Daily95pips

Great Thanks i will have a look at Metatrader 4.

I like this stratergy, managed to do 95 pips this morning on the GBP/USD but i agree with your risk ratio....only time will tell i suppose.

Thanks.

Regards,



By SA i assume you mean South Africa. Try downloading a demo version of Metatrader 4 from Alpari or Interbankfx, both give you real time data as part of the demo. In this software if you use the 1D timeframe you should be getting the high and low for each day.

You can lose a maximum of 180 points per pair per day. I think Mikelath is trading 3 pairs so his max loss is 540 points.

I've seen Mikelath's testing results and they look impressive but I am concerned that the risk ratio is not high enough and over time when the cluster of losses come the strategy will struggle. BUT that is something that only backtesting and forward testing can prove.

Regards.[/quote]

Hi superbem.

Thanks for offering your EA to the thread.
As you may have seen, there have been a few EA's added already, from pipimo88 and pr1mer, however I'm glad there is another one to test....I just need to open another demo account to do so....

rgs
mike

Hi Mike.

Thanks for your system. Im new in FX and Im trying to understand it. I've got the same results for 10/10/2007, but a very diferent ones for 11/10/2007. Sorry about my bad english. Here are the results. Im use FXCM broker and all times are GMT+1. Cheers

Hi,
I updated the EA, fixed a few bugs. It should be ok to use it on multiple pairs, but testing is still heavily needed

Cheers,
Pr1mer

hello there all people back after a long holiday in australia. Anyways people i had asked some people to back test my strategy but it doens't seem to work. Well so lets then SCRAP that and i have something new here your supposed to aim for 20 pips and ''SIGNAL 1'' works incredibly well from the other 2. I have had a 8:1 win/loss ratio till now. I am attaching it. Ok here you are supposed to take the high,low,close and open from Gmt 0. This works mainly for eur/usd, gbp/usd, aud/usd and nzd/usd.
Regards,
Bksujal

Hi bksujal, thanks for sharing...Can you explane a little be this system?

hey mate what sort of explaination do you want? I have explained the basics i hope you have read that. Anything else that you require then ask me in detail please.
Regards,
Bksujal

BKSUJAL.

Isn't this simply a variation of the D20P on the web?

Bobkat

Hi

How many entrys for each Signal?

For example:

SIGNAL 2:

1 enter long at 2,0206 - SL 50 - TP 10
2 enter long at 2,0206 - SL 50 - TP 30
3 enter long at 2,0206 - SL 50 - TP 50
1 enter short at 2,0149 - SL 50 - TP 10
2 enter short at 2,0149 - SL 50 - TP 30
3 enter short at 2,0149 - SL 50 - TP 10

Is this correct???Or are 5 entrys for long and short with TP 10,20,30,40 and 50?

And in the signal 1 the long entry is at 2,0194 or 2,0214???and the short entry at 2,0154 or 2,0131..???

Forgiveness by my ignorance. Thanks.

Just the person I was hoping to hear from.

Great work Pr1mer.

I'm looking forward to Monday with eager anticipation.

mike

Daily95pips:

Date: Monday 8 October 2007
EURJPY nt
USDJPY +15
EURUSD nt

Total: +15pips


Comment: A 'ranging' day, though any positive result is fine by me.

Date: Tuesday 9 October 2007
EURJPY +45
USDJPY -90
EURUSD +15

Total: -30pips

Comment: It feels like I'm restricting myself by 'stripping' back the pairs to only 3. However, the results from the past 6 weeks show otherwise. I shall persevere and expect continued profits from these 3 pairs.

Date: Wednesday 10 October 2007
EURJPY +95
USDJPY -90
EURUSD +95

Total: +100pips

Comment: Now that's more like. I've learnt from tkimble's threads that the beginning of the week is often sluggish and it can take until Tuesday night onwards before the weekly trend is established, thus the breakout from the previous days high or low. Looking forward to more good days ahead.

Date: Thursday 11 October 2007
EURJPY +15
USDJPY +15
EURUSD +15

Total: +45pips

Comment: All 3 pairs achieved the 1st profit target before price retraced to stopout at breakeven.

Date: Friday 12 October 2007
EURJPY nt
USDJPY nt
EURUSD nt

Total: 0 pips

Comment: Well, there's not much to comment on here....a relatively 'flat' trading day. Even major news reports didn't provoke a significant price move sufficient to trigger the orders for the day.


Weekly Results:

Total for week ending Friday 12 October 2007: +130pips
Total for week ending Friday 5 October 2007: +288pips
Total for week ending Friday 28 September 2007: +280pips
Total for week ending Friday 21 September 2007: +1050pips
Total for week ending Friday 14 September 2007: -651pips
Total for week ending Friday 7 September 2007: +164pips
Total for week ending Friday 31 August 2007: +585pips

Grand Total: +1831pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 12 October 2007:

EURJPY +155
USDJPY -150
EURUSD +125

Total: +130pips

For the past 7 weeks:

EURJPY +1050
USDJPY +361
EURUSD +415

Total: +1826pips

Comment: EURJPY and EURUSD continue to make positive results, while USDJPY dropped back a little.
This many pips over 7 weeks is very good, and if we take only the EURJPY results alone it has averaged +150pips per week, while the average for all 3 pairs combined is +260pips per week.

Hey, bksujal...

Very interesting stuff. Obviously, the "Win %" so far makes it worth looking at.

I was thinking that your strategy might warrant a thread of its' own, since it is completely different than what this thread does... and we don't want to hijack Mike's thread . Just post here what you're calling it, if you wouldn't mind.

Thanks.

Hi Pr1mer.

I'm still not entirely clear on the difference between the 2 EA files....if we are supposed to use only one of them, how do I determine which one I should use?

mike

MQ4 files are EA source files. You can take a look at it and see how it works - helpful for those who are into programming - so that it's not a blackbox. If you compile these files you get EX4, which I attach for your convenience.

Pr1mer

Cool...thank you sir.

Anyone trading this system live or with demo account. Mike said he is only paper trading this system. I'd like to know what the results are.

Thanks,

-clayboy

I trading this system with a FXCM demo account but only for four days...Here you can see some results:

http://www.forexfactory.com/showpost...&postcount=583

Rgs.

Daily95pips:

Date: Monday 15 October 2007
EURJPY +95
USDJPY +15
EURUSD +15

Total: +125pips

Comment: A good start to the week. These results are based on using the Expert Advisor of pr1mer in a North Finance demo account.

Date: Tuesday 16 October 2007
EURJPY +95
USDJPY +95
EURUSD +15

Total: +205pips

Comment: It just keeps getting better and better ! A bold and daring statement that doubles as an affirmation...the work in progress continues. To quote Earl Nightingale: "Success is the progressive realisation of a worthy ideal."

Hi all.

Just a quick note on the Expert Advisor...

I'm continuing to test the EA created by pr1mer, and so far it seems to be working well. For Monday's trades, the orders were automatically calculated and placed, the stops were automatically adjusted to BE after the 1st PT was reached, thus locking in profits when price retraced, and of course, all 3 profit target were taken when reached.
I'm just not sure if it is consistently calculating new orders for all the pairs I have it attached to...everyday. Time will tell if more tweaking is required.

For those who need help with adding the EA to an MT4 trading platform please click on the following link:

http://www.halcyonfx.com/howtoinstall.htm

rgs
mike

Awesome results for E/J, Mike!
Very good work that you guys are doing here!
Thanks
Brent