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The Thanksgiving holiday may be over but the US dollar has little to be thankful for – it's still struggling against the euro and the yen and is likely to point lower still. But oil is doing well and WTI crude has hit a two-year record.
Squawk / 30 September 2016 at 14:51 GMT
Financial Systems Advisor / Quantitative Investments Inc
Canada
I am outlining the US market open range idea again on EURGBP, will trade it this morning until, I believe we have "fix" coming up in the next 15 minutes, so could cause a spike
1y
Qi2 Qi2
I wonder if we can apply the idea to GBPUSD?
1y
kom75 kom75
Same time?
1y
Qi2 Qi2
Yes, I think its worth trying
1y
Qi2 Qi2
I think its more active than usual due to month end fx fixing
1y
kom75 kom75
I've changed my settings and finally got some pips. I will try them on Monday morning (UK time) to see how it goes. Today's price action was very good, yet I had a to many lossing trades
1y
Qi2 Qi2
I am trying a 5 pip TP and a 5 pip SL, right now down 2 pips, mine is also trading to often, I think I may have to change the ROC to 2:5:1 or greater
1y
kom75 kom75
I have 5sl, but tp is bigger at 20 pips
1y
Qi2 Qi2
My 5 and 5 pip theory is no good, trades to often, however that may be because we had month end fx fixing and London market close. The GBPUSD ROC was much more pronounced than usual..
1y
kom75 kom75
Yes, bit crazy day for me
1y
Qi2 Qi2
Me too, thankful for the USDJPY trades last night and now it is SO quiet, I think I will go make breakfast and start my weekend. I am sure we can learn more next week :)
1y
kom75 kom75
Definitely. I finished for today. Have a good weekend :)
1y
Qi2 Qi2
You too, enjoy your weekend and we will start up again next week :)
1y
Qi2 Qi2
USDJPY played out as always :) I didn't get to trade, I was visiting family, but I like that it ranged well :)
1y
kom75 kom75
First, upside was triggered and hit my sl, then downside was succesfull
1y
Qi2 Qi2
I am watching GBPUSD this morning, going to see if a similar range set up might exist
1y
kom75 kom75
I have 9-10am bst timeframe for gbpusd. Today both breakouts were succesfull
1y
kom75 kom75
Eurgbp on the other side, wasn't even near my tp. I lost 15 pips and 6 out of 9 trades
1y
Qi2 Qi2
I will also draw the 9/10 BST theory on my chart and see if I can rationalize the system, would be great to have an algo that trades this timeframe :)
1y
kom75 kom75
Same timeframe for EURUSD :). And 7-9am bst for both pairs, but I don't use it just read in one of fxtime's articles
1y
fxtime fxtime
Suggest 7-9 range and the 9-10 range settings....both these trades can run independently of each other and still earn even if opposing trades ! My algos often run the same functional price break out but are set at different time stamps. eg the 6 line eurgbp algo runs as three different programmes each day as there are three time stamps utilised to maximise ROC and ROCE.
1y
kom75 kom75
For now I use only 9-10 range because on mt4 i don't have 2hrs candle, but will be easy to change algo to work with 7-9 range. I also use 2 different range for usdjpy for example. I change my settings in 6 lines algo as suggested and is working better, however I need more time to be sure. Also I try 4 different pairs for this algo
1y
kom75 kom75
I just looked at 6 lines algo and today earned some money, so finger crossed. I use 2 stamp points for this algo, I'll try with third one
1y
Qi2 Qi2
I can't keep up with all the algos... I'm still working on the 6 line
1y
kom75 kom75
Qi2, I can send you my settings, maybe will helps. Problem is you have a bit different algo than mine
1y
Qi2 Qi2
Different settings? on which algo? Hard for me to keep up LOL
1y
kom75 kom75
6 line algo
1y
fxtime fxtime
Qi2...I have 30+ algos running and totally agree...sometimes it is hard to keep up especially when one algo may run in three time zones with differing time stamps LOL.
Kom...Interesting you use 4 fx pairings....I have tried that but the only way I could get consistent results was by running it as a matrices so would be interested to hear how you get on with the four.
1y
kom75 kom75
Next week I'll know if it's worth looking at. Couple question fxtime, if you don't mind. do you ran 6 lines algos 24hrs or from European open to let say US open, and then change your time stamp? I'm always confussed with 9pm closing time, so ref candle for std devs is 9-9pm or 10-10pm bst? Thanks

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