Evaluation of pipfinite Trend Pro EA Results

Hi. First apologize my ignorance about the next question : I attached a Screenshot of the EA for the €/$ with standard settings... And there is something I can't understand .. Trade 1, Buy 0.10 units at 7.05h and close only 0.05 units at 7.24h. At this time it operate order 2 also Sell 0.05 units BUT AT THE 7.05h price! How can this be.. Also, at which moments it will be closed the other 0.05 units from the 1' order? The same happens all time...if I change TP2 into False, this didn't happens, but it seems more profitable the standard options with all in true.. If please anyone one could explain me... Thanks in advance

I do not quite see which Trade 1 you mean; unfortunately the opening is not visible on the screenshot.
You say you used totally default settings; so with exit at opposite signal (or off)?!

Sorry, some words in the Screenshot are in Spanish . The word "Orden" means Trade... You see Orden 1 Sell 0.10 units at 7.05h at 1.1347 and closed at 7.24h at 1.13399.Then Orden 2 again a new Sell order at 7.24h but to the price of 7.05h of 1.13347...where are the other not closed 0.05 units of Orden 1? The same Buy order, Orden 3 and so on... The defaults settings are TP1 True, TP2 True Exit Opposite signal True... In any case I send you an email

This is another version, that does not use martingale.
I think marti is what caused some problems.
It expires on 05.01.19



However, please be aware that 'exit at opposite' signal needs to happen on both timeframes,
higher and lower, before it takes action.

Hi AndrewBa

do you have EA for mt5

Hi Juan,

no, sorry; but I think results will be same as on mt4, right...

Regards

Hi AndrewBa,
Happy New Year! I trade Futures and my broker only offers MT5. So, similar to Juan, a MT5 version will be nice. Will you be willing to build a similar version for MT5?

Thanks for your support.

TasMan

Dear Andrew,

I just send you an email to order the EA. I read somewhere in previous communications that you stopped the development of this EA, but I have one request to consider. When ranging, you loose money, that is for sure, but even if it is not ranging (nobody knows when it will range or goes up / down), after the buy/sell signal is given, it first retrace for xx amount of pips. I had a check on one of the pairs and in 8 out of 10 signals, it first retraced. In case of 30minutes and on GBPNZD (i just had quick scan, succesrate of this pair in 30min = 74%) I counted between 12 and 20 pips retrace in most of signals before running into profit.
Ofcourse, the level of retrace depends very much on the timeframe select. In case of 4H it can be much more and in case of 1D the retrace will runt into SL before running into profit. (I had a quick check and I counted around 150 pips retrace in few cases, before entering into profit, since the final result was still OK)

At the moment, when a signal is coming (but most of them I miss since I have regular job as well ) I always set buy or sell level xx amount of pips above or below. And to be honoust, I still get into most of the trades. So, easy pips earned (or less loss in case it runs into SL)

Anyway, my question is : is it possible to add function to set Buy or Sell Limit xx amount of pips ? (or maybe the function is already in the EA which I overlooked) This maybe interesting for other traders using the EA as well ?

Ofcourse, as result you may miss some trades, but on the other hand, in case it may start ranging you still may win a little or limit the loss. And I feel it is better to have fewer trades with good results than more trades with so so results.

Anyway, thanks for considering and with best regards,

Robbert

Hi,
well no, I have no mt5 version and I don't think that it makes sense, as after various backtests etc. the EA does not seem to be profitable enough in the long run (besides that I am not familiar with mql5).

Yes, this function is already included in the EA; Trade Open Type, you can select between Pending Stop and Limit Orders that shall be placed x pips away from actual signal.

By the way, this is the input description for the recent version:

I suppose you know what Market Orders are, Pending Orders are being divided into Stop Loss Orders and Limit Orders:
> A stop order, also referred to as a stop-loss order, is an order to buy or sell a currency once the price reaches a specified price, known as the stop price.
> A limit order is an order to buy or sell a currency at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.
The success rate belongs to the indicator input parameters, for understanding the indicator better please visit www.mql5.com/en/blogs/post/713938
The success rate is valid on the lower timeframe, on which the trade is being executed. On the higher timeframe only the signal (buy/sell) is being incooperated
[When a signal on higher or lower timeframe appears, the trade will be executed on next candle. That means when on 4h timeframe a signal was observed, on the next candle this trade will be executed > high timeframe 4h/ low tf 5 min - buy signal on 4h timeframe; on next 4h candle buy entries will be searched and executed on 5 minute timeframe]
X pips for pending orders means the pips, the price has to move into profit direction before trade is being executed
Total equity risk - If you want to risk 20%, enter 20
Alerts is self explaining I guess.
Trailing Stop: Trailing Start means the price has to move x pips into profit direction, before the trailing starts. Trailing then starts with x pips of Trailing Distance [therefore always have Stop Loss; when Tr. Stop will not be activated because Trailing Start was not triggered you'll have no Stop Loss]
GMT Mode / offset: Most brokers have this time setting by default, you can switch Winter Time on/off
Period and Target Factor also belong to the indicator specifications; maybe a higher period and / or lower target factor can lead to more stable profits, while the other way round it is more speculative

What comes in addition is the news filter (stop trading x minutes before news until x minutes after news), ma filter and the function 'move stop loss to TP1 price zone once TP1 was reached'. You will find this function at the bottom of the inputs.

Do you think Pipfinite is a good indi for manual trading && for EAs?

Honestly, I do not use it for manual trading because I have no time for it, but as EA it does not perform that well.
You can see the backtests I made on page 5.
I had the hope that some other users that obtained the EA from me would post their results here; but unfortunately no one did.

But I have cleared the problems and misunderstandings of the marti version of the EA;
it works with a semi closing system: Tp1 and Tp2 switched to true means, that after Tp1 is being reached and half position closed the remaining half is also being split into two parts; the first part is being closed with Tp2 and the rest with trailing stop.



Any old customer can use this version with his old password:

swingman can you share fxglow indicator i have been looking for this indi i have the fxglow filter but need the fxglow smart trader indi if you can that would be great
thanks

hi,,

is this the one you r asking...if so ..pl have it.

Hi,

I want to know about trading with the two take profits.
Once the first is hit, I should add a trailing stop on the second?

Hi,

no, when you select both, TP1 and TP2 to be true and add trailing stop (just set a random pip size for tr. stop), the EA will divide the TP2 package into two parts (just as it has done with TP1 and TP2 before).
The first part will be closed with TP2, the second with trailing stop hit.

But always use a starting lot of minimum 0.04, because the second package (which then will be 0.02 lot) has to be able to be divided into two.

Regards

Hey there,

I have modified the last version a little bit.

Now you can decide whether 'exit at opposite' signal shall only be active on higher or (only) on lower or on both.
Until now it had the problem, that 'exit at opposite' signal was only true, when it happened on both timeframes, leading to no exit at opposite signal when it only appeared on lower timeframe (or waiting for its appearance on higher timeframe, which could waste a lot of time).

Everyone who has bought the EA from me can use it with the old password again.

Keep in mind: Switching the 'exit at oppsite signal on higher/lower timeframe' on will lead to an exit on the featured timeframe;
it you switch both to true the first 'exit at opposite' signal will be obeyed.

Cheers

how can i buy this EA? and where can find the details of EA description? thanks

Hi,

thanks for purchasing; I have send you the password now.
Very soon I will release a new input description for this EA.

Regards

Hi,
I have purchased pipfinite trend pro, how can i get the password ? my email is [email protected]