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

  • #121
  • Jan 15, 2008 3:31pm Jan 15, 2008 3:31pm
Quoting matrixebiz
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
Hi Matrixbiz,

Everyone is using different timeframes and different pairs.

I have posted some chart set ups in this thread, and so have others.

I recommend everyone uses GMT charts.

You can use 5 min all the way to monthly even. If you look at the Cable, on a monthly, you will see a current signal.
  • #122
  • Jan 15, 2008 4:06pm Jan 15, 2008 4:06pm
Quoting matrixebiz
J
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
The EA will set TP and SL in accordance with the rules. RiskPercent is the percentage of your account balance you'd like to place for each trade (default 2%). The lot size will be variable as each trade will be different, however you still won't be risking more than what you have set for RiskPercent.

Other features (like using fixed lots) are being considered for a future version, however right now, I just want to work with Ash's system the way he wrote it.
  • #123
  • Jan 15, 2008 4:32pm Jan 15, 2008 4:32pm
Ok, thanks. Testing it out now
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #124
  • Jan 16, 2008 12:46am Jan 16, 2008 12:46am
Hi Ash!

I love this thread!

Question please: Your recent post indicated a Sell trade on the monthly Cable. If I follow your directions, the nailed candle Stop Loss is 817 pips. This would mean that my Take Profit target is also 817 pips? Even a one microlot trade would mean a risk of $81.70. Are my calculations accurate or do need to go back to school?

Many thanks,
Bob in Wisconsin
  • #125
  • Jan 16, 2008 1:03am Jan 16, 2008 1:03am
Quoting Flying Fish
The EA will set TP and SL in accordance with the rules. RiskPercent is the percentage of your account balance you'd like to place for each trade (default 2%). The lot size will be variable as each trade will be different, however you still won't be risking more than what you have set for RiskPercent.

Other features (like using fixed lots) are being considered for a future version, however right now, I just want to work with Ash's system the way he wrote it.

Hi, trying out the ea, and on gbp/jpy 1-16-08, 4:00 gmt, was a 30 minute sell signal, ea didn't take trade till next bar, which was second printed sar dot.
  • #126
  • Jan 16, 2008 2:35am Jan 16, 2008 2:35am
Same here... I have been experimenting with the EA by Flying Fish. It seems like it will only work on hourly charts.. My USD/CHF chart on IBFX had a buy signal on closed nailer at 7:30 GMT and 8:00 GMT as well but the EA did not enter any trades.

Recently, the hourly chart for AUD/JPY, the EA did enter and made profit on +29 pips gain. The trade was opened at 6:00 GMT.

I am using the same EA so it is my guess that the EA will not work on 30M charts unless I did something wrong.

Looking forward to hear the response from Flying Fish. Thanks for your great assistance with the EA.
  • #127
  • Jan 16, 2008 6:03am Jan 16, 2008 6:03am
Just a few moments ago... the closed nailer on hourly EUR/GBP on 11:00 GMT candle was confirmed as a sell signal but the Flying Fish EA did not enter the trade on the next opening candle.

Not sure why?
  • #128
  • Jan 16, 2008 11:08am Jan 16, 2008 11:08am
Flying Fish,

I think I understand why some signals that your EA did not take were because the both AC and AO must be above the zero line for buy and below the zero line for sell. Am I correct? If yes, it would not be the rule that the Pip Nailer creator use. I believe the color only has to be the same regardless its current value above or below the zero line.
  • #129
  • Jan 16, 2008 2:53pm Jan 16, 2008 2:53pm
Quoting Bobcat2
Hi Ash!

I love this thread!

Question please: Your recent post indicated a Sell trade on the monthly Cable. If I follow your directions, the nailed candle Stop Loss is 817 pips. This would mean that my Take Profit target is also 817 pips? Even a one microlot trade would mean a risk of $81.70. Are my calculations accurate or do need to go back to school?

Many thanks,
Bob in Wisconsin
This is correct!
  • #130
  • Jan 16, 2008 2:54pm Jan 16, 2008 2:54pm
Quoting bwk9087
Hi, trying out the ea, and on gbp/jpy 1-16-08, 4:00 gmt, was a 30 minute sell signal, ea didn't take trade till next bar, which was second printed sar dot.
I'm not too sure why the EA doesn't follow the correct trades, but maybe Flying Fish can iron these out later.
  • #131
  • Jan 16, 2008 2:58pm Jan 16, 2008 2:58pm
Yet another beautiful trade today, on GBP/USD on the 5min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_nailed_16jan.gif Size: 29 KB
  • #132
  • Jan 16, 2008 3:02pm Jan 16, 2008 3:02pm
Quoting bwk9087
Hi, trying out the ea, and on gbp/jpy 1-16-08, 4:00 gmt, was a 30 minute sell signal, ea didn't take trade till next bar, which was second printed sar dot.
I hope you personally took this signal - would have banked a lot of pips there!
  • #133
  • Jan 16, 2008 3:03pm Jan 16, 2008 3:03pm
Quoting FXHOUND
Flying Fish,

I think I understand why some signals that your EA did not take were because the both AC and AO must be above the zero line for buy and below the zero line for sell. Am I correct? If yes, it would not be the rule that the Pip Nailer creator use. I believe the color only has to be the same regardless its current value above or below the zero line.
Once again I stress everyone, it doesn't matter whether the AO or AC are above or below the middle line - as long as they're the same colour on the same bar then that is all that matters.
  • #134
  • Jan 16, 2008 4:01pm Jan 16, 2008 4:01pm
Quoting FXHOUND
Just a few moments ago... the closed nailer on hourly EUR/GBP on 11:00 GMT candle was confirmed as a sell signal but the Flying Fish EA did not enter the trade on the next opening candle.

Not sure why?
Hi FXHOUND,

I don't see a trade setup on my chart, could you post yours?
BTW, I use IBFX.
Attached Image
  • #135
  • Jan 16, 2008 4:02pm Jan 16, 2008 4:02pm
Quoting FXHOUND
Flying Fish,

I think I understand why some signals that your EA did not take were because the both AC and AO must be above the zero line for buy and below the zero line for sell. Am I correct? If yes, it would not be the rule that the Pip Nailer creator use. I believe the color only has to be the same regardless its current value above or below the zero line.
No, the EA does not care about the zero line -- only when the bars change color. Thanks for your suggestion though.
  • #136
  • Jan 16, 2008 4:05pm Jan 16, 2008 4:05pm
Flying Fish -

I use IBFX too. Do you see the red candle for both AC and AO on 11:00 GMT bar and the para is above the price candle? It is the sell setup at the opening of 12:00 GMT bar. Why was it not the sell signal?

Thanks for your help
  • #137
  • Jan 16, 2008 4:05pm Jan 16, 2008 4:05pm
Quoting forexmoments
I'm not too sure why the EA doesn't follow the correct trades, but maybe Flying Fish can iron these out later.
Mine trades on the following bar as well, I marked where signal is but you can see trade on next bar.
Attached Image (click to enlarge)
Click to Enlarge Name: PN.JPG Size: 78 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #138
  • Jan 16, 2008 4:07pm Jan 16, 2008 4:07pm
For those trades the EA may have missed -- please check the Expert tab on your console to see if there were any error messages from the EA. I can think of one situation where the computed lots will exceed your margin requirements all the while staying within 2% of your balance. I highly suspect that is why the trade didn't go through.

Please continue to report any concerns you may have.
Thanks!
Flying Fish
  • #139
  • Jan 16, 2008 4:12pm Jan 16, 2008 4:12pm
Quoting FXHOUND
Flying Fish -

I use IBFX too. Do you see the red candle for both AC and AO on 11:00 GMT bar and the para is above the price candle? It is the sell setup at the opening of 12:00 GMT bar. Why was it not the sell signal?

Thanks for your help
Do you mean here? If so, only the SAR changed not the AO or AC. Remember, all three indicators must change all at the same time. If this isn't the spot, please post a pic. Thanks.
Attached Image
  • #140
  • Jan 16, 2008 4:18pm Jan 16, 2008 4:18pm
Quoting matrixebiz
Mine trades on the following bar as well, I marked where signal is but you can see trade on next bar.
This is correct. The rules state to enter at the close of the nailed candle, i.e. at the start of the next candle.

The EA enters at the open (start) of the next candle.
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