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4H Box Breakout

  • #5,321
  • Apr 15, 2013 10:53am Apr 15, 2013 10:53am
1.
I did have a buffer but it was around 6-9 pips.
2.
The starting balance is on the chart.



Quoting driven18
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...
  • #5,322
  • Apr 15, 2013 10:54am Apr 15, 2013 10:54am
Yes, I am trading it live.

Quoting Jasper Ng
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.
  • #5,323
  • Apr 15, 2013 10:58am Apr 15, 2013 10:58am
I might post a video of my testing here tomorrow, if its possible
  • #5,324
  • Apr 15, 2013 11:06am Apr 15, 2013 11:06am
DapperDan, my question about a lots per balance...is it 1 full lot per $10,000?
  • #5,325
  • Apr 15, 2013 11:21am Apr 15, 2013 11:21am
No, just 1 Lot... $11 per pip for the jpy pair

Quoting driven18
DapperDan, my question about a lots per balance...is it 1 full lot per $10,000?
  • #5,326
  • Apr 15, 2013 11:28am Apr 15, 2013 11:28am
On the chart you started with $29,000. so you trade 1 lot per $29,000 all 2 years and never compounded?
  • #5,327
  • Apr 15, 2013 5:20pm Apr 15, 2013 5:20pm
aud / jpy is providing good profits this week and in past also.
  • #5,328
  • Apr 15, 2013 6:40pm Apr 15, 2013 6:40pm
Yes that's right.... I think over lev a tad but the point was the system worked very well.
I think the profit would have been more if increase percentage as the account grew..

Quoting driven18
On the chart you started with $29,000. so you trade 1 lot per $29,000 all 2 years and never compounded?
  • #5,329
  • Apr 16, 2013 12:09am Apr 16, 2013 12:09am
gbpjpy closed at tp1 for profit. I whish i had trailed it but thats trading.
All the jpy pairs seem the same to me on h4 chart. sooooo
Until next week I guess.
  • #5,330
  • Apr 16, 2013 12:30am Apr 16, 2013 12:30am
Yeah same here, made a good profit on the eurjpy, closed on target 2

Quoting tommbstone
gbpjpy closed at tp1 for profit. I whish i had trailed it but thats trading. All the jpy pairs seem the same to me on h4 chart. sooooo Until next week I guess.
  • #5,331
  • Apr 16, 2013 11:53am Apr 16, 2013 11:53am
Have anyone looked at more pairs then the main JPY pairs?

E, G, U, NZD, etc...
  • #5,332
  • Apr 16, 2013 9:23pm Apr 16, 2013 9:23pm
Aud/Jpy is better.
  • #5,333
  • Apr 16, 2013 11:07pm Apr 16, 2013 11:07pm
Quoting lumiche
Aud/Jpy is better.
I shall look at AUD?JPY next week to see if it still performs well.
  • #5,334
  • Apr 16, 2013 11:41pm Apr 16, 2013 11:41pm
I will be doing 2 year tests on all jpy pairs, stay tuned traders

ALWAYS remember though, that PAST performance does not always equal FUTURE results!!!
WE just look to balance the edge in our favor!
  • #5,335
  • Apr 16, 2013 11:46pm Apr 16, 2013 11:46pm
Excellent profit on aud yen again this week. up tp tp3! amazing.

Dapper , do you care about fundamental ? especially yen pair i mean as BOJ is doing aggressive easing . and there will be discussion on weakening yen in G20 this Thursday too .hehe

Like this simple system ..
  • #5,336
  • Apr 16, 2013 11:55pm Apr 16, 2013 11:55pm
When testing no, but when trading live, yes. You just have to read the market along the way to see what the majority is thinking


Quoting Jasper Ng
Excellent profit on aud yen again this week. up tp tp3! amazing. Dapper , do you care about fundamental ? especially yen pair i mean as BOJ is doing aggressive easing . and there will be discussion on weakening yen in G20 this Thursday too .hehe Like this simple system ..
  • #5,337
  • Apr 17, 2013 1:33am Apr 17, 2013 1:33am
Quoting lumiche
Aud/Jpy is better.
so far I agree


This system also shows some promise on D1 chart. using the first candle of the month same rules just bigger tp and of course stop loss. But aud/jpy seems to trend pretty well, not so much in feb this year but some good moves in 2012 just something else to look at with very small lot size.
  • #5,338
  • Apr 18, 2013 4:19am Apr 18, 2013 4:19am
Hello everybody,

I'm new here but reading this thread since a few days and find it really interesting.
I didn't not read all the posts so maybe what I'll suggest has already been discussed ... sorry it that's the case.

Since this method has limited loss due to the stop and since won trades happen really often, do you think it's possible to mix it with a martingale. For example, in a week, if the first short trade reaches the stoploss : opening the long one with volume*2. Same idea for further trades until we reach the winning one. We should know the max lost trades in a row to know if it is realistic ...
  • #5,339
  • Apr 18, 2013 3:30pm Apr 18, 2013 3:30pm
Hello and welcome, please do not even give Martingale a chance,

sure it will work if you backtest,<< using it in real time will never,ever work well on a long term, simply try it on a roulette wheel,

hope this helps
  • #5,340
  • Apr 19, 2013 8:02am Apr 19, 2013 8:02am
Let me give you some OLD TIMER advice, stay right away from Martingale... you blow your account quicker than you can spell FOREX.
You will NEVER become a successful trader if you use these types of strategies.
Using good MM on this as I have already tested if you read back a few posts you will see you can make very good money and protect you investment at the same time.

Money Management, other successful traders will back me up here when I say that it is the MOST IMPORTANT thing to learn.
STEP2, is Psychological!!


Quoting Gymerus
Hello everybody, I'm new here but reading this thread since a few days and find it really interesting. I didn't not read all the posts so maybe what I'll suggest has already been discussed ... sorry it that's the case. Since this method has limited loss due to the stop and since won trades happen really often, do you think it's possible to mix it with a martingale. For example, in a week, if the first short trade reaches the stoploss : opening the long one with volume*2. Same idea for further trades until we reach the winning one. We should know...
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