Daily95pips

Quoting tsquad

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To answer your question - did you feel the market was going to move in your favor? If so - then you were prudent - if not - luck.


Tim

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Quoting M4X

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can someone show me the post where the EA is listed?
or send it to me

thanks

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Quoting Christancho

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Hi,
I just want to publish my results for friday 04-jan-2008

AUDUSD +65
EURCHF -90
EURGBP +79
EURJPY +82
EURUSD +15
GBPJPY +45
GBPUSD +102
USDJPY +15

Total: +293 pips

For GBPUSD I use PipNick's settings and for the rest of pairs I use Mike's settings for the EA Daily95Pips Reverse (IBFX Fall version).

Thanks Mike! great system!

One question: do you open trades today? (friday)

Regards!
Christancho

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Quoting mikelath

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Hi Christancho.

Very interesting results from the Reverse EA. It appears that you may have manually closed out some of these trades or used the trailing stop ?

To date I haven't had my own demo dedicated to the reverse EA. Rather, I've been waiting to see posts like yours before making a decision.
Now I'm inspired.
To answer your question; yes, I run the EA's on Friday....basically from Mon-Fri and close them over the weekend.

rgs
mike

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Quoting SteveHopwood

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Hehe. Turns out it was dumb luck. Thanks for your reply, Tim. Most helpful; your way of dealing with this make sense to me.

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Quoting jk4x

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What did you change UpdateToBE = for pipnicks version to be?

Mikes is 15, did you change it to 30? I saw some discrepancies in the past few pages.

Thanks all

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Quoting money

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Hello mike how are you? i have one question

Did you already include your spread in this results on each pair or no??

If you consider that all postions could be opened in one way every day, that means 3 positions/day, 15 positions/week and 120 positions/18 weeks.
But we must also consider that sometimes positions will not be open, because of flat!! On the other side positions could be open on both sides, That means 6 positions.

Spread at my broker cms:

EUR/JPY 4 pips
USD/JPY 3 pips
EUR/USD 3 pips


example EUR/JPY ( i will take 120 positions)

EURJPY +1893 120 posit. x 4 pip spread=480
REAL RESSULTS:1893-480= 1413pips



example USD/JPY ( i will take 120 positions)

USDJPY +201 120 posit. x 3 pip spread=360
REAL RESSULTS:201-360= -159pips



example EUR/USD ( i will take 120 positions)

EURUSD +829 120 posit. x 3 pip spread=360
REAL RESSULTS:829-360= 469pips


with spread
EURJPY +1893 -------> 1413 pips
USDJPY +201 -------> -159 pips
EURUSD +829 -------> 496 pips

Total: +2923pips ------> 1750 pips



thank you in advance,
good luck,

Grega

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Quoting ozzibob

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Hi Mikelath

I would like to thank you very much for starting this thread. I'm reading it all the way to the end(up to page 40).

I'm a newbie to Forex. I have been playing with a demo for 6 months, losing more than winning. But when I came across your system I think I might be able to learn something that might give me enough courage to go to LIVE trading.

I have looked at other systems on the FF forum, but as I'm a dummy I don't understand what they are trying to teach. Your's seems so much easier, that even I can understand what you are getting at.

THANK YOU so much.

ozzibob

ps. I live just down the road from you, on the Gold Coast

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Quoting naranjoe

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Hello at all, specifically at mikelath.

I am a great fan of Daily95pips.
I trade it manually without an ea since november 2007.

Many ideas come around here to optimise the system with different currencys.
I propose the following idea:

Well, we all want trade gbp/jpy currency because there was alot of money to make with
but the volatility was to big so it fails often with d95p parameters.
(Sorry for my english because its not my native language.)

My idea is to trade gbp/jpy with the d95p system and another set of parameters.

I try a lot of parameters in backtesting and i have found
a setting that are best for gbp/jpy but it cannot named daily95pips.

Here are my results of backtesting for the last weeks:

Total for week ending Friday 4 Jan 2008: +510pips
Total for week ending Friday 28 Dec 2007: +280pips
Total for week ending Friday 21 Dec 2007: +520pips
Total for week ending Friday 14 Dec 2007: +130pips
Total for week ending Friday 7 Dec 2007: +390pips
Total for week ending Friday 30 Nov 2007: -10pips
Total for week ending Friday 23 Nov 2007: -200pips
Total for week ending Friday 16 Nov 2007: +160pips
Total for week ending Friday 9 Nov 2007: +200pips
Total for week ending Friday 2 Nov 2007: +750pips
Total for week ending Friday 26 Oct 2007: -80pips
Total for week ending Friday 19 Oct 2007: +510pips
Total for week ending Friday 12 Oct 2007: +160pips
Total for week ending Friday 5 Oct 2007: +110pips
Total for week ending Friday 28 Sept 2007: +340pips
Total for week ending Friday 21 Sept 2007: +750pips
Total for week ending Friday 14 Sep 2007: -150pips
Total for week ending Friday 7 Sept 2007: -310pips
Total for week ending Friday 31 Aug 2007: +580pips

Total +4640pips

Weekly average = +244pips
Monthly average = +976pips

I backtesting manually 'set and forget' that mean i do not move any SL to BE or so
will mean its free to optimse for smaller losses.

Since 19 Nov 2007 i do forwardtesting it as always with good performance.

Here are the settings for gbp/jpy:

Buy/Long Orders:
1 - Entry = HIGH+5pips, Take Profit=40pips, S/L=60pips
2 - Entry = HIGH+5pips, Take Profit=80pips, S/L=60pips
3 - Entry = HIGH+5pips, Take Profit=110pips, S/L=60pips
Vice versa for Short
Time to set Orders is 5pm EST.
High and low of the previous 17hrs.

Need good moneymanagement and something to reserve to overcome negative weeks.


Happy trading and greetigs
Naranjoe

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