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Thread: Session breakout

  1. #1

    Default Session breakout

    Hi
    i'n new in this forum
    Firstly thx to everyone for excellent job.
    I observed the market and saw that maybe an ea to catch every session breakout could be profitable.
    I'm sorry if this system seems too simple and maybe it's also old, but as attached pixs of 9 days review (i did 3 days beginning of june, 3 days end of june and 3 days and of july ) no losses
    I used the candle before the last candle of session ending to determine high(H) and low (L) watermarks then wait if price will broke one of these watermarks then trade in same direction (if high go long, if low go short) and timeout will be the end of next session.
    minimum t/p is at least 20 pips but as u can see often is much more so i'd like to know ur suggestions how to catch w ea more pips as possible(i'm not programmer)
    could someone do ea to do more test on this strategy
    thx a lot
    giovanni

  2. #2

    Default session breakout result

    system review
    3/4 june total trade 5 w 332 pips no lose
    26/30 june total trade 5 w 246 pips no lose
    28/30 july total trade 5 w 259 pips no lose
    as s/l could be used the size of high/low watermark
    and i use this indicator for session
    Attached Files Attached Files

  3. #3

    Default Today Session Breakout

    today in demo got 3 trades for a total of 196 pips.
    Could someone help me to do ea to test well this system.
    thx a lot
    Attached Images Attached Images Session breakout-today_breakout-jpg 

  4. #4
    Junior Member
    Join Date
    Jul 2009
    Posts
    1

    Default

    I used the candle before the last candle of session ending to determine high(H) and low (L) watermarks then wait if price will broke one of these watermarks then trade in same direction (if high go long, if low go short) and timeout will be the end of next session.
    minimum t/p is at least 20 pips but as u can see often is much more so i'd like to know ur suggestions how to catch w ea more pips as possible(i'm not programmer)
    could someone do ea to do more test on this strategy
    thx a lot

    What session period u using? H1? D1? or M30?
    And also, u said you follow the next starting candle's direction (if high go long, if low go short)... but i realized that not all you following that rules.
    And, what made you so good in taking profit at the highest point / lowest point?
    For others who seeing this topic, check that picture, and you'll know what am i saying.

    No insult in comment, just want to point out something... please reply...

  5. #5

    Default session breakout result

    Attachment 11703
    Quote Originally Posted by ahj View Post
    I used the candle before the last candle of session ending to determine high(H) and low (L) watermarks then wait if price will broke one of these watermarks then trade in same direction (if high go long, if low go short) and timeout will be the end of next session.
    minimum t/p is at least 20 pips but as u can see often is much more so i'd like to know ur suggestions how to catch w ea more pips as possible(i'm not programmer)
    could someone do ea to do more test on this strategy
    thx a lot

    What session period u using? H1? D1? or M30?
    And also, u said you follow the next starting candle's direction (if high go long, if low go short)... but i realized that not all you following that rules.
    And, what made you so good in taking profit at the highest point / lowest point?
    For others who seeing this topic, check that picture, and you'll know what am i saying.

    No insult in comment, just want to point out something... please reply...
    Hi thx for reply i'm doing this research bcoz seems profitable and if someone can help to do ea maybe we can test long period (it seems profitable now but i didn't extend test for long time) but i'm sorry my english is not perfect so i added some comment w arrow to attached pix
    i wait closing of the candle 1 hour before session will end and then fix high and low watermark then if during next candle price will broken from above to below low watermark then short if price will broken high watermark from below to above then long.
    hope pix will clarify better than my english

    pls be noted i wrote i test this in demo it's not real trade
    br
    Attached Images Attached Images Session breakout-today_breakout-copia-jpg 

  6. #6

    Default research for june 2009

    attached xls file for june 2009
    if we calculate maximum t/p possible total gain is 1704 pips w winning rate of 85%

    and about s/l and t/p should be like following
    1)i tought to use as s/l the value of channel but i saw also we can use a fixed s/l like 20/30 pips

    instead about t/p
    we can set t/p of 100 pips but as we get 20 pips we need to lock this profit and move s/l at this value and if the price will go in trade direction we can move this s/l step by step (5/10 pips)
    Attached Images Attached Images Session breakout-session_rules-jpg 
    Attached Files Attached Files

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100, 100 pips, breakout, candle, channel, closing, demo, high, how to, indicator, low, pips, profit, profitable, programmer, research, review, simple, step by step, system, test

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