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

what sucks is this is my usdcad pic. maybe i should use ibfx demo and place trades into my account.

Hi Can You Explain The Enter Of The Candle
Is It Just When The Dot Of The Par. Shows Above Or Below
The Candle That You Go In At That Moment.

Also Can You Use Gby/jpy It Moves More

Thanks

Ash;
Sure did catch it, thanks for everything you do. Quick question, the sl is the difference betwen the low of the nailed candle 1.0159 and the close 1.0183 or the high 1.0186? It's only a few pips, but has been big difference on other candles. Once you reach target, do you trail stop? Thanks
Jim

Weird, what broker were you using?

Hi Tcmm, the rules are clear in the PDF, but to explain again - all three indicators need to be aligned on the same candle.

Take a look at this USD/CAD trade yesterday on the Hourly.

I'm using FXDD. same one that signaled me a eur/cad d1 sell that failed(i posted that trade). maybe if i had trailed a stoploss after breakeven it would have been ok but just taking it as 'its gonna earn all points or lose all the points' i got rocked. I know no system can be 100% but I'd to at least see a system give the same signals on different brokers.
Like I said, I'm thinking about perhaps doing an IBFX demo and just placing trades into FXDD to try to alleviate this. Just wondering, for those NOT using fxdd are you guys seeing the same trades as I? Or is it just some as with my case not seeing the hourly on usd/cad on fxdd but it being there on ibfx.

Hmmm.... looks like a good trading systems i think i'm gonna try it on my demo...

thank's ash for sharing this system and swingman for the dashboard....

Hi Ash, I came across this thread just over a week ago. First off I'd like to thank you very much for your insight and system. (I just signed up for the forum Thursday, so I could not post until I got 'Approved' yesterday evening). So, ... Thank you very much!

I've been quite busy over the past week doing some very tedious historical research on your method, manually, on the four major USD pairs as well as on a couple of other pairs. (EUR/USD, USD/CHF, GBP/USD, USD/JPY, USD/CAD, & AUD/CAD) These are my findings for the period starting from the beginning of this year up until the end of March on the 1 Hour charts only. Just remember that with every cloud comes a silver lining.

Data: (Using the 'PipNailer' system as recommended) No human intervention.

Number of 'Nailed' Candles per pair: 12 to 22 (Least being the USD/CHF with 12, most being the EUR/USD and USD/CAD with 22 each.)
Total number of 'Nailed' Candles: 102
Total number of Winners: 44 (Taking profit) :-(
Total number of Losers: 58 (Getting Stopped out before taking profit)
Winning percentage = 43% (This has been pointed out by someone else in a previous post that had also run some tests)

Now don't go away mad everyone, and before everyone starts with the 'yea, ...but' keep reading...

Anyone that spends this much time going over data manually is sure to notice a thing or two. And I have.

Every (or almost every) 'Nailed Candle' in the system has very little to no wick (if you're shorting) or tail (if you're going long). This got my attention and prompted me to research everything that I just did (same pairs and time frame) all over again with a very slight modification of the PipNailer system that Ash was so kind to provide us with. (By the way, if I haven't already done so, ...I know I have, but ...thanks again Ash for sharing your system.) These were the results:

This is the 'silver lining' part!

The Data: ('PipNailer' system with slight modification)

Number of 'Nailed' Candles per pair: 12 to 22 (This hasn't changed)
Total number of 'Nailed' Candles: 102 (Same, of course)
Total number of Winners: 87 (Taking profit) :-)
Total number of Losers: 15 (Getting Stopped out before taking profit)
Winning percentage = 85%

The Modification:

- One has to enter a trade right away (in the proper direction of course) as soon as the candle is 'Nailed'. This of course means that the AO, AC and P-SAR all have to change to the same color at the same time from a different color (as Ash has tried to impress upon us numerous times).
- Do not wait for the candle after the 'Nailed' candle to place your trade.
- Enter the trade with a 30 PIP S/L and a 30 PIP T/P.
- Results will be as noted above. 85% of the time you will be in a profit situation!

The Humanity:

Since Ash was so kind as to share his system with all of us, and hayseed and Flying Fish were kind enough with their EA contributions, as well as Thunderwolf for the P-SAR Color Alert, I thought it only ethically and morally correct to share the findings of my research and modifications.

I was wondering if it would be possible to acquire an EA with the modifications that I have indicated above (being able to adjust the T/P & S/L would be a nice feature)? I'm not much of a programmer and Ash, if you would like to keep your system intact the way it is, I completely understand. That being the case, I would be interested if someone capable of programing an EA could get in touch with me, or refer me to one. (I need some sleep)

Again, Thanks everyone for your contributions. I will continue with my research and testing on other pairs and keep everyone posted. I tend to just stick with the 1 hour charts, as these are the ones I am most comfortable (and successful) with.

Goss

Hi Does the dot of the par. have to be right over close to the candle to enter. What about if the dot is higher up can you still enter?

Thanks

you enter after the candle closes. period. when all 3 change on same bar. period. original system.

Goss,

Thanks for all your work and sharing the results with us.

Yes, an EA with your criteria would be very nice.
Too bad I am not a programmer, I would work on it.

Regards

hey goss..... thanks for your thoughts..... in reguards to the ea from post 58, to achieve your goals we would just roll back the bar setting by 1.... it's common to use 'shift +'...... that would involve using the current yet unfinished bar and would very likely give some false signals..... the current bar is subject to repainting till the bar closes.....

i've toyed with many methods to improve results here.... from the use of buy and sell limit orders to rewriting both the ao and ac indicators......

the awesome oscillator is nothing more than a moving average cross involving the 5 and 34 periods.... the accelerator oscillator is just a 5 period ma of the awesome oscillator..... put those both together and you have the macd indicator of 5,34,5 based on the price median.....

so in real terms your just looking at a macd of 5,34,5 instead of the common 12,26,9....

both the common awesome and accelerator are written in a manner that does not allow us to vary the values so we are locked in to 5 and 34.....

once we rewrite them we can use our new ao and ac versions in the ea to see if we can develope an edge......h

Gos,,
care to show the method with slight mod..with the help of graph??


sonic

Please read my posting #458, page #31.
I have written an EA to test different ideas.
Someone needs to make backtests and optimization with the Strategy Tester, and to post the results here, because I havent the time.
If you can do this, I can post today the EA, because nobody was willing to do this until today.

To Hayseed:

Your observation of AO & AC related to MACD is very interesting..this shows that u clearly understand what the meaning of the indicators.

I will try update my EA submission earlier to this simple MACD.

To everyone:

Did anybody try the EA on back test? Some comment on the correctness of entry and exit?

PipNailer EAtester_v1


I hope you can use this EA to evaluate the PipNailer rules or variants.
It is also possible to use lots optimized.

My Profit Factor results for EURUSD, H1 (aprox. 50 Trades from 2007.07.30):
(Please check also the DrawDown numbers for different parameter settings!)

- Original rules, PF = 1.52
(ATR factors = 1)

- Use Parabolic Stop Loss, PF = 1.52

- Use fix stops for SL= 30 and TP = 30, PF = 1.21

- Use ATR factors for SL and TP, after optimization(!), PF = 1.96
(ATR factors for SL and TP = 2.4)

- The same, with Parabolic Stop Loss, PF = 1.65

i'm willing to play around with the EA but i'm not a big automation user and am having difficulty. its in experts folder but when i pull up navigator its still greyed out and when i load strategy tester it doesn't do trades lol. such a nub on eas lol

You can use the EA on a demo account, but you must wait a few hours until the markets open. Are you not curious to know the truth about the system?

lol think i'm a little lost. just saying its in my fxdd/experts folder and its greyed out/not letting me use strategy tester. which is what i thought we were doing lol

Hi Swingman,

Attached my test using FXopen MT4

from Jan08 till March08

For test, i like to put small deposit USD200 and see whether the account get burn or not.

Seems within 3 months >100% return.

2nd test from Jan07 till December 07
results really swing but net profit ~80% for 2007.

3rd test from Jan06 till December 06
~100% for 2006

very nice EA...