Jul
9
2009
9
2009
New 15 Min Breakout Experiment
This week we had a lot of false line breaks in the high and low of most of the currencies for this strategy. From just looking at the charts I saw that by moving the times we trade back or forward we could have avoided most of the false breaks and with the 5 pip buffer would have had none this week.
Two new times:
1000 – 1200 GMT or 1200 – 1400 GMT
One takes pre market hours the other hits it after an hour of the market being open. This way we don’t get affected by the first hour or trading which moves frequently until a trend is hit.
To try the different entry times just go to the NewYorkBox Indicator and change the Box End time to the second line either 1200, 1300 or 1400 GMT it will draw a 2 hour box with this line being the end.

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