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

i've been currently using 1:1 so. i check my stoploss, then use the same amount of points+spread as my TP. this is my understanding how the 1:1 stoploss/tp is supposed to be used. But, you never go broke taking profit so if you're up 50 and you wanna set your new stoploss to atleast get 10, you'll at least be not making 0 or negative points lol.

so with ibfx not showing a trade on usd/cad i wonder if i should exit my trade. i guess that would be why i'm 70 points down lol.

Thanks Raver:
Everyone, what do you think about ATR, maybe a percentage, any suggestions, Ash, anyone? Thanks for your patience with a newbie
Jim

Does anyone have this alert for GJ 4Hr? coz mine dont have.
im using latest template n ex4 from swingman and im using ODL.

What a shame the nailed pip on the daily didn't play out according to the tight stop loss rules. Looks like it might now, though, with price action on H4 candles on my chart and also a nailed pip on the H1 (so far).

Worth keeping an eye on.

Im not sure if u mean that the first red vertical bar should be a "nailed" candle..if that's the case i can tell you IT IS NOT..all signals have to change ON THE SAME CANDLE..

not the first huge red candle but the second one...well if i understand it correctly...new candle must be below PSAR and both AO must be red...right? or i miss something here??

..and guys if u dont mind me asking, which version of ex4 from Swingman u guys using??it seems different version have different result.

EurAud 5m ignore the red line going across it means nothing.

aud/usd 1h. I know i've been too draw the lines for tp/sp. forgive me. i'm also at work and switching computers a lot.

eur usd 7 pips not even 10 minutes
Blue Line Entry
Red line Stop Loss
Green line TP(7 pips plus spread, and i think my line is off by one point. matters not.)

Excellent results Tim!

Well said Swingman.

I am now currently testing this. But on first impressions the results looks freaking awesome.

Hi Ash,

Thank u for sharing your trading system. It's pple like u who make this forum a success. i have just completed reading this tread.

If u dont mind, i have some questions for u.

1. you advised us not to use this system when there is news/data coming out, do u mind sharing what kind of news/data you avoid?

2. you also mention that u take into account fundamental analysis when considering a trade, could u elabrate on then different fundamentals u take into account?

3. other than then entry rules u shared with us in the pdf file and the fib, do u have any other rules u take into account?

4. this question is for u and for anyone who can answer. does anyone have results, whether detailed or other wise, like trade logs or something like that to see how the acutual trading results are like.

i m so sorry for troubling you guys, once again ash, thank you for ur kindness.

Andrew.

The calculations on the weekend, I made because it was not live courses.
Surely are the results of this DBs not 100% correct, because I dont use Spreads, and e.g. if it gives a buy signal and after two bars comes a sell signal, the first trade wasnt closed.

I have programed an EA in a first version, with what we can do better backtests.
The results are interesting, and with optimisation of the ATR factors I received e.g. ProfitFactors 1.4 from an initial PF of 1.1
If someone will to make some searches with the EA and to post hear, I can prepare a version for backtests (the backtester dont work identical with our trading platforms).

that cad trade killed me though. I'm wondering if i should use ibfx demo to run the dashboard cause ibfx seems to pick up all my winners and avoided that loser. I'm just wondernig how often thats gonna happen where i'm gonna have losing trades cause of fxdd but woulda been fine on ibfx.

Tim:
You should get IBFX demo, you'll be on same page as Ash. Everyone on the thread should consider.

Jim

Cad just wants to taunt me.

here is eur/chf 15m i'm in.
Blue Entry
Green TP+4 Pip Spread
Red Stoploss 6 pips

TP hit BTW.

EurUsd 5m I'm in
Blue Entry
Green TP+2 Pip Spread
Red Stoploss 9 pips