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  • #921
  • Nov 12, 2007 8:28am Nov 12, 2007 8:28am
Quoting mikelath
Daily95pips:

Date: Monday 12 November 2007
EURJPY -90
USDJPY -90
EURUSD -90

Total: -270pips

Comment: A nice slap in the face to start the week.
How come our results are so different? Mine are:
UJ +15 (15, 0, 0)
EU +93 (15, 30, 48)
EJ +95

Strange.

  • #922
  • Nov 12, 2007 8:51am Nov 12, 2007 8:51am
Here are my results for this first day of trading this week and they seem to be very different indeed to some of the other brokers.

EU/JP+ 119
US/JP+ 45
AU/US+ 97
GP/US+ 15
EU/US- 90
AU/JP+ 15

TOTAL PIP GAINS 201 FOR THE NIGHT
SINCE OCT 25 AUD USD PIP GAIN IS 461 PIPS NOT A SINGLE LOSING DAY THAT I HAVE APPLIED THE EA TO THE CHART.

HAPPY PIPING EVERYONE
  • #923
  • Nov 12, 2007 9:00am Nov 12, 2007 9:00am
Quoting SteveHopwood
How come our results are so different? Mine are:
UJ +15 (15, 0, 0)
EU +93 (15, 30, 48)
EJ +95

Strange.

Lucky you Steve.

I'm not sure why our results varied so much....today the EA didn't calculate the short orders in my North Finance demo account, so I've taken the results from an IBFX demo. I'm waiting to see if PipHunter got the same...in any case, such occurances are usually the result of different time settings and slight variations in the price offered by different brokers.

So, well done on a great result for the day.

Tweaking of this system is something that is certainly not being ruled out and your suggestions are highly valued. Pr1mer has already inquired about optimal settings for each individual pair...I'm personally not really up to speed with ATR, Fibonacci, S/R (though I probably should be)....however, if these tools can be incorporated into the D95P EA for maximised results then I'm all for it.

rgs
mike
  • #924
  • Nov 12, 2007 9:15am Nov 12, 2007 9:15am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Just a thought, would the EA be using the last days results? if so each broker has a different time for closing on Friday and opening on Monday and some will include the weekend info.

most likely tuesday's results will be much closer.

just a though, but loving the work you guys are doing.
  • #925
  • Nov 12, 2007 9:56am Nov 12, 2007 9:56am
I don't have an answer, yet - but it looks like the market filling in the gaps got me anyway. I hope I am not boring you, but let me take a second to explain why this is a problem

When the market closes on Friday and then reopens on Sunday, it often opens at a price different than it closed. This 'gap' can be anywhere from a few to a lot of pips. If the market closed anywhere near the low or high from the previous day, the pending orders would be filled. The problem is that the market tends to reverse and fill in these gaps, often times to just to reverse again and move back the original direction. I even think there is a thread talking about how to trade these gaps

If your settings are as mine, the EA opened and filled orders based on the gaps, then hits the stop loss as the market reverses and fills in the gaps.

When I have some time, I am going to go back and see how often this has been occuring. The only answer I can think of right now is to turn off the EA and skip using it on the first day of the week.

Any other thoughts?

Tim
  • #926
  • Nov 12, 2007 10:23am Nov 12, 2007 10:23am
In reply to icfxtrader
Sorry mate can not PM you back yet have not got the number of posts so working on it. OK , yes the ODL results are very different I am also running an IBFX account to simply see the difference here between two leading brokers.

In reply to your questions I noticed you are using ODL. Can you tell me according to their server time the start and finish candle time to use for Mike's method?

REPLY
Would not have a clue. Truly I have used several of the edited EA’s and set them up and got no trades at all coming online or some did and then the stop loss did not move up to enter price etc. I originally set up the EA and never changed anything and was working ok on some charts. Then I added the edited versions and had no hope of working out time differences, Then I re downloaded the original EA from Pr1mer. Then went in set it up again to 0 hours, the orders fell in, at 7 PM Panama Time. Then I changed late last week to 20 hours and they came in at 4pm and not one of those orders where put into trade over the next 18 hours they expired, yet on demo IBFX Account they feel in at 5 PM Panama Time, So last night 15 mins before 4 PM Panama Time I changed it to 22 Hours and the orders appeared at 6 PM Panama Time. The IBFX Orders came in online at 5 PM Panama Time. See the results of my ODL v IBFX and it’s all over red rover. If you would like me to give you an explanation of this you’re out of luck I got no idea. Sorry. Therefore I have set the most optimum time for the start hour at 22:00

Here are the results
ODL 119 PIPS profit with trailing stop loss picking up 74 PIPS
IBFX 15 PIPS profit. Stopped out on the remaining two orders.
Price difference was large.
ODL opening price was 161.67 for sell orders (At 6pm Panama Time)
IBFX opening price was 164.44 for sell orders (AT 5pm Panama Time)

Are you using the 1 hour chart for all the pairs?
YES
Are you using the EA?
YES
Do you use a trailing stop or just the take profit and stop loss only?
YES I USE THE TRAILING STOP LOSS
Thanks
Reddragon
  • #927
  • Nov 12, 2007 10:35am Nov 12, 2007 10:35am
In reply to icfxtrader
Sorry mate can not PM you back yet have not got the number of posts so working on it. OK , yes the ODL results are very different I am also running an IBFX account to simply see the difference here between two leading brokers.

In reply to your questions I noticed you are using ODL. Can you tell me according to their server time the start and finish candle time to use for Mike's method?

REPLY
Would not have a clue. Truly I have used the original EA and simply just applied it to the chart and my orders came on line at 7PM Panama Time. I then used the edited EA’s and set them up and got no trades at all coming online or some did and then the stop loss did not move up to enter price etc. I originally set up the EA and never changed anything and was working ok on some charts. Then I added the edited versions and had no hope of working out time differences, Then I re downloaded the original EA from Pr1mer. Then went in set it up again to 0 hours, the orders fell in, at 7 PM Panama Time. Then I changed late last week to 21 hours and they came in at 4pm Panama Time and not one of those orders where put into trade over the next 18 hours they expired, yet on demo IBFX Account they feel in at 5 PM Panama Time and traded, So last night 15 mins before 4 PM Panama Time I changed it to 22 Hours and the orders appeared at 6 PM Panama Time. The IBFX Orders came in online at 5 PM Panama Time. See the results of my ODL v IBFX . There fore I would simply recommend you apply a 22 Start Time in the EA. I could be wrong but this seems to be the optimum time 0 or 22 i will continue with 22 hours for the remainder of the week.

Here are the results
ODL 119 PIPS profit with trailing stop loss picking up 74 PIPS
IBFX 15 PIPS profit. Stopped out on the remaining two orders.
Price difference was large.
ODL opening price was 161.67 for sell orders (At 6pm Panama Time)
IBFX opening price was 164.44 for sell orders (AT 5pm Panama Time)

Are you using the 1 hour chart for all the pairs?
YES
Are you using the EA?
YES
Do you use a trailing stop or just the take profit and stop loss only?
YES I USE THE TRAILING STOP LOSS
Thanks
Reddragon
  • #928
  • Nov 12, 2007 11:04am Nov 12, 2007 11:04am
Reddragon-

Just to confirm- are you using the "ODL fall version" of the EA for your results posted? Thanks!
Within apparent chaos there is order for those who know how to look
  • #929
  • Nov 12, 2007 11:07am Nov 12, 2007 11:07am
Quoting tsquad
I don't have an answer, yet - but it looks like the market filling in the gaps got me anyway. I hope I am not boring you, but let me take a second to explain why this is a problem

When the market closes on Friday and then reopens on Sunday, it often opens at a price different than it closed. This 'gap' can be anywhere from a few to a lot of pips. If the market closed anywhere near the low or high from the previous day, the pending orders would be filled. The problem is that the market tends to reverse and fill in these gaps, often times to just to reverse again and move back the original direction. I even think there is a thread talking about how to trade these gaps

If your settings are as mine, the EA opened and filled orders based on the gaps, then hits the stop loss as the market reverses and fills in the gaps.

When I have some time, I am going to go back and see how often this has been occuring. The only answer I can think of right now is to turn off the EA and skip using it on the first day of the week.

Tim
There was a great example of the gap when GU kicked off last night (IBFX live account). EU also had a gap, so my EU trades might simply have been a lucky fluke.

Experienced and successful traders have advised me not to trade when the markets first open up for the week. I like Fibo retrace trading, so I make no attempt to trade for at least 12 hours. It could well be that the ea needs turning off for Monday trading, although it would be interesting to leave it trading the demo to see what happens.

Thanks for your explanation, Tim. It may be old hat to many, but to comparative newbies like me, info like this is invaluable.

  • #930
  • Nov 12, 2007 11:15am Nov 12, 2007 11:15am
I have brokers north finance and fxdd. To set the ea's for each broker these brokers are gmt time +2. So what do I need to set it on the EA? 22,23,0?
Please let me know as I need it to be set up correctly. Thanks, Paris
  • #931
  • Nov 12, 2007 2:21pm Nov 12, 2007 2:21pm
Quoting Paris Hilton
I have brokers north finance and fxdd. To set the ea's for each broker these brokers are gmt time +2. So what do I need to set it on the EA? 22,23,0?
Please let me know as I need it to be set up correctly. Thanks, Paris
I have the EA's set to 22 hours. The brokers time is gmt+2. Is this correct. I have the north finance ea on north finance and fxdd ea on fxdd, Do I still have to adjust the times? Thanks, Paris

P.S. I'll let everyone know more about the Piazza Method and the QBOT EA but I want to test them until the end of November for a fair test. Thanks
  • #932
  • Nov 12, 2007 2:51pm Nov 12, 2007 2:51pm
Thanks for willingness to share your system. I am looking forward to it.

Quoting Paris Hilton
I have the EA's set to 22 hours. The brokers time is gmt+2. Is this correct. I have the north finance ea on north finance and fxdd ea on fxdd, Do I still have to adjust the times? Thanks, Paris

P.S. I'll let everyone know more about the Piazza Method and the QBOT EA but I want to test them until the end of November for a fair test. Thanks
  • #933
  • Nov 12, 2007 2:57pm Nov 12, 2007 2:57pm
I don't think it is a good solution to change the system by adding fibos. If you want the fibos, create a new system and post the results together with this system.
  • #934
  • Nov 13, 2007 8:56am Nov 13, 2007 8:56am
WOW... I dont know about the rest of you ... but yesterday killed me... no winners.

Oh well today is another day :
  • #935
  • Nov 13, 2007 11:29am Nov 13, 2007 11:29am
When did you place your orders? I placed mine 2 hrs after the market opened and made 102 pip profit yesterday.
  • #936
  • Nov 13, 2007 11:53am Nov 13, 2007 11:53am
Quoting bjk2801
When did you place your orders? I placed mine 2 hrs after the market opened and made 102 pip profit yesterday.

I think I will go back and check what happened...maybe something I did wrong, good to know ... thanks.

It caught me by suprise because this system was working so well.
  • #937
  • Edited 3:10pm Nov 13, 2007 2:33pm | Edited 3:10pm
How do you add the EA for the Daily 95 PIPS System? When I click on the paperclip, I see caution flags next to the downloads? Any ideas? It says "can't open file because there is no application associated, etc..." HELP!! I use IBFX.
  • #938
  • Nov 13, 2007 2:37pm Nov 13, 2007 2:37pm
Hi All,
I ran into this thread during my travels. I am usually a MANUAL type trader and decided to try this EA out on a MT4 platform from Alpari. I have the Alpari version and have it installed and the EA turned on for Live Trading.

My Question: Currently, the U/Y pair broke +5pip line on a BUY but the EA is yet to fire off. Does the EA have to be turned on prior to the 2300 hr time period?

Any ideas what I am doing wrong.

Thanks for your help.

MG
  • #939
  • Nov 13, 2007 3:46pm Nov 13, 2007 3:46pm
I feel a bit ridiculous asking this question, but after reading this entire thread I am simply confused on how to work this simple looking strategy. I use FXCM as my broker so no EA for me.

Can someone be so kind as to post a quick overview including the exact time the trades should be loaded, and where exactly to find the high and low data? I have seen a few contradicting posts on this. Post #1 says to check the H/L´s for the past 17 hours, does that mean the H/L for exactly 17 hours ago at 5 PM EST o the highest high and lowest low within the past 17 hours regardless of where it occurred?

I would greatly appreciate it if someone could post their trades for today in plain text form here so I could once and for all get an understanding for this strategy.

Thanks

-Kevin
  • #940
  • Nov 13, 2007 4:01pm Nov 13, 2007 4:01pm
Quoting bjk2801
How do you add the EA for the Daily 95 PIPS System? When I click on the paperclip, I see caution flags next to the downloads? Any ideas? It says "can't open file because there is no application associated, etc..." HELP!! I use IBFX.
Hi bjk2801.

I've just clicked on the paperclick then the EA file for download and it seems to be working fine on my computer....I'm not sure what the problem is that you are encountering...does anyone else have any idea ?

mike
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