sorry Ace/Yen, when I checked my figures Ace still came out on top..........all those charts make you dizzy

4H Box Breakout

no, the most profitable way to trade this system is to close at the end of the week

4H Box Breakout

it amazes me how people change the rules and put money on the line without proper backtesting..... you will never get there without a lot of hard work

4H Box Breakout

daytrading, thank you very much for your explanation and I will look into those 3 areas you mentioned which are profitable. at the moment I`m spending a lot of time backtesting the first 4H of the week BO on G/Y. Petra you might want to look at this ...

Long term Profits within Negative Expectancy

From my figures the second trade was a losing trade as well. On my chart the high was 157.77/low 157.07. Adding the buffer of 20 pips + spread makes the box 158.05 and 156.87. The short was a loss and the long went up to 158.52 before going down to ...

4H Box Breakout

dont you mean: the difference between the day`s high and the low? if not, please explain. thanks

Long term Profits within Negative Expectancy

thanks tony for your reply and I`ll leave you to it. good luck everybody

Fractal Geometry....Trading?

thanks for the effort Ace. so from these figures I understand that the % of winners was the same with BE and without BE. so it never happened that price came back into the box triggering the BE and broke out in the previous direction again, ending ...

4H Box Breakout

thank you mrjtdude and tony for your replies. now this system might be one of several that leads to consistent profits by consistent traders. the thread starter might have made good money in his trading days, but he acknowledges that he is not sure ...

Fractal Geometry....Trading?

hi tony, interesting thoughts you display here. now I wonder about the dot = (H + L + C) : 3 when you traded futures etc, trading was not a 24 hour market and the CLOSE must have been important. forex is a 24 hour market, but should we still place ...

Fractal Geometry....Trading?

TP4 hit — TP4 on GBP/JPY has been hit @ 156.74 for a 516 pips profit......marvellous system

4H Box Breakout

depends on the time frame you`re trading in. for a daily system I would like to go back ten years to see how the system performs in ranging and trending years. while trading a system you will have to adjust occasionally for changing circumstances ie ...

How long should you test a system for?

dont see how you can avoid that sort of stopouts with other settings......there will always be times when price just activate your pending orders and goes the other way for a 50 pip loss. for instance short pending order at 156.59 on June 18th: at ...

4H Box Breakout

I was having a look at droland`s system for the week 15-19 June 2009 manually: if up by 50 pips, move to BE and a 100 pip TSL - if stopped out place a stop order in the same direction 25 pips from the stop price and move stop order to stop price if ...

4H Box Breakout

jtrade, so according to your test of the last year it would be best to enter next week 1 pip above or below the first 4H candle with a stop loss of 70 pips and if up by 40 pips to follow with a 90 pip trailing stop............ so no TP, just let it ...

4H Box Breakout

G550, thank you for all that time you put into the backtesting for us here. now I must say that it is not important that your winning percentage is higher than Ace`s way, because you move your SL to BE. It might well be that the price moves back in ...

4H Box Breakout

thank you guys, will try them out

MT4 demo with broker, starting Sun 17.00 ET

I bet the drawdowns will be considerable less over the long term if you take off half your position at x ATR, place the other half at BE (or maybe not) and let it run. what that means is that you could up your position size substantially without ...

4H Box Breakout