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Daily95pips

  • #1,701
  • Feb 16, 2008 1:38am Feb 16, 2008 1:38am
Quoting Ykb
Very interesting Naranjoe indeed Is there a particular reason why 2 GMT?

One question to make sure I got this correct: the lookback will be 4 hours longer, i.e. 05 GMT - 02 GMT right?

Keep it up and keep making pips
Hello Ykb,

1.
No, that's just from the backtesting i think this is the better choice.
Look at the post of Arkpip, he has chosen a similar time with a similar outcome on gbp/jpy.

2.
No, LookBackHours are same as the original, 17h (2am GMT - 9am GMT).


Naranjoe
  • #1,702
  • Feb 16, 2008 2:41am Feb 16, 2008 2:41am
Weekly Results:

Total for week ending Friday 16 Febuary 2008: +5pips_______________PipNick:-40pips
***No results for weeks ending Friday 1 & 8 Feb due to moving house***
Total for week ending Friday 25 January 2008:+100pips______________PipNick:-100pips
Total for week ending Friday 18 January 2008:+195pips______________PipNick: +147pips
Total for week ending Friday 11 January 2008: -460pips______________PipNick: -165pips
Total for week ending Friday 4 January 2008: -160pips_______________PipNick:-65pips
Total for week ending Friday 28 December 2007: -12pips
Total for week ending Friday 21 December 2007: +55pips
Total for week ending Friday 14 December 2007: +265pips
Total for week ending Friday 7 December 2007: -90pips
Total for week ending Friday 30 November 2007: -225pips
Total for week ending Friday 23 November 2007: +305pips
Total for week ending Friday 16 November 2007: -32pips
Total for week ending Friday 9 November 2007: +407pips
Total for week ending Friday 2 November 2007: -101pips
Total for week ending Friday 26 October 2007: +415pips
Total for week ending Friday 19 October 2007: +110pips
Total for week ending Friday 12 October 2007: +130pips
Total for week ending Friday 5 October 2007: +288pips
Total for week ending Friday 28 September 2007: +280pips
Total for week ending Friday 21 September 2007: +1050pips
Total for week ending Friday 14 September 2007: -651pips
Total for week ending Friday 7 September 2007: +164pips
Total for week ending Friday 31 August 2007: +585pips

Grand Total: +2608pips__________________________ _________________PipNick: -223pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 25 January 2008:

EURJPY -55
EURUSD +60

Total: +5pips

For the past 25 weeks:

EURJPY +1713
EURUSD +1009

Total: +2722pips

Comment: Very little to get excited about....it's encouraging to see this thread remaining active despite my absence. Equally encouraging are the results being realised by other participants.

Monthly Totals:

Daily95pips:

January 2008: -325pips
December 2007: +218pips
November 2007: +354pips
October 2007: +943pips
September 2007: +843pips
August 2007: +585pips
  • #1,703
  • Edited 11:29am Feb 17, 2008 10:55am | Edited 11:29am
Quoting TomTrader
Dear Middleastern

You may have hit the jackpot here. Based upon your data on the GBP/JPY pair, you say you are hitting the TP=25 approximately 80% of the time. If you have a system that has an 80% win/loss ratio then you have a real money maker.

Where do you have your stop loss set at? If it is at 25, then your score should look something like this:

2 losses @ 25 pips = 50 pip loss
8 wins @ 25 pips = 400 pip wins
-------------------------------------
Net gain = 350 pips (GREAT!!!)

thanks,

TomTrader
Hello Tom and everyone out there,
I apologize if this is a little bit off-topic, but I think it is interesting. I've back-tested two pairs, from Aug 1, 2007 to Feb 15, 2008 (Broker = Alpari. Trading days: Monday to Friday only) using smaller TP's. Here are the results:

EUR/GBP

SL = 30; TP's = 15, 20 & 30
Orders placed at 08 am GMT. Look back hours = 16. Buy stops at High+5; Sell stops at Low-5. The backtesting was done manually on the 1H chart.

.................TP
............15 ...20 ...30
..........n % ..n % ..n %
[+] ...91 74 77 63 68 55
[-] ...32 26 46 37 55 45

Total days tested = 139. Total no-touch days = 16 (No-touch days were not considered to calculate the percentages)


GBP/JPY

SL = 50; TP's = 30, 40 & 50
Orders placed at 08 am GMT. Look back hours = 16. Buy stops at High+5; Sell stops at Low-5. The backtesting was done manually on the 1H chart.


................TP
..........30 ....40 ....50
.........n % ...n % ..n %
[+] ...99 75 91 69 85 64
[-] ...33 25 41 31 47 36

Total days tested = 139. Total no-touch days = 7 (No-touch days were not considered to calculate the percentages)

Comments:
On the EUR/GBP I considered positive days also those that had a positive result at 8 am GMT of the next day, but their TP was not yet hit (and there were many of those). For a qualitative test, I think this does.
This pair has a very low daily range (mean = 43 pips in the last 180 days), and that's why I took it - a pair with a behavior opposite to that of GBP/JPY.

On GBP/JPY, the TP's were always hit. Something I noticed (and for many of you I'm sure this is not news), is that this pair jumps quite a bit on the early hours of the London session. I chose 8 am GMT to place the orders because of my time zone (GMT+2), and it turned out to be a good choice, it seems. On this pair, it may be a good idea to use a small trailing stop instead of a TP in order to lock profits and enjoy some of the eventual big moves.

I think the direction to follow on this approach is to define the TP's based on the average daily ranges of each pair during the last 2 weeks/3 weeks/month (?), to optimize them. It would require a re-check of the daily ranges every two weeks or so to adapt the TP's to the current behavior of each specific pair - If it was trending in the last weeks, expand the TP's. If it was ranging, reduce them.

Well, some food for thought. Comments and suggestions are expected.

Middleastern
  • #1,704
  • Feb 18, 2008 3:22am Feb 18, 2008 3:22am
same question again, why does the ea don't trade on mondays ? i use alpari uk, there is no saterday trading allowed and thats why i get no candle for this day. Wher can i setting up that the ea use for his analysis the friday OHL ?

thanks and regards

sten
  • #1,705
  • Feb 18, 2008 7:48am Feb 18, 2008 7:48am
Quoting sten
same question again, why does the ea don't trade on mondays ? i use alpari uk, there is no saterday trading allowed and thats why i get no candle for this day. Wher can i setting up that the ea use for his analysis the friday OHL ?

thanks and regards

sten
Hey I'm having the same problem.
  • #1,706
  • Feb 19, 2008 9:13pm Feb 19, 2008 9:13pm
Hey guys,

I've been reading up on this thread for a couple of weeks now - this is the first time I've ever put any input into FF at all

I just had a few questions regarding the EA.

Sc David - I went over your settings and have made them the same (I've used EA's before) I've been having trouble understanding your hourly settings - I've read the documents for 'The best times to trade.pdf' and I am guessing that the London session is the most volatile and there for the one that would have the most successful results. You say you set your trades between 5am - 6am GMT - could you please explain to me in terms of settings in the EA - like is the Day Start Hours still 21? Look Back Hours still 17? etc - a picture would be great I am using ODL Securities - I've tried to work it out with the hours and I even downloaded a World Clock, makes no sense to me heh. - however the last two days they haven't triggered at all, and I couldn't figure out why - it wasn't untill I was looking at some pictures of people's settings that I noticed they had the EA running on 1 Hour charts and I thought dang no wonder, so hopefully they will initiate this time around.

I will post my results as time progresses - I am going to trial this on 3 different computers with 3 different settings for 3 months with 6 of the most volatile pairs to see which results are better.

Any imputs on what settings are working best would be great.

Thanks guys and keep up the good work,

Happy pipping.

Bradsta,
  • #1,707
  • Feb 20, 2008 1:05pm Feb 20, 2008 1:05pm
Hi there. I thought I am going to come back to this thread and continue to help it with research, analysis and so on.
.
  • #1,708
  • Feb 20, 2008 1:08pm Feb 20, 2008 1:08pm
I have been toying with Fibo based TPs that is calculated based on the previous days range. Well we will see.
.
  • #1,709
  • Feb 21, 2008 1:09am Feb 21, 2008 1:09am
Hey guys,

I am having trouble getting the EA to work - it's been 4 days now and I have tried different settings each day it doesn't work.

I have gone from a Daily chart with the EA attached to a 1 hour chart with the EA attached, I have Expert Advisors enabled and I have the smiley face.

I don't understand why it's not working - I have tried ODL and now IBFX and the same result. I have the Internet and the computer running 24/7 I have tried restarting Metatrader on both brokers to make sure everything was refreshed and what not.

Can anyone help me understand what I'm not doing right please?
  • #1,710
  • Feb 21, 2008 2:24am Feb 21, 2008 2:24am
Quoting Bradsta923
Hey guys,

I am having trouble getting the EA to work - it's been 4 days now and I have tried different settings each day it doesn't work.

I have gone from a Daily chart with the EA attached to a 1 hour chart with the EA attached, I have Expert Advisors enabled and I have the smiley face.

I don't understand why it's not working - I have tried ODL and now IBFX and the same result. I have the Internet and the computer running 24/7 I have tried restarting Metatrader on both brokers to make sure everything was refreshed and what not.

Can anyone help me understand what I'm not doing right please?
Unfortunatly I am not an EA expert as I never use them. Like to do things manually. Hope others can help.
.
  • #1,711
  • Feb 21, 2008 3:41am Feb 21, 2008 3:41am
Quoting Bradsta923
Hey guys,

I am having trouble getting the EA to work - it's been 4 days now and I have tried different settings each day it doesn't work.

I have gone from a Daily chart with the EA attached to a 1 hour chart with the EA attached, I have Expert Advisors enabled and I have the smiley face.

I don't understand why it's not working - I have tried ODL and now IBFX and the same result. I have the Internet and the computer running 24/7 I have tried restarting Metatrader on both brokers to make sure everything was refreshed and what not.

Can anyone help me understand what I'm not doing right please?
Attempts to isolate errors.

1. Download the Daily 95 Pips (IBFX Fall Ver..mq4 from the attachment Page.
2. Start MT4 without any EA's attached.
3. Attach D95P EA only to one chart (for example EUR/USD).
4. Check inputs of the EA (for test purpose set the DayStartHour to the next full hour of your Broker)

Wait and see if something happens when the hour has begun.
See in the Journal tab of MT4 if there are errormessages.

If it still does not work, please report again.

Naranjoe
  • #1,712
  • Feb 21, 2008 5:17am Feb 21, 2008 5:17am
Thanks Naranjoe - It worked!

Hah - and I think I know why it wasn't working before, it was because the EA magic number was the same on all the pairs I was using. If I am correct it should be working perfectly fine next time it triggers. I have changed the number differently on each pair.

Thanks so much for your time Naranjoe

Cheers,

Bradsta
  • #1,713
  • Feb 21, 2008 9:57am Feb 21, 2008 9:57am
@ naranjoe

any idea for the "monday problem" ?

thx

sten
  • #1,714
  • Feb 21, 2008 12:39pm Feb 21, 2008 12:39pm
Quoting sten
@ naranjoe

any idea for the "monday problem" ?

thx

sten
hm,
i really do not know what's wrong.

Ok, we need some additional information.

How big is the difference from your local time to broker time?
Have you monday when your broker still has sunday?


Naranjoe
  • #1,715
  • Feb 21, 2008 5:19pm Feb 21, 2008 5:19pm
Hey Naranjoe.

What you told me to do worked, for one pair - but when I try to use say 5-6 pairs with the EA, and I change the magic number on all of them so that they are different it doesn't work.

Any hints?

Thanks,

Bradsta,
  • #1,716
  • Feb 21, 2008 8:04pm Feb 21, 2008 8:04pm
Well, I've tried it again - I have checked to see if there were any errors, and as far as the report I got it should be working.

No trades are being placed but if I look under 'Experts' it gives me this:
I wonder if there is a glitch or something - I can't understand why it wouldn't be working.

2008.02.22 12:01:07 Daily 95 Pips (IBFX Fall Version) USDJPY,H1 inputs: FixedLots=0; Risk=0.01; Margin=5; StopLoss=30; UpdateToBE=13; TakeProfit1=15; TakeProfit2=15; TakeProfit3=15; UseTrailingStopOnLastOrder=true; TrailingStop=20; DayStartHour=2; LookBackHours=17; OrderExpirationHours=18; CloseOrdersNextDay=true; Slippage=3; EAMagicNo=156912;
2008.02.22 12:01:07 Daily 95 Pips (IBFX Fall Version) USDJPY,H1: loaded successfully
2008.02.22 12:01:07 Daily 95 Pips (IBFX Fall Version) EURUSD,H1 inputs: FixedLots=0; Risk=0.01; Margin=5; StopLoss=30; UpdateToBE=13; TakeProfit1=15; TakeProfit2=15; TakeProfit3=15; UseTrailingStopOnLastOrder=true; TrailingStop=20; DayStartHour=2; LookBackHours=17; OrderExpirationHours=18; CloseOrdersNextDay=true; Slippage=3; EAMagicNo=156911;
2008.02.22 12:01:07 Daily 95 Pips (IBFX Fall Version) EURUSD,H1: loaded successfully
2008.02.22 12:01:07 Daily 95 Pips (IBFX Fall Version) GBPUSD,H1 inputs: FixedLots=0; Risk=0.01; Margin=5; StopLoss=30; UpdateToBE=13; TakeProfit1=15; TakeProfit2=15; TakeProfit3=15; UseTrailingStopOnLastOrder=true; TrailingStop=20; DayStartHour=2; LookBackHours=17; OrderExpirationHours=18; CloseOrdersNextDay=true; Slippage=3; EAMagicNo=156910;
2008.02.22 12:01:07 Daily 95 Pips (IBFX Fall Version) GBPUSD,H1: loaded successfully
2008.02.22 12:01:06 Daily 95 Pips (IBFX Fall Version) USDCHF,H1 inputs: FixedLots=0; Risk=0.01; Margin=5; StopLoss=30; UpdateToBE=13; TakeProfit1=15; TakeProfit2=15; TakeProfit3=15; UseTrailingStopOnLastOrder=true; TrailingStop=20; DayStartHour=2; LookBackHours=17; OrderExpirationHours=18; CloseOrdersNextDay=true; Slippage=3; EAMagicNo=156909;
2008.02.22 12:01:06 Daily 95 Pips (IBFX Fall Version) USDCHF,H1: loaded successfully

Let me know if you got any ideas guys, thanks.

Bradsta,
  • #1,717
  • Feb 21, 2008 10:32pm Feb 21, 2008 10:32pm
Quoting Middleastern
Hello Tom and everyone out there,
I apologize if this is a little bit off-topic, but I think it is interesting. Middleastern

Apology accepted. :-\

But you know what, Middle? You've found gold :-) and I mean it. Thanks a LOT.
  • #1,718
  • Feb 22, 2008 12:38am Feb 22, 2008 12:38am
Alright - I think I worked it out.
For anyone who may be having the same problems as me, try not using a trailing stop for the 3rd order. Seems to be some sort of glitch.

They all came up on the last hour with no trailing stop - so I dunno...

See how goes

Bradsta,
  • #1,719
  • Feb 22, 2008 12:44am Feb 22, 2008 12:44am
Quoting mikelath
Weekly Results:

Total for week ending Friday 16 Febuary 2008: +5pips_______________PipNick:-40pips
***No results for weeks ending Friday 1 & 8 Feb due to moving house***
Total for week ending Friday 25 January 2008:+100pips______________PipNick:-100pips
Total for week ending Friday 18 January 2008:+195pips______________PipNick: +147pips
Total for week ending Friday 11 January 2008: -460pips______________PipNick: -165pips
Total for week ending Friday 4 January 2008: -160pips_______________PipNick:-65pips
Total for week ending Friday 28 December 2007: -12pips
Total for week ending Friday 21 December 2007: +55pips
Total for week ending Friday 14 December 2007: +265pips
Total for week ending Friday 7 December 2007: -90pips
Total for week ending Friday 30 November 2007: -225pips
Total for week ending Friday 23 November 2007: +305pips
Total for week ending Friday 16 November 2007: -32pips
Total for week ending Friday 9 November 2007: +407pips
Total for week ending Friday 2 November 2007: -101pips
Total for week ending Friday 26 October 2007: +415pips
Total for week ending Friday 19 October 2007: +110pips
Total for week ending Friday 12 October 2007: +130pips
Total for week ending Friday 5 October 2007: +288pips
Total for week ending Friday 28 September 2007: +280pips
Total for week ending Friday 21 September 2007: +1050pips
Total for week ending Friday 14 September 2007: -651pips
Total for week ending Friday 7 September 2007: +164pips
Total for week ending Friday 31 August 2007: +585pips

Grand Total: +2608pips__________________________ _________________PipNick: -223pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 25 January 2008:

EURJPY -55
EURUSD +60

Total: +5pips

For the past 25 weeks:

EURJPY +1713
EURUSD +1009

Total: +2722pips

Comment: Very little to get excited about....it's encouraging to see this thread remaining active despite my absence. Equally encouraging are the results being realised by other participants.

Monthly Totals:

Daily95pips:

January 2008: -325pips
December 2007: +218pips
November 2007: +354pips
October 2007: +943pips
September 2007: +843pips
August 2007: +585pips

Hey Mike glad to see you back....I have been away from this thread also. have you changed any of the rules to your system? and what is pipnik?
Congrats on your results and consistancy also.
Same Whore .... Different Dress
  • #1,720
  • Feb 22, 2008 1:49am Feb 22, 2008 1:49am
Quoting johnedoe
Hey Mike glad to see you back....I have been away from this thread also. have you changed any of the rules to your system? and what is pipnik?
Congrats on your results and consistancy also.
Hi johnedoe.

I'm using the same rules as post#1...the only change I've made is axing USDJPY from the list leaving EURJPY and EURUSD. There has however been a few new ideas presented on the thread that you may want to catch up with...
PipNick uses different settings and was posting some great results for EJ and GU, so I thought to do a comparative with those settings/pairs and mine...thus the D95P and PipNick results.

Mike
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