Sunday Breakout Strategy

Trading Systems Free Forex Trading Systems
1208

I’m sure this is of absolutely no use to you but hey :smiley:

(Calculated) 40% return since beginning of May on GBP/JPY closing at 3R at 2% risk.

1209

[B][U]Position Sizer.zip[/B][/U]

  • external variable to specify your risk in %
  • has 3 lines, Entry, Stop Loss, Target profit
  • it will calculate lot size and RR ratio based on your risk in %
  • will not calculate when entry is not between stop loss and target profit
  • will not calculate when entry is equals to stop loss or target profit (to avoid divide by zero error)
  • ready for 5 or 4 digit broker

Download here:
http://forums.babypips.com/133505-post986.html

ETA:
next step for this position sizer would be to place the orders for u by hitting a button (after you have setup your entries)

does anyone know if mt4 has any interactive command box or things to interactive with the user? or is there any EAs that does this? Pls post it up with code, and I can figure it out.

Thanks,

1210

couldn’t find a command button for user to click to enter into the market

walkaround:

  • i think I will display a label which says “delete me to place an order with the current setup”
  • and when the user delete the label, my program will place the order with the values as on the screen and reset the lines/label

what do u guys think?

1211

[B][U]Position Sizer EA.zip[/U][/B]

  • able to places orders when delete the yellow label

Download here:
http://forums.babypips.com/133505-post986.html

1212

This is great but could you back test this further to maybe 2004 and see if it’s consistent? thanks

1213

This is great! You should make a new thread for it. There are a lot of people who would use this but don’t trade the Sunday breakout and will never see it here. :slight_smile:

1214

Hey phil,
Still waiting to hear from you to know how much (in percentage profit) your strategy (sunday break out) has yielded this year on the gbp/usd.
Thanks

1215

haha! done~
advertised it in here:

1216

G/U making some big movements :slight_smile: Its quite tempting to jump into the market. If I didnt have this system holding me back I think I would be wasting away my account on these shorter term trades.

1217

I have gotten some pips from the short side, exited at the other side of the trend line

  • bounced from trend line
  • hammer (pin bar) (based on my GMT2 charts)

[B][U]Daily Chart[/U][/B]
I am thinking of setting a trade for the long side, using a GMT0 chart, u can see inside bar?

if using a GMT2 chart, u can see a pin bar

1218

Sorry, I must have missed your question the first time around.

I’m not at home right now so I can’t see my updated records, but 3-4 weeks ago someone asked this question and as of that day I’d made 31% with the system so far this year.

That’s what I personally made, but I missed a few weeks of trading on occasion. If I’d never missed a trade it would have been a bit over 40% for the year. :slight_smile:

I’ll look up and post my current results when I get home over the weekend…

1219

I haven’t tried it out yet because there are no trades on the horizon, and it might already do this, but if not a good feature would be to automatically replace the yellow label after the trade closes. Then you wouldn’t have to remove and replace the EA to take another trade.

But like I said, you may have already though of that. :slight_smile:

1220

I am trying to find out the sunday candle. It seems that the metatrader is not displaying sunday candles after 09-08-09. I am using interbank fx demo account. Any suggestions ?

EDIT: multiple servers are available on ibfx. I chose the wrong server. I have corrected the issue:)

screenshot.jpg700×388 54.3 KB

1221

It looks like your data has gotten corrupted somehow… Both my IBFX demo and live accounts have Sunday candles after the 8th.

It’s not just your Sunday candle that’s missing… Your charts look entirely different than mine!

I really don’t know what to tell you. Maybe erase the history folder in your MT4 installation and reinstall MT4?? :confused:

1222

I am little confused on setting TP. How exactly do we calculate the value from 1/2 of ATR(14) ?

1223

Oh, this one is about place orders, it doesn’t keep track of of many orders you placed.

[ Use Case ]

  • EA creates yellow label
  • EA moves entry, stop loss lines to min price in the window, target profit lines to max price in the window
  • user adjusted the entry, stop loss, target profit lines
  • user delete yellow label
  • EA sends in order with entry, stop loss, target profit as per lines
  • EA creates yellow label
  • EA moves entry, stop loss lines to min price in the window, target profit lines to max price in the window
1224

I have placed orders in ibfx demo

  • onstop buy
  • limit buy
  • onstop sell
  • limit sell

and they look fine, try it out~ :slight_smile:

1225

Hello everyone,

I am new here and to FX trading. I am going to try this system on my demo account for a few months and see what happens.

I am having a little issue though…

I am trying to download the indicators for this system from the first post and install them in MT4 from Interbank FX. When I try to unzip them using winzip it says the file is invalid or corrupt. When I unzip them using winrar I get a file but it does not have any extension and MT4 doesn’t recognize the file.

If anyone knows what I am doing wrong please let me know.

Thanks!

1226

Hello,

I have donwloaded all the 3 files… but position sizer.szip and position sizer ea.zip somehow its not working here? I unzipped them to the expert folder… am I missing something here???

Thanks!!!

1227

What do you make of this Sunday’s candle? Still planning to trade it?