Daily95pips

Quoting bjk2801

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Thanks a lot. I like the idea of taking the extra +15 pips on the final 50 pips of profit (if necessary). Then, why do you just set a trailing stop on the third order? Some pips is better than zero (or negative pips)!! Ideas??

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Quoting mtaboneweb

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I forgot about the trailing stop, that's a good point.

Another silly question about your BE problem... Do you have it set properly in the EA's settings? I know you say it was working fine but you may check to verify it is still set to 15.

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Quoting bjk2801

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YES, it is set to 15. Re: Trailing stop...if I wanted this ON the third order, I was change FALSE to TRUE, correct? Also, I could adjust the default from 20 to whatever, correct? Why did Mikelath turn this feature off? Are we better off taking a chance (leaving it off) to get the full 50 pips? Thanks.

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Quoting mtaboneweb

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I'm not sure why the default is false. I can only assume it was an after thought (not part of the original system) that was added later. This way anyone who wanted to use it could.

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Quoting bjk2801

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Do you use the trailing stop (TRUE) or leave it off (FALSE)? It seems that it would make sense to use it, so we can achieve some extra profit. Make sense?

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Quoting mtaboneweb

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It does make sense although at this point I am not using it. I am simply beta testing the system in it's original form for now to see how it does. I have it split between 2 brokers right now to see which does better and have added a couple of alternate times to start. In the end I guess when I started using it live I may very well decide to use the trailing stop.

As a side note the North Finance demos seem a little laggy compared to IBFX but the North Finance demos have better overall results. The orders for the most part seem to be comparable between the 2 brokers but they definitely perform differently. I am leaning towards using NF on a live account but I only have an IBFX live account at the moment.

Being that I'm in the US does anyone have an opinion about using a broker located outside of the US? Anyone have real life (live) trading history with North Finance?

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Quoting mtaboneweb

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Some of the issues I've had with this EA are below:

1. If the pending orders have been placed and you close and re-open MetaTrader while it's still within the hour to place the pending orders, then it places another set of pending orders. The EA doesn't do a good job of checking to see if pending orders have already been placed. The EA needs to check things out before it opens pending orders.

2. If you have double pending orders for a currency and one direction is triggered only 3 of the opposite trades are canceled leaving 3 others that could be triggered later in the opposite direction. Double orders shouldn't happen in the first place but the EA should still be able to handle this situation.

3. If it turns out that moving the SL to BE is a lag issue where the broker somehow turns the order to modify down then the EA should re-try on the next tick of the chart until it can be set.

I also think that there should be an option in the EA to say true/false for directly opening orders if the currency is too close to the high/low to place pending orders. In this case it would place direct trades in that direction and not even bother setting pending orders in the opposite direction. Suggestions have been made to place x amount of pips even higher or lower but I feel if you're going to set it that close in the first place then you might as well get in sooner and have a better chance at your TP. If you set it 5 above or below then you will most likely hit that anyways and you've already lost an additional 5 pips already in that direction.

Another idea... Has anyone considered setting the +50 TP's stop loss to +15 once the +30 TP order has hit. In this case if you hit +15 and +30 and your +50 never happens then you would still have +15 for a total of +60 if it only went as far as the +30 marker instead of falling all the way back to 0 leaving you with +45 instead. I realize that moving a SL up would possibly decrease the possibility that the +50 might have enough room to hit +50 but it does ensure more of a profit if it never makes it all the way. I would rather take +15 more on the last order rather than wait for +50 which may not happen. This may leave to small of a window for the maximum profit. It could be added as a true/false setting in the EA.

Thoughts?

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Quoting cjr4au

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I've been placing my trades manually so all of the EA messages on here don't really apply to me. However, I was wondering why there is a difference in the performance of NF and IBFX. Is there two different strategies being tested here or is it the same strategy and the reason the results are different is because of problems with the broker? I know there has been alot of different things tested (trailing stops, moving to break even, etc.), just wondering if that was why there was a difference in results for the EAs.

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Quoting Paris Hilton

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I'm having decent results with the daily pips EA with the EUR/JPY also but I want to make sure I have it set up correctly. I hope someone will answer my question. For the North Finance EA NF is gmt +2. So does this mean I have to have the time set to 22 hours and not 0 hours? Thank you, Paris

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Quoting freed14

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Tempe Arizona with me

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Quoting mtaboneweb

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I must have missed this post somehow. Good to see a fellow Arizonian on this thread.

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