Early Bird catches the worm

[neil]

Another variation of many early morning breakout systems...06.30am UK time

Early Bird catches the Worms..GBPUSD @ Forex Factory

 

[gedward3]

Another variation of many early morning breakout systems...06.30am UK time

Early Bird catches the Worms..GBPUSD @ Forex Factory

Good find Neil, Ive been looking for more info on the Asian Opening Breakouts
since they were mentioned on the GU thread

Ged

 

[BoarDome]

😉, 6am early enough?

 

[neil]

variety

😉, 6am early enough?

Yes, they vary from entire overnight Asian ranges ie. 00.00 to 6am or 7am etc. Even saw one working off the midnight bar or 6am bar.

😀

 

[gedward3]

Yes, they vary from entire overnight Asian ranges ie. 00.00 to 6am or 7am etc. Even saw one working off the midnight bar or 6am bar.

😀

Hi Neil,

Did you load this indi up off one of the threads. A little tinker with the times and it
sets up automatically your overnight box to the times you want and gives you the
breakout price either side.

Ged 👍

 

[Dubai]

Hi,

It's proving successful of late, I've finished coding the Ea with some help from a friend. Whilst it's working this year, previous yrs have proved negative equity.

 

[puregold24carat]

Dunno about catching the early worm .....but catch something you will as your risk / reward ratio is less than 1:1

 

[Dubai]

Thankyou for that observation. A wrong one, but thankyou.

R:R is 1:1 at 20/20.

The EA suggests a 45TP and 35SL is optimum.

 

[samnakthong]

Goes anytime from midnight up until 7 am. Usually between 5 and 7. No strat needed the market spends a couple of hours telling you what it's gonna do.