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Daily95pips

  • #341
  • Sep 12, 2007 5:11pm Sep 12, 2007 5:11pm
Quoting Bobcat2
I am in a EUR/JPY SELL @ 158.79, 30SL, 60TP. Anyone with me?

Bobkat
'


I'm in it, for real. 20 SL, 30 TP. Not delighted thus far...
Jeff Singer, K2KV
  • #342
  • Sep 12, 2007 5:11pm Sep 12, 2007 5:11pm
Quoting Bobcat2
I am in a EUR/JPY SELL @ 158.79, 30SL, 60TP. Anyone with me?

Bobkat

I'm in too. Entry: 158.78 SL:41 TP:82 TS:41. I'm in EURUSD too with the bksujal's approach.


Good PIIIPPPS.
  • #343
  • Sep 12, 2007 5:20pm Sep 12, 2007 5:20pm
Quoting Spawn
I'm in too. Entry: 158.78 SL:41 TP:82 TS:41. I'm in EURUSD too with the bksujal's approach.


Good PIIIPPPS.
you really expect to get 82pips TP?
its down 14 right now and we are going against the trend...
im a little nervous, this is my first live trade with this system....
my demo eur/usd trade is also not doing well....dont know where your getting pips from....
  • #344
  • Sep 12, 2007 5:26pm Sep 12, 2007 5:26pm
Quoting c0mputernick
you really expect to get 82pips TP?
its down 14 right now and we are going against the trend...
im a little nervous, this is my first live trade with this system....
my demo eur/usd trade is also not doing well....dont know where your getting pips from....
80 pips seems a bit ambitious...

I'm down around -8, with 10 lots (!). Problem is, I have to get out of here in a little while, and will have to close my trade with a loss. I just won't leave this one running.
Jeff Singer, K2KV
  • #345
  • Sep 12, 2007 5:34pm Sep 12, 2007 5:34pm
Quoting k2kv
80 pips seems a bit ambitious...

I'm down around -8, with 10 lots (!). Problem is, I have to get out of here in a little while, and will have to close my trade with a loss. I just won't leave this one running.
well you could figure out how much you are willing to lose and make a stop loss. im giving it 30pips, which at the moment it looks to be turning around.
**fingers crossed**
  • #346
  • Sep 12, 2007 5:47pm Sep 12, 2007 5:47pm
Quoting c0mputernick
you really expect to get 82pips TP?
its down 14 right now and we are going against the trend...
im a little nervous, this is my first live trade with this system....
my demo eur/usd trade is also not doing well....dont know where your getting pips from....

Calm guys,

if yoy want to get pips, you must don't be NERVOUS, for sure. I follow what the ATR speak, and this is the live situation of the market. ATR show a SL of 41 and i apply a 1:2 ratio to my SL/TP, don't forget that i have too a TS of 41 that protect me in case of return of the trend. That's all.
  • #347
  • Sep 12, 2007 5:58pm Sep 12, 2007 5:58pm
Quoting Spawn
Calm guys,

if yoy want to get pips, you must don't be NERVOUS, for sure. I follow what the ATR speak, and this is the live situation of the market. ATR show a SL of 41 and i apply a 1:2 ratio to my SL/TP, don't forget that i have too a TS of 41 that protect me in case of return of the trend. That's all.
Please excuse my ignorance, but can you explain how to read the ATR? I never use that indicator and would love to know how. When you say the ATR shows a SL (SL means Stop Loss?) of 41, how are you getting that? If you could supply a chart that would be even better!

Thanks for the help.

EDIT: for example my ATR14 says the ATR is at 0.07, how are you reading that to be SL 41?
at 1700 it was at 0.10
Please advise.
  • #348
  • Sep 12, 2007 6:07pm Sep 12, 2007 6:07pm
The ATR is a very important indicator that show you the volatility of the market and give a real time coefficient in the chart. This numer (for example 0,0017) can be use to set a realistic and reliable SL, simply multiplying this number with your entry (if near the current value of the pair).
  • #349
  • Sep 12, 2007 6:08pm Sep 12, 2007 6:08pm
Daily95pips.
Date: Monday 10 September 2007
GBPUSD -90
GBPJPY no touch
USDJPY no touch
EURJPY no touch
EURUSD -15

Total: -105pips

Comment: The cable trade only just triggered before retracing to the stop.
Manually closed out EURUSD.

Date: Tuesday 11 September 2007
GBPUSD -135
GBPJPY -90
USDJPY -90
EURJPY +95
EURUSD +49

Total: -171pips

Comment: Both long and short orders triggered on GBPUSD. GBPJPY and USDJPY triggered only to be stopped out before price continued to go beyond all 3 profit targets.

Date: Wednesday 12 September 2007
GBPUSD -45
GBPJPY -90
USDJPY no touch
EURJPY +95
EURUSD +95

Total: +55pips

Comment: So far EURJPY has been the most consistent and profitable pair for this strategy and it performed well again today.


bksujal system.
Date: Monday 10 September 2007
GBPUSD +31
EURJPY +40

Total: +71pips

Comment: A great ranging day. There were a lot more pips in the EURJPY than my 40TP, so may adjust levels or use mutliple profit targets in future. Will most likely add GBPJPY to the mix. Manually closed out GBPUSD trade.

Date: Tuesday 11 September 2007
GBPUSD -25
EURJPY -25
GBPJPY -25

Total: -75pips

Comment: Some on this thread had different results based on different TP and SL levels, broker data and entry times.

Date: Wednesday 12 September 2007
GBPUSD -25
GBPJPY -25
EURJPY -25

Total: -75pips

Comment: The stop levels of 25pips are obviously too small to provide volatile pairs such as these room to move.
  • #350
  • Sep 12, 2007 6:39pm Sep 12, 2007 6:39pm
Quoting Spawn
The ATR is a very important indicator that show you the volatility of the market and give a real time coefficient in the chart. This numer (for example 0,0017) can be use to set a realistic and reliable SL, simply multiplying this number with your entry (if near the current value of the pair).
What indicates volatility? the line going up or down or how high the number is? how does .07 mean its volatile? the number its at right now.
im not understanding you.
EDIT: and to top it off the eur/jpy has hardly moved and im still sitting at -10pips.
What are your trades at? how long do you think you have to hold them to be profitable?
I figured the retracting would have already happened already.
  • #351
  • Sep 12, 2007 6:52pm Sep 12, 2007 6:52pm
Quoting Spawn
I'm in too. Entry: 158.78 SL:41 TP:82 TS:41. I'm in EURUSD too with the bksujal's approach.


Good PIIIPPPS.

I learned the hard way that this is one pair NOT to short. Buy it on the dips
  • #352
  • Sep 12, 2007 7:45pm Sep 12, 2007 7:45pm
Quoting Spawn
Calm guys,

if yoy want to get pips, you must don't be NERVOUS, for sure.
It keeps getting worse and worse :-(
  • #353
  • Sep 12, 2007 7:48pm Sep 12, 2007 7:48pm
Is there an EA for this system?
I can code if You'd like.
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #354
  • Sep 12, 2007 7:55pm Sep 12, 2007 7:55pm
Quoting c0mputernick
It keeps getting worse and worse :-(

EURUSD go good. Now i hope EURJPY will do the same.


Good Forex to all!
  • #355
  • Sep 12, 2007 8:07pm Sep 12, 2007 8:07pm
Quoting Oksana17
Is there an EA for this system?
I can code if You'd like.
not yet, but im sure it would be much appreciated!
  • #356
  • Sep 12, 2007 9:15pm Sep 12, 2007 9:15pm
Quoting Spawn
EURUSD go good. Now i hope EURJPY will do the same.


Good Forex to all!
There is no way eur/jpy is coming back tonight. we got screwed going against the trend with this system.
  • #357
  • Sep 12, 2007 9:27pm Sep 12, 2007 9:27pm
Just check the attachments "Wojciech Jarmulski" posted on earlier. I have been working with that as the start of my own. The trick to me appears to be picking the appropriate stop and takes. Trying to work out a method of programtically generating these values so the EA adapts to the market conditions. Thats a bit harder than I expected
  • #358
  • Sep 12, 2007 10:04pm Sep 12, 2007 10:04pm
i join you.. but i only doing demo.


Quoting Bobcat2
I am in a EUR/JPY SELL @ 158.79, 30SL, 60TP. Anyone with me?

Bobkat
  • #359
  • Sep 12, 2007 10:22pm Sep 12, 2007 10:22pm
Quoting mikelath
Daily95pips.
Date: Monday 10 September 2007
Total: -105pips

Comment: The cable trade only just triggered before retracing to the stop.
Manually closed out EURUSD.

Date: Tuesday 11 September 2007
Total: -171pips

Comment: Both long and short orders triggered on GBPUSD. GBPJPY and USDJPY triggered only to be stopped out before price continued to go beyond all 3 profit targets.

Date: Wednesday 12 September 2007
Total: +55pips

Comment: So far EURJPY has been the most consistent and profitable pair for this strategy and it performed well again today.


bksujal system.
Date: Monday 10 September 2007
Total: +71pips

Comment: A great ranging day. There were a lot more pips in the EURJPY than my 40TP, so may adjust levels or use mutliple profit targets in future. Will most likely add GBPJPY to the mix. Manually closed out GBPUSD trade.

Date: Tuesday 11 September 2007
Total: -75pips

Comment: Some on this thread had different results based on different TP and SL levels, broker data and entry times.

Date: Wednesday 12 September 2007
Total: -75pips

Comment: The stop levels of 25pips are obviously too small to provide volatile pairs such as these room to move.
Hi Mikelath,

I believe you may be short circuiting yourself with such a small SL. Many of your pairs would require a SL of 70 - 100+ pips. You'll be better off setting a huge SL with a TP of 50% of your SL. Or perhaps you could still utilize the three trades with TP of 15, 30, & 50.

Try adjusting your SL to a higher number and let us know what you think.

Thanks,
Walt
  • #360
  • Sep 13, 2007 12:38am Sep 13, 2007 12:38am
Just started trying this system. Yesterday made 67 pips on uds/jpy(trailing stop on 3rd lot) Today -90 pips, entry point was 114.42 which was close to the top of our time period at the time I placed the orders. Is there a spread we should be at from the top or bottom if we are close at the time we place orders(5 EST)?

Thanks,
rion
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