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Daily95pips

  • #261
  • Sep 10, 2007 7:25pm Sep 10, 2007 7:25pm
Quoting bksujal
Please remember 17 Et to 17 Et only nothing before or after that
Regards,
Bksujal
Hi Bksujal,

After you have calculated your entry point and are ready to enter your order, what if the price is already past your entry point? The price may be still be biased towards the high or low of the previous 24 hours, but it could easily be past your entry point. For instance, let's say you calculate a short entry point at 157.17 on Eur/Jpy but at 1700, the current price is 156.85. Do you just place a market order at the current price, or skip trading that day?

Bruce
  • #262
  • Sep 10, 2007 7:31pm Sep 10, 2007 7:31pm
HI Mike,

Maybe you can ad from time to time some clarifications on the systems, like in your post 230, but more precise.
We have 1)the original 95 pips strategy
2) the 95 pips enhanced by Bullrock ( not very clearly written, maybe he or you can clarify a little his last version and rules)
3) the Bksujal 50 pips strategy ( some more clarification on the s/l and t/p on the diferent pairs would be nice, maybe you can run 2 units on demo > one 20/40 and one 40/80?)

regards,
vanupips
  • #263
  • Sep 10, 2007 9:24pm Sep 10, 2007 9:24pm
Today seems like we are unlucky since our most orders must have not been completed. But i traded in the eur/usd today and earned 25 pips on each lot.
Regards,
Bksujal
  • #264
  • Sep 10, 2007 9:33pm Sep 10, 2007 9:33pm
Quoting brucehvn
Hi Bksujal,

After you have calculated your entry point and are ready to enter your order, what if the price is already past your entry point? The price may be still be biased towards the high or low of the previous 24 hours, but it could easily be past your entry point. For instance, let's say you calculate a short entry point at 157.17 on Eur/Jpy but at 1700, the current price is 156.85. Do you just place a market order at the current price, or skip trading that day?

Bruce

BKsujal - What do you do when price action has already passed the entry point @17:00 GMT as Bruce noted above?


T4K
  • #265
  • Sep 10, 2007 9:56pm Sep 10, 2007 9:56pm
Quoting bksujal
Today seems like we are unlucky since our most orders must have not been completed. But i traded in the eur/usd today and earned 25 pips on each lot.
Regards,
Bksujal
Dont they have the rest of the night (and day) to play out?
Have you ever lost pips with your system so far?
What win/lose ratio would you say you have gotten
from your method?
  • #266
  • Sep 10, 2007 10:28pm Sep 10, 2007 10:28pm
I think Bksujal's system is functional, based on chart obserations over the last month. However, I believe there's a more conservative approach to consider that can yield 25+ pips per day.

Here it is:
Instead of focusing on the prior day's high & low, consider the prior day's close. Thereafter, add 20% of ATR (5) for a long position and subtract 20% of ATR (5) for a short position. Include TS of about 35, with a TP of 45 and a SL of 40.

Test it... it works...

Thanks,
Walt
  • #267
  • Sep 11, 2007 12:54am Sep 11, 2007 12:54am
Jones247,

Is the ATR(5), the Hi and Lo over the past 5 periods on an hourly chart? Is that the last 5 hours Hi and Lo, then?

What testing have you done to determine the TS, SL and TP? Are you discarding bksujals'd 1:2 risk to reward ratio?

Please disclose more about your strategy.

Many thanks in advance.
  • #268
  • Sep 11, 2007 4:11am Sep 11, 2007 4:11am
hello guys good afternoon from here i hope many people have locked in some pips in eur/jpy my short trade entry was 157.12 and closed the position @ 156.40 a nice 72 pips and also earned in gbp/usd entered long @ 2.0265 and closed the position @ 2.0300 a nice 35 pips.
So my results for today are
Eur/jpy = 72 pips
Eur/Usd = 25 pips
Gbp/Usd = 35 pips
Someone asked about my win ratio well its a 100%!!! to be honest with you guys, but its important to know that i am just using this strategy since 2 weeks.
Regards,
Bksujal
  • #269
  • Sep 11, 2007 4:25am Sep 11, 2007 4:25am
Quoting vanupips
HI Mike,

Maybe you can ad from time to time some clarifications on the systems, like in your post 230, but more precise.
We have 1)the original 95 pips strategy
2) the 95 pips enhanced by Bullrock ( not very clearly written, maybe he or you can clarify a little his last version and rules)
3) the Bksujal 50 pips strategy ( some more clarification on the s/l and t/p on the diferent pairs would be nice, maybe you can run 2 units on demo > one 20/40 and one 40/80?)

regards,
vanupips
Hi vanupips.
You might want to ask Bullrock and Bksujal the above questions about their approaches.
If you have any questions regarding the Daily95pips strategy you're welcome to ask me.
mike:
  • #270
  • Sep 11, 2007 4:27am Sep 11, 2007 4:27am
Quoting bksujal
hello guys good afternoon from here i hope many people have locked in some pips in eur/jpy my short trade entry was 157.12 and closed the position @ 156.40 a nice 72 pips and also earned in gbp/usd entered long @ 2.0265 and closed the position @ 2.0300 a nice 35 pips.
So my results for today are
Eur/jpy = 72 pips
Eur/Usd = 25 pips
Gbp/Usd = 35 pips
Someone asked about my win ratio well its a 100%!!! to be honest with you guys, but its important to know that i am just using this strategy since 2 weeks.
Regards,
Bksujal
Hi Bksujal,

I asked a question a few posts back, maybe you didn't see it. I was wondering what you do in the case where at 17:00 the price is already past your calculated entry point? Do you take the trade at the market? For instance, I show on my charts that at 17:00 ET the E/J candle opened at 156.94 with a high of 156.95. I had 157.12 calculated as the proper entry price as well.

Bruce
  • #271
  • Sep 11, 2007 4:28am Sep 11, 2007 4:28am
Quoting jones247
I think Bksujal's system is functional, based on chart obserations over the last month. However, I believe there's a more conservative approach to consider that can yield 25+ pips per day.

Here it is:
Instead of focusing on the prior day's high & low, consider the prior day's close. Thereafter, add 20% of ATR (5) for a long position and subtract 20% of ATR (5) for a short position. Include TS of about 35, with a TP of 45 and a SL of 40.

Test it... it works...

Thanks,
Walt
Hi jones247.

Thanks for the input.
This gives us all yet another system to trade. I can see the potential.

mike
  • #272
  • Sep 11, 2007 4:33am Sep 11, 2007 4:33am
Enter 5 units (5 minilitots, 5 lots, 5*0.2 minilots, whatever).
Long: Prev days (Close at 22 GMT) High + 1 pip Short: Low - 1 pip
Take profit as follows 1st unit at 15% of the daily ATR(14) + Entry, 2nd unit at 30% of the daily ATR(14) and so on. Leave unit 5 till the end of the day if in profit or leave to the next day if in loss and SL hasn't been hit.. Enter next units as described.. (You can have many unit 5s if you do not close them consecutively). Move to breakeven the SL of ALL units if take profit 2 has been hit.

I have found an error in my calculations but the result doesn't changes much.

Hope this helps.
bullrock

Quoting bullrock
A bit of this and that.

So I have made a bit of analysis in excel.
There can be problem with the accuracy because I have done the analysis on daily data. The analysis takes into consideration only the long side.
The strategy:
5 units -> 4 TP + 1 EOD
TP1 15% of the daily ATR(14)
TP1 30% of the daily ATR(14)
TP1 45% of the daily ATR(14)
TP1 60% of the daily ATR(14)
SL is 20% of the daily ATR(14)

The analysis:
Gu from 1999.09.14 - 2007.08.31 or 2073 days
Only long side. (I was lazy )

Total:
TP1 = 15 890.7 pips
TP2 = 22 101.8 pips
TP3 = 22 381.7 pips
TP4 = 20 614.1 pips
EOD = 41 633 pips
Total = 122 621.2 pips without the losses

Losses without break even and without sl that is close at the end of the day: -298 918 pips
Result: -176 296 pips or -85 pips a day.
Clearly this way it is a looser strategy.

Losses with moving to be after TP2 is hit: -112 214 pips
Result: +10407.2 pips or 5 pips a day or 1 pip a day / unit
It is better but this is still something I wouldn't go for.

Now let us see the effect of 20% of SL of the ATR(14) and move to BE when TP2 is hit: -26 402.8 pips
Result: +96 209.4 pips or 46 pips a day or 9.2 pip a day / unit

Well this is not too bad.

Have fun.
Regards
bullrock
.
  • #273
  • Sep 11, 2007 4:33am Sep 11, 2007 4:33am
Quoting brucehvn
Hi Bksujal,

I asked a question a few posts back, maybe you didn't see it. I was wondering what you do in the case where at 17:00 the price is already past your calculated entry point? Do you take the trade at the market? For instance, I show on my charts that at 17:00 ET the E/J candle opened at 156.94 with a high of 156.95. I had 157.12 calculated as the proper entry price as well.

Bruce
Sorry mate i didnt see your post before. I do not trade at the market price even though its below my entry price. I placed an order and thats it, fortunately it was executed and sucessful.
Regards,
Bksujal
  • #274
  • Sep 11, 2007 4:43am Sep 11, 2007 4:43am
One can have multiple SLs or modify the TP levels to be at pivot points, retracement levels, SR levels of trendline or moving averages. Everyone should work out what is best for him/ But the main thing with multiple TP levels we are trying to capture pips from the market even if it is spiking and the 5th extr unit is supposed to capture trending markets.
.
  • #275
  • Sep 11, 2007 4:45am Sep 11, 2007 4:45am
Quoting bksujal
Sorry mate i didnt see your post before. I do not trade at the market price even though its below my entry price. I placed an order and thats it, fortunately it was executed and sucessful.
Regards,
Bksujal
Hi Bksujal,

Thanks for the reply, but I'm a bit confused. You put in your trades at 17:00 ET every day, right? But based on the data on my charts, I don't see that I could have possibly gotten that price at that time. It was already at 156.94 and went down from there. Maybe there's a time discrepancy? Are you in the US? If not, what time in GMT do you place your trades? Right now it's about 09:45 GMT and EDT (Eastern Daylight Time) is 05:45. Currently, Eastern Time in the US is GMT -4 due to daylight savings time.

Bruce
  • #276
  • Sep 11, 2007 4:52am Sep 11, 2007 4:52am
Quoting brucehvn
Hi Bksujal,

Thanks for the reply, but I'm a bit confused. You put in your trades at 17:00 ET every day, right? But based on the data on my charts, I don't see that I could have possibly gotten that price at that time. It was already at 156.94 and went down from there. Maybe there's a time discrepancy? Are you in the US? If not, what time in GMT do you place your trades? Right now it's about 09:45 GMT and EDT (Eastern Daylight Time) is 05:45. Currently, Eastern Time in the US is GMT -4 due to daylight savings time.

Bruce
Hey bruce i am gmt+4 and i place my trade at 17 et which is -4 GMT.
  • #277
  • Sep 11, 2007 4:56am Sep 11, 2007 4:56am
Quoting bullrock


Losses without break even and without sl that is close at the end of the day: -298 918 pips
Result: -176 296 pips or -85 pips a day.
Clearly this way it is a looser strategy.

bullrock
What will happen if we open positions in opposite direction? Will we earn 85 pips daily?
  • #278
  • Sep 11, 2007 4:56am Sep 11, 2007 4:56am
Quoting bksujal
Hey bruce i am gmt+4 and i place my trade at 17 et which is -4 GMT.
OK, so you place your trades at 21:00 GMT, which is 01:00 in your local time, correct?

Bruce
  • #279
  • Sep 11, 2007 5:41am Sep 11, 2007 5:41am
sorry , i've read all the threads,but i don't undestand how do you use the atr indicator and, how do you decide to go long or short.

For the time now for you is about 10:40?

And you place the order at your 13:00?




Sorry again,

thank you


Quoting bksujal
Hey bruce i am gmt+4 and i place my trade at 17 et which is -4 GMT.
Financial Freedom
  • #280
  • Edited 5:57am Sep 11, 2007 5:44am | Edited 5:57am
Quoting brucehvn
OK, so you place your trades at 21:00 GMT, which is 01:00 in your local time, correct?

Bruce
Bruce, if I may, the way I have understood his posts to say is this: he waits for the daily candle to end at 5:00 pm eastern time in the US. As soon as he makes his calculations, he places his trades regardless of where the price is at the time. If the trade gets hit, fine. If not he does not trade. Hope this helps, and Bksujal correct me if I'm wrong.
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