Forex



Go Back   Forex Trading > Discussion Areas > Suggestions for Trading Systems
Forex Forum Register More recent Blogs Calendar Advertising Others Help






Register
Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.

From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.

Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
  • Elite Section
    Get access to private discussions, specialized support, indicators and trading systems reported every week.
  • Advanced Elite Section
    For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
See more

Reply
 
Thread Tools Display Modes
  #71 (permalink)  
Old 09-12-2008, 02:39 PM
Senior Member
 
Join Date: Aug 2008
Location: London
Posts: 138
Limstylz is on a distinguished road
What server time is this set for?

Hi riffster,

Impressive system! Question...

What time zone are you in? I notice that the trillion dollar day indicator is set from 19:50 - 00:05 and 17:30 respectively. This will impact on the amount of potential profit available throughout the day, although the signals look to be correct.

Perhaps to be even more specific, taking your currency pair of GBPJPY, should we not set the indicator to be the open time of JPY at 00:50-5:05 London time and the end of London time 22:30 (which I presume provides a 2hr gap to allow JPY markets to close off the day and prepare for the new)?

Otherwise, please explain why your parameters for the indicator are set for the values mentioned in my first paragraph.

Last edited by Limstylz; 09-12-2008 at 03:12 PM. Reason: checking riffsters time
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #72 (permalink)  
Old 09-12-2008, 03:58 PM
Senior Member
 
Join Date: Aug 2008
Location: London
Posts: 138
Limstylz is on a distinguished road
You are with Crown Forex

Hi riffster,

I think I worked out the answer myself. Your server time is GMT, if you are with CrownFX. That being the case then the following is true:

My broker server is GMT +1, thus I should adjust your values to +1 accordingly.

JPY (Tokyo) opens at 00:00 GMT time

Your breakout high and low is determined by the setting periodA_begin and periodA_end. Thus with your settings you have a 5hr 45 min window to determine breakout values, with 5 mins of that time after Tokyo opens. If the 2 values cross over to a new day, you put a 1 for the bool value in nextday_A.

Your trading window is determined by the value periodB_end. Thus giving you 17hrs to place trades. You place a 1 for the bool value in nextday_B because the values in period_A cross over to a new day.

You allow the market to 'cool off' for the remainder.

Am I correct?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #73 (permalink)  
Old 09-12-2008, 04:26 PM
Senior Member
 
Join Date: Aug 2008
Location: London
Posts: 138
Limstylz is on a distinguished road
Was blind but now I see...

Sorry riffster,

Please ignore previous posts as I had somehow skipped page 2 of this thread where you explain about brokers times.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #74 (permalink)  
Old 09-15-2008, 12:24 AM
riffster's Avatar
Senior Member
 
Join Date: Mar 2007
Location: UTAH, USA
Posts: 325
Blog Entries: 15
riffster is on a distinguished road
Talking No worries...

Quote:
Originally Posted by Limstylz View Post
Sorry riffster,

Please ignore previous posts as I had somehow skipped page 2 of this thread where you explain about brokers times.

I got that question a lot. That's why I hosted the system here:

Old Dog - Breakout

Now all you have to do it open a web page...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #75 (permalink)  
Old 06-11-2009, 02:43 AM
riffster's Avatar
Senior Member
 
Join Date: Mar 2007
Location: UTAH, USA
Posts: 325
Blog Entries: 15
riffster is on a distinguished road
Quick progress update:

Hello all,

I keep getting PM's about this system, so I figured that I would update some stats and answer a few popular questions:

1. Win ratio: From 01.01.08 to 06.10.09 - about 71%
2. Draw down: From 01.01.08 to 06.10.09 - most is 243 pips
3. Winning run: From 01.01.08 to 06.10.09 - most is 387 pips
4. EA?: I tried but EA's don't handle breakout moves very well (i.e. brokers won't fill the orders unless you use a large slippage value). I still prefer to trade this system manually.
5. Source code: All of the indicators and a template are included with the very first post in this thread here.
6. My times don't line up with yours?: Every broker can have a different local/native server setting for the MT4 price data. I use IKON's price feed for the hosted webpage. My template will work with an IKON demo if you can't figure out how to change the time value and/or you and use the hosted webpage here.
7. Filtering trades: Only take trades in the direction of the 60 SMA (i.e. if the 60 SMA is climbing, don't take a short signal and vice versa), also avoid pre-news entries. Remember, you can almost always get a better price if you wait for a pullback.
8. Other pairs?: Probably, but the GBPJPY seems to work the best. I've been watching the GBPCHF and GBPUSD for a few months now and they seem to work well also.

This system remains very consistent. Hopefully everyone is getting the hang of it.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #76 (permalink)  
Old 06-11-2009, 03:23 AM
ahmadfxnewbie's Avatar
Junior Member
 
Join Date: Dec 2008
Location: Earth
Posts: 12
ahmadfxnewbie is on a distinguished road
good share thanks mate
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #77 (permalink)  
Old 06-11-2009, 03:51 PM
riffster's Avatar
Senior Member
 
Join Date: Mar 2007
Location: UTAH, USA
Posts: 325
Blog Entries: 15
riffster is on a distinguished road
Quote:
Originally Posted by ahmadfxnewbie View Post
good share thanks mate
Yep, glad to help... If you demo the system, please share your results. Feedback is always nice...

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #78 (permalink)  
Old 06-16-2009, 07:57 PM
riffster's Avatar
Senior Member
 
Join Date: Mar 2007
Location: UTAH, USA
Posts: 325
Blog Entries: 15
riffster is on a distinguished road
Indicator Time Settings...

Hello all,

I keep getting questions about the setting up the Time Zones (boxes). I know it can be confusion, so if the template doesn't work with your MT4 broker try this:

Open up the webpage here

Then just adjust the indicator settings until your chart looks the same as the web page.

Hopefully that helps...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #79 (permalink)  
Old 07-02-2009, 08:10 AM
Junior Member
 
Join Date: Jun 2009
Posts: 3
coldbreeze is on a distinguished road
Is the value of this system in the channels or the filters you apply?..

Hi riffster,

I have tested this approach both manually and in strategy. I implemented the latter in MQL4 (MetaTrader 4 language) out of curiosity as I use similar breakout models. To cut the story short: In the manual trading where I applied my subjective view on the direction of the trend based on the SMA, the win ratio averaged 65% with 50+ pips average weekly profit.

The automatic strategy, however, failed miserably. I have thoroughly tested it and the "raw" signals (i.e. before the discretionary filter is applied) matched those in the manual trading, so the implementation is fine.

I fear that the value of the strategy you have described comes from the filter and not from the magic breakout boxes which is a shame -- they look good!

Having said that, I am happy to work with you to fix the automated strategy if you are interested.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #80 (permalink)  
Old 07-02-2009, 09:49 AM
Junior Member
 
Join Date: Mar 2009
Posts: 24
jfeder is on a distinguished road
Quote:
Originally Posted by coldbreeze View Post
Hi riffster,

I have tested this approach both manually and in strategy. I implemented the latter in MQL4 (MetaTrader 4 language) out of curiosity as I use similar breakout models. To cut the story short: In the manual trading where I applied my subjective view on the direction of the trend based on the SMA, the win ratio averaged 65% with 50+ pips average weekly profit.

The automatic strategy, however, failed miserably. I have thoroughly tested it and the "raw" signals (i.e. before the discretionary filter is applied) matched those in the manual trading, so the implementation is fine.

I fear that the value of the strategy you have described comes from the filter and not from the magic breakout boxes which is a shame -- they look good!

Having said that, I am happy to work with you to fix the automated strategy if you are interested.
It would be nice if the automated could get fixed, because this really seems like a nice idea.
__________________
Forex News - latest news and strategies from the forex world
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
Reply

Bookmarks

Tags
forex


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump


All times are GMT. The time now is 11:26 PM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.