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

If we take the values for SL and TP as 'ATR * factor', the results changed (please check also other factor combinations...).
(ATR period = 21)

Just a remark:
Begin_Backtest is setted to '2000.12.01', but you can see the real begin of trades ('FirstTradeDate') in the TradeSimulator. This is for the most time frames higher!
.

Wow SwingMan, Very nice work! Congrats to you

Strange that H4 time frame produced the worst results...
Which is the period of time that PipNailer DashBoardEquity_v1.1 shows the simulated results for?

Cheers,

A1Cruiser

WHAT??????
I hope I have not understood the question!

In the first title row you SEE the time frames: M5 M15 M30 H1 H4 D1 W1
To calculate manually such results (19 pairs x 7 TF = 133 evaluations in a few seconds) you need actually many, many hours...

Yes SwingMan, you are a real Meister, very good. Still U are 2 fast 4 me! I still fight with PipNailer Dashboard_v1.5. Attached is a is my implementation problem on the chart: For currency 14 the text (EURUSD) is scrambled. The Digits of the prices are also unreadable and the intermediate signals strange - but only in that row.

Thanks

Forex37

PipNailer TradeSimulator and DashBoard Equity version 1.3

I think that you have now enough to make evaluations, and here is the last version (for today...).
- I added up the equity points and the averages.
- Please save both indicators in the folder '...\indicators'

With the parameter 'Take2ParabolicSignals = false' is also possible to check my version PipNailer2P (with 2 Parabolics).
But, I must admit that me version is much worse than the original , and you can forget it...
THE ORIGINAL RULES ARE THE BEST!

Remarks:
- The results from me posting #420 are calculated with the ATR factors 1.0 and 1.0.
- The current results are calculated with the ATR factors 3.0 and 2.0
- The programmed rule for SL and TP is: if the difference Close/HiLo < ATR*factor, take as limit ATR*factor.

.

If we take only ATR*factor as limit,

(input parameter 'UseOnlyATRfactors_forSLTP = true')

we get the following results:
.

SwingMan, that honest remark shows your great personality. I don`t know of mny people on these boards to admit unfavourable results.

Thanks for your generous sharing.

Regards

Forex37

Surely are you right, BUT "a posed a problem is half solved", and you must know how MT4 is working...

The arrows and texts are OBJECTS.
If they are funny characters in the DashBoard, you must go with the right mouse in the chart in "Objects list", delete all objects, and restart the indicator. That's all !

Hi Pip Nailer:
Dumb question I know, I haven't figured out how to add your template, so I just added PSAR that comes under custom indicators. When compared to PSAR Color from page #40 and the dots were quite different, any suggestions? Also my candles aren't always the same as yours. Do I have to use your template, or have you taken the standard values with mt4 and chaged them? Thanks to everyone for patience with newb question.

Jim

Sorry, my ao and ac indicators are showing same colors, ignore that in last post. Thanks

SwingMan

Thank you for sharing all your Dashboards especially the Equity Dashboard. What an awesome tool for optimizing a strategy especially finding the best SL and TP!

I need a bit of clarification concerning the ATR factors for SLTP. If I've selected ATR SL of 3.0 and ATR TP of 2.0, does that mean that my TP is twice the 21 period ATR and my SL is 3 times the 21 period ATR for that particular time frame? Is this a set and forget MM where the SL remains static throughout the trade or is it manually trailed at the end of each time frame, keeping it 3xATR from price?

Thanks again for your contributions.

@ chazbo 3071


If I've selected ATR SL of 3.0 and ATR TP of 2.0, does that mean that my TP is twice the 21 period ATR and my SL is 3 times the 21 period ATR?
Yes.

Is this a set and forget MM where the SL remains static throughout the trade
Yes.

or is it manually trailed at the end of each time frame, keeping it 3xATR from price?
No.

PipNailer DashBoard Equity version 1.4

I have simplifiyed a bit the layout, and I calculated the total for all of equitys time frames.
.

The advantage with version 1.4: when we take out the pairs with losses in all time frames, then remain only the winners !
.

An other example:

if we take the ATR factors 3.0 and 3.0 for all pairs (with the input parameter UseOnlyATRfactors_forSLTP = true), and then eliminate the "loosers", we have the following evaluation:
.

I think that a good strategy would be to trade only 8 pairs, in 6 time frames.

Evaluation 1 with ATR, evaluation 2 with difference Close/HiLo.
.

hi there..i think im missing something..
first are theese numbers in the latest pics simulated gains/losses? If that's it i think the results are very good..48 wins and 10 losses..very good!!

secondly what does "ATR" mean? (sorry im still a newbie)

SwingMan

Using your Equity Dashboard and/or Trade Simulator, would you be able to determine the success of a MM strategy using Psar for stop losses, without setting a TP and letting the trade run until being stopped out by Psar SL?

Thanks

Am I seeing this right, the AUD/USD signalled a long starting with the next daily candle? Thanks for your help making sure I have this right

Jim

Sorry, but this is a thread from @forexmoments about PipNailer. I'm only a modest programmer and I cant give to many explanations (my English is cruel...).

@Postrock
If you are a newbie, the first thing is to read a (e)book about technical analysis...
(If you drive a car and ask a policeman what mean right driving, then you can already experiencing something. In Forex is similar so.)

Instead to ask, you could search in Google, and you found soon:
http://stockcharts.com/school/doku.p...true_range_atr
If you dont have the time to informed you, do not expect that other have time to give you such explanations.

@chazbo 3071
I programmed all the PipNailer things more coincidental for a good friend of me, and almost exclusively for the original rules.
Surely is possible to make other evaluations. But I make such things only if I see a few manually results (from you or other users).

@bigjim1958
Without posting a chart, I cant give you a qualified answer. The arrows appear only to the next open.
Sure, for AUDUS/daily we get tomorrow a long signal for the current candle from today...