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Strategy to take safe pips every day

  • #121
  • Nov 28, 2007 9:42am Nov 28, 2007 9:42am
thanks Findcount. I did not find in wich post he said that.

here is another. Is this wrong too? Thanks again.

http://img255.imageshack.us/img255/3021/jhjkakv3.gif
  • #122
  • Nov 28, 2007 5:39pm Nov 28, 2007 5:39pm
id like the opinion of Toto about this trades in the next pic.

1- price came about 40 pips before go up again (without spreads aways)
2-price came 20 pips down
3-yellow one. in this case price came up but the trend candle had 60 pips, so is not valid, right?
4-price came up 20 pips
5-price came 15 pips against the position. and then 15 pips in profit.

the first is the same of the post above, maybe this is invalid because there was the previous trade (that with the big trend candle)

trade #2 is invalid? Because there is small candles and a resistence.... maybe another resistance in the same level make this trade better?

trade #3 as i said before had a big trend candle...

trade #4 the counter trade candle is small... any problem with it?

trade #5 have 2 big candles... this is a correct entry?

thanks in advance.

http://img503.imageshack.us/img503/5576/aaaaayi4.gif
  • #123
  • Nov 29, 2007 4:24am Nov 29, 2007 4:24am
Herbert,

You wanted to talk more about programming an EA or backtest I beleive. Please drop me another private message and please include your regular eMail address and I'll get back to you later next week via normal eMail, so we can talk some more about it with greater ease.

Thanks, Johnny.
  • #124
  • Nov 29, 2007 8:38am Nov 29, 2007 8:38am
...

http://img144.imageshack.us/img144/664/aaaaaqv0.gif
  • #125
  • Nov 30, 2007 7:59am Nov 30, 2007 7:59am
Quoting giraia_br
...

http://img144.imageshack.us/img144/664/aaaaaqv0.gif
maybe that's why toto takes so little pips profit............so maybe need to look at another pair with a spread of no more than 2 pips ?
  • #126
  • Nov 30, 2007 8:26am Nov 30, 2007 8:26am
"Safe" pips... LOL. Show me a "safe" pip and I'll mortgage my house.
  • #127
  • Nov 30, 2007 11:31am Nov 30, 2007 11:31am
Quoting tdion
"Safe" pips... LOL. Show me a "safe" pip and I'll mortgage my house.
one that is already banked is the only safe pip and by banked i mean in YOUR wallet
Don't chase the market, Let the market come to you
  • #128
  • Dec 1, 2007 8:51am Dec 1, 2007 8:51am
Quoting bunjow
Interesting system you have here toto, thanks for sharing.

Question: I understand you enter on the break of a trending candle after 1 or 2 candles show resistance after the trending candle. But what if the resistance candles have already broke through the low of the trending candle?
i was thinking of the same thing...........
  • #129
  • Dec 1, 2007 8:55am Dec 1, 2007 8:55am
Quoting giraia_br
...

http://img144.imageshack.us/img144/664/aaaaaqv0.gif
maybe you enter only if the candle immediately after the 1 or 2 retracement candle go beyond the high or low of the trending candle............

safer too if the uptrend has been longer.............

best for toto to clarify.........
  • #130
  • Dec 1, 2007 9:43am Dec 1, 2007 9:43am
Quoting toto4444
often i found only 2 trades a day, but it makes me 15 or more safe pips...
and that thinking will make you a lot of mony with little stress

forex IS easy but people make it complicated with all these indicators

take what the charts give you and stop the hunt for the big ones and you will be wealthy beyond these idicator crazy people
Don't chase the market, Let the market come to you
  • #131
  • Dec 3, 2007 9:56am Dec 3, 2007 9:56am
just curious so i took a look at daily using these EMAs and using the same entry methods seem to work very well for those pairs that are not too volatile.........usd/cad, usd/sgd and a few others..........
  • #132
  • Dec 3, 2007 11:54am Dec 3, 2007 11:54am
Which dailys are you using this method with, specifically? Thank you.
"Loss and failure are inevitable but misery is optional"
  • #133
  • Dec 5, 2007 3:27pm Dec 5, 2007 3:27pm
hi guys,

i have coded toto's idea for MT4 ,but changed it a little bit to optimize...so i use EMA 13 and SMA 34 instead EMA 10 and 20...the test results for November are pretty good(i could only test for November,because lack of data )...but i dont trust the result as MT4 doesnt support tick data to test with.So i will perform a forward test as next(the fisrt few days werent so good) and let you know how it performs .Does someone know ,where i could find a historical data for MT4 for 5min?

cheers!
  • #134
  • Dec 5, 2007 5:15pm Dec 5, 2007 5:15pm
Quoting masagor
hi guys,

i have coded toto's idea for MT4 ,but changed it a little bit to optimize...so i use EMA 13 and SMA 34 instead EMA 10 and 20...the test results for November are pretty good(i could only test for November,because lack of data )...but i dont trust the result as MT4 doesnt support tick data to test with.So i will perform a forward test as next(the fisrt few days werent so good) and let you know how it performs .Does someone know ,where i could find a historical data for MT4 for 5min?

cheers!

Here is a google search for "Metatrader Data", Alpari Data is the third link I believe.

As far as coding an EA, you may want to make a time filter and have it only trading during market hours. If the data happens to set a trade up midafternoon when neither market is open I wouldn't want to be in it, but thats just me.
The basis of a democratic state is liberty. ~ Aristotle
  • #135
  • Dec 5, 2007 5:37pm Dec 5, 2007 5:37pm
thanks dude,

i know already this source for fx data ,but there is no 5min data,only 1m and a hourly...i am interested in 5min historical data since the begining of 2007.
Below is the result from November testing(only the long positions,becouse i have coded long and short EAs separatly)..the short position's chart is similar to this....still looking for 5min data...i dont trust the mt4's tester at all.
i hope toto can help more with the optimization.
my setup is:
1.ema 13 and SMA 34
2.SL is when EMA 10 cross EMA 20 (average 20pips)
3.TP is 23pips ,as i move SL to b.e. if i see +3 pips-never let winner turn into looser princip!
4. it works only with eur/jpy on 5min....the results with other pairs is negative and this make me wonder a little bit!
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1.jpg Size: 50 KB
  • #136
  • Dec 5, 2007 5:44pm Dec 5, 2007 5:44pm
here the results from the short positions from November...i wish ,it was running on my real account
total net profit arround 400 pips from both
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_2.jpg Size: 48 KB
  • #137
  • Dec 6, 2007 2:20am Dec 6, 2007 2:20am
Quote
here the results from the short positions from November...i wish ,it was running on my real account
total net profit arround 400 pips from both
The results of what exactly?
apart from the optimised ma's where was the stop? How did it trigger an exit on the winners?
BTC Return This Year: na
  • #138
  • Dec 6, 2007 2:44am Dec 6, 2007 2:44am
I read how you have been making cool gains trading this strategy, what has been your success result? 99%
  • #139
  • Dec 6, 2007 3:45am Dec 6, 2007 3:45am
Quoting uncletrumpet
I read how you have been making cool gains trading this strategy, what has been your success result? 99%
the succsess rate is 91%.but this means nothing to me ...it is running a forward test right now and the results are tragical!
  • #140
  • Dec 6, 2007 4:22am Dec 6, 2007 4:22am
Quoting uncletrumpet
I read how you have been making cool gains trading this strategy, what has been your success result? 99%
a had a few wins in a row and got excited. I lost the gains and investigated further. I found the system has issues mainly because of spread and I dont know how to get a positive expectancy over time. It may have merit but there is no exit strategy to work with other than discretionary with stops much larger than profits. Until we have something better defined with a proven positive expectancy I would say this is a dangerous safe pips strategy.
BTC Return This Year: na
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