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Daily95pips

  • #861
  • Nov 6, 2007 1:22pm Nov 6, 2007 1:22pm
Quoting Samantha
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
"UpdateToBE - number of pips in profit, when stoploss is moved to break-even point, e.g. when set to 15 - stop loss will be moved to opening price after reaching 15 pips profit. If you want to move SL to b/e when first take profit is taken, set to the same value as TakeProfit1 setting. The same goes for TP2, TP3." - Pr1mer

Maybe you should try to increase the UpdateToBE by another 10 or 20 pips.
Binary Options Trader
  • #862
  • Nov 6, 2007 1:37pm Nov 6, 2007 1:37pm
Quoting Yoda_Glenn
"UpdateToBE - number of pips in profit, when stoploss is moved to break-even point, e.g. when set to 15 - stop loss will be moved to opening price after reaching 15 pips profit. If you want to move SL to b/e when first take profit is taken, set to the same value as TakeProfit1 setting. The same goes for TP2, TP3." - Pr1mer

Maybe you should try to increase the UpdateToBE by another 10 or 20 pips.
Ok, I see. I needed the shortned and abbreviated version.

Thanks,
Sam
  • #863
  • Edited 3:26pm Nov 6, 2007 3:23pm | Edited 3:26pm
I have attached an excel spreadsheet which will do all the calculations for you, just overwrite the figures which are already there with the previous days high/low. If you wish to add more pairs, simply cut & paste a block onto another part of the excel spreadshhet, the formula's are embedded,hope this helps,
Bazza
Attached File(s)
File Type: xls 95 pip daily spread sheet 1.xls   21 KB | 1,006 downloads
  • #864
  • Nov 6, 2007 3:39pm Nov 6, 2007 3:39pm
Thanks Bazza.
The basis of a democratic state is liberty. ~ Aristotle
  • #865
  • Nov 6, 2007 4:03pm Nov 6, 2007 4:03pm
The following is the order information for IBFX as of 17:00 EST Tuesday

EUR/USD
BuyStop = 1.4578
SellStop = 1.4476

USD/JPY
BuyStop = 114.85
SellStop = 114.19

EUR/JPY
BuyStop = 167.13
SellStop = 165.98

Pips To All!
  • #866
  • Nov 6, 2007 6:56pm Nov 6, 2007 6:56pm
Well done Bazza !
  • #867
  • Nov 6, 2007 9:19pm Nov 6, 2007 9:19pm
6th,Nov, Tuesday(EST)

EUR/JPY
target1:15
target2:25
target3:30

comment: I changed the TP to 15,25,30 and the stop loss to 25, trail stop 10. Large long trend for EJ pair today.
  • #868
  • Nov 6, 2007 9:40pm Nov 6, 2007 9:40pm
Quoting ig_snowhawk
I changed the TP to 15,25,30 and the stop loss to 25, trail stop 10. Large long trend for EJ pair today.
Though I welcome additional strategy thinking. One of the more exciting features of this system is the greater than 1:1 Risk/Reward ratio each day on a set and forget methodology. Total pips risked 90 best total gain 95.

The strategy you have posted has a less than 1:1 ratio. Risking 75 and gaining 70. This means you need a greater than 50% win rate just to break even. Be careful there.
The basis of a democratic state is liberty. ~ Aristotle
  • #869
  • Edited Nov 7, 2007 7:01am Nov 6, 2007 10:00pm | Edited Nov 7, 2007 7:01am
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.

Date: Wednesday 7 November 2007
EURJPY +75
USDJPY -90
EURUSD +108

Total: +93pips

Comment: The trailing stop on the 3rd order locked in +30pips on EJ and +63pips on EU. The EA in North Finance did not calculate the days long orders for EJ so the above result is from my IBFX demo.
I'm now using 30 as the setting for UpdateToBE to give the 2nd and 3rd orders more room to move.
  • #870
  • Nov 6, 2007 10:12pm Nov 6, 2007 10:12pm
Greetings folks.

Though I'm officially only posting results for the shortlisted pairs EJ, UJ and EU I'm simultaneously using the EA on other pairs as well.
Just to give you an idea of what happened today, the following results are from using the EA in an ODL demo account:

USDCHF +95
AUDUSD +95
GBPUSD +45 (3rd order still open)
EURJPY +95
USDJPY -90
EURUSD +95

Total: +335pips

Considering that the EA makes the whole process much easier I will now be more open to trading more pairs.
AUDUSD looks like it could be a good one. USDCHF is an opposite correlative pair to EURUSD so has potential too.

rgs
mike
  • #871
  • Nov 7, 2007 12:13am Nov 7, 2007 12:13am
Quoting Vensik
Though I welcome additional strategy thinking. One of the more exciting features of this system is the greater than 1:1 Risk/Reward ratio each day on a set and forget methodology. Total pips risked 90 best total gain 95.

The strategy you have posted has a less than 1:1 ratio. Risking 75 and gaining 70. This means you need a greater than 50% win rate just to break even. Be careful there.
You got the point. I found that there will be a slight retrace back after the price hit 30TP, most of time this retracement will hit the SL of target3 if I use trail stop to move the SL to BE. So the total profit for a day is 45 pips. I would like to see the profit can reach to 70 if I use 15,25,30 TP without having to wait for the original 50.
  • #872
  • Nov 7, 2007 6:23am Nov 7, 2007 6:23am
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 = SellStops Activated
Order #1 = -30 Pips
Order #2 = -30 Pips
Order #3 = -30 Pips

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

Total: +100 Pips / +$99.49

Week Total: +30 Pips / +$50.34

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.
  • #873
  • Nov 7, 2007 10:19am Nov 7, 2007 10:19am
Hello,

Anyone can tell me which ea use for test on Migfx ?

MigFx : Summer time GMT +2 Winter Time GMT+1 ?

Thanks
Oxyd
  • #874
  • Nov 7, 2007 11:16am Nov 7, 2007 11:16am
Quoting oxyd
Hello,

Anyone can tell me which ea use for test on Migfx ?

MigFx : Summer time GMT +2 Winter Time GMT+1 ?

Thanks
Oxyd
You can use Alpari EA. Its same timezone
  • #875
  • Nov 7, 2007 11:45am Nov 7, 2007 11:45am
Quoting tuttler
You can use Alpari EA. Its same timezone
Thanks a lot
Oxyd
  • #876
  • Nov 7, 2007 12:13pm Nov 7, 2007 12:13pm
Hello guys,

Please I am a novice to EAs. When attaching the EA to MT4, is it the two files I would attach? ie .mg4 and .ex4 files?
I was able to attach the .mg4 file and got a smiling face but was wondering what to do with the .ex4 file.

Please excuse my ignorance.

Thank you
  • #877
  • Nov 7, 2007 12:44pm Nov 7, 2007 12:44pm
Quoting 2fx
Hello guys,

Please I am a novice to EAs. When attaching the EA to MT4, is it the two files I would attach? ie .mg4 and .ex4 files?
I was able to attach the .mg4 file and got a smiling face but was wondering what to do with the .ex4 file.

Please excuse my ignorance.

Thank you
Hello!

You can use either mq4 or exe version of the EA. .exe files are just compiled of mq4. So if you have smiling face on the chart - it shoud be working.

Regards.
  • #878
  • Nov 7, 2007 2:15pm Nov 7, 2007 2:15pm
I was executed on EURJPY in both directions. Is it OK, or should I remove short orders after long execution?

Quoting PipHunter196
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 = SellStops Activated
Order #1 = -30 Pips
Order #2 = -30 Pips
Order #3 = -30 Pips

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

Total: +100 Pips / +$99.49

Week Total: +30 Pips / +$50.34

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.
  • #879
  • Nov 7, 2007 2:54pm Nov 7, 2007 2:54pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
I have a sad face, is that due to a fallen soldier?
  • #880
  • Nov 7, 2007 3:01pm Nov 7, 2007 3:01pm
I was executed on EURJPY in both directions. Is it OK, or should I remove short orders after long execution?



Hi,
Execution in both direction will cancel each other out, except for broker fees (spread), which are two-fold...till one is stopped out first.

Dump the position & wait for another go-round.
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