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

  • #901
  • Jun 9, 2008 8:55am Jun 9, 2008 8:55am
Quoting Ronald Raygun

I don't see an error message in that log.
exactly...but no trades are opened when criterias met...not in one pair but all the charts tht i placed it in..
  • #902
  • Jun 9, 2008 9:15am Jun 9, 2008 9:15am
Try downloading the re-uploaded version (most recent pipnailer2 download).

Don't forget to recompile the file.
  • #903
  • Jun 9, 2008 9:24am Jun 9, 2008 9:24am
Quoting Ronald Raygun
Pipnailer2 follows these criteria:

PSAR turns from buy to sell, AC turns from green to red and AO is green/red.
PSAR turns from buy to sell, AC is green/red and AO turns from green to red.
PSAR turns from buy to sell, AC turns from green to red and AO turns from green to red.
PSAR turns from sell to buy, AC is turns from red to green and AO is red/green.
PSAR turns from sell to buy, AC is red/green and AO turns from red to green.
PSAR turns from sell to buy, AC turns from red to green and AO turns from red to green.

Did I miss something?




I don't see an error message in that log.
Oh, ok, I remember seeing that chart before. I forgot that the rules changed from the original system and all three don't have to change at the exact same time.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #904
  • Jun 9, 2008 10:04am Jun 9, 2008 10:04am
Quoting matrixebiz
.... I forgot that the rules changed from the original system and all three don't have to change at the exact same time.
where does it say that?
  • #905
  • Jun 9, 2008 10:05am Jun 9, 2008 10:05am
Another of my today's nailed candles, this time EURGPB:
Attached Image (click to enlarge)
Click to Enlarge Name: nailed2.gif Size: 28 KB
  • #906
  • Jun 9, 2008 10:14am Jun 9, 2008 10:14am
Quoting matrixebiz
Oh, ok, I remember seeing that chart before. I forgot that the rules changed from the original system and all three don't have to change at the exact same time.

The rules never officially changed, that was just a suggestion, the goal of which was to generate more signals. Personally, I'd just take the original system and deploy it against several pairs instead of crippling it.
  • #907
  • Jun 9, 2008 10:17am Jun 9, 2008 10:17am
Quoting Ohka
where does it say that?
I didn't mean forexmoments changed the rules, just member suggestions for Pipnailer2 changed the original forexmoments rules. No big deal, I'll test it.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #908
  • Jun 9, 2008 10:18am Jun 9, 2008 10:18am
Quoting Ronald Raygun
The rules never officially changed, that was just a suggestion, the goal of which was to generate more signals. Personally, I'd just take the original system and deploy it against several pairs instead of crippling it.
True that
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #909
  • Jun 9, 2008 10:35am Jun 9, 2008 10:35am
Quoting Ronald Raygun
The rules never officially changed, that was just a suggestion, the goal of which was to generate more signals. Personally, I'd just take the original system and deploy it against several pairs instead of crippling it.
ok, so I didn't miss a major change Incidentally, deploying it against multiple pairs is exactly what I do...

cheers
Ohka
  • #910
  • Jun 9, 2008 11:27am Jun 9, 2008 11:27am
Ronald now it runs perfectly.. Thanx...
  • #911
  • Jun 9, 2008 6:15pm Jun 9, 2008 6:15pm
dashboard is beautifully programmed Im guessing the expert for this isnt posted in mq4 because it uses libraries
but id love to see the code I'd love to see ithe code
  • #912
  • Jun 9, 2008 6:30pm Jun 9, 2008 6:30pm
Quoting Ohka
just nailed this candle on the 5-min EUR/USD....

B.t.w: these are the nailed candles I like best: those that signal an entry in the direction of the trend...
  • #913
  • Jun 9, 2008 11:25pm Jun 9, 2008 11:25pm
Quoting Ronald Raygun
I don't know what the problem is Steve, but it's definitely not at my end.

Here is a re-uploaded version of the EA. Try this one, if it doesn't work at all, then I may need to have a look at your setup through CrossLoop

www.CrossLoop.com is a remote control service which allows me to use your computer remotely with you watching so you can see what I do.

Ronald,

Thanks for the EA.

Does that EA initiate a trade for which time frames.

I guess M30,H1,H4,D1,W1,MN would be great.

Is it possible to select the timeframes ? Can you please make an EA with this updates....

Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #914
  • Jun 10, 2008 12:41am Jun 10, 2008 12:41am
First I wanted to thank Ash, Swingman, Ronald and all other contributors for working on and sharing their knowlegde! I like the simplicity of this system - thank you so much for sharing this with us Ash! I'm reading this thread for a week now and finally got through it - great stuff to read!!!!

Is the new EA properly working? Has somebody tested it? It doesn't take multiple orders / multiple timeframes, right? Is it planned to come? Couldn't get the EA from Swingman to run - I think I have wrong settings - it's not taking orders at all.

Have someone tested the two systems yet? Any backtesting / forward testing results?

Cheers,
M
  • #915
  • Jun 10, 2008 1:40am Jun 10, 2008 1:40am
my lil expert


it is triggered by attached indicator RWI
green above 2.5 then buy
red above 2.5 sell

then it checks psar,ao,ac all in correct direction

at 0.20 it trades for $25.00 profit and closes
if you like and want a wage change lots to 2.0 then profit to $250/trade
it will add trades and hedge on its mood

the only differences from the rules are
it only checks psar is below(buy) and above(sell)
not a swap on the spars
this gave more trades on longer trends
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 6 KB
Attached File(s)
File Type: ex4 pipnailer_perkyV1_EA.ex4   24 KB | 1,096 downloads
File Type: mq4 RWI.mq4   4 KB | 1,038 downloads
  • #916
  • Jun 10, 2008 1:42am Jun 10, 2008 1:42am
oh the tsts were on 1 hour charts

usdjpy and usdchf are nice real nice
eurusd is good
havent done a test on gbpusd yet
  • #917
  • Jun 10, 2008 2:16am Jun 10, 2008 2:16am
Quoting forexmoments
Hi, I'm not saying you have to look at every pair and every timeframe, but choose a select few.

For example, the majors are a given, as are the other JPY pairs. Try to look at H1 and above. If you feel adventurous you can go lower!

Ash,

Thanks a lot for this system.

Lot of participation day by day....

Can you please share with us the Pairs which you use to watch the signals for ??

We can Post the graphs once anybody finds an entry !!

Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #918
  • Edited 5:08am Jun 10, 2008 2:34am | Edited 5:08am
Whilst I was programming AO and AC for IQ-Trader and continued with the signal generation code (and always being on the lookout to weed out potential bad trades...) I noticed the following:

When I:

  1. take long signals only when AC is below zero or just turned positive the prior bar...
  2. take short signals only when AC is above zero or just turned negative the prior bar...

most if not all of the bad trades disappear. AO (being the difference between two SMA's) is nothing more than an elaborate momentum indicator, AC is just a 5-period SMA of AO. It makes sense to not take long signals if momentum is high already (AC > 0), better wait for momentum to turn from negative to positive (for long entries).

Granted, this filter rejects quite a number of potentially good trades, so you could use this information also in another way:

 

  1. if the above conditions are not met for an otherwise good entry signal, either reduce your position size, reduce your profit target, or reduce both...

Another way to cope with the fewer signals that are being generated this way is to monitor a larger number of pairs...

Heck, with automation, you can do all of the above...

I'm very curious what you guys/gals think about this, any feedback appreciated.

enjoy
Ohka

  • #919
  • Edited 5:06am Jun 10, 2008 3:26am | Edited 5:06am
Some things to think about:

  1. AO, being the difference between two SMA's (5 & 34), is just a momentum indicator; AC is merely a 5-period SMA of AO. Both indicators give a momentum derived value, which depends on the absolute price value of the underlying and its volatility. Using the output of both indicators is tricky in systems that need to accommodate wildly differing price levels, as is the case in Forex. You might want to consider normalising AO & AC output to a percentage of ATR and work with these normalised values.
  2. Another thing you might want to try is this: AO & AC, as we have seen, depend on SMA's, which invariably creates signals with some lag. Especially the delay caused by the SMA(34)-part of AO is significant. Replacing the SMA's with their 'noLag' counterparts will make your systems a bit more responsive.
  3. Trading ranges are bothering you? What about using AO and AC to confirm that one exists? If both are hovering around the zero-line (you have to determine the bandwidth around it yourself... ) you're in a trading range allright...

Just some things to consider...

Ohka

  • #920
  • Jun 10, 2008 3:45am Jun 10, 2008 3:45am
$3000 with jpy saved from meta 4 as a doc file so i can upload here

max drawdown ( youll see it when you run the expert in visible mode at the top left
was $1800
a bit high but at 2 lots not bad
Attached File(s)
File Type: doc StrategyTester.doc   16 KB | 676 downloads
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