Thread: 0400-0700 GMT Breakout Strategy

Originally Posted by ;

Look in the charts.
It is a 3?1/2 hour band, from 04:00 through 07:30.

I had been going by what was written rather than the charts. On the other hand, the charts should demone a 3hour ring as that is exactly what was quoted (imo)!!!

Z

Originally Posted by ;

this egy is the london open version of 7am-9am Big Dog USD Breakout Strategy https://www.forexsoutheast.asia/gene...x-trading.html

beginning of period: 04:00 gmt
end of period: 07:00 gmt

Originally Posted by ;

I have a backtest available for anybody who would like to test this egy.lets you set the times, buffer, tp along with sl. I did it for my dissertation, it works. If anybody is interested pm me

hi lebo

can put your backtest effect on the form for all to view and comment instead of regretting ing you

I have not been following this for some time so could be interested in seeing your backtest

thanks

I've been tried this system for 1 month (November 2010) but it reduction virtually daily. Anybody got same effect ? ,or I do something wrong ?

Originally Posted by ;

hi lebo

can put your backtest effect on the form for all to see and comment instead of regretting ing you

I have not been following this for some time so would be interested in viewing your backtest

thanks

not really as my backtest lets me setup a vast range of parameters. So I can test unlimited possibilities.i have analyzed only gbpusd, optimised parameters in terms of de worth, profitability, drawback etc.. . .results I got were some 7000 pips in 2007-2010. .1600 pips in 2001-2010 for example.i have numerous excel sheets, so thats why I said raher pm me, give me mail I can send you all the stuff..posting 3000 pops with results wud likely get me banned hah

Originally Posted by ;

I've been tried this system for 1 month (November 2010) but it reduction almost every day. Does anybody got same effect as me ? ,or do something wrong ?

What parameters u using?i discovered It Is very helpful not to end at 7am, but 6 45 am, as most of the amazing stuff starts happening some 10, 5 min prior to the open

Originally Posted by ;

what parameters u using?i discovered it is very helpful to not complete at 7am, however 6 45 am, as all of the amazing things starts happening some 10, 5 min prior to the available

I did anything like the example on the first post but I set pending order 5 pips above and under the lowest and highest point and utilize TP/SL= 30 pips and close every order after US marker open.

Apologies if this has already been covered in the thread (only just begun reading it).

My main concern in the implementation of this egy is the simple fact that I've occasionally witnessed a headfake on the London openminded, any ideas on how best to overcome this or shield from it?

Headfake breakout ?

So you might enter the transaction only some pips over (for extended) or under (for short) the box traces ... that this prob is explained several times here in the ribbon.

Hi ledobedo,

I only joined this forum so that I can not pm u. I'm really interested on your backrest. How can I buy it from u? I dun think I can post my email add here.

Thks!

Originally Posted by ;

I have a backtest accessible for anyone who wants to examine this egy.lets you set the times, buffer, tp along with sl. I did it it works. If anyone is interested pm me

Originally Posted by ;

headfake = false breakout ?

So you might enter the transaction just a few pips over (for extended) or under (for short) the box traces ... that this prob is explained several times here in the ribbon.

Yeah the word headfake comes from ice hockey in which an attacking player with the puck moves his mind in 1 way to fool the protector but really goes the other way, so exactly a false breakout...

So maybe, wait for a retest of those busted support/resistance or utilize a tight stop until price turns through with the move...