Attachments: High & Low 8 Hours (GBP/JPY)

High & Low 8 Hours (GBP/JPY)

#1,301
Dec 12, 2007 3:58am Dec 12, 2007 3:58am

Pavatar
| Joined Oct 2007 | Status: Trader | 364 Posts

Quoting Colostarr

Disliked

Got the EA into my MT4 demo. Now do I just leave it alone and let it run or are there any parameter changes that I need to make. Like how many lots it will open and so forth?

Ignored

Hi Colostarr -

At the top of the page is a button to 'search this thread'. Type in 'saaedb' and read his posts concerning the EA, its parameters, definitions, etc. It gives each individual an opportunity to fine tune the method to meet their particular needs/style. I try to keep it as close to Nico's original ideas as possible. This approach has proven very successful for Nico (and for me so far).

You can also use the 'search' engine to find posts with the various backtest, each offer different combinations of parameters you can try if they suit your particular style/approach to trading.

Since I've removed my personal 'stupid' factor from the equation, the EA has worked very well and manually checking it proves the point that saaedb has done a great job in developing the EA.

Pavatar

#1,302
Dec 12, 2007 4:30am Dec 12, 2007 4:30am

Colostarr
| Commercial User | Joined Oct 2007 | 1,015 Posts

Thanks anyway. But one page takes about 5 minutes load with my internet connection. I did the search for saaedb and there was 131 pages. I was just hoping someone can tell me HOW to make the changes. When i go to change something it does not take. When I go back to the EA it is reverted back to the number I changed it from. And does this particular EA place the trades for you?? How does that work?? If someone could just give me a link so I could go to the page instead of taking 3 hours to sort through 131 pages...anyone??

Quoting Pavatar

Disliked

Hi Colostarr -

At the top of the page is a button to 'search this thread'. Type in 'saaedb' and read his posts concerning the EA, its parameters, definitions, etc. It gives each individual an opportunity to fine tune the method to meet their particular needs/style. I try to keep it as close to Nico's original ideas as possible. This approach has proven very successful for Nico (and for me so far).

You can also use the 'search' engine to find posts with the various backtest, each offer different combinations of parameters you can try if they suit your particular style/approach to trading.

Since I've removed my personal 'stupid' factor from the equation, the EA has worked very well and manually checking it proves the point that saaedb has done a great job in developing the EA.

Pavatar

Ignored

#1,303
Dec 12, 2007 6:53am Dec 12, 2007 6:53am

yullah
| Joined Aug 2007 | Status: Trader | 50 Posts

u guys are doing wonderfully well, i just read through the strategy and i find it intresting, but i have problem in getting the time (1800..). please i will appreciate it if anybody can help me out. am ussing northfinance platform and marketiva and am leaving in nigeria

#1,304
Dec 12, 2007 7:15am Dec 12, 2007 7:15am

smurf
| Joined Nov 2006 | Status: Trader | 245 Posts

Quoting billbss

Disliked

smurf,
How did you lose -100 on the buy, when the SL is 50?

See post#1.

Ignored

The system says to use a 5o sl. I use 100 because, I am not able to monitor the system. Thats how i got a -100 buy and, +100 sell. It is still a good system with 50 sl if you are able to monitor it. I have read through the thread again from page one. I understand the time frame to use the hour candles of 12-21 where i am.(you, HnP, Saaed help me to understand that, thank you). Yes you place a high and a low, which my high and low was

228.11 high
224.76 low

I did not enter last night because of the range.
IWould have put entry rates in for the high and low. Limit would have been+100 for the buy -100 for the sale. sl would have been -100 for the buy,+100.

I know the rules calls for 50 sl. I am demoing to try 100sl since I can not monitor the trade when ever it hit. I know the original system says you have to put the losing sl back in. But I can not be a computer. After I figure out the trading platform for a EA, I will download it. I put my numbers in manually.

I use fxcm, but I am looking for another broker because of the trading station freezing up on my live account at any given time. Along with other reasons.

I will continue to demo with them untill i find another broker. So much for that.

Thats the reason I am trying 100 sl.

If I sound rude, I don't mean to be. No one has offended me. Some people are sensitive, I am not. Some people have bashed one another for whatever reason, but we all don't have to be that way.

What ever works for your trading style, thats what you need to do. Don't change anything unless it works for you. I have mixed up 4 strats that i am trying, they seem to be workking. Nothing is mixed up in this strat.

I like it. It works for me.

Thanks for everyones input to make it understandable.

#1,305
Dec 12, 2007 8:01am Dec 12, 2007 8:01am

HnP
| Joined Jul 2007 | Status: Trader | 164 Posts

Quoting yullah

Disliked

u guys are doing wonderfully well, i just read through the strategy and i find it intresting, but i have problem in getting the time (1800..). please i will appreciate it if anybody can help me out. am ussing northfinance platform and marketiva and am leaving in nigeria

Ignored

if i could stay up today, i ill try to post the start of the bar for high and low....

#1,306
Dec 12, 2007 8:06am Dec 12, 2007 8:06am

HnP
| Joined Jul 2007 | Status: Trader | 164 Posts

hi guys? how about today? hope most of u got the 100pips.... the gj is likely to go up to 230 area.

#1,307
Dec 12, 2007 8:07am Dec 12, 2007 8:07am

yullah
| Joined Aug 2007 | Status: Trader | 50 Posts

Quoting HnP

Disliked

if i could stay up today, i ill try to post the start of the bar for high and low....

Ignored

thanks so much, i will be appreciative of it if u can do so, thanks a lot. good trading to u. and can i get ur ym?

#1,308
Dec 12, 2007 8:30am Dec 12, 2007 8:30am

Pavatar
| Joined Oct 2007 | Status: Trader | 364 Posts

Quoting Colostarr

Disliked

Thanks anyway. But one page takes about 5 minutes load with my internet connection. I did the search for saaedb and there was 131 pages. I was just hoping someone can tell me HOW to make the changes. When i go to change something it does not take. When I go back to the EA it is reverted back to the number I changed it from. And does this particular EA place the trades for you?? How does that work?? If someone could just give me a link so I could go to the page instead of taking 3 hours to sort through 131 pages...anyone??

Ignored

The EA does place the 'buy stop' and 'sell stop' orders immediately after your 'Range End (GMT)' parameter is hit. saaedb may have to answer the questions about why your changes are not taking - I'm not having that problem. One possible idea: you have to make two required changes to 'allow live trading'? The first is in the Tools-Options box; make sure you have checked both the 'Enable Expert Advisor' and 'Allow Live Trading'. The second place to check is in the common tab of the EA - again make sure you have 'Allow Live Trading' checked.

Once I've attached the EA to a chart if I right click in the chart and go to 'Expert Advisor/Properties' I can then change the parameters and the changes hold for that particular chart - I use the save option in the EA to preserve the specific set of options for that particular setup. If you open another chart or remove the EA and then reattach it, the default settings will reappear, they have not been changed and you have to start over if you did not save your changes.

There isn't one post with all the info on the EA. As saaedb made changes, fixed bugs, etc so he explained each of the changes as he went along in different and widely scattered posts.

I had a few problems, like you, getting started several days ago. The problem was me! Once I worked with the EA for a while and saaedb was kind enough to put up with several questions I haven't had any more problems. It has worked wonderfully and I used it to make, for example, 90 pips yesterday and 140 pips today (trading GJ, GU and EJ).

I'll try to answer any specific parameter questions you have as I sure others will as well. Hope this has helped a little

Cheers - Pavatar

#1,309
Dec 12, 2007 8:38am Dec 12, 2007 8:38am

Pavatar
| Joined Oct 2007 | Status: Trader | 364 Posts

For today (12/12/2007):

GBPJPY +50 pips
EURJPY +50 pips
GBPUSD +40 pips

Grand total of 140 pips!!

I reduced the 'normal' TP for GJ and EJ from 100 to 50 based on the large range in the hi/lo. This was the advise in the thread early on from Nico - he also suggested small lots during days with larger ranges. Worked for me!

This was all traded with the EA by saaedb - his hard work and generosity has produced a great tool that reduces the stress level and allows us to get a little sleep! Thank you Nico and saaedb........

Pavatar

#1,310
Dec 12, 2007 8:50am Dec 12, 2007 8:50am

20pips
| Joined Dec 2007 | Status: Trader | 245 Posts

I'm also using Nicotina's strategy with the Almighty GBP/JPY. Finally, this pair could be tamed.

"People sometimes mistake luck with skill"

#1,311
Dec 12, 2007 8:51am Dec 12, 2007 8:51am

Porkpie
Joined Mar 2007 | Status: Trader | 1,066 Posts

Quoting Pavatar

Disliked

For GBPJPY:

High = 228.06 (1900 bar)
Low = 224.76 (2100 bar)

Given the large range for today, I reduced my TP to 50 pips (SL remains 50). I believe Nico supports this lower TP for days with large ranges.

billbss - is this correct?

Pavatar

Ignored

I thought the timings were as follows (in GMT):

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).

#1,312
Dec 12, 2007 8:53am Dec 12, 2007 8:53am

20pips
| Joined Dec 2007 | Status: Trader | 245 Posts

Time is 1800 - 0159 GMT
Place your stop orders at 0200 GMT

Quoting yullah

Disliked

u guys are doing wonderfully well, i just read through the strategy and i find it intresting, but i have problem in getting the time (1800..). please i will appreciate it if anybody can help me out. am ussing northfinance platform and marketiva and am leaving in nigeria

Ignored

"People sometimes mistake luck with skill"

#1,313
Dec 12, 2007 9:01am Dec 12, 2007 9:01am

20pips
| Joined Dec 2007 | Status: Trader | 245 Posts

This is amazing, all winners.

Quoting Pavatar

Disliked

For today (12/12/2007):

GBPJPY +50 pips
EURJPY +50 pips
GBPUSD +40 pips

Grand total of 140 pips!!

I reduced the 'normal' TP for GJ and EJ from 100 to 50 based on the large range in the hi/lo. This was the advise in the thread early on from Nico - he also suggested small lots during days with larger ranges. Worked for me!

This was all traded with the EA by saaedb - his hard work and generosity has produced a great tool that reduces the stress level and allows us to get a little sleep! Thank you Nico and saaedb........

Pavatar

Ignored

"People sometimes mistake luck with skill"

#1,314
Dec 12, 2007 9:07am Dec 12, 2007 9:07am

20pips
| Joined Dec 2007 | Status: Trader | 245 Posts

I also got +100pips although I was late in entering my trade (0830 EST, 1330 GMT) just before the corrective pullback.

HnP, you're quite prophetic, so far it not only broke thru 230, it even reached 230.31 so far.

Quoting HnP

Disliked

hi guys? how about today? hope most of u got the 100pips.... the gj is likely to go up to 230 area.

Ignored

"People sometimes mistake luck with skill"

#1,315
Dec 12, 2007 9:09am Dec 12, 2007 9:09am

Pavatar
| Joined Oct 2007 | Status: Trader | 364 Posts

Quoting Porkpie

Disliked

I thought the timings were as follows (in GMT):

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).

Ignored

Hi Porkpie -

20pips (post #1312 just above) is correct. That's the same time frame I use.

billbss has clarified the time issue many many times in this thread, it has been a confusing issue from the start - see his post #1264 for a very clear explanation and the specific bars to use in determining the hi/lo time frame.

Pavatar

#1,316
Dec 12, 2007 9:13am Dec 12, 2007 9:13am

20pips
| Joined Dec 2007 | Status: Trader | 245 Posts

Thanks,

Yeah, it's billbss who provided most of the info.

Quoting Pavatar

Disliked

Hi Porkpie -

20pips (post #1312 just above) is correct. That's the same time frame I use.

billbss has clarified the time issue many many times in this thread, it has been a confusing issue from the start - see his post #1264 for a very clear explanation and the specific bars to use in determining the hi/lo time frame.

Pavatar

Ignored

"People sometimes mistake luck with skill"

#1,317
Dec 12, 2007 9:21am Dec 12, 2007 9:21am

Porkpie
Joined Mar 2007 | Status: Trader | 1,066 Posts

Quoting Pavatar

Disliked

Hi Porkpie -

20pips (post #1312 just above) is correct. That's the same time frame I use.

billbss has clarified the time issue many many times in this thread, it has been a confusing issue from the start - see his post #1264 for a very clear explanation and the specific bars to use in determining the hi/lo time frame.

Pavatar

Ignored

ok sorted.

I am just going to sit back and let the EA do all the work, its going to fund my manual trading using other methods (which I'll use when the EA decides not to work one day ;-) )

#1,318
Dec 12, 2007 9:26am Dec 12, 2007 9:26am