1400-1600 GMT USD Breakout Strategy - Page 5

andee · #41 (**permalink**) 08-31-2008, 05:49 PM

Quote:

Originally Posted by newbestco

Hi Andee,

Thanks for your prompt revision of the mistake of your last GU Breakout indicator.

I will forward-test it next week, and will give you the results in 1 or 2 weeks later.

I think because this is a breakout indicator, it may be most suitable to those very volatile ones related to Gbp such as: Gbpusd, Gbpjpy, Eurusd, and Eurjpy, especially Gbpusd and Gbpjpy.

By the way, just to ask you some personal questions as follows:

+ I am using MT4 Platform of FXPro (www.fxpro.com), and I don't know that the server's time of FXPRO's platform based on GMT Time (GMT = 0, -1, -2, or +1, +2, etc ?). Could you or other people please kindly advise me? Thanks.

+ The reason why I use FXPro because I am now trying to trade spot gold, and I intend to use your Breakout Indicator to forward-test the trading of spot gold as well, because during Asian hours, price of spot gold moves very slowly most of the time, but when it comes to European time (from 15:00pm Vietnam time, because my Vietnam time is GMT +7), it moves very fast and more strongly, I think your indicator can be used to test the breakout of spot gold as well.

+ What does it mean "Mulai", "Akhir", and Jumlah_Hari" ? Is this Indonesian language?

I am waiting for your further information and explanations soon.

Thanks and regards,
James

hi...

first, thanks to you.
currently i trade with fxpro too, is GMT+3 that my foxclocks says, (but i'm not trade with this system).

Mulai = start,
Akhir = end,
Jumlah_Hari = number of day you want to display the indicator.

i hope this can help

eagle4x · #42 (**permalink**) 08-31-2008, 09:14 PM

Andee: I added this to my chart, but the indicator doesn't appear - any idea what the problem is?

Quote:

Originally Posted by andee

i found this at my external HD, now hi & lo value. problem fixed.

some information "Jumlah_hari" is how many days you want to backtest.

thanks

andee · #43 (**permalink**) 08-31-2008, 09:50 PM

Quote:

Originally Posted by eagle4x

Andee: I added this to my chart, but the indicator doesn't appear - any idea what the problem is?

sorry brother, but i dont know what the problem, because this indicator work at my metatrader.

if you have problem with my indic, try i-paramont that post by jacoba at http://www.forex-tsd.com/228546-post14.html

thank's

eagle4x · #44 (**permalink**) 09-01-2008, 02:08 AM

It appears to me that if the low or the high occurs at 16:00, then you could be easily whipsawed out for a loss.

From Andee's chart in post #8, considering if actual trades were made using this system - from what I can tell, the 1st trade would have been profitable when the price moved below the low, the 2nd and 4th trades would have been a loss after sell stops hit, but the price then moved higher, and no trade would have occured in the 3rd session since the high or low was not hit.

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.

Berti · #45 (**permalink**) 09-01-2008, 10:01 AM

Hera are the Momms Indikators.

Best Regards

dznmrd · #46 (**permalink**) 09-01-2008, 10:32 AM

Someone messaged me about which pairs these work on and if they would work on London or Tokyo sessions,

My suggestion is EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD are good pairs to run this strategy & USDJPY doesnt work great so do not use that pair.

*YOU CAN ALSO USE THIS ON A USD INDEX CHART, SO YOU CAN SEE WHICH WAY THE USD BREAKOUT*

US open is the largest market compared to london or tokyo, so you wont get much success trying to trade on london/tokyo breakouts (works sometimes but not always).

Its great if you want to take advantage of the news, even news like NFP, cuz they will always happen after the 7-9am NY time, so you can get a early entry on breakout, no need to worry about broker slippage, re-quotes or orders not getting filled due to news breaks.

Good luck and have a great week everyone, and be careful, this week is NFP week.

dznmrd · #47 (**permalink**) 09-01-2008, 12:11 PM

Its Big Dog Time!! Lets see how the market breakout today.

My bet is that it should break on the stronger side for USD which is what everyone obviously expecting. Let us see

et_phonehome_2 · #48 (**permalink**) 09-01-2008, 12:24 PM

The ant-GU Breakout indicator shows the Hi/Lo to be the same value.

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dznmrd · #50 (**permalink**) 09-01-2008, 12:30 PM

Quote:

Originally Posted by et_phonehome_2

The ant-GU Breakout indicator shows the Hi/Lo to be the same value.

Hi Dude, check the previous posts to find the fixxed version