As for 226.32, I dont see how they came up with that number. They are probably using some discretion. I use IBFX as well. and 226.42 is whats the actual upper limit on my charts.
Ignored
If you're using IBFX and 226.42 is the upper limit on your charts, you're looking a bar too late.
226.42 was the high of the 0200 bar. You should stop looking at the completion of the 0100 bar, which ends at 01:59. The high of the 0100 bar was 226.31.
If you're using IBFX and 226.42 is the upper limit on your charts, you're looking a bar too late.
226.42 was the high of the 0200 bar. You should stop looking at the completion of the 0100 bar, which ends at 01:59. The high of the 0100 bar was 226.31.
Ignored
So, the Range needs to be between 17 and 1 for IBFX? I'll fix that on my settings.
I am on fxdd. today i lost data from 04:00 to 06:00 on the 1 hour chart on at least 4 pairs that i am following. Did anyone else have this experience? I would be interested in knowing what happened if anyone knows.
thanks
Mike
I am on fxdd. today i lost data from 04:00 to 06:00 on the 1 hour chart on at least 4 pairs that i am following. Did anyone else have this experience? I would be interested in knowing what happened if anyone knows.
thanks
Mike
Ignored
I have a FXDD demo and the same thing happened to me.
I don't know the reason.
I understand the system fully. I made one modification. I used a 100 pip stop loss because i am not at home to monitor it. I went to sleep and woke up and the buy was hit +100 profit. The sell was in profit at +70, so i put the stop loss uo to +50. and for the day i got 170 pips. It seems that it works better for me that way when i'm not able to monitor it. The original is good if you can monitor it. I did not mean to alter anything but that seemed to work for me. I still believe the system is good (original). But i can't monitor it to put the loss back in. I am happy with the original. Got 150 pips for the day i am happy.
Saeedb, many thanks for EA, hope one day i can return favour to help others, great job thank you. My Ea however is greyed out. i have smiley face, i changed some settings last night, it worked. tonight, boots up MT4 with original settings, guess i have to compile or something... Can anyone help? thanks.
Harve
I have read the whole thread - Thank you to Nico, for your hard work and your generousity; Bill for your willingness to help others, and your patience; and all other voices for their contributions.
To Nico, Billbss, Howard, and the other pioneers:
Some time ago, FX-Auto posted backtests that show 2005 and 2006 as losing years. 2007 has proven to be a winning year. Several voices here have expressed concern about the older results, and Billbss has responded with his belief that more recent backtesting results are all he concerns himself with. The idea was that markets do change, and so we should only concern ourselves with recent past performance. Fair enough.
Question 1: Since the markets changed at some point, and this system went from a loser to a winner, would you agree that the markets will change again, and it will go from a winner to a loser at some point?
Question 2: How will you know when that is happening?
Thanks for your best efforts to respond. I am likely to begin trading this idea, and knowing 'when to say when' is the only thing that worries me.
Saeedb, many thanks for EA, hope one day i can return favour to help others, great job thank you. My Ea however is greyed out. i have smiley face, i changed some settings last night, it worked. tonight, boots up MT4 with original settings, guess i have to compile or something... Can anyone help? thanks.
Harve
Ignored
The EA is going to be greyed out in the navigation window, thats normal. The only thing that is important is that when you attach the EA to the chart, there should be smiley face on the top right corner of the chart.
Hi Saaedb,
The EA opened a buy order yesterday (day range 0-7) after 8 which is fine, Set and forget = true however this opened buy order is still open (currently -46 pips) and it is after the close end candle time which I set to 23.00 so should this order close at that time? or will this remain open no matter what until either TP or SL is hit?
I have read the whole thread - Thank you to Nico, for your hard work and your generousity; Bill for your willingness to help others, and your patience; and all other voices for their contributions.
To Nico, Billbss, Howard, and the other pioneers:
Some time ago, FX-Auto posted backtests that show 2005 and 2006 as losing years. 2007 has proven to be a winning year. Several voices here have expressed concern about the older results, and Billbss has responded with his belief that more recent backtesting results are all he concerns himself with. The idea was that markets do change, and so we should only concern ourselves with recent past performance. Fair enough.
Question 1: Since the markets changed at some point, and this system went from a loser to a winner, would you agree that the markets will change again, and it will go from a winner to a loser at some point?
Question 2: How will you know when that is happening?
Thanks for your best efforts to respond. I am likely to begin trading this idea, and knowing 'when to say when' is the only thing that worries me.
Big pips to all,
VBro
Ignored
Hmmm... Markets do change, but from my understanding they change over a long haul. They don’t change every year. Right now the forex is being played by bank and big institutions. And they have their advisors who remain at their posts for years and as long as they remain there and the banks and big institutions keep at it, the market is going to behave pretty much the same. Now if some time in the future, the speculative force gets strong enough to beat these banks and big institutions, then the market would change.
Hope this makes sense. This just my point of view, it’s nothing concrete. It’s just my 2 cents.
Hi Saaedb,
The EA opened a buy order yesterday (day range 0-7) after 8 which is fine, Set and forget = true however this opened buy order is still open (currently -46 pips) and it is after the close end candle time which I set to 23.00 so should this order close at that time? or will this remain open no matter what until either TP or SL is hit?
Ignored
hmmm.... this is a bug, since the candle greater then 23 is 0 (24). They EA missed the close. I'll fix it and post the new EA.
Removed a bug, that was causing the EA not to close trades if we had set the "CloseEndOfDayCandle" to 23. The EA will close all pending orders on a new DailyCandle Open.
Hello Everyone! Thanks Nico for sharing your system with us, I have started using it this week, I like the simplicity of it and the results.
A question please for anyone who has used this system for awhile. What is the recommended time to place the orders? GY moves a lot around 8~9GMT (London open) but the last couple of days the high/low has been right at 0200GMT. Do you recommend to open the orders @ 0200GMT or wait till London open?
Apologies if this question has been answered before, I read the whole post and my brain is a bit numb at the moment.
Hello Everyone! Thanks Nico for sharing your system with us, I have started using it this week, I like the simplicity of it and the results.
A question please for anyone who has used this system for awhile. What is the recommended time to place the orders? GY moves a lot around 8~9GMT (London open) but the last couple of days the high/low has been right at 0200GMT. Do you recommend to open the orders @ 0200GMT or wait till London open?
Apologies if this question has been answered before, I read the whole post and my brain is a bit numb at the moment.
Thanks in advance!
Ignored
As per Nicotina's instructions:
System: Find the maximum and the minimum between 18:00GTM and 2:00GTM and then put a buy stop order with maximum and a sell stop order with the minimum.
TP 100
SL 50
If close in S/L open again the stop orders.
Close the day if close in S/L for the second time.
Close the day if close in TP.
Do not change the SL and the TP
Closes orders manually only at the end of the day (18:00 GTM).
