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Daily95pips

  • #841
  • Nov 5, 2007 2:58pm Nov 5, 2007 2:58pm
Here are the IBFX results for today:

EUR/USD = No Trades Activated

USD/JPY = SellStops Activated
Order #1 = -30 Pips
Order #2 = -30 Pips
Order #3 = -30 Pips

EUR/JPY = SellStops Activated
Order #1 = -30 Pips
Order #2 = -30 Pips
Order #3 = -30 Pips

Total: -180 Pips / -$157.23

Please Note that I run the expert with set lots of .10 on a standard account with no trailing stop for test purposes. I also run a separate expert for each pair with the EAMagicNo changed for each pair. This is just my way of doing it. It is a very complicated expert and some have stated that it is not opening the correct amount of pending orders while using the same expert on all pairs at the same time.
  • #842
  • Nov 5, 2007 3:15pm Nov 5, 2007 3:15pm
Quoting PipHunter196
Sam,

You do not need to change the time hour setting for the fall version. It is already done. That is why I made different versions of the EA with the times already taken care of. Just leave the setting as is.

Have A PipFull Day!
Thanks, one other question, has anyone tried using the GBP/JPY pair with any success in demo testing?
Sam
  • #843
  • Nov 5, 2007 3:22pm Nov 5, 2007 3:22pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Samantha
Thanks, one other question, has anyone tried using the GBP/JPY pair with any success in demo testing?
Sam
it was one of the first pairs tested, i think the volatile nature of GJ caused it to crash and burn, when looking for new way to trade, always read the first page, most threads update page 1 when things change.

best of pips

MPP
  • #844
  • Edited 4:05pm Nov 5, 2007 3:27pm | Edited 4:05pm
IF YOU HAVE DOWNLOADED ONE OF THE VERSIONS OF 95 DAILY PIPS THAT I HAVE POSTED PLEASE ENSURE THAT THE FOLLOWING SETTINGS ARE IN THE DayStartHour (THE NUMBER LISTED IN BLUE IS 17:00 EST FOR THAT BROKER)

FXDD = 0
NORTH FINANCE = 0
ALPARI = 23
ODL = 22
IBFX = 22

I have downloaded a version of the platform for each of the brokers listed above and found that some of the information that I received, and thus based the changes to the Fall Versions of the EA, were incorrect. I think that the only one that has a daystarthour problem is ODL, but I am not sure so I am posting them all.

I am sorry for any inconvenience and will let you know if there are any other changes that will be made.
  • #845
  • Nov 5, 2007 3:57pm Nov 5, 2007 3:57pm
Quoting PipHunter196
IF YOU HAVE DOWNLOADED ONE OF THE VERSIONS OF 95 DAILY PIPS THAT I HAVE POSTED PLEASE ENSURE THAT THE FOLLOWING SETTINGS ARE IN THE DayStartHour (THE NUMBER LISTED IN BLUE IS 17:00 EST FOR THAT BROKER)

FXDD = 00
NORTH FINANCE = 00
ALPARI = 23
ODL = 22
IBFX = 22

I have downloaded a version of the platform for each of the brokers listed above and found that some of the information that I received, and thus based the changes to the Fall Versions of the EA, were incorrect. I think that the only one that has a daystarthour problem is ODL, but I am not sure so I am posting them all.

I am sorry for any inconvenience and will let you know if there are any other changes that will be made.

Ok, so trying to change to 00 in FXDD and it reverts back to 0?

Thanks,
Sam
  • #846
  • Nov 5, 2007 3:59pm Nov 5, 2007 3:59pm
Quoting MPP
it was one of the first pairs tested, i think the volatile nature of GJ caused it to crash and burn, when looking for new way to trade, always read the first page, most threads update page 1 when things change.

best of pips

MPP
First post or first page ....where did that statement come from?

1.) At 5pm EST open the 1hr chart (2hrs b4 start of the Asian session) of USDJPY. ( In an attempt to pre-empt questions about how this strategy works on other pairs, I will post results comparing GBPUSD, GBPJPY, EURJPY, and EURUSD. You're welcome to add to the list.)

S.
  • #847
  • Nov 5, 2007 4:01pm Nov 5, 2007 4:01pm
Hola everyone
OK PIP HUNTER you got me mate. We have wet or dry not Fall and Spring but i get the drift. And also i guess its the broker time start for the day not where you live, as we don't have Day Light Saving here in Panama (Fools)
Reddragon
  • #848
  • Nov 5, 2007 4:02pm Nov 5, 2007 4:02pm
The following is the order information for IBFX as of 17:00 EST Monday

EUR/USD
BuyStop = 1.4507
SellStop = 1.4438

USD/JPY
BuyStop = 114.89
SellStop = 113.96

EUR/JPY
BuyStop = 166.41
SellStop = 164.88

Pips To All!
  • #849
  • Nov 5, 2007 4:06pm Nov 5, 2007 4:06pm
Quoting Samantha
Ok, so trying to change to 00 in FXDD and it reverts back to 0?

Thanks,
Sam
It is the same as 00. Sorry about the confusion, I changed the post. You should not need to make any changes to the FXDD Version
  • #850
  • Nov 5, 2007 6:17pm Nov 5, 2007 6:17pm
I'm not trying to be negative, or anything, but I'm skeptical this EA can work in the long run. The reason being because this EA's losses are HUGE compared to its gains. This EA seems to be averaging wins that are either at 15 pips or 45 pips at best. And now, with the declining value of the $, breaking even is often coming in at a loss, on some pairs. Maybe consider widening the stop loss and turning off the "break even setting," those could be some possible solutions. Unfortunately, my computer resources are a bit tied up, so I wont be able to test this myself
Binary Options Trader
  • #851
  • Nov 5, 2007 7:29pm Nov 5, 2007 7:29pm
PIP HUNTER update, i changed the settings as suggested including the last update you posted. At 22 hours nothing happened at all, at 15 mins before Tokyo opening i reverted to 0 hours, and the orders dropped in again. I am on ODL, and perhaps there are some troubles with them as you mentions. Do you or others know of a broker that also offers 100K demo and gold oil and silver trading as well because they are important to the currencies we are trading. Suggest me please.
  • #852
  • Nov 5, 2007 7:55pm Nov 5, 2007 7:55pm
Quoting PipHunter196
Here are the IBFX results for today:

EUR/USD = No Trades Activated

USD/JPY = SellStops Activated
Order #1 = -30 Pips
Order #2 = -30 Pips
Order #3 = -30 Pips

EUR/JPY = SellStops Activated
Order #1 = -30 Pips
Order #2 = -30 Pips
Order #3 = -30 Pips

Total: -180 Pips / -$157.23

Please Note that I run the expert with set lots of .10 on a standard account with no trailing stop for test purposes. I also run a separate expert for each pair with the EAMagicNo changed for each pair. This is just my way of doing it. It is a very complicated expert and some have stated that it is not opening the correct amount of pending orders while using the same expert on all pairs at the same time.

I got the same result in EJ pairs. But I started to test GBP/JPY with 50 SL, 3 target profit :25,50,80 on the same day. I set 25 trail stop. The price reach to target1 and then retrace back to -20, target 2 and target 3 finally ended at 0 profit after the price reach to 45 profit and retrace back.
  • #853
  • Edited Nov 6, 2007 6:06pm Nov 5, 2007 9:07pm | Edited Nov 6, 2007 6:06pm
Daily95pips:

Date: Monday 5 November 2007
EURJPY -90
USDJPY -90
EURUSD nt

Total: -180pips

Comment: We seem to be enduring a rough patch. Time will tell if market conditions have changed to the point of rendering this strategy invalid. I'll remain optimistic.

Date: Tuesday 6 November 2007
EURJPY +15
USDJPY nt
EURUSD +88

Total: +103pips

Comment: So far the use of the trailing stop has reduced profitability on the 3rd order instead of increasing it. I guess it's a matter of determining whether the increased pips on strong trending days will compensate for the days when price retraces to hit the TS. I will wait a week or two before reverting back to the set 50PT.
  • #854
  • Nov 5, 2007 9:18pm Nov 5, 2007 9:18pm
Quoting mikelath
Daily95pips:

Date: Monday 5 November 2007
EURJPY -90
EURJPY -90
EURUSD nt

Total: -180pips

Comment: We seem to be enduring a rough patch. Time will tell if market conditions have changed to the point of rendering this strategy invalid. I'll remain optimistic.
I'm assuming that you meant USDJPD in your result. By the way, what was your trade sellstop and buystop set at? I used PipHunter's numbers and so far the EURJPD and the USDJPD haven't been touched.
  • #855
  • Nov 5, 2007 9:42pm Nov 5, 2007 9:42pm
Quoting hansel
I'm assuming that you meant USDJPD in your result. By the way, what was your trade sellstop and buystop set at? I used PipHunter's numbers and so far the EURJPD and the USDJPD haven't been touched.
ooops...thanks for pointing out my typo hansel.

I can't remember the entry levels for those trades....however, remember that depending on the broker you're using and the fact that the DayStartHour settings on the EA for each broker may still not be in sync amongst us all, it's likely that entry levels will vary.

rgs
mike
  • #856
  • Nov 5, 2007 11:20pm Nov 5, 2007 11:20pm
hi thanx for sharing your system i am new in this method should i read just post 1 of this thread for all rules of this trading method or you changed some?
and do you have any bak test and also forward test of this system ? and how many green pips averagely can we get in a month? and how many green pips did you get during you opened this thread till now? and how should i start this trading style?
  • #857
  • Nov 5, 2007 11:41pm Nov 5, 2007 11:41pm
Quoting fxramin
hi thanx for sharing your system i am new in this method should i read just post 1 of this thread for all rules of this trading method or you changed some?
and do you have any bak test and also forward test of this system ? and how many green pips averagely can we get in a month? and how many green pips did you get during you opened this thread till now? and how should i start this trading style?
Hi fxramin.

The rules are still pretty much as per post #1. I've tried to keep post #1 updated with any changes....

I have only done forward testing of this strategy...you can check the results at post #804.

The average pips per month so far is approx +840.

Now that a good EA has been created courtesy of Pr1mer, the best way to start trading this style is to open a demo account with an MT4 broker, install the Expert Advisor and sit back and watch.

rgs
mike
  • #858
  • Nov 6, 2007 8:39am Nov 6, 2007 8:39am
Greetings,

I opened a FXDD demo yesterday. Using the FXDD EA with no changes to set file, I had the following results:

USD/CAD +15, +30, +50 = +95
AUD/USD 0
NZD/USD +15= +15

What I noticed, however, is retracements on the above caused the 0 breakeven to occur.

I have two questions:

In reading the post that has the settings - I did not understand if there is a way to capture say, 10 pips on a retracement?

When dealing with a ranging market, what are the system results (for example, through July and August of this year)? Can we expect weeks where this system has DD? I don't mean necessarily with this EA, just manually placing the trades?

Thanks,
Sam
  • #859
  • Nov 6, 2007 1:00pm Nov 6, 2007 1:00pm
Anyone planning on live trading this strategy? If so can any recommed a good platform?
  • #860
  • Nov 6, 2007 1:04pm Nov 6, 2007 1:04pm
Here are the IBFX results for today:

EUR/USD = BuyStops Activated
Order #1 = +15 Pips
Order #2 = +30 Pips
Order #3 = +50 Pips

USD/JPY = No Trades Activated

EUR/JPY = BuyStops Activated
Order #1 = +15 Pips
Order #2 = Break Even
Order #3 = Break Even

Total: +110 Pips / +$108.08

Week Total: -70 Pips / -$49.15

Please Note that I run the expert with set lots of .10 on a standard account with no trailing stop for test purposes. I also run a separate expert for each pair with the EAMagicNo changed for each pair. This is just my way of doing it. It is a very complicated expert and some have stated that it is not opening the correct amount of pending orders while using the same expert on all pairs at the same time.
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