Thread: NY Break Out

1 المرفقات مرحبًا ،

!!!Important !!!

A similar thread has been closed because people were being a nuisance and non constructive. I am doing this for me and you, if you think this system does not work, then go else where.

Simple!

Strategy

This is my variation to the System.

تم أخذ الاختلاف من:

7am-9am Big Dog USD Breakout Strategy


https://www.forexdrop.com/cryptocurr...-ea-coded.html

Which has now been closed, but I hope no one minds discussing MY variation to this break out method.

تختلف قواعد صندوق الخروج قليلاً:

1. M15 Chart for a USD pair, e.g GBPUSD.
2. Draw vertical line 07:00 EST time (You need to work this out accordingly to your broker time).
3. Draw vertical line 09:15 EST time (You need to work this out accordingly to your broker time).

For UK, we are 5 hours behind therefore 12:00 and 14:15 - but you still need to work this out according to your broker time.

4. Draw Horizontal line at high of candles/bars between vertical line.
5. Draw Horizontal line at low of candles/bars between vertical line.
6. Place a buy stop at a couple of pips above the high
7. Place a sell stop at a couple of pips below the low

The rules for SL is slightly different:

1. SL - Previous bar to the one that took the trade.


MM and RR

FX هو كل شيء عن MM و RR ، وسيستخدم الجميع MM و RR مختلفين ولن يستخدم الآخرون ذلك.

As an example, what I think works great.

MM
3% of equity

RR
TP1 (half lot) RR = 1:1 (If SL great than 50 pips, then TP1 (full lots) RR = 1:1)

If SL 20 pips or less
TP2 (2nd lot) RR = 1:4

If SL 30 pips or less
TP2 (2nd lot) RR = 1:3

إذا كان SL 40/50 نقطة أو أقل
TP2 (2nd lot) RR = 1:2


نيويورك ارتباك الوقت

You have to make sure that your broker time is offset correctly. So please make sure of this, as above I have stated GMT time and I know different brokers have different times, even here in the UK.

It does take a little working out, so please do take some time in working this out, we cannot hold your hand working out simple things - no offence.

يرجى الاتصال بالوسيط وسؤالهم عن المنطقة الزمنية التي تتواجد فيها ، إذا كنت تتداول بشكل مباشر.

Otherwise try this.

1. تحقق من التوقيت المحلي الخاص بك ، وانظر إلى الساعة على جهاز الكمبيوتر الخاص بك.
2. On your charting platform, on a H1 chart, draw a verticle line on the current bar and see what time your broker is on.
3. Go to
http://www.timeanddate.com/worldclock/ and workout the time.

هذه هي الطريقة التي عملت بها.

Regards,
Vip

https://www.forexdrop.com/cryptocurr...ng-orders.html

أنا فقط أتبل قدمي مع هذا egy - أمسك 16 نقطة مع GBPUSD. أريد إنشاء سجل حافل بهذا. قبل تجربة 5M التي يبدو أن معظمهم انجذب إليها. ص

originally posted by : Post #127, above: Have taken the liberty of adjusting the box in the PANCA indior (2 hours, 14 minutes, and 60 **cking seconds ((A minute has sixty seconds, by the way, lest anyone become militaristically testy.)) to a loion one hour later than posted above, i.e. 8:00-10:00 Eastern Time... since the NYSE actually opens at 9:30, although off-hours trading begins around 8:00 or 8:30 for the general public. (Usually forex starts any NY-session-impelled movement about 30 minutes before the 9:30 opening.) originally posted by : Post #205, above: Box is positioned at 8:00 - 10:00 Eastern Time, and will be necessary to move when NY goes to Standard Time. Believe this is one hour later vs. orig. Big Dog positioning. It looks different than positioning posted above in this thread by me because that broker was GMT 3 and this one, IBFX, is GMT.

When trying to quote post it says the URL entered is an invalid file. Got the URL by clicking on post, e.g. #127, and copying the URL. Also, would like to know how to edit out part of the post being quoted. many thanks,

Originally Posted by ;

I can't believe how people constantly confuse Standard Time (i.e., EST) with Daylight Time (i.e., EDT)

The originator of this system suggests to take H/L of the last and first 1 hour of the market.if you wanna trade the first 2 hours feel free

Originally Posted by ;

I can not believe how people are still confused with timezones...

I can't believe how people constantly confuse Standard Time (i.e., EST) with Daylight Time (i.e., EDT)

مرحبًا يا شباب ، شكرًا على كل شيء ، لقد قمت بتحديث الصفحة الأولى بكل المعلومات ومخطط يوضح كيفية القيام بالتداول. لن أتمكن من الاستمرار في هذا الموضوع بشكل يومي ، لأنني مشغول في الوقت الحالي ، ولكني سأكون هنا من وقت لآخر. التحيات ، VIP

مرحبًا سكوت ، نعم هذا صحيح ، بضع نقاط فوق الوسادة العالية والمنخفضة ، سأضيف صورة إلى الصفحة الأولى تظهر هذا. إذا توقفت ، وانعكس ، فأنت الجانب الآخر بنفس الطريقة. التحيات ، VIP

Originally Posted by ;

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

Originally Posted by ;

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

STOP LOSS There are several options for placing stop losses.Previous Candle - Some traders place their stop loss just under the previous candle. (High - Low)/2 - Some traders place their stop loss at half the distance of the high low box. Opposite End - Some traders place their stop loss at the opposite side of the box. (may be too uncomfortable for some) Set Stop - Some traders have a set stop loss they use for every single trade they place. Where to place the stop depends on how comfortable you are with the idea of the pair hitting your stop loss. Adjustments in your lot sizes can allow you to change your stop loss distance to test out a few other techniques. Example: If you typically like placing a trade of 1.0 lots with a 50 pip stop loss and the box is 100 pips and you want to try that technique of placing your stop at the other side of the box, then place a trade of 0.5 lots with the 100 pip stop loss. If the pair pulls back to hit your stop then you will be out the same amount of money that you typically put at risk.

Originally Posted by ;

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

I suggested a 5-10 pips offset (cushion) in the other thread as a minimum. Pairs tend to test previous highs and lows. Sometimes they break and sometimes they bounce. I would hate to be taken in a trade and the pair bounce. That being said. I have traded breakouts over the years and it does not matter where you set your offset. There will always be a few trades that barely take you in and then reverse to hit your stop loss. I recommend traders have about 3 egies they use since every egy has a time where it will not work well. The other egies will hold you up.