I dont have an opinion on that yet, because I haven`t finished the backtesting. I realise now that I shouldn`t mention any numbers, because I backtested this on the TF I trade from + a buffer that was the most efficient for that TF. It would be good ...

4H Box Breakout

A quick response is this and maybe I`m missing something: is there any advantage in closing and opening new trades and paying the spread every time instead of having 1 entry and locking in more profits as price goes more in your favour? or is it ...

4H Box Breakout

oh my gaaaaaawd, I dont believe this!!! you still dont get it??? dumbbum yes your assumption is right.......alright, alright I should have said BE+29 and the biggest retracement without hitting BE would have stalled at BE+30 and gone ...

4H Box Breakout

I must have had an big off day, that even you Yen with all your intellect cant grasp it........... if we have an entry and the price goes up a considerable amount of pips, I would like to protect a little bit of the profit. so if the retrace goes ...

4H Box Breakout

exactly, so he now takes only 1 trade a week, which was clear from backtesting some-one did. That change also was not yet incorporated in the system by the time Ace left. So sorry guys, I dont think Ace`s changes to the system are earth shattering, ...

4H Box Breakout

feel very humbled with the support in this thread; am not used to it. about Ace.... so he found a system that is 3x as profitable as the old one. what could he have changed? now we know that he is a guy who wont change anything in a hurry and I ...

4H Box Breakout

o.k. folks, I`m just thinking out loud here. I was a bit late to the party, but all those people that got on board early made some nice pips because of the volatility in the world markets and subsequently the forex pair GBP/JPY. What about the ...

4H Box Breakout

Yen, thank you for your vote of confidence....... The humour is really not the issue.....I like it as much as anybody else. So dont stop joking, but you might incorporate it in your trading posts. BUT, if you get it page after page and there is no ...

4H Box Breakout

thank you brotyboy for your kind words. I dont post as much as I would like, `cos I feel the posts concerning the strategy get lost among all the jokers here. I`m sure there will be others that feel the same way. Just get your SL and TP from ...

4H Box Breakout

and what about adding/subtracting 40-50 pips to the closing price and have a 80-100 pips box every week. closing price +/- 50 pips: 143.50; box is 144.00 high and 143.00 low closing price +/- 40 pips: 143.50; box is 143.90 high and 143.10 low so ...

4H Box Breakout

If you use WTR then the 7-WTR is 494 pips. When you enter after a move of 350 pips, then there`s not a hell of a lot left if this week indeed moves 494 pips. But who knows, this week might be a BIG FAT move.

4H Box Breakout

For people who like to use the weekly average true range: 7-WTR = 494 pips (GBP/JPY moved on average 494 pips per week over 7 weeks) set your stop loss for next week, say between 50-70 pips. if up by 50 pips, move stop loss to 20 pips and when it is ...

4H Box Breakout

barbs, are you referring to the numbers mentioned in this thread or did you do your own backtesting? can you provide numbers if you did your own? thanks

4H Box Breakout

billyjoe, I know you haven`t posted a lot, but thank you for your contribution so far; even with these few posts you have done more than most of the posters here. and no, you dont need a EA to backtest this simple strategy and I wouldn`t trust it ...

4H Box Breakout

hello guys, from backtesting Aces` system from 29 March to 21 September as outlined in this thread with 1 trade a week, SL at the other side of the box and SL to BE if TP1 this system would produce 2,229 pips in profit. according to Ace his new ...

4H Box Breakout

well at least you guys wont need a computer and annoy the sane traders here

4H Box Breakout

spoil sport.......no answer aye. correlation maybe with oil and/or other commodities, indices or just support/resistance. for a more regular pay check, wouldn`t S&R be something for you? there was a guy that traded the hourly with a 90% win rate ...

The DIBS Method... No Free Lunch continues

an awesome name for a new thread by Yen and all the other jokers can follow him there. just keep a few good lines here now and then Yen!

4H Box Breakout

In my trading I wont talk about box sizes anymore regarding TP`s and SL. I dont need the box size as my SL and it is also not depending in my view on high or low ATR. In volatile or ranging conditions the initial SL should be the same; not sure yet ...

4H Box Breakout

Backtest 29/03 - 21/09 Am playing around with stop losses and from 26 trading weeks I have 4 full stop losses and 3 partial stop losses. I extended the buffer a little and that kept me in 2 trades with max +95 and +337 instead of 2 losses. The other ...

4H Box Breakout