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

  • #441
  • Apr 6, 2008 5:11am Apr 6, 2008 5:11am
Quoting SwingMan

....I'm only a modest programmer ...
Ha, ha, good joke!

All the best

Forex37
  • #442
  • Apr 6, 2008 5:19am Apr 6, 2008 5:19am
Quoting SwingMan
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.

.
Great Job!
Can you post a template for PipNailer TradeSimulator and DashBoard Equity version 1.4 ?

Tnx
  • #443
  • Apr 6, 2008 5:32am Apr 6, 2008 5:32am
Quoting metatsock
Can you post a template for PipNailer TradeSimulator and DashBoard Equity version 1.4 ?
You don't need any specialy templates.
Just take any chart, change the background (to better see the figures), remove the grids and load the indicators.
  • #444
  • Apr 6, 2008 5:36am Apr 6, 2008 5:36am
Quoting SwingMan
You don't need any specialy templates.
Just take any chart, change the background (to better see the figures), remove the grids and load the indicators.
I copy yours ind in \experts\indicators directory but i don't see they in my mt4 list.....can you help me?
  • #445
  • Apr 6, 2008 6:19am Apr 6, 2008 6:19am
Quoting SwingMan
You don't need any specialy templates.
Just take any chart, change the background (to better see the figures), remove the grids and load the indicators.

Dear Swing,
U r doing great so far with the template and programing.."Pipnailer" is such in a great fortune to hav u around! However, I guess most of the SLow guys like can't catch on ur fast improvements in ur version...
I was suggestion that it is better for u to come out with the manual/explanation on the numbers and meanings on ur dashboard...


Thx
Sonic
  • #446
  • Apr 6, 2008 6:40am Apr 6, 2008 6:40am
No guys...
I'm too busy to give explanations...
Maybe is in board a better expert for MT4 to take time for such questions, sorry. You must do three things: try, try and try. Read, read and read about MT4 in the program help.

@metatsock
Because I postet the last indicators as compiled .ex4 files, you can't fount the files in the .mq4 list, only in the Navigator menu "Custom Indicators", and only if you restart the program once you copied the files from this board.

@sonicdeejay
It gives explanations from me, and they are short, because my english is verry short...
The figures in the DBEquity are possible equity values.
To check a figure of the DBE, you must start the TradeSimulator with the pair what you want to test, in the time frame what you want to check.
The results in the Trade Simulator and DBE must be for same parameters identicaly.
I checked a few pairs, and I found 1 case without the same figures. Nobody is perfect, not even I.
  • #447
  • Apr 6, 2008 6:59am Apr 6, 2008 6:59am
Quoting SwingMan
@metatsock
Because I postet the last indicators as compiled .ex4 files, you can't fount the files in the .mq4 list, only in the Navigator menu "Custom Indicators", and only if you restart the program once you copied the files from this board.
I know....but I don't see they in my Navigator Menu even if i have copy .ex4 files in indicators directory and restart mt4.
I don't know why????
  • #448
  • Apr 6, 2008 7:19am Apr 6, 2008 7:19am
Great work on these new tools, Swingman!

One concern I have is that if we start eliminating pairs based on past performance, we run a risk of overfitting the performance curve to just the data we like, without regard for why the historic pattern existed. It seems very arbitrary, like just throwing out slices of the data because we don't the result. It is one thing to say 'avoid longer or shorter timeframes, or 'only stick to the majors for liquidity reasons', but we should be cautious about eliminating pairs from consideration without a reasonable story as to why the method would work on some currencies better than others. My point is simply that there is a risk of overtuning. It is important to remain aware of that risk.
  • #449
  • Edited 7:41am Apr 6, 2008 7:31am | Edited 7:41am
Quoting SwingMan
@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.
Are you trying to give me "life lessons"?
because just so you know you wasted quite some time attepting to do so while all i asked was this answer:
ATR=Average true range
and
yes or no..

Bottom line: if someone asks politely WHATEVER HE WANTS you either answer or dont answer him. You dont go boasting about his wrong attitude.
Btw i made 2 questions, not one. If i also had to receive "life lessons", you could have at least answered both of them.

Other than that great work with your tools..
  • #450
  • Edited Apr 7, 2008 3:06am Apr 6, 2008 7:41am | Edited Apr 7, 2008 3:06am
Quoting assayer
One concern I have is that if we start eliminating pairs based on past performance, we run a risk of overfitting the performance curve to just the data we like, without regard for why the historic pattern existed.
Of course you right, but my capital is limited to few (hundred) thousand dollars..., and I have to eliminate some pairs because I can't trade with my capital 20 pairs in 7 time frames with a 2% risk per trade.
If I take only pairs with good historical results for this system, then I sleep quietly.
I am now in the process to program an EA, perhaps it is today finished. The EA works then day and night, and I need a quiet sleep for my health.
  • #451
  • Apr 6, 2008 7:57am Apr 6, 2008 7:57am
Quoting Postrock
Are you trying to give me "life lessons"?
because just so you know you wasted quite some time attepting to do so while all i asked was this answer:
ATR=Average true range
and
yes or no..

Bottom line: if someone asks politely WHATEVER HE WANTS you either answer or dont answer him. You dont go boasting about his wrong attitude.
Btw i made 2 questions, not one. If i also had to receive "life lessons", you could have at least answered both of them.

Other than that great work with your tools..
- Why not? I'm a verry, verry old men, and you are a verry, verry young men. You are a newbie, and I have 20 years experience in the stock market.
- I hope you have read that the DB Equity works together with the TradeSimulator, and of course the answer for your first question is yes.
- Sorry for me wrong atitude, but I'am a little bit stressed because I want to finish today an EA for this system, and give my job up next week...
  • #452
  • Apr 6, 2008 8:08am Apr 6, 2008 8:08am
Quoting metatsock
I know....but I don't see they in my Navigator Menu even if i have copy .ex4 files in indicators directory and restart mt4.
I don't know why????
Here my templates for 8 selected pairs.

The TradeSimulator has a little problem:
to SEE the results, you must have a histogram bar in his windows.
On the ground of this, if you don't see figures, you must scroll the chart to left, until the numbers are visible.

(I can write the results as comment in the main chart, but the text is to small, and my eyes are not so good...)
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8pairs_dashboard.gif Size: 9 KB
Click to Enlarge Name: 8pairs_equity.gif Size: 10 KB
Attached Image
Attached File(s)
File Type: tpl template_PipNailer8pairs_DashBoard.tpl   34 KB | 873 downloads
File Type: tpl template_PipNailer8pairs_Equity.tpl   25 KB | 798 downloads
File Type: tpl template_PipNailer8pairs_TradeSimulator.tpl   6 KB | 837 downloads
  • #453
  • Edited 9:26am Apr 6, 2008 8:13am | Edited 9:26am
Updated versions 1.4


Little changes in the indicators.

Please watch that the previous templates only work with these indicators.

.
Attached File(s)
File Type: ex4 PipNailer DashBoardEquity_v1.4.ex4   15 KB | 1,117 downloads
File Type: ex4 PipNailer oTradeSimulator_v1.4.ex4   16 KB | 992 downloads
  • #454
  • Apr 6, 2008 9:40am Apr 6, 2008 9:40am
SwingMan thanks a lot. I found your code very interesting and learned from it.

Could You please send source verions of PipNailer DashBoardEquity_v1.4.ex4 and PipNailer oTradeSimulator_v1.4.ex4 ?

It will be very interesting for me and I hope not only for me.

Btw I'm not too young too and have some experience in markets (not 20 but about 12) but still try to learn always if I could .

English isn't my first language, so sorry for mistakes (I'm from Poland so we are neighbour ).

Once again Thank You,

Andrew
  • #455
  • Apr 6, 2008 10:48am Apr 6, 2008 10:48am
Quoting SwingMan
Here my templates for 8 selected pairs.

The TradeSimulator has a little problem:
to SEE the results, you must have a histogram bar in his windows.
On the ground of this, if you don't see figures, you must scroll the chart to left, until the numbers are visible.

(I can write the results as comment in the main chart, but the text is to small, and my eyes are not so good...)
.
Tnx! Now I can use yours great oscillator......
I stay tuned to watch future improvements...I think this is a very useful task to made pips....
  • #456
  • Apr 6, 2008 11:39am Apr 6, 2008 11:39am
Quoting SwingMan
- Why not? I'm a verry, verry old men, and you are a verry, verry young men. You are a newbie, and I have 20 years experience in the stock market.
- I hope you have read that the DB Equity works together with the TradeSimulator, and of course the answer for your first question is yes.
- Sorry for me wrong atitude, but I'am a little bit stressed because I want to finish today an EA for this system, and give my job up next week...
Before i answer let me say that i really respect what you have done so far and really hope to see more of your work.
About our little controversy (and hopefully without wasting more of your time)..i totally accept and appreciate to learn from more experienced people such as yourself (you and other few are the main reason for i have red the whole thread so far). What i hate is when people assume something about me wich i feel to be wrong just because its a common flaw in most other people.

I'll cut my blabber

Just a small yes/no question:
Having so many years of experience in the markets you judge this "pipnailer" strategy as one that could consistently work in a real market environment? Your work so far would suggest that you surely do.
I also think so, but again i have just a few months of experience..
  • #457
  • Apr 6, 2008 12:17pm Apr 6, 2008 12:17pm
Quoting SwingMan
If we take only ATR*factor as limit,

(input parameter 'UseOnlyATRfactors_forSLTP = true')

we get the following results:

.
###############################################################

Swingman - absolutely first class job.

The timeframe H4 changes from negative (previous) to positive (here) just
due to the change of a parameter? Remarkable.

I wonder how this dashboard could be used in realtime trading.

Thank you
Charles
  • #458
  • Apr 6, 2008 12:20pm Apr 6, 2008 12:20pm
I need help for the EA orders!
@all

The calculations and simulations are made without Spreads, and maybe they arn't 100% correct.
In the EA you have Bid and Ask prices. For greather TimeFrames are 2-3-4 Spread points not a problem, but for M5 or M15 the SLs and TPs are close to the entry prices.

As example:

If I have an entry price 100, 5 points spread and I have to set 20 points for the SL and 20 points for the TP, what do I have to program?

The charts are drawn with Bid prices!
e.g. Bid = 100, Ask = 105.

VARIANT 1
Long:
- Entry at Market Price = Ask = 105
- SL = 100 - 20 = sell 80 (loss = 105 - 80 = -25)
- TP = 100 + 20 = sell 120 (win = 120 - 105 = +15)

Short:
- Entry at Market Price = Bid = 100
- SL = 100 + 20 = buy 120 + spread 5 = 125 (loss = 125 - 100 = -25)
- TP = 100 - 20 = buy 80 + spread 5 = 85 (win = 100 - 85 = +15)

VARIANT 2
If I add or substract the 5 points spread to the previous limits:
Long:
- SL = sell 80 + 5 = sell 85 (loss = 105 - 85 = -20)
- TP = sell 120 + 5 = sell 125 (win = 125 - 105 = +20)

Short:
- SL = 125 - 5 = buy 120 (loss = 120 - 100 = -20)
- TP = 85 - 5 = buy 80 (win = 100 - 80 = +20)

My problem is (as example the Long trade):
Variant 1: if I take the SL = 80 at the drawn line 80, the loss ist -25 points
Variant 2: if I egalize the win/loss points to +-20, the SL line is at 85, and not 80 like them in the chart have drawn!


Have you a proposal or preference which variant is better to program?
  • #459
  • Apr 6, 2008 12:40pm Apr 6, 2008 12:40pm
Quoting Postrock
...you judge this "pipnailer" strategy as one that could consistently work in a real market environment? Your work so far would suggest that you surely do.
I dont know.

I have started a week ago with the DashBoard and a few indicators. Yesterday morning I have developed the TradeSimulator.
On the afternoon I had thought to show the equity in a dashboard, because it is difficult to make manually all calculations in a table too.
When I played with the parameters, I have seen that the results are better if I take only few pairs.

Maybe can someone from the board to post here ProfitFactors, and since when individual time frames has been calculated. All data can be calculated for every pair and time frame in the TradeSimulator, but I have no time for evaluations.
As I have previously written, I try to write today an EA, and after a couple of versions, we will know if we can apply the strategy in practice.
  • #460
  • Apr 6, 2008 12:42pm Apr 6, 2008 12:42pm
Quoting Charles
I wonder how this dashboard could be used in realtime trading.
The DashBoard Equity is not for real time, only for evaluations !!!!!!!!!!
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