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Daily95pips

  • #1,881
  • Jun 14, 2008 11:23am Jun 14, 2008 11:23am
Read the thread, lazy freeloader.

Quoting worldreview
Hi all,
Would you provide me EA to trade all pairs for this great system?
tks
  • #1,882
  • Jun 14, 2008 12:44pm Jun 14, 2008 12:44pm
hi
witch is the last ea ?? many versions posted .could anyone please direct me to the latest one
thanks
  • #1,883
  • Jun 14, 2008 3:42pm Jun 14, 2008 3:42pm
Quoting imad
hi
witch is the last ea ?? many versions posted .could anyone please direct me to the latest one
thanks
Click on the paperclip at the top right to see all the attachments for this thread. Then select the EA from Jan 31st and choose the one for your broker. This will ensure that the EA timings matches your brokers timezone.

Jeff
  • #1,884
  • Jun 15, 2008 4:54am Jun 15, 2008 4:54am
Quoting mikelath
Hi all !

After experiencing a poor internet service for some months I'm finally back !

I'm using an FXDD demo account.

I'm trading GBPUSD and EURJPY with the following settings:

DayStartHour: 0
UpdateToBE: 30
TakeProfit: 15, 30, 50
DeleteOppositeOrder: False

..and GBPJPY as above except:

UpdateToBE: 60
TakeProfit: 40, 80, 110

All the other settings are default as per the last posted version of the EA on the 31 Jan 2008.

Happy trading !

rgs,
mike
Hi Mike

Congratulations on what looks a most interesting strategy, and thanks to you and the others for your tenacity on the testing and publication of your results !

I have loaded the EA's successfully, changed the inputs to your settings as above and will now wait and see ... I'm on demo for the moment but based upon the testing that has gone before, once I am happy with the settings etc will go to live.

I just have a couple of questions for you :-

a) I have noted that you have changed the DayStartHour to 0. Should everyone do that, or is that a function for your broker settings ? I am using Alpari (and the relevant EA) that has this default at 23. ie should I keep this or change to 0 ?

b) Are you now trading live ?

Regards

Jeff
  • #1,885
  • Edited 10:32am Jun 18, 2008 10:28am | Edited 10:32am
Hi Mike, I hope this thread is still alive. I did a little data gathering just to see what this thing can do - hey, looks impressive. ps: Sorry for the poor image quality, the bmp was to big. Don't know how to get a quality picture that fits the limits of the forum. Note also, I just took the end of day as IBFX defines it and went back 24 hours.
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  • #1,886
  • Jun 18, 2008 12:10pm Jun 18, 2008 12:10pm
Can some one attach the EA file associated with this strategy please. Wud like to try this one.
  • #1,887
  • Jun 18, 2008 12:51pm Jun 18, 2008 12:51pm
Quoting spuspala
Can some one attach the EA file associated with this strategy please. Wud like to try this one.

see paperclip upper right or try reading thread....r u serious dude?
  • #1,888
  • Jun 18, 2008 9:57pm Jun 18, 2008 9:57pm
I have been using efx/mbt as my broker for several years,I am partial to the ecn format. I have come across hotspot fx who is also an ecn broker.They now offer mt4 as a part of there package.However,they have an additional digit in there quote....example gbp/usd may read 1.95963. I think that additional digit is throwing off the various ea calculations. Has anyone else encountered this problem. when I run the ea it puts my stop loss and t1 about 3 pips away from entry,and I get taken out in seconds.Any help would be appreciated.
  • #1,889
  • Edited 11:26am Jun 20, 2008 11:25am | Edited 11:26am
Quoting imad
hi
witch is the last ea ?? many versions posted .could anyone please direct me to the latest one
thanks

try paperclip upper right or for further clarification refer to post #1881
  • #1,890
  • Jun 20, 2008 5:55pm Jun 20, 2008 5:55pm
I have been running the EA on the EUR/USD live for awhile now, pretty consistant performance.
However, when I do some backtesting with the other pairs, it returns negative results. Anyone running these live on other pairs and getting good results? Would love to know your stats and your settings.
  • #1,891
  • Jun 20, 2008 5:57pm Jun 20, 2008 5:57pm
Tazmaan,

I would be willing to set the EA up on some other pairs and test it.

If I may ask, how many pips are you getting per day/week, on average, from the EUR/USD pair?

Scott


Quoting tazmaan
I have been running the EA on the EUR/USD live for awhile now, pretty consistant performance.
However, when I do some backtesting with the other pairs, it returns negative results. Anyone running these live on other pairs and getting good results? Would love to know your stats and your settings.
Prices are never too high to begin buying or too low to begin selling.
  • #1,892
  • Jun 20, 2008 7:19pm Jun 20, 2008 7:19pm
Quoting thehenryfam
Tazmaan,

I would be willing to set the EA up on some other pairs and test it.

If I may ask, how many pips are you getting per day/week, on average, from the EUR/USD pair?

Scott
Post 1870 those pairs and settings just for a few days so far so good. Need more time to let it play out.
  • #1,893
  • Jun 20, 2008 7:25pm Jun 20, 2008 7:25pm
BTW, Taz, what settings are you using for the EUR/USD pair? "Out of the box"?

Thanks,
Scott

Quoting tazmaan
I have been running the EA on the EUR/USD live for awhile now, pretty consistant performance.
However, when I do some backtesting with the other pairs, it returns negative results. Anyone running these live on other pairs and getting good results? Would love to know your stats and your settings.
Prices are never too high to begin buying or too low to begin selling.
  • #1,894
  • Jun 20, 2008 7:57pm Jun 20, 2008 7:57pm
Quoting thehenryfam
Tazmaan,

I would be willing to set the EA up on some other pairs and test it.

If I may ask, how many pips are you getting per day/week, on average, from the EUR/USD pair?

Scott
Here are my results from when I started live with it. There may be some missing days in there where I was playing with different things and had the EA off, but otherwise here they are:
5/16 +62 pips
5/19 -42 pips
5/20 +45 pips
5/21 -90 pips
5/22 -90 pips
5/27 +15 pips
5/28 -90 pips
5/29 +45 pips
5/30 +15 pips
6/3 +45 pips
6/5 +15 pips
6/6 -90 pips
6/16 +15 pips
6/17 +15 pips
6/19 +45 pips
6/20 +47 pips

Grand total -38 pips (hmm, not as good as I thought, but I guess I'll keep going with it and see how it pans out for a longer term).

My settings:
SL 30
UpdatetoBE 15
TP1 15
TP2 30
TP3 50
Daystart 0
Lookback 17
expiration 18
  • #1,895
  • Jun 27, 2008 11:39pm Jun 27, 2008 11:39pm
Quoting tdion
Read the thread, lazy freeloader.

priceless!
  • #1,896
  • Jul 1, 2008 5:17am Jul 1, 2008 5:17am
Hi, and thanks to all who have contributed so much to the development of this method. I am new to MT4/EA trading. I have opened Demos with IBFX, and FXDD, and have attached to the charts the corresponding EAs as published Jan 31 08. Every thing is going well except I see that the EAs will repeat the lookback/order placemet process every time the MT4 trading platform is reopened after being closed. Example...Open platform at 05:00 GMT, using 06:00 GMT day/start/hour... at 06.00 GMT EA starts and places orders correctly. Now, close platform and reopen. EA will now place a duplicate series of orders, doubling the number of orders standing in the market. Closing/reopening will result in a third series of orders, etc., etc. Am I doing something wrong?
Vincit qui se vincit.
  • #1,897
  • Jul 9, 2008 11:45am Jul 9, 2008 11:45am
So it looks like you guys are trying to develop/optimize something a strategy based on opening range breakout theory. These are used by professional traders all the time, as they give you a considerable edge, but they almost all experience sharp drawdowns you have to trade through.

The only thing I'm curious about is why do you leave all 6 orders running? Usually ORB strategies implement orders OCO (One-Cancels-the-Other). Example, if your long orders got triggered, your shorts would be done for the day, and vice versa. This removes the chance of the double k.o. when you have big losses in each direction.

Also, I'm joining the thread kind of late, and I noticed that there are 181 attachments. Which is the latest version and is pipnick still using his?
  • #1,898
  • Jul 9, 2008 5:23pm Jul 9, 2008 5:23pm
which post can i get the ea from so that i can attach it to my plat form
  • #1,899
  • Edited 8:14pm Jul 15, 2008 6:56pm | Edited 8:14pm
to find the EA:

in the upper right hand corner, next the the list of page number, look for the number 181 followed by a paper clip. Click on the number and it will bring up all the attachments on this post. Then, of course, you will have to read the post to figure out which one to use. By looking at the date on the attachment you can figure out where to start reading.
  • #1,900
  • Jul 16, 2008 12:31am Jul 16, 2008 12:31am
OK - so now I have a question. I have started forward testing on Alpari with the settings (bigger orders on G/U) on the Alpari Fall Version. The attachment shows tonights G/U Hour chart with the trades set by the EA. It looks to me that I could move the sells up to start at 2.0008 or just after and have a better shot at TP'n all three trades. My question is will this mess with the EA, and conversely, will the EA then mess up the trades? Will the EA still move the BE or trail if those settings are activated? If someone knows the answer great, please share. If not I'll test it, though as I'm typing this G/U just broke 2.0008 so I'll have to try it next time.

Thanks to all who have written and worked on this!
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