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Daily95pips

  • #1,341
  • Edited Dec 20, 2007 3:48pm Dec 19, 2007 3:59pm | Edited Dec 20, 2007 3:48pm
Daily95pips:

Date: Monday 17 December 2007
EURJPY -90
USDJPY nt
EURUSD +45

Total: -45pips

Comment: Utsahan nishchaya dhairyat....sanskrit for enthusiasm, perseverence and patience.

Date: Tuesday 18 December 2007
EURJPY +15
USDJPY -90
EURUSD nt

Total: -75pips

Comment: Historically, minor drawdowns like the above have proven insignificant as the strategy has continued to remain in profit over a longer timeframe.

Date: Wednesday 19 December 2007
EURJPY +45
USDJPY +15
EURUSD nt

Total: +60pips

Comment: The above 3 pairs seem to be undergoing significant consolidation, especially EURUSD.

Date: Thursday 20 December 2007
EURJPY +15
USDJPY nt
EURUSD -90

Total: -75pips

Comment: Not such a good week...not too bad also.
  • #1,342
  • Dec 19, 2007 4:51pm Dec 19, 2007 4:51pm
Quoting mikelath
Daily95pips:

Date: Monday 17 December 2007
EURJPY -90
USDJPY nt
EURUSD +45

Total: -45pips

Comment: Utsahan nishchaya dhairyat....sanskrit for enthusiasm, perseverence and patience.

Date: Tuesday 18 December 2007
EURJPY +15
USDJPY -90
EURUSD nt

Total: -75pips

Comment: Historically, minor drawdowns like the above have proven insignificant as the strategy has continued to remain in profit over a longer timeframe.

Date: Wednesday 19 December 2007
EURJPY +45
USDJPY +15
EURUSD nt

Total: +60pips

Comment: The above 3 pairs seem to be undergoing significant consolidation, especially EURUSD.
Mikelath,

Which EA are you running? I am running the Fall IBFX EA. Results, for today were:

EUR/USD - nt
EUR/JPY =15, -30, -30 (EA did not put orders 2& 3 to BE)
USD/JPY -90

Are you using a different timeframe? Also, why do you use NF? I am weary about opening an account to trade live offshore. Advise? Thanks.
  • #1,343
  • Dec 20, 2007 5:00am Dec 20, 2007 5:00am
Mike.
In your first post you wrote:
"There can be 4 possible outcomes after either the long or short trades are triggered:
....
3.) The first profit target is reached (+15pips) and the two remaining lots are stopped out for a total of -45pips."

But if you change your SL to BE when you reach your first order to 15 TP, how come you lose your other 2 orders?
  • #1,344
  • Dec 20, 2007 5:37am Dec 20, 2007 5:37am
Quoting bjk2801
Mikelath,

Which EA are you running? I am running the Fall IBFX EA. Results, for today were:

EUR/USD - nt
EUR/JPY =15, -30, -30 (EA did not put orders 2& 3 to BE)
USD/JPY -90

Are you using a different timeframe? Also, why do you use NF? I am weary about opening an account to trade live offshore. Advise? Thanks.

I'm running the Fall NF EA in a NF demo account with all the 'standard' settings as per post #1.
I don't yet have a live account with NF so cannot comment. However, from what I hear from NFA reports on all the dodgy brokers out there it's hard to conclude who's going to be reliable and who's not. Only recently FXLQ who up until a certain point had an impeccable reputation were found to be engaged in malpractise. It's a tough call when any one of them could turn around and rip us off at any moment. Truth be told, the only broker I have any faith in is Dukascopy, and again that's only based on their reputation.

mike
  • #1,345
  • Dec 20, 2007 5:41am Dec 20, 2007 5:41am
Quoting smilee89
Mike.
In your first post you wrote:
"There can be 4 possible outcomes after either the long or short trades are triggered:
....
3.) The first profit target is reached (+15pips) and the two remaining lots are stopped out for a total of -45pips."

But if you change your SL to BE when you reach your first order to 15 TP, how come you lose your other 2 orders?
You are quoting a section describing the manual trading of this system without any further adjustment. Read on and you'll discover additional outcomes.

mike
  • #1,346
  • Dec 20, 2007 8:52am Dec 20, 2007 8:52am
I see.
I thought you update this message from time to time, and regard the EA as the original system. Maybe, you need to explain this somehow, so other members may not misunderstand it as I did.
  • #1,347
  • Dec 20, 2007 3:52pm Dec 20, 2007 3:52pm
Quoting smilee89
I see.
I thought you update this message from time to time, and regard the EA as the original system. Maybe, you need to explain this somehow, so other members may not misunderstand it as I did.
Murphy's Law: "Even clear English can be misunderstood".
  • #1,348
  • Edited 4:00pm Dec 21, 2007 3:45pm | Edited 4:00pm
Daily95pips:

Date: Monday 17 December 2007
EURJPY -90
USDJPY nt
EURUSD +45

Total: -45pips

Comment: Utsahan nishchaya dhairyat....sanskrit for enthusiasm, perseverence and patience.

Date: Tuesday 18 December 2007
EURJPY +15
USDJPY -90
EURUSD nt

Total: -75pips

Comment: Historically, minor drawdowns like the above have proven insignificant as the strategy has continued to remain in profit over a longer timeframe.

Date: Wednesday 19 December 2007
EURJPY +45
USDJPY +15
EURUSD nt

Total: +60pips

Comment: The above 3 pairs seem to be undergoing significant consolidation, especially EURUSD.

Date: Thursday 20 December 2007
EURJPY +15
USDJPY nt
EURUSD -90

Total: -75pips

Comment: Not such a good week...not too bad also.

Date: Friday 21 December 2007
EURJPY +80
USDJPY +95
EURUSD +15

Total: +190pips

Comment: For some reason unbeknown to myself only the 2nd and 3rd long orders were placed by the EA in NF, thus the result of +80pips.

Total for week ending Friday 21 December 2007: +55pips

Weekly Results:

Total for week ending Friday 21 December 2007: +55pips
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: +2940pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 21 December 2007:

EURJPY +65
USDJPY +20
EURUSD -30

Total: +55pips

For the past 17 weeks:

EURJPY +1863
USDJPY +263
EURUSD +809

Total: +2935pips

Comment: Though it was a week characterised by much consolidation, EURJPY continued to uphold it's status as the better performer of the 3 pairs.
  • #1,349
  • Dec 21, 2007 5:42pm Dec 21, 2007 5:42pm
This weeks results were not so great.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily 95 (Week ending 2007-12-21).jpg Size: 169 KB
  • #1,350
  • Dec 21, 2007 5:44pm Dec 21, 2007 5:44pm
Here are the on-going totals.

The profitable pairs we've seen over the past few weeks are starting to dim. I'm not ready to count anything out yet because over time some may brighten back up.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily 95 (2007-11-25 and beyond).jpg Size: 178 KB
  • #1,351
  • Dec 21, 2007 5:51pm Dec 21, 2007 5:51pm
I'm considering at this moment to give my computer a break and skip the next couple of weeks of trading. Trading hours for the holidays are going to make it difficult to get a good test anyways. I will resume testing on 1/6/2008 unless anyone thinks it's worth running over the holiday season.
Attached Image
  • #1,352
  • Dec 21, 2007 5:56pm Dec 21, 2007 5:56pm
Quoting mikelath
For the past 17 weeks:

EURJPY +1863
USDJPY +263
EURUSD +809

Total: +2935pips

Comment: Though it was a week characterised by much consolidation, EURJPY continued to uphold it's status as the better performer of the 3 pairs.
This is encouraging and the reason why I will continue to forward test the demos. If we all look back at the history here you will see it's not always pretty but how it looks over the long run is nice.

Happy holidays
  • #1,353
  • Dec 21, 2007 6:56pm Dec 21, 2007 6:56pm
Mtaboneweb

I, too am shutting down my tests to over the next two weeks as I do not want any of the data from these non typical weeks in my sample. Now if I can just gain some additional insight by making heads or tails out of what I have....

Merry Christmas to all...
  • #1,354
  • Dec 23, 2007 5:17am Dec 23, 2007 5:17am
Hi All
For those interested here are my results to date with the following params:-
trade time = 8am gmt
look back = 24hrs
sl = move 3rd order to b/e when tp2 hit

I didnt trade monday
Attached Image
  • #1,355
  • Dec 23, 2007 10:07am Dec 23, 2007 10:07am
Quoting PipNick
Hi All
For those interested here are my results to date with the following params:-
trade time = 8am gmt
look back = 24hrs
sl = move 3rd order to b/e when tp2 hit

I didnt trade monday
Good results. Why did you eliminate EUR/USD? Also, how do you make the changes to the settings you made? Thanks.
  • #1,356
  • Dec 23, 2007 3:23pm Dec 23, 2007 3:23pm
Quoting PipNick
Hi All
For those interested here are my results to date with the following params:-
trade time = 8am gmt
look back = 24hrs
sl = move 3rd order to b/e when tp2 hit

I didnt trade monday
Excellent.

I'm again inspired to try different settings like the above.

In keeping with the Xmas spirit I'd like to wish everyone a Merry Xmas and prosperous New Year.

mike
  • #1,357
  • Dec 23, 2007 3:28pm Dec 23, 2007 3:28pm
Quoting mikelath
Excellent.

I'm again inspired to try different settings like the above.

In keeping with the Xmas spirit I'd like to wish everyone a Merry Xmas and prosperous New Year.

mike
BAH! HUMBUG!

Merry Christmas to you, Mike.
  • #1,358
  • Dec 23, 2007 5:45pm Dec 23, 2007 5:45pm
Merry Christmas, Seasons Greetings and Happy Holidays to one and all!


Quoting mikelath
Excellent.

I'm again inspired to try different settings like the above.

In keeping with the Xmas spirit I'd like to wish everyone a Merry Xmas and prosperous New Year.

mike
  • #1,359
  • Dec 24, 2007 2:56am Dec 24, 2007 2:56am
Quoting bjk2801
Good results. Why did you eliminate EUR/USD? Also, how do you make the changes to the settings you made? Thanks.
Hi bjk2801

I didnt eliminate the eur/usd, I just picked 2 pairs.
eur/jpy - because results were good from Mike's initial testing.
gbp/usd - despite bad results for Mikelath I felt the results for this pair could improve with different parameters. I still believe this system can be fine tuned for different pairs based on timing.

I'm trading manually so 2 pairs is easy to handle. I'm not sure how you would change the ea settings for these parameters.

Happy xmas to all, looking forward to a prosperous new year.
  • #1,360
  • Dec 24, 2007 3:54pm Dec 24, 2007 3:54pm
Daily95pips:

Date: Monday 24 December 2007
EURJPY nt
USDJPY +23
EURUSD nt

Total: +23pips

Comment: Though it's a rarity, I've manually closed out the 2 remaining orders for USDJPY in order to get on with Xmas. Price was too close for the EA to place long orders for EURJPY which would have been profitable. I'm happy with +23pips for the day.
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