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- ibthescottyb replied Jan 12, 2011
My "initial" targets for 2 and 3 are 200 pips each. But, as I monitor it throughout the day I will move SL along S/R lines to lock in profits as I go. Also, if the price gets near the the 200 pip target, I may remove the TP and just use S/R lines ...
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Jan 12, 2011
Good morning, SL for all 3 orders is the opposite side of the box or 50 Pips or S/R based on the indi I posted. I also look at the other time frames and PA of the last few hours to choose which I think is most reasonable. Hope it helps, ScottyB
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Jan 5, 2011
One thing that I do on my sets, is that I open 3 trades at one time. Through back testing I have found that a 10-15 pip take profit works about 80+% of the time. So order #1 has a TP of 15 pips. When it hits, I move orders 2 and 3 to breakeven +1 ...
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Jan 5, 2011
What I have found helpful is to have a 2nd instance of MT4 running. On that instance, I have 5 charts running 5m, 15m, 1hr, 4hr and daily. On these charts, I have Barry's S/R indi. A very helpful fractal based S/R indi. Hope this helps, ScottyB
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Dec 27, 2010
Hey SLC, Hope you had a happy holiday. Quick question...What do you use to define a trend. Is there an indi that you like or just eyeball it? I've been eyeballing it from the action of the London session with pretty good luck. The trick is not ...
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Nov 20, 2010
TallCoolOne — Hi there, Looks good from the outset. I have a couple questions.. Is there a way to turn TradeLotMult OFF? For whatever reason, this ea takes a very long time to backtest. From I have seen of it has led me to believe that it ...
MARI - My Automated Revenue Invention EA
- ibthescottyb replied Oct 20, 2010
I had mentioned on an earlier post, I use a different EA and strategy, but the EA can be used for the Big Dog. Lookup "A simple London Breakout V.2 or url . GLTA! ScottyB
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Oct 19, 2010
In using the EA, 3 orders are opened. Each with the same SL (opposite side of the box). TP1 is 12 pips, TP2 is 100 pips, TP3 is 200 pips. Now I babysit my trades, so usually I will close orders 2 and 3 manually when a new S/R line forms. I also have ...
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Oct 19, 2010
What I use for SL is the opposite side of the box + 3 pips. As far as other orders go, I prefer to only trade once per session. So once I am in, I don't trade the opposing side. That's just me. Hope it helps :-) ScottyB
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Oct 19, 2010
Disregard last post — Squalou and everyone else, Please disregard my previous post about BE not moving correctly. It was my mistake, I was using a previous setfile that was doing "something" to the EA. When I reset the setfile, the BE seems to ...
A Simple London Breakout V.2
- ibthescottyb replied Oct 18, 2010
Box Times — interestingly enough, I used the EA I mentioned and ran an optimization set and found a box length of 6:30am to 10am EST had the best results for tests going back 1 year. So that is what I am using currently. I am always running ...
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Oct 18, 2010
Hey there! — Hey Mohamed! I'm still around. Been trading the Simple London breakout EA. It works very well for the Big Dog, Just have to optimize the times. I've been running on the Big Dog but have changed the times to start trading at 10am ...
7am-9am Big Dog USD Breakout Strategy
- ibthescottyb replied Oct 18, 2010
Move to BE? Over and over? — Squalou, Hey there! Great works as always. Ran into something during trading I want to run by you. This didnt happen during backtest, (EDIT: It does happen in backtest, I didn't catch it because I didn't look at ...
A Simple London Breakout V.2
- ibthescottyb replied Sep 9, 2010
Good morning all! FXMajors, Alpari UK is GMT +2. My settings are for GMT +3. Simply subtract 1 hour from the start and end times for the box and you should be good to go. GLTA! ScottyB
A Simple London Breakout V.2
- ibthescottyb replied Sep 8, 2010
Backtests go back one year. That seems to be the max I can get with FXDD data. Trading live now. Very good stuff. ScottyB
A Simple London Breakout V.2
- ibthescottyb replied Sep 8, 2010
Thunderball, Welcome. Feel free to check out my post at #639. It shows three pairs that I have narrowed down to be consistantly profitable for me. I time optimized these pairs as I do not have the bank for an effective martingale. Hope it helps, ...
A Simple London Breakout V.2
- ibthescottyb replied Sep 3, 2010
CelticHeart, On JohnnyBSmarts post 587 there is an offset semafore indi that works pretty well. There is also some others out there I am experimenting with. I am finding it useful in not only avoiding bad entries, but when it looks like a breakout ...
A Simple London Breakout V.2
- ibthescottyb replied Sep 3, 2010
Results and settings — Ok, here ya go. These are my backtesting results and settings. I have only run live for the past week and am carrying a 92% winning rate. Had first lost yesterday on GBP false breakout. Thanks to Johnny, I now have added ...
A Simple London Breakout V.2
- ibthescottyb replied Sep 3, 2010
Thanks! — trades 2 and 3 do move to BE after TP1 is hit "IF" the PA allows it. I say that because we all know that MT4 works on a tick by tick basis. Also, It only can send one signal at a time. Let's say we are in a long position. The PA ...
A Simple London Breakout V.2
- ibthescottyb replied Sep 3, 2010
Good stuff on both sides of the fence — Just a note that I have been following this thread from the beginning and see the point of JohnnyB's words. I am using the EA live and am very pleased with the results. Thanks and kudo to Squalou for the ...
A Simple London Breakout V.2