'Snap Crackle Pip' System | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker with a pip by pip trailing stop 24 replies

Pip by pip - my trading journal 21 replies

Elite eFibo Trader - 200 pip gain turns to 2000 pip gain 14 replies

GBP/USD daily pip movement vs. EUR/USD daily pip movement 3 replies

100 pip STOP for a 100 pip Target 7 replies

Attachments: 'Snap Crackle Pip' System
Exit Attachments

'Snap Crackle Pip' System

  • #41
  • Dec 20, 2007 5:19pm Dec 20, 2007 5:19pm
It will be nice if u also update this thread as any of the pairs crosses if u can. It will add value to this thread.

Keep up the good work....
  • #42
  • Dec 20, 2007 7:33pm Dec 20, 2007 7:33pm
Fellow traders,

I have every intention of giving great examples as to why I don't like to use stop losses with this system. The first attached example, if I had been using a 50 pip trailing stop, would have nabbed me a net gain of only 24 pips, instead of the current 90 pip run the USDCAD is on for me.

The second chart shows that if I would have used a 20 pip stop loss, I would have been closed out on the circled downward spike, missing the 130 pip current run I am on with the EURGBP.

So I now ask for those of you who are using stop losses with this; what levels of trailing stops and stop losses are you using or suggesting to use.

I have to point out that if you don't get into this system very quickly after your alert has been sent, you might miss the window in a short time.

One more thing to anyone who hasn't started this. NEVER enter a trade just because it is in a great up or downtrend. I only buy or sell when the alert is sent. Would I have loved to get in on the new EURUSD decline? Absolutely. But I'm not about to enter the trade now just because I have a 'hunch' that this pair is going to continue in a downward spiral. Those are called emotion positions, and they only seem to work out if you are a shaman and can also perform black magic....

And oooooh, I was right about the NZDUSD continuing to rise. But all of the credit goes to the man of the hour for posting it; Longboat.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture1.jpg Size: 110 KB
Click to Enlarge Name: Picture2.jpg Size: 104 KB
"60% of the time it works...every time"
  • #43
  • Dec 20, 2007 10:04pm Dec 20, 2007 10:04pm
Guys, just thought I'd show you the newest signal from AUDUSD that's hot off the press. I was in within 15 seconds fortunately. Hope you guys make your way in. But watch for whip-saws and reverse if necessary. Let it ride!
Attached Image (click to enlarge)
Click to Enlarge Name: Picture3.jpg Size: 60 KB
"60% of the time it works...every time"
  • #44
  • Dec 20, 2007 10:22pm Dec 20, 2007 10:22pm
Thanks Slade, I also saw this a tad bit latter got in about 10 pips above you. If it breaks the recent resistance level of 0.8645 it should be off and running.

Gmoney
  • #45
  • Dec 21, 2007 3:48am Dec 21, 2007 3:48am
Stop loss are for the brokers, instead us , as traders , must have our stops in our mind.....
  • #46
  • Dec 21, 2007 5:10am Dec 21, 2007 5:10am
USD/JPY just trigered buy @113.32...

Third triger in 2 days...cool
  • #47
  • Dec 21, 2007 5:37am Dec 21, 2007 5:37am
Quoting Gmoney
Thanks Slade, I also saw this a tad bit latter got in about 10 pips above you. If it breaks the recent resistance level of 0.8645 it should be off and running.

Gmoney
Gmoney,

Good call on AUDUSD breaking resistance. She is up and running. Everyone should have received new Buy signals for:

EURCHF at 7:00 AM GMT

USDJPY at 11:00 AM GMT

Keep an eye out on the EURUSD cross to the long side and be ready to pounce everyone. Currently, the NZDUSD pair is enjoying quite the ride, with no spikes, but very steady 1hr bars on the long side.

I currently can't sleep. Must mean Santa is coming to bring more pips.
"60% of the time it works...every time"
  • #48
  • Dec 21, 2007 7:26am Dec 21, 2007 7:26am
Hi Slade,
I went to my ISP so secure their SMTP i need to be getting my alerts but one of the officials told me they are not about to release it for public use now.I was sad to hear that.Slade pls,any alternative option to get the alert working.

Thanks.
with GOD all PIPS are possible
  • #49
  • Dec 21, 2007 7:56am Dec 21, 2007 7:56am
Hi All,

Just tried VT Trader now and noticed that they have an auto trading system for MA crossing. Am trying it out now to see how it works. This may also give an idea of how the EA should run.

Still watching out for the EUR/USD....almost...Almost...

Cheers.
  • #50
  • Dec 21, 2007 8:17am Dec 21, 2007 8:17am
Quoting Ibuks
Hi All,

Just tried VT Trader now and noticed that they have an auto trading system for MA crossing. Am trying it out now to see how it works. This may also give an idea of how the EA should run.

Still watching out for the EUR/USD....almost...Almost...

Cheers.
Good idea Buk, keep us informed. I also have an EA that I am working on. Considering the holidays, and the fact that I honestly don't like EAs, it may be a while before this surfaces. Hope yours works well and that you got in on the aformentioned pairs. Keep hoping for the EURUSD, I would like to see that trend for a while. Sounds kind of unAmerican actually.

Good luck.
"60% of the time it works...every time"
  • #51
  • Dec 21, 2007 8:28am Dec 21, 2007 8:28am
Quoting Omega
Hi Slade,
I went to my ISP so secure their SMTP i need to be getting my alerts but one of the officials told me they are not about to release it for public use now.I was sad to hear that.Slade pls,any alternative option to get the alert working.

Thanks.
Omega. That's a bummer. Somer ISPs will do that to prevent hackers from adding unwanted traffic through their server. Sounds to me like they need to stop worrying about it and get some better programmers. Either way, I heard that Google's Gmail will allow you to use their free SMTP server if you sign up for a free Gmail account. You would put in smtp.gmail.com and then fill in [email protected] for the to and from.

Or Yahoo: smtp.mail.yahoo.com and get [email protected] for free

Note: I don't know if Yahoo or Gmail work with MT4, haven't tried their SMTP.

There are also small programs that you can download to your computer that allow you to turn your own home into an SMTP server, bypassing the need for your ISPs server. To free examples are found Here.

Any other suggestions from the forum? I guess you could just try using a random SMTP server with your email address to see if they allow it to go through soft. Couldn't hurt!
"60% of the time it works...every time"
  • #52
  • Dec 21, 2007 9:19am Dec 21, 2007 9:19am
Hi everyone,

EUR/USD has finally triggered....

I wish all of us a massive pips....
  • #53
  • Dec 21, 2007 9:21am Dec 21, 2007 9:21am
Thank Goodness the GBPJPY rebounded!! I am within a few pips of break even with the help of the NZDUSD and now EURUSD, which gave a signal that I got in on a few pips late, but in nonetheless.

Believe it or not, I came within a measly 2% of a margin call!! Didn't follow my rules. Learned a lesson. And I love this system.

Watch for the GBPJPY to give a signal.
  • #54
  • Dec 21, 2007 9:34am Dec 21, 2007 9:34am
Quoting tourderob
Thank Goodness the GBPJPY rebounded!! I am within a few pips of break even with the help of the NZDUSD and now EURUSD, which gave a signal that I got in on a few pips late, but in nonetheless.

Believe it or not, I came within a measly 2% of a margin call!! Didn't follow my rules. Learned a lesson. And I love this system.

Watch for the GBPJPY to give a signal.
Oh Tourder,

I'm so glad you learned a scary lesson in money management. I couldn't be more happy that someone loves this system besides me. I think we have all seen lately the great entries we are getting into all of the major pairs. It's about time for the EURUSD to rebound hard. And I'm closing all of my positions tomorrow because of no internet over the holidays. I think I might enjoy that for a while.

Good luck everyone.
"60% of the time it works...every time"
  • #55
  • Dec 21, 2007 2:20pm Dec 21, 2007 2:20pm
Quoting slade15342
Omega. That's a bummer. Somer ISPs will do that to prevent hackers from adding unwanted traffic through their server. Sounds to me like they need to stop worrying about it and get some better programmers. Either way, I heard that Google's Gmail will allow you to use their free SMTP server if you sign up for a free Gmail account. You would put in smtp.gmail.com and then fill in [email protected] for the to and from.

Or Yahoo: smtp.mail.yahoo.com and get [email protected] for free

Note: I don't know if Yahoo or Gmail work with MT4, haven't tried their SMTP.

There are also small programs that you can download to your computer that allow you to turn your own home into an SMTP server, bypassing the need for your ISPs server. To free examples are found Here.

Any other suggestions from the forum? I guess you could just try using a random SMTP server with your email address to see if they allow it to go through soft. Couldn't hurt!
I have a gmail account and did what you advised but I get a successful que of the test message but an error delivery message that I need to issue a STARTTLS command first with a number and letter prefix after the message. Any ideas?
thanks
Rob
  • #56
  • Edited 3:57pm Dec 21, 2007 3:39pm | Edited 3:57pm
Quoting Longboat
I have a gmail account and did what you advised but I get a successful que of the test message but an error delivery message that I need to issue a STARTTLS command first with a number and letter prefix after the message. Any ideas?
thanks
Rob
Rob,

I understand the basics of STARTTLS, but I don't know the specifics you would have to use in this case. STARTTLS is basically a way to authenticate what is being sent through an SMTP server. It is the SSL that you see everywhere (online merchandise stores like Amazon have to verify this security full time and post it).

If you are using your ISPs SMTP, I really don't know what to tell you because each code could be different. For businesses, these activation keys appeared to be sent out in the form of "keycerts".

Now looking back, I think gmail needs authentication, and you can't use the smtp.gmail.com server. Like I said, I never used their server. And I tried logging in with my account too Rob and I got the error you got.

Sorry if I was of no help, I tried.
"60% of the time it works...every time"
  • #57
  • Dec 21, 2007 11:20pm Dec 21, 2007 11:20pm
Do you have an email client? MT4 uses your email client to actually send the email. I use Outlook and Outlook Express and have no problems. I think you can use Eudora and possibly Thunderbird as well. I use Yahoos SMTP servers but I believe I had success with Gmail as well.

Also, one thing that tripped me up for the longest time, Under the "From" and "To" on the email tab of options, dont forget to put a name first and followed by a comma, then the email address. ex "Jai, [email protected]".
  • #58
  • Edited 10:14am Dec 22, 2007 9:26am | Edited 10:14am
Well, I thought I would post my results, including small lost trades while I changed directions to catch the next trend. I am quite pleased with the results. What I am not pleased about is not taking more care to close my open trades before I disperse for the holidays. I guess it's time to utilize that trailing stop I rarely use. Either way, here they are, and I have indicated if they are open or closed. One more thing; I made one trade before the 19th (USDCAD on the 17th) before I posted this thread, and this is when I strictly started following this system. These are all of the trades that I was able to get to. Hope looking at this helps. I would love to see some othe people post how they have done with this. Tourder, Omega, anyone? Merry Christmas and a happy new year, my next post probably won't be for a few days.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 92 KB
"60% of the time it works...every time"
  • #59
  • Dec 22, 2007 11:32am Dec 22, 2007 11:32am
Quoting traderjai_inhi
Do you have an email client? MT4 uses your email client to actually send the email. I use Outlook and Outlook Express and have no problems. I think you can use Eudora and possibly Thunderbird as well. I use Yahoos SMTP servers but I believe I had success with Gmail as well.

Also, one thing that tripped me up for the longest time, Under the "From" and "To" on the email tab of options, dont forget to put a name first and followed by a comma, then the email address. ex "Jai, [email protected]".
Thanks. i put my name in and I get an error message that I can't connect to stmp.gmail even though I put my correct username and password for gmail in tool>email etc....
I guess I'll call my ISP Comcast and try theirs. Any other ideas?

By the way great results SLADE! I am down some on my open eur/usd
  • #60
  • Dec 22, 2007 3:53pm Dec 22, 2007 3:53pm
Quoting Longboat
I can't connect to stmp.gmail
just making sure this isn't a typo, should be smtp.gmail
0 traders viewing now