Stress Free Breakout trading Journal

[T.F.B.]

hi soondook

have you changed sl to 45 now and 1st tp to 30 and 2nd tp to 80? and prices from 3am to 6 am gmt?

thks

Please look carefully to the currency it is GBPUSD. Yes TP1 30 pips when it hits I move Sl to BE. The original SL lvl is 45 pips. Concerning the time I did not change it. I am a bot confused about gmt or not gmt. According to my broker alpariuk my orders placed at 8.15

Just had a flick through the post Soondoock and think that this is a great thread and system. Just had a question, what if you get a bearish breakout yet the 95EMA is still below the box? keep up the good work mate.

I will not get breakout because If the ema below the box we have only buy orders so if the price goes down nothing will happen.

 

[coolshades]

soondoock, thks.

what are the timings for your box? are they 3am and 6 am or 4 am and 7 am?

Please look carefully to the currency it is GBPUSD. Yes TP1 30 pips when it hits I move Sl to BE. The original SL lvl is 45 pips. Concerning the time I did not change it. I am a bot confused about gmt or not gmt. According to my broker alpariuk my orders placed at 8.15

 

[T.F.B.]

soondoock, thks.

what are the timings for your box? are they 3am and 6 am or 4 am and 7 am?

I live in Ukraine and my local time is +2gmt, I use alparibroker and it seems it has terminals working +1gmt. According to this My box is 4-7gmt

 

[GumRai]

I live in Ukraine and my local time is +2gmt, I use alparibroker and it seems it has terminals working +1gmt. According to this My box is 4-7gmt

Hi,
Alpari is working at GMT + 2 hours at the moment.
The UK is using BST now and so the time in the UK is GMT + 1 hour
The UK will revert back to GMT at 2AM on Sunday the 25th October and the USA will adjust their clocks 1 week later.
I think that Alpari will alter to GMT + 1 hour at around the end of this month, but I'm not sure. Basically, the time used on Alpari is to allow the market opening time to be midnight, on a Sunday. With some chart software packages, they don't adjust the time and because the markets open at 11PM Sunday, UK time, the charts have a daily candle for the Sunday, but it is only 1 hour long.

I think that most, if not all countries in Western Europe are on GMT + 2 until the 25th October, so the same as Alpari time at the moment.

Kiev is currently GMT + 3 and will change to GMT + 2 on 25th October

 

[T.F.B.]

15.10.2009

Hello Had no time to post my orders so here are results for today.



_____________________________________
Journal result since 1st Sep. 2009: +610 pips

 

[AmateurTradersOnline]

Hi Soondoock,

Is there any reason why this only applies to GBPJPY, GBPUSD and EURJPY?

THanks Mate.

 

[T.F.B.]

Hi Soondoock,

Is there any reason why this only applies to GBPJPY, GBPUSD and EURJPY?

THanks Mate.

Yes,
European session starts that time (Frankfurt and London) That is why I use GBPxxx pairs.
Cheers!

 

[T.F.B.]

16.10.5009

Good Morning!
My pending orders for Friday 16.10.2009:

 

[T.F.B.]

19.10.2009

Hello everybody!
There where no trades on Friday.
Today we have 4 pending orders for GBPUSD.


I made a mistake on Friday in my EA. That is why I have negative trades today. The entry should be 15 pips higher. well my mistake. If you follow and trade this strategy you should have +35 for today.


____________________________________
Journal result since 1st Sep. 2009: +520 pips

 

[T.F.B.]

20.10.2009

My Pending Orders:



No trades for today.
____________________________________
Journal result since 1st Sep. 2009: +520 pips

 

[cryptorchid]

My Pending Orders:
View attachment 66266

Vladimir,

I am very interested in your thread. Looks like it is profitable over time and I would like to follow your method. I am trying to recreate your orders based upon my data to validate my understanding. I have two issues that I would like your help on.

First, from your picture it seems like you include the bar that starts at 7:00 GMT and ends at 7:15 GMT. My software, Tradestation, labels it as 7:00 GMT. Does that seem correct?

Second, in my data, the high in the box is 1.64443. You placed your buy order at 1.64492. I had expected the order would be at the top of the box. Can you explain why there is this difference.

I am very new with the forex, so forgive me if these are silly questions.

Thanks,
Cryptorchid

 

[T.F.B.]

Vladimir,

I am very interested in your thread. Looks like it is profitable over time and I would like to follow your method. I am trying to recreate your orders based upon my data to validate my understanding. I have two issues that I would like your help on.

First, from your picture it seems like you include the bar that starts at 7:00 GMT and ends at 7:15 GMT. My software, Tradestation, labels it as 7:00 GMT. Does that seem correct?

Second, in my data, the high in the box is 1.64443. You placed your buy order at 1.64492. I had expected the order would be at the top of the box. Can you explain why there is this difference.

I am very new with the forex, so forgive me if these are silly questions.

Thanks,
Cryptorchid

Hello Cryptorchid,
I am afraid I can not answer your first part of the question in direct way. But I will try. In my Terminal the time ea places the orders is 7-15. My local time is Kiev +2GMT is 8-15. To clarify this and make easier for you I place orders 45 mins before London session starts.

The second part of the question. I use small buffer for entering trades to include the spread size and to filter some times false breakouts.
If you have any other questions please let me know.

 

[T.F.B.]

21.10.2009

Morning All!
Today we have:


I will continue to post my trades till the end of this month. I hope all those who want to trade this strategy have all the answers and all the tools to trade and test it.

And Results are: +90pips. I have decided to close trades manually.


____________________________________
Journal result since 1st Sep. 2009: +610 pips

 

[marine1983]

Morning All!
Today we have:
View attachment 66408

I will continue to post my trades till the end of this month. I hope all those who want to trade this strategy have all the answers and all the tools to trade and test it.

And Results are: +90pips. I have decided to close trades manually.
View attachment 66412

____________________________________
Journal result since 1st Sep. 2009: +610 pips

Hi Soondock,

Very interesting thread. I have setup your EA on metatrader. Could you explain some of the settings. ie the buffer settings, what does this mean. I can work out some of it but not all.

 

[neil]

Hi Soondock,

Very interesting thread. I have setup your EA on metatrader. Could you explain some of the settings. ie the buffer settings, what does this mean. I can work out some of it but not all.

Forexfactory has various free breakout systems if you search there.
Try "Asian range breakouts" in the search engine

 

[T.F.B.]

Hi Soondock,

Very interesting thread. I have setup your EA on metatrader. Could you explain some of the settings. ie the buffer settings, what does this mean. I can work out some of it but not all.

Ok, here you go.
Buffer_for_entry: means amount of pips away form the box edge ea will place orders. For example we have box edge at 1.5500 and you enter "5" as a buffer_for_entry, so ea will place orders at 1.5505.
Buffer_for_SL: this usually 0.0 if you want to use custom sl which you set in max_range_sl.

I guess this is all. Ask more if you need.

 

[marine1983]

Ok, here you go.
Buffer_for_entry: means amount of pips away form the box edge ea will place orders. For example we have box edge at 1.5500 and you enter "5" as a buffer_for_entry, so ea will place orders at 1.5505.
Buffer_for_SL: this usually 0.0 if you want to use custom sl which you set in max_range_sl.

I guess this is all. Ask more if you need.

Ok makes sense. I use a 5 digit broker so a 50 pip stop loss will look like 500 in the settings tab of the EA. Is this correct? Or does it take 5 digit brokers into account.

What does the SL factor mean?

How do you trade with 2 take profits? At the moment I can only see the advanced strategy of setting 3 take profit levels. If I turn these to false will it trade to a default that is hard coded?

Sorry for all the questions. It has made 2 successful trades on the GBP/USD GBP/JPY.

All three take profits were hit on both charts.

Thanks

 

[T.F.B.]

Ok makes sense. I use a 5 digit broker so a 50 pip stop loss will look like 500 in the settings tab of the EA. Is this correct? Or does it take 5 digit brokers into account.

What does the SL factor mean?

How do you trade with 2 take profits? At the moment I can only see the advanced strategy of setting 3 take profit levels. If I turn these to false will it trade to a default that is hard coded?

Sorry for all the questions. It has made 2 successful trades on the GBP/USD GBP/JPY.

All three take profits were hit on both charts.

Thanks

Hello!
Yes you are correct. 50pips with 5 digit broker will be 500. (I also use 5 digit broker).
I use two TP. EA opens 2 trades. If you have TP3 true you will have 3 orders. I think it is your choice. SL_factor: if 1.00 it will use your custom SL. If you enter 0.5 it will use half of your custom SL. Concerning the coding, I am not a programmer

 

[T.F.B.]

22.10.2009

My pending orders:


No trades for today.

 

[marine1983]

My pending orders:
View attachment 66520

Makes sense now. Thanks for all your help. Will setup my demo account with the EA attached on my fxbook. For anyone else that is interested