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High & Low 8 Hours (GBP/JPY)

  • #1,681
  • Dec 21, 2007 2:20pm Dec 21, 2007 2:20pm
I second that.

Quoting saaedb
But, if you ever do find the Holy Grail or something that is almost a Holy Grail. Please do share it with the forumn.

Saaedb
"People sometimes mistake luck with skill"
  • #1,682
  • Dec 21, 2007 2:23pm Dec 21, 2007 2:23pm
Quoting saaedb
Could all of you please answer these questions.

1) What are you objectives from trading?
2) What is your goal? Minimum Monthly return or Minimum Yearly return?
3) Do you plan on sleeping tonight and waking up a millionaire tomorrow or do you want to get to the riches in due time?
3a) If in due time, how much time, a year, two years... 10 years?

I'm just curious to see what is peoples take on these questions.

thanks
Saaedb
1) Secondary income
2) Goal: learn everyday
3) No for the first, yes for the second
4) 5 years
"People sometimes mistake luck with skill"
  • #1,683
  • Dec 21, 2007 2:26pm Dec 21, 2007 2:26pm
My goal is to hit an average annual 25%
  • #1,684
  • Dec 21, 2007 2:39pm Dec 21, 2007 2:39pm
25% seems to be a very realistic goal based on previous performance. I also contribute 2% of my monthly income to my trading account each month and adjust trade size accordingly risking 2% - 10% per trade based on the risk factor of each trade.
  • #1,685
  • Dec 21, 2007 2:53pm Dec 21, 2007 2:53pm
Quoting henyloc
25% seems to be a very realistic goal based on previous performance. I also contribute 2% of my monthly income to my trading account each month and adjust trade size accordingly risking 2% - 10% per trade based on the risk factor of each trade.

yes, 25% is very realistic. there will be poeple who will call this unrealistic but i very very strongly disagree with them.

My concern, if you want a return of 25+% per year, why would you ever want to risk above 1% of any given trade? risking 10% on any trade is just insane. Even if someone told me that the market is going to jump 100 pips from a certain level with a 100% gaurantee. The max I'd risk would be 5% on that trade.

Any ways.. thanks for your answer and I'll get back to you and others when enough people have answered
  • #1,686
  • Dec 21, 2007 3:26pm Dec 21, 2007 3:26pm
Quoting 20pips
1) Secondary income
2) Goal: learn everyday
3) No for the first, yes for the second
4) 5 years
thanks for the response. What return do you expect?

Saaedb
  • #1,687
  • Dec 21, 2007 6:04pm Dec 21, 2007 6:04pm
Quoting bassmouth
Please do me a favor: you posted a number of different runs based on this strategy a couple of weeks ago.

The most interesting comparison for me was between the original strategy posted by Nico and your run number 10. It looks like the only difference is that on run number 10, if you got stopped out of the first trade, you quit for the night. This strategy looks like it would have made a little more money over the last 12 months than Nico's original.

Am i right that that was the only difference? If so, run 10's parameters could actually double your profits, since the total risk each night is half of what Nico's strategy risked, e.g. 50 pips vs. 100 pips total risk. But run 10 has at least as much profit, using the same number of lots as Nico's strategy.

Since run 10 has half the risk, you should be able to double your lot size over Nico's strategy, without increasing the risk. Therefore, you should be able to use the run 10 stategy with double the lots, therefore doubling the profits of Nico's original system.

Can you verify this and run the test? I can only do it manually from here but it could be a significant breakthrough for this already great strategy.

Peace, Greg
Bassmouth,
You are right about Run10. Here are the some additional runs. Again, keep in mind that you are loosing your initial amount, 10K with any of this runs in 2006. I also find that 90/ 55 system works out pretty nice (run20)...
Attached Image
  • #1,688
  • Dec 21, 2007 9:48pm Dec 21, 2007 9:48pm
Hi all

could anyone show me the last update of this strategy
is this system is good ?
what is run 10 , run 11?!!!

Best Regards
  • #1,689
  • Dec 21, 2007 10:09pm Dec 21, 2007 10:09pm
Quoting hany mohssen
Hi all

could anyone show me the last update of this strategy
is this system is good ?
what is run 10 , run 11?!!!

Best Regards
  • #1,690
  • Dec 21, 2007 11:34pm Dec 21, 2007 11:34pm
Thanks for doing the extra work for us, fx 97! Your efforts have become quite valuable to anyone who is paying attention.

When setting your 55 stop and 90 limit with 0 buffer, were the stop and limit set from the actual entry point of the trade, or from price on the chart?

In other words, if you got a buy signal, did you set your stop and limit from the price you paid (which would have included the spread at the time of purchase), or just from the price on the chart?

I hope I am being clear - I know what I mean but I am not sure if I am conveying my question clearly.

Also, did you see any runs that were profitable for 2006, based on any parameters? If not, can you give us an idea of what was happening on a typical day that year? If I remember 2006 was more of a steady climb and 2007 was a roller coaster. If this is true, perhaps this system could be improved on a discretionary level by backing off in strongly unidirectional trending periods.

Again, thanks for your great contributions to this thread.

Peace, Greg
  • #1,691
  • Dec 22, 2007 7:06am Dec 22, 2007 7:06am
Quoting tdion

Instead of laugh you could say something good or SHUT UP LOSSER

  • #1,692
  • Dec 22, 2007 8:02am Dec 22, 2007 8:02am
Quoting Fx97
Bassmouth,
You are right about Run10. Here are the some additional runs. Again, keep in mind that you are loosing your initial amount, 10K with any of this runs in 2006. I also find that 90/ 55 system works out pretty nice (run20)...
Remember that by doubling up your lots you expose yourself to double the total loss of 6+ consecutive stop outs or 600 total pips vs 300 trading one lot. So the max. number of losses stay the same but not the total loss.
  • #1,693
  • Dec 22, 2007 8:05am Dec 22, 2007 8:05am
Quoting hany mohssen
Hi all

could anyone show me the last update of this strategy
is this system is good ?
what is run 10 , run 11?!!!

Best Regards
Posts 1200 and 1687 should be able to help...each run reflects a different set of parameters being tested.
  • #1,694
  • Dec 22, 2007 8:12am Dec 22, 2007 8:12am
Quoting petersurrey
Posts 1200 and 1687 should be able to help...each run reflects a different set of parameters being tested.

Hi petersurrey

Thx

I appreciate your help so much

Merry Christmas
  • #1,695
  • Dec 22, 2007 8:31am Dec 22, 2007 8:31am
Which is the best setup for GBPJPY?
TP=100, SL=50
TP=100, SL=50 and re-enter when SL is reached
TP=100, SL=75
TP=100, SL=100
  • #1,696
  • Dec 22, 2007 10:25am Dec 22, 2007 10:25am
Quoting petersurrey
Posts 1200 and 1687 should be able to help...each run reflects a different set of parameters being tested.
Hi petersurrey

Max Rang below means the Distance between Range start and rang should be not more than 80 pips?

EURJPY
SL : 40
TP : 40
MAX RANGE : 80
RangeStart : 21 GMT
RangeEnd : 5 GMT
NumberOfResets : 1

Regards
  • #1,697
  • Dec 22, 2007 10:35am Dec 22, 2007 10:35am
Program will help to determine time for entries for all time zones

Regards
Attached File(s)
File Type: zip qlock-install_2.zip   551 KB | 723 downloads
  • #1,698
  • Dec 22, 2007 10:56am Dec 22, 2007 10:56am
Quoting saaedb
Could all of you please answer these questions.

1) What are you objectives from trading?
2) What is your goal? Minimum Monthly return or Minimum Yearly return?
3) Do you plan on sleeping tonight and waking up a millionaire tomorrow or do you want to get to the riches in due time?
3a) If in due time, how much time, a year, two years... 10 years?

I'm just curious to see what is peoples take on these questions.

thanks
Saaedb
This is my 1st post ever here in this forum.

1. To learn to see a trend and catch the trend, Use excess profits to invest in other less volatile markets
2. Last month made 145%, so about 20 to 25% per month
3. Plan on sleeping peacefully the next couple of years, and then waking up better off than i am today?
3a) 3 to 4 years, with compounding

The 145% i made last month, was not having more than 15% risk at any time, and no more than 5% in any one trade? Was at over 250%, but the forex gods needed some back for christmas.
  • #1,699
  • Dec 22, 2007 11:12am Dec 22, 2007 11:12am
Want to say thanks for this thread, I did read all 114 pages.

Have one question thou,

From what i read the EA takes into account the spread? Why? Wouldn't that turn this into a 100+ pips TP, instead of what is posted in post 1, which is TP 100.


Shouldn't the EA place the orders just like the high and low?

Example, price is 228.50 high, 225.50 low so on the buy it would actually trigger when the bid price hits 228.42 (my broker is 8) sl would be 228.00, tp 229.50.
sell would be 225.50, sl 226.00, tp 224.50.

that is what the orders should be placed as per the 1st post, forget the broker spread in the execution of the order, so your true sl would only be 42 as the broker spread should be counted there, which is where it should be included.

That is my understanding of the rules, and in my logic that is how the EA should be placing the orders?

Thanks for taking your time to design the EA, that is greatly appreciated by all of us here?

Except the ones that don't take the time to read the whole thread?
  • #1,700
  • Dec 22, 2007 11:48am Dec 22, 2007 11:48am
Quoting hany mohssen
Hi petersurrey

Max Rang below means the Distance between Range start and rang should be not more than 80 pips?

EURJPY
SL : 40
TP : 40
MAX RANGE : 80
RangeStart : 21 GMT
RangeEnd : 5 GMT
NumberOfResets : 1

Regards
It means that if the range is more than 80 no trade will be entered.
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