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High & Low 8 Hours (GBP/JPY)

  • #401
  • Nov 9, 2007 4:35am Nov 9, 2007 4:35am
Hello Nicotina

thanks for your system i stopped out with my buy but i got sell order hit my limit, 50pips on real account.

since i am using this system never been one day in loss always come out with green pips.

Thanks to Billbss for helping to everyone.

great job guys and God bless
member
  • #402
  • Nov 9, 2007 4:38am Nov 9, 2007 4:38am
Today's result:

-50+100=+50
Regards
  • #403
  • Nov 9, 2007 5:05am Nov 9, 2007 5:05am
Quoting Nicotina
9/11/2007


Buy: 238.03
Sell: 236.52
Attached Image (click to enlarge)
Click to Enlarge Name: PROFIT.jpg Size: 60 KB
  • #404
  • Nov 9, 2007 5:19am Nov 9, 2007 5:19am
Still up 193 on the short
  • #405
  • Nov 9, 2007 5:33am Nov 9, 2007 5:33am
Nice trades. I'm suprised how this system works.
Two trades:
1. buy with SL -50 pips
2. sell with TP +100 pips


I have a big spread (12 pips) and I change a little rules and I'll see how it will be work.
1. For every max price I add spread (12 pips) + 3-5 pips. Even that it is room for profit.
2. I add Trailling Stop to every position: About 55 pips. After 55 pips gain go to BE. Without TP. Sometimes gain will be only 50 pips when price go to lower/higher to 100 pips gain. But in days like today with Trailling Stop you can earn about 150 pips and more...

How do you think?
  • #406
  • Nov 9, 2007 6:47am Nov 9, 2007 6:47am
Quoting billbss
Hi Nicotina,

How big is a "big" range? 100 pips? 150 pips?

For me, a big range for GBP/JPY is around 200-300/ a day, somtimes more. I am talking about the size of the daily candle.

BK
  • #407
  • Nov 9, 2007 6:52am Nov 9, 2007 6:52am
Nicotina Thank again for share this strategy with us.

As Egle said, today was another Great Day, the system work perfectly and the Target was readed in a few minutes.

Bull
  • #408
  • Nov 9, 2007 6:53am Nov 9, 2007 6:53am
Quoting harold4x
so what you are saying is when price is 7 pips away ( the spread) you enter trade example: todays buy entry is 238.03 when bid is at 237.96/238.03 you enter right? this doesnt make sense why have a high and low and then call it a breakout since you enter before breakout
What I do is:

I put my pendening orders at 238.10, that is including the spread. Thats what i did in the backtest as well, SPREAD WAS INCLUEDED!!!

BK
  • #409
  • Edited 9:08am Nov 9, 2007 7:02am | Edited 9:08am
ohhh my god, man the size of the daily candle up to now is more than 500 pips.

I love this this pair & I hate it too
BK
  • #410
  • Nov 9, 2007 7:53am Nov 9, 2007 7:53am
Quoting billbss
I've tracked it. I believe it's +100 for the week.
If Autotrade-fx is here he may have better figures.

EDIT- I just checked- autotrade's method looks like +216 for the week. That's very good, unless I made a mistake.

Ok. One more correction- It's up +123 for the week and in a winning trade as I write.

So Billbss, are we saying autotrade-fx setting yielded better than the current settings of this thread (nicotina)

Thanks,
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #411
  • Nov 9, 2007 8:16am Nov 9, 2007 8:16am
Quoting TradeStar
So Billbss, are we saying autotrade-fx setting yielded better than the current settings of this thread (nicotina)

Thanks,
TradeStar
It's yielded better results this week. I traded it last night, and it was +30.
  • #412
  • Nov 9, 2007 8:20am Nov 9, 2007 8:20am
Nicotina's GBP/USD system was +40 last night.
  • #413
  • Nov 9, 2007 8:21am Nov 9, 2007 8:21am
so bkoori are you saying that in your back test you put spread in so instead of todays entry of 237.97 for a 238.03 you entered at 238.10/03?
  • #414
  • Nov 9, 2007 9:01am Nov 9, 2007 9:01am
Thank you Nicotina for sharing your strategy!

I am not trying to change your system. I only backtested it and then I optimized the settings.

These are the trades from 11-1 to 8-11 (Tradestation backtest only, not live)

01-nov +30 (+93 -63)
02-nov +93
05-nov +93
06-nov 0
07-nov +93
08-nov +93

I simulated 8 pips spread.

Quoting billbss
It's yielded better results this week. I traded it last night, and it was +30.
  • #415
  • Nov 9, 2007 9:03am Nov 9, 2007 9:03am
I'd like to send you the EasyLanguage code, but I cannot PM you because FF limitation. If you want, PM me your email.

Quoting phab
Hi, Autotrade-fx, and thanks you Nicotina and others for this nice thread
I am a beginner, with EasyLanguage (and not really good!!!). Could you send me your EL program, if you want. I'd like to test this strategy with others pairs, and intent to built a multi pairs daily system. Thanks you for your response.
phab
  • #416
  • Nov 9, 2007 9:06am Nov 9, 2007 9:06am
Quoting autotrade-fx
Thank you Nicotina for sharing your strategy!

I am not trying to change your system. I only backtested it and then I optimized the settings.

These are the trades from 11-1 to 8-11 (Tradestation backtest only, not live)

01-nov +30 (+93 -63)
02-nov +93
05-nov +93
06-nov 0
07-nov +93
08-nov +93

I simulated 8 pips spread.
Hi Autotrade,
It got stopped out on the long trade (-63) last night. Then went on to make +93 on the short.
  • #417
  • Nov 9, 2007 9:16am Nov 9, 2007 9:16am
Quoting harold4x
so bkoori are you saying that in your back test you put spread in so instead of todays entry of 237.97 for a 238.03 you entered at 238.10/03?
that's right, my broker has 7pips spread on this pair, if the high is 238.03 entery should be 238.04 and my pending order is 238.11, TP should be at 239.04, SL: 237.54

BK
  • #418
  • Nov 9, 2007 9:22am Nov 9, 2007 9:22am
Hi billbss,

these are the trades from Tradestation.
All times are GMT + 1

Quoting billbss
Hi Autotrade,
It got stopped out on the long trade (-63) last night. Then went on to make +93 on the short.
Attached File(s)
File Type: xls Tradestation Trades.xls   15 KB | 651 downloads
  • #419
  • Nov 9, 2007 9:30am Nov 9, 2007 9:30am
Quoting autotrade-fx
Hi billbss,

these are the trades from Tradestation.
All times are GMT + 1
So you are looking at a window of 2200 - 0500 rather than 2100-0400?

Maybe that's the best way.
  • #420
  • Nov 9, 2007 9:38am Nov 9, 2007 9:38am
bkoori if you enter 1 pip above the 238.03 and with spread its 238.11/04 then total profit shoule be 239.11 with stop at 237.61
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