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"The Pip Nailer". Any time frame, any pair

  • #61
  • Jan 11, 2008 2:31am Jan 11, 2008 2:31am
Long @ 0.7845
Stop @ 0.7720
Profit @ 0.7985

Here's hoping we all see the same signal

P.S. There is also a long signal on the 15 min EURUSD right now...Good Luck!
Attached Image (click to enlarge)
Click to Enlarge Name: Nailed Jan 11 2008 NZDUSD Daily entry.jpg Size: 213 KB
  • #62
  • Jan 11, 2008 3:54am Jan 11, 2008 3:54am
Here's another in the GBP/USD monthly. Signal happened Dec 2007 and target is around 1.9083. This will be interesting to see.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd_monthly.gif Size: 15 KB
I'm a disciplined trader and that's the only way I trade.
  • #63
  • Jan 11, 2008 5:08am Jan 11, 2008 5:08am
Okay guys, here is my take on the subject. I think it encompasses the rules without all of the bells and whistles. I figure, let's get the basics down first, then we can add the cool stuff later.

However, there is one thing for me that sticks out like a sore thumb, and that is in the lot calculation. Right now, the number of lots is determined as a percentage of the account balance verses the number of pips you're willing to risk. In other words, if going long for example, the SL is set to the low of the trigger candle. If that is 20 pips down, and you're risking 2% of your balance then a certain lot number is calculated. Let's say on the next trade, the SL is 38 pips down, then lots is calculated based on that. It all boils down to this: the more pips the SL is away from you entry, the fewer lots you'll trade and vice-versa. In backtesting, the lot sizes were all over the place, and I'd much prefer a more stable number like 0.11 growing to 0.12 etc. as your balance increases. What was really scary was when at lower time frames, the pip distance was like only 6 or 7 and that caused lots to go to like 20+ or whatever.

So, I propose a rule change to allow for a different method of lot calculation. What do you say, forexmoments? And what ideas do you guys have to make it more reasonable?
Attached File(s)
File Type: mq4 Pip Nailer - Flying Fish.mq4   4 KB | 1,293 downloads
  • #64
  • Jan 11, 2008 1:33pm Jan 11, 2008 1:33pm
Quoting pip_bagger
Long @ 0.7845
Stop @ 0.7720
Profit @ 0.7985

Here's hoping we all see the same signal

P.S. There is also a long signal on the 15 min EURUSD right now...Good Luck!

I don't see that signal on NZD/USD Daily. I advise everyone to use Interbank FX, because their charts are based on GMT, and GMT is where I did my testing before I decided to release this system.
  • #65
  • Jan 11, 2008 1:39pm Jan 11, 2008 1:39pm
Quoting Flying Fish
Okay guys, here is my take on the subject. I think it encompasses the rules without all of the bells and whistles. I figure, let's get the basics down first, then we can add the cool stuff later.

However, there is one thing for me that sticks out like a sore thumb, and that is in the lot calculation. Right now, the number of lots is determined as a percentage of the account balance verses the number of pips you're willing to risk. In other words, if going long for example, the SL is set to the low of the trigger candle. If that is 20 pips down, and you're risking 2% of your balance then a certain lot number is calculated. Let's say on the next trade, the SL is 38 pips down, then lots is calculated based on that. It all boils down to this: the more pips the SL is away from you entry, the fewer lots you'll trade and vice-versa. In backtesting, the lot sizes were all over the place, and I'd much prefer a more stable number like 0.11 growing to 0.12 etc. as your balance increases. What was really scary was when at lower time frames, the pip distance was like only 6 or 7 and that caused lots to go to like 20+ or whatever.

So, I propose a rule change to allow for a different method of lot calculation. What do you say, forexmoments? And what ideas do you guys have to make it more reasonable?
Thank you for your efforts, all you coders.

As for money management, then to each his own, but as a general rule, I don't like to risk more than 2 percent of my account! I think 1% is a safe risk.

That is the thing with this system, because the stops vary, then the lots will vary. Honestly, there is no hard and fast rule for this, I generally keep it at a % risk, because in terms of PROBABILITY, it doesn't actually matter what size your stop is. Theoretically, every valid signal has the same probability of winning/losing.
  • #66
  • Jan 11, 2008 1:50pm Jan 11, 2008 1:50pm
For you guys out there who like to trade on the shorter time frames and scalp, here is an example of a couple of Nailed Candles on the Eur/Usd, 5 min chart. They both happened on the same day, earlier this week.

Both of them were beautiful trades.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd_scalp.gif Size: 29 KB
  • #67
  • Jan 11, 2008 2:25pm Jan 11, 2008 2:25pm
I saw the signal on the Eur/Usd 15Mn chart but didn't take it as News was coming out later. Glad I didn't, turned out to be a loser. I'm also using IBFX for my signals.
  • #68
  • Jan 11, 2008 4:09pm Jan 11, 2008 4:09pm
Quoting thunderwolf
I saw the signal on the Eur/Usd 15Mn chart but didn't take it as News was coming out later. Glad I didn't, turned out to be a loser. I'm also using IBFX for my signals.
Yep, again I stress, I don't advise people to trade during the news.

Yes the system won on NFP last Friday - that was simply an example to show you it still can work, but you have to be aware of the risks.

If you're going to trade during news, I wish you the very best of luck.
  • #69
  • Jan 11, 2008 6:27pm Jan 11, 2008 6:27pm
I have a question ash or anyone whom can answer. Since this system works on all pairs and all time frames, do you follow the larger time frame and enter on a smaller tf? Or it doesnt matter you can lock into one tf if you want? I think it works either way just curious because I want to correctly test this system...bottom line do you just lock into one tf per cross?
  • #70
  • Jan 12, 2008 10:34am Jan 12, 2008 10:34am
Hi,

Thanks for your contribution.The system is amazing.I have been demo trading it and it has been wonderful .Can you help me with par sar alert signal.You can send it to my email address : [email protected].
Thanks for your anticipated cooperation. Have a good trading week ahead.

Nick



Quoting FXHOUND
Thunderwolf,

Do you happen to have the same alert for email notification only?

Thanks!
  • #71
  • Jan 12, 2008 1:36pm Jan 12, 2008 1:36pm
well I happened to test this system this week starting at 8pm on 01/07/2008 and am happy to say just trading off of the 30min tf on the guppy I caught 1,000 PIPS THIS WEEK ALONE....and oh yea my birthday was thursday so this was a great birthday week thanks ash!!!!

Im a swing trader so this systems fits me perfectly

all I did was:
made sure the macd swing coincided with the awesome and accelarator oscillators...made sure the oscillators were the same color and/or increasing or decreasing and made sure the psar matched up with everything....

Fyi...I just locked into one tf and one pair

Maybe I got lucky I dont know but this was a great bday week for me!!!!
  • #72
  • Jan 12, 2008 3:00pm Jan 12, 2008 3:00pm
[quote=bullish84;1798824]well I happened to test this system this week starting at 8pm on 01/07/2008 and am happy to say just trading off of the 30min tf on the guppy I caught 1,000 PIPS THIS WEEK ALONE....and oh yea my birthday was thursday so this was a great birthday week thanks ash!!!!

Im a swing trader so this systems fits me perfectly

all I did was:
made sure the macd swing coincided with the awesome and accelarator oscillators...made sure the oscillators were the same color and/or increasing or decreasing and made sure the psar matched up with everything....


Bulllish84,

Fantastic results for the week, can you post some charts showing how you were making your entries?

Many thanks,

Noel.
  • #73
  • Jan 12, 2008 4:44pm Jan 12, 2008 4:44pm
sure noel...can you tell me how to post pix of my charts?
  • #74
  • Jan 12, 2008 6:17pm Jan 12, 2008 6:17pm
  •  Trader#0000
  • | Status: Unregistered Trader
Well, I don't think you are using the precise rules mentioned for this system. If yes, please specify this part. I don't see MACD being mentioned anywhere in the pip nailer system's rules.

Just want to make sure so we don't confuse everyone here.

Thanks.

Quoting bullish84
well I happened to test this system this week starting at 8pm on 01/07/2008 and am happy to say just trading off of the 30min tf on the guppy I caught 1,000 PIPS THIS WEEK ALONE....and oh yea my birthday was thursday so this was a great birthday week thanks ash!!!!

Im a swing trader so this systems fits me perfectly

all I did was:
made sure the macd swing coincided with the awesome and accelarator oscillators...made sure the oscillators were the same color and/or increasing or decreasing and made sure the psar matched up with everything....

Fyi...I just locked into one tf and one pair

Maybe I got lucky I dont know but this was a great bday week for me!!!!
  • #75
  • Jan 12, 2008 6:32pm Jan 12, 2008 6:32pm
Bullish84,

What did you use as the exit trigger? Where the entires per the system with confirmation on MACD with standard settings? Please let us know so the rest of us that are interested can also do some back testing.

Thanks, lcfxtrader
  • #76
  • Jan 12, 2008 6:37pm Jan 12, 2008 6:37pm
Quoting bullish84
sure noel...can you tell me how to post pix of my charts?
When you have your chart ready, right click and choose "Save as Picture", name a file and save it. In the forum below you will see "Manage Attachment and load the file.
I'm a disciplined trader and that's the only way I trade.
  • #77
  • Jan 12, 2008 7:09pm Jan 12, 2008 7:09pm
drick...I use vt trader I cant right click and save the chart to file....Ive tried also printing to pdf and that just freezes my computer...Any other ideas to capture the chart picture?

just in case here is a sample of my trade until I figure out how to post pix...

my favorite day (my bday) and one of the most profitable days I had this week was on 1/10 at 11pm est (2300)

I entered short at 214.55 which includes my 8 point spread

30 min. tf
macd was in a downswing
awesome osc. was red and declining
chaos accelarator was red and declining
psar was above the candles

I set my stop at the high of the previous candle
I added a .3 lot to each candle for the next 9 candles

I exited at the open of the candle on 1/11 3:30am est. 212.66 for a total of 189 pips of 2.7 lots total....
  • #78
  • Jan 12, 2008 7:54pm Jan 12, 2008 7:54pm
Quoting bullish84
drick...I use vt trader I cant right click and save the chart to file....Ive tried also printing to pdf and that just freezes my computer...Any other ideas to capture the chart picture?

just in case here is a sample of my trade until I figure out how to post pix...

my favorite day (my bday) and one of the most profitable days I had this week was on 1/10 at 11pm est (2300)

I entered short at 214.55 which includes my 8 point spread

30 min. tf
macd was in a downswing
awesome osc. was red and declining
chaos accelarator was red and declining
psar was above the candles

I set my stop at the high of the previous candle
I added a .3 lot to each candle for the next 9 candles

I exited at the open of the candle on 1/11 3:30am est. 212.66 for a total of 189 pips of 2.7 lots total....

Bullish84,
Here is the picture I have from your entry and exit. It is NOT a valid Pip Nailer in my chart. Unless someone else have a chart showing different. Let'e keep this thread simple by having the Pip Nailer signal the FIRST and ONLY signal to get in a trade.

Rick
Attached Image (click to enlarge)
Click to Enlarge Name: bullish.gif Size: 18 KB
I'm a disciplined trader and that's the only way I trade.
  • #79
  • Jan 12, 2008 8:03pm Jan 12, 2008 8:03pm
Quoting bullish84
drick...I use vt trader I cant right click and save the chart to file....Ive tried also printing to pdf and that just freezes my computer...Any other ideas to capture the chart picture?

just in case here is a sample of my trade until I figure out how to post pix...

my favorite day (my bday) and one of the most profitable days I had this week was on 1/10 at 11pm est (2300)

I entered short at 214.55 which includes my 8 point spread

30 min. tf
macd was in a downswing
awesome osc. was red and declining
chaos accelarator was red and declining
psar was above the candles

I set my stop at the high of the previous candle
I added a .3 lot to each candle for the next 9 candles

I exited at the open of the candle on 1/11 3:30am est. 212.66 for a total of 189 pips of 2.7 lots total....
On FXDD M30 there is not one single valid entry for the last week following the rules that ALL 3 conditions must appear at the same candle!
"The only successful substitute for brains is silence."
  • #80
  • Jan 12, 2008 8:37pm Jan 12, 2008 8:37pm
according to ash and my intrepretation that is exactly the pip nailer....it says in the pdf the accelerator and awesome oscillators both need to be red and the psar above the candle for a short.....How is this not a valid signal? Even if my intrpretation is off it was still very profitable for me this week....Once again Id love to show you the charts if anyone can help me figure out how?Any Vt trader users here know how?
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