High & Low 8 Hours (GBP/JPY)

Quoting brainjt

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aftre install.last EA message-

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Quoting saaedb

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4109 mean : Trade is not allowed. Enable checkbox "Allow live trading" in the expert properties.

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Quoting Pavatar

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This is my first post so I'd like to thank Nico for the system, Billbss for his many helpful and constructive comments and Saaedb for the EA.

Saaedb - your EA installed easily without any problems. I setup it up for the GBPUSD and GBPJPY with the defaults. This morning all four trades were waiting for me. My GBPUSD hit the SL and the other 3 are still working. I noticed on the Buy Stop order, however, that the entry price seems to be wrong - the data follows:

Spread = 3
GBPUSD for 12/6/2007: High = 2.0299 Low = 2.0245
Sell Stop Entry = 2.0249 SL = 2.0289 TP = 2.0209
Buy Stop Entry = 2.0600 SL = 2.0560 TP = 2.0640

I believe the entry price for the buy stop should have been near 2.0300.

Both the orders for the GBPJPY, however, seem correct:

Spread = 7
GBPJPY for 12/6/2007: High = 225.57 Low = 223.78
Sell Stop Entry = 223.69 SL = 224.19 TP = 222.69
Buy Stop Entry = 225.64 SL = 225.14 TP = 226.64

Any idea about the problem with the Buy Stop order??

Thank you for your time and effort - its appreciated!

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Quoting mazidah37

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This system seems always hit sl from mid nov until now for GBPJPY...it is due to too many people applying this system will affect the successfulness's like before or it just coincidently???...any comment nicotina?

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Quoting Nicotina

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Hy guys

apologize for my absence but I am open a office and now I dont have time but I have tried to follow the thread. If you need need help, send email or MSN add and I try to respond

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Quoting billbss

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Hi Nicotina,

What kind of office- a trading office?

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Quoting Nicotina

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Could be some day but now will be only for financial advice

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Quoting billbss

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That's great.
I hope you succeed!

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Quoting Nicotina

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Could be some day but now will be only for financial advice

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Quoting Nicotina

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Could be some day but now will be only for financial advice

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Quoting zigzig

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Saaedb,

After the first long this morning, which stopped out, I got another entry and it just closed with a 35 pip profit, using the endoftheday candle 1900. So we know that works well. I set my buffer from 10 to 2, that is why I got filled on the early position.

Thanks.

Welcome Back Nicotina.

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Quoting cesarnc

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Hey guys,

I just made a backtest and the results are in the attached file.

Unfortunately, the initially proposed setting (50 pips SL / re-enter) has shown not to be consistently profitable in the period of Jun to Nov 2007.

There are potential errors associated with the EA execution, but as far as I could see, the orders were executed properly.

It will be nice to confront other people's (more importantly nicotina's) backtest in order to check on possible mistakes.

The 100 pip SL / no re-enter has shown to be consistently profitable, though. This is what I'm using lately.

*** This is open for debate yet. Results must be validated by a number of traders here so we can get into a conclusion together.

I can send the detailed reports (Mt4's) from each month if wanted. Please let me know.

*** If I've made some sort of grotesque mistake, I apologize in advance. Doing it fast, so we can start discussing it better with a broader view on the strategy.

César

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Quoting saaedb

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1) Use alpari's databank to get their tick data. Import it to your MT4, make sure you dont open the chart for the pair you're testing (this will override the data). Open a off line chart, use the period converter script to convert the tick data to all time frames runthe script.

2) Use the MT4 Data center to download new data.
a)Goto Tools->Options->Charts Tab, in Max bars in history and Max bars in chart, fill in 99999999999 in both. it will automatically readjust it to the max value acceptable.
b) goto tools->history center->browse the nodex to get to the pair you want,click onthe 1Minute Data and click download. when download, click on every time frame till it changes color.

Now you have data from the metaquote servers. Test the data against IBFX and try to figure out what time frame the data is based off. then set those settings in the EA and test. (I've been told and I've experianced this data not to be reliable, and I dont know why)

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Quoting cesarnc

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I'll do it.

I don't, however, think it would change the results too much. pips here and there, trades here and there. Just a thought.

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