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

  • #981
  • Edited 10:15am Jul 2, 2008 10:00am | Edited 10:15am
My previous studies on Pair to Trade I have always been successful doing trades with EURUSD and USDCHF.

I know you all know why this two behave the way they do but I found out that when I use PIP Nailer I can benefit twice with these 2 pairs.

Here is what I want you to do...

When You get a Signal on EURUSD for Long... Go Check the USDCHF same TF you will notice a Signal or just slight off but the truth is if you take a Short on USDCHF you can bag some PIPS too

So if the Signal is EURUSD For Long the Check USDCHF for short..

For those who don't know why this happens this way Swissy and Euro are both in the Eurozone if am not wrong and they are both against the USD.

This is an observation Please take it into consideration try it on your demo accounts report back...

I will post my charts as soon as I get a Signal for all of us to watch.

Regards

SmartKenya
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 135 KB
Click to Enlarge Name: USDCHF.JPG Size: 134 KB
  • #982
  • Edited 12:24pm Jul 2, 2008 11:32am | Edited 12:24pm
Ok, I hope I'm not missing something here so this doesn't sound like a stupid question, but why doesn't the pip nailer flying fish v1.2 ea have an option for a stop loss?



(((made 290 bucks on it last night on a demo sell it opened up on the gbp/ usd)))
  • #983
  • Jul 2, 2008 11:04pm Jul 2, 2008 11:04pm
Ok here is the deal...

It is ok to deal Short Time frames... 5M, 15M and 30M especially when things are slow and no strong trends.

Rules.

1. Use all rules by Ash for PIPNailer...
2. Use B_Clock - The timer to time how long it would take to close a candle
3. When you take a position be it long or short don't place a TP Point wait and see where the candle will bounce of from when it closes. Put a horizontal line and check if it is a significant Support or Resistance point or if one is close to it.. If it is true put your TP on that Support or Resistance point.. Remember you are using shorter timeframe yes things change quickly.
4. Don't be greedy - remember the candles may break through but chances are they will only bounce back and change direction completely

There those are my rule for short time frames

Attached see two trades I have take on 15M.. Got signal using the PIPNailer DashBoard v1.4 but I removed the 5M from it.

Well that's my advice.. Good Morning for now

SmartKenya
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15M - AUDUSD.JPG Size: 135 KB
Click to Enlarge Name: 15M-AUDJPY.JPG Size: 134 KB
  • #984
  • Jul 3, 2008 12:11am Jul 3, 2008 12:11am
Here is the results of the Shorttime trade using 15M TF.

We clearly see if we took profit @ a high PIP we would have not been able to reach it. Support and Resistance is very important.

Thx
SmartKenya
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY.JPG Size: 133 KB
Click to Enlarge Name: AUDUSD.JPG Size: 128 KB
  • #985
  • Jul 3, 2008 2:21am Jul 3, 2008 2:21am
Quoting Jankruh
(((made 290 bucks on it last night on a demo sell it opened up on the gbp/ usd)))
Wowser, good going.
  • #986
  • Jul 3, 2008 8:28am Jul 3, 2008 8:28am
Quoting SmartKenya
Here is the results of the Shorttime trade using 15M TF.

We clearly see if we took profit @ a high PIP we would have not been able to reach it. Support and Resistance is very important.

Thx
SmartKenya

Hi SmartKenya - I cannot find out the default setting on FXDD for the PSAR (having changed it for the AshDaily system) - could you please provide?

Also, how do you 'check' PipNailer against AshDaily? Both on daily, or do you use a lower (say 4 hour) timeframe for PipNailer?

And (sorry, 1 more question) when using PipNailer only, what is your favourite timeframe?

Thanks,

Freddi
  • #987
  • Jul 3, 2008 9:26am Jul 3, 2008 9:26am
Quoting freddi
Hi SmartKenya - I cannot find out the default setting on FXDD for the PSAR (having changed it for the AshDaily system) - could you please provide?

Also, how do you 'check' PipNailer against AshDaily? Both on daily, or do you use a lower (say 4 hour) timeframe for PipNailer?

And (sorry, 1 more question) when using PipNailer only, what is your favourite timeframe?

Thanks,

Freddi

Defaut is 0.02, 0.2
  • #988
  • Jul 3, 2008 9:36am Jul 3, 2008 9:36am
Thanks Ron

Quoting Ronald Raygun
Defaut is 0.02, 0.2
  • #989
  • Jul 3, 2008 12:33pm Jul 3, 2008 12:33pm
Quoting freddi
Hi SmartKenya - I cannot find out the default setting on FXDD for the PSAR (having changed it for the AshDaily system) - could you please provide?

Also, how do you 'check' PipNailer against AshDaily? Both on daily, or do you use a lower (say 4 hour) timeframe for PipNailer?

And (sorry, 1 more question) when using PipNailer only, what is your favourite timeframe?

Thanks,

Freddi
Hello Freddie,

The setting's as RR gave u. Well PIP Nailer works very well on Larger TF from 1H. The AshDaily is for D1 so yes I used both with D1 2 different charts same Pair. REASON: Well Sometime PIPNailer can Earn you some 50pips or more on Daily signals before AshDaily gives a true signal for more PIPS

Well with the PIPNailer I go for larger time frame, I have dashboard loaded on it but removed 5M and 15M. When I get a 30M signal I have to check first where the closest Resistance or Support is also I have AutoPivot from Imran Sait I use also on all the TF to confirm if the trade will be taking a run or just end after 2-3 more bars.

Regards

SmartKenya

Oh yes u can use my PSAR I just changed the color to Green and Red so everything matches
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 358 downloads
File Type: mq4 Parabolic SAR Color - Alert.mq4   3 KB | 408 downloads
  • #990
  • Jul 3, 2008 12:50pm Jul 3, 2008 12:50pm
SmartKenya, thanks for your reply

Freddi

Quoting SmartKenya
Hello Freddie,

The setting's as RR gave u. Well PIP Nailer works very well on Larger TF from 1H. The AshDaily is for D1 so yes I used both with D1 2 different charts same Pair. REASON: Well Sometime PIPNailer can Earn you some 50pips or more on Daily signals before AshDaily gives a true signal for more PIPS

Well with the PIPNailer I go for larger time frame, I have dashboard loaded on it but removed 5M and 15M. When I get a 30M signal I have to check first where the closest Resistance or Support is also I have AutoPivot from Imran Sait I use also on all the TF to confirm if the trade will be taking a run or just end after 2-3 more bars.

Regards

SmartKenya

Oh yes u can use my PSAR I just changed the color to Green and Red so everything matches
  • #991
  • Edited 8:52pm Jul 3, 2008 8:29pm | Edited 8:52pm
Hi SmartKenya,
First I ask a little of patient with me...I am new on this, and I found very helpful the b-clock.ex4.
How I can run the b-clock.ex4?
Thanks a lot, lot, lot
JC

Minutes later....

The key was close MT4 and open to see the indicators!
  • #992
  • Jul 4, 2008 12:42am Jul 4, 2008 12:42am
Quoting jcllosag
Hi SmartKenya,
First I ask a little of patient with me...I am new on this, and I found very helpful the b-clock.ex4.
How I can run the b-clock.ex4?
Thanks a lot, lot, lot
JC

Minutes later....

The key was close MT4 and open to see the indicators!
Hello jcllosag:

Depending on whatever broker you are using find their MT4 Folder example
C:\Program Files\FXDD - MetaTrader4\experts\indicators and paste the B_Clock there...

Quoting gym_midas
Bro,

Can you share with me your color PSAR?Looks good on the chart

Thx for messaging me ok here I will attach the template I use and all indicators. Remember to say thank you to the people who created and continue to create/ come up with new and simple strategies for us.

The PSAR is modified so the colors would be green and red. Sorry for add the Pivots but it helps to quickly see where a move might be headed...

Am glad I could help

SmartKenya
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 455 downloads
File Type: ex4 b-clock modified.ex4   2 KB | 472 downloads
File Type: tpl PIP Nailer.tpl   6 KB | 498 downloads
File Type: mq4 Parabolic SAR Color - Alert.mq4   3 KB | 554 downloads
File Type: ex4 Parabolic SAR Color - Alert.ex4   3 KB | 444 downloads
  • #993
  • Jul 4, 2008 8:17am Jul 4, 2008 8:17am
Could you confirm the following using your method

Rules for Entry Long, Rule for closing Long

Rules for Entry Short, Rule for closing Short

Have seen a few comments here about rules ... but would like to confirm ..

good work


Thanks
  • #994
  • Jul 4, 2008 1:34pm Jul 4, 2008 1:34pm
Smart Kenya, appreciate the work you're doing man. Nice one.
  • #995
  • Jul 4, 2008 3:08pm Jul 4, 2008 3:08pm
Can't believe I sat here and spent 3 hours on the Fourth of July reading very post from post 1 on. Seems that the one hour time frame and higher would give enough signals. The exits seem to be the major question, and the benevolent ASH and others have addressed that, and possibly will come up with something that will give more PIPS. I don't see why the indicators and EA can't be used just to open a trade, and trade only in the NY or London session, or both if you have time, and once the trade is made your exits can be refined and altered if need be. At this point, I'm stare crazy, and just will say thanks to ASH and everyone else here that takes the time to patiently answer questions and make EAs and then tweak them. Have a great weekend, all.
  • #996
  • Jul 5, 2008 1:48am Jul 5, 2008 1:48am
Quoting art59
Could you confirm the following using your method

Rules for Entry Long, Rule for closing Long

Rules for Entry Short, Rule for closing Short

Have seen a few comments here about rules ... but would like to confirm ..

good work


Thanks
Well art59.. With Ash's PIP Nailer it is very easy to find your entry. If you are using my template and the other indicators that I have posted above it would be very easy to enter.

When the PSAR give u a signal that prices are moving up what you should see is:
PSAR - Should have changed to Green and is at the BOTTOM of the candles
AO - Has turned Green
AC - Has turned Green

When the PSAR give u a signal that prices are moving down what you should see is:
PSAR - Should have changed to RED and is at the TOP of the candles
AO - Has turned RED
AC - Has turned RED
REMEMBER - All this turning color / changing color should be simultaneous for a valid signal if not don't take it.

Ok I can't insist this more DON'T take the trade until the candle closes that's why I have added a timer.

When you find it is a valid signal check the closest SUPPORT LINE and RESISTANCE LINE - Prices tend to respect those points DRAW a Horizontal line on the S/R Points so you'd see where you might get out. Also use the Pivot Point draw by out Pivot also those are very important prices bounces off them too. And please use Larger time frames to trade it is easier kind Set and Forget thingy. So for your EXITs use the Support/ Resistance Line and or Pivots. You'd rather bag 10pips than none so don't be greedy.

Ah yes sometimes I use the Heiken Ashi to see if prices are Trending find it easier but I don't depend on them.
-----------------------------------------------
Ash
Well thanks Ash for this system am yet to master it for Larger PIPs
-----------------------------------------------
Paradoxical
RR must have done an EA somewhere - search

Always

SmartKenya
  • #997
  • Jul 7, 2008 10:07am Jul 7, 2008 10:07am
Hi All,

Looks like we have a painted pip for the AUD/USD for Tues daily chart, anybody else going to go for it

Thanks
Paul
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 42 KB
  • #998
  • Jul 7, 2008 11:50am Jul 7, 2008 11:50am
I dont think that this one is a trade, I think the settings you have in PSAR are wrong, if you set them for 0.2 then you get the signal you have posted .. but I was under the impression that the para alter signal template settings that were given on here by Smart Kenyan .... are different the sell signal for the AUD/USD pair was a couple of days ago.... can someone confirm this ......... ?
  • #999
  • Edited 1:06pm Jul 7, 2008 12:42pm | Edited 1:06pm
Ok I know am still a newbie.. But after reading alot of threads in FF I have come to realize that Forex Traders and MQ4L Programmers are the most helpful and may God bless each one of them.

As I was trying to figure out a system that I can use to get some pips when I have no nailed candle. I found one Peter Crown (DIBS System).

I have added an indicator to my PIP Nailer and I was able to grab other chances using the DIBS while waiting for my PIP Nailer to Nail one..

Here is my Sample chart and one of the best trade I can boast of just happened @ 8:00pm Kenyan Time (0500 GMT) infront of my eyes...

I know some will start asking me for the Indies and rules ok ok ok also attached find my PIP Nailer + DIBS Template and indicators.

@ ForexMoment - My wish was not to change your wonderful system I hope you'll approve me to share this. As it is Said Keep It Simple Stupid.. So I have tried to keep it simple.

As usual still use FXDD to conform with PIP Nailer and for the DIBS try to trade during the LONDON and NEWYORK sessions. I know DIBS we use a 6.00GMT as opening so what I do is I mark the 6.00GMT opening and use it all through my DIBS but for PIP Nailer I concentrate with SUPPORTS and RESISTANCE. Ah yes 1H TF.

DIBS RULES:
- http://www.forexfactory.com/showthread.php?t=86766

PIP NAILER RULES:
- http://www.forexfactory.com/showthread.php?t=63805

I will update you how it is working out and remember KISS.

Edited: I have Changed the PSAR Alert to Match the original PSAR parameters. Also My Original PIP Nailer Template has been uploaded and matches the PSAR. The new PIP Nailer + DIBS also is included..

Always

SmartKenya
Attached File(s)
File Type: mq4 in&out.mq4   4 KB | 553 downloads
File Type: mq4 BarClock.mq4   3 KB | 516 downloads
File Type: ex4 b-clock modified.ex4   2 KB | 418 downloads
File Type: tpl PIP Nailer + DIBS.tpl   3 KB | 608 downloads
File Type: tpl PIP Nailer.tpl   2 KB | 565 downloads
File Type: mq4 Parabolic SAR Color - Alert.mq4   3 KB | 596 downloads
  • #1,000
  • Jul 7, 2008 12:43pm Jul 7, 2008 12:43pm
Quoting art59
I dont think that this one is a trade, I think the settings you have in PSAR are wrong, if you set them for 0.2 then you get the signal you have posted .. but I was under the impression that the para alter signal template settings that were given on here by Smart Kenyan .... are different the sell signal for the AUD/USD pair was a couple of days ago.... can someone confirm this ......... ?
Youre right changed the psar but why have i got a painted pip nailer signal?

Thanks
Paul
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