Thank for the back testing. TP1 at 30 pips is the most profitbale, but would it be profitable to trail as suggested in the original method or would it just be best to take profits a 30 pips fixed?
RiskyFX-M30 System 117 replies
Pulse M5, M15, M30,H1+ 9 replies
EU M30 system 7 replies
M30 Rainbow Madness 23 replies
DislikedHi all,
have been inspired by these breakout systems, which are uncanningly reliable.
I have taken this idea from
"7am-9am Big Dog USD Breakout Strategy" http://www.forexfactory.com/showthread.php?t=103682
& the 0400-0700 GMT breakout strategy http://www.forexfactory.com/t/183582...trategy-1.html.
[color=black][font=Verdana][color=black][font=Verdana]I...Ignored
DislikedLondon opens at 8.00 GMT while probably you are at GMT +1 (CET Central Europen Time - paris time)
But now we are on summer time and so they are +1, so you are GMT+2.
So, according to this thread, you should point at 9/9:30 (CET) candle, that is 8/8:30 london time candle. This is my understanding, hope to be right.
Anyway my backtesting are showing me 8:30 (CET) as a better entry hour for this pair.
regardsIgnored
DislikedBazza mate,
For a good simple strategy like yours there is always one primary thing to do: instead of allowing the price to "choose" which of your orders to hit, you can try to make a choice yourself. What I mean is, you can choose a preferable breakout direction (up or down) beforehand, a direction where you're likely to get higher percentage of being right. It may sound too simple, but Parabolic SAR with default settings (0.02, 0.2) might be on your side. Before 8:00 am GMT, for example, Parabolic SAR, as a rule, already establishes its trend...Ignored