tommy, just to be clear, didn`t you say in an earlier post that you risk 5% of your capital, so wouldn`t that be 5x Grant`s 1%? get the feeling your system is still a work in progress and haven`t worked it all out yet..... keep going. if it were me ...

0400-0700 GMT Breakout Strategy

tommy, your system is better in ranging periods I would say. you`re placing 5% of your capital at risk, Grant only 1%. so if you would spruce up Grant`s system to 5% per trade, can you compare the systems over time with profitability and drawdown? ...

0400-0700 GMT Breakout Strategy

sorry Grant, thought the box was the high/low 04.00-06.00 hrs London time......... will look at earlier posts to see how you draw the box. thanks for pointing that out.

0400-0700 GMT Breakout Strategy

looks like the ema was not in the box on Grant`s chart either

0400-0700 GMT Breakout Strategy

can somebody confirm that with Grant`s method we have from 1-22 April 6L, 3BE and 1W? thanks

0400-0700 GMT Breakout Strategy

yeah

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know that quite a few people mentioned volatility as the driving force of the profitability, but I dont think thats correct. volatility will only determine where your TP will be, not profitability. for profitability you need direction as soon as you ...

0400-0700 GMT Breakout Strategy

for goodness sake, traders dont predict - they just hope for the best

The Quantist

hello folks, I did a manual backtest on January 2010 for Grant`s system and we trade every trading day. If TP nor SL hit, we close out at the end of the day. Stop loss is 15+2 for spread, long and short buffers 5, TP @ 75, no BE and maximum of 4 ...

0400-0700 GMT Breakout Strategy

Tommy, do you only place an order when the 85EMA on the hourly is not in the box? can you give me a percentage of how reliable your EMA is in predicting where the currency will go for the day? thanks btw the direction for the day might not be so ...

0400-0700 GMT Breakout Strategy

Grant, I checked how the 85EMA worked for January to go long or short, although I do realise that 1 month is not enough data, but I would like to hear your thoughts how it performed in the past. I will check the other months of this year as well. I ...

0400-0700 GMT Breakout Strategy

yep, you got it Mike

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hi Mike, you`re confused to read ATR, I`m confused to get a chart up anyway just get a chart up in MT4, click Insert - click Indicators and click on Average True Range. In Parameters type in 20 in Period, click OK and a small window will come up ...

0400-0700 GMT Breakout Strategy

we know that when London wakes up the GBP/USD got to rise or fall 50, 100 or whatever amount of pips. we only dont know which way, up or down and how it gets there. with Grant`s method (thank you Grant) we try it once and not even every day, but ...

0400-0700 GMT Breakout Strategy

did you have a look at Grant`s back test from January to August last year? according to that back test if you go to BE after being up +25 pips you would have a profit of 51% over January/August, but if you leave your stop at -15 pips the profit ...

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I`m going to change TP to 1.3400 for two reasons: 1. today`s low was 1.5267 2. seems to come out of consolidation the daily ATR is at least 130 pips and on top of that coming out of consolidation I would be surpriced if price wont reach 1.3400 if ...

0400-0700 GMT Breakout Strategy

9 April Grant in @ 1.5290 SL 1.5275 TP 1.5365

0400-0700 GMT Breakout Strategy

act, why dont you look up London time on the internet and compare that to Singapore time. if the difference is 7 hours, then you always look at 1pm Singapore time at the range for the last 2 hours and place your order. Until UK winter time. simple

0400-0700 GMT Breakout Strategy

My stop @ 1.3524 had nothing to do with TS II but everything with price often turning around @ .25 my trade was on M30 and my thinking was that 1.3545 was a resistance area twice and could well be a support area now. I`m just trying to learn, so ...

The System III (Oh no!)

thanks feb for the support. did you take a long around 1.3460? got in @ 1.3545, but didn`t wait for the candle to close. should close above 1.3545 I suppose and then enter at the opening of the new candle above 1.3545? might regret it but only a ...

The System III (Oh no!)