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Daily95pips

  • #1,201
  • Nov 30, 2007 3:24pm Nov 30, 2007 3:24pm
11/25/2007 - 11/30/2007 Total Completed Results

Check out the EUR/CHF with a total of +1075 pips across all time frames and demos. It would appear that 13-17 or 22-17 may be a good time for the EUR/CHF.

Mikelath,

Was the EUR/CHF part of your initial testing before you got down to the 3 you are using now?

To all,

Notice the difference between the 08-17 demos on the GBP/CHF and the GBP/JPY. The IBFX demo took a beating while the NF demo took off for a great positive. Then on the EUR/CHF did better on the IBFX demo although both were very good for the week.

I think it may be important to continue testing like this for another week or so before I decide which broker to cut. I plan to continue test all 3 time frames to see what time will tell about the pairs and which ones are good where.

I'm not sure about the Reverse version because it would be too much for my computer to run 9-12 demos. I will see what I can do because I would actually like to do the same test on the reverse (3 IBFX demos, 3 NF demos on the 08-17, 13-17, and 22-17 time frames).
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  • #1,202
  • Nov 30, 2007 6:49pm Nov 30, 2007 6:49pm
Quoting mtaboneweb
Here is an example of my computer's resources during some major activity this morning.

OS: Vista Business
CPU: AMD Opteron 175 (Dual Core - clocked at 2.42 GHz in bios)
Memory: 2GB

You can see all the MetaTraders running on the task bar. The time shown is GMT -07:00 (9:00am in Scottsdale, Arizona).
YOu are in scottsdale Arizona??
  • #1,203
  • Edited 9:00pm Nov 30, 2007 8:36pm | Edited 9:00pm
Quoting bob_inabottle
Hi All

I have been reading this thread for a few months now and demo trading it myself, i would like to thank Mike and everyone who has helped... Mike its great to see other aussies having a go at this stuff too!! (even if you are a banana bender hehe)

My broker has a differnt platform to mt4, so i got a NF demo and now have mt4, so i think im going ok, i have the happy face in the top right hand corner of the chat.

Just two questions if i may.

Do i now need to leave the chart open and running at the turn of the day so the EA will activte?

In the EA properties the first 2 things it lists are fixed lots and risk, maybe im being a bit of a himbo but do i use both of these settings or just one?

It really is a shame my other brokers platform wont use EA'S but thats life!

Thanks again guys and girls

Bob
Hiya Bob.

My understanding is that your computer must be turned on for the duration within the week that you would like the EA to function for. From what I can gather, the EA is attached to and functions from your computer, not the broker.You would therefore need to have the hibernate option switched turned off in the screensaver section of the control panel. The reason for this is twofold:
1. To ensure that the computer is on when the EA is due to calculate the new orders for the day.
2. To ensure that the computer is on to manage any open trades ie. executing profit targets and stops.

As for whether you need the trading platform to be constantly open for the EA to still work, I'm not 100% sure. Personally, I keep the trading platform open for the whole week (Sunday night to Saturday morning Brisbane time)and minimise it while I do other stuff on the computer.

If you are running the NF fall version the default settings are set to the 'standard' rules of the D95P strategy as per post#1. If you are happy with these settings then you don't need to change a thing. Pr1mer has programmed the EA to calculate order sizes based on a % of the account balance, thus achieving the desired money management objective. He has included a word doc with instructions outlining each setting ( sorry, I can't remember which post it's at ). The only difference between Pr1mer's latest version of the EA and PipHunter's fall EA's is that piphunter has adjusted the DayStartHour to suit numerous brokers who start the day at different times, thus making it easier for newbies unfamiliar with how to adjust the input settings on the EA. I'm immensely grateful to both of them.

rgs
mike
  • #1,204
  • Nov 30, 2007 9:22pm Nov 30, 2007 9:22pm
Daily95pips:

Date: Monday 26 November 2007
EURJPY +15
USDJPY -90
EURUSD nt

Total: -75pips

Comment: :

Date: Tuesday 27 November 2007
EURJPY -90
USDJPY -90
EURUSD -90

Total: -270pips

Comment: We need some seriously positive results to recover from these 2 days.

Date: Wednesday 28 November 2007
EURJPY +15
USDJPY -90
EURUSD +95

Total: +20pips

Comment: Interesting to note is that despite being +20pips up for the day, the demo account balance is down -$210. Looking at the account history I can see that the EA placed lot sizes of 0.30 for EURUSD and 0.40 for USDJPY and EURUSD which had greater losses thus resulting in an overall loss in dollar terms for the day. This scenario presents another consideration apart from pip gains in determining the success of this system in a live trading environment.

Date: Thursday 29 November 2007
EURJPY nt
USDJPY nt
EURUSD nt

Total: 0pips

Comment: Not much to comment on here.

Date: Friday 30 November 2007
EURJPY +95
USDJPY -90
EURUSD +95

Total: +100pips

Comment: Thank the good Lord for at least some positive results to end the week on.

Total for week ending Friday 30 November 2007: -225pips

Weekly Results:

Total for week ending Friday 30 November 2007: -225pips
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: +2710pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 30 November 2007:

EURJPY +35
USDJPY -360
EURUSD +100

Total: -225pips

For the past 14 weeks:

EURJPY +1818
USDJPY +68
EURUSD +819

Total: +2705pips

Comment: It was an absolute shocker of a week for USDJPY with a -360pip result, thus reducing it's grand total back to +68, close to breakeven. It is however not all doom and gloom as +455pips for all 3 pairs over the past 4 weeks is still pretty good. The weekly average since inception is now +193pips.
  • #1,205
  • Nov 30, 2007 9:27pm Nov 30, 2007 9:27pm
"Check out the EUR/CHF with a total of +1075 pips across all time frames and demos. It would appear that 13-17 or 22-17 may be a good time for the EUR/CHF.

Mikelath,

Was the EUR/CHF part of your initial testing before you got down to the 3 you are using now?"

Actually, no it wasn't. Thanks for bringing this to the table. EURCHF may indeed be a contender.
  • #1,206
  • Edited 12:54am Dec 1, 2007 12:42am | Edited 12:54am
Quoting mikelath
Hiya Bob.

My understanding is that your computer must be turned on for the duration within the week that you would like the EA to function for. From what I can gather, the EA is attached to and functions from your computer, not the broker.You would therefore need to have the hibernate option switched turned off in the screensaver section of the control panel. The reason for this is twofold:
1. To ensure that the computer is on when the EA is due to calculate the new orders for the day.
2. To ensure that the computer is on to manage any open trades ie. executing profit targets and stops.

As for whether you need the trading platform to be constantly open for the EA to still work, I'm not 100% sure. Personally, I keep the trading platform open for the whole week (Sunday night to Saturday morning Brisbane time)and minimise it while I do other stuff on the computer.

If you are running the NF fall version the default settings are set to the 'standard' rules of the D95P strategy as per post#1. If you are happy with these settings then you don't need to change a thing. Pr1mer has programmed the EA to calculate order sizes based on a % of the account balance, thus achieving the desired money management objective. He has included a word doc with instructions outlining each setting ( sorry, I can't remember which post it's at ). The only difference between Pr1mer's latest version of the EA and PipHunter's fall EA's is that piphunter has adjusted the DayStartHour to suit numerous brokers who start the day at different times, thus making it easier for newbies unfamiliar with how to adjust the input settings on the EA. I'm immensely grateful to both of them.

rgs
mike
The platform needs to be running as long as there are open orders or pending orders. The EA has to be active to manage the trades as the charts tick. It's what is responsible for moving the stop loss to break even after +15 is achieved, trailing stops if chosen, etc. It also closes the opposite trades. The system would not produce good results without this maintenance of the orders.
  • #1,207
  • Dec 1, 2007 5:12am Dec 1, 2007 5:12am
Sam, excellent work, Thank you! You are one of the most helpful folks around here

Quoting Samantha
If you need help with setting up the EA, I have a word document (attached) with step-by-step instructions. (Revisions will be added as time permits).

Regards,
Sam
  • #1,208
  • Dec 1, 2007 5:45am Dec 1, 2007 5:45am
Quoting mikelath
Daily95pips:

Date: Monday 26 November 2007
EURJPY +15
USDJPY -90
EURUSD nt

Total: -75pips

Comment:

Date: Tuesday 27 November 2007
EURJPY -90
USDJPY -90
EURUSD -90

Total: -270pips

Comment: We need some seriously positive results to recover from these 2 days.

Date: Wednesday 28 November 2007
EURJPY +15
USDJPY -90
EURUSD +95

Total: +20pips

Comment: Interesting to note is that despite being +20pips up for the day, the demo account balance is down -$210. Looking at the account history I can see that the EA placed lot sizes of 0.30 for EURUSD and 0.40 for USDJPY and EURUSD which had greater losses thus resulting in an overall loss in dollar terms for the day. This scenario presents another consideration apart from pip gains in determining the success of this system in a live trading environment.

Date: Thursday 29 November 2007
EURJPY nt
USDJPY nt
EURUSD nt

Total: 0pips

Comment: Not much to comment on here.

Date: Friday 30 November 2007
EURJPY +95
USDJPY -90
EURUSD +95

Total: +100pips

Comment: Thank the good Lord for at least some positive results to end the week on.

Total for week ending Friday 30 November 2007: -225pips

Weekly Results:

Total for week ending Friday 30 November 2007: -225pips
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: +2710pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 30 November 2007:

EURJPY +35
USDJPY -360
EURUSD +100

Total: -225pips

For the past 14 weeks:

EURJPY +1818
USDJPY +68
EURUSD +819

Total: +2705pips

Comment: It was an absolute shocker of a week for USDJPY with a -360pip result, thus reducing it's grand total back to +68, close to breakeven. It is however not all doom and gloom as +455pips for all 3 pairs over the past 4 weeks is still pretty good. The weekly average since inception is now +193pips.
Mike a still with a loss in my ibfx fall version that started 11/01.

do you run a demo of that version too? there is much diferent results?

i opened yesterday Piphunter account and looks like he started to run the EA again. But i could not found new posts here.

i hope he returns and make a new version more close of the manual method.
  • #1,209
  • Dec 1, 2007 9:38am Dec 1, 2007 9:38am
Quoting freed14
YOu are in scottsdale Arizona??
Yes, why?
  • #1,210
  • Dec 1, 2007 9:42am Dec 1, 2007 9:42am
Quoting shiva
Sam, excellent work, Thank you! You are one of the most helpful folks around here
Thanks for the kind words, much appreciated.

Many thanks to Mike, Pr1mer, PipHunter, mtaboneweb, and others who have unselfishly devoted their time and talents to help further the 95 Daily Pips EA.

Sam
  • #1,211
  • Dec 2, 2007 11:01pm Dec 2, 2007 11:01pm
Quoting mtaboneweb
Yes, why?

Tempe Arizona with me
  • #1,212
  • Dec 3, 2007 6:34am Dec 3, 2007 6:34am
Hi everybody - as always - thanks for the input and the hard work - you know who you are...

I am wondering if anybody has tried starting their orders, whether live or not, at the open of Tokyo market? If so, what have been the results? In my IBFX live account (using teeny, tiny lots) there seems to be a lot of price volatility when the volumes are thin. This would seem to lead to more - saying this nicely - market manipulation.

I don't know if the thin volumes are working for us or against us.

2nd item - With the reversing - here is another thought. Again, on days where we have had a big move in the market and the close is near the top or the bottom of that big move, the market always have a tendency to do some retracing. We have the problem of orders getting triggered and then stopped out with this retracing. I believe this is being addressed with the reverse changes made in the EA.

The second piece of this puzzle is the fact that the opposite order is set way on the other side of this big move. For example, let's say a pair moves 200 pips up in a given day. Before our sell orders are triggered, the market would have to retrace the entire 200 pips plus 5 more (or whatever number you are using) before our sells would be triggered. Way into this 200+ pip move, the tide has obviously turned.
I have seen in several different places, the use of a calculation to determine when the market momentum has reverse. The term used I have seen most is 'pivot point'. The calculation of the pivot point is easy enough:

(Previous Period Close + Previous Period High + Previous Period Low) / 3

Most of you are far more experienced and smarter than I am, do you think a pivot point +or- 5 pips on the day after a big move might yield more pips?

Comments and input please....


Tim
  • #1,213
  • Dec 3, 2007 7:18am Dec 3, 2007 7:18am
I've started testing the Reverse EA on my FXDD demo platform. My thoughts are most probably to use the Reverse EA on Sunday and Monday and the 95Daily EA Tues - Thurs.

However, we are coming up upon the holidays. That being the case, the market volume tends to get thinner around Dec. 15 - Jan 15 area as most institutional traders are on vacation. If the Fed's cut interest rates (enough) on Dec. 11th we may see some trending movement among the pairs. Again, however, at some point the holiday volume will take over.

The Reverse EA may work perfectly during the above time period.
Any thoughts?

Sam
  • #1,214
  • Edited 8:15am Dec 3, 2007 7:53am | Edited 8:15am
Quoting tsquad
Hi everybody - as always - thanks for the input and the hard work - you know who you are...

I am wondering if anybody has tried starting their orders, whether live or not, at the open of Tokyo market? If so, what have been the results? In my IBFX live account (using teeny, tiny lots) there seems to be a lot of price volatility when the volumes are thin. This would seem to lead to more - saying this nicely - market manipulation.

I don't know if the thin volumes are working for us or against us.

2nd item - With the reversing - here is another thought. Again, on days where we have had a big move in the market and the close is near the top or the bottom of that big move, the market always have a tendency to do some retracing. We have the problem of orders getting triggered and then stopped out with this retracing. I believe this is being addressed with the reverse changes made in the EA.

The second piece of this puzzle is the fact that the opposite order is set way on the other side of this big move. For example, let's say a pair moves 200 pips up in a given day. Before our sell orders are triggered, the market would have to retrace the entire 200 pips plus 5 more (or whatever number you are using) before our sells would be triggered. Way into this 200+ pip move, the tide has obviously turned.
I have seen in several different places, the use of a calculation to determine when the market momentum has reverse. The term used I have seen most is 'pivot point'. The calculation of the pivot point is easy enough:

(Previous Period Close + Previous Period High + Previous Period Low) / 3

Most of you are far more experienced and smarter than I am, do you think a pivot point +or- 5 pips on the day after a big move might yield more pips?

Comments and input please....


Tim


This strategy would probably work well with the JPY, GBP, and some of the other high movers. Are you just thinking to t/p at the pivot point?

I use pivot points in my trading. Wouldn't the language need to include (and I am not a programmer, so I hope you understand my gibberish) something to the extent of = if moves past pivot (depending on direction) then t/p at Support 1 or Resistance 1, if moves past S1, R1, then t/p at S2, R2, etc.

And what about retracements? Especially from S3,R3? - And I'd also think you'd have to add a TS.

Just thinking out loud.

Regards,
Sam
  • #1,215
  • Dec 3, 2007 9:10am Dec 3, 2007 9:10am
I reset the accounts on Sunday afternoon so there will be no trades for the 22-17 time frame for IBFX or NF. Both placed trades improperly opening pending orders times 2, 3, 4, and even more on some currencies. Somewhere in the roll over from Friday to Sunday the EA gets confused. It most likely has something to do with when the time stops ticking on Friday and when it starts back on Sunday. Even if I start the demos shortly after the market open on Sunday it initially places double, triple, etc. orders which I would have to manually close to get things evened out. The 1st solution I can think of is to disable experts on the whole account before the market opens on Sunday and then re-enable them after the time gets itself worked out. This is a temporary fix for now and it requires that you are in front of your computer on Sunday at market open. Maybe our original programmers could take a look at the code? Everything about this EA seems to be great except for this one Sunday bug.
  • #1,216
  • Dec 3, 2007 9:17am Dec 3, 2007 9:17am
Quoting Samantha
This strategy would probably work well with the JPY, GBP, and some of the other high movers. Are you just thinking to t/p at the pivot point?

I use pivot points in my trading. Wouldn't the language need to include (and I am not a programmer, so I hope you understand my gibberish) something to the extent of = if moves past pivot (depending on direction) then t/p at Support 1 or Resistance 1, if moves past S1, R1, then t/p at S2, R2, etc.

And what about retracements? Especially from S3,R3? - And I'd also think you'd have to add a TS.

Just thinking out loud.

Regards,
Sam

That's a great thought. It would take some work on the EA to add support for pivots but it could be done. At this point however I was simply thinking in reverse of the original idea that playing on the bounce rather than the breakout may be profitable on certain pairs and/or certain time frames. I would like to see how well it does under simple rules first before modifications are made to maximize more profits. If it proves to be working well in certain areas then modifying it to work off of pivots could help to increase profit levels.
  • #1,217
  • Dec 3, 2007 10:08am Dec 3, 2007 10:08am
Results for today (using EA - live)

EUR/JPY -90
EUR/USD -90
USD/JPY - nt

Let's hope tomorrow is a better day!!!
  • #1,218
  • Dec 3, 2007 2:07pm Dec 3, 2007 2:07pm
Quoting Samantha
This strategy would probably work well with the JPY, GBP, and some of the other high movers. Are you just thinking to t/p at the pivot point?

I use pivot points in my trading. Wouldn't the language need to include (and I am not a programmer, so I hope you understand my gibberish) something to the extent of = if moves past pivot (depending on direction) then t/p at Support 1 or Resistance 1, if moves past S1, R1, then t/p at S2, R2, etc.

And what about retracements? Especially from S3,R3? - And I'd also think you'd have to add a TS.

Just thinking out loud.

Regards,
Sam
My original thought was to use the pivot point +or- 5 pips as to where to trigger the order. We are on the same page for S2, S3 or R2 and R3 as TP or SL points. My concern was that I might be getting the cart before the horse because I really don't have a lot of experience using the pivot points.

As far as which pair to use pivot points on - I think it would be applicable to all of the pairs. We would just have to define how big a daily move would need to be in order to use the pivot point logic instead of the 'normal' logic.

Again - all input is appreciated...

Tim

BTW Samantha - love the Proverb's quote - one of my favorites...
  • #1,219
  • Dec 3, 2007 5:26pm Dec 3, 2007 5:26pm
Quoting bjk2801
Results for today (using EA - live)

EUR/JPY -90
EUR/USD -90
USD/JPY - nt

Let's hope tomorrow is a better day!!!
same result for me
  • #1,220
  • Dec 3, 2007 6:24pm Dec 3, 2007 6:24pm
Quoting bjk2801
Results for today (using EA - live)

EUR/JPY -90
EUR/USD -90
USD/JPY - nt

Let's hope tomorrow is a better day!!!
I only trade one pair using this system, and that is EUR/USD. I do not however blindly use this system every day, but instead use discretion, and have had pretty good luck with it. I chose not to trade short today based on price being on the trend line. Yes, that trend line may be broken, but until it is, I decided not to trade, and saved myself 90 pips. When it's trending up, like it has been for years now, I only take long trades. Granted, we may be in for a bigger correction, and I may take short trades again, once the trend line is broken, and price is back in the bigger channel. I know in some cases, my discretion will be wrong, but it's just my personallity not to let an EA do "all" the trading for me :-)
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