Freddie Posted August 18, 2010 Author Report Share Posted August 18, 2010 Yesterday's €$ was a 114 loss - both sides triggered then reversed. Today the sell wins 46 Yesterday's £$ was a 120 loss - Buy made 24 lost 48, sell just lost. Today the sell wins 43 so far. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 19, 2010 Author Report Share Posted August 19, 2010 People at the 3tier have altered the indi to make five trades each side of the breakout. Here's yeaterday's http://i914.photobucket.com/albums/ac341/freddieforII/AR51808.jpg Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 19, 2010 Author Report Share Posted August 19, 2010 Today's Asean Run with the five trade http://i914.photobucket.com/albums/ac341/freddieforII/AR51908.jpg Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted August 20, 2010 Report Share Posted August 20, 2010 Hi Freddie where should we set stoploss? Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 20, 2010 Author Report Share Posted August 20, 2010 Hi Freddie where should we set stoploss? Stop loss is usually the other side of the range ie 15 in the above case. Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted August 20, 2010 Report Share Posted August 20, 2010 this is a very good system... i was looking at gbpusd today and the range is 50pips Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted August 20, 2010 Report Share Posted August 20, 2010 An EA should be made for this. simply amazing Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 20, 2010 Author Report Share Posted August 20, 2010 An EA should be made for this. simply amazing The indi is from FF thread 'a simple london breakout V2' they are alsomaking an EA but it is not as simple as they say. Includes counter trend trades when the trade is stopped out, includes a martingale system when a trade loses. There is a number of 'three trades with different TPs' attached to strategies like '95 pips a day'. Not being a programmer I wouldn't know how easy it would be to make it to five trades- or in fact to alter the '3tier' EA which is available on the FF thread. Open Source. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 28, 2010 Author Report Share Posted August 28, 2010 I have been rather busy this week but since there no other posting, obviously it doesn't matter. Summery for the week is +90, +248, -67, +128, -95 = +304 if my calculation is correct. Highest risk was 240 biggest loss was 95. So, all in all a good week. Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted August 28, 2010 Report Share Posted August 28, 2010 Hi Freddie, which pairs do you trade this? Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 28, 2010 Author Report Share Posted August 28, 2010 Hi Freddie, which pairs do you trade this? I am just watching the £$, it is supposed to be the best for volatility. I'm getting ready to go live in October with this and a London Open, 0600-0630. Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 7, 2010 Author Report Share Posted September 7, 2010 (edited) 5th September and a double take out!! What can I do to avoid this? Suggestions for buffering would require a range of 30. This would reduce the winnings of the buy side. Another solution might have been to allow a second run. The system answer would have been to play with twice the stake next time. Makes one think. http://i914.photobucket.com/albums/ac341/freddieforII/AR50709.jpg Edited September 8, 2010 by Freddie Changed 6th for 5th - wrong day Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 8, 2010 Author Report Share Posted September 8, 2010 After Monday being a bad day, Tuesday was a winner with 116 and Wednesday is +69 with one more trade to go. Would be a temptation to close the last trade for 20 and be satisfied with around 90 pips for the day. Quote Link to comment Share on other sites More sharing options...
pardy Posted September 8, 2010 Report Share Posted September 8, 2010 Hi Freddie, One of the ideas to reduce these type of losses was proposed in the breakout thread, and that is to place the box at the extremity of the range, in accordance with the latest support or resistance. The indi v3b has that capability. It seems to cut down on the losses. Just try it in parallel and see what you think. Pardy Freddie 1 Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 8, 2010 Author Report Share Posted September 8, 2010 Hi Freddie, One of the ideas to reduce these type of losses was proposed in the breakout thread, and that is to place the box at the extremity of the range, in accordance with the latest support or resistance.... Pardy I hear what you say Pardy but where would that have been? Range = 9pips box is from top to bottom. I'd be obliged for a fuller explanation - doubt that I could read it and understand it on the other thread. ...thinking as I type...does that mean that there is a box to tick "Place at extreme of range" I really feel like a simpleton on that other thread. I think that from x time to y time makes the box. If I hang it on S/R price might just ignore my box and go in another direction. Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 9, 2010 Author Report Share Posted September 9, 2010 Hi Freddie,...Just try it in parallel and see what you think. Pardy I have done that Pardy, some of the boxes are just touched by the price so there is no breakout as such. I also seem to recall JBS ranting at SQ because he was using the wrong ZZ indi. Bit of a mix, still have the double crossing at times. Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 11, 2010 Author Report Share Posted September 11, 2010 Some people just want a simple daily 40 pip target with a single trade so I have decided to show the old andee ant_GUBreakout indi at work. http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/00306.jpg I like to use a small range, this one was 00:00-00:29 Broker time which is 23:00 - 23:29. This is just a quiet time around the end of the day and I see no reason to not make it any time from probably 22:00 until 03:00, it all seems quiet around then. The range here was only 5 pips and was soon taken out both ways. Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 11, 2010 Author Report Share Posted September 11, 2010 Taking a longer time/range 0200 to 0300 gives us 22 pips and the Buy BO makes 30 odd while the Sell BO makes 85. http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/02006.jpg A 20 TP 20 SL would win both ways I have left the previous markers on and had to use 15m chart to reduce size. Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 14, 2010 Author Report Share Posted September 14, 2010 (edited) New direction!! I am preparing for live trading and found that the EA for these 'green 5 trades' indi only works on the 3 trade indi. From today I am only posting that indi. Here's todays: an immediate loss of 36pips and a win of 97. Not bad eh? http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/A31309.jpg Edited September 14, 2010 by Freddie pic Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 15, 2010 Author Report Share Posted September 15, 2010 15th result: Just 1 winner with the buys, 3 winners with the sells 110 for the day. Think that I will stick with this strategy. http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/A31509.jpg Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 15, 2010 Author Report Share Posted September 15, 2010 (edited) Here's Monday's result: http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/A31309-3.jpg 302 pips so far this week. Just hope that the next two days don't mess it up. There is also the thought that a regular 250pips per week would be an acceptable figure. Edited September 15, 2010 by Freddie Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted September 15, 2010 Report Share Posted September 15, 2010 But how do you deal with fake breakout? Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 15, 2010 Author Report Share Posted September 15, 2010 But how do you deal with fake breakout? You lose! See Tuesday with +61. False BO cost me 36 pips then we had a win of 97 on the sell side. It is post #44 the price barely popped out by a couple of pips then retreated. In the time that I have watched this strategy I have seen a few double falsies. It costs you the six trades. "You can't win them all" as the saying goes. Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted September 15, 2010 Report Share Posted September 15, 2010 Thanks Freddie. Any idea what's the performance say average monthly pips gain? Quote Link to comment Share on other sites More sharing options...
Freddie Posted September 16, 2010 Author Report Share Posted September 16, 2010 Thanks Freddie. Any idea what's the performance say average monthly pips gain? No, it is all wins for weeks but now you have put the HEX on it!! Today is a double retrace and a loss of 3 pips!! http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/A31609.jpg Quote Link to comment Share on other sites More sharing options...
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