4H Box Breakout

hey steve recovery was superb....hope you did on live

HI and thanks for the post... great movement on the method,

does anyone have results as my system crashed and I lost all my data...!!

We were massively up though, all on DEMO account, of course,

I can estimate from the charts but would like to have some one else to verify and to be accurate,

thanks, Steve

been experiencing funny stuffs on my trading platform sorry

i discovered something nice on jpy pairs too man...will pm u...with tp of bout 120pips daily n sl of 50pips


message to steve

The expert advisor works great when it is tested on strategy tester that control only bar opening.

Can anyone help and modify this EA so that it controls only bar opening.

Thanks

Hi Guys,

Brilliant week on this system, my figures show,,,,

GB/JPY BUY LOST 75
SELL PROFIT 459

EUR/JPY BUY NO TRADE
SELL PROFIT 613

US/JPY BUY NO TRADE
SELL PROFIT 350

Risk was all the stops added together....502

PROFIT 1422 PIPS...!!!!

I shall post the Highs and lows on monday Japanese time (approx 2 am uk time, I wouldn't lose sleep if I were you, look at it in the morning,

Demo trade only please guys, real cash only what you can afford to lose if all the stops get hit,

look after your cash, Steve

Hi All,

Here are the Highs and lows from this mornings trades on JPY breakout...

REMEMBER THIS IS HIGHLY SPECULATIVE AND A BIT OF FUN, LOOK AFTER YOUR CASH...DEMO.DEMO,DEMO...risk only what you would like to lose.!!


EUR/JPY BUY 122.17 S/L 56
EUR/JPY SELL 121.21 S/L 56

US/JPY BUY 93.91 S/L 37
US/JPY SELL 93.14 S/L 37

GB/JPY BUY 141.06 S/L 59
GB/JPY SELL 140.07 S/L 59

Stops add up to 304,,,,this is amount that we are risking..take care Guys...!!

feel free to post..Cheers, Steve

Thanks Steve. Last week was a great week for this strat. Let's see how this week goes

i like this Strategy and i want to know the summery of it and all indicators what i will use can anyone help me

Hello guys! Interesting strategy ....... there is an expert that opens 3 positions with target and stop loss?

Thank you.

Anyone tried a similar strategy - straddling the previous daily candle?

HI guys and thanks to the 3 postings asking about this system. I am happy to point you in another direction............

This is a simple "see what the JPY is at on Mon Jap time, take a punt on it being volatile through the week"

Highly speculative............O.K for a bit of fun while you practice looking at charts and learn how to set stop/loss,create entry orders etc.

ON A SERIOUS NOTE

There are threads that show good, profitable methods of trading, anyone who wants to take trading seriously needs to LEARN,LEARN,LEARN

there are people around who are extremely talented, to which we are grateful,

These guys give their time and knowledge on sites like this, forums are a great way to read other traders learning curves

Thanks to you if you have offered advice to anyone, including me, look at the above recent posts to see other forums to actually LEARN to trade,

Please refer to page 1 of this thread for directions on setting up this trade,

I shall report back on Saturday after the sessions close, cheers, Guys (look after your cash...)

Hello Sir, The strategy is ----look at the first 4 hours of a Jpy pair on Monday morning Australian time, (9 am, 10am 11am 12midday)

note the high and add 20

note the low and subtract 20

Subtract the low from the high to use as a Trailing Dynamic Stop loss..ie if high was 1.5480 and low was 1.5420..the stop/loss would be 60.

Create an entry order BUY for the high with the 20 added (demo account)

Create an entry order SELL for the high with 20 subtracted ( demo account)

ENSURE YOU INCLUDE YOUR DYNAMIC TRAILING STOP/LOSS

You can do it with more than one JPY pair

I will post the highs and lows at 1pm Oz time ( as I live in OZ )

Any questions, please post them on here for all to see and help.....DEMO accounts only please...!!!

Cheers Steve

Hello again all,

Here are the figures for the past week starting 4 march to Fri 8 march 2013

EUR/JPY BUY PROFIT 325
SELL LOSS 49

US/JPY BUY PROFIT 229
SELL LOSS 15

GB/JPY BUY LOSS 22
SELL NO TRADE

TOTAL PROFIT-----------------+++++468 *** BRILLIANT...!!!

The stop/losses added up to 304...so be careful...catch you on Monday...1 pm Australian time

Please feel free to ask questions on this thread...thanks

Glad to see it did not go to the scraps. This system still work if you work it. To use this system you have to use money management.

Hi Smurf. thanks for the post..

I seem to remember that the original poster.ACE...stated to close your trades after the US sesson closes on Friday and start afresh on monday....Cheers,

Manual Backtest Result: (Demo)
Pair: E/J
Initial Deposit: USD 60
Lots: 0.01 x 3 (3 orders for 3 TP levels)
Jan, 13: +1980 pips
Feb, 13: +2020 pips
Grand Total: 4000 pips (approx.)
Net Profit: USD 400
Gain %: 666.67
Equity: USD 460
Will go live from next month and keep posting update once each month
Happy Trading...

Bit confused as to how you lost only 15 pips on the US/JPY sell trade when the stop loss was 37? also GB/JPY with a loss of 22 and stop loss of 59.

hi guys, i like this strategy too and hope we can update this thread with further results

greets

I am following this thread lately. Steve's results are great looking and have really relived this thread once more. We gotta accept there is some thing in this strategy which produces such great results with consistency. Now I m going to start reading the whole thread. I m posting to thank Ace who started this very productive thread. It might look illogical sort of thing but results say something else. Thank you very much steve d for being so kind sharing your results with all of us. I urge you to keep us posted and updated. Thanks again.