Taking partial profit + BE stop loss would be an answer for such conditions.

4H Box Breakout

What point to back test? It's been done. some turtles still need more proof and indicators

4H Box Breakout

I guess the only logical solution would be to take partial loss as well on 1/2 position...

4H Box Breakout

The problem is we take partial profit when we are right but taking full loss when we are wrong. Something should be done about it.

4H Box Breakout

But Ace wrote in his original rules that spread must be added with long position and not with short cause it is already included, no?

4H Box Breakout

I noticed that spread for long position is missing from these rules. No wonder so many of us forgot to put spread in calculations and lost money. for long position 20 pips + spread.

4H Box Breakout

Yes with this strategy we cannot be choosy. Who knows what week turns a big winner.

4H Box Breakout

The strategy they were given was complete strategy. detailed with position sizing, additions to profitable positions everything. But most of them did not follow. Those who did prospered beyond wildest dreams

4H Box Breakout

Good for you I am busy thinking of another strategy to trade. Intra day. Need some strategy to trade outside of 4H box.

4H Box Breakout

You can PM me too. I have ebook copy of Trading in the Zone and site address where you can download Van Tharpe.

4H Box Breakout

Trading in the Zone, Van Tharpe.

4H Box Breakout

I need no more back testing. The system is very good, but success 90% depends upon trader who trades the strategy. Turtles strategy was also with positive edge, however not all turtles followed rules and not all of them succeeded.

4H Box Breakout

actually, ,when I am calculating FXDD box I always add few more pips. if box is say 150 pips I make it 155. My stop loss was actually triggered by 1-2 pips at BE when I was short. Sly Oanda!

4H Box Breakout

This was my second week. at first week I made box with Oanda slightly bigger than with FXDD and though price went through all box it diod not hit my stop loss and reversed. I think we need to add few more pips plus spread with Oanda.

4H Box Breakout

Thanks Bobcat2, I have done exactly this. But Oanda opens earlier than FXDD and I opened both when the action was already on. Had some problems and forgot about spread.

4H Box Breakout

Yeah, I understand this now. because with Oanda I can open any size I want. Down to $0.01 so, I can control my position size without any problem. The problem is to translate prices from FXDD to Oanda. It looks like 5-10 pips difference and Oanda ...

4H Box Breakout

Danno, could you answer a question. Had you have a position size option with your broker which let you risk no more than 1% per trade even with box of 200 pips, would you trade in this case? I simply understood that the rule to ignore 200 pips boxes ...

4H Box Breakout

Yeah, whole 2002 just 413 pips. From those losing period I only can conclude that risking more than 1-2% of the capital per trade is highly dangerous even with such a good system. We should remember that after losing 50% we gotta trade back 100% to ...

4H Box Breakout

Great work indeed Danno. I wish I had your computer skills.

4H Box Breakout

OK, I have finished testing only January 2005. My idea actually was right. I mean taking partial profit and moving stop to BE. with original rules January loses would be 6%. adding partial taking profit at 1 box and then BE would reduce loss to 5%. ...

4H Box Breakout