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High & Low 8 Hours (GBP/JPY)

  • #761
  • Nov 24, 2007 6:18am Nov 24, 2007 6:18am
Quoting Bobcat2
Jonalst,

I don't believe one of the orders being filled should result in cancellation of the other order. In fact, last week, I traded the Nico 12 which is GBP/USD @ Midnight CST. The Buy ended in a stop loss for 20 pips, BUT the Sell was filled for an eventual 40 pip win! So...my understanding is if the market doesn't trigger your position trades, you wait until end of day to close out the pending trade or trades manually.

If I am wrong, please correct me...Billbss?
If one of the orders gets filled, you don't cancel the other one, unless you are in your second trade.

The best way to think of it is this- you can lose twice or win once. You keep replacing orders, until one of these things happens.

After one of these conditions occurs (1 win or 2 losses) you cancel all existing orders and you're through for the day.
  • #762
  • Nov 24, 2007 5:44pm Nov 24, 2007 5:44pm
daily95pips EA allows various breakout timeframes
  • #763
  • Nov 25, 2007 1:27am Nov 25, 2007 1:27am
Thanks to Nicotina for sharing this great strategy and also thanks to billbs for helping others, i think it is better just to stick to the original rules.
Beautifull 200 pips last week(what aelse can you ask?), 40 pips daily average this week, just fantastic.
Thanks.
  • #764
  • Edited 6:46am Nov 25, 2007 6:27am | Edited 6:46am
Hi everyone,

Hope someone can help? Do we trade on Mondays ? Since there is insufficient data due to a Friday?
Or do we use Fridays 1800 GMT to Monday 0200 GMT data to assume the high/low values or we use Sundays partial data plus Monday data to determine the high/low values ?

Pls anyone help.



Huatboyzzzz
Pips Collector EA, No Martingale, No Grid
  • #765
  • Nov 25, 2007 6:37am Nov 25, 2007 6:37am
Quoting Alvaro
Thanks to Nicotina for sharing this great strategy and also thanks to billbs for helping others, i think it is better just to stick to the original rules.
Beautifull 200 pips last week(what aelse can you ask?), 40 pips daily average this week, just fantastic.
Thanks.
yes i would say so, i will must not change rules [for my self] which has given by Nicotina what so ever. this was profitable for me and that is all i need.
member
  • #766
  • Nov 25, 2007 7:19am Nov 25, 2007 7:19am
Hey FX-Autotrade,

I looked at these backtests again, considering whether or not I think this is tradable long term....

Now you say that the graphs here:

http://www.forexfactory.com/showpost...&postcount=214

do not include spreads.....

So at 1,850 trades X 7 pips/trade you get @12,000 pips in spread costs.... so you would be @ breakeven long term?

Thanks....
  • #767
  • Nov 25, 2007 9:29am Nov 25, 2007 9:29am
Just to confirm determining HI and LO on Monday...what time to take? The original one is 1800-0200GMT( tuesday to friday).
  • #768
  • Nov 25, 2007 10:48am Nov 25, 2007 10:48am
Quoting rapidfx
Just to confirm determining HI and LO on Monday...what time to take? The original one is 1800-0200GMT( tuesday to friday).
He doesn't take any of Friday's times.
I believe he takes 2200 Sunday's time until 0200 Monday's time.
He will post the numbers at 0200.
  • #769
  • Nov 25, 2007 11:04am Nov 25, 2007 11:04am
Quoting billbss
He doesn't take any of Friday's times.
I believe he takes 2200 Sunday's time until 0200 Monday's time.
He will post the numbers at 0200.
In the sunday, to only collect maximum and minimum of the sunday.
  • #770
  • Nov 25, 2007 11:06am Nov 25, 2007 11:06am
Quoting felipeds
In the sunday, to only collect maximum and minimum of the sunday.
I don't know what you mean.

2200 Sunday until 0200 Monday will take in part of both Sunday and Monday.
  • #771
  • Nov 25, 2007 1:39pm Nov 25, 2007 1:39pm
Quoting billbss
I don't know what you mean.

2200 Sunday until 0200 Monday will take in part of both Sunday and Monday.

You forgot to mention some brokers have some def in Sunday opnen & close.

BK
  • #772
  • Nov 25, 2007 1:54pm Nov 25, 2007 1:54pm
Quoting bkoori
You forgot to mention some brokers have some def in Sunday opnen & close.

BK
Some brokers do not show the Sunday 2200 candle.
If you have a broker like that you'll need to download a demo from a broker who shows Sunday 2200.
FXDD shows it. IBFX doesn't.
  • #773
  • Nov 25, 2007 2:09pm Nov 25, 2007 2:09pm
Quoting billbss
Some brokers do not show the Sunday 2200 candle.
If you have a broker like that you'll need to download a demo from a broker who shows Sunday 2200.
FXDD shows it. IBFX doesn't.

Thats what I wanted to mention.... Thanx Billbss

BK
  • #774
  • Nov 25, 2007 3:56pm Nov 25, 2007 3:56pm
The first graph show you the Tradestation equity curve of 2007. A 8 pips spread was included.

The second graph show you the MT4 backtest of the same period.
As you can see the results are similar.


Quoting tdion
Hey FX-Autotrade,

I looked at these backtests again, considering whether or not I think this is tradable long term....

Now you say that the graphs here:

http://www.forexfactory.com/showpost...&postcount=214

do not include spreads.....

So at 1,850 trades X 7 pips/trade you get @12,000 pips in spread costs.... so you would be @ breakeven long term?

Thanks....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TS_Equity.JPG Size: 45 KB
Click to Enlarge Name: MT4_Equity.JPG Size: 27 KB
  • #775
  • Edited 6:14pm Nov 25, 2007 4:50pm | Edited 6:14pm
Below there are 2 MT4 strategy tester reports. Period: all 2007

  1. Nicotina original settings
  2. Optimized settings

The parameters were optimized one month ago

Attached File(s)
File Type: zip Nicotina.zip   40 KB | 609 downloads
File Type: zip Nicotina_opt.zip   44 KB | 591 downloads
  • #776
  • Nov 25, 2007 5:14pm Nov 25, 2007 5:14pm
Nice results, although a stop loss of 50-63 pips with normal lot in a $10,000 account seems a little bit risky, but I think this can be adjusted to everyone's taste.

I have a question, the results are based in trading one lot from the begining to the end of the test? or the ammount increased at the pace of equity (compunding)?

Thanks for sharing
Ado Whether you believe you can do a thing or not, you are right.
  • #777
  • Nov 25, 2007 5:47pm Nov 25, 2007 5:47pm
Quoting jonaslt
Just to clarify, do you mean in the time 18-2gmt when we take the hi/lo?
I got some data going back to 2000 and trying to get some stats out of it, sort of a pain with excel but in the long run think there's much more I can do with it in terms of analysis
Let me know about that one but that's what I looked at so far but don't think there's any correlation, in a lot of cases the spread on the sample is lower during these months that I see and we're getting better results

Jonaslt,
Sorry for delay... Yes, I meant 18-2 GMT time. I also started forming excel file where I have;
Sell price
buy price
Current price @ 2 GMT
Spread
Delta to buy price ( Buy price-current price @ 2 GMT)
Delta to sell price ( current price @ 2 GMT - sell price)
Days net pips
It would be interesting if i can see any correlation statistically. From your comment above, it sounds like you are seeing better results when spread is lower, so how low is it?
  • #778
  • Nov 25, 2007 5:57pm Nov 25, 2007 5:57pm
Do you mind posting the graph of 2002-2007 w/ spreads included? I don't think I've seen that one yet.

Quoting autotrade-fx
The first graph show you the Tradestation equity curve of 2007. A 8 pips spread was included.

The second graph show you the MT4 backtest of the same period.
As you can see the results are similar.
  • #779
  • Nov 25, 2007 6:18pm Nov 25, 2007 6:18pm
I agree, it's too risky to trade 1 lot in a $10,000 account.
The simulation use one fixed lot for all trades.

Quoting Ado
Nice results, although a stop loss of 50-63 pips with normal lot in a $10,000 account seems a little bit risky, but I think this can be adjusted to everyone's taste.

I have a question, the results are based in trading one lot from the begining to the end of the test? or the ammount increased at the pace of equity (compunding)?

Thanks for sharing
  • #780
  • Nov 25, 2007 6:51pm Nov 25, 2007 6:51pm
This is the equity graph of 2006. The previous years are similar.

Quoting tdion
Do you mind posting the graph of 2002-2007 w/ spreads included? I don't think I've seen that one yet.
Attached Image (click to enlarge)
Click to Enlarge Name: Nicotina 2006.gif Size: 6 KB
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