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Daily95pips

  • #1,041
  • Nov 19, 2007 3:51pm Nov 19, 2007 3:51pm
Quoting mikelath
Correct. Surprisingly, GBPUSD has not performed well within the parameters of this strategy.

mike
When did you stop trading the GBP/USD pair? Did you replace it with another, or do you just use the remaining 3.

Also, the Fall EA has a trailing stop of 20 as the default. Did you make this value 0, as you do not like trailing stops, or do you leave the setting alone? Thanks, Brian
  • #1,042
  • Nov 19, 2007 4:30pm Nov 19, 2007 4:30pm
Is anyone else trading ODL and having any issues w/ trades opening? Doubles, incorrect opening times? Wondering if I'm the only one. I also have an FXDD account which opened fine. Not quite sure what's up. Any thoughts/suggestions appreciated.
Within apparent chaos there is order for those who know how to look
  • #1,043
  • Edited 5:39pm Nov 19, 2007 4:58pm | Edited 5:39pm
Quoting bjk2801
I had the EA running on two computers (same demo account). Would this have anything to do with it? I am not very computer savy.
Greetings,

I believe it is b/c the EA uses a risk percentage to calc trades although I am not sure. If you put in a fixed amount under FixedLots in the settings file, I think this entry (FixedLots) will exclude the double entries you are experiencing, next time your EA generates orders.

I might be wrong and perhaps Pr1mer can contribute.

Regards,
Sam
  • #1,044
  • Nov 20, 2007 7:20am Nov 20, 2007 7:20am
Quoting mikelath
here is his site
http://www.myfxreport.com/hans123.htm

and the results
http://myfxreport.com/downloads/Hans_Indrionas.xls

hope this help

Yes, my experience with the TS is that it has been stopping out trades too early for less profit.
As of now I haven't tried 2 lots on the 1st order as suggested earlier, though I agree that it has promise...I'm apprehensive about worsening the risk:reward. I'll admit that I'm not up to speed on the stats on each scenario.

mike
mike what is your experience with trading for a living and how much would one needs to trade for a living? I mean $25K? 50K? and what is your experience in applying hans system in trading for a living?
  • #1,045
  • Nov 20, 2007 8:42am Nov 20, 2007 8:42am
Quoting samoora1980
mike what is your experience with trading for a living and how much would one needs to trade for a living? I mean $25K? 50K? and what is your experience in applying hans system in trading for a living?
Hi samoora.

Firstly, my avatar phrase "trading for living" is more of an affirmation of what I'm aspiring for (if that's the reason you're asking).
I am definitely progressing to the stage of live trading and generating enough income from that to at least get me started with paying the bills.

How much do you need in your trading account to generate your desired income ? Well, firstly that really depends on how much your lifestyle depends upon or how much you would like to earn or how much is really enough...
Secondly, you have to consider the system you are trading, and equally important, your money management in order to achieve your desired income whilst preserving your trading capital.
For example, if you are trading a system where the risk:reward is 1:1 you will need to assess how much of your account you are willing to risk on each trade. From what I can gather the standard amongst professional traders is that they will not risk any more than 3% on each trade. So if you had a $10,000 account the max. you would risk on each trade is $300. This would be the amount you would lose if the trade was a loser and also be your profit if the trade is a winner. If you were fortunate enough to achieve an average of 1 winning trade per day you would end up with $1500 over 5 days of trading. Sounds simple doesn't it....but whoa, don't get too excited yet, because the reality can be and often is very different. Just consider if your 1st trade is a loser and your account balance is now $9700. 3% of that is $291. So even if you win the next trade you are still $9 behind. This may seem insignificant but can contribute to your account being eaten away and requiring significantly more winners to recover when you have a string of losing trades.
So basically the 2 important elements are:
1. A winning strategy
2. Good money management.

This is a simplistic explanation of how to approach live trading. I cannot emphasise enough the importance of being aware of the downside risk and managing that risk in order to stay in the game.

Regarding the hans system, I do not trade it. There is very little similarity between it and the Daily95pips system.

I hope this helps.

rgs
mike
  • #1,046
  • Nov 20, 2007 9:38am Nov 20, 2007 9:38am
All 11 demos I am running are down at this point. That doesn't upset me since we are looking for the best pairs, which start times, and how far back it looks for highs and lows. Even though all demos are currently down I would bet that by the end of the week we will see that certain pairs did well in a variety of settings. I will post the statements for each of the 11 demos as Excel spreadsheets minus the canceled trades so they can be analyzed.

I have also been running this EA on my live account using .01 fixed lots, 22 start, and 17 for look back. I am running it on the EUR/JPY, EUR/USD, and USD/JPY. First night was not fantastic but I am hopeful looking at others results.

EUR/JPY

-.27, -.27, -.27

EUR/USD

.15, .30, .50

USD/JPY

-.27, -.27, -.27

Total

-.67

  • #1,047
  • Nov 20, 2007 11:05am Nov 20, 2007 11:05am
I thought you were using a stop of 30 pips??
I see on your results that it was changed to 27.
Any reason?

Thanks.
  • #1,048
  • Nov 20, 2007 11:15am Nov 20, 2007 11:15am
Quoting bjk2801
I had the EA running on two computers (same demo account). Would this have anything to do with it? I am not very computer savy.
So I guess that's an answer. Both EAs put their orders at the beginning of the next day. That's correct behaviour: two EAs = double orders

Pr1mer
  • #1,049
  • Nov 20, 2007 3:36pm Nov 20, 2007 3:36pm
Quoting Pr1mer
So I guess that's an answer. Both EAs put their orders at the beginning of the next day. That's correct behaviour: two EAs = double orders

Pr1mer
Thanks Pr1mer. I turned off the other PC's EA yesterday, and the problem resolved itself. Apparently, if you have 2 pc running the same EA on the same demo account, it WILL double the amount of orders!
  • #1,050
  • Nov 20, 2007 4:15pm Nov 20, 2007 4:15pm
Quoting Longboard
I thought you were using a stop of 30 pips??
I see on your results that it was changed to 27.
Any reason?

Thanks.
The EUR/JPY and USD/JPY are not worth $1 a pip on a mini lot. I am only trading .01 mini lots so even though the pips are -30 they were only worth .27 cents. My apologies not stating that the above post referred to the actual dollar amount and not pips.
  • #1,051
  • Nov 20, 2007 5:24pm Nov 20, 2007 5:24pm
Hey endroute good afternoon.

I saw an earlier post where you and a friend down loaded the past 6 years and planned on doing a back test. I hope I am not imposing when i ask this but would it be possible for you to explain exactly how and where I could obtain the past years tick data and down load it. Along with how to back test. I am working on a little program myself along with everyone else here and I would like to test my ideas.

Thanks
  • #1,052
  • Nov 21, 2007 10:09am Nov 21, 2007 10:09am
I know it is very early to post this but here is a taste of the results I am getting so far. Each pair/row is colored from dark green (best) to dark red (worst). The columns show the start time (GMT) and look back hours. Ex: 08-23 starts at 08 GMT and looks back 23 bars/hours since everything is being run on 1 hour charts. I think the EA looks at hourly bars regardless of what you time frame is for the chart. Some trades are still open, some haven't been triggered yet so it is early still. These results are also based on all the defaults except start and look back hours and I have set fixed lots to 1.
Attached Image (click to enlarge)
Click to Enlarge Name: results.jpg Size: 529 KB
  • #1,053
  • Nov 21, 2007 3:49pm Nov 21, 2007 3:49pm
Is it correct to say that this 95 daily PIPS system works with the greatest results by trading EUR/USD, EUR/JPY & USD/JPY? It is my understanding that the GBP/USD pair was removed. Is anyone else using different pairs or back to the GBP/USD pair? Thanks.
  • #1,054
  • Edited 4:05pm Nov 21, 2007 3:52pm | Edited 4:05pm
Quoting mtaboneweb
I know it is very early to post this but here is a taste of the results I am getting so far. Each pair/row is colored from dark green (best) to dark red (worst). The columns show the start time (GMT) and look back hours. Ex: 08-23 starts at 08 GMT and looks back 23 bars/hours since everything is being run on 1 hour charts. I think the EA looks at hourly bars regardless of what you time frame is for the chart. Some trades are still open, some haven't been triggered yet so it is early still. These results are also based on all the defaults except start and look back hours and I have set fixed lots to 1.
The results are for today or whole week?
Do you move your stoploss to BE after 1st TP?
  • #1,055
  • Nov 21, 2007 4:33pm Nov 21, 2007 4:33pm
Quoting radyfox
The results are for today or whole week?
Do you move your stoploss to BE after 1st TP?

The results are starting from Sunday afternoon slightly after the market opened. I originally had all the demos running before the market opened on Sunday and when it did open I got all kinds of weird orders being placed most likely due to the time the difference between Friday afternoons time and the starting time on Sunday. So I opened new accounts on each demo to get rid of all the pending orders and started around 6:30pm eastern on Sunday. I notice since using IBFX that a lot of times on Sunday they don't start until 6pm eastern time as well. Doesn't the market open at 5pm on Sundays (eastern time)? Anyways, I am using the IBFX fall EA with all the default which would include UpdateToBE = 15. I have only changed FixedLots to 1, DayStartHour to whatever, and LookBackHours to whatever. When I say whatever I mean based on the spreadsheet above.

If you look at the spreadsheet above you will see that the EUR/GBP has made the most money since Sunday afternoon with $267.34. The darker the green on a particular row the better the profit, the darker the red the worse it has done. The EUR/GBP has done well with a start time of 13 GMT and look back of 13 hours/bars and has done the worst using 00 GMT with a look back of only 2 hours/bars (what I expected). The EUR/GBP has done rather well under most of the situations above but we also need to remember that a pip is worth almost double for the EUR/GBP.

You can also see that $20.46 is the best that the EUR/CAD has done starting at 13 GMT with a look back of 13 hours/bars. The EUR/CAD has not done well under any time setting yet but that may change over time.

I am running 11 demo accounts on all of the 19 pairs listed above. The only thing that varies from one account to the next is the start time and look back hours/bars. All times listed above are GMT and are laid out to overlap using all the different market open times and even looking back almost a whole day as well. I will post the spreadsheet clip above as time goes on so that we can all see which pairs do well under which time settings. Looking back at some of the previous posts I see that some weeks are just a killer and that a majority do well like the post showing ove 2630 pips since August. I am just curious to see if there may be better choices for certain pairs with certain start and look back hours/bars.

Anyways, I am rambling now and I hope I answered your questions and clarified how to read the screen shot above.
  • #1,056
  • Nov 21, 2007 4:38pm Nov 21, 2007 4:38pm
Looks like another choppy week... ((
  • #1,057
  • Nov 21, 2007 4:42pm Nov 21, 2007 4:42pm
Looks like IBFX will be closed between 9am est to 6 pm est. I plan to leave all accounts running and will keep a close eye on the charts around 6pm to make sure the EA doesn't open any improper trades. When the time freezes at 9am and then all of a sudden jumps to 6pm later in the day there could be undesirable results from the EA. I only say that because the EA got confused between Friday and Sunday when the time shifted.
  • #1,058
  • Nov 21, 2007 5:12pm Nov 21, 2007 5:12pm
Quoting mtaboneweb
The results are starting from Sunday afternoon slightly after the market opened. I originally had all the demos running before the market opened on Sunday and when it did open I got all kinds of weird orders being placed most likely due to the time the difference between Friday afternoons time and the starting time on Sunday. So I opened new accounts on each demo to get rid of all the pending orders and started around 6:30pm eastern on Sunday. I notice since using IBFX that a lot of times on Sunday they don't start until 6pm eastern time as well. Doesn't the market open at 5pm on Sundays (eastern time)? Anyways, I am using the IBFX fall EA with all the default which would include UpdateToBE = 15. I have only changed FixedLots to 1, DayStartHour to whatever, and LookBackHours to whatever. When I say whatever I mean based on the spreadsheet above.

If you look at the spreadsheet above you will see that the EUR/GBP has made the most money since Sunday afternoon with $267.34. The darker the green on a particular row the better the profit, the darker the red the worse it has done. The EUR/GBP has done well with a start time of 13 GMT and look back of 13 hours/bars and has done the worst using 00 GMT with a look back of only 2 hours/bars (what I expected). The EUR/GBP has done rather well under most of the situations above but we also need to remember that a pip is worth almost double for the EUR/GBP.

You can also see that $20.46 is the best that the EUR/CAD has done starting at 13 GMT with a look back of 13 hours/bars. The EUR/CAD has not done well under any time setting yet but that may change over time.

I am running 11 demo accounts on all of the 19 pairs listed above. The only thing that varies from one account to the next is the start time and look back hours/bars. All times listed above are GMT and are laid out to overlap using all the different market open times and even looking back almost a whole day as well. I will post the spreadsheet clip above as time goes on so that we can all see which pairs do well under which time settings. Looking back at some of the previous posts I see that some weeks are just a killer and that a majority do well like the post showing ove 2630 pips since August. I am just curious to see if there may be better choices for certain pairs with certain start and look back hours/bars.

Anyways, I am rambling now and I hope I answered your questions and clarified how to read the screen shot above.
Thank you. Good job.
  • #1,059
  • Nov 22, 2007 3:11am Nov 22, 2007 3:11am
Quoting mtaboneweb
I know it is very early to post this but here is a taste of the results I am getting so far. Each pair/row is colored from dark green (best) to dark red (worst). The columns show the start time (GMT) and look back hours. Ex: 08-23 starts at 08 GMT and looks back 23 bars/hours since everything is being run on 1 hour charts. I think the EA looks at hourly bars regardless of what you time frame is for the chart. Some trades are still open, some haven't been triggered yet so it is early still. These results are also based on all the defaults except start and look back hours and I have set fixed lots to 1.
Great work mtaboneweb.

I look forward to the comparisons over a longer timeframe.

rgs
mike
  • #1,060
  • Nov 22, 2007 3:20am Nov 22, 2007 3:20am
Quoting bjk2801
Is it correct to say that this 95 daily PIPS system works with the greatest results by trading EUR/USD, EUR/JPY & USD/JPY? It is my understanding that the GBP/USD pair was removed. Is anyone else using different pairs or back to the GBP/USD pair? Thanks.
bjks801.

I understand that as the thread progresses there becomes an increasing number of posts to read to get the full picture of how the thread has evolved.

If you had read all the posts you would now know that EJ, UJ and EU are the remaining shortlisted pairs from an initial list of 6 which included GBPUSD.
You would also know that GBPUSD was removed because of it's poor performance within the parameters of this strategy.
This has simply been how my forward testing has panned out.
You are welcome to try as many pairs as you like in order to ascertain which pairs work best.
You also may have noticed that mtaboneweb is currently undertaking a very thorough evaluation of numerous pairs to assess which pairs perform best based on different settings of the DayStarHour in the EA.
This testing should help everyone interested in this strategy.

rgs
mike
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