European Breakout Grid Trap Strategy

[DragosDanescu]

I have the intention to write a piece of code for this, as soon as I got a break, it's too mechanical that would be a sacrilege not to be automated.
If any other fellow coder it's faster than me, I'll help as much as I can....

Cheers, Dragos

[garyfritz]

I agree Dragos!

And an EA would let us experiment with things like the ideas I had.

[forextrader-radioman]

Aaaah, yes, that would be nice

[forextrader-radioman]

Hello traders,

back at home after my 12 hours day job

finally the GBPUSD trap, which was set on friday 25th of november, is closed.

Calculation:
Short1 = 5 x -75 = -375 Pips
Short2 = 5 x -90 = -450 Pips

Long1 = 5 x 45 = 225 Pips
Long2 = 5 x 30 = 150 Pips
Long3 = 5 x 15 = 75 Pips

Spread = 25 x 3 = -75 Pips:

Result = 450 Pips loss

We see, it is not good to trade at those days with less volume like last friday, the day after Thanksgiving. The friday after Thanksgiving is 1/2 bank holiday ...

And to keep a trade open over weekends, also not good ... look at the huge GAP! ...

, Dietmar (forextrader-radioman)

[forextrader-radioman]

And here is the EURUSD from today, Monday 28th november. Trap set at 07:00 GMT, which is the Frankfurt opening, one hour before London opening

Calculation:

Long1 = 45 Pips
Long2 = 30 Pips
Long3 = 15 Pips

Spread = 3 x 2 = -6 Pips

Result: 84 Pips

[forextrader-radioman]

... and the GBPUSD from today, Monday 28th november. Trap set at 08:00 GMT, which is the London opening.

Calculation:

Long1 = 45 Pips
Long2 = 30 Pips
Long3 = 15 Pips

Spread = 3 x 3 = -9 Pips

Result: 81 Pips

[forextrader-radioman]

Here the overview ... 1st of November to today ...

and time to go to bed ...

CU tomorrow ..., bye

[Cyrus7]

Thanks for sharing Dietmar! Viele liebe Grüße nach Hamburg!

This looks like a successful system even it was quite a busy morning (max open trades: 13; max. orders: >30)

today's results:
EURUSD: -60 pips
GBPUSD: +90pips
Total: +30 pips

gbpusd.gif

eurusd.gif

Mathias

[forextrader-radioman]

Hy traders

here the EURUSD breakout trap from today, 29th of November, 08:00 GMT at Frankfurt opening, one hour before London opening.

Calculation:

Long1 = (3 x 45) = 135 Pips
Long2 = (3 x 30) = 90 Pips
Long3 = (3 x 15) = 45 Pips

Short1 = -75 Pips
Short2 = -90 Pips

Spread = (11 x 2) = -22 Pips

Result: 83 Pips

[forextrader-radioman]

... and here the GBPUSD breakout trap from today, 29th of November, 09:00 GMT at London opening.

Calculation:

Long1 = 45 Pips
Long2 = 30 Pips
Long3 = 15 Pips

Spread = (3 x 3) = -9 Pips

Result: 81 Pips