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Daily95pips

  • #1,301
  • Dec 13, 2007 1:17pm Dec 13, 2007 1:17pm
EUR/USD +95 pips
EUR/JPY - nt
USD/JPY - nt

+60 pips for the day

Maybe there's light at the end of the tunnel! It would be nice if we have a good positive day tomorrow to finish up the week with consecutive winners (and a profitable week)!

Happy pipping!!
  • #1,302
  • Dec 13, 2007 1:21pm Dec 13, 2007 1:21pm
Quoting bjk2801
EUR/USD +95 pips
EUR/JPY - nt
USD/JPY - nt

+60 pips for the day

Maybe there's light at the end of the tunnel! It would be nice if we have a good positive day tomorrow to finish up the week with consecutive winners (and a profitable week)!

Happy pipping!!

I have one question.It may sound stupid but I read few pages of this thread and I am very new to forex and after reading this thread I am bit confuse of weather we have to look at high and low of 17hr or high and low of everything till 17hr.

I mean that do u open one hr chart and look at 17:00 and look at high and low for that hour or you look at high and low for that entire session?. Please let me know. Thanks a lot.
  • #1,303
  • Dec 13, 2007 1:26pm Dec 13, 2007 1:26pm
Quoting leo9
I have one question.It may sound stupid but I read few pages of this thread and I am very new to forex and after reading this thread I am bit confuse of weather we have to look at high and low of 17hr or high and low of everything till 17hr.

I mean that do u open one hr chart and look at 17:00 and look at high and low for that hour or you look at high and low for that entire session?. Please let me know. Thanks a lot.
You are looking back to see the high and low of the previous 17 hours. If you use the EA (expert advisor), it is automatically done for you. Good luck!
  • #1,304
  • Dec 13, 2007 3:32pm Dec 13, 2007 3:32pm
maybe a stupid question. The EA (ibfx fall version) need to be running 5pm or if i open 6pm it will try to open orders?

because yesterday it did not open any trades. i think it is because had any disconection or something like that.

and i would like to know if if anyone know another EA for this kind of strategie. I have Dayli Scalper EA too, but id like to test with another settings. For example changing the minimum pips after the breakout to open the orders.

thanks in advance.
  • #1,305
  • Dec 13, 2007 4:10pm Dec 13, 2007 4:10pm
Quoting giraia_br
maybe a stupid question. The EA (ibfx fall version) need to be running 5pm or if i open 6pm it will try to open orders?

because yesterday it did not open any trades. i think it is because had any disconection or something like that.

and i would like to know if if anyone know another EA for this kind of strategie. I have Dayli Scalper EA too, but id like to test with another settings. For example changing the minimum pips after the breakout to open the orders.

thanks in advance.
It needs to be running at 5pm
  • #1,306
  • Dec 13, 2007 8:44pm Dec 13, 2007 8:44pm
Quoting mtaboneweb
Here is my setup with the fall EA for IBFX and NF...


08-17 (London open)

IBFX demo, 18 pairs, start hour set to 8 (Column B)


NF demo, 18 pairs, start hour set to 10 (8 GMT Column D)


13-17 (New York open)

IBFX demo, 18 pairs, start hour set to 13 (Column F)


NF demo, 18 pairs, start hour set to 15 (13 GMT Column H)


22-17 (Original strategy)

IBFX demo, 18 pairs, start hour set to 22 (Column J)


NF demo, 18 pairs, start hour set to 0 (22 GMT Column L)

The NF time is 2 hours greater than IBFX which is GMT time. That's why the NF demos get set 2 hours greater.

Six demos testing 3 different start hours to compare which pair does good under which start time and then which broker did better than the other.

My results so far have been mixed showing certain pairs performing better with certain brokers. Notice how the AUD/JPY produced 330 pips (9 days with an average of 37 pips) on the IBFX demo. This pair did better than the North Finance demo under the same settings. This could be due to lag, data stream, etc.

I have highlighted a few areas to point out some major differences that caught my eye. Se the magenta highlighted area? IBFX had 7 days it was triggered where the NF only triggered on 4 days. This was due to the NF demo being too close to even set the pending orders so they were never made. It show some differences between brokers because the IBFX demo had less problems setting the pending orders and then triggering them.

I use these results to pick out settings for certain pairs and possibly even certain brokers.

Are these results a benefit to anyone or should I keep it to myself? I don't seem to get a lot of feedback from anyone looking at them except with questions about what they show. I don't want to waste anyones time or create excessive posts when no one may be interested.
LOOKS TO ME LIKE THE RESULTS OF THE SYSTEM ARE TERRIBLE? Am I mising something?
  • #1,307
  • Dec 13, 2007 8:58pm Dec 13, 2007 8:58pm
If I am in the US central time zone what is the 08 GMT start time ?
Also, do I put my time zone time in the ea or the GMT time zone.
  • #1,308
  • Dec 13, 2007 11:14pm Dec 13, 2007 11:14pm
I expected the results to be terrible for the most part. That's the point of the testing. If you look closely you will see there are some pairs that do well under certain start times. Also, this is the reasoning for creating EAs that do the reverse to see how those results are. This week in particular the 8 GMT just happens to be doing fantastic on a large number of the pairs. The overall account balance and pips are positive which should raise the numbers. You have to remember that the testing I'm showing is only since 11/25 and it will take a while for the true winners to start showing their colors. I will post new results at the end of the week that show this weeks totals and the overall results. You need to look for the greenest areas of the grid and pick you pairs and start times based on that.

Quoting dagoods
LOOKS TO ME LIKE THE RESULTS OF THE SYSTEM ARE TERRIBLE? Am I mising something?
  • #1,309
  • Dec 13, 2007 11:20pm Dec 13, 2007 11:20pm
If you are running an IBFX demo or real account then the time in the software is GMT time in which case you would set start time to 8 if you wanted 8 GMT. Your own time zone should not affect the time shown in the MetaTrader software. If you are going manual then you'll have to do some work to figure the difference between your time and GMT. Since I run IBFX and North Finance demos they are different. IBFX is GMT so I would set it at 8 in the EA settings. NF is 2 hours ahead so I set that for 10 in the EA settings. The point is you want it to be based on GMT 0 not + or - anything.

Quoting lsterling
If I am in the US central time zone what is the 08 GMT start time ?
Also, do I put my time zone time in the ea or the GMT time zone.
  • #1,310
  • Dec 13, 2007 11:24pm Dec 13, 2007 11:24pm
It needs to be running period. It wont place pending orders or do maintenance to existing orders if it's not running with the EA attached to the chart and the EA enabled. An EA cannot work unless the software is running. I'm only stressing this because people seem to ask this question a lot. Each time the chart is updated (tick) it fires the EA which applies the logic within itself and does any needed actions. If it's not running then it can't do anything and you most certainly don't want to turn off the software after pending orders are placed. The orders will become active when the price is reached but without the EA running it wont cancel the opposite orders, adjust stop losses once pips is hit on the first order, trail stops if selected, etc.

Quoting bjk2801
It needs to be running at 5pm
  • #1,311
  • Dec 14, 2007 6:40am Dec 14, 2007 6:40am
Quoting mtaboneweb
It needs to be running period. It wont place pending orders or do maintenance to existing orders if it's not running with the EA attached to the chart and the EA enabled. An EA cannot work unless the software is running. I'm only stressing this because people seem to ask this question a lot. Each time the chart is updated (tick) it fires the EA which applies the logic within itself and does any needed actions. If it's not running then it can't do anything and you most certainly don't want to turn off the software after pending orders are placed. The orders will become active when the price is reached but without the EA running it wont cancel the opposite orders, adjust stop losses once pips is hit on the first order, trail stops if selected, etc.
Correct..I should have clarified. Thanks mtaboneweb!
  • #1,312
  • Dec 14, 2007 7:44am Dec 14, 2007 7:44am
No problem, we're all working together here and that's a good thing.

Quoting bjk2801
Correct..I should have clarified. Thanks mtaboneweb!
  • #1,313
  • Edited 7:58am Dec 14, 2007 7:47am | Edited 7:58am
Daily95pips:

Date: Monday 10 December 2007
EURJPY +95
USDJPY -90
EURUSD +95

Total: +100pips

Comment: An encouraging start to the week.

Date: Tuesday 11 December 2007
EURJPY +15
USDJPY +15
EURUSD -90

Total: -60pips

Comment: Noteworthy is that the yen cross pairs have experienced a massive correction. EJ for example, has dropped about 200pips in 1 hour. Unfortunately this happened after the D95P session.

Date: Wednesday 12 December 2007
EURJPY -90
USDJPY +15
EURUSD nt

Total: -75pips

Comment: It's been a very choppy week so far.

Date: Thursday 13 December 2007
EURJPY nt
USDJPY nt
EURUSD +95

Total: +95pips

Comment: There was little movement during most of this session until EU decided to plummet.

Date: Friday 14 December 2007
EURJPY +15
USDJPY +95
EURUSD +95

Total: +205pips

Comment: Today's result may serve to remind us to stick with it.

Total for week ending Friday 14 December 2007: +265pips


Weekly Results:

Total for week ending Friday 14 December 2007: +265pips
Total for week ending Friday 7 December 2007: -90pips
Total for week ending Friday 30 November 2007: -225pips
Total for week ending Friday 23 November 2007: +305pips
Total for week ending Friday 16 November 2007: -32pips
Total for week ending Friday 9 November 2007: +407pips
Total for week ending Friday 2 November 2007: -101pips
Total for week ending Friday 26 October 2007: +415pips
Total for week ending Friday 19 October 2007: +110pips
Total for week ending Friday 12 October 2007: +130pips
Total for week ending Friday 5 October 2007: +288pips
Total for week ending Friday 28 September 2007: +280pips
Total for week ending Friday 21 September 2007: +1050pips
Total for week ending Friday 14 September 2007: -651pips
Total for week ending Friday 7 September 2007: +164pips
Total for week ending Friday 31 August 2007: +585pips

Grand Total: +2885pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 14 December 2007:

EURJPY +35
USDJPY +35
EURUSD +195

Total: +265pips

For the past 16 weeks:

EURJPY +1798
USDJPY +243
EURUSD +839

Total: +2880pips

Comment: UJ is only just staying in the game while EJ and EU continue to do well. The average for all 3 pairs is now +180pips per week.
  • #1,314
  • Dec 14, 2007 8:08am Dec 14, 2007 8:08am
Based on further evaluation the following are the monthly totals so far:

December 2007: +175pips
November 2007: +354pips
October 2007: +943pips
September 2007: +843pips
August 2007: +585pips

Comment: Despite some negative weeks, when looked at from this perspective the results aren't too shabby at all.
  • #1,315
  • Dec 14, 2007 9:20am Dec 14, 2007 9:20am
I think it's great. Thanks for starting this thread. It has been most helpful and positive.

Quoting mikelath
Based on further evaluation the following are the monthly totals so far:

December 2007: +175pips
November 2007: +354pips
October 2007: +943pips
September 2007: +843pips
August 2007: +585pips

Comment: Despite some negative weeks, when looked at from this perspective the results aren't too shabby at all.
  • #1,316
  • Dec 14, 2007 10:31am Dec 14, 2007 10:31am
Quoting mtaboneweb
I think it's great. Thanks for starting this thread. It has been most helpful and positive.
Shabby results? I do NOT think so! Thanks Mikelath for starting this great thread. I absolutely love this system. It is especially great for "setting it and forgetting it." Takes the emotional/psychological side out of the equation...for the most part. Let's keep plowing forward and making $$$$$$$$$!!!!
  • #1,317
  • Edited 5:03pm Dec 14, 2007 4:53pm | Edited 5:03pm
Please note that the 22-17 time frame only ran on Tuesday, Wednesday and Thursday afternoons. I had complications on Sunday's open and then forgot to enable Experts on Monday. Also, on the 13th I had a computer reboot for no apparent reason and found it later waiting for me to log in. I'm not sure how long it was down but the trades were very light that day.

Almost all 3 IBFX accounts ended up with + pips this week which I think is amazing. That means some big wins although I feel it's not going to be typical.

This weeks reverse results are not available at this time. I will have to check with Vensik to see how we turned out.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily 95 (Week ending 2007-12-14).jpg Size: 452 KB
  • #1,318
  • Dec 14, 2007 5:00pm Dec 14, 2007 5:00pm
My top choices are determined by high amount of days traded and high averages (20+). I feel a 20+ average is respectable although anything higher gets better.

IBFX top choices are in green.
NF top choices are in cyan.

Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: Daily 95 (2007-11-25 and beyond) Marked.JPG Size: 176 KB
  • #1,319
  • Dec 14, 2007 6:52pm Dec 14, 2007 6:52pm
Quoting mikelath
Based on further evaluation the following are the monthly totals so far:

December 2007: +175pips
November 2007: +354pips
October 2007: +943pips
September 2007: +843pips
August 2007: +585pips

Comment: Despite some negative weeks, when looked at from this perspective the results aren't too shabby at all.
Mike, do you still running a IBFX version?

i got only bad results running it. I hope someone fix the problems with it to works exataly like your method.
  • #1,320
  • Dec 15, 2007 3:09am Dec 15, 2007 3:09am
Quoting mtaboneweb
My top choices are determined by high amount of days traded and high averages (20+). I feel a 20+ average is respectable although anything higher gets better.

IBFX top choices are in green.
NF top choices are in cyan.

Thoughts?
Very interesting mtaboneweb.

There may be more pairs other than the 6 I initially tested to add to the list.

mike
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