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

  • #101
  • Jan 14, 2008 8:44am Jan 14, 2008 8:44am
This setup met all of the criteria and ran for over 400 pips overnight-not too shabby
Attached Image (click to enlarge)
Click to Enlarge Name: display20.gif Size: 27 KB
  • #102
  • Jan 14, 2008 9:22am Jan 14, 2008 9:22am
Quoting FXStarShip
This setup met all of the criteria and ran for over 400 pips overnight-not too shabby

Hi, please correct me if iam wronge..
according to rule i think this is not sell entry even if its profitable..
that one of condition is AC Have to change his color also;;
and the changing for all indicators should happen in the same candle!
  • #103
  • Jan 14, 2008 9:24am Jan 14, 2008 9:24am
AC was RED- Please don't be a pinhead when responding
  • #104
  • Jan 14, 2008 9:41am Jan 14, 2008 9:41am
Quoting FXStarShip
AC was RED- Please don't be a pinhead when responding
He meant to say that even though they were all red the system calls for them to turn red at the same time. Not just being red, but a change FROM the other color TO red at the same time.

Thanks,
  • #105
  • Jan 14, 2008 10:02am Jan 14, 2008 10:02am
No biggie- just joking with him. Who cares about 400 pips if you ain't following the rules. right?

Quoting AlxCds
He meant to say that even though they were all red the system calls for them to turn red at the same time. Not just being red, but a change FROM the other color TO red at the same time.

Thanks,
  • #106
  • Jan 14, 2008 2:28pm Jan 14, 2008 2:28pm
Quoting damonl
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.
Yes, I totally concur - Bill Williams' indicators still hold to this day.

In a world where everyone seems to be sidetracked by fancy custom indicators, it seems more and more are neglecting the tried and tested ones out there.
  • #107
  • Jan 14, 2008 2:29pm Jan 14, 2008 2:29pm
Quoting FXStarShip
No biggie- just joking with him. Who cares about 400 pips if you ain't following the rules. right?
LOL, yeah, but you need to have a strict, coherent, CONSISTENT strategy.

And of course hindsight is a beautiful thing.
  • #108
  • Jan 14, 2008 4:26pm Jan 14, 2008 4:26pm
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.
Thanks for letting me know about Snag It. Although I haven't used it yet, I have just checked some reviews on it, and wow - awesome features!

Nice one WH!
  • #109
  • Jan 14, 2008 4:30pm Jan 14, 2008 4:30pm
Quoting Flying Fish
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?
Hi Flying Fish,

No, it doesn't matte when the AO and AC change colour. They don't have to change colour similtaneously. They just have to change colour.
  • #110
  • Jan 14, 2008 4:31pm Jan 14, 2008 4:31pm
Quoting Flying Fish
Thanks for the system, I think you might have something here.
Yes, I think I might... hehe
  • #111
  • Jan 14, 2008 4:32pm Jan 14, 2008 4:32pm
Ok guys,

This was today on the Eur/Jpy on the 5 min chart.

Another beautiful Nailed Pip!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_nailed_14jan.gif Size: 46 KB
  • #112
  • Jan 14, 2008 5:28pm Jan 14, 2008 5:28pm
I think it's o.k. to look at 15 pairs on the daily every day. If it just averages about 3 trades per year with an average profit of 200 pips per year per currency that's 3000 extra pips per year for about 20 minutes of work every day. Averaging almost 1 trade per week. Not bad and actually pretty good. Paris
  • #113
  • Jan 14, 2008 5:34pm Jan 14, 2008 5:34pm
When applying the stop loss. Do you place the stop loss at the wick of the high or low of the candle ? Or just place the stop loss at the top or bottom of the candle body? Thanks, Paris
  • #114
  • Jan 15, 2008 1:53am Jan 15, 2008 1:53am
Quoting Paris Hilton
When applying the stop loss. Do you place the stop loss at the wick of the high or low of the candle ? Or just place the stop loss at the top or bottom of the candle body? Thanks, Paris
Hi Paris,

You place your stop at the high or low of the Nailed Candle, i.e. at the high/low of the wick, (as opposed to the open or close of candle).
  • #115
  • Jan 15, 2008 4:22am Jan 15, 2008 4:22am
i have today +40 Pip taken.
Thanks Ash for the System.

Regards
tordi
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-chf-m30-pip nailer.gif Size: 33 KB
  • #116
  • Jan 15, 2008 6:55am Jan 15, 2008 6:55am
Quoting forexmoments
Hi Flying Fish,

No, it doesn't matter when the AO and AC change colour. They don't have to change colour similtaneously. They just have to change colour.
Thanks Ash, I have now updated my EA to reflect that change.
Attached File(s)
File Type: mq4 Pip Nailer 1.1 - Flying Fish.mq4   5 KB | 1,198 downloads
  • #117
  • Edited 8:33am Jan 15, 2008 6:59am | Edited 8:33am
Quoting 6pack
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...)
It is a TRIAL.... your assuming otherwise. I mentioned it because the program is better than the ones mentioned.
  • #118
  • Edited 7:56am Jan 15, 2008 7:36am | Edited 7:56am
Just saw this system. How has it been doing?
What settings, TF and pairs is everyone using?
Thanks


EDIT: with the EA can you add TP and SL? What does the Percent setting represent? Does the EA only allow for Automatic trade placement with Money management? If I don't want to use MM, can you add a fixed Lot amount? Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #119
  • Jan 15, 2008 1:50pm Jan 15, 2008 1:50pm
Quoting tordi
i have today +40 Pip taken.
Thanks Ash for the System.

Regards
tordi
Hey Tordi, you're most welcome!
  • #120
  • Jan 15, 2008 3:19pm Jan 15, 2008 3:19pm
Quoting Flying Fish
Thanks Ash, I have now updated my EA to reflect that change.
Really appreciate it mate.
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