Early Bird catches the worm

[neil]

Another variation of many early morning breakout systems...06.30am UK time

Early Bird catches the Worms..GBPUSD @ Forex Factory

 

[gedward3]

Another variation of many early morning breakout systems...06.30am UK time

Early Bird catches the Worms..GBPUSD @ Forex Factory

Good find Neil, Ive been looking for more info on the Asian Opening Breakouts
since they were mentioned on the GU thread

Ged

 

[BoarDome]

, 6am early enough?

 

[neil]

variety

, 6am early enough?

Yes, they vary from entire overnight Asian ranges ie. 00.00 to 6am or 7am etc. Even saw one working off the midnight bar or 6am bar.

 

[gedward3]

Yes, they vary from entire overnight Asian ranges ie. 00.00 to 6am or 7am etc. Even saw one working off the midnight bar or 6am bar.

Hi Neil,

Did you load this indi up off one of the threads. A little tinker with the times and it
sets up automatically your overnight box to the times you want and gives you the
breakout price either side.

Ged

 

[Dubai]

Hi,

It's proving successful of late, I've finished coding the Ea with some help from a friend. Whilst it's working this year, previous yrs have proved negative equity.

 

[puregold24carat]

Dunno about catching the early worm .....but catch something you will as your risk / reward ratio is less than 1:1

 

[Dubai]

Thankyou for that observation. A wrong one, but thankyou.

R:R is 1:1 at 20/20.

The EA suggests a 45TP and 35SL is optimum.

 

[samnakthong]

Goes anytime from midnight up until 7 am. Usually between 5 and 7. No strat needed the market spends a couple of hours telling you what it's gonna do.