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Daily95pips

Daily95pips:

Date: Monday 19 November 2007
EURJPY nt
USDJPY nt
EURUSD nt

Total: 0pips

Comment: As you can see it was a very uneventful day.

Date: Tuesday 20 November 2007
EURJPY -90
USDJPY nt
EURUSD +95

Total: +5pips

Comment: A little more activity than yesterday.

Date: Wednesday 21 November 2007
EURJPY +95
USDJPY +95
EURUSD nt

Total: +190pips

Comment: Now that's what I'm talkin' 'bout. :surprised
  • #1,062
  • Quote
  • Edited 8:23am Nov 22, 2007 8:06am | Edited 8:23am
Mike,

Thanks for the response relative to what pairs work best with this strategy. If you have a minute, can you post the entries for the trades from Mon-Wed? I did not get the same results using the EA. I, in fact, am down this week.

My results using Fall EA (placing orders at 5pm ET)

11/19

EUR/JPY nt
USD/JPY nt
EUR/USD -90, long at 1.4679

11/20

EUR/JPY -90
USD/JPY -90, short at 109.69
EUR/USD +95

11/21

EUR/JPY -90, short at 161.34
USD/JPY +95
EUR/USD nt

Any ideas why, Mike?
A different broker perhaps....my posted results are from a North Finance demo.
Mike,

I use IBFX. Could a different broker REALLY make such a difference? The difference is HUGE! Has anyone else had the same results as me this week?

Another thought...Mike, does your EA cancel the other orders when one is executed (i.e. cancels the sells when the buys trigger)?
Quoting bjk2801
Mike,

Thanks for the response relative to what pairs work best with this strategy. If you have a minute, can you post the entries for the trades from Mon-Wed? I did not get the same results using the EA. I, in fact, am down this week.

My results using Fall EA (placing orders at 5pm ET)

11/19

EUR/JPY nt
USD/JPY nt
EUR/USD -90, long at 1.4679

11/20

EUR/JPY -90
USD/JPY -90, short at 109.69
EUR/USD +95

11/21

EUR/JPY -90, short at 161.34
USD/JPY +95
EUR/USD nt

Any ideas why, Mike?
Yes, this is much closer to my results. I also lost 90 in the EURUSD last night. Every day this week was a loser. I use Oanda, so I manually enter order at the trade time.
  • #1,066
  • Quote
  • Nov 22, 2007 11:08am Nov 22, 2007 11:08am
Quoting Longboard
Yes, this is much closer to my results. I also lost 90 in the EURUSD last night. Every day this week was a loser. I use Oanda, so I manually enter order at the trade time.
Yea... I've got the same results as well. I'm down this week too
  • #1,067
  • Quote
  • Nov 22, 2007 11:39am Nov 22, 2007 11:39am
Same results here also. Mike are you still entering your trades at 5pm EST?
  • #1,068
  • Quote
  • Edited 12:22pm Nov 22, 2007 12:19pm | Edited 12:22pm
Quoting mikelath
Daily95pips:

Date: Monday 19 November 2007
EURJPY nt
USDJPY nt
EURUSD nt

Total: 0pips

Comment: As you can see it was a very uneventful day.

Date: Tuesday 20 November 2007
EURJPY -90
USDJPY nt
EURUSD +95

Total: +5pips

Comment: A little more activity than yesterday.

Date: Wednesday 21 November 2007
EURJPY +95
USDJPY +95
EURUSD nt

Total: +190pips

Comment: Now that's what I'm talkin' 'bout. :surprised
I am posting my results for the 22-17 here. I was wondering if you could tell me how our trades differ because my results are somewhat different from yours. Could be that I started on Sunday afternoon or something else. I'm just curious how close our trades might be.

I am using IBFX.

Thanks
Attached File(s)
File Type: xls 22-17 for comparison.xls   43 KB | 531 downloads
  • #1,069
  • Quote
  • Nov 22, 2007 12:24pm Nov 22, 2007 12:24pm
Here is the latest...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily 95 (2007-11-21).jpg Size: 145 KB
Click to Enlarge Name: Daily 95 (2007-11-22).jpg Size: 150 KB
Mikelath says he's running a North finance demo and I am running IBFX. I haven't had much luck with IBFX and I'm wondering why I continue to use them. Some of the strangest things have happened with IBFX and I don't believe they're very straight forward. Whenever the news hits their charts freeze for sometimes extended periods (5-10-20 seconds), their spreads fluctuate on a regular basis even when the market is relatively calm, running EAs in demos almost always ends up being different from running live. I have picked a few scenarios from all the demos I am running and made them run on my live account as well (0.01 fixed lots) and the results are not on par with each other.

When I first started trading a few years back I used Intellicharts Desktop and FXCM. I was programming in IntelliScript and using TradeItself as a middle man (program). Intellicharts was programmed to send emails when I needed them and then TradeItself would check that email account and place trades, modify orders, etc. on the FXCM trading platform. That's why I switched to brokers that could use MetaTrader but I miss Intellicharts and the FXCM data stream. Things never froze for me during news, the spreads stayed more consistent, etc. The only problem was FXCM does not use MetaTrader.

I know there is a thread here that discusses brokers but it seems like a lot of opinions and I'm not sure if there are any clear cut winners.

Is there a broker out there that uses MetaTrader that feels reliable?

Should I be testing on something other than IBFX?

Is there someone better?

Is IBFX the only broker that closed for Thanksgiving? Is the Forex market closed now as well?
  • #1,071
  • Quote
  • Edited 6:44pm Nov 22, 2007 6:29pm | Edited 6:44pm
i am testing the ibfx version (DST) and got stopped out on EJ yesterday (21).

there is a new version? Piphunter is not running the EA anymore?

here is my statement
Attached File(s)
File Type: zip Jyraia.zip   10 KB | 583 downloads
I know this question may have nothing to do with this thread... but is there a similar program to TradeItself that supports FXSol platform?

Quoting mtaboneweb
Mikelath says he's running a North finance demo and I am running IBFX. I haven't had much luck with IBFX and I'm wondering why I continue to use them. Some of the strangest things have happened with IBFX and I don't believe they're very straight forward. Whenever the news hits their charts freeze for sometimes extended periods (5-10-20 seconds), their spreads fluctuate on a regular basis even when the market is relatively calm, running EAs in demos almost always ends up being different from running live. I have picked a few scenarios from all the demos I am running and made them run on my live account as well (0.01 fixed lots) and the results are not on par with each other.

When I first started trading a few years back I used Intellicharts Desktop and FXCM. I was programming in IntelliScript and using TradeItself as a middle man (program). Intellicharts was programmed to send emails when I needed them and then TradeItself would check that email account and place trades, modify orders, etc. on the FXCM trading platform. That's why I switched to brokers that could use MetaTrader but I miss Intellicharts and the FXCM data stream. Things never froze for me during news, the spreads stayed more consistent, etc. The only problem was FXCM does not use MetaTrader.

I know there is a thread here that discusses brokers but it seems like a lot of opinions and I'm not sure if there are any clear cut winners.

Is there a broker out there that uses MetaTrader that feels reliable?

Should I be testing on something other than IBFX?

Is there someone better?

Is IBFX the only broker that closed for Thanksgiving? Is the Forex market closed now as well?
  • #1,073
  • Quote
  • Nov 23, 2007 12:00am Nov 23, 2007 12:00am
Quoting BlindMist
I know this question may have nothing to do with this thread... but is there a similar program to TradeItself that supports FXSol platform?
Not that I know of. The TradeItself was always kind of a band aid fix anyways and didn't always function well. I keep getting frustrated with MetaTrader and thinking about switching to something else but the truth is that it's IBFX that is the source of my frustration. MetaTrader is a great program, I'm just not sure if there is a decent broker out there that also uses MetaTrader. Anything else is manual trading, middle man programs, etc.
Mtaboneweb,

FXCM will be taking on the MT4 platform very soon apparently. But don't think for one minute they are any more trust worthy than IBFX. I have traded with both for years and they both manipulate spot data when it suits. I have a hedge EA that shows (proves) that IBFX are skimming a pip on about 30% of my trade entries when I use it live.

And as far as FXCM goes - well they are just plain evil But I still have an account with them .... there are no honest brokers in forex.

If you want a regulated broker - go trade furtures.

Sorry a bit off topic - but no doubt relavant to the varied results everyone is getting.

Tim
  • #1,075
  • Quote
  • Nov 23, 2007 10:17am Nov 23, 2007 10:17am
Mikelath,

I downloaded and start to run a North Finance demo account as well but I noticed they are 2 hours ahead of the IBFX demos. If that is the demo you are running are you still using 22 as a start time or do you use 00 since they are 2 hours ahead?

On another note, this week has been scattered for results with the holiday and all so I am planning on starting my testing over at the beginning of next week. 11 demos with 19 currencies also appears to be too much for my computer. I am going to look at narrowing down the currency pairs an maybe cut out a time frame or two (like 00 back 2 hours). I am also doing this so that maybe I can run a couple of north finance demos as well to get any possible differences between brokers. I will adjust all time frames for the North Finance demos so they start at the same time as the IBFX demos. That's part of why I'm wondering how you set your time. If you are using 22 with the IBFX version of the EA that could be part of why our results are different.
Hi Mike ,
In your early posts you mentioned testing GBP/JPY , and according to the results you posted the performance of the pair was quite good . I am testing it for three weeks now and so far it shows pretty good results . What was the reason for removal of the pair from your list ?
Quoting mtaboneweb
Mikelath,

I downloaded and start to run a North Finance demo account as well but I noticed they are 2 hours ahead of the IBFX demos. If that is the demo you are running are you still using 22 as a start time or do you use 00 since they are 2 hours ahead?

On another note, this week has been scattered for results with the holiday and all so I am planning on starting my testing over at the beginning of next week. 11 demos with 19 currencies also appears to be too much for my computer. I am going to look at narrowing down the currency pairs an maybe cut out a time frame or two (like 00 back 2 hours). I am also doing this so that maybe I can run a couple of north finance demos as well to get any possible differences between brokers. I will adjust all time frames for the North Finance demos so they start at the same time as the IBFX demos. That's part of why I'm wondering how you set your time. If you are using 22 with the IBFX version of the EA that could be part of why our results are different.
Hey mtaboneweb.

I'm simply using the North Finance fall version of the EA in a North Finance demo account with the DayStartHour setting at 0. This means that the EA is calculating and placing orders at 5pm EST.

rgs
mike
Quoting al_ch
Hi Mike ,
In your early posts you mentioned testing GBP/JPY , and according to the results you posted the performance of the pair was quite good . I am testing it for three weeks now and so far it shows pretty good results . What was the reason for removal of the pair from your list ?
Hiya al.

Yes, GBPJPY started off ok, however if you take a look at post# 499 you'll see why I removed this pair from the list.
If your forward testing of this pair over a longer timeframe proves it to be nicely profitable then I'll consider including it again.
Please keep me posted.

rgs
mike
  • #1,079
  • Quote
  • Edited 7:31pm Nov 23, 2007 7:19pm | Edited 7:31pm
Daily95pips:

Date: Monday 19 November 2007
EURJPY nt
USDJPY nt
EURUSD nt

Total: 0pips

Comment: As you can see it was a very uneventful day.

Date: Tuesday 20 November 2007
EURJPY -90
USDJPY nt
EURUSD +95

Total: +5pips

Comment: A little more activity than yesterday.

Date: Wednesday 21 November 2007
EURJPY +95
USDJPY +95
EURUSD nt

Total: +190pips

Comment: Now that's what I'm talkin' 'bout. :surprised

Date: Thursday 22 November 2007
EURJPY nt
USDJPY nt
EURUSD nt

Total: 0pips

Comment: Another one of those days.

Date: Friday 23 November 2007
EURJPY +15
USDJPY nt
EURUSD +95

Total: +110pips

Comment: More positive results to push up the week's tally.

Total for week ending Friday 23 November 2007: +305pips


Weekly Results:

Total for week ending Friday 23 November 2007: +305pips
Total for week ending Friday 16 November 2007: -32pips
Total for week ending Friday 9 November 2007: +407pips
Total for week ending Friday 2 November 2007: -101pips
Total for week ending Friday 26 October 2007: +415pips
Total for week ending Friday 19 October 2007: +110pips
Total for week ending Friday 12 October 2007: +130pips
Total for week ending Friday 5 October 2007: +288pips
Total for week ending Friday 28 September 2007: +280pips
Total for week ending Friday 21 September 2007: +1050pips
Total for week ending Friday 14 September 2007: -651pips
Total for week ending Friday 7 September 2007: +164pips
Total for week ending Friday 31 August 2007: +585pips

Grand Total: +2935pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 23 November 2007:

EURJPY +20
USDJPY +95
EURUSD +190

Total: +305pips

For the past 13 weeks:

EURJPY +1783
USDJPY +428
EURUSD +719

Total: +2930pips

Comment: The forward testing continues to support these 3 pairs as being the most consistently profitable. I'm now simply posting whatever results the EA provides despite times when the long or short orders for the day are not calculated due to the high or low being too close to the current price at 5pm EST.
Quoting mikelath
Daily95pips:


Total: +2930pips

Comment: The forward testing continues to support these 3 pairs as being the most consistently profitable. I'm now simply posting whatever results the EA provides despite times when the long or short orders for the day are not calculated due to the high or low being too close to the current price at 5pm EST.
OK, I am not forward testing, I am doing this live. I want to make sure that "theoretical" results in demos versus actuals differences are worked out and I mitigate that risk by trading very very small size. I don't have a lot of faith in demos. I also haven't yet found an MT4 broker I trust. So instead of writing EAs and relying on such results as proof of concept, if I can't enter the orders manually and get the same results, how can I trust that the strategy really works?
+++++++++++++++++++++++++++++
Now about the last sentence, how does one change an order if long or short orders _are_ close to the actual price at trade time?

Perhaps if I could quantify what is done in that case, my results would be closer to what you are showing in your demo?? Do you have an algorithm for such cases? In the last week at least three times the order price has indeed been close to the actual price at the trade time.

Do you fade the trade then? Move out the trade time?

Thanks.
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