1400-1600 GMT USD Breakout Strategy - Page 3

jacoba · #21 (**permalink**) 08-29-2008, 05:23 PM

Quote:

Originally Posted by andee

sometime ago in this forum any breakout strategy that used Asian High and Asian Low to breakout GBPUSD.

i hope this tool can help to backtest the strategy. u just need input what gmt_shift of your broker, and how many day you wanna to backtest.

some mistake with the indicator, Hi & Lo have the same value

dirk · #22 (**permalink**) 08-29-2008, 05:26 PM

Guys i am thinking if we can apply the same on London open.......what do you thing ?

dznmrd · #23 (**permalink**) 08-29-2008, 05:30 PM

Quote:

Originally Posted by dirk

Guys i am thinking if we can apply the same on London open.......what do you thing ?

You can use EURUSD, GBPUSD, GBPJPY, EURJPY, EURCHF & GBPCHF for London Open,

But the biggest market is the US Open market, so u can make more pips on US breakouts.

dznmrd · #24 (**permalink**) 08-29-2008, 05:37 PM

Quote:

Originally Posted by et_phonehome_2

Anything dealing with time is always the biggest issue. This system uses 1400-1600 GMT time, so does that mean if I live in the US East coast, that translate to 10:00AM - 12:00PM? How do you handle those spikes above/below the horizontal line, and drops back between those two lines?

Hi,

1. 1400-1600 is the time on my broker (liteforex.org). you could try using this broker demo.

2. Timezone is 7am-9am NY time.

3. You can shift your stop and break even the trade (Shifting stop to +1pip capture) after it crossed the high or low, that way you can be safe incase it cross back into the horizontal lines.

dznmrd · #25 (**permalink**) 08-29-2008, 05:41 PM

Quote:

Originally Posted by jacoba

some mistake with the indicator, Hi & Lo have the same value

Hi, i noticed this error, you can try using the crosshair in metatrader to find the low/high prices to place your stop entry orders.

dznmrd · #26 (**permalink**) 08-29-2008, 05:42 PM

Quote:

Originally Posted by aelimian

The breakout on your chart is a little above and below the high and low respectively. Are you adding a buffer or just the spread?

Hi, the indicator is displaying the high/low price + the spreads i guess. But you can use the metatrader crosshair to find the real high/low. This indicator is just making your job easier instead of having to draw 4 lines on your chart

andee · #27 (**permalink**) 08-30-2008, 01:00 PM

Quote:

Originally Posted by dznmrd

Hi,

Thanks for this indicator, its works well on my broker with timeshift set at 0.

This is great, don't need to draw the lines, its doing it automatically for me.

Thanks a lot!

thanks that indi work to you..

andee · #28 (**permalink**) 08-30-2008, 01:04 PM

Quote:

Originally Posted by newbestco

Hi Andee,

I just installed your Ant-GU Breakout on Interbankfx, M15 chart of GU.

I found that the numbers n the Hi and Low are same. I also noticed on your chart that the Hi and Low have same numbers.

+ Why aren't they not different, but the same?

+ How many pips above the High, and how many pips below the Low should I place pending Buy stop and Sell stop? And where should I place my stop loss, and profit target?

Thanks for your indicator, it's nice.

Best regards,
James

sorry guys, maybe my mistake, so now i'm not at my desk now. mybe monday i fix it...

thanks

andee · #29 (**permalink**) 08-30-2008, 01:07 PM

Quote:

Originally Posted by dznmrd

Hi, the indicator is displaying the high/low price + the spreads i guess. But you can use the metatrader crosshair to find the real high/low. This indicator is just making your job easier instead of having to draw 4 lines on your chart

yes, it is high/low+spread, but if you guys wanna disable this, just change
use_spread = false.

sorry