Hourly Breakouts TRO style

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frang0nve
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Hourly Breakouts TRO style

Postby frang0nve » Fri May 28, 2010 8:34 pm

Hello,

I'll post here my trades using part of the idea that TRO disclosed here:

http://kreslik.com/forums/viewtopic.php?p=13167

In TRO words (I underlined the part that I use):


"REMEMBER, THIS IS SCALPING, DO NOT BE GREEDY!!


ALWAYS TRADE WITH H1 CANDLE COLOR


TRADING WITH D1 CANDLE COLOR IS SAFER THAN TRADING AGAINST



ONLY ENTER REVERSAL TRADES ON BAR 4 OR MORE OF A RUN

ONLY ENTER BREAK TRADES ON BAR 2 OF A RUN WHEN PRICE IS AT
THE HIGHEST HIGH OR LOWEST LOW OF THE PREVIOUS 3 BARS


ALWAYS CHECK THE NEWS EVERY HOUR BEFORE TRADING "


Cheers

Francisco

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frang0nve
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Postby frang0nve » Fri May 28, 2010 8:59 pm

Image

1 Red Bar
2 First Blue Bar, High is higher than the 2 previous bars
3 Taking the trade when price broke above the high of the previous bar.

In this trade I was stopped out at +4.9 pips.

Cheers

Francisco

frang0nve
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Postby frang0nve » Sat May 29, 2010 2:55 am

Image

1 Blue Bar
2 First Red Bar, Low is lower than the 2 previous bars
3 Taking the trade when price broke the low of the previous bar.

In this trade I was stopped out at +12.2 pips.

Cheers

Francisco

frang0nve
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Postby frang0nve » Sat May 29, 2010 3:07 am

Image

1 Blue Bar
2 First Red Bar, Low is lower than the 2 previous bars
3 Taking the trade when price broke the low of the previous bar.

In this trade I was stopped out at +3.2 pips.

Cheers

Francisco

frang0nve
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Postby frang0nve » Sat May 29, 2010 3:26 am



1 Blue Bar
2 First Red Bar, Low is lower than the previous bar
3 Taking the trade when price broke the low of the previous bar.

In this trade I was stopped out at +19.9 pips.

EDIT: this trade doesn't fulfill all conditions for the strategy as the break level is not under the low of the tree previous bars... But it worked! :)

Cheers

Francisco
Last edited by frang0nve on Sat May 29, 2010 4:48 pm, edited 1 time in total.

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Postby frang0nve » Sat May 29, 2010 4:13 am

Hello,


TRO was so kind to write this indicator:



But signals 1, 6 (red arrows) and 3, 5 (green arrows) don't respect the restriction:

"...WHEN PRICE IS AT
THE HIGHEST HIGH OR LOWEST LOW OF THE PREVIOUS 3 BARS"

Or I'm missing something?


Cheers

Francisco

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TheRumpledOne
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Postby TheRumpledOne » Sat May 29, 2010 3:36 pm

"...WHEN PRICE IS AT
THE HIGHEST HIGH OR LOWEST LOW OF THE PREVIOUS 3 BARS"

I'll have to add that part.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

frang0nve
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Postby frang0nve » Mon May 31, 2010 10:25 am



1 Blue Bar.
2 First Red Bar, Low is lower than the 2 previous bars.
3 Taking the trade when price broke the low of previous bar.

In this trade I was stopped out at -10 pips.


Cheers

Francisco

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Postby avasfx » Mon May 31, 2010 10:43 am

be careful today - its holiday in US and UK...

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