FXiGoR DYNAMIC Breakout system on Daily Average Range - page 6
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Ok what do I do with the high and low? A live example would be great
hi Igor
try this may help u.
cheersHi Kamyar,
this a posting I made in aswer on someone who gave the i-paramonworktime.
experiment_bg
The Iparamonworktime is an indicator that I know and that I use.
It has nothing to do with the rules of the D_B_O system. That indicator does not know were it has to change it squares when the price crosses 1/2 of the average daily range and do the same again on the stoploss of the 2nd position.
The indicator that we need has to look to the value of the daily average range that is calculated by the daily range calculator, take half of that range and calculate this from a high or a low and look if price breaks that range and then make AUTOMATICLY a new square and then will do the very same if a trainling stop and reverse position is taken...
For as far as I can see the indicator that you gave is doing the same as the I-paramonworktime. It looks only to the high and low of the different sessions. It does not take these rules of the D_B_O system in calculation.
regards...iGoR
iGor, your results quite stable. Are you just strictly following the rules or you also make decisions to put a trade depending on your experience and knowledge of the market?
results for 5/10/2006
EUR/USD = + 4 pips
USD/CHF = + 6 pips
GBP/USD = + 50 pips
_________________
Total = + 60 pips
Total over 6 days + 530 pips
regards..iGoRvery nice results for cable, the cross I follow
could you post a chart with comments please? The trailing stop is half the daily range correct? The daily range you use is the average of the averages right?
Yep it would be nice to plot visually the levels for the historical past
Here are the results for 10/5/05 based on IBFX data:
GBPUSD:
2006.10.05 12:22 buy stop 1.8873 1.8806
2006.10.05 12:22 sell stop 1.8798 1.8875
2006.10.05 12:31 sell 1.8798 1.8875
2006.10.05 15:02 close 1.8770
+28 pips
USDCHF
2006.10.05 12:42 buy stop 1.2548 1.2479
2006.10.05 12:42 sell stop 1.2487 1.2539
2006.10.05 13:51 buy 1.2548 1.2479
2006.10.05 15:02 close 1.2528
-20 pips
EURUSD
2006.10.05 12:43 buy stop 1.2728 1.2688
2006.10.05 12:43 sell stop 1.2688 1.2728
2006.10.05 12:58 sell 1.2688 1.2728
2006.10.05 15:02 close 1.2690
-2 pips
Here are the results for 10/5/05 based on IBFX data:
GBPUSD:
2006.10.05 12:22 buy stop 1.8873 1.8806
2006.10.05 12:22 sell stop 1.8798 1.8875
2006.10.05 12:31 sell 1.8798 1.8875
2006.10.05 15:02 close 1.8770
+28 pips
USDCHF
2006.10.05 12:42 buy stop 1.2548 1.2479
2006.10.05 12:42 sell stop 1.2487 1.2539
2006.10.05 13:51 buy 1.2548 1.2479
2006.10.05 15:02 close 1.2528
-20 pips
EURUSD
2006.10.05 12:43 buy stop 1.2728 1.2688
2006.10.05 12:43 sell stop 1.2688 1.2728
2006.10.05 12:58 sell 1.2688 1.2728
2006.10.05 15:02 close 1.2690
-2 pipsHow did you get two different prices for say buy stop etc?
How did you get two different prices for say buy stop etc?
Sorry, I should have been clearer... the second number is the stop loss.
results for 5/10/2006
EUR/USD = + 4 pips
USD/CHF = + 6 pips
GBP/USD = + 40 pips
_________________
Total = + 50 pips
Total over 6 days + 520 pips
regards..iGoR
I made a fault in my calculations.
Instead of 50 pips profit for the GBP it was 40 pips.
But important to see is that there can be a lot of difference between 2 different platforms. That is because they take a different daily sepperator time in account. That has an influence on the values of the average daily range calculations.
The a bit of solution to that is beside the platforms that one uses that you install a platform that uses CET time (ex. Alpari).
regards...iGoR
Great system Igor, thanks very much,
An indicator which show graphically the signals lines should be a very great tool i think, dont' you ?