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

  • #81
  • Jan 12, 2008 8:41pm Jan 12, 2008 8:41pm
DO not forget to take into consideration different brokers have different settings and feeds....Any vt users here can take a look see. And not that this matters I also use heikin-ashi candlesticks for visual reasons
  • #82
  • Jan 12, 2008 9:12pm Jan 12, 2008 9:12pm
Quoting bullish84
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?
If the PSAR is changing above the candle and the Awesome and Accelerator are red already since some candles before... that is not a valid signal. They have to change from green to red at the same candle as the PSAR change.
I agree... would have made heaps of pips following your rules, but that is not what is written in the pdf file.
"The only successful substitute for brains is silence."
  • #83
  • Edited 10:21pm Jan 12, 2008 10:10pm | Edited 10:21pm
Quoting bullish84
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?
I hope this will make it clear:
I quote Ash Entry Rules second paragraph:
"Here is an illustration on the EUR/USD, hourly chart. Notice how all three indicators changed color/position at Exactly the same bar. This is very important. Anything else is not a valid signal or a nailed candle."

So, if your VT trader showed the Accelerator and awesome oscillator changed color from Green to Red, and PSAR changed position from bottom to top, at the same candle, then you do have a pip nailer. But it is not the case from your interpretation, I'm sorry.

I'm happy you made money but it is important we don't make this to be confusing for others.
Rick
I'm a disciplined trader and that's the only way I trade.
  • #84
  • Jan 12, 2008 10:24pm Jan 12, 2008 10:24pm
Seems to me that all you are really trading is the PSAR with this system. I did not spend a whole lot of time with it, but going over the past few months of EURUSD on a 1 hour chart with your indicators, it seems that for the most part, the AC and AO line up at roughly the same points as the PSAR each time. When I look to add a new indicator, I would only add it if it acts as a filter to screen me out of bad trades. Maybe I am not seeing it with this system, but it just looks to me like all three are coincident and are basically telling you the same thing. In my experience PSAR and ATR trading systems will not make you money in the long run. But as always, I am happy to be proven wrong.
  • #85
  • Jan 12, 2008 10:38pm Jan 12, 2008 10:38pm
Quoting slade
Seems to me that all you are really trading is the PSAR with this system. I did not spend a whole lot of time with it, but going over the past few months of EURUSD on a 1 hour chart with your indicators, it seems that for the most part, the AC and AO line up at roughly the same points as the PSAR each time. When I look to add a new indicator, I would only add it if it acts as a filter to screen me out of bad trades. Maybe I am not seeing it with this system, but it just looks to me like all three are coincident and are basically telling you the same thing. In my experience PSAR and ATR trading systems will not make you money in the long run. But as always, I am happy to be proven wrong.
Not really.
On the attached chart there are only TWO valid entry signals, nailed candles.
1 loser and 1 winner. (red vertical lines)
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 39 KB
"The only successful substitute for brains is silence."
  • #86
  • Jan 12, 2008 10:41pm Jan 12, 2008 10:41pm
Quoting slade
Seems to me that all you are really trading is the PSAR with this system. I did not spend a whole lot of time with it, but going over the past few months of EURUSD on a 1 hour chart with your indicators, it seems that for the most part, the AC and AO line up at roughly the same points as the PSAR each time. When I look to add a new indicator, I would only add it if it acts as a filter to screen me out of bad trades. Maybe I am not seeing it with this system, but it just looks to me like all three are coincident and are basically telling you the same thing. In my experience PSAR and ATR trading systems will not make you money in the long run. But as always, I am happy to be proven wrong.
To me, the AO and AC seem to be just OLD cousins to MACDs. They seem to be the olden days versions of MACD(5,34) and MACD-Histogram(5,34,5) respectively. The MACDs use EMA which is very difficult to calculate with calculators and so the AC and AO use simpe MA with fixed numbers (may be pre-computer days stuff). So, AO is same as 5,34-SMA crossing. One can easily use MACDs which are faster responding.

Just wanted everyone to know what they are using.

chandra
  • #87
  • Jan 12, 2008 11:40pm Jan 12, 2008 11:40pm
Quoting achandrasekaran99
To me, the AO and AC seem to be just OLD cousins to MACDs. They seem to be the olden days versions of MACD(5,34) and MACD-Histogram(5,34,5) respectively. The MACDs use EMA which is very difficult to calculate with calculators and so the AC and AO use simpe MA with fixed numbers (may be pre-computer days stuff). So, AO is same as 5,34-SMA crossing. One can easily use MACDs which are faster responding.

Just wanted everyone to know what they are using.

chandra
Chandra set it all look at the charts of the AO and AC they are just simplified versions of the MACD just put the default settings of the MACD and look how they look the same. They are nothing new..just a new paint on the old version...
Push yourself to your fullest potential!!
  • #88
  • Jan 12, 2008 11:53pm Jan 12, 2008 11:53pm
Hi Ash!

When the PSAR dot, AO and AC all CHANGE simultaneously, do we place a market order immediately when they appear? Or do we wait for the close of the PipNailer candle before making an entry?

The reason I ask, is that if any of the indicators repaint, then we may not have a valid entry unless we wait for the close. Unfortunately, it seems in a majority of cases, if we wait for the close that we forfeit much/most/all of the movement by waiting.

Thanks so much for sharing your PipNailer Method with us!

BobKat
  • #89
  • Jan 13, 2008 12:18am Jan 13, 2008 12:18am
Quoting Bobcat2
Hi Ash!

When the PSAR dot, AO and AC all CHANGE simultaneously, do we place a market order immediately when they appear? Or do we wait for the close of the PipNailer candle before making an entry?

The reason I ask, is that if any of the indicators repaint, then we may not have a valid entry unless we wait for the close. Unfortunately, it seems in a majority of cases, if we wait for the close that we forfeit much/most/all of the movement by waiting.

Thanks so much for sharing your PipNailer Method with us!

BobKat

In the pdf he mentions you get inthe trade at the close of the candle.
  • #90
  • Jan 13, 2008 2:26am Jan 13, 2008 2:26am
I back tested this on the 4hr and daily on the GBP/JPY. Profit for one year on the 4hr was about +260 pips with 3 wins 1 loss. 4 trades that fit the criteria only.
The daily didn't do very well either with only a few hunded pips profit and only 3 trades in a year. I'm using FXDD with gmt +2, it shouldn't make much difference. Paris
  • #91
  • Jan 13, 2008 6:29am Jan 13, 2008 6:29am
Quoting bullish84
sure noel...can you tell me how to post pix of my charts?
Hi Bullish.

If you want to obtain a copy of your chart as a bitmap or jpeg, then just open yoour chart, and press "print screen" on your keyboard. It's at the top right corner on your keyboard.

Then go to MS Paint, and paste it there.

Save and attach.

Hope this helps.

I think everyone here would like to see what you are seeing!
  • #92
  • Jan 13, 2008 6:33am Jan 13, 2008 6:33am
Quoting Bobcat2
Hi Ash!

When the PSAR dot, AO and AC all CHANGE simultaneously, do we place a market order immediately when they appear? Or do we wait for the close of the PipNailer candle before making an entry?

The reason I ask, is that if any of the indicators repaint, then we may not have a valid entry unless we wait for the close. Unfortunately, it seems in a majority of cases, if we wait for the close that we forfeit much/most/all of the movement by waiting.

Thanks so much for sharing your PipNailer Method with us!

BobKat
Bobcat, these indicators do not repaint. Yes, they will alternate during the forming of a candle, but that isn't the definition of repainting.

Repainting means that an indicators changes AFTER the candle has closed. These indicators DEFINITELY do not repaint - they wil stick to their positions indefinitely once the candle has closed.

This is why it is imperative you only trade at the close of the candle.
  • #93
  • Jan 13, 2008 6:56am Jan 13, 2008 6:56am
Quoting bullish84
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?
And yes to confirm, you don't use multiple similtaneous timeframes for this system.
  • #94
  • Jan 13, 2008 8:26am Jan 13, 2008 8:26am
Quoting forexmoments
Hi Bullish.

If you want to obtain a copy of your chart as a bitmap or jpeg, then just open yoour chart, and press "print screen" on your keyboard. It's at the top right corner on your keyboard.

Then go to MS Paint, and paste it there.

Save and attach.

Hope this helps.

I think everyone here would like to see what you are seeing!
Bullish, FXmoments, and everyone:
There are much better solutions than using "print screen" and MSPaint. Here are four fantastic freewares: http://www.techsupportalert.com/best...ilities.htm#31
Personally, I use #4. You can, for example, capture the "window/object" [Alt-PrntScrn] within a program, so you can easily capture the chart only within MT4, with no cutting/cropping, etc.:
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-01-13_092349.png Size: 20 KB
  • #95
  • Jan 13, 2008 8:34am Jan 13, 2008 8:34am
The ultimate screen capture software is SNAGIT. No other screen capture software beats this one.

Capture anything on your screen - from an area to a scrolling web page.

Edit your screen capture using the built-in image editor.

Share, save and print your screen capture in the format of your choice.

If you want a copy of it, send me a pm.
  • #96
  • Jan 13, 2008 9:18am Jan 13, 2008 9:18am
Quoting WHTenn
The ultimate screen capture software is SNAGIT. No other screen capture software beats this one.

Capture anything on your screen - from an area to a scrolling web page.

Edit your screen capture using the built-in image editor.

Share, save and print your screen capture in the format of your choice.

If you want a copy of it, send me a pm.
I'm not familiar with SNAGIT, but the programs I've listed seem to do all of what you mention - and are free to use (no adware, spyware, etc.). I think we should honor the authors/coders of these programs, who, like us, just want to make a living...
(I would encourage you to also look at the other software on this list - http://www.techsupportalert.com/best..._utilities.htm - but that's a bit off-topic...)
  • #97
  • Jan 13, 2008 9:27am Jan 13, 2008 9:27am
Hello...

It is very interesting to see others using Bill Williams materials to create there own system.

I also use BW materials including, divergence, fractals, high-low, AO, AC and Alligator. They are too much to go into on this forum, but you should really read his books "Trading Chaos" and "New Trading Dimensions". They are fantastic.

By reading his books you will learn the proper way to use the AO and AC and apply it to any market.

Good luck with this system.
"Keep your eyes on the helpers" - Mr. Rogers
  • #98
  • Jan 14, 2008 1:16am Jan 14, 2008 1:16am
Quoting Paris Hilton
I back tested this on the 4hr and daily on the GBP/JPY. Profit for one year on the 4hr was about +260 pips with 3 wins 1 loss. 4 trades that fit the criteria only.
The daily didn't do very well either with only a few hunded pips profit and only 3 trades in a year. I'm using FXDD with gmt +2, it shouldn't make much difference. Paris
Hi Paris,

Like I have said before, I get an average of a 70% win/loss ratio.

Your 3 out of 4 winners is a hit rate of 75%. Seriously, this system is designed that even though the signals do not come around that often, the point is that in the overall scheme of things you'll get more winners than losers.

Also, you can't expect that many signals on H4 and D1, BUT when you do see them - be very confident in taking them.
  • #99
  • Jan 14, 2008 2:28am Jan 14, 2008 2:28am
Hi Ash,

I was re-reading the exit rules and I think I may have misinterpreted part of it. When you say "You can also let the trend continue, and then exit when both of the AO and the AC have changed color." Does that mean when the AO and AC change color simultaneously like when looking for an entry or, it doesn't matter just exit when they both are the opposite color of what you entered on?

Thanks for the system, I think you might have something here.
  • #100
  • Jan 14, 2008 8:33am Jan 14, 2008 8:33am
hey all.... seen several posts lately about charts..... if for some reason you need the entire screen, the 'print screen' button on your keyboard will capture it all.....

however if your goal is to post a single chart, you can right click on the chart and among the list is 'save as picture'..... select active chart ...... might want to keep the size within reason, ff has some rules .....

coded up the painted pip nailer to include an email option, the standard popup alert and also a user selectable wav alert..... also made some vast improvements in the pip nailer ea...... both were posted in 58 and my intentions were just to replace those , but dangit, it appears we can't edit our posts....... lookin at my options now..... h
to trade and code, keep both simple... no call to impress....h
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