newbie requires input

Hi,
Allow me to introduce myself.
My name is Jason and I am 37 years old and from Leicester in the UK.
I have been spreadtrading the FTSE 100 INDEX and DOW INDEX for fun
on and off for the last 6 years with Finspreads. Still at £-400!!!!
Please bear in mind that I did not own a computer back then!! I watched the tape on CNBC!

In this time I have realised that I am a mid to long term trader as I am interested in the long term trends.
To cut a long story short I have migrated to the beautiful Forex market and dicovered it to be more 'Trendy'
than the indices, and also I did not like the fact that the Dow can open up or down over 100 points when holding positions overnight. So I have been looking at Forex pairs for over a year now and have been demo'ing
a VT TRADER account on and off.
Through trial and error I have decided that the GBP/JPY is the one that suits my approach,
on a daily chart, please see attached image.
My set up is as follows also based on trial and error

30 day simple moving average
DMI 30
DMI 60
McClellan Oscillator (19,39)

One lucky day I discovered that the VT Trader allows for automated trading and was amazed when I saw
that one of them was the Directional Movement Index System. I started to run the autotrader,
however the signals given did not open the trade until the beginning of the next days bar and I found
that the position would enter the market too late.

I would like to know if a code can be written in VT that initiates the trade as soon as the arrows appear,
on the DMI 60 CROSS that will allow 2 lots per trade, take profit at 50 points on one and then let the other one be closed manually and this second lot will hopefully catch the mega trend.
The stop loss would exit the trade for a buy if the price goes lower than the low of the day that the trade was opened, and vice versa for the sell.
I am looking for 500 points per year only and would start with £1 per pip for the first year
and then £2 per pip for the second year , £4 for the 3rd, £8 for the 4th etc.
Unfortunately I cannot backtest this method on VT as it won't give me the price at which the moment the signal was given for past data so I can only backtest visually which we all know is worthless.
The problem I have is that the buy or sells are given when I am asleep or at work so I would appreciate it
if some one could put the above settings in their own systems and see it if would perform from historical data.
If someone wants to do this then 2 lots will be entered, one take profit at 50 and the other at 200 just for the sake of the backtest. (the second lot is discretionary in real trading as long as the high or low of the previous day is not hit.)
I am hoping this method will allow me (or you) to take advantage of the fact that this pair has tremendous movement on a daily basis and the DMI method can capture at least a small part of this.
If not then it's back to the drawing board!!
I hope you find this interesting and may I say that Forex Factory Rules, what a great forum!!
So much information, that I like to read when waiting for the proper set ups to occur.
Your input will be greatly appreciated.

Many Thanks

Slimcat

Do a search for a member called Bemac. he's the VT guru here

"VTttrader cannot place automated trades intrabar - only at the close of bar.
It doesn't matter what your take profit or stoploss are - automated trades will not execute during the bar even if these conditions are met. For example, if you're using a 15 minute chart and a trade executed and, let's say for the sake of argument, the price shoots up to +15 in the first 1 minute of that candle (bar) and you have an open buy trade with a take profit setting of 10 pips. The trade will NOT close at that time (and you shouldn't close it manually since doing so would mess up the trading system's logic for all future trades). It will, however, WAIT until that 15 minute bar closes (an additional 14 minutes) and IF at the time the bar closes (14 minutes later) the price is still above/below your take profit line only then will a trade action to close the trade be requested."

I love vtrader but at this moment in time I would not bother with their autotrade systems.

Is it possible to confirgure this system for at least auto signals on MT4?

Hi, I checked with VT Trader platform, and all I can see is the Directional Movement Index System is just a buy and sell for every cross of D+ and D- of a standard ADX indicator. Even on a daily chart, this system shows many failed trades. You cannot take every cross or trade signals. But, even if you trade with parabolic SAR direction, you will sure get many more better trades in a daily chart - check it with VT Trader platform. I am just putting forward my view. Also, if I were you, I will not stay with spreadbetting firms - will move to a forex broker.

thanks for responses so far guys...

Hi there. Correct. VT cannot place Intrabar Orders. All VT Orders are activated @ the Close of the Bar. {but Which Bar}

It may be possible to Open 2 separate Trades Automatically, but if you do not close them Automatically,individually OR simultaneously, your system will get off kilter.
First suggestion would be to open the TS for Editing and Click "Output Tab" then find the Output that is generating the Arrows {Signals}. Once you have found them, Flip them from "Buy" being "Below Price plot" to Above and vice versa for Sell.

Does your system still impress you?

The reason I suggest this is because numerous systems look good if you Only look at the arrows but you must remember "Mind The Gap" between the Arrow and the Price.

All that being said, there may be a work around if you still feel it's worth a shot. Rifle that is.