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

  • #461
  • Apr 6, 2008 1:53pm Apr 6, 2008 1:53pm
Hi SwingMan,
regarding spread calculations I might understand something rather wrong: I allways thought that you use EITHER Bid/Ask prices, where the difference is the spread (not to be added or subtracted). OR you use one of those ( bid for example) and correct this price by the spread at opening of position, and use the same without corrective spread for the closing of the position.

But I might be wrong.

Forex37
  • #462
  • Apr 6, 2008 2:03pm Apr 6, 2008 2:03pm
i tend to think that a slightly larger SL is better, but if i understood the examples provided in the curse of this thread the good spotted trades usually go up/down pretty well...maybe in this case it would be better to have the same potential earn/loss for one single trade...
but i guess it is just a matter of experimenting.
  • #463
  • Apr 6, 2008 4:49pm Apr 6, 2008 4:49pm
Quoting SwingMan
Updated versions 1.4


Little changes in the indicators.

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

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

Help - help lol
how can I open these files > ex4 <

Thanks
  • #464
  • Apr 6, 2008 5:50pm Apr 6, 2008 5:50pm
Quoting Charles
how can I open these files > ex4 <
.ex4 files can you only LOAD in a chart, and not open like .mt4 files.
  • #465
  • Apr 6, 2008 8:30pm Apr 6, 2008 8:30pm
Ash:
There was a long signal on AUS/USD at close on Friday. Do you go long at the beginning of the sunday session, or would you wait until maybe the London session opened up later that night or into the next early morning. Thanks for you help

Jim
  • #466
  • Apr 7, 2008 2:01am Apr 7, 2008 2:01am
Quoting bigjim1958
Ash:
There was a long signal on AUS/USD at close on Friday. Do you go long at the beginning of the sunday session, or would you wait until maybe the London session opened up later that night or into the next early morning. Thanks for you help

Jim
Good question Jim.

Depends which broker you are using. Originally I thought GMT was the best, but even if you are using EST, I don't think it actually matters. Yes you might have different results for some trades, but in the long-term, the results shouldn't vastly differ.
  • #467
  • Apr 7, 2008 3:52am Apr 7, 2008 3:52am
I know it's slightly off topic here (sorry) nonetheless I hope someone can help:

I need the TradeStation formulas for the a.m. indicators. Google did not help
(yet) so far.
Hopefully someone is able to help. PMs are welcome, too.

Very much appreciated.

Charles
  • #468
  • Apr 7, 2008 3:59am Apr 7, 2008 3:59am
Swongman

thank you.

Charles
  • #469
  • Apr 7, 2008 7:49am Apr 7, 2008 7:49am
Quoting Forex37
Ha, ha, good joke!

All the best

Forex37
I know, that's what I was thinking.

Swingman, you're one excellent programmer from what I can tell.
  • #470
  • Apr 7, 2008 10:51am Apr 7, 2008 10:51am
Could anyone tell me the average number of setups across the number of pairs per week. I do not trade with metatrader...this system gives me hope on a consistent EA that produces consistently over time. I just don't see a reasonable number of nailed candles across different pairs trading this system manually. Can anyone give me an idea? 1-3 nailed candles found in average across 5 to 10 pairs per week or some kind of average that you experience with this system.? It seems finding them manually at least on my charting package the setups seem to be few and far between and tell me automating the signals at least through MT4 is a better way to go. Any thoughts or experience to share? The work put in by a few on this forum to automate and the speed of which it happens tells me there are some who have found this worth their time and effort. New to thread. Thanks
  • #471
  • Apr 7, 2008 11:30am Apr 7, 2008 11:30am
my usd/cad daily trade is taking a while lol. Sorry for not posting updates but i got into this trade and daily stuff takes a while. Hopefully it'll still drop.
  • #472
  • Apr 7, 2008 11:39am Apr 7, 2008 11:39am
also, i'm still unaware as what the dashboard equity does?
  • #473
  • Apr 7, 2008 12:11pm Apr 7, 2008 12:11pm
Quoting RaverStyleTim2
also, i'm still unaware as what the dashboard equity does?
I have missed your contributions!

In the posting # 418 and # 420, as in the next few postings I give the explanations.
  • #474
  • Apr 7, 2008 1:35pm Apr 7, 2008 1:35pm
Quoting Pipsnagger
Could anyone tell me the average number of setups across the number of pairs per week. I do not trade with metatrader...this system gives me hope on a consistent EA that produces consistently over time. I just don't see a reasonable number of nailed candles across different pairs trading this system manually. Can anyone give me an idea? 1-3 nailed candles found in average across 5 to 10 pairs per week or some kind of average that you experience with this system.? It seems finding them manually at least on my charting package the setups seem to be few and far between and tell me automating the signals at least through MT4 is a better way to go. Any thoughts or experience to share? The work put in by a few on this forum to automate and the speed of which it happens tells me there are some who have found this worth their time and effort. New to thread. Thanks
Why don`t you just install a demo and watch it for just ONE day. There are plenty of signals in the lower TFs.

Regards

Forex37
  • #475
  • Apr 7, 2008 1:40pm Apr 7, 2008 1:40pm
here is eur/jpy from today. I wish there was a way for an indicator to calculate the high of the nailed bar place a line there and to calculate the TP(with spread) and place a line there. Too lazy to put it on the charts lol.
Attached Image (click to enlarge)
Click to Enlarge Name: tim.gif Size: 15 KB
  • #476
  • Apr 7, 2008 2:08pm Apr 7, 2008 2:08pm
Quoting SwingMan
A little indicator to draw signal arrows, and check historicaly trading decisions.

Because the indicator repaints (sorry...), and in a few minutes the trading is over, please use this indicator only on weekend.
I will try to debug the script in the next week.
.
SwingMan,
is this one still valid or helpful?

Thanks

Forex37
  • #477
  • Apr 7, 2008 3:55pm Apr 7, 2008 3:55pm
*sigh* looks like the usd/cad daily trade was a bust :/ i hate dailies. shoulda stuck with the 15/30m
  • #478
  • Apr 7, 2008 4:56pm Apr 7, 2008 4:56pm
Raver could you please post your chart of the USD/CAD? I don't see the Nailed Candle on IBFX.
  • #479
  • Apr 7, 2008 5:37pm Apr 7, 2008 5:37pm
posted it a few days ago. Here is the candle. still sitting some 70 points wrong way.
Attached Image (click to enlarge)
Click to Enlarge Name: tim.gif Size: 21 KB
  • #480
  • Apr 7, 2008 6:09pm Apr 7, 2008 6:09pm
Ash, looks like FXDD gave signal and IBFX didn't, i have IBFX, don't see it either. How would you exit AUD/USD from 4/4 signal. The amount of S/L from 4/4 candle, top to bottom was 227 pips. Would you let it run for 227 TP, move to B/E after certain profit level, etc. I moved to 10 T/P after it was up 50 pips, as always, exits are tough. If we close before 227, doesn't that mess up our R:R, as we were risking 227. Thanks as always for everything

Jim
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