Sunday Breakout Strategy

Hello,

DO you guys know any EA for Mt4 where I can set the orders for long and short at the same time and then forget?? 00:00 gnmt is a really bad time for me to set the orders manually, so do you guys know any straddle ea? Since Interbank wont allow me to open 2 pending orders??

Thanks!

buffer = 10
spread = MathAbs (Bid - Ask)

Long = high + buffer + spread
Short = low - buffer

Long SL = Short
Short SL = Long

Long TP = ATR(14) 4 hour / 2
Short TP = ATR(14) 4 hour / 2

Thanks so Long entry is 1.6276?

This seems like a good system for us Aussies no, no loss of sleep.

My charts have something called an ATRwilder 14 which is 3.9694. Anyone know if the ATR wilder and the ATR 14 are the same?

http://forums.babypips.com/free-forex-trading-systems/23601-sunday-breakout-strategy-99.html#post133505

Hey!! thanks a lot for this!!!

Just extract them to the expert foldersā€¦ set the risk and Im all ready???

Thanks!!

run it on demo first,

OK so are these the correct figures?

buffer = 10
spread = MathAbs (Bid - Ask) 3 in my case

Long = high (1.6263) + buffer + spread = 1.6276
Short = low (1.6205) - buffer = 1.6195

Long SL = Short = 1.6195 (81 pips)
Short SL = Long = 1.6276 (81 pips)

Long TP = ATR(14) 4 hour / 2 = 192 pips
Short TP = ATR(14) 4 hour / 2 = 192 pips

looks alright,

You are right. My high is off. Itā€™s 1.6263 not 1.6236. Sorry about thatā€¦

Hi ā€˜sā€™,

I think the issue Iā€™m talking about is because FXCM whom I use is 5 digits and you guys have programmed for 4 digits. If you take a look at this morningā€™s eMail generated youā€™ll see the Buy is only 1 pip above the high, whereas it shold be 10 pips above ā€¦ Iā€™m assuming this factor of 10 error is because its added 10 pippettes to the high, which results in adding only 1 real pip.

Candle High: 1.6245
Candle Low: 1.6208
ATR: 3597

OSP Buy: 1.6246
OSP Buy SL: 1.6208
OSP Buy TP: 1.6426

OSP Sell: 1.6207
OSP Sell SL: 1.6245
OSP Sell TP: 1.6027

Stop Loss (pips): 383
Target Profit (pips): 1798
Reward to Risk: 4.7

Set OSP Buy SL to BE when: 1.6323
Set OSP Sell SL to BE when: 1.6130

Iā€™ve also discovered an irregularity in data feeds (regarding my discussion with Boston Technologies). My FXCM high shows 1.62449 yet your IBFX shows 1.6263 ā€¦ and to complicate things further, If I just box Oandaā€™s start of week trading up til 0000, then their high was actually 1.62721

My long has already been triggered - so hereā€™s hoping, but Iā€™m not sure how to treat my future weekā€™s entries???

Iā€™ve attached the FXCM screenshot.


Hi Johnny,

Currently my Meta Trader 4 shows GMT time or London time -1 and not London time.

My current Eastern Standard Time is 22:47 on Sunday September 20 but my Meta Trader 4 shows Monday September 21 at 2:47 am. So that is only a 4 hour difference from my EDT which should put Meta Trader on GMT.

which indicator did u download from? the official indicator linked from the 1st post did not cater for 5 digits. the temp indicator which is modified from this one also did not cater for 5 digits.

but this one should cater for 5 digits, could u try it out?
http://forums.babypips.com/free-forex-trading-systems/23601-sunday-breakout-strategy-99.html#post133505

Hi ā€˜sā€™,

Thanks. Iā€™ve just tried that one ā€¦ but it seems to be an EA rather than just an indicator, so I couldnā€™t load it as just an indicator. When I loaded it as an EA I did not get the smiley face, just a cross - perhaps this is because the FXCM platform starts with a 2100 Sunday H4 candle rather than a 2000 ???

Oh yeah!! I didnā€™t program GMT offset and thingy into the EA,

considering that some brokers didnā€™t have sunday data, so it isnā€™t worth the effort to program GMT offset into it, hmmmmm,

Short triggered for me. Anyone else?

Yes, me too. :slight_smile:

hmmmm, but EURJPY is moving up, usually these 2 pairs go together, hmmmmmm,

Yes, iā€™ve noticed this as well on G/Y. Pound seems to have decoupled from risk sentiment as some of the blogs on this site have mentioned.

Using the breakout rules for EURJPY as in here:
http://forums.babypips.com/free-forex-trading-systems/23601-sunday-breakout-strategy-84.html#post130845

to other pairs ending with JPY seemed good for 2009.01.01 to now,