NY Break Out - Page 3
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Thread: NY Break Out

  1. #21
    Wonder if it would be wise to start off with some results for x months with the starting egy, and improve from there? Btw, your SL point #8, I assume you mean set the SL at the low of the previous bar (for longs) and the high of the previous bar (for shorts)?

  2. #22
    Hi, guys. Glad to see someone reopen a thread for this method, as I do think it potentially has promise. Vip, do you think it makes sense to add 2-5 pips of cushion to the entries to avoid price action that touches and reverses? Scott

  3. #23
    I, too, was very dissapointed that the thread was closed, but CTGUY must have figured he didn't need the hassle. The same thing happened on another thread I followed. Are you using the same time frame? (Draw vertical line 16:15 GTM time on your Chart.) Is this 16:00 on the Big Dog egy? Still demoing the egy, and really like the New York Box indior that highlights the long and short areas, and gives three profit levels. This is different than your recommendations, and maybe the TP and SL you show could be incorporated into a similar indior? Just so everyone knows, this system was originated using GBP only. It MAY work on other pairs. For that matter, it seems to. But, further testing needs to be done. Also, you're supposed to follow the trend. There are ways to determine the trend, which I'm sure will be a source of discussion as this thread progresses. Hopefully, the originator will visit from time to time?

  4. #24
    Yes just because the Big Dog thread has closed doesn't mean that we can't still progress the system on this thread. I for one am hoping that those who were working on an EA can share it so we can all test and get the best pairs, timings and settings. A few ego's were bruised, nothing more. Let's keep the discussions going. Mike4x.

  5. #25
    Thanks, Guess121, for keeping the basic egy in view. Your slight variation is welcome. Hope that everyone joins in because it was one heck of a stimulating thread - and with so many traders willing to help.

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