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Old 06-18-2007, 08:28 AM
Pervaz Pervaz is offline
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Boxed GBPUSD
This is my first journal. This is a modified breakout strategy which I use on a daily basis, usually on GBPUSD, and set .

These are pre-est at the start of trading usually 6am when I get up.

There are 2 take profit targets. The first TP at 10 pip 1.9788, second 1.9809.

There is a potenital to run another lot at the third profit target but these needs descrationary, as i do not have a perfect target. I will try to add a chart (but havent technically managed to do it yet !)

Both targets taken today

(I wonder if i can use an indicator to call a script to automate these targets -mmmmmmmm)
Last edited by Pervaz : 06-18-2007 at 08:34 AM.
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Old 06-19-2007, 01:01 PM
Nordic12 Nordic12 is offline
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Boxed
Good idea on the boxes and breakout.

Do you have a chart you can show us ?

I cant help on the indicator to EA quesion
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Old 06-19-2007, 01:35 PM
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Kalenzo Kalenzo is offline
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Quote:
Originally Posted by Pervaz
This is my first journal. This is a modified breakout strategy which I use on a daily basis, usually on GBPUSD, and set .

These are pre-est at the start of trading usually 6am when I get up.

There are 2 take profit targets. The first TP at 10 pip 1.9788, second 1.9809.

There is a potenital to run another lot at the third profit target but these needs descrationary, as i do not have a perfect target. I will try to add a chart (but havent technically managed to do it yet !)

Both targets taken today

(I wonder if i can use an indicator to call a script to automate these targets -mmmmmmmm)
Here this should help you a little bit. I just modified one of my indicators to help you with visual backtest of your idea.
Attached Images
File Type: gif visual_backtest.gif (30.7 KB, 254 views)
Attached Files
File Type: mq4 ProfitTargets.mq4 (3.2 KB, 69 views)
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Last edited by Kalenzo : 06-19-2007 at 01:47 PM.
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Old 06-19-2007, 04:23 PM
aelimian aelimian is offline
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Quote:
Originally Posted by Pervaz
This is my first journal. This is a modified breakout strategy which I use on a daily basis, usually on GBPUSD, and set .

These are pre-est at the start of trading usually 6am when I get up.

There are 2 take profit targets. The first TP at 10 pip 1.9788, second 1.9809.

There is a potenital to run another lot at the third profit target but these needs descrationary, as i do not have a perfect target. I will try to add a chart (but havent technically managed to do it yet !)

Both targets taken today

(I wonder if i can use an indicator to call a script to automate these targets -mmmmmmmm)
Please can you explain the strategy in more details.
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Old 06-19-2007, 05:00 PM
ns_karthik ns_karthik is offline
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looks good mate...
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Old 06-19-2007, 07:23 PM
Pervaz Pervaz is offline
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19/6 - 0 Pips - Breakeven
Bit of a lacklustre day

I broke even.

The first TP was not hit (missed by 4 pips) so the breakeven was hit.
The second breakout occurred and hit 2nd TP (25pips)

Total = 0

Im trying to attach aa pic
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Old 06-19-2007, 07:30 PM
dargane dargane is offline
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Is this similar to Darvas Theory
I was just curious. Are you using Darvis Theory? It would be great if someone could create an indicator for MT4. I use it on another stock program I have, but would have no idea how to program it.
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Old 06-19-2007, 07:41 PM
dargane dargane is offline
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Just ran a search
I just ran a search on Darvas and found a thread on Darvas theary. Chack it out and see if it's similar to what you are trying to do.
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Old 06-19-2007, 08:23 PM
Pervaz Pervaz is offline
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Darvas
Hi

Ive not used Darvas boxes - just the high and lows of the previous night of trading to identify the support and resistance.
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Old 06-20-2007, 07:43 AM
Pervaz Pervaz is offline
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Today
HI

I think I need ot change my build (im on 206) and it is really slow for some reason

Todays stats are:

BUY at 1.9888, with a stop at 1.9863, first TP at 1.9898 2nd at 1.9917
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