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High & Low 8 Hours (GBP/JPY)

  • #1,361
  • Dec 12, 2007 6:53pm Dec 12, 2007 6:53pm
Why the different timing?

Quoting Pavatar
High 230.03 (1900 GMT candle)
Low 228.58 (0000 GMT candle)

Pavatar
"People sometimes mistake luck with skill"
  • #1,362
  • Dec 12, 2007 6:59pm Dec 12, 2007 6:59pm
I use Intellichart/MB Trading. Almost the same.

230.33
228.60

Quoting henyloc
I got

H- 230.35
L- 228.61

Using Oanda
"People sometimes mistake luck with skill"
  • #1,363
  • Dec 12, 2007 7:18pm Dec 12, 2007 7:18pm
Quoting tdion

EDIT) My hat is off to Nicotina for coming up with this strategy. I don't want to make it sound like the system will fail. It could go on for quite some time. But then again, it could go sour any day. All I am saying is, I don't see a logical reason for it to continue working.

I would like to see your backtest from 2001 to 2006.

There is a logical reason for it to continue to work. The first hour after opening in Tokyo, London and NY tend to provide the best liquidity of the day and that is when most heavyweight players try to position their way without having much difficulty for the day. One rule of thumb is when Yen jumps at Tokyo open the chances are it will continue throughout the day and a few more days.

One hour from the Tokyo open, are the times where most liquidity of the market exist. And that is where market makers are busy setting the trend for the session or even the day. Most of the session or daily moves are started either in London open or Tokyo open or NY open. Especially London Open. Other markets are too thin for any good sized traders to make their market views felt.
  • #1,364
  • Dec 12, 2007 7:19pm Dec 12, 2007 7:19pm
Quoting Pavatar
High 230.03 (1900 GMT candle)
Low 228.58 (0000 GMT candle)

Pavatar
Mine are low 228.54 and High is 230.02. I think others are wrong on their timing. Mine are between 1pm to 9pm New York Time
  • #1,365
  • Dec 12, 2007 7:41pm Dec 12, 2007 7:41pm
Hello Again:

Just a quick question regarding the "Set and Forget" function in your EA. What is the purpose of this function.

Thanks in advance.
  • #1,366
  • Dec 12, 2007 7:41pm Dec 12, 2007 7:41pm
I used 1800 GMT candle for high
  • #1,367
  • Dec 12, 2007 7:42pm Dec 12, 2007 7:42pm
Quoting Sir Larry
Mine are low 228.54 and High is 230.02. I think others are wrong on their timing. Mine are between 1pm to 9pm New York Time
I have IBFX and i get
229.97
228.58

These will be different for each trader as it is broker and server dependent.

Not the same as the stock market.
  • #1,368
  • Edited 7:51pm Dec 12, 2007 7:44pm | Edited 7:51pm
Which post explains using the 1900 GMT candle?

Quote:
Originally Posted by Pavatar http://www.forexfactory.com/images/buttons/viewpost.gif
High 230.03 (1900 GMT candle)
Low 228.58 (0000 GMT candle)

Pavatar

Mine are low 228.54 and High is 230.02. I think others are wrong on their timing. Mine are between 1pm to 9pm New York Time
  • #1,369
  • Dec 12, 2007 7:53pm Dec 12, 2007 7:53pm
The high price @ 1800 GMT looks like a better breakout area also.
  • #1,370
  • Dec 12, 2007 7:58pm Dec 12, 2007 7:58pm
No post says use the 1900 candle but that is the candle where the high for the 8 hours was made for today. The low was made during the 0000 candle.

Quoting henyloc
Which post explains using the 1900 GMT candle?

Quote:
Originally Posted by Pavatar http://www.forexfactory.com/images/buttons/viewpost.gif
High 230.03 (1900 GMT candle)
Low 228.58 (0000 GMT candle)

Pavatar

Mine are low 228.54 and High is 230.02. I think others are wrong on their timing. Mine are between 1pm to 9pm New York Time
  • #1,371
  • Dec 12, 2007 8:17pm Dec 12, 2007 8:17pm
My mistake Sir Larry, I seem to be having the hardest time dealing with this time conversion. I hope I didnt confuse anyone but myself. I think I finally got it squared away.

Heny
  • #1,372
  • Dec 12, 2007 8:21pm Dec 12, 2007 8:21pm
Quoting henyloc
My mistake Sir Larry, I seem to be having the hardest time dealing with this time conversion. I hope I didnt confuse anyone but myself. I think I finally got it squared away.

Heny
Just wanted to make sure myself... I hear you re time conversions..

Cheers.
  • #1,373
  • Dec 12, 2007 8:24pm Dec 12, 2007 8:24pm
The backtest is on this thread. Look through it and you will see several backtests done. Backtest trades nearly match forward tests 100%. Broker price feeds won't always match, but it is clear that the system was not always a winner.

Let's not forget spread either.

Quoting Sir Larry
I would like to see your backtest from 2001 to 2006.

There is a logical reason for it to continue to work. The first hour after opening in Tokyo, London and NY tend to provide the best liquidity of the day and that is when most heavyweight players try to position their way without having much difficulty for the day. One rule of thumb is when Yen jumps at Tokyo open the chances are it will continue throughout the day and a few more days.

One hour from the Tokyo open, are the times where most liquidity of the market exist. And that is where market makers are busy setting the trend for the session or even the day. Most of the session or daily moves are started either in London open or Tokyo open or NY open. Especially London Open. Other markets are too thin for any good sized traders to make their market views felt.
  • #1,374
  • Dec 12, 2007 8:46pm Dec 12, 2007 8:46pm
2005 and 2006 were backtested but I believe they were visual only, not automated backtests. 2001, 2002, 2003, 2004 were not tested in any capacity.

Quoting tdion
The backtest is on this thread. Look through it and you will see several backtests done. Backtest trades nearly match forward tests 100%. Broker price feeds won't always match, but it is clear that the system was not always a winner.

Let's not forget spread either.
  • #1,375
  • Edited 9:15pm Dec 12, 2007 9:03pm | Edited 9:15pm
Sigh. This should get you started:

http://www.forexfactory.com/showthre...=51365&page=52

There are plenty of others too if you just take the time to read the whole thread. Funny how I'm stuck doing the work.

EDIT) Don't just read the top post..... scroll down that page for plenty more.
  • #1,376
  • Dec 12, 2007 9:07pm Dec 12, 2007 9:07pm
Hi,

I got a msg from someone and he wants me to add these filters/indicators to the EA. Could someone please do some back testing of his system and give some statistics on the system. If its profitable. I'll add these filters to the EA.

http://www.daily-pips.blogspot.com/

Thanks
Saaedb
  • #1,377
  • Dec 12, 2007 9:15pm Dec 12, 2007 9:15pm
Hello billbss,

I can see u re currently viewing the thread. What is your high and low 4 2day plz.

The EA gave me 230.49 and 228.50. Is that correct? I use northfinance.

Take care.
  • #1,378
  • Dec 12, 2007 9:19pm Dec 12, 2007 9:19pm
Quoting tdion
Sigh. This should get you started:

http://www.forexfactory.com/showthre...=51365&page=52

There are plenty of others too if you just take the time to read the whole thread. Funny how I'm stuck doing the work.

EDIT) Don't just read the top post..... scroll down that page for plenty more.

have u run the back test with my martingale hedge idea? could work... have u run back test with a 12 pip sl and a 24 pip tp? would work better maybe
  • #1,379
  • Dec 12, 2007 9:20pm Dec 12, 2007 9:20pm
12 pip SL on GBPJPY? LOL

(Plus you really meant -17 SL and 19 TP, right? spread...)
  • #1,380
  • Dec 12, 2007 9:22pm Dec 12, 2007 9:22pm
Quoting tdion
Sigh. This should get you started:

http://www.forexfactory.com/showthre...=51365&page=52

There are plenty of others too if you just take the time to read the whole thread. Funny how I'm stuck doing the work.

EDIT) Don't just read the top post..... scroll down that page for plenty more.
what is the difference betwwen optimized nicotina and not optimized? and is optimised perform better in 2006 2005 in back test or only in 2007? i drank the kool aid lol
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