Daily95pips | Page 77 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Daily95pips
Exit Attachments

Daily95pips

  • #1,521
  • Jan 13, 2008 3:22pm Jan 13, 2008 3:22pm
Quoting Ykb
Hey Naranjoe,

thanks for posting your strategy, looks impressive.

I have few question, I hope you might answer.

1) Are you still testing this strategy or actually trading with it?

2) On Tuesday 8 January , you got 120 pips, what represents 2 trades. What happened with the third one, since you don't count it?

thaaaaankx
Hi Ykb
it is not my strategy, developer is mikelath.
I just try to adapt the strategy to gbp/jpy.

Answer of your questions:
1) i do actually forward testing with IBFX demo.
2) We always have 3 orders.
On tuesday 8 January only the first and second order was reached.
On TP2 the EA move SL of third order to BE, then the price come down and close the order at BE.
I have 40 pips on 1., 80 pips on 2. and 0 on 3. = 120 pips

hope this helps to understand.


Quoting tsquad
Naranjoe

The problem with backtesting is that it is not tick for tick - meaning it does not look at what happened during a period of time - only what the opening and close price for that period was.

ie. For a given period, if the open price was 1.4750 - the high 1.4850, the low 1.4650 and close 1.4750 - a backtest would view that period as if the market did not move. In real time, using Mike's system, you could have a 90 pip loss <OR> a 95 pip gain and in either case would been closed out for the day. If backtesting - nothing would have happened or changed.

Now I too am using IBFX, central time zone. If I understand correctly, to match your settings on the EA, I should be using 22 as the start time with 17 as the number of look back hours.

Thanks

Tim

Hi tsquad
you are correct



Happy trading
Naranjoe
  • #1,522
  • Jan 13, 2008 4:26pm Jan 13, 2008 4:26pm
Quoting naranjoe
On TP2 the EA move SL of third order to BE, then the price come down and close the order at BE.
thanks for your replay,

since I trade manually, I am not familiar with "BE", I have no idea, what it means.

Correct me if I am wrong, but when TP2 is reached, the S/L of third order is moved to the position where the order was initiated? (not counting the spread).

Does anything happen with the S/L setting when the TP1 is reached?

Thank you again.
  • #1,523
  • Jan 13, 2008 5:22pm Jan 13, 2008 5:22pm
BE means Break Even.

Quoting Ykb
thanks for your replay,

since I trade manually, I am not familiar with "BE", I have no idea, what it means.

Correct me if I am wrong, but when TP2 is reached, the S/L of third order is moved to the position where the order was initiated? (not counting the spread).

Does anything happen with the S/L setting when the TP1 is reached?

Thank you again.
  • #1,524
  • Jan 13, 2008 6:25pm Jan 13, 2008 6:25pm
Hi,
Here are my results for: 10-Jan-08

GBPUSD -75
GBPJPY -75
USDJPY -75
UERCHF -75
EURGBP +49

Total: -251 pips ouch!

and for: 11-Jan-08
EURCHF -75
EURGBP +33
GBPJPY -75
GBPUSD -75
USDJPY -52

Total: -244 double ouch!

Check the attached image... I think that I have to change the strategy on GBPUSD and other red ones to the original D95P and I stay with EURJPY USDJPY with the reverse D95P.

By the way... on friday the EA didn't open any trades... any suggestions?.

I believe on the system!... just have to tune it up!
Together, we can improve the system for each pair.

Regards.
Christancho
Attached Image (click to enlarge)
Click to Enlarge Name: results.jpg Size: 25 KB
  • #1,525
  • Jan 14, 2008 2:26am Jan 14, 2008 2:26am
Quoting Ykb

Does anything happen with the S/L setting when the TP1 is reached?
It is dependent on what risks you want to enter.
You can move SL on TP1 - thats the save way but in some situations you only made 40 pips (GBP/JPY with my settings) when price moves strong.



Naranjoe
  • #1,526
  • Jan 14, 2008 6:55am Jan 14, 2008 6:55am
First of all, and since this is my first post here (just discovered this thread a week ago) thank you all for this system and the variations/adjustments proposed by all the contributors.

Just have one question to Naranjoe:

In your GBP/JPY variation of the system, why did you choose the 40, 80 and 110 TP exits? Any particular reason?

I am today starting my own forward testing of your variation, with the addition of a fourth lot without any TP and a trailing stop of 70 (something Bullrock proposed somewhere else in the thread).
I will post my results on a weekly basis, for anyone interested.

Thanks,

Middleastern

Quoting naranjoe
It is dependent on what risks you want to enter.
You can move SL on TP1 - thats the save way but in some situations you only made 40 pips (GBP/JPY with my settings) when price moves strong.



Naranjoe
  • #1,527
  • Jan 14, 2008 7:47am Jan 14, 2008 7:47am
Quoting Middleastern
Just have one question to Naranjoe:

In your GBP/JPY variation of the system, why did you choose the 40, 80 and 110 TP exits? Any particular reason?
My settigns are only for the GBP/JPY pair because of the volatility.

Day range of GBP/JPY is often 300-500 PIPS.
Day range of other pairs (for example EUR/USD) is only 100-200 PIPS.

GBP/JPY can make more pips as the other and for that we need another setting in D95P.
But caution, the losses are even greater!

Naranjoe
  • #1,528
  • Jan 14, 2008 8:08am Jan 14, 2008 8:08am
Sure, I understand the higher settings for this pair, but the question is if you chose the 40-80-110 targets arbitrarily or if there is a reason why they are not 30-70-120 for example, or any other close to those TP targets, for that matter.

By the way, today was a good day for your settings with the G/J. It has already hit the 40-80-110 targets, and the fourth free-run lot I am testing is still alive and kicking.

Thanks, and good trading...

Middleastern

Quoting naranjoe
My settigns are only for the GBP/JPY pair because of the volatility.

Day range of GBP/JPY is often 300-500 PIPS.
Day range of other pairs (for example EUR/USD) is only 100-200 PIPS.

GBP/JPY can make more pips as the other and for that we need another setting in D95P.
But caution, the losses are even greater!

Naranjoe
  • #1,529
  • Jan 14, 2008 8:13am Jan 14, 2008 8:13am
Quoting naranjoe
My settigns are only for the GBP/JPY pair because of the volatility.

Day range of GBP/JPY is often 300-500 PIPS.
Day range of other pairs (for example EUR/USD) is only 100-200 PIPS.

GBP/JPY can make more pips as the other and for that we need another setting in D95P.
But caution, the losses are even greater!

Naranjoe
Naranjoe Hello. Do you have tested EUR / JPY settings, EUR / JPY If the installation should also have a reasonable good results. (I do not understand English, please a lot of understanding)
  • #1,530
  • Jan 14, 2008 7:49pm Jan 14, 2008 7:49pm
PIP Nick could you please explain how you do the reverse D95?

As I am keen to try it.
  • #1,531
  • Jan 14, 2008 9:42pm Jan 14, 2008 9:42pm
Hi all, Do you guys trade on LIVE account or demo? I've been reading this forum but I couldn't follow it. What do you mean by placing 6 orders in one pair? if USD/JPY SHORT 109.30 you place STOP L on 109.00, and then place another order? Do you guys have a screenshots for this? This strategy looks very promising and I would like to stick with one strategy since I've followed alot of strategy with unlucky results.
  • #1,532
  • Jan 15, 2008 1:11am Jan 15, 2008 1:11am
Quoting Middleastern
Sure, I understand the higher settings for this pair, but the question is if you chose the 40-80-110 targets arbitrarily or if there is a reason why they are not 30-70-120 for example, or any other close to those TP targets, for that matter.
Hi Middleastern
Please read post #1456.
I test GBP/JPY with many settings and found best one for this pair.
You can also take other parameter and see what happens but I think I fit very well.


Quoting shisuyu
Naranjoe Hello. Do you have tested EUR / JPY settings, EUR / JPY If the installation should also have a reasonable good results. (I do not understand English, please a lot of understanding)
Hi shisuyu
Trade all other with original settings, see post #1, results are different.


Naranjoe
  • #1,533
  • Jan 15, 2008 3:13am Jan 15, 2008 3:13am
[quote=naranjoe;1802124]Hi Middleastern
Please read post #1456.
I test GBP/JPY with many settings and found best one for this pair.
You can also take other parameter and see what happens but I think I fit very well.




Ok, thanks for the answer.

Middleastern
  • #1,534
  • Jan 15, 2008 9:45am Jan 15, 2008 9:45am
This is a good system, Thanks for sharing it
I have been reading about it here in the many pages of this forum, I have a comment,
It would be good if the EA also take into account the daily support and resistance levels for any particular currency pair,
I am not a programmer but would have tested this:
1- adding a finction to calculate the daily resistance and support levels.
2- allowing the EA to adjust entry and exit based on the support/resistance levels, (this could be an optional function - for testing only) -
For example: I wouldn't place my buy order 5 pips before my daily resistance level, instead I would adjust it to 7-8 pips after the resistance level.

I don't want to confuse this system with other systems but I think maybe there is a room for testing and improvement,
Thanks
  • #1,535
  • Jan 15, 2008 11:53am Jan 15, 2008 11:53am
I noticed IBFX is being used alot in demos, but their spreads are higher than other brokers offering MetaTrader, such as FXDD or MIG. Is there another advantage to using IBFX that I am missing?

--BTW I have been live trading the EU & GU on the Daily95 for the past 2+ months using FXCM, and their slippage is terrible. The spread on the GU jumped to 11 pips this morning, open my 3 long positions and stopped me out. I'll be switching brokers.

On a second note, I had problems with the EA on an FXDD demo account last night, all orders entered but one pair. I moved the setup to the next hour, and the entry orders setup OK. Any idea why this happens?

Great thread everyone, keep it up!
  • #1,536
  • Jan 15, 2008 9:44pm Jan 15, 2008 9:44pm
IMHO IBFX offers stable service in Live account too.

Don't stick to 1pip spread too much.
  • #1,537
  • Jan 15, 2008 10:10pm Jan 15, 2008 10:10pm
I've been using quite the same system to trade but this one is even better than the system that I used before. Something like trapping system but better. Keep it up and happy trading.
look before you leap - zarenfx dot net
  • #1,538
  • Jan 16, 2008 8:24am Jan 16, 2008 8:24am
What are the most recent, most succesful, ea's indicators and templates for this system
  • #1,539
  • Jan 16, 2008 9:06pm Jan 16, 2008 9:06pm
Please
Where can I find a forum for hans123. d95p is similar to that of hans123?
  • #1,540
  • Jan 16, 2008 9:20pm Jan 16, 2008 9:20pm
I guess you'll need to look for them, just like everyone else....

Quoting jer966
What are the most recent, most succesful, ea's indicators and templates for this system
3 traders viewing now