High & Low 8 Hours (GBP/JPY)

Hi

Todays High 210.31
todays Low 209.56
Do these figures agree with yours ?

Got same Hi Lo .... Long have triggered....
Good luck !!!

which candle do you use?
because I have 210.80 and 209.71 18GMT 12GMT

well not today ..hit SL50...see ya guys tomorrow..

High 210.97
Low 209.75

Hi 210.97 ... hmmm .. how do you get that hi figure ?

its the high of the 05:00 bar + 1 pip + spread

-50 pips and -2,5% in my account.Perfectly normal!!!!!

well..
today HIt SL 50....

monday = -50
tuesday = +100
wed = -50
total = 0

c u tomorrow everybody...

Hello,

For the past week or so I have been backtesting the Nico EA using a variety of combinations to see which one was the most profitable. I am far from an EA expert but the Strategy Tester is pretty much user friendly. Please feel free to share your own perspective. I am not by any means recommending nor advising anyone...this is for discussion purposes only. I will now share the most profitable results(so far) and the parameters used:

Currency: Gbp.jpy
Timeframe: 1hour
Time Period: 10/23/07 to 2/13/08
Broker: InterbankFX
************************
SL-100
TP- 100
Entry Buffer - 8
Start Range - 18gmt
End Range - 1gmt
Number of Resets - 1
Maximum Range - 300
Minimum Range - 0
Allow Limit Orders - False
OnMondayuseWeekendDataOnly - True
CloseEndofDayCandle - 25
EnteronRetracement - False
RetracementafterBreakout - 15 (inactive)
StopLookingForTrades - 19gmt
HoursCloseAfterTradeOpen - 60
Fixed Lot - .1
Risk - 1.0
Money Management - False
MiniLotSizeAllowed - .1
IsAccountMini - true
Trailing Stop - 0
BreakEvenStop - 0
SetAndForger - 0
TradeFriday - True
TradeMonday - True

*******************************

I was one of the original posters on this thread.

I only trade this occasionally, anymore, strictly because I don't want to stay up at night with it and I don't trust robots to trade for me.

I check here sometimes just to see what's going on.

This system is very easy to manually backtest. You can do a month in about 5 minutes.

I just went back over January and February, using the original rules without modification.

January was + 300 pips. If you're using a 2% risk, that is a 12% increase in your account.

February ( so far) is +500 pips. That is a 20% increase in account size.

I may have made a couple of mistakes, but this is real close to accurate.

I seriously doubt there is a purely mechanical system on this board that has that kind of record.
If you check the ones that claim to, you'll find remarks like: "I didn't take this trade because of the resistance at x", or something similar. There is nothing wrong with that, but it isn't mechanical.

I don't fully understand the modifications I see here, since the original rules work.
Trade it however you want to, but don't lose sight of the system as it was originally written.

hey bill what systems do you trade then???

My main system is a daily system I bought several years ago. I'd give the name of it, but it would look like I'm spamming.

I've been trading this system for the past few weeks, using harold's rules.
http://www.forexfactory.com/showthread.php?t=66210

I also trade the Cowabunga system. I have alerts set up on it. They work about half the time. When they do work, I'll take a trade on it. It's on another forum. Google it and you'll find it.

its thursday today...good luck guys...

ps: cowabunga is another nice system..but since i have to go to work and cant check all the time so have to skip that system...

north Finance....

HI = 210.47

LOW = 209.60

hope today can make us profit....

high 210.48 triggered
low 209.68

buy on trade....

this system is working and has worked for some time...however i have done a study back many years and prior to 2007 it was a huge loser 2006, 2005,2004...
for those of you who follow the markets long term we know we see cycles, 2003-2007 we were in consolidation and or gentlr sloping movement with much smaller dailyy ranges.
SInce 2007 we have seen more volatitity and bigger ranges.....therefore make hay while the sun shines..BUT do not think it will work forever as it wont...

on what TF`s did you do your study on, the original 18:00 - 02:00?

+100 on buy