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4H Box Breakout

  • #5,301
  • Apr 14, 2013 8:31pm Apr 14, 2013 8:31pm
Quoting birdogent
After seeing how Steve d has done and what DapperDan has posted I am going to start trading this tonight. I am wondering about just one thing and that is the pip buffer of 20 pips that you are using. Don't you think it would be better to use a smaller pip buffer on U/J since it is not as volatile as E/J and G/J? I checked the ATR(20) on the 4H chart for each pair and found it to be: G/J .73 E/J .66 and U/J .43 So I was thinking of using a 20 pip buffer for G/J, an 18 for E/J and a 12 pip buffer for U/J. I hope you guys are not upset with me for...
Thanks for your post, feel free to do what you want, of course, I shall not be upset, it makes sense to have a buffer, I think the figure 20 was merely pulled out of the air, good work on your research.

be careful with your cash,,,

I am not endorsing this method, I am not trying to prove anything, this is a bit of speculation and an attempt to catch some pips and interact with other traders/colleagues/friends etc....best of luck
  • #5,302
  • Apr 14, 2013 8:40pm Apr 14, 2013 8:40pm
Hello everyone, and we go another week.

Last week did not yield much, but also not lose.

I saw the backtest and really start to get excited about the latest results. Even the oldest was mostly good, and now with the rules and question whether this is really a method that does not have to pay more attention and have a real account. The method I used to years ago was based on S / R and was giving a return of 3% per month.

Have a good week everyone.
  • #5,303
  • Apr 14, 2013 8:42pm Apr 14, 2013 8:42pm
Hi Steve

james16 is a very good topic. Graphic crude and no indicator. Trade pure.
  • #5,304
  • Apr 14, 2013 9:03pm Apr 14, 2013 9:03pm
Well the same rules here I guess... What I do is after the trade runs in my direction and reaches the 1st TP, I move my stop to BE+5.
At every NEW TP level I move my stop to the next level, as you can see on the stats I was getting on avg a 2.59RR

My initial stop is at the BUY or SELL level depending on which you are trading, eg.... If I have a buystop, my stoploss is placed on the SELL level.

Quoting steve d
DAPPERDAN very good work Sir, well done ,....Please remember that this is a purely speculative method, it is based on a breakout of the JPY, if you want to learn how to trade please go to ""Trading made simple"....""James 16...Ichimoku""....or any other learning to trade places, thanks for all your positive input Guys,
  • #5,305
  • Apr 14, 2013 9:12pm Apr 14, 2013 9:12pm
From my testing you could lower the buffer size and still work fine, in the tester I did not worry too much about the size of the buffer as it takes way to long to measure each trade... and well the results you can see.

BUT for the newbies, you have to remember that without doing your own tests you will never be confident enough to trade ANY system long term.
When you hit a few losses in a row, you will start to have DOUBT creep into you trading.

With testing you know the system works and you keep trading it regardless of the losses. Its the ONLY way to move forward in your trading account.




Quoting birdogent
After seeing how Steve d has done and what DapperDan has posted I am going to start trading this tonight. I am wondering about just one thing and that is the pip buffer of 20 pips that you are using. Don't you think it would be better to use a smaller pip buffer on U/J since it is not as volatile as E/J and G/J? I checked the ATR(20) on the 4H chart for each pair and found it to be: G/J .73 E/J .66 and U/J .43 So I was thinking of using a 20 pip buffer for G/J, an 18 for E/J and a 12 pip buffer for U/J. I hope you guys are not upset with me for...
  • #5,306
  • Apr 14, 2013 9:15pm Apr 14, 2013 9:15pm
Not a problem Steve, I have been trading now for over 3 years.

Quoting steve d
DAPPERDAN very good work Sir, well done ,....Please remember that this is a purely speculative method, it is based on a breakout of the JPY, if you want to learn how to trade please go to ""Trading made simple"....""James 16...Ichimoku""....or any other learning to trade places, thanks for all your positive input Guys,
  • #5,307
  • Apr 14, 2013 9:18pm Apr 14, 2013 9:18pm
Sounds like Australia!!

Quoting steve d
Hello all, thanks for all your input, I live in a remote area where the time zone is different to most people on here, I use a trailing stop, I set it at the size of the box, I set the Buy/sell with the 20 pip buffer, i set and forget, ups and downs take care of themselves, I cannot adjust the s/loss or take profit, I set on a monday and CLOSE all again on friday night ( saturday morning) --the best part of this is the set and forget, I can recomend other threads, as previously mentioned, learn learn , learn... thanks,
  • #5,308
  • Apr 14, 2013 10:04pm Apr 14, 2013 10:04pm
excellent sharing!! DapperDan59! what lot size were you using all this while?

this is just the simplest swing trade strategy for me. I also do some day trading which takes time to master. Nevertheless it's always good to see there's a trade which is profitting
  • #5,309
  • Apr 14, 2013 10:07pm Apr 14, 2013 10:07pm
For the testing I used 1 LOT.

Quoting Jasper Ng
excellent sharing!! DapperDan59! what lot size were you using all this while? this is just the simplest swing trade strategy for me. I also do some day trading which takes time to master. Nevertheless it's always good to see there's a trade which is profitting
  • #5,310
  • Apr 14, 2013 10:27pm Apr 14, 2013 10:27pm
Quoting lumiche
Hi Steve james16 is a very good topic. Graphic crude and no indicator. Trade pure.
whats james16 thread?
  • #5,311
  • Apr 14, 2013 11:26pm Apr 14, 2013 11:26pm
It is here on FF in COMM content http://www.forexfactory.com/showthread.php?t=2331
  • #5,312
  • Apr 14, 2013 11:28pm Apr 14, 2013 11:28pm
Quoting DapperDan59
Sounds like Australia!!
It is Australia...New South Wales...hahahahaha
  • #5,313
  • Apr 14, 2013 11:53pm Apr 14, 2013 11:53pm
Quoting steve d
It is here on FF in COMM content http://www.forexfactory.com/showthread.php?t=2331
I have studied on here and I have downloaded e book www.ichimokuworld.net

these are good, thank you
  • #5,314
  • Apr 14, 2013 11:57pm Apr 14, 2013 11:57pm
New South Wales is a BIG place!!!


Quoting steve d
It is Australia...New South Wales...hahahahaha
  • #5,315
  • Apr 15, 2013 1:24am Apr 15, 2013 1:24am
i'm late to the party but this simple system seems fun. Will demo this week. so far up 3 pips in first 20 min LOL
  • #5,316
  • Apr 15, 2013 2:11am Apr 15, 2013 2:11am
[quote=DapperDan59;6603662]New South Wales is a BIG place!!![/

Coff's harbour to be precise,

On your profile you say mention " trading Engulfing patterns"

what do you mean by this??, thanks,
  • #5,317
  • Apr 15, 2013 3:13am Apr 15, 2013 3:13am
Ahhh.. Coffs, beautiful, was just up at Urunga for a 4 day break last week..
The engulfing pattern is an old strat I use to use, not anymore


[quote=sio bel;6603916]
Quoting DapperDan59
New South Wales is a BIG place!!![/ Coff's harbour to be precise, On your profile you say mention " trading Engulfing patterns" what do you mean by this??, thanks,
  • #5,318
  • Apr 15, 2013 3:22am Apr 15, 2013 3:22am
Hi there Ace, firstly THANK YOU for a great strat here... if you view a couple of my last entries here I have done a 2 year back test on the EURJPY pair. So I am currently testing the GBPJPY and then onto other pairs. I am looking to test something that can hedge against the jpy pairs.



Quoting Ace284
Anyone want to test another pair?
  • #5,319
  • Edited 3:40am Apr 15, 2013 3:25am | Edited 3:40am
Dapper,

Since you have tested for 2 years, are you confident enough to do it on real account now ?

You mentioned engulfing was your last strategy. is it not good ? engulfing seems widely used as part of priceaction trading alot.
  • #5,320
  • Apr 15, 2013 8:40am Apr 15, 2013 8:40am
DapperDan,

you have mentioned that during testing

1. you did not worry about the buffer ...does it mean you had no buffer?

2. you mentioned that you traded 1 lot. Is it per what balance of the account?

Thank you for your contributions...
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