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London close trading system for currencies

  • #41
  • Jul 11, 2016 6:41am Jul 11, 2016 6:41am
you said strategy has been trading 3 years but results u posted tell me its been trading for just above 4months????


and to the people that say i must test it for some weeks or days definitely dont know what trading is, many systems work for 1 week, 2 weeks or couple of months but overall the system is a loosing system.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #42
  • Jul 11, 2016 6:45am Jul 11, 2016 6:45am
Quoting ghostbiker
- EURUSD and EURCHF is most orders, but from the other EA / EU and EF come not often with LOndon close - it is NOT from the London close 23.6 trading, LO close have the other 50% Orders
++++++++++++++++++++++++++++++++

OK. So if I'm understanding you correctly, you are saying that most EurUsd & EurChf wins, are from other method you trade?
  • #43
  • Edited 7:28am Jul 11, 2016 7:15am | Edited 7:28am
- yes in this account I trade 2 different methods, the method with EU and EF had round 50% of total wins
DD in this moment 4.5% with EU and EF (EU and EF small move today)

@Soros: let you run one account 3 years with all wins ? I'm not grazy to do so this is not my way and this is good so
  • #44
  • Jul 11, 2016 7:19am Jul 11, 2016 7:19am
Quoting ghostbiker
- yes in this account I trade 2 different methods @Soros: let you run one account 3 years with all wins ? I'm not grazy to do so this is not my way and this is good so
Thanks for your effort ghostbiker!
  • #45
  • Jul 11, 2016 9:31am Jul 11, 2016 9:31am
I'm testing 4 pairs today. All yens. Not my favorite thing to load the boat with same family, but we will see how it plays out.
There is no significant news later, so will just hang on. My expectations are that the yens will experience some profit taking, however, I also expect yen weakness to prevail, overall. Just my opinion because I never know what Mr. Market will do.

GB, is there a time of day, in which you find it prudent to close trades? Or do you watch S/R levels to help with that? Or, none of the above?

I will post charts in a bit for comments, suggestions. Please be brutally honest with any comments. Thanks
  • #46
  • Jul 11, 2016 9:40am Jul 11, 2016 9:40am
Today's London close Orders: 7 Orders total here for example 5 pics that you better understand

trade: Pic 1 sell / Pic 2 sell / Pic 3 buy / Pic 4 sell / Pic 5 sell

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_LOC_GC.JPG Size: 144 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_LOC_GJ.JPG Size: 159 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_LOC_NU.JPG Size: 133 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_LOC_UC.JPG Size: 140 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_LOC_UJ.JPG Size: 141 KB


now GA in TP + 12 Pips net / GC in TP + 25 Pips net
  • #47
  • Jul 11, 2016 10:08am Jul 11, 2016 10:08am
Questions please:

1. NzdUsd? Not a pair on your list.
2. Perhaps my time is wrong, but I show GbpChf Opening right at 76% line, so no room to trade it.
• My current time shows 1708 gmt. One hour after the entry potential time.

Thanks
  • #48
  • Jul 11, 2016 10:26am Jul 11, 2016 10:26am
Quoting diamonddbw
Questions please: 1. NzdUsd? Not a pair on your list. 2. Perhaps my time is wrong, but I show GbpChf Opening right at 76% line, so no room to trade it. My current time shows 1708 gmt. One hour after the entry potential time. Thanks
Current time in UK is 18.23 BST so you are an hour out.

I'll also mention to Ghost that London closes at 17.00 officially (18.00 in Germany). 16.00 is interbank settlement/fix time and in fairness a good time to trade as can be volatile.
  • #49
  • Jul 11, 2016 10:34am Jul 11, 2016 10:34am
- 17:00 London close is 16:00 GMT - don't trade this system 1 hour later

- diamonddbw: I trade this London close System from one chart, I can change with one click to other charts
and here is NZDUSD includet (NZDUSD is not my first option)
  • #50
  • Jul 11, 2016 10:40am Jul 11, 2016 10:40am
Quoting ghostbiker
- 17:00 London close is 16:00 GMT - don't trade this system 1 hour later - diamonddbw: I trade this London close System from one chart, I can change with one click to other charts and here is NZDUSD includet (NZDUSD is not my first option)
Last post. London official close is 17.00 nothing wrong with the system just you got times wrong.
  • #51
  • Jul 11, 2016 10:40am Jul 11, 2016 10:40am
Quoting claudia1
{quote} Current time in UK is 18.23 BST so you are an hour out. I'll also mention to Ghost that London closes at 17.00 officially (18.00 in Germany). 16.00 is interbank settlement/fix time and in fairness a good time to trade as can be volatile.
UK time is currently GMT+1 so Diamond your time is right but not the chart. GC is GBPCAD not GBPCHF.

@ Ghostbiker. I didn't understand when you use limit orders. It's not clear also why you say to use 15M time frame, once you adjust the fibo settings it doesn't matter if you use 15M or 5M or 1M. Thanks for your answer.
  • #52
  • Jul 11, 2016 11:05am Jul 11, 2016 11:05am
@ L.m: please read Post # 1 it is not heavy, read the rules it is toal easy

- here in Post # 1 is written all about TF and MarketOrders and LimitOrders
  • #53
  • Jul 11, 2016 11:11am Jul 11, 2016 11:11am
Quoting L.m
{quote} UK time is currently GMT+1 so Diamond your time is right but not the chart. GC is GBPCAD not GBPCHF.....
++++++++++++++++++++++++++++++++

My bad. The colors of the charts make it very difficult to make out which pair is which.
  • #54
  • Jul 11, 2016 11:22am Jul 11, 2016 11:22am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ My bad. The colors of the charts make it very difficult to make out which pair is which.


@Ghostbyker I read the first post and not just once and since I didn't understand I asked you. Maybe it will get clearer as the thread goes on.
  • #55
  • Jul 11, 2016 11:36am Jul 11, 2016 11:36am
This is one of my Yen trades. I observed the same basic set up on ChfJpy (pictured here), EurJpy, UsdJpy & GbpJpy. One factor that influenced my taking all of those, is the fact that they are all way beyond their respective ADR.

Open for comments/suggestions.
Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy July 11.png Size: 63 KB
  • #56
  • Jul 11, 2016 11:55am Jul 11, 2016 11:55am
Quoting ghostbiker
@MasterGuru: - one EA ist a Dashboard u can't backtest it is with 14 - 16 pairs - the second EA I trade with 15 Pairs since 3 years forward, I need not a backtest for what ? - trade this system first manually is total easy and you see that is very good in wins and you need not a backtest - we have not DD periods, normally closed 90% - 95% all London close Orders after 2 hours or latest the next moring - trade the size up to 0.02 - 0.03 per 1000 for begin
Hi ghostbiker,

Thanks for sharing this with the community. I plan to test it manually on my demo account, but it sounds like you also use an EA? Can you share it with us so we don't have to enter manual trades? I have a day job so I am not always able to check my MT4 account, could the EA make the trade for me?
  • #57
  • Jul 11, 2016 1:07pm Jul 11, 2016 1:07pm
Quoting diamonddbw
This is one of my Yen trades. I observed the same basic set up on ChfJpy (pictured here), EurJpy, UsdJpy & GbpJpy. One factor that influenced my taking all of those, is the fact that they are all way beyond their respective ADR. Open for comments/suggestions. {image}
Hello my friend ..
could you upload the indicators and tmp. of your system that in picture..please ??
  • #58
  • Jul 11, 2016 1:08pm Jul 11, 2016 1:08pm
Quoting ghostbiker
Today's London close Orders: 7 Orders total here for example 5 pics that you better understand trade: Pic 1 sell / Pic 2 sell / Pic 3 buy / Pic 4 sell / Pic 5 sell {image} {image} {image} {image} {image} now GA in TP + 12 Pips net / GC in TP + 25 Pips net

Hello my friend ..
could you upload the indicators and tmp. of your system that in picture..please ??
  • #59
  • Jul 11, 2016 1:23pm Jul 11, 2016 1:23pm
awesome system and easy and good hours of the day for we traders on pacific time!
The risk to reward ratio isn't the best. But if it wins 85-90% of the time it will be fine.
Thanks Ghostbiker!
  • #60
  • Jul 11, 2016 1:27pm Jul 11, 2016 1:27pm
Quoting ELgenius
{quote} Hello my friend .. could you upload the indicators and tmp. of your system that in picture..please ??
++++++++++++++++++++++++++++++++

Try page one. All is there.

This is not my thread so I'll only load my indicators with GB's permission.
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