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

  • #321
  • Feb 27, 2008 2:20pm Feb 27, 2008 2:20pm
Quoting BenScoobert
The one in post 165, yes


Thanks Ben!

Sue
  • #322
  • Feb 27, 2008 3:19pm Feb 27, 2008 3:19pm
I spoke too soon!! the H4 picked up a nailed on the eurjpy at 1200 today, 95 pip loss aaaahhhhhh
  • #323
  • Feb 27, 2008 4:02pm Feb 27, 2008 4:02pm
I have been asked by a few people what settings I use etc.
Rather than replying individually ill just post here.

I use flying fish's as it was coded and with nothing changed.
With it monitoring H4 D1 W1 24hours a day.
This month it has picked out 7 trades working out at a 56 pip loss with that 95 loss today.
I was happy with the slight gain as ash had said dont trade during news etc, I just left this totally unattended.

I think the real money to be made with this is on the H1 and fully attended.
  • #324
  • Feb 27, 2008 7:32pm Feb 27, 2008 7:32pm
Quoting BenScoobert
Read the thread from the beginning, it is all answered there
Honestly, I get so many guys emailing me the same question. People really need to learn how to read!
  • #325
  • Feb 27, 2008 7:33pm Feb 27, 2008 7:33pm
Quoting Jarmany
Ash..........your system is good verey good I like it spending my last haour reading all post Im big fan for daily chart and it work for 4 haour too thank alot for sharing this system this is my first post next one will be with chart .........thank
You're welcome my friend.

Please post away!
  • #326
  • Feb 28, 2008 1:16am Feb 28, 2008 1:16am
Another couple of winners on Eur/Usd H1 over the past two days.
Attached Image (click to enlarge)
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  • #327
  • Mar 3, 2008 2:32pm Mar 3, 2008 2:32pm
What a bad start to the month!!
My fully automated pulled out 2 H4 flops

eurgbp at 0800 11 pip loss, I think with the margins being tight it hit the sl due to noise.

usdchf at 1200 33 pip loss, again i think noise sl this as the general trend was a slight gain.

Total: 44 down
  • #328
  • Mar 18, 2008 2:23am Mar 18, 2008 2:23am
Nice 30pips here yesterday on Eur/Usd...
Attached Image (click to enlarge)
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  • #329
  • Mar 19, 2008 9:48pm Mar 19, 2008 9:48pm
Hi Ash;
Thanks for your generosity and patience in sharing this system with us. Been lurking for a few weeks, read the PDF, all entries twice. Couple of questions please. S/R? everybody seems to use different, Pivots, fib., etc. Could you tell what you use? I'm using on demo manual, not using EA. Thanks again for great help and great attitude

Jim
  • #330
  • Mar 20, 2008 2:30am Mar 20, 2008 2:30am
Quoting bigjim1958
Hi Ash;
Thanks for your generosity and patience in sharing this system with us. Been lurking for a few weeks, read the PDF, all entries twice. Couple of questions please. S/R? everybody seems to use different, Pivots, fib., etc. Could you tell what you use? I'm using on demo manual, not using EA. Thanks again for great help and great attitude

Jim
You're welcome Jim, and thanks for your kind words.

To be honest Jim, I tried to keep this system as simple as possible, for beginners. Yes, I trade this system, but not exactly as I outlined in my PDF (for the reasons you mentioned).

S/R and Fibs are an important part of my trading, they work - and I have said before, every trader should learn this aspect, it's adds a dimension to your trading which actually allows you to predict reversals/exits, sometimes to the very pip. Of course it isn't always like that, and when you get a string of losses, (which will and does happen), you'll start to question your method. But stick to it, because over the long term, you'll see it's beauty.

As for pivots, then I never use them... I honestly don't find them anywhere near as effective as Fibs.

Hope this helps.

Ash.
  • #331
  • Mar 20, 2008 8:32pm Mar 20, 2008 8:32pm
Thanks for the quick reply Ash. I liked pivots because they were easy to chart, you could download from many places. Seems everyone has different way to draw fibs. Would you mind posting your indicator and some info of how you do it? I apologize if this sounds like a newbie question, but seen 100 different ways of drawing fibs. Also, anything other than PDF and fibs that make up your system. Thanks again in advance

Jim
  • #332
  • Mar 24, 2008 11:10am Mar 24, 2008 11:10am
Hi Ash

Today started with your system live H1 usdcad eurgbp eurjpy. all successful. Nice system. Many thanks.

Brgs
lang
  • #333
  • Mar 24, 2008 3:20pm Mar 24, 2008 3:20pm
Quoting lang48
Hi Ash

Today started with your system live H1 usdcad eurgbp eurjpy. all successful. Nice system. Many thanks.

Brgs
lang
Are my charts off? Using fxdd Looking at all 3 pairs quoted here i dont have any ao/ac matching switches along with psar.
  • #334
  • Mar 24, 2008 3:59pm Mar 24, 2008 3:59pm
hey tim.... my charts show the usdcad and eurjpy.....but not the 3rd one.....slight differences in broker quotes are likely the reason.... you might have signals we don't and we might have some you don't.....

that's not to say one broker is prefered, cause in the long run there probably isn't a nickels worth of difference....... h
Attached Image (click to enlarge)
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to trade and code, keep both simple... no call to impress....h
  • #335
  • Mar 24, 2008 4:10pm Mar 24, 2008 4:10pm
I feel this is a constant problem like the ac rarely switches one the same bar 9/10 times its the one previous. look at chart
Attached Image (click to enlarge)
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  • #336
  • Mar 24, 2008 4:55pm Mar 24, 2008 4:55pm
hey tim.... yes, the pipnailer signals are definitely among the rare elements in the 'periodic' chart.....

after backtesting various combinations of the 3 , along with assorted other indicators , my conclusion was the best application might be just to include more pairs in the mix...... it's a given the combination will be as rare as polonium.....


we can't really backtest a multipair ea, or at least not easily...... but the same ea could monitor any number of pairs which should increase the overall appearance of signals.....

and of course using multiple timeframes on multiple pairs will increase said signals even further.........h
to trade and code, keep both simple... no call to impress....h
  • #337
  • Mar 24, 2008 5:39pm Mar 24, 2008 5:39pm
Quoting bigjim1958
Thanks for the quick reply Ash. I liked pivots because they were easy to chart, you could download from many places. Seems everyone has different way to draw fibs. Would you mind posting your indicator and some info of how you do it? I apologize if this sounds like a newbie question, but seen 100 different ways of drawing fibs. Also, anything other than PDF and fibs that make up your system. Thanks again in advance

Jim
Hi Jim, I really don't want to enter drawing Fibs and trendlines on this thread, because like you said, it can be discretionary, people use different highs/lows, and draw from high to low or vice versa, etc...

I advise you to study Fibs from the excellent threads on the forum, and adapt it to how you feel fit. But to answer your question - no, I use nothing else, although I am working on trying to to improve this system (a side project).
  • #338
  • Mar 24, 2008 5:39pm Mar 24, 2008 5:39pm
Quoting lang48
Hi Ash

Today started with your system live H1 usdcad eurgbp eurjpy. all successful. Nice system. Many thanks.

Brgs
lang
You're welcome.
  • #339
  • Mar 24, 2008 5:46pm Mar 24, 2008 5:46pm
Quoting RaverStyleTim2
I feel this is a constant problem like the ac rarely switches one the same bar 9/10 times its the one previous. look at chart
True Tim,

I admit this is an issue, that many time 2 indicators line up, and other doesn't. You'll see on many occassions that you would have made pips. But on other occassions you would have lost.

Given the rarity of the signals, it's probably better to open up more charts to look for more setups.
  • #340
  • Mar 24, 2008 9:48pm Mar 24, 2008 9:48pm
Quoting bullish84
drick...I use vt trader I cant right click and save the chart to file....Ive tried also printing to pdf and that just freezes my computer...Any other ideas to capture the chart picture?

just in case here is a sample of my trade until I figure out how to post pix...

my favorite day (my bday) and one of the most profitable days I had this week was on 1/10 at 11pm est (2300)

I entered short at 214.55 which includes my 8 point spread

30 min. tf
macd was in a downswing
awesome osc. was red and declining
chaos accelarator was red and declining
psar was above the candles

I set my stop at the high of the previous candle
I added a .3 lot to each candle for the next 9 candles

I exited at the open of the candle on 1/11 3:30am est. 212.66 for a total of 189 pips of 2.7 lots total....
Hi, I am also using VT Trader platform. Do you have a template that work with VT.
Thanks
Hammoud
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