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Daily95pips

  • #741
  • Oct 31, 2007 5:10am Oct 31, 2007 5:10am
I Used the EA on InterbankFX.
Start in 23.00 time my broker ( Interbank )
Used risk 0.005 per pair and I trade in pair euro usd / usd jpy / euro jpy / usd chf.

All setting same the default EA except above.

The live trading you can see in interbank ( Demo Account )
Login : 1685746
pass inv : 123abc

Have nice Trade
  • #742
  • Oct 31, 2007 5:11am Oct 31, 2007 5:11am
Quoting cashfinder
AS per Mike said pending orders will be placed at EST 5PM, can anyone help me what is that time in GMT? Since I am using IBFX and they at at GMT = 0.


Thanks very much
Please Read This Post: IBFX Version

Hope This Helps!

Have a PipFull Day!
  • #743
  • Oct 31, 2007 5:17am Oct 31, 2007 5:17am
Quoting cashfinder
hello

I will use USDJPY as an example

I use default settings, the pending buy stop order has been set at a very high price (118.01) which is rejected to place this order.

Secondly, I have done sell short on 114.62 (cut loss finally). But my friend didn't have this orders done.
Hello Cashfinder,

Are you using this version on an IBFX account? Are you sure that you have it attached to a 1H CHART? If not, it will not calculate the buystop and sellstop orders correctly.

Have a Pipfull Day!
  • #744
  • Oct 31, 2007 5:24am Oct 31, 2007 5:24am
Quoting PipHunter196
Hello Cashfinder,

Are you using this version on an IBFX account? Are you sure that you have it attached to a 1H CHART? If not, it will not calculate the buystop and sellstop orders correctly.

Have a Pipfull Day!

Oh no, I put it in daily chart.........I think thats the problem
  • #745
  • Oct 31, 2007 5:41am Oct 31, 2007 5:41am
Is it possible to do a reliable back test on this method? A study of various entry values(+-5,+-10, etc.) and SLs and TPs as a function of ATR(5/14/20 day?), along with money mgt.(b/e or not, trail or not?)? A reliable study of 3 years+. If not, when and how will it be determined to go ,"live," with this? Has anyone tested Bullrock's variant with 50 SL, 50/70/100 TPs and trail with MOC? Pippo
Vincit qui se vincit.
  • #746
  • Edited 7:18am Oct 31, 2007 6:38am | Edited 7:18am
Quoting Pippopotamus
Is it possible to do a reliable back test on this method? A study of various entry values(+-5,+-10, etc.) and SLs and TPs as a function of ATR(5/14/20 day?), along with money mgt.(b/e or not, trail or not?)? A reliable study of 3 years+. If not, when and how will it be determined to go ,"live," with this? Has anyone tested Bullrock's variant with 50 SL, 50/70/100 TPs and trail with MOC? Pippo
Pippopotamus,

Everything is possible. The problem is in the programming. I personally do not want to change the system because it seems to work good as it is. Every idea is welcome thou. I only do programming of EA's that are based on price movement. I am sorry that I will not be able to help you out on this one. Please take note of my posts on the Strategy Tester for MT4. Only under certain conditions is it reliable. And those are very few conditions.

Have a PipFull Day!

P.S. At the time of my posting this message we are at +70 Pips for the day not including the last trade on the EUR/JPY, which is at +45 Pips and locked in at BE. Daily95Pips keeps on Rocking!

Check out my next post to see how it turned out!!
  • #747
  • Edited 7:46am Oct 31, 2007 7:16am | Edited 7:46am
Here are the IBFX results for today:

EUR/USD = BuyStops Activated
Order #1 = +15 Pips
Order #2 = Broke Even
Order #3 = Broke Even

USD/JPY = BuyStops Activated
Order #1 = +15 Pips
Order #2 = Broke Even
Order #3 = Broke Even

EUR/JPY = BuyStops Activated
Order #1 = +15 Pips
Order #2 = +30 Pips
Order #3 = +50 Pips

Total: +125 Pips / +$110.56

Total For Week: +215 Pips / +$190.92

Please Note that I run the expert with set lots of .10 on a standard account with no trailing stop for test purposes. I also run a separate expert for each pair with the EAMagicNo changed for each pair. This is just my way of doing it. It is a very complicated expert and some have stated that it is not opening the correct amount of pending orders while using the same expert on all pairs at the same time.[/quote]
  • #748
  • Edited 7:29am Oct 31, 2007 7:17am | Edited 7:29am
Quoting PipHunter196
Pippopotamus,

Everything is possible. The problem is in the programming. I personally do not want to change the system because it seems to work good as it is. Every idea is welcome thou. I only do programming of EA's that are based on price movement. I am sorry that I will not be able to help you out on this one. Please take note of my posts on the Strategy Tester for MT4. Only under certain conditions is it reliable. And those are very few conditions.

Have a PipFull Day!

P.S. At the time of my posting this message we are at +70 Pips for the day not including the last trade on the EUR/JPY, which is at +45 Pips and locked in at BE. Daily95Pips keeps on Rocking!
Piphunter, are you using exactaly the same inputs that are in the ibfx version? and i was searching about margin and updateTobe and i didn't find about that. please help me to use it.

about backtesting, only metastock, tradestation and amibroker can be reliable. I have tested MT4 compraing backstet and the same period that i had used a EA running and the results were 100% diferent... and i was using alpari tick data.

the unique solution is that: anyone coding the system for metastock, tradestation and amibroker and backtest it using many years. but like piphunter said it is necessary to make ajusts for daylight time.

and sorry for my english again
  • #749
  • Oct 31, 2007 7:30am Oct 31, 2007 7:30am
Quoting giraia_br
Piphunter, are you using exactly the same inputs that are in the ibfx version? and i was searching about margin and updateTobe and i didn't find about that. please help me to use it.
Giraia_br,

Yes I am using the expert exactly the way that I posted it with the exception of using fixed lots. You can change the FixedLots from 0.0 to .10, or what ever you want, to trade in the same lot size all of the time. You can leave the FixedLots = 0.0 and the expert will automatically risk 1% of your margin account for each trade. You can also change the Risk from .01 to a larger or smaller amount. Do not change the Margin because this is the setting used to decide how far to move the BS and SS above and below the high and low.

Hope this helps.

Have a PipFull Day!
  • #750
  • Oct 31, 2007 7:43am Oct 31, 2007 7:43am
Thanks very much for your efforts

Quoting PipHunter196
Here are the IBFX results for today:

EUR/USD = BuyStops Activated
Order #1 = +15 Pips
Order #2 = Broke Even
Order #3 = Broke Even

USD/JPY = No Trades Activated
Order #1 = +15 Pips
Order #2 = Broke Even
Order #3 = Broke Even

EUR/JPY = BuyStops activated
Order #1 = +15 Pips
Order #2 = +30 Pips
Order #3 = +50 Pips

Total: +125 Pips / +$110.56

Total For Week: +215 Pips / +$190.92

Please Note that I run the expert with set lots of .10 on a standard account with no trailing stop for test purposes. I also run a separate expert for each pair with the EAMagicNo changed for each pair. This is just my way of doing it. It is a very complicated expert and some have stated that it is not opening the correct amount of pending orders while using the same expert on all pairs at the same time.
[/quote]
  • #751
  • Oct 31, 2007 8:14am Oct 31, 2007 8:14am
If I wanted to turn off the "UpdateToBE" option, what figure should I enter?
Binary Options Trader
  • #752
  • Oct 31, 2007 8:32am Oct 31, 2007 8:32am
Quoting Yoda_Glenn
If I wanted to turn off the "UpdateToBE" option, what figure should I enter?
Just enter 0. I forgot to mention about it, sorry.

Pr1mer
  • #753
  • Oct 31, 2007 8:59am Oct 31, 2007 8:59am
I SEE THAT THE MASTER PROGRAMMER HAS RETURNED

YOUR FANTASTIC EA IS STILL RUNNING STRONG!

THANKS AGAIN FROM ALL OF US WHO HAVE BENEFITED!
  • #754
  • Oct 31, 2007 9:16am Oct 31, 2007 9:16am
Quoting Pr1mer
Just enter 0. I forgot to mention about it, sorry.

Pr1mer
Thanks. Good job on your programming, most EAs are crap, but I think the simplicity of this one will make it special. And thanks to mikelath for the trading concept. I will try to contribute to this thread with my own settings and ideas as well.
Binary Options Trader
  • #755
  • Oct 31, 2007 9:47am Oct 31, 2007 9:47am
Hola everyone

This is my first post but have been in here for a bout week or so, reading, looking testing the EA etc. The new one from Pr1mer seems to make some changes that are not working the same way the older version did. My understanding here is the when a order goes into trade and the first TP of 15 points is reached, then S/L is moved up from -30 points at opening to the opening price so you can get at least 15 pips profit and if the market turns against you, you are stopped out at entry level. Well last night and today, this is not working correctly. I read somewhere last week that we can set a True False indicator to move the TP on the last 50 points, which is good but today I was killed in the markets twice, one on the Aussie dollar where the first 15 pips where taken, and the Stop Loss did not move, it stayed the same -30 pips from entry point, i had to manually close the positions this morning after waiting about 2 hours for them to reach break even, Then on the EUR USD same thing, see below for figures

EUR - USD
Buy 3 Lots 1.4448 1.4418 1.4463 1.4363 = Profit of 15 pips 450 Big Bucks

The remaining two lots then where stopped out at 1.4418 losing 900 each. That one hurt the days balance let me tell ya's

AUD USD
Buy 3 Lots 0.9227 0.9197 0.9242 0.9242 = Profit of 15 Pips 450 big bucks
Remaining to positions S/L remains at 0.9197 until i closed them out at 0.9227 opening price.

And also EU JPY shorts are still in the line to buy even though the Longs where profitable, they should have canceled when the buys where trigged.

I read somewhere last week the new EA has a feature to manually adjust the last 50 pip profit strategy, however we are talking here about the system making sure that after first 15 pips profit the S/L is moved to opening price and this is not happening. Also finally can someone explain to me the concept behind the magic number and should this be changed for each currency pair you run it on and then who changes it and this would then mean if you run 5 pairs you have 5 different EA's on your system for each currency and how do you get this to work, place all 5 ea;s in the experts, etc, let me know am interested in this area.

OK for first post its a lot but these are some issues I got and would like resolved.

Gracias por todo
Pablo - Reddragon
  • #756
  • Oct 31, 2007 9:59am Oct 31, 2007 9:59am
Hola
Here is a spreadsheet I copied the information into so someone can see, what I am saying here without getting to confused, cause I certainly was when I wrote it
Attached File(s)
File Type: xls Daily Results For Post1.xls   17 KB | 796 downloads
  • #757
  • Oct 31, 2007 11:18am Oct 31, 2007 11:18am
plz,can u post the setup of this good system....?
i dont know how to make it work...
tnx.
  • #758
  • Oct 31, 2007 11:48am Oct 31, 2007 11:48am
Quoting tahshoon
plz,can u post the setup of this good system....?
i dont know how to make it work...
tnx.
It's in the first post.
Binary Options Trader
  • #759
  • Oct 31, 2007 1:33pm Oct 31, 2007 1:33pm
Please, help.
This new EA keeps doubling up usd/chf (the only pair)...
Thanks a million.
Does anybody have same problem?
  • #760
  • Oct 31, 2007 1:48pm Oct 31, 2007 1:48pm
Quoting reddragon
Hola everyone
Also finally can someone explain to me the concept behind the magic number and should this be changed for each currency pair you run it on and then who changes it and this would then mean if you run 5 pairs you have 5 different EA's on your system for each currency and how do you get this to work, place all 5 ea;s in the experts, etc, let me know am interested in this area.
When you want to use EA for different pairs just drag the EA on the charts with these pairs. This creates different instances of EA for each pair.
Each EA manages orders that have corresponding EAMagicNumber and current chart's symbol, so you do NOT need to change this setting when using only this EA for different pairs (although you can, like PipHunter196 does).
This setting is handy when you want to use this EA several times for the same pair or with other EAs (just check if it's not using the same magic - highly unprobable).
Hope this helps.

Cheers,
Pr1mer
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