Here some BT in differents pairs.
Attached Image(s) (click to enlarge)
Simple morning hours breakout system - forward test $1000 => ?
blablabla
blablabla
i agree that only gbpusd and gbpjpy are worthy
i backtested february investing 1% per trade with my own mod and this are the results:
eurusd +25%
eurgbp +9%
eurjpy +9%
gbpusd +9%
gbpjpy +10%
also tested this pairs and removed from list of pairs i'm gonna trade:
gbpaud +2%
gbpcad -4%
gbpchf +12%
gbpnzd +5%
euraud +8%
eurcad +2%
eurchf -2%
same system same settings works also on us open on usd pairs
all you need its to commit to the system, trust it and trade it everyday
i writed to abowailk to code my own mod but he didn't text me back so i coded my ea on mql5..
wish you the best
- #168
- Mar 13, 2016 4:56pm Mar 13, 2016 4:56pm
{quote} {quote} not even close to the thruth
That's right Kunay9,
If you change the open time for each country coin you will have better results, try AUD pair in Australian open whit your EA. I think is very profitable.
@Kunay9 That sounds surprisingly ! So, if you could improve this EA/settings would you share some more details ?
work good with m15 atr too but results may be more spikey
not using any other filter
better explanation and picture on my thread: http://www.forexfactory.com/showthread.php?t=580892
- #170
- Mar 15, 2016 2:11am Mar 15, 2016 2:11am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
Dude ! Look the TE above ... what do you think - why the hell the thread starter leaved this thread ...? A lot of similar BO Systems are out ... it seems to me none of them works or works only with additional manual interventions.
http://www.forexfactory.com/showthread.php?t=582831
http://www.forexfactory.com/showthread.php?t=578504
But this does not mean that this simple approach won't work in the long run.
GBP/JPY remaining position stopped out and look at that EUR/USD. DAMNIT!Ok, we have that special case now that the EUR/USD has reached its short target, so we will remove all remaining stop buy orders in that pair now. See ya tomorrow!
How many pips above and below do you set the stop orders at?
I have a system which I want to automate, which is similar to yours, but takes two boxes from 7 to 7:55 GMT, and from 15:15 to 15:55, on M5, and the SL for the buy stop is the same as the sell stop level. ON GJ my buy stop is 5.8 pips above the high of the range, and for the sell stop it is 3 pips below the low of the range. I like your idea of the retrace, and I would like to try that with a limit order. Also a trailing stop is the way to go, as sometimes you can have up to 7:1 Reward to Risk. Could someone automate this system? Ideally, the times of the box would be a variable, so that one can test it on different pairs, with different times. My two breakouts per day idea seems to work on gold and EU/AUD, but an EA would be good to test it properly. My TP is the same as the SL range on the stop orders.
on GU a box from 23:00 GMT to 8 a.m. GMT works well, on the same principle but stop orders are 1.7 and 1 pip away.
- #173
- Nov 26, 2016 10:57am Nov 26, 2016 10:57am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #176
- Last Post: Apr 7, 2017 5:47am Apr 7, 2017 5:47am
- Joined Sep 2011 | Status: Trader | 1,252 Posts
