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NipThePips' Boomerang

  • #41
  • Jun 26, 2007 5:26am Jun 26, 2007 5:26am
Quoting Mina
thanks for sharing nipthepips, I've been developing a similar sar system for a while now but my main delimma is news release. you previously answered :

here's why news release is BAD for stop and reverse systems ( if you're on the wrong side before the release ) just to mention a few :slippage, requotes, spread widining or even not getting filled and that would definitely mess up your sar sequence I mean if you reverse direction every 5 pips what if you get filled 10 or 20 pips away from your last order ?
any ideas anyone ??

Ahhh I see...guess I must of just been lucky then. You are right, I can see that happening. So it might be best to aviod news releases...but my most active tradingtime is like 2am-6am EST, and there is rarely a news release then.
Nothing is hard, some things just take more time and discipline.
  • #42
  • Jun 26, 2007 5:27am Jun 26, 2007 5:27am
Quoting diallist
.


Great diallist....Thnx for the info.

Is there a way to have the MA display the price it crossed the bar at?
Nothing is hard, some things just take more time and discipline.
  • #43
  • Jun 26, 2007 5:38am Jun 26, 2007 5:38am
Quoting ljyljl5555
maybe someone could program an EA using this trading system.. Then we could all earn pips while having time to do the things we like.. like having a pepperoni pizza..

I just had some pepperoni pizza around midnight....it was a long trading night...the trade i took last night had 3 bounces! Ended up ending in 8 pips profit...didnt have the patience to wait to see what happens...and when I look at the charts this morning, it seems that it was wise choice

It seems that my entry label got deleted by mistake off of the picture....my entry was the 4th doji from the number one (counting to the left)


http://img405.imageshack.us/img405/1...httradetq0.gif


-Nip
Nothing is hard, some things just take more time and discipline.
  • #44
  • Jun 26, 2007 8:23am Jun 26, 2007 8:23am
Quoting NipthePips
Great diallist....Thnx for the info.

Is there a way to have the MA display the price it crossed the bar at?
Just get it from the data window aye...
  • #45
  • Jun 26, 2007 8:26am Jun 26, 2007 8:26am
Quoting Palmer
Just get it from the data window aye...
Or, hover the mouse curser over the point on the MA you want a price for and it will bring up a little tan box with the data.
  • #46
  • Jun 26, 2007 4:23pm Jun 26, 2007 4:23pm
Quoting NipthePips
I just had some pepperoni pizza around midnight....it was a long trading night...the trade i took last night had 3 bounces! Ended up ending in 8 pips profit...didnt have the patience to wait to see what happens...and when I look at the charts this morning, it seems that it was wise choice

It seems that my entry label got deleted by mistake off of the picture....my entry was the 4th doji from the number one (counting to the left)


http://img405.imageshack.us/img405/1...httradetq0.gif


-Nip
Thank you very much for an excellent method. Please can you illustrate your
exact TP and SL using this example for GBOUSD

Bid 1.9970
Ask 1.9973


Thanks
  • #47
  • Jun 26, 2007 6:02pm Jun 26, 2007 6:02pm
Quoting smjones
Or, hover the mouse curser over the point on the MA you want a price for and it will bring up a little tan box with the data.

thanks for the info
Nothing is hard, some things just take more time and discipline.
  • #48
  • Jun 26, 2007 6:03pm Jun 26, 2007 6:03pm
Quoting aelimian
Thank you very much for an excellent method. Please can you illustrate your
exact TP and SL using this example for GBOUSD

Bid 1.9970
Ask 1.9973


Thanks

If you use the excel spread sheet that is included with this method, just type in the "entry price" 1.9970

And then add 3 pips to whatever the TP that it says...so if it says tp 1.9980, you really want 1.9983

Same for stop
Nothing is hard, some things just take more time and discipline.
  • #49
  • Jun 27, 2007 12:14am Jun 27, 2007 12:14am
Thanks from one more person for sharing
your hard work so unselfishly! Really wonderful of you!


FXS
  • #50
  • Jun 27, 2007 5:19am Jun 27, 2007 5:19am
here ' s another variation to the strategy

http://www.forexfactory.com/showthread.php?t=31337

blackbeard grid by tdion

while he keep the position open and hedge the loss till profit, you close it to reduce risked pip, but take the loss first.

maybe there can be a good discusion with him around
  • #51
  • Jun 27, 2007 7:57pm Jun 27, 2007 7:57pm
that strategy seems quite different
  • #52
  • Jun 27, 2007 9:09pm Jun 27, 2007 9:09pm
Quoting hndymann
that strategy seems quite different

LOL, I hear that a lot lately
Nothing is hard, some things just take more time and discipline.
  • #53
  • Jun 27, 2007 10:49pm Jun 27, 2007 10:49pm
Here is an indicator I threw together for this strategy.

enjoy,

Luke
Attached File(s)
File Type: ex4 NipThePips Indicator.ex4   4 KB | 443 downloads
File Type: mq4 NipThePips Indicator.mq4   3 KB | 581 downloads
  • #54
  • Jun 27, 2007 10:50pm Jun 27, 2007 10:50pm
Quoting NipthePips
LOL, I hear that a lot lately
Nip,

I was talking about the strategy in the previous post.

Luke
  • #55
  • Jun 27, 2007 11:01pm Jun 27, 2007 11:01pm
Quoting hndymann
Nip,

I was talking about the strategy in the previous post.

Luke

AHHH I SEE.

Yea, I dont see the relationship between the two strats either
Nothing is hard, some things just take more time and discipline.
  • #56
  • Edited 11:26pm Jun 27, 2007 11:06pm | Edited 11:26pm
Quoting hndymann
Here is an indicator I threw together for this strategy.

enjoy,

Luke

Thnx a lot...but I am having trouble understanding what it exactly indicates....it seems that it only makes the dot after the candle has closed...by then it is not useful.

Maybe i am reading it wrong


Nevermind...had to run it through strat tester to see it work..great stuff man. Even though it only gives the initial signal, which is onlyl part of the trade...I guess that could be helpful in making it easy to spot the initial signal....But with a tweak this indicator is great for another method i am testing.
Nothing is hard, some things just take more time and discipline.
  • #57
  • Jun 28, 2007 12:14am Jun 28, 2007 12:14am
Quoting NipthePips
Thnx a lot...but I am having trouble understanding what it exactly indicates....it seems that it only makes the dot after the candle has closed...by then it is not useful.

Maybe i am reading it wrong


Nevermind...had to run it through strat tester to see it work..great stuff man. Even though it only gives the initial signal, which is onlyl part of the trade...I guess that could be helpful in making it easy to spot the initial signal....But with a tweak this indicator is great for another method i am testing.

well i just found out that i read the strategy wrong... i though your entry was when the bar closed... i now see that you just enter when the price is within the range
  • #58
  • Jun 28, 2007 7:20am Jun 28, 2007 7:20am
Quoting NipthePips
AHHH I SEE.

Yea, I dont see the relationship between the two strats either
here ' a pic from his thread
L = long
S = short
red & green = price movement

ofcourse the pip value and all has diffrent character, but the placement is simmilar.
Attached Image
  • #59
  • Jun 28, 2007 8:59am Jun 28, 2007 8:59am
Quoting hndymann
well i just found out that i read the strategy wrong... i though your entry was when the bar closed... i now see that you just enter when the price is within the range

Well it still seems your indicator places a buy or sell dot at the opening of the next bar (If the criteria are met).....which is what we need. So you are not completely off...I was just saying it only indicates the initial signal...which is cool.
Nothing is hard, some things just take more time and discipline.
  • #60
  • Jun 28, 2007 9:00am Jun 28, 2007 9:00am
Quoting Gwan
here ' a pic from his thread
L = long
S = short
red & green = price movement

ofcourse the pip value and all has diffrent character, but the placement is simmilar.

Ohh I see.
Nothing is hard, some things just take more time and discipline.
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