then bounced up.


Hi Fbird

To be honest, results from the afternoon (NY) session are not as good. Probably 50/50. I would actually suggest just concentrating on the morning break-out.

Sorry to anyone who has lost money on the afternoon breakout - however I would say that by reading the chart properly, one can make money on the 1.30 close but only going with any apparent move up or down (don't bet against)
  • #120
  • Jan 20, 2013 9:41am Jan 20, 2013 9:41am
Hi everyone

I wanted to post a new chart and I'll quite happily post the template for those who are interested.

The thing that we want to try and do is assess the situation with any particular trading pair quickly and make a winning trading decision accordingly. One thing that's always a problem with candle charts is one tends to look at the whole candle including it's "wick" when one really wants to know where a candle closes.

If you look at the chart below, it nicely shows the price movement. By adding our Asian high/lows - BRN horizontals - Pivot levels - Dynamic EMA's - we have levels off which to bounce some lucrative trades!

So Guys, that's the idea. Instead of waiting to see if a pending trade is going to be successful 15 pips down, we are ALREADY in the trade from 15 pips up!!

The actual mechanics of this we can now explore in future posts.


PLEASE REMEMBER THAT THIS IS JUST AN ALTERNATIVE TO OUR "SESSION BREAKOUT" METHOD - YOU ARE WELCOME TO TRADE THIS OR THAT OR BOTH

Rgds and happy trading to all,

Jerry
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