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

Please see post #1 for EA, settings, revision notes.

Just fixed a small bug.

Have also posted some recent results.

"The Pip Nailer" (EA - MTaboneWeb)

Caught something else, check 1st post for EA and notes.

"The Pip Nailer" (EA - MTaboneWeb)

Caught something else, check 1st post for EA and notes.

"The Pip Nailer" (EA - MTaboneWeb)

I don't know why - I just don't like .ex4 files without corresponding mq4!

Maybe you kindly give it a thought.

Regards

Forex37

An exclamation is rather harsh don't you think, seeing as how I've spent an outrageous amount of my own personal time to produce these EAs in the first place and shared them?


With all respect, I do not and will not post source code anymore. It's your choice if you want to use the EA or not just as it's my choice to post source code or not.

Hello Everyone,

Taken the last two days to read the thread from start to finish! Decided to do that because I use the AshFx daily to trade (started live only this week after dry running on a demo account). However, the last couple of days have been quiet on that system so I wondered if the Pipnailer might give me some more options. I like the AshFx daily because I don't have to sit in front of a screen day in/day out but there are some days where I can check for hourly signals so I thought Pipnailer might be a good option. Anyway enough of the preamble! I thought I would sum up my understanding from reading the thread and ask a few questions:

1. The rules for entry are straightforward (I won't repeat them here) and can be enhanced by checking other indicators or visually for S/R, fibs etc. dependent on how each trader wants to choose their trades.

2. It's best to only use the system during London and New York trading hours (great for me) and only on liquid markets.

3. It's best to avoid trading during news for the country of a currency (check the red news items in FXDD).

4. The system would appear to work best on hourly timeframe and upwards (although some folk seem to be getting decent results on shorter timeframes).

5. Some very kind people have coded up EA's, indicators etc to help to trade the system. Now here is where I am getting confused. What is the best set up with these things? I guess this varies from trader to trader so there is no "correct" way. So, my approach is to use the Dashboard for signals (which version is best? and should I shift the signal to 0 to give an earlier alert?) but I will then want to check the trades visually before deciding whether to take them. So should I avoid the various EA's that have been built for the system? In addition to the dashboard, are there any other indicators that people would recommend?

6. One final question if I may. I have been using FXDD for the AshFx daily (as recommended). Should I continue using that for Pipnailer or switch to IBFX?

So, I would be very grateful for any advice. Looking forward to using the system and participating in the thread.

use FXDD

this system isn't very successful on ODL in my experience

test

Agreed 100%.

aud/usd was beautiful
verticle line was nailed candle. check out the lags and bbs and how it all lined up.

ur just posting the winners, try posting the losers too.
there are plenty of times where everything lined up and the trade turned out bad

After so Long of demo forward testing of this strategy, I did not know for others. But I more prefer to take only the trades from 4H TF. 1H and daily TF having alot of un-accurate signals. Although the signal from 4H is very less, but it is valuable.... 15m 30m not really encourageble since I keep on get into losses trades.

This week I having 3 trade signal from 4H Tf. 1 trade is closed. Another 2 still in floating. Will post it up once all three is closed.

Another daily trade placed on 'early alert'(well, early as i could since i wasn't near my computer, and early as in once psar has switched as oppossed to waiting) once again, price coming down touching middle of bb, blue lag is pointing down.
anyone else in? or getting in per normal rules on open of next candle(sunday/monday)

er, here is the signal on ibfx. just showing how i like to use another confirmation(lags) to the pipnailer.

This is all the 3 trades that have been taken by me in this week. Plz do not ask me why I didn't take the trade on that day what pair and so on. Easy answer for you is, I did nid to slep and work. So I did not able to take all signals. This 3 signal is generated when I'm in front of my PC and I just enter market wif SL and TP that has been predefined by out forexmoment.

2 win 1 lose. Still a good day. I didn't trail or anything. Juz set TP and SL and just like that, lazy to take care about the trade. Juz use this for SET AND FORGET.

Took some profit at the 200 EMA but, still looking for more

but, once again signal on IBFX trade on fxdd.

forgot pic

Firstly, I am new to this strategy and amazed at the support it has from all members. I very special thanks to forexmoments as the creator and the awesome talents of swingman with his dashboard. Please accept my gratitide and appreciation for the the positive vibes this brings to many traders like myself.

Suggestion one: For SWINGMAN. I love the dashboard indicator. At present I am not sure which one I prefer version 1.4 or v1.5.

I would love an email alert to be added when a signal appears. I would love the email alert to be coded on both dashboard versions 1.4 and 1.5.

This allows SMS signals to cellphones for those traders trading smaller timeframes (or higher)without having to be near the PC or screen all the time. One could have the mobile version of MT4 on a smartphone, receive an sms and still trade the strategy after checking the chart. This is for manual traders who do not trust EA's 100%.

Suggestion 2.:For everyone: If you are like me, I like to take trades only when I have the higher timeframe participation. I use the MTF stochastics indicator as an additional indicator for confirmation.

Thanks ,
LR

Suggestion 3 for SWINGMAN: Please could you add an email alert to the indicator PIPNAILER isignals v2. The reasons are the same in my previous post.

Suggestion 4 for everyone: For those traders who like more manual control of their trading and looking for various options to manage their trade eg exit strategies... I find there is a very comprehensive EA that only manages trades once entered. It is a free EA on tsd forum .(AUTOMATIC order management)

below is the link:
http://www.forex-tsd.com/expert-advi...anagement.html

The Ea is there too and instructions for it use.

The higher timeframe participation filter mentioned in my previous post is stochastics. Also MTF MA ans MTF Psar indicators are are freely available and great filters for higher probability trades


Hope this is helpful.

LR