Hi everyone,
I just want to publish my results...
audusdm 9
eurchfm -121
eurgbpm -99
eurjpym 45
eurusdm -144
gbpjpym -135
gbpusdm 3
usdjpym -59
Total week: -501 pips(it hurts)
Due to the bad results i have changed my strategy I have analyzed each losing position... and I have established that the next week I will work with these settings:
audusdm D95P
eurchfm D95P
eurgbpm D95P
eurjpym D95P-REVERSE
eurusdm D95P
gbpjpym D95P
gbpusdm
D95P-REVERSE-PIPNICK
usdjpym D95P-REVERSE
Hope it works...
Regards
Christancho
:.
- #1,566
- Jan 21, 2008 4:51am Jan 21, 2008 4:51am
I ever used another EA in my IBFX live account.
I think PipNick IBFX Fall Version 5.2 is restricted to only for demo account
PipHunter, can you fix it ? plz~
IBFX allows EA trading, I know because I used an EA in the past on my live account and didn't have any problems,
I don't think there is any restriction from the EA to trade only on Demo accounts,
Try this,
1-open your trading platform IBFX
2-go to the "Tools" menu
3-select "options"
4- Tap to "Expert Advisors"
5- Check all the boxes
You can also check with IBFX online support that your account can trade with EAs
I hope this helps
- #1,567
- Jan 21, 2008 5:12am Jan 21, 2008 5:12am
IBFX allows EA trading, I know because I used an EA in the past on my live account and didn't have any problems,
I don't think there is any restriction from the EA to trade only on Demo accounts,
Try this,
1-open your trading platform IBFX
2-go to the "Tools" menu
3-select "options"
4- Tap to "Expert Advisors"
5- Check all the boxes
You can also check with IBFX online support that your account can trade with EAs
I hope this helps
Thanks, but I have other EA's that work on my IBFX account, but the PipNick EA doesn't. I've spoken with IBFX and they don't restrict any EA's. Hopefully it is a coding error that can be fixed. Maybe PipNick can fix it.
- #1,570
- Jan 21, 2008 6:15am Jan 21, 2008 6:15am
Hi Folks,
i discovered this thread on the weekend and decided to give the strategy a try. Well what can I say. It worked too good to be true today.
I opened positions in the following pairs:
USD/JPY with the original setup (TP15-30-50; S/L 30)
GDP/JPY slightly modified (TP 20-40-70; S/L 40)
Both have been closed already for +95 and +130pips.
You can't expect more on the very first day
Thanks to all the contributors to this system.
I want to take one point into discussion:
So far all the modifications in the different pairs all aimed to widen the SL/TP targets. What about the opposite way?
Maybe on some Pairs a 10-20-30 system would strike bigger Win/Loose Ratios?
Greets
BennyFX
i discovered this thread on the weekend and decided to give the strategy a try. Well what can I say. It worked too good to be true today.
I opened positions in the following pairs:
USD/JPY with the original setup (TP15-30-50; S/L 30)
GDP/JPY slightly modified (TP 20-40-70; S/L 40)
Both have been closed already for +95 and +130pips.
You can't expect more on the very first day
Thanks to all the contributors to this system.
I want to take one point into discussion:
So far all the modifications in the different pairs all aimed to widen the SL/TP targets. What about the opposite way?
Maybe on some Pairs a 10-20-30 system would strike bigger Win/Loose Ratios?
Greets
BennyFX
- #1,571
- Jan 21, 2008 6:19am Jan 21, 2008 6:19am
Hi Togu
I trade
GBP/JPY with my settings
EUR/USD with mikelath's settings
EUR/JPY, GBP/USD with PipNick's settings
Thats all.
Naranjoe
As I went through all the pages of this thread on weekend i got pretty overwhelmed by all the modifications. Would be very kind of you to post a short abstract of the above mentioned settings.
I entered my first trades today with following settings:
USD/JPY 15-30-50
GDP/JPY 20-40-70
S/L fpr 3rd postion moved to Break-even when 2nd target was hit.
- #1,572
- Jan 21, 2008 10:52am Jan 21, 2008 10:52am
I really appreciate your work. Thank you all for your effort.
As I went through all the pages of this thread on weekend i got pretty overwhelmed by all the modifications. Would be very kind of you to post a short abstract of the above mentioned settings.
I entered my first trades today with following settings:
USD/JPY 15-30-50
GDP/JPY 20-40-70
S/L fpr 3rd postion moved to Break-even when 2nd target was hit.
Hello bennyFX
For a general overview read post #1.
Here is summary of the various settings:
Mikelath's settings: TP levels 15-30-50pips, SL 30pips, time to placing orders 10pm gmt, 17hr look back.
Pipnick's settings: TP levels 15-30-50pips, SL 30pips, time to placing orders 8am gmt, 24hr look back.
My settings (GBP/JPY only): TP levels 40-80-110pips, SL 60pips, time to placing orders 10pm gmt, 17hr look back.
Naranjoe
- #1,573
- Jan 21, 2008 11:33am Jan 21, 2008 11:33am
Hello bennyFX
For a general overview read post #1.
Here is summary of the various settings:
Mikelath's settings: TP levels 15-30-50pips, SL 30pips, time to placing orders 10pm gmt, 17hr look back.
Pipnick's settings: TP levels 15-30-50pips, SL 30pips, time to placing orders 8am gmt, 24hr look back.
My settings (GBP/JPY only): TP levels 40-80-110pips, SL 60pips, time to placing orders 10pm gmt, 17hr look back.
Naranjoe
Mike's and your setting have the advantage that the orders are already placed when the London session is opening. I'll observe all three of them and pass the trackrecord on to you.
Hi,
Yes, I use D95P-Reverse... and more pairs... all for testing the D95P-reverse technique... since everyone is testing D95P I just want to give a shot to D95P-REVERSE.
I have studied each losing position... and changed the REVERSE technique for the 'normal' D95P for some pairs, and for others keep the REVERSE.
I will continue my forward testing in order to check the most suitable pairs and the strategy for each one of them, in some pairs there will be profits and losses for others... after all... is just testing. After a long testing period I will be confident enough to go for REAL with the correct settings.
Regards!
Christancho
.And let me THANK again whoever who contributed to this system. the EA works perfectly
- #1,579
- Jan 22, 2008 12:47pm Jan 22, 2008 12:47pm
How can I use either of these EAs if I'm at work from 12P EST thru 9P EST? I can't set the EAs since I won't be around.
Thanks.
4thSpace,
The point of an EA is so you don't have to be around.
To answer your question, you setup the EA anytime, tell it when to look back at the hi/lo, leave your computer on with the EA live and let it do its thing. The trick is to leave your computer on, MetaTrader running and connected to your broker when you are not home. The EA will then setup your long and short stop orders at the appropriate time of the day. Hope that helps.