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

  • #381
  • Apr 2, 2008 1:22am Apr 2, 2008 1:22am
Quoting Beman
Hey forex moment great sistem here, really really interesting, got a question for you, have you ever tought to use your sistem not to enter in a trade, but to exit with it? let's say we are in a nice trend, your sistem would give us a nice exit
Possibly, sometimes we'll get excellent exits, other times the exits will not be that good, and will not yield that many pips.

To be honest I haven't tested different methods of exits for some times, it's something on my "to do" list.

But I'd appreciate it if other members can start testing other exit methods. My 1:1 ratio is cool for the meantime, but if we can increase the reward:risk ratio, this will be the best system on ForexFactory.
  • #382
  • Apr 2, 2008 2:56am Apr 2, 2008 2:56am
Quoting SwingMan
Sorry, but you must learn to use MT4, this is the first thing to do!
- copy .tpl in the folder "..Main\templates"
- copy .mt4 in the folder "...Main\experts\indicators"

Start a chart and load via menu point "Charts\Template", or the template icon, your desired template.
#################################################

Thx
  • #383
  • Apr 2, 2008 10:02am Apr 2, 2008 10:02am
Quick usdjpy 15m, worth a couple pips plus seeing where it rides.
Attached Image (click to enlarge)
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  • #384
  • Apr 2, 2008 10:34am Apr 2, 2008 10:34am
gpyjpy 5min. i dont like the 5min that much, kinda risky but i just take profit/loss quicker than on the 15.
Attached Image (click to enlarge)
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  • #385
  • Apr 2, 2008 11:20am Apr 2, 2008 11:20am
more examples the better? lol guess i can slow down. but swingmans dashboard makes it so easy!
Attached Image (click to enlarge)
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  • #386
  • Apr 2, 2008 12:19pm Apr 2, 2008 12:19pm
Not the most beautiful play but would have gotten 1:1+ if you stayed in. Eur/jpy 5m. Please let me know if anyone feels i'm flooding this board. but i feel the more examples the more people will be interested the more the thread will continue and with the dashboard, there is no reason why anyone should be missing out.
Attached Image (click to enlarge)
Click to Enlarge Name: tim.gif Size: 21 KB
  • #387
  • Apr 2, 2008 1:49pm Apr 2, 2008 1:49pm
More 1:1 on usd/cad 15m. could go down more who knows.
Attached Image (click to enlarge)
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  • #388
  • Apr 2, 2008 2:37pm Apr 2, 2008 2:37pm
Quoting RaverStyleTim2
...and with the dashboard, there is no reason why anyone should be missing out.
Thanks for your charts! Can you please post also trading results, and if you use the original SL/TPs, or other rules.

If I see that the results have the chance to remain positive, is possible to programe in the next weeks an TradingSimulator and an EA, if you think to need an automatisation.
  • #389
  • Apr 2, 2008 2:46pm Apr 2, 2008 2:46pm
I am currently using 1:1 risk. I just rechecked the rules and apparently i was doing it wrong. what i was doing was taking the opening of the nailed candle and the high/low of the previous candle. That would be the stoploss and the TP. All charts have done the same so.
I will now switch my stoploss to the top of the nailed candle and will now post results as well.
  • #390
  • Apr 2, 2008 2:53pm Apr 2, 2008 2:53pm
Iff someone can make an EA for this I would love to test it cause it shows alot of potentiol.
Inflation in things we need, Deflation in things we want.
  • #391
  • Apr 2, 2008 2:54pm Apr 2, 2008 2:54pm
Most Recent Aud/USD 5min
Open(blueline) was .9146
Stoploss(redline) .9151 so 5 pips
TP was 5 Pips(in green line, for some reason text did not show on picture)
Movement had to go a total of 9 points(5 for TP 4 for spread)
Exit was .9137

Open was .9146 Exit .9137 Totaling 5 Pips. Not a biggun but, good for 5 minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: tim.gif Size: 21 KB
  • #392
  • Apr 2, 2008 4:15pm Apr 2, 2008 4:15pm
lol! a daily nailed bar. here is the pic:not taking this one cause i'm not sure about the system on daily bars nor do i like the huge drawdowns on long trades but i'm gonna post it for fun.

Entry(blue Line) is 1.7154
Stoploss(red Line) is 1.7218 so 64 Pips
TP(green line) is 1.7082 so 64 pips
Movement has to go a total of 72 Pips(64 for TP + 8 for spread)


Entry would be 1.7154 exit should be 1.7082
Attached Image (click to enlarge)
Click to Enlarge Name: tim.gif Size: 15 KB
  • #393
  • Apr 2, 2008 7:44pm Apr 2, 2008 7:44pm
From a PM:
Quote
Currently, the alert pops up at the end of the nailed candle. My idea is that once the indicator calculates the ao/ac being the same color, how about having the alert pop up once the psar is hit in that direction. That way, the alert is saying 'Hey, at the end of THIS candle, no matter how far away it is, at the close of the candle open the position' instead of 'hey open it now.' This way, ideally most of the time there would be plenty of time to open the chart, analyze, set up your order, before you have to execute.
For this idea, you have still the solution in the DashBoard : you can set in the Inputs "ShiftSignal = 0"!
I'm not sure if this works properly, but you receive signals when the three conditions (SAR positive, AC, AO green = long) are identicaly for the LAST BAR (Shift=0). If in the next minute one of the conditions changes, the signal disappear.
Please check this parameter setting.
  • #394
  • Apr 2, 2008 10:05pm Apr 2, 2008 10:05pm
Dear Swing,
The dashboard is such a great help for me...
I have a question...please refer to the attached pic,

Circle 1, has all arrows red and sell signal....

Circle 2, has all arrows reb but no signal....


May I know what is the difference?? Thx in advance!!!

http://i26.tinypic.com/2uiarmr.jpg
  • #395
  • Apr 3, 2008 1:46am Apr 3, 2008 1:46am
Quoting RaverStyleTim2
lol! a daily nailed bar. here is the pic:not taking this one cause i'm not sure about the system on daily bars nor do i like the huge drawdowns on long trades but i'm gonna post it for fun.

Entry(blue Line) is 1.7154
Stoploss(red Line) is 1.7218 so 64 Pips
TP(green line) is 1.7082 so 64 pips
Movement has to go a total of 72 Pips(64 for TP + 8 for spread)


Entry would be 1.7154 exit should be 1.7082
Great spot Raver! I hope you took this trade live!

I was using IBFX, and my TP was hit a few hours ago.
  • #396
  • Apr 3, 2008 2:33am Apr 3, 2008 2:33am
Quoting forexmoments
Great spot Raver! I hope you took this trade live!

I was using IBFX, and my TP was hit a few hours ago.
64 pips in a making??
  • #397
  • Apr 3, 2008 3:18am Apr 3, 2008 3:18am
Why do some signals vanish soon after they appear?
  • #398
  • Apr 3, 2008 3:49am Apr 3, 2008 3:49am
@sonicdeejay
- The little arrows means that you have and you can SEE positive or negative fullfiled conditions for SAR,AC and AO.
When you have a big signal arrow with te entry values, you DON'T SEE the fullfiled condition, because this is the situation with contrary conditions for the previous bar.
If you will learn to programe, you must learn to become alone from a question the half of the answer...!



@apume
- If you don't describe what happened, how can I give you an answer?
I think that if you see a current signal for a 5 minute bar, in the next 5 minutes you don't will to see old signals, and you will see only new signals and arrows.
OK, if you will check older signals, this gives in the alert window list, or on the page with expert messages.
  • #399
  • Apr 3, 2008 3:57am Apr 3, 2008 3:57am
My 1:1 ratio is cool for the meantime, but if we can increase the reward:risk ratio, this will be the best system on ForexFactory.[/quote]
##############################################

Better than: Simple methof of scalping....................... by Imran Sait?
  • #400
  • Apr 3, 2008 4:01am Apr 3, 2008 4:01am
but i feel the more examples the more people will be interested the more the thread will continue and with the dashboard, there is no reason why anyone should be missing out.
###############################################

You are right - the more the better.
What do you mean by "dashboard"? Must have missed it (or missunderstood).

Thanks
Ch.
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