USDJPY - 100 Pips Set and Forget Strategy - Apiary Fund

6/19/2019 USDJPY 100 Pips Set and Forget Strategy | Apiary Fund
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USDJPY 100 Pips Set and Forget
Strategy

Martin R
I am UK based, so actively trade the whole London session but have been
using this strategy on the USDJPY overnight before I started with Apiary
Fund and it has around a 70% win rate.
W hen the New York market closes pull up a 1H chart of the USDJPY and
determine the High and Low of the last 24 Hours.
I trade this Monday night to Thursday night provided the 24 Hour range is
150 pips or less
Set up 3 Buy orders
Order 1
Entry : High +7 pips
Stop Loss : 25 pips
Take Profit : 15 pips
Order 2
https://apiaryfund.com/forum/usdjpy100pipssetandforgetstrategy 1/32
Order 2
Stop Loss : 25 pips
Order 3
Stop Loss : 25 pips
Set up 3 Sell orders
Order 1
Entry : Low 7 pips
Stop Loss : 25 pips
Order 2
Entry : Low 7 pips
Stop Loss : 25 pips
Order 3
Entry : Low 7 pips
Stop Loss : 25 pips
There are 4 scenarios
1 All 3 take profit targets are reached you make 100 pips : 15+35+50 pips
2 Only 2 take profit targets are reached you make 25 pips : 15+3525 pips
3 Only 1 take profit target is reached you lose 35 pips : 152525 pips
4 No take profit targets are reached you lose 75 pips : 25 2525 pips
(happens very rarely)
Next morning when I look at the charts just prior to London open if the High
or Low trades have triggered I cancel the opposite orders. I am in the
fortunate position that I can manage the open trades so can often avoid
taking the loses in scenarios 3 and 4.
I have not tested adding in trailing stops which may be an option as that
would mean the following
Only 2 take profit targets are reached you make at least 60 pips :
15+35+10 pips
Only 1 take profit target is reached worst case you lose 5 pips : 151010
pips but could well be a small profit
No take profit targets are reached worst case you lose 75 pips but could
be reduced as the stops may have moved
Happy Trading
Tue, 03/07/2017 8:35am

paultrineman Hi
I like the sound of this. Only problem for me will be staying awake until
10pm! Have you tried it with other pairs or just USD/JPY?
If nothing else it will give my lap top a break from me swearing at it!
Thanks for sharing
Thanks for sharing
Paul T
Tue, 03/07/2017 10:30am

Godlove N I am from Cameroon, West Africa and I have almost the same time zone with
the UK time zone, I am gonna try this set and forget strategy out.
Big thanks.
Tue, 03/07/2017 1:19pm
tom.langkamp Thanks for sharing. Love the detail!
Question, however, isn't it at least possible that you could lose 150 pips? You
could get triggered into your longs and then have price reverse. Then, get
triggered into your shorts and have price reverse again. May be rare, but it
could happen, right?
How many nights so far have you employed this strategy? Have you
calculated the expectancy of your trades?
Sounds like a reasonable strategy. May play with this in a simulation account
for a while. Thanks again for sharing! Tom.
Tue, 03/07/2017 1:33pm

danskene Thanks for sharing. Interesting strategy.
Tue, 03/07/2017 1:41pm
jamesfr Thanks for this will give it a blast as I too trade the London and NY sessions
Never been a fan of overnight trades but if those stats hold true it will be a
nice edition
Plus I can check them at 04:30 as the cat always wakes me up then
Tue, 03/07/2017 2:10pm

jamesfr I would imagine Tom is correct about the possibility of losing 150 pips
Tue, 03/07/2017 2:15pm
Martin R Hi all thanks for your comments
I have been using this strategy for almost 3 years and never been triggered
I have been using this strategy for almost 3 years and never been triggered
into both buy and sell orders overnight with both being stopped out without
a win, but there is always a first time. I have found that as I do not put on
my first set of trades until Monday night the market has had all of both a
London and New York session to decide on a direction. In addition as I start
to manage the trades just prior to the London open I am able to reduce any
loses by manually closing losing trades
I often find that around 20.00 GMT the high and low of the day are already
defined and that I can put my set of trades on earlier than the New York
close.
I have not done detailed analysis on the results I have obtained against each
of the 4 scenarios
I only use it on the USDJPY, there is a video in the Apiary training that talks
about best times to trade which pair and USDJPY is mentioned as one to
trade in the Tokyo session which is when this strategy is running. There is
also the EURJPY but I have never tried it because that is just the USDJPY
price * EURUSD price and usually the EURUSD is just moving sideways. As
for the GBPJPY spreads are bigger so I would not consider that
W hat I find really nice is to wake up in the morning to find I have made or
well on the way to making 100 pips as there has been some Asian news
event or the BOJ have played their games causing the USDJPY to make a nice
expansion as all this is in reality is a daily breakout strategy
Hope that answers all your questions
Wed, 03/08/2017 9:01am

csilla.karajz I really like this strategy, specially because I live in the UK too and I was
looking for an overnight trading possibility, so this sounds perfect to me! :)
Plus I like and trade the USD/JPY pair regularly, so I will definitely give this
strategy a try. Thank you very much for sharing! You must have made a nice
profit today with all the good USD news! :)
Wed, 03/08/2017 10:42am

jamesfr Tonight might be a good play on this one with the USD strength and JPY
weakness today
Wed, 03/08/2017 11:23am
Godlove N I Really like this strategy but as you mention placing the buy and sell stop +7
and 7 above and below the highs of the day respectively. The only problem
is should the orders be places above and below the consolidation box of the
New York Closing toward the Tokyo open or Still at the highs and the lows of
the day because some times I fine this highs and low really a distant or pips
away.
Wed, 03/08/2017 6:51pm

Olive Wow, that sounds interesting. Thank you for your contribution to helping
Olive Wow, that sounds interesting. Thank you for your contribution to helping
your fellow bees. I hope I'll be able to return the favor in the near future.
Wed, 03/08/2017 8:28pm
scottakjar One of the interesting things about trading currencies and having folks
around the world is that everyone has a different idea of "overnight." W hen I
first read the rules, I thought it was a Steve Perrytype trade which is
overnight for those of us in the US. But instead, this is during my afternoon
and evening, which works out great I often struggle to find trades after NY
closes since the market slows so much during Asia. Having a setitand
forgetit trade during this period is wonderful since it lets me set up some
trades and then go on about the rest of my life.
I look forward to trying this. Thanks ma.
Wed, 03/08/2017 8:42pm

scottakjar OK, I traded this yesterday for the first time. I can see why it would be
unusual to trigger on both the long and short positions which was the
concern of some people on this list. It would have to be a range wider than
the previous day's entire range, plus 7 pips on each side. So while it can
trigger both ways, that would be a pretty big swing within the Asian range,
which is normally the smallest range (compared to London and New York).
You said it is successful 70%, but you did not indicate how often it triggers.
Since you skip Sunday night (so that both NY and London have had a full
trading day before you enter), you set this up 4 times per week. Of those 4
nights, does it normally trigger about once? I can't imagine the Asian range
getting outside the previous 24hourrange more often than that. So 70%
once per week would be about 23 winning nights per month, 12 losing
night, and 1015 nights with no entry? Is that about your frequency?
This looks interesting, and I want to be sure I have my expectations correct
on this trade as I begin tracking it.
Thu, 03/09/2017 11:08am

Martin R Hi all thanks for your comments.
This strategy is what I would call a 'bolt on strategy', being UK based it runs
while I am sleeping and I use it to catch those moves that happen during the
Tokyo session on the USDJPY and when it triggers it is nice to wake up to
some +ve pips to start the day. Often it has not triggered when I check the
charts prior to London opening and as I trade off the 1H charts during the
London session, more often than not I delete the pending orders as there
are setups I can get in on at a much better price.
As I have said I still have to try using trailing stops to see if that helps
scottakjar you are about right with the frequency
Happy trading
Thu, 03/09/2017 2:17pm
Thu, 03/09/2017 2:17pm

BC momentum This is an excellent and well thought out Strategy.
I use a slight derivation to your strategy. I use the 30min chart (MT4) to do
my analyzing. Then I look to see if the pair is in a buy zone or a sell zone.
Entry is based off the HMA indicator (momentum direction). I buy in that
direction. Using this rationale trade success can exceed 65%.
Note: As price approaches the mean moving average look for a reversal
Chart is attached showing the 17:00 time for three days in February
Thu, 03/09/2017 4:46pm

scottakjar As I set this up today (Thu Mar 9 10pm GMT), I see that the high of the 24
hour period is pretty much staring me in the face. In this instance, do you
set your entry farther than 7 pips, to avoid being triggered and reversed?Or
do you enter at the same 7 pips, expect to get triggered, and accept the risk
of a reversal?
Thu, 03/09/2017 7:28pm

BC momentum Here is my 30 min chart and how I evaluated it. Price is in an uptrend and the
price has pulled above HMA i.e. aggressive uptrend. My automatic reaction at
17:00 is BUY... . . . .no hesitation. Note: you will see a blue horizontal and
red dotted line at 17:00 Blue is the daily pivot line and the red dotted line is
the R1 ( first daily resistance line) As would be expected the price wobbled at
the R1 line and then broke out above. It is already 20 pips above the
resistance line.
Thu, 03/09/2017 8:13pm

BC momentum To understand the daily resistance line R1, I am attaching a 5 min chart. The
price hit it, pulled back then to a prior support line and then because of the
uptrend, it took off breaking through resistance.
Note: my entry point occurred at 14:35 hours when the price set on a new
support line. From that entry trade is up 35 pips
Thu, 03/09/2017 8:53pm

BC momentum One more 5min chart, This is an excellent example of price action
support/resistance lines. ( green horizontal)
Thu, 03/09/2017 8:08pm
jwalker USD/JPY is one of my favorites, I'll give these strategies a try, thanks m.a.
Thu, 03/09/2017 9:22pm
noyesshawn2000 sounds like a good strategy for one of the silver 2 goals of 50 plus pips
Thu, 03/09/2017 10:43pm
JQ I'm going to try this. I need some bread and butter set ups.
Fri, 03/10/2017 2:50am
jamesfr Should be a 100 pip day when you wake ,first 2 are in profit and the 3rd, 50
pip target will be along shortly
I suppose yesterday was the ideal setup with a nice steady trend and a close
up before the close,the day before had a 50 pip retrace before the close
meaning that would have had to be made up before any trade was triggered
then another 50 pips on top to reach all 3 targets
Even if you get 1 trigger a week ,it's a nice addition,thanks again for posting
Fri, 03/10/2017 3:20am

Martin R jamesfr as you say last night was an ideal setup.
I put my orders on around 21.00 GMT last night and woke up to a nice
profit, if price is near the high/low of the day when I am putting my orders on
I just put the orders on. As I have said this is a 'bolt on strategy' so do not
just put it on every night regardless, I use it when the USDJPY is trending
and stand aside if it has been consolidating.
Fri, 03/10/2017 4:49am

BC momentum ma. reeves and james are correct. My 15 min chart confirms the strategy
Fri, 03/10/2017 6:32am
scottakjar I successfully used this last night (Thursday afternoon Pacific Time) for 48.9
pips profit. The 15pip target hit and exited. The 35pip and 50pip target
did not hit before the London Open, and the chart was in consolidation, so I
closed both of them at 16.7 pips each. If I were awake during the London
session, I would probably have left them open and watched for further
breakout, but since that is overnight for me, I took my profits off the table.
So far, it seems to work just as ma.reeves suggested. I have now set it up
twice, it triggered once, for a nice profit.
Thanks for sharing this great trade, ma.reeves.
Fri, 03/10/2017 12:38pm

danjsilve Thanks M, A Reeves, and the others for their good follow up questions. I am
also UK based just reached Silver 1, so this looks like it will help some of the
do list for this level. Already copied and pasted on a word document, so I
have it to hand when I try it next Monday night.
Cheers
Dan S
Fri, 03/10/2017 3:05pm

jamesfr could be an early break to the upside tonight
Mon, 03/13/2017 5:08pm
BC momentum error
Mon, 03/13/2017 8:13pm
BC momentum error
Mon, 03/13/2017 8:14pm
BC momentum Right now the price is still ranging to me. Price set support on the weekly
(green) and daily (blue) Pivot lines and now it is at the daily R1 line. Also the
price is at a resistance line from 9 March.
My preference is a pullback to support ( blue daily Pivot) Then I have a nice
setup for the evening. BUT, It is possible that the price could move sideways
and then breaks out. For now it is on my watch list.
shown is my 15 min chart
Mon, 03/13/2017 8:08pm

BC momentum I am in. 40 Pip TP and 20 Pip SL.
Mon, 03/13/2017 9:50pm
danjsilve Just tried this for the first time. TP1 closed for 15 points on the Buy side, I
closed the other 2 at plus 5 and 4 pips at around 8.30am.I overslept, had I
been up earlier, I may have closed earlier for more profit. But for a fist
attempt of 24.80 pips. I am happy. I will try 0.2 lot size next time as 150
dollars possible loss is within my 2% drawdown.
Tue, 03/14/2017 5:30am

roedet Thanks for sharing, sounds intrestring.
Tue, 03/14/2017 5:46am
caron.trading.alerts SUCCESSFUL 150 PIP FIRST TEST OF THIS STRATEGY:
I trade EURUSD, GBPUSD, USDCAD, and USDJPY, and was wondering if this
strategy makes sense with pairs besides USDJPY.
I looked at the typical up and down ranges for each pair, and found that for
the last 150 days, the median daily up and down moves are:
EURUSD – UP 35, DOW N 30
GBPUSD – UP 40, DOW N 52
USDCAD – UP 47, DOW N 31
USDJPY – UP 52, DOW N 39
"Median" means that half of the time, the daily move is more than this
number, and half of the time less. Because you can have a huge directional
move, but a nonmove is limited to 0 pips, the average moves are greater
than the medians, usually 2040% more.
So it looks like GBP is as volatile as JPY, though EUR and CAD are not too far
behind.
SO last night I set up trades against all four pairs in two different Simulation
accounts: in one account I put firm 25 pip stop losses, and trailing 25pip
stop losses in the other.
This morning, all four had triggered. I had already banked 137 pips in both
the trailing and nontrailing accounts.
The GBP had blown through the 50 pips on the Sell contracts, and both the
EUR Sell and JPY Buy had banked the 15 pip wins plus favorable slippage.
The CAD Buy was slightly red.
Interestingly, the trailing stops failed to trail in a couple of cases – the JPY
pair had gone up 16 pips to take the profit, which should have moved the
trailing stop to 9, for about a 3 pip total loss on that deal. But the stops
were still 25 pips below open, so the 35 and 50 pip trades were still open at
13 pips each, but headed back toward profit before long.
I have left all the open trades open, and so far could have flattened for a
total 30 pip loss at worst, or when every pair moved in my direction, about a
20 pip gain.
I'm going to watch and see how it plays out, in both trailing and nontrailing
accounts.
Tue, 03/14/2017 9:38am

scottakjar I was just starting to wonder whether AUD and NZD might also be good for
this time period.
Tue, 03/14/2017 10:22am
BC momentum Caron
I totally agree with you. This thread has opened a who new vista on what is
possible. I think that we are just beginning to see what can be achieved. I am
really looking forward to what is coming.
p.s. I even tried it on the USD/MXN (demo) ......... whew! . . what as rush
Tue, 03/14/2017 12:28pm

caron.trading.alerts Given that the purpose of placing the 15/35/50 TPs is to catch a runup, I
think that the TRAILING stop loss is better.
REASON: During a runup, you have a series of higher highs and HIGHER
LOW S. Though you might have a small test of a recent low, the idea that you
will be up say 20 pips and take out the 15 TP, and then drop 24 pips below
your Open, and then shoot up 35 PLUS the 24 you're now down doesn't
conform to a runup. (From my research, it seems like the vast majority of
drawdowns during a significant runup are in the 15 pip range, plus or
minus.)
In other words, if you took out a TP and now you're 40 pips down from
there, your runup has stalled, and you're simply hoping that another one
will happen before you get stopped out.
So with the Trailing S/L positions, I kept moving the S/L to a couple of pips
away from the swing high (on a Sell) or low (on a Buy), and I ended up + 98
pips in that account.
In the fixed S/L at 25 pips, the USDCAD took a sudden dive and I got
burned for 3 X 26 pips, and liquidated the 2 final EURUSDs for a gain of 1.24
pips each. That account netted + 28 pips.
I will continue the parallel tests (fixed vs. trailing S/Ls) but logic tells me
Trailing is the smarter way to go.
Tue, 03/14/2017 12:50pm

hakchinoy Jeff has taught a similar technique.
For the trailing SL to be effective, it has to be a little larger than the drop
back rate.
Tue, 03/14/2017 1:19pm
caron.trading.alerts Yes. It looks to me like most pullbacks/dropbacks during an ongoing short
term trend (few hours) are under 20 pips.
Tue, 03/14/2017 2:46pm
hakchinoy Actually, dropback rate measures the amount of pips that the current candle
will retrace within the true range of the previous candle, before making its net
move (up or down [in the direction of the trend]).
Additionally, please keep in mind that volatility differs for every pair also
depending upon the TOD.
Tue, 03/14/2017 5:30pm

hotwings007 Thanks for sharing ma.reeves. I like this strategy will give it a go for a couple
of weeks and let you know how it went.
Tue, 03/14/2017 11:10pm
R2D2 Thanks ma.reeves! These are great advices. I will try to practice similar
approaches. Have a good one, R2D2
Wed, 03/15/2017 10:05am
caron.trading.alerts TEST RESULTS: Ma.Reeves 100 Pip Set It and Forget It Strategy – So far, 42
pips / day
=======================================================
I have traded this strategy (with some minor mods) for three nights/days
and the results have been very encouraging:
Ten deals have been triggered (2, 4 and 4)
70% of the deals are net winners, as Ma.Reeves said (Interestingly, 70%
of the 30 trades (21) have also been winners.)
1 was a total winner (+15/35/50) and 1 was a total loser (25x3), with the
remaining eight ranging from 23.10 to +39.40 pips
Cumulative net pips of 125, for an expected payout of 12.5 pips per deal,
or ~42 pips per day
Using a Trailing Stop Loss doubles your expected payout over a fixed 25
pips below entry Stop Loss
Here are my modifications:
1) Ma.Reeves uses it on USDJPY only.
– I use it on EURUSD, GBPUSD and USDCAD as well.
– Of the ten deals I have done, only 2 have been JPY
–––> Ironically, both of the JPY deals have been losers (21 and 78)
–––> Two CAD deals (+19, 21)
–––> Three GBP (+12, +107, +21)
–––> Thre EUR (+17, +28, +36)
–––––––– It is too early to draw any conclusions on profitability of individual
pairs
2) Ma.Reeves sets up trades after NY close for overnight action, and next
morning kills the side that didn't activate
– I have at times left opposite side orders open in case the market moves
the other way, and made profits on EUR on both ends within the same day.
However, most of the trades occur overnight.
3) Ma.Reeves sets his Buy triggers at 24hr High +7 pips and Sell triggers at
24hr Low 7 pips.
– HOW EVER, if during the day there has been a huge move in one direction
(example: the current price is 20 pips above the low but 70 below the high), I
feel there is significant action that can be captured between current market
and the distant high, so I will set the Buy trigger at current market + 20
pips, hoping to capture the real estate up to the resistance.
– The one total winner I had was NOT captured this way, but using
Ma.Reeve's Hi/Low +/7 strategy.
NOTE: I am finding that the Trailing Stop Loss is sometimes unreliable. W hile
it usually works fine, every once in a while it fails, and usually against you.
For example, I have one deal where the stop losses triggered on only two of
the three trades, for 6 pips each. I had to manually kill the third one at 12
pips. It's also a little weird to trigger for a 6 pip loss, which would suggest
reversal from a 19pip gain, which should have triggered the 15 pip Take
Profit.
Another time, I hit the 15 and 35 pip targets, but fell just short of the 50.
The trailing 25 stop should have got me out with a +15 to 20 pip win, but
instead I ate a 29 pip loss! This was not due to a sudden crash: The stop
loss triggered hours after it should have, having crossed what should have
been the trailing stop multiple times – and also crossing the 25 initial stop
three or four times before exiting on a deep crash. Hmmm.
We'll see how this cortinues!
Jim
Wed, 03/15/2017 12:41pm

fxskydiver Excellent strategy! I'm looking for more of these "set it and forget" trade
setups, that have high probability but very low maintenance. I just hit my
prefund account using one simple set and forget strategy so would love to
add one more to the mix! W ill give this a try on my nonapiary account to
see if it works!
Thanks!
Wed, 03/15/2017 6:26pm

fxskydiver Excellent strategy! I'm looking for more of these "set it and forget" trade
setups, that have high probability but very low maintenance. I just his my
prefund account using one simple set and forget strategy so would love to
add one more to the mix! W ill give this a try on my nonapiary account to
see if it works!
Thanks!
Wed, 03/15/2017 12:33pm

scottakjar Caron, I had a similar problem with trailing stops for a while.
Your stop loss issue might be a computer sleep issue. The Trailing Stop lives
on your computer, not on the Apiary Server. W hen you first place a trade,
the TP and SL are sent to the market. However, because Trailing Stop is
dynamic, it requires your computer to update the Apiary Server as the price
moves.
So if you close Alveo, shut down your computer, or let your computer sleep,
your Trailing Stop does not update and the last SL that was communicated
to the server is your SL. Once you reopen Alveo or boot up your computer
again, it updates the Trailing Stop and takes you out of the market, if you are
past the TSL trigger.
Make sure you set your Computer to NEVER SLEEP in order to keep your
trailing stops active.
Mon, 03/20/2017 6:40pm
Mon, 03/20/2017 6:40pm

fxskydiver Triggered in and triggered out just now for a 75 pip loss... that's a bummer.
Mon, 03/20/2017 9:41pm
olhickory2000 Bummerrrrrrr......Been there done worse!!!!!
.
Mon, 03/20/2017 9:45pm
scottakjar Yeah, I got creamed on this tonight. I hit stop losses on 3 pairs for 200
pips. OUCH! They all just touched my entry and then turned and headed
straight to the Stop Loss.
fxskydiver, what's your other setitandforgetit strategy? I need more of
these types of trades, because my judgment on entries and exits is suspect!
Mon, 03/20/2017 11:54pm

BC momentum Before I enter I look for support or resistance using the Hull moving average.
In the attached example GBPCAD 5 min chart the price had moved sideways
and the Hma switch to an uptrend. ( 2 hrs after the NY close ) I place a buy
stop above the highs of the the NY close and then target the daily R1
resistance line. A trailing stop could also be used for the case when price
breaks through the R1 line.
Note: I always look at the 1hr chart to determine the 1 hr trend. In this case
price consolidated then retraced back to the 1.64886 support line before
rising.

Tue, 03/21/2017 6:15am

tkbk593 Just wanted to say thanks for sharing this.
I have tried it for a few weeks now with pretty good results when I got
triggered in. Was curious to see if Caron had more test results to share? I
would certainly like to find a few more set and forget strategies.
The trailing stop did save me but you have to have your computer sleep
settings set right!
Wed, 03/22/2017 12:16am

max888loan I should try this strategy word by word since it said it is 70% win rate, but
for 3 years never triggered into a lost basically means it is almost 100% win
rate strategy. However, the setting of overnight is simply means a strategy of
rate strategy. However, the setting of overnight is simply means a strategy of
h4 to h7, that's a bit longer time from the m15 I am trading.
But anyway it is very good to fit my sandbox.
Wed, 03/22/2017 9:57am

Andy Adami Thanks for this strategy. I'll have a closer look.
Wed, 03/22/2017 12:11pm
BC momentum Here is a beautiful example of the breakout on the EURAUD 5 April 2017.
This was on the 15 min chart with entry at the close of the bullish engulfing
candle
Run picked up 70+ pips
Thu, 04/06/2017 8:34pm

BC momentum Another example of a breakout on the 15 min chart for the GBPAUD 5 April
2017. This run was also worth 70+ pips
Thu, 04/06/2017 9:30pm
scottakjar max, you misunderstood the issue about 3 years and losses. He did not say
he had never had a loss in 3 years.
The question involved whether he might get triggered into both a bullish
trade and a bearish trade, and suffer total loss on both trades due to heavy
whipsaw. That would be the worst case scenario since it would be a 150 pip
loss: 25 pips loss x 3 buillish trades, plus 25 pips loss x 3 bearish trades =
150 pips total loss.
He said that in 3 years, he had never been triggered into trades in both
direction and then suffered total losses on both sides.
Thu, 04/06/2017 11:06pm

jrh Thanks for all your inputs and the creative & proactive crosspollination of
ideas.
I will be sure to try this concept, setting some of my own rules and give you
feedback on the outcome.
John
Mon, 04/10/2017 12:11pm

danjsilve I didn't get on well with this one a couple of weeks ago. It lost twice for me in
one week. It would good to see historic results, If somebody kept a record,
one week. It would good to see historic results, If somebody kept a record,
rather than just looking over the historical charts myself, as very time
consuming.
Cheers
Dan ( UK )
Mon, 04/10/2017 12:49pm

BC momentum Here is my trade for 10 April 2017 8:44pm EDT. GBPNZD 15 min chart
My TP is at R1 of the daily pivot. i.e. 23pips and the SL is 23 pips down at
daily Pivot from the previous day.
Note: the heavy horizontal green line is the Weekly Pivot and the horizontal
blue line is the Daily Pivot
Mon, 04/10/2017 8:58pm

BC momentum Trade just hit TP Trade included two entries. Entry 1: 15.8 Pips and Entry 2:
17.5 pips. The spread on my Oanda live account was 6.5 pips. Even high
spread trades can provide trading opportunities.
Mon, 04/10/2017 10:20pm
RLSabin I love trade set ups like this, defiantly going to give it a try. ty!
Mon, 04/10/2017 10:56pm
BC momentum After each trade I analyze execution and see what I can do to improve.
1. Selection was correct. Price found support on the daily and weekly pivots.
Daily and Weekly pivots held true.
2. The bullish engulfing candle into the weekly pivot was a good trade entry
on the 15 min chart.
3. Take profit was way to conservative. Price moved 55 pips on the first wave
and 81 pips total (as of this post) on the second wave.
4. Take profit of 50 pips would be more in line with the average movement
the price makes when it takes off
5. Need to better understand the trailing stop /Breakeven function of my
Expert Advisor. By doing this the EA can monitor the trade while I am
sleeping.
Tue, 04/11/2017 10:01am

BC momentum Power of Daily and Weekly Pivot lines:
EURAUD 15min chart demonstrated just how effective they are for support
and resistance.
They are good but, not perfect. W hen added to price action they can
increase ones probability of a successful trade
increase ones probability of a successful trade
Tue, 04/11/2017 11:44am

richarddavidemmett Looks good! Being in the UK also, I'll give this a try tonight. Thanks very
much Martin.
I've been trying to find some high probability trades based around the
European and London opens what is working for you around those times?
Tue, 04/11/2017 12:18pm

pakydak thanks,
looks bullish for the yen.
Tue, 04/11/2017 1:10pm
jason3 interesting
Tue, 04/11/2017 9:06pm
richarddavidemmett Well, tried this strategy for the first time last night. I entered the trades a
couple of hours earlier than the NY close. W hen I woke up this morning, the
first bearish TP had triggered and the other two short trades were still in
profit although moving back towards break even. I closed out for 30+ pips
profit and will keep my eye out for further shorting opportunities this
morning.
Thanks very much for the 30 pips Martin R!
Wed, 04/12/2017 2:40am

edward1334 Interesting, i have to set this up and try it.
Wed, 04/12/2017 11:34am
mgt7 Interesting sounding will have to give this a try. Thanks all.
Thu, 04/13/2017 8:55am
BC momentum Martin R is correct again. It applies to all currencies. Look at this one. The
EUR/NZD 30 min chart generated 240 pips in two days. His strategy tied with
the dailyWeekly(R1 & S1) values make for very good high probability trade
entry points. Add it to the NY close and one can get an explosive run.
Thanks Martin
Thu, 04/13/2017 9:56am

scottakjar I have had a good week with Martin's Tokyo Breakout. This week, I had
positive pips in GBP/USD, EUR/USD, USD/JPY, GBP/JPY, AUD/USD, and
NZD/USD. (W ith Bank Holidays in so many places tomorrow, I won't trade
this one tonight.)
In the past, I traded the London Breakout, and I closed any remaining open
positions when I got up. Now, though, I set up my trades at the NY Close
based on Martin's setup. I then just let them run for 24 hours, catching the
Asian move, the London move, the NY move, and then slowing down.
At the next NY Close, I set it all up for the next day.
As trades move in my favor, I continually move my SL to track them. On a
couple of instances, I saw a pair take profit at 15 pips, and then reverse. By
having my SL pulled up to +1 pip, I made sure I walked away with something,
instead of giving it back. (On the other hand, that has averaged down my
winning trade size!)
Next week, I am going to roll this out with a couple more pairs, probably the
USD/CHF and the USD/CAD. They might not get much traction during the
Tokyo session, but since I now leave this up for 24 hours, they have
opportunity to move during Frankfurt, London, and NY sessions as well.
I have made one small change. Martin sets it up with 25 pips SL. I have
tightened that to 20 and don't see that it has damaged me any. I don't see
many examples of the market pulling back more than 20 pips but less than
25, and then resuming course for my trade. So this small change saves me 5
pips x 3 trades = 15 pips on losers.
Thu, 04/13/2017 11:41am

BC momentum Thanks Scottakjar for suggesting the USD/CAD,
I looked at this and found an excellent trade that occurred at 2:30pm
EDT.......30min chart That one was worth 85 pips
Thu, 04/13/2017 12:18pm
BC momentum Here is my Sell Stop at 1.4008 for the EURAUD 1 hr chart. with a 45 pip
target
Thu, 04/13/2017 9:33pm
Thu, 04/13/2017 9:33pm
tn511voyage Thanks for sharing! A great strategy for "working smarter, not harder." I will
definitely add this strategy to my toolbox.
Tue, 04/25/2017 7:24am
ednasa26 Just another proof that Europeans think alike. I do this during the UK and US
open, first couple of hours, and look at the highs and lows from the previous
day. Just to be safe, I check the news as well to see if there might be any
unexpected break outs in the price pattern. Another difference is that I space
my entries 5 pips apart. I am always by the computer so I can monitor and
adjust my stop loss or take profit accordingly. If market is moving in my
direction I keep adding entries, and like yesterday there is a huge profit
possibility.
I tried this on USD/JPY, EUR/USD, GBP/JPY and so far so good. It got me
through the Silver III level.
Thanks for sharing. Keep up the good work.
Tue, 04/25/2017 7:51am

sagitario Awesome! I see only gold bees here :) good luck to all....
Tue, 04/25/2017 11:45pm
sagitario Awesome! I see many gold bees here :) good luck to all....
Tue, 04/25/2017 11:46pm
dundep1 awesome..good luck
Thu, 04/27/2017 11:09am
abe2023 I have been using this strategy for several weeks. I find that it worked the
best on Monday, Tuesday, and Wednesday nights. Last night, 4/27/17 it
stayed inside the range. Thanks M.A. for the strategy.
stayed inside the range. Thanks M.A. for the strategy.
Fri, 04/28/2017 7:23am
triguylm1 Thank you for sharing. I have noticed that the trend can make this work,
because of the momentum, and just as you said it's a fundamental breakout
trade.
As for determining trend direction; one can look at the daily chart, D1, D7,
but be aware of Support and Resistance levels. Opportunities to maintain a
high level of success depends on expansion, so when the readings on
momentum the "MACD" show slowing momentum you could expect to set up
a little less aggressive trade.
Hope this helps on your win to loss ratio.
Sun, 04/30/2017 12:04am

algobga Thank you for sharing this I am definitely looking for 'Set and Forget'
strategies, because scalping is just not working for me, yet. Was stuck in
Silver II for much longer than I care to think about and finally got out by
using the 'Trade Development' CCI strategy.
Thanks again to you and all those that have commented.
Sun, 04/30/2017 2:27pm

noloinvest I like this strategy and thanks for sharing ,will give it a try .
Sun, 04/30/2017 3:12pm
abdelbouyanna Sounds great. I ll try this one. Thanks
Wed, 05/03/2017 8:01pm
Jeff B Thanks for sharing this strategy. Looks interesting.
Wed, 05/03/2017 9:19pm
sioneuyema Thank you for sharing this strategy. I'll have to give it a try. I like set and
forget strategies. I sleep better that way!
forget strategies. I sleep better that way!
Thu, 05/04/2017 12:17am
Ivan6288 Thanks for sharing, good luck all..
Wed, 05/10/2017 4:03am
Navdeep Singh Thanks a lot for sharing wonderful Daily Brakeout Strategy Martin,
I needed something like this. I will give it a try.
All the best,
Navdeep Singh
Fri, 05/26/2017 1:28am

kwk58 Thanks for sharing this. W ill give it a look.
Fri, 05/26/2017 6:26am
pipsurgeon W ill give it a try. Thx
Mon, 05/29/2017 10:58pm
mathisjimmy Thanks, I will give it a try.
Tue, 05/30/2017 8:42am
Faith Thank you, Martin, for sharing! I need sleep. I will definitely try this! Thanks
again
Tue, 05/30/2017 10:16am
Navdeep Singh I am working on this strategy now and will post my results soon.
All the best everyone.
Take Care,
Navdeep Singh
Tue, 05/30/2017 12:20pm

Fxayre Wow! Great!
Thanks Martin, I tried it yesterday, excellent results! Thanks!
Fri, 06/09/2017 9:50am
cousin.john This works pretty well, it helped me get through silver 1
Fri, 06/09/2017 12:00pm
Ronconomics A nice video on overnight (London morning session) with straddle around
Asian market highs and lows in the resources section. For sleeping US
traders or UK awake trade managers.
Wed, 06/14/2017 8:32pm
okmortgageteam Unless I am looking at this all wrong, there doesn't seem to be many triggers
the last couple weeks. Perhaps that is the scalper in me, I am used to many
triggers and I haven't wrapped my head around longer term trade setups
yet.
Thu, 06/15/2017 7:07pm
mrkdvy this is interesting. i wonder how you arrive at 70 percent win rate. I assume
by that you mean coming out a net positive pips and if that means being
positive with any amount of pips . any pecentage on how often this fails 50
or more pips? thanksvesus what percentage of 75 pip lossesamount
Thu, 06/15/2017 8:17pm
ftodd53 Thanks Martin ...I set this up tonight @ JPY open and boom... right through
ftodd53 Thanks Martin ...I set this up tonight @ JPY open and boom... right through
all three buy orders ....I'll keep trying this one out in days to
come......Thanks
Thu, 06/15/2017 8:31pm
PatBo Sounds like a very well reasoned strategy to me. I'll give it a try. Thanks for
the tip.
Thu, 06/15/2017 8:45pm
rodjyeager I like this idea too, I will try it on the Silver 2 task, thanks
Thu, 06/15/2017 8:48pm
sematt6 Thanks for sharing sounds interesting I like the thought process behind
it. I'll study it some more.
Tue, 06/20/2017 7:27pm
Tue, 06/20/2017 7:27pm
Tue, 06/20/2017 7:27pm
danpettit57 Thanks Martin!
I like the pair and the intermediate time frames. I'll give it a try.
Thanks to the others for the experimental modifications too!
Thu, 06/22/2017 11:44am

BC momentum Attached is a screenshot of how to increase the W IN percentage on a

USDJPY trade. I use the daily pivots and look for a condition when the price
rises vertically and then consolidates. when it does breakout it rises and
misses the daily pivot for the next day. i.e. aggressive move. This scenario
makes this strategy a slam dunk win. It does not happen every day but when
it does I am more aggressive on my trade. Chart shown is from my Oanda
MT4 platform, 30 min timeframe. I can the enter any tome from 9am 11am
EDT.
Thu, 06/22/2017 6:45pm

twallace52 Thanks Martin for the excellent trade strategy. I am trying this for the first
time this evening. I am very fortunate to be on Central U.S. time, so I can
watch the price action throughout the entire Tokyo market and monitor the
trades as it plays out. Tokyo markets run from 3PM to 11PM on our time.
Thu, 06/22/2017 8:59pm
Butterfly4 Thanks for sharing Martin R. I am going to try this on a smaller chart with
smaller sl and tp to see how it works.
Wed, 06/28/2017 7:00am
winstonroysmith I like the calculation for one hundred pips, sound like a good breakout
strategy to make four, five hundred pips weekly. I am looking an animal that
can accomplish such gains in the market. Thanks, I will study this a bit.
Wed, 06/28/2017 4:41pm
Svein Solli Nice. Im gonna dig into this...as i am using something similar to this strategy.
Thanks for sharing :)
Wed, 06/28/2017 6:28pm
lbosco1 I tried this last night; but it did not work out well. Lost 75 pips (25 on each
entry). I will try it again next week. W hen trying new strategies, is there a
separate account we can use for practice; so as not to interfere with the
silver account?
Fri, 06/30/2017 11:19am
yuenchiyu18 W ith so many positive comments on your strategy, I definitely want to try it.
W ho does not want to make more pips!
LOL!
Thanks and Enjoy!
Fri, 06/30/2017 1:43pm
Alleycat lbosco1 Practice any new strategies in your original alveo simulated account.
Just open it up in alveo and set your trades. Since you are in Silver the
traeds you place in this particular account will have no effect on your Silver
account.
Good luck in your trading.
Fri, 06/30/2017 2:29pm

nabeelalansari1957 excellent will try it next week
Fri, 06/30/2017 3:02pm
lbosco1 Alleycat, thanks for your info
Fri, 06/30/2017 8:21pm
arsitaraman Been only in short term trades so far, being a new bee! W ill definitely give

this a try soon. Thx.
Sun, 07/02/2017 11:24am
W inmac17 Thanks Martin R for sharing your strategy and thanks to all of you for your
teamwork in testing and trying and results and recommendation in making
this strategy even more effective, I will be trying this strategy as I move
forward.
Thanks again for all the team support, we are truly a community of traders.
Tue, 07/04/2017 1:24pm

Bryan This is a strategy that has helped me rethink the use of take profit. I
normally don't use it, and then more often than not watch profits disappear
on a reversal. It certainly takes the emotion out of trading, and that is always
on a reversal. It certainly takes the emotion out of trading, and that is always
good! Thank you so much for your detailed explanation.
Tue, 07/11/2017 11:00am
ben.agu.miracle hi, i love this strategy. But i find it difficult to set it up. I dont understand
what you mean by entry; High +7 in the buy order and 7 in the sell order.
Also i think the rang in 24hour chart is 149 when i checked.
Tue, 07/11/2017 5:35pm
Pip Pirate I like this strategy but will slightly tweak the TPs and on the number three
trade both short and long I will trail instead of set a TP because if you have a
50 pip winner it most likely will continue for more. Thanks!
Tue, 07/11/2017 11:28pm
gaelsorc ben, Set your buy order for 7 pips above the daily high & the sell order is 7
pips below the daily low.
Thu, 07/20/2017 3:56pm
Vin Patel Hi Martin,
This sounds Great strategy and I'm going to try it out as I too want to set
and forget trades.
But I need to watch the video you mentioned to understand more.
Thanks for sharing a great strategy !
God Bless You and May you be Blessed with more pips then just 70%!
Vin
Thu, 07/20/2017 5:10pm

billgrigsby Thank you Martin for sharing and thanks to all those who have posted their
experiences and/or modifications and adjustments. Definitely I will be trying
this strategy.
Thu, 07/20/2017 8:17pm
vincenzo.ciccarella Like your strategy Martin, I am a newbie of one week with Apiary but learning
fast, I am also based in the UK, Sheffield to be exact and work full time, right
now I am away in France on business and that is a problem for me trading
but when I am back even then I can only trade before or after the office
hours, therefore your strategy could work well alongside my daily routine,
thanks.
thanks.
Vincenzo.
Tue, 07/25/2017 11:07am

Pips.Dynamo Great Strategy Martin!
Wed, 08/02/2017 12:56am
kennylambert Trying this tonight!
Wed, 08/09/2017 10:45am
lbosco1 Martin, if the trades have not been triggered by the end of the asian session,
is it ok to let them run through the london session and into the NY session
the following day?
Wed, 08/09/2017 3:07pm
rsllaw Thanks for sharing Martin...
Since this thread goes back to the Spring, I'm wondering how the results to
date have been for those who have tried your strategy?
Wed, 08/09/2017 4:20pm
Erik Great strategy Martin! Thanks.
BC momentum is it the "6" HMA that you use on the 30 min chart?
Wed, 08/09/2017 6:42pm
Martin R Hi all
I have to say when I posted this strategy in March 2017 I never expected it
would result in such interest. Many have asked does it work and there have
been numerous suggested amendment / enhancements posted.
In way of an update I have just achieved Gold III and one of my mainstay
strategies that got me to this position was a breakout strategy based very
much on this one.
I am UK based so trade the London open to London close and only trade the
7 major pairs, none of the crosses. Before I start the days trading I review
the daily charts / USD Index and news announcements and using the results
of the review, plan how I am going to approach the days trading based on
the current price action on the hourly charts for each pair
I look for consolidation on the hourly chart, looking for possible breakout
setups using pending orders in the direction of the hourly trend only.
I place 2 trades one with a 1 ATR take profit (get paid for being right) and
the second either with a 2 ATR take profit if there is no major news due that
day or no take profit if there is.
W hen trade 1 target is hit I go breakeven so I am in a free trade and then
monitor the second trade and act accordingly based on what the market is
telling me.
As for stop loss I always put in a hard 1.5 ATR stop into Alveo, but I monitor
any live trade and if the market is telling me I am wrong I just close it for a
small loss. I do not live in the hope it will go back into profit when the price
action is saying no and watch it hit the hard stop. If market conditions still
support my original trade I just put in new pending orders
Happy trading
Fri, 08/11/2017 10:36am

markpowers80 Congrats on reaching Gold III fat profits to you!
Fri, 08/11/2017 6:41pm
BC momentum Erik,
Actually I prefer the two color T3 indicator ( not available on Alveo) The T3
line allows you to adjust the amplitude. Attached is the USDJPY for the last
week. This compliments Martin's methodology by giving you which side of the
trade you should be on.
The T3 line is a 50 period set on the Close with an amplitude of 0.40
Note: The blue horizontal line are the daily pivot line and the long horizontal
green line is the weekly pivot.
Yellow arrows give you some logical entry locations
Sat, 08/12/2017 2:25pm

lbosco1 Martin, your last post does not mention the 100 pip set and forget strategy
that you posted to start this thread. Are you still trading that strategy? How
is that strategy going for you? I have placed 12 trades using that strategy so
is that strategy going for you? I have placed 12 trades using that strategy so
far ....all winners. Thank you!
Mon, 08/14/2017 11:17pm
dale.sherf Congratulations Martin on achieving Gold III.
Mon, 08/14/2017 11:54pm
sharon Martin, this looks like a great strategy. I can't wait to try it out. I'm too late
for tonight, but I'll be watching tomorrow.
Congratulations on achieving Gold III.
May you have many happy returns. Thanks for sharing this strategy!
Tue, 08/15/2017 12:22am

Martin R I was happy using this USD JPY strategy until I got to Gold II when they only
give you a $1000 demo account and a very tough set of criteria to complete.
In the end I found I had to consolidate my strategies and focus on just a
couple of them to get through and this strategy as detailed at the beginning
of this tread was not one that made the cut.
That said what I was trying to explain in my recent post was that I had taken
the idea of placing a number of trades per setup so I got paid for being right
and instead of fixed pip targets used the HI ATR and then going breakeven
on the second when trade 1 hit target.
So my suggestion is try adding the multiple trades per set up idea to your
other strategies and bank one for a small profit and go breakeven on the
second
Hope this helps
Tue, 08/15/2017 11:54am

kdstear Thx for the trading information. I will take a look at this and try it out. Happy
Trading
Tue, 08/15/2017 2:51pm
lbosco1 Martin, I see your point and i understand where you are coming from;
however, I must say that I love the initial strategy as you laid it out at the
beginning of this thread.
I recently reached Gold 2 and that was my first trade in gold 2 for 98 pips. I
kept the Quantity low at only .02 because of the $1000 limit on the Gold 2
account.
Thank you for sharing!
Thu, 08/17/2017 12:00am

Ftbrown Love this! Great work. Keep it up
Thu, 08/17/2017 12:04pm
arsitaraman Martin:
I am in Gold I having completed 105 trades ( scalping 34 pips each average)
in two days and finished all requirements except a wait of 19 days to
complete the 3 weeks requirement. But I also made some blunders along the
way and have a large number of negative pips in trades still open ( hedged to
ensure they stay the same till i finish 3 weeks!).
Can you share your strategies on Gold II ? Thanks in advance.
Sita
Sat, 08/19/2017 3:36pm

ashley_1 Great strategy which seems to have good profit potential. I trade during the
UK session to and would like to try a overnight strategy during the asian
session.
Thanks for sharing.
Fri, 08/18/2017 4:56am

unitedrealtyllc superb!
keep up the good job.
Thanks
Sat, 10/14/2017 11:00pm
DULLRICH7 thank you
Sun, 10/15/2017 2:43am
jgeri Thanks Martin I am going to try this strategy and I will let you know how I
fare. I like to be able to set up an over night trade that at a least some
higher probability and this looks pretty solid.
higher probability and this looks pretty solid.
JG
Sun, 10/15/2017 8:01pm

mejeannecouture I'm actually eager to try this strategy. Especially that I might help with my
beeline tasks
Sun, 10/15/2017 8:26pm
cpauld2004 Sounds interesting. Just curious, have you had the scenarioes happen that
you DIDN'T mention? Namely that you hit the stop losses (take profits) on
one side and then it ran the other way?
Fri, 10/20/2017 1:21pm
als6142 Hmm? This is an interesting strategy. I'm open to trying it out on a demo
basis to see how it shakes out.
Fri, 10/20/2017 7:21pm
cpauld2004 I'm trying it tonight. By the way, how often does the 5th scenario namely
that neither open occur?
Wed, 11/01/2017 5:40pm
Gavin Shepstone This is a logical and simple method of taking advantage of the market I will be
trying it Thanks Martin T
Fri, 11/03/2017 4:42pm
Shannon J Thank you for sharing this strategy I am looking for something I can use
regularly moving forward. This will help me with the martingale strategy.
Thu, 11/09/2017 12:25pm

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kwk58 Thanks for sharing this. W ill give it a look.

BC momentum Attached is a screenshot of how to increase the W IN percentage on a

arsitaraman Been only in short term trades so far, being a new bee! W ill definitely give

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6/19/2019 USDJPY ­ 100 Pips Set and Forget Strategy | Apiary Fund

A review of the Apiary Fund - learn to trade currencies!

Home About Reviews FAQ Pricing Promise

kwk58 Thanks for sharing this. W ill give it a look.

BC ­ momentum Attached is a screenshot of how to increase the W IN percentage on a

arsitaraman Been only in short term trades so far, being a new bee! W ill definitely give

Investing in securities, currencies, and/or contracts © 2019 All Rights Reserved

You might also like

6/19/2019 USDJPY 100 Pips Set and Forget Strategy | Apiary Fund

BC momentum Attached is a screenshot of how to increase the W IN percentage on a