Sunday Breakout Strategy

[s050399b]

Originally Posted by gif

you will have to build some fuctions to keep a log file, were it opens and inserts a new line at the bottom of the same file (log) so that later you can go see, you most of the time end up finding alot of stuff.

good idea!!!!!

[Azy]

Originally Posted by phil838

I mashed my GU and EJ 2009 results together and the max combined drawdown was 12R. GBP/USD alone was 7R.

Again, more testing is needed before changing the way I trade live money, but I'd feel safe risking maybe 2.5% per trade in those conditions.

I know a .5% increase doesn't sound like much but that equals a 25% increase in profits with very little extra risk.

12R sounds like a lot of drawdown, but in relation to the massive wins it's not that much. There was a 30R winning period right before the drawdown, and a 20R winning period right after it.

the eu/jap results r encouraging but this pair has been so volatile in last 12 months.. which v have never seen in 10 years.... so results might b diff in 2006 or 2007... but so far very encouraging.
good luck.

[pirateboy]

there was a really rough period in 07 , but saved by a period in christmas and post christmas weeks.

hmm....when EJ doesn't go anywhere, it just idles about wasting the stop losses. But when EJ decides to go somewhere, wowweeeeee!

Originally Posted by Azy

the eu/jap results r encouraging but this pair has been so volatile in last 12 months.. which v have never seen in 10 years.... so results might b diff in 2006 or 2007... but so far very encouraging.
good luck.

[Azy]

Originally Posted by pirateboy

there was a really rough period in 07 , but saved by a period in christmas and post christmas weeks.

hmm....when EJ doesn't go anywhere, it just idles about wasting the stop losses. But when EJ decides to go somewhere, wowweeeeee!

yeh I agree.... dats why I like this pair.... but still not successful.... I had success mostly with gbp/us on daily breakouts... when it crosses its highest or lowest.... a simple system. gave more then 6000 pips in 2008!! and 2000 plus pips in 2009 so far.... but again it was almost net zero in 2007 and lil negetive in 2002. when I do d back testing...

[pirateboy]

Ouch....3 losses this week -1.5%, last EJ long yet to be triggered.

[gif]

Originally Posted by s050399b

still can't PM you,


did u uncheck this option too? same page

You may limit the receipt of private messages to just moderators and your contacts. Other members who attempt to send messages to you will be told that you have disabled private messaging.
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Seams i dont have enouth posts to be able to have private message options.

Originally Posted by s050399b

good idea!!!!!

When doing log functions remember to keep them simple and versatile! You dont wanna crate a log fucntion every time you need a new thing logged.

Best would be something like "void Log(string LogLine)" were log line can be
"aaaaaa"+doubletostr(value)+"bbbb" ...........

That would work in perfection (came up with that just now and im gonna implement it to my function list xD)

[sk0ll]

Originally Posted by gif

Ok here is my EA, and a test result. This version has the 2% / trade only etc etc... if anyone finds anything wierd tell me...

This version is only ready to work on 4H of any pair in IBFX hour type brokers ONLY! Anything else it wont trade. Also later i will edit this post with detailed explaining of what the input do... until then poke arround or simply use the default wich are the best ones (in my opinion).

Side note: you guys were right 2% / trade works alot better, and makes it even more promising, atm profiting with it it, is becoming more a matter of time than luck...

A Reminder...
"Past Performance

Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

High Risk Warning

Forex is a High Risk Investment

Trading in the foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals. The high degree of leverage offered in the Forex markets can work against you as well as for you. Before deciding to trade in the foreign exchange markets you should carefully consider your investment objectives, you level of experience, and your risk appetite. The possibility exists that you could sustain a loss of some or all of your equity and therefore you should not invest money that you cannot afford to lose. Only true excess disposable cash should be used in trading. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle. "

Hey!!

Thanks a lot for this Ea my friend.. this will help a lot people like me.. who cant be in front of the computer at the exact time to set the trades.. Can You please explain the ea in details? like all the inputs and how to set it???

I can see that phil is also tradind eurjpy...in a little different way.. can you make a ea for eurjpy too??

ThanKSSS.. you saved my life lol!!

[s050399b]

Originally Posted by Azy

I had success mostly with gbp/us on daily breakouts... when it crosses its highest or lowest.... a simple system. gave more then 6000 pips in 2008!! and 2000 plus pips in 2009 so far.... but again it was almost net zero in 2007 and lil negetive in 2002. when I do d back testing...

are you refering to the 7am to 9am US time zone daily GBPUSD breakouts?

[s050399b]

Originally Posted by gif

Best would be something like "void Log(string LogLine)" were log line can be
"aaaaaa"+doubletostr(value)+"bbbb" ...........

yupe, write everything into functions so that code can be reused,

btw, what's the syntax for writing into files?

[s050399b]

Originally Posted by gif

This version is only ready to work on 4H of any pair in IBFX hour type brokers ONLY! Anything else it wont trade. Also later i will edit this post with detailed explaining of what the input do... until then poke arround or simply use the default wich are the best ones (in my opinion).

One question......shouldn't we use 1min data to run? So that it's more accurate?

what settings do u set?.......i ran it and it took only 3 trades;
i specify 2009 jan til now, but in the visual window it shows from 2008 may 14 til feb the 9th....