GbpUsd 5 min breakout - Page 10
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Thread: GbpUsd 5 min breakout

  1. #91
    Hi guys,

    I assume that we could have supposed that there was an opportunity we'd range this week cable as we approached the 50 percent fib retracment on the daily. The more I look at it the more it jumps off the screen . In hindsight when I was doing my homework correctly I should not have exchanged the BO as price approached the 50 fib. As for myself I will make it a point to inspect the bigger picture every day to determine whether or not to take the trade or perhaps exchange an equally explosive pair for that period until the daily breaks out of obvious SR or major round numbers and significant fib lines. Perhaps then there is a possibility to improve risk in terms of lot size alongside increased probability of a win.... With a little more research this could wind up being a process of trading. . .especially when we use the entry as is and research ways exiting with a higher RR ratio... Apologies if I am getting too far off from the core procedure.... Any indication of Cain anywhere...I wouldn't mind his input to this....

    Blinkers...

  2. #92
    Quote Originally Posted by ;
    This is not right according to my tests. I am forward testing this method, though just visually, and my results to the first two weeks of the year is approx. 250 pips. The first week was nevertheless much better than this one, but both were profitable.

    How did you perform your own evaluations? What broker? How are the outcomes for everybody else?
    I am conducting a test between 8 and 7 GMT (the original being 7), also in 8 GMT I get results like yours. Can you use 8 or 7 GMT? For today, it seems like sticking to the system is the most profitable option (7 GMT),...
    Hi Archie,
    I am using Boston system (MT4); the MT4 time is one of New York;
    I am using the candles of 7:00, 7:05 and 7:10 GMT
    I did a visual rear evaluation; added that the spread for the long, awakened if the first was a loser, shut the pending trades next day at 23:00; buffer equal 10 pip; SL equal square height 10 pip buffer; TP equal Square height 10 pip buffer;
    as example for Friday:The box dimension is 41pip Short commerce: Entry in 1.6296, TP in 1.6245, SL in 1.6347 Long commerce: Spread equal 3 pip: Entry in 1.6359, TP in 1.641, SL in 1.6308 Please correct me if I do something incorrect

    Here are my results for January 2010:

    04/01: -23pip / 23pip / 23 pip -- Total: 23pip
    05/01: 47 pip -- Total: 47 pip
    06/01: 31pip / -31 pip -- Total: 0 pip
    07/01: -41pip / -41pip / -41pip -- Total: -123 pip (the twice up commerce closed the next day)
    08/01: 23 pip -- Total: 23 pip
    11/01: 50pip /-50pip -- Total: 0 pip
    12/01: -48 pip / 48pip / 48 pip -- Total: 48 pip
    13/01: -27pip / 27pip / 27pip -- Total: 27pip
    14/01: -36pip / -36pip / -36pip -- Total: -108 pip
    15/01: 51pip -- Total: 51 pip


    Total for today equals -12pip
    so for the time when I posted earlier, we had been -63 pip (sorry for the visual error people ), and today due to a good Friday, we're in -12pip.

    Expect both coming months will be much greater

    Cheers

  3. #93
    Quote Originally Posted by ;
    I guess it really comes down to whether the market is trending or stuck within a range. . .As is evident from this week we were stuck at a range for most of it though we managed to squeeze a few winners from it..If we could ascertain early enough that cable is begging na range for a while it may be worth looking at GBP/JPY for those few days or for that week. It is apparently a pretty volatile pair and shifting over to trade it at those times may be a worthwhile option. But I could be wrong....
    Hi,
    can you please elaborate?
    Do you mean that you're placing you order at 7:20 GMT?
    Using this technique and just did a visual check up, I couldn't see how It's Going to be beneficial for us, since the 7:20 GMT candle rarely triggered a commerce

    thank you

  4. #94
    Quote Originally Posted by ;
    The box dimensions varies, one day it can be 10 pips, the subsequent 100, however the win / lose value remains the same - ie if you lose you lose 2.5%, if you win you win 2.5percent irrespective of the number of pips traded.

    Trade 1 100 pips = 2.5percent
    2 -10 = -2.5percent
    3 - 15 = -2.5percent
    4 50 2.5percent
    5 -30 = -2.5percent
    6 80 = 2.5percent
    7 -40 = - 2.5percent
    8 -12 = - 2.5percent
    9 140 = 2.5percent
    10 - 13 = -2.5percent

    There you go, plus 250 pips, - 5%. You ought to be trading a percent of your balance per trade.

    Max
    Hi,

    Yes I agree that just the amount of pips doesn't show if the system is profitable or not. But demonstrating the gains does demonstrate a system because the percentage also reflect the amount/lots risked. Few winnings can cause A using a high amount risked, and earnings in% must therefore be presented with your risk%.

    After introducing my results I was a bit quick, because I didn't explain I have calculated the amount of pips in connection to the lots risked. The trade equals one unit and the outcome is equivalent to the amount of pips earned or lost. Another trade following a loser is equivalent to 2 components, and will consequently impact my pip equilibrium with the quantity. I'm aware that this manner of presenting the outcome isn't really right (because it's not really actual pips I'm counting), but I have found it the best way for me personally, because I need to value the system regardsless of the actual amount risked. Because I calculate results like this, I didn't reflect this in my last post over.


    Regards

  5. #95
    Quote Originally Posted by ;
    Hi,
    I am using Boston system (MT4); the MT4 period is your among New York;
    I am using the candles of 7:00, 7:05 and 7:10 GMT
    I did a visual rear test; additional the spread for the lengthy, awakened in case the first was a loser, shut the pending transactions following day at 23:00; buffer equivalent 10 pip; SL equivalent square height 10 pip buffer; TP equivalent Square height 10 pip buffer;
    as instance for Friday:
    [list][*]the box size is 41pip[*]Short trade: Entrance 1.6296, TP in 1.6245, SL in 1.6347[*]Long trade: Spread equivalent 3 pip: Entrance 1.6359, TP in 1.641,...
    Hi,

    I see that you have calculated your results nearly like I have, however the complete differ a lot, and I really don't understand why. This is sometimes due to different brokers, quotes etc.. I have been quite careful when prices just touched my TP/SL and always calculated with all the worst result. In any event, here are my results in the same type as yours, not taking into account the amount risked, and doubling the pips once doubling the order.

    04/01: -33/ 33/ 33 -- Complete: 33
    05/01: 55,4 -- Complete: 55,4
    06/01: 40/-40 -- Complete: 0
    07/01: -52,4/ 52,4/ 52,4 -- Complete: 52,4
    08/01: 29,2 -- Complete: 29,2
    11/01: 57,2 -- Complete: 57,2
    12/01: -55,9/ 55,9/ 55,9 -- Complete: 55,9
    13/01: -38,9/ 38,9/ 38,9 -- Complete: 38,9
    14/01: -44,8/-44,8/-44,8 -- Complete: -134,4
    15/01: 58,6 -- Complete: 58,6

    TOTAL: 246,2


    Regards

  6. #96
    Hi..

    I'm not exactly sure what your issue is as I never discussed anything about placing a trade at 7.20am in my own posts. . .However, you may have misunderstood what I said 5min candle closes, about entering. What I meant is that I enter when a 5min candle closes out my BO box. When the same thing occurs on the side I only activate my stoploss. Its surprising how many times that this will stop us from getting into breakouts and from losing trades. I know we sacrafice a few pips however they are easily won back this manner....

    Quote Originally Posted by ;
    Hello,
    can you please elaborate?
    Do you imply that you are placing you order at 7:20 GMT?
    With this method and I just did a visual check up, I could not see how It's Going to be beneficial to us, because the 7:20 GMT candle rarely triggered a trade

    thank you

  7. #97
    Quote Originally Posted by ;
    Hello,

    I see you have calculated your results almost like I have, however, the complete differ a lot, and I really don't know why. This can be because of different brokers, quotes etc.. I have been quite careful when prices only touched my TP/SL and constantly calculated with all the worst outcome. In any event, here are my results for the initial two weeks, in the same type as yours, not taking into account the amount risked, and doubling the pips when doubling the second order.

    04/01: -33/ / / 33/ / / 33 -- Total: 33
    05/01: 55,4 -- Total: 55,4
    06/01: 40/-40 -- Total: 0
    07/01:...
    Hi Archie,
    I could see why:
    on the 7th of Jan, you have considered the doubled trade for a winner while it is a failure one. The cable fell down to maximum 36 pip down of the box and then retracted back to shut the doubled commerce as a looser (it should have dropped for at least 41 pip to shut it as a winner)
    additionally on the 11th of Jan, you did not enter the second trade which was -50 pip

    cheers

  8. #98
    Quote Originally Posted by ;
    Hello..

    I'm not exactly sure what your issue is because I never said anything about placing a commerce at 7.20am in my posts. . .However, you may have misunderstood what I said about entering 5min candle closes. What I meant is that I just enter when a 5min candle closes out my BO box. I also just trigger my stoploss when the exact same thing happens on the opposite side. Its surprising how many times that this will prevent us from becoming into false breakouts and additionally from losing trades. I know we sacrafice a few pips but they are easily won back...
    it looks like I miss understood you
    clear today, thank you; it looks like a pretty filter

    cheers

  9. #99
    Quote Originally Posted by ;
    Hi,
    I will see why:
    about the 7th of Jan, you have thought the triple trade as a winner whenever it is a loser . The cable dropped down to max 36 pip from this box and retracted back to close the doubled trade as a looser (it should have fallen for 41 pip to close it like a winner)
    also on the 11th of Jan, you didn't enter the next trade which was -50 pip

    cheers
    Hi again,

    I've re-checked my charts and according to them it is correct. I double up even on the next day. I really don't know when this is after the original rules, but I have found it profitable. About the 7th Jan the initial order (sell, not a buy order) was a loser, I doubled up and the next day the impending buy was triggered and reached its TP. About the Jan the buy strike the sell and on its TP wasn't triggered with my broker. Your broker have various quotes.


    Regards

  10. #100
    Quote Originally Posted by ;
    Hi guys! I am back! I dropped my pc, and more incredibly... I had been murdered. So I couldn't access my email accounts or my FF account. So I chose to create a new account for security reasons, I'll ask the moderation group to block my old user, today I am Cain_!
    Interesting to see so many people around here, I will ch up as soon as I can!


    Happy pips!
    Sorry to hear about your woes

    Good to have you back tho

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