DislikedThanks Bob, just one question, if i delete the files under the testerhistory and testerfiles, will I lose my tick data?Ignored
Need explanation on Good boy EA 0 replies
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DislikedThanks Bob, just one question, if i delete the files under the testerhistory and testerfiles, will I lose my tick data?Ignored
DislikedI will post two pics. The first is my demo of the 100x80, I tended to let this run to see what happens. It was pretty much a wash because I hung in too long most days. I traded these pairs aud/jpy, aud/usd, AUD/CAD, AUD/NZD, CHF/JPY, EUR/CHF, NZD/JPY, USD/CHF, USD/JPY, and the eur/usd and gbp/usd. I used .01 lots. You will see in my next pic better results. I used less volatile pairs and a higher lot size. The currencies in caps I also used in my live account.
The second is the same system and currencies but I traded live with 500 dollars. I increased it $169.31 a 34% increase. I will take that % any time even though that may not seem like much money. I was conservative with my approach. I...Ignored
DislikedOn 08 Oct 2008, AUDNZD move about 1000 pips. Looks kind of scary.Ignored
DislikedThink thats scary read my 7 year currency facts. NZD/USD is really wild. I make money on the AUD/NZD. I use an EA I designed just for it.Ignored
DislikedHere are my 7 year currency facts update Nov. 9, 2008. I also sorted the information in to several groups so it is easier to study the information. There are 11 columns.
Column 1 has the currency pairs
Column 2 has the total days of information used. For instance the AUD/CAD has 1845 days. Divide that by 6 gives you 307.5 weeks, divide that by 52 gives you information for the last 8.6 years. The AUD/CHF has 93 days or 15 weeks. It is a new pair for IBFX so the data information is for a very small period of time.
Column 3 is the highest day recorded for that pair. The record holder is the eur/aud at 2117 2nd is NZD/USD at 2043 etc. yet the NZD/USD has only gone over 500 pips in one day only twice the other was 1700 something. YIKES try to determine if you want to use that one.
Columns 4-11 are how many times a pair went over 200, 250, 300 etc. in one day. If you look there are some empty boxes, that means there were no moves registered in that range. For instance the NZD/USD shows 4 times going over 400 and 2 over 700. What that means is of those 4 moves over 400, 2 went over 700 pips and the other two were between 4-500 pips in one day.
The USD/CAD shows 5 moves over 400, 2 were over 600, 1 was between 6-700 and the other more than 700. That would mean the remaning 3 were between 4-500. Hope that is understandable.
I then arranged the information according to alphabetical order, highest days ever, according to 250 pips, 400 pips, and 600 pips. For this EA you want to know how many times a currency will go over 600 pips in the last 7 years. You want to stay away from ones that go over the 600 pip range and try to trade ones that dont. Tough decisions are made on NZD/USD which is perfect except for 2 days. The problem with NZD, AUD pairs are those aren't price movements they are sudden spikes. The brokers blame the banks and the banks are silent. GBP/JPY are price movements. So have fun and good luck.
The information I gleamed from these sheets is what I use to determine my ranges and philosophy of range trading. It was a nice simple system until the last 3 weeks. Most pairs had never moved more than 3-500 pips until recently, now its a nightmare. The gbp/usd used to be perfect for this systetm with its biggest move being under 500 pips in one day. Now its highest day is 986 and has gone over 500 9 times. Times have changed.Ignored
DislikedThat EA u are using is similar to this system or a totally different trading logic ?
Similar but different. Same philosophy but designed just for this currency. I am still making some alterations to it but it is working. I fine tuned it and will try the fine tuned product this week.
Which currency combo u will be using for the coming Monday onwards ?Ignored
Dislikedif there is a way to create currency fact which contain the information on currency going 200/300/400 pips without retract for 50/100/150/200 pips, it will be the most importance piece of information for this system.Ignored
DislikedI changed the range to 600 pips and am using the following currencies:
aud/nzd, chf/jpy, eur/chf, eur/usd, usd/jpy, usd/chf. I am also going to trade .05
My thinking is fewer pairs, less range but more lots. I used to have the USD/CHF rated as my 3rd most volatile currency 6 months ago but with all the action it has stayed steady and is one of the very few that have not set new records. Its previous high day is still its previous high day so I have added it to this system. Same thing with the USD/JPY, it has gone just a little higher than before but is staying within its range. I am going to put the Eur/usd back into play. It has stayed in the range of the EA. I almost decided to put the EUR/GBP...Ignored
DislikedI changed the range to 600 pips and am using the following currencies:
aud/nzd, chf/jpy, eur/chf, eur/usd, usd/jpy, usd/chf. I am also going to trade .05
My thinking is fewer pairs, less range but more lots. I used to have the USD/CHF rated as my 3rd most volatile currency 6 months ago but with all the action it has stayed steady and is one of the very few that have not set new records. Its previous high day is still its previous high day so I have added it to this system. Same thing with the USD/JPY, it has gone just a little higher than before but is staying within its range. I am going to put the Eur/usd back into play. It has stayed in the range of the EA. I almost decided to put the EUR/GBP...Ignored
DislikedTo confirm with you, the setting will be TP 100 Pips 60 ? I think the TP might have to change becoz those exact pairs (without AUDNZD and CHFJPY) u have given, I already tried it last week and the TP doesn't hit often. Most of the time it's only 1 currency hit the TP
I wonder why u would choose AUDNZD. Firstly it has 14 pip spread and there is chance of sudden spike again in the future which will easily hit the SL.
Btw, what's ur SL setting ?Ignored
DislikedIt has only done it once in 8 years so that is an acceptable risk besides that was not caused by price movement it was a bank induced spike. My EA does not pick up all the levels on those things so any loss is usually very small. The last one that did that was the CHF/JPY and I made 256 bucks on the spike. When the spike hit my EA entered the trade and then it was profit all the way.
600 SL, in my system SL are only for emergencies, I almost never hit them, I will stop a trade long before they get there. I still use my support/resistance levels when trading. If S2 or R2 is touched I will close on the retrace. If they are broken, I am out. That usually is long before my stop loss. If I break...Ignored
DislikedThanks Bob, just one question, if i delete the files under the testerhistory and testerfiles, will I lose my tick data?Ignored
DislikedOriginally Posted by nanningbob http://www.forexfactory.com/images/buttons/viewpost.gif
If you have trouble with MT4 freezing or slow startups and closes you need to go to your first Log folder and delete all the logs. MT4 logs all your actions every day and after awhile it clogs up the program. So every month or so I go in and delete them all out. Again it is your logs folder.
[i]If you have done a lot of backtesting this also clogs up the program. Go to the Tester folder and delete the inside of the history folder and inside the log folder. You will notice your MT4 work much faster,...Ignored