Daily95pips

Quoting domchik

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I am sorry for this kind of question, but could someone tell me please what is GMT equivalent for 17:00 PST. Also, could someone please tell me what time Oanda is using ? thanks a lot!

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Quoting mihat

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I played a bit with 95pips strategy and backtested it. I guess I'm doing something wrong because I loose and performance is not even close to one published here.


How do you set buy at last day high+5pips?
This should always be higher or equal current ASK price.

Do you mean that you buy it only if price reaches last day high?

So if eurusd last day high would be 1.3995, you would buy if price reaches 1.4000?

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Quoting mikelath

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Hi mihat.

I suggest that you carefully read post#1.
We are placing PENDING orders at 5pips above AND below the previous days high and low (to be more precise, the previous 17hrs from 5pm EST ).
You are correct with your EURUSD example calculations, though remember that the pending orders have been placed before price reaches this level.
For example, today's orders for GBPUSD are Long: 2.0499 and Short: 2.0369. The previous high and low were therefore 2.0494 and 2.0374 respectively. So, pending orders have already been placed and we simply wait to see which of the long or short orders are triggered first.
We therefore DO NOT wait until price reaches these levels and then use MARKET orders.
I hope this answers your questions.

mike

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int h = TimeHour(TimeCurrent())+hourDiff;   
   
      if(h==3)
      {
         lowLast = CheckForLastLow()-5*Point;
         highLast = CheckForLastHigh()+5*Point;
      }
   
      if((Ask == highLast) && orderToday == false)
      {
         OrderSend(Symbol(), OP_BUY, Lots, Ask,3,highLast-stopLoss*Point,Ask+tP1*Point,"",0,1200, Green);
         OrderSend(Symbol(), OP_BUY, Lots, Ask,3,highLast-stopLoss*Point,Ask+tP2*Point,"",2,1200, Green);
         OrderSend(Symbol(), OP_BUY, Lots, Ask,3,highLast-stopLoss*Point,Ask+tP3*Point,"",4,1200, Green);
         orderToday = true;
         
      }
    if((Bid == lowLast) && orderTodayS == false)
      {
         OrderSend(Symbol(), OP_SELL, Lots, Bid,3,Ask+stopLoss,Ask-tP1,"",1,1200, Red);
         OrderSend(Symbol(), OP_SELL, Lots, Bid,3,Ask+stopLoss,Ask-tP2,"",3,1200, Red);
         OrderSend(Symbol(), OP_SELL, Lots, Bid,3,Ask+stopLoss,Ask-tP3,"",5,1200, Red);
         orderTodayS = true;
      }
      
    /*close orders*/
     if(orderToday == true && h == -2)
      {
          for(int i=0;i<OrdersTotal();i++)
          {
             if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false)break;
             if(OrderType()==OP_BUY){
               OrderClose(OrderTicket(),OrderLots(),Bid,3,White);
             }else{
               OrderClose(OrderTicket(),OrderLots(),Ask,3,White);    
             }
          }
          orderToday = false;
          orderTodayS = false;
      }

Quoting mikelath

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Daily95pips:

Date: Monday 1 October 2007
GBPUSD nt
GBPJPY -90
USDJPY +95
EURJPY +95
EURUSD nt

Total: +100pips

Comment: We saw more evidence of the stop level being too small for GBPJPY, as this pair had a big move north.

Date: Tuesday 2 October 2007
GBPUSD -90
GBPJPY nt
USDJPY nt
EURJPY -90
EURUSD +95

Total: -85pips

Comment: Not a very exciting day.


bksujal:

Date: Monday 1 October 2007
GBPUSD +60
GBPJPY -100
EURJPY -60

Total: -100pips

Comment: Hmmm.

Date: Tuesday 2 October 2007
GBPUSD +60
GBPJPY +100
EURJPY -6

Total: +154pips

Comment: After the long order on EURJPY was triggered price didn't move much either way. I therefore manually closed out the position at a small loss. A good day for GU and GJ.

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Quoting mihat

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Hey! Thanks for your answer. However I am still confused. My software (interbank fx4) does not allow to place pending order for buy higher than current asking price or lower for sell.

But there must be some huge error in a logic, because I get negative returns.

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Quoting MPP

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Hi Mikelath
Like the thread, interesting concept - that seems to be working.

First hows the sunshine coast, moving from the uk soon the the sunshine coats.

I understand you keep the 1st post uptodate, but also note you are trading a different system also, are there any adjustment i should be aware of from post one and could you also add your other system to a post in complete form, not Bksujal's.

regards

MPP

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Quoting omiredozz

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Mike pls sorry for asking silly question, my problem here is how to derive the high and low figure. please can you give me a snap short on how to do that from the candles.
thanks

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Quoting pipspaparoni

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Mikelath Sir,
Just found your thread couple days ago & started only yesterday. I got +159 pips for today. Wow, It works! I've followed the instructions carefully & used Oanda thou I did'nt came up with the same result of 258 pips. Well, I did let it run the day & did'nt bother to check it out.
I'm impressed, thank you so much & keep up the good work.
pipspaparoni

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Quoting Hakuna

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Hi Mike
What are the best pairs for you ts? I'd like to start but only with 2/3 pairs.

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Quoting damonl

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Hello mikelath,

This thread has been very informative. I thought that I would put your system to the test so I started live trading last night. As you know, live trading is a whole different ballgame.

I will try to update the forum as much as I can. It would be interesting to see if you end up with the same results that I do.

10/03/07
GPYJPY -90 pips

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