The "FHR" Trades

[walterw 10]

Todays july 4 we have some nice FHR flips... cheers Walter.

[Don4 10]

Hey walter, looks very nice!!!!!

[phil895 10]

You have 24 hrs to trade and you are limiting yourself to just FSH, what a waste of opportune in my opinion.

 

Phil

[walterw 10]

So far you have the entire London session to trade with this method... and an Asian FHR is in development...

[walterw 10]

Here I found a nice indicator that plots a background of the FHR automatically... the first square its europe first hour of trading, the rest is until US market closes... cheers Walter.

##BreakOut_BOX_5_Asian_Session_HLbox_SCREEN_TEXT_indicator.zip

[walterw 10]

Ok.. on this FHR context I am looking for a posible "trend trade" type setup...

 

I have this Long red average and this other two black and yellow averages, they givea very simple trend definition... Once in the europe session we expect nice moves, we can time entries with this CCi... exits could be handled as much profit possible (ideal scenario) so we can have a nice RRR...

 

 

I attach indicators and template.... I expect comments for optimization... cheers Walter.

New FHR trend Trade.zip

[walterw 10]

Ok... so far at this point of my Forex research I must admit that in terms of FHR trades the best ones have been the flip type setups that happen outside the FHR range (see example below )

 

 

It is a very common pattern that happens just about every day... my struggle so far has been with a precise and at the same time non noise type of timing... I started obviously with CCI`s and lately had been experimenting with some other oscillators...

 

On the examples below I show some examples of FHR flips with timing using an stochastic and a fancy Laguerre oscilator...

 

 

 

So far this is one of the setups I am monitoring... will also share a new bizarre idea on my ideas thread here http://www.traderslaboratory.com/forums/f24/walter-s-first-forex-research-various-1916.html cheers Walter.

[Don4 10]

Hello walter, Sorry i have not been around much,truth is i had a small stroke. Its been taking some time,but I believe it is comming back. Any way something to look at.

 

 

 

 

[walterw 10]

Sorry to hear that Don, and I hope you really get better...

 

Nice charts there, I see you made a 3 hours FHR previous to London open... would you still be looking at the break of this areas ? cheers Walter.

[Don4 10]

Yes walter, something I just started working on im only looking for 10 pips.

[walterw 10]

Yes walter, something I just started working on im only looking for 10 pips.

 

Aha ¡¡... so you would take break of FHR range and target a fixed 10 pip target ?... how will you manage stops ? sounds nice and simple... cheers Walter.

[Don4 10]

I try to play with it some (stops) But seems to be a pretty good system!

[Blu-Ray 10]

Hello walter, Sorry i have not been around much,truth is i had a small stroke. Its been taking some time,but I believe it is comming back. Any way something to look at.

 

 

Hi Don

 

Sorry to hear you've not been too well, I hope you get better and make a full recovery, it's good to have you back.

 

Hope all goes well

 

Blu-Ray

[Don4 10]

Thanks Blu-Ray!

[Don4 10]

Here is another

 

 

 

[walterw 10]

Nice breaks there Don...

[Don4 10]

Thanks walter,here is one from the GBP/USD now this is on the hour chart but you can see how it holds up.

 

 

[walterw 10]

Ok... on that scratch trade July 23... how and when would you take losses.. thanks Walter.

[Don4 10]

What about something like closing the trade after 12:00pm something like this.(this will only work on GBP/USD I have not checked the other ones yet)

 

[walterw 10]

Its clear here Don that we have a good technicall argument : breaking of a very important range ok... on the other side we have a very good statisticall performance with a fixed profit (10 pips)... wich I am very pleased to see such performance and also would love to test at least one year of data... the only component missing here would be how stops will be taken and what degree of tolerance and RRR we would have in order to keep this stats on our favor...

 

the 12 hs suggestion I dont see any edge on it... it will probably keep you out of some very good trades....

 

So making some reflexions here, this system could clean ROCK ¡¡ I think we need a good stop criteria and we are in bussiness here... Nice job Don ¡¡ keep it up man ¡¡ cheers Walter

[Don4 10]

Yes, I agree with you walter.

[Don4 10]

walter, here was the trade today, 19 in a row. Now where should we start as far as stops? There are many ways, hmmm.......

 

[walterw 10]

Hi Don... quite a challenge here... you know I think that we are experimenting a high rate of succesfull days... so I was thinking this ideas :

 

1rst : backtest performance with 15 pips vs 10 pips... see if its still good performance... if its good we would have a 50% + income on the entire ecuation...

 

2nd : establish stops on the oposite extreme of the range (large stop, agressive) or on the 61.8% (less agressive)of the range...

 

3rd : a good (conservative) stop could also be -15 pips and the RRR would actually happen by the + amount of positive days versus negative days...

 

so three alternatives there...

 

All raw ideas here... tell me what you think... cheers Walter.

[Don4 10]

Ok,1 thing I dont know if you noticed or not. Im using a 5 pip cousion(blue) on the graph. I will not enter until it enters 1pip above or below that. But I will look at it.

[walterw 10]

Ok,1 thing I dont know if you noticed or not. Im using a 5 pip cousion(blue) on the graph. I will not enter until it enters 1pip above or below that. But I will look at it.

 

 

Should we test also if that cousion makes breaks more reliable ?