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

  • #1,141
  • Aug 30, 2008 12:12pm Aug 30, 2008 12:12pm
Quoting dengzhi
anyone get dashboard to work with email alerts?
i cant get email to work in general in MT4, it fails the send test

(tried yahoo mail, and crawler)

2008.08.28 19:31:22 Mail: error connecting to my.crawler.com


anyone know which free mail works with mt4 and how to set it up?

you have to be doing something incorrectly soemwhere cause i posted about using mycrawler to work
  • #1,142
  • Aug 31, 2008 5:57am Aug 31, 2008 5:57am
Quoting RaverStyleTim2
you have to be doing something incorrectly soemwhere cause i posted about using mycrawler to work
Do not know what I am doing incorrectly ,what are you referring to? I answered that my emails are working with the dashboard. Sorry.

I do not know what crawler refers to I live in Australia. Sorry.

Hope that clears things up.

LR
  • #1,143
  • Sep 1, 2008 8:51pm Sep 1, 2008 8:51pm
Hey all, I just started to follow this pip nailer thread and system, so to my understanding, in order to get the "nailed" signal, both AC and AO have to turn green at the same time and there has to be a green circle on the psar, right? I also only enter at the close of the candle, so thus far, I have found this trade today for GBP/JPY:

http://fxprosystem.com/forex/1_1_08_GBPJPY.jpg

So I should wait until the close of that bar, and then enter at the open of the next bar, right?
  • #1,144
  • Sep 1, 2008 10:34pm Sep 1, 2008 10:34pm
Everything needs to change on the same bar, but otherwise you have it right.
  • #1,145
  • Sep 2, 2008 10:37am Sep 2, 2008 10:37am
This seems to have been another trade on USD/CAD, but luckily I didn't get in since it would have ended badly...

http://fxprosystem.com/forex/1_2_08_USDCAD.jpg
  • #1,146
  • Sep 4, 2008 8:02am Sep 4, 2008 8:02am
eurchf h4.

CLosed with +60pips.

Here I attached the printscreen together.

Juz entered another two trade on GBPCHF H4 and and EURGBP H4. Let see how the things goes...
Attached Image (click to enlarge)
Click to Enlarge Name: trade11.jpg Size: 125 KB
  • #1,147
  • Sep 4, 2008 8:57am Sep 4, 2008 8:57am
Quoting mphpopular
eurchf h4.

CLosed with +60pips.

Here I attached the printscreen together.

Juz entered another two trade on GBPCHF H4 and and EURGBP H4. Let see how the things goes...
Do you think that this system works better on H4 rather than H1?
  • #1,148
  • Sep 4, 2008 9:06am Sep 4, 2008 9:06am
Quoting Jon Reed
Do you think that this system works better on H4 rather than H1?
I answered this in earlier ago. I only trade this system on H4 and Daily.

But H4 providing a better result compared to Daily.

Currently still unable to sure that result in H4 is the best. Bcoz the signal generated is very less. Currently the accumulated trade from pipnailer in H4 (since 22July) is only 9 trades. 9 trades still insufficient to proof anything, but for at least, I believe the signal from H4 the most.

Juz use it as your set and forgot method.
  • #1,149
  • Sep 4, 2008 9:17am Sep 4, 2008 9:17am
Quoting mphpopular
I answered this in earlier ago. I only trade this system on H4 and Daily.

But H4 providing a better result compared to Daily.

Currently still unable to sure that result in H4 is the best. Bcoz the signal generated is very less. Currently the accumulated trade from pipnailer in H4 (since 22July) is only 9 trades. 9 trades still insufficient to proof anything, but for at least, I believe the signal from H4 the most.

Juz use it as your set and forgot method.
Hey sorry for making you repeat that, I just recently started following this thread and didn't see your earlier post.
  • #1,150
  • Sep 4, 2008 11:03am Sep 4, 2008 11:03am
-123pips. CLOSED

And juz got signal for Eu and chfjpy....trade placed. guess tis week having alot of signal..
Attached Image (click to enlarge)
Click to Enlarge Name: trade12.jpg Size: 187 KB
  • #1,151
  • Sep 4, 2008 9:05pm Sep 4, 2008 9:05pm
chfjpy h4 closed with hitting tp

eurusd h4 didn't hit the tp, it almost hit, i made the wrong calculation for the TP, so it didn't hit it, (remember, must calculate correctly). I wake up and saw it, so i close it out.

Eurgbp still floating with -ve pips, I made the same mistake as EU as well, which calculate the wrong TP, if not, my TP already get hit....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade13.jpg Size: 191 KB
Click to Enlarge Name: trade14.jpg Size: 175 KB
  • #1,152
  • Sep 4, 2008 10:53pm Sep 4, 2008 10:53pm
Quoting mphpopular
chfjpy h4 closed with hitting tp

eurusd h4 didn't hit the tp, it almost hit, i made the wrong calculation for the TP, so it didn't hit it, (remember, must calculate correctly). I wake up and saw it, so i close it out.

Eurgbp still floating with -ve pips, I made the same mistake as EU as well, which calculate the wrong TP, if not, my TP already get hit....
Looks like good trading, are you using the pip nailer system as-is or did you make your own modifications? Also, do you mind me asking how it is that you calculate your own TPs and SLs?
  • #1,153
  • Sep 5, 2008 12:45am Sep 5, 2008 12:45am
Quoting Jon Reed
Looks like good trading, are you using the pip nailer system as-is or did you make your own modifications? Also, do you mind me asking how it is that you calculate your own TPs and SLs?
No modification were done, all use back the most original rules, i will try to state how i calculate SL and TP again. wish you didn't get confused by my poor english.

1) SL set at the high(short), low(buy) of the nailed candle. (remember add in spread)
2) Then calculate the pips of the high until the low of the nailed candle.
3) Let say you calculated 80pips, then TP will be 80pips away from your entry price.

WIsh I made it clearer instead of confuse-er


edit:
Dont look small on a few pips difference. Make sure calculation were done correctly without any minor mistake.
Example, My EU trade should have gain me a 140pips but a wrong calculation makes me left 77pips
My EG trade should have give me 41pips but now it is on floating -20pips bcoz wrong calculation
  • #1,154
  • Sep 5, 2008 4:04am Sep 5, 2008 4:04am
EG H4 closed manually. More 8 pips will reach my TP. But I juz hate to wait and worry soemthing bad happen again. So I juz closed it manually.
Attached Image (click to enlarge)
Click to Enlarge Name: trade15.jpg Size: 187 KB
  • #1,155
  • Sep 9, 2008 12:10pm Sep 9, 2008 12:10pm
ONe lose trade for this week.
I didn;t take the trade bcoz I was not in front my PC duringthe signal was out. Guess I was lucky
Attached Image (click to enlarge)
Click to Enlarge Name: trade pipnailer 16hidden.jpg Size: 168 KB
  • #1,156
  • Sep 10, 2008 3:19am Sep 10, 2008 3:19am
Quoting mphpopular
ONe lose trade for this week.
I didn;t take the trade bcoz I was not in front my PC duringthe signal was out. Guess I was lucky
Question:
After a signal appears, how many bars should you wait before giving up and exiting the trade (if profit target/stop loss is not reached) for a small/medium loss or small/medium profit? I.e. I assume after 30 bars, any advantage of a signal should be over.

Answer: 1 bar? 3 bars? 4 bars? 6 bars? There must be some critical point where risk=return (The gambling point) and you should exit the trade a bar or two before that point.
  • #1,157
  • Sep 10, 2008 3:35am Sep 10, 2008 3:35am
Quoting fxfact
Question:
After a signal appears, how many bars should you wait before giving up and exiting the trade (if profit target/stop loss is not reached) for a small/medium loss or small/medium profit? I.e. I assume after 30 bars, any advantage of a signal should be over.

Answer: 1 bar? 3 bars? 4 bars? 6 bars? There must be some critical point where risk=return (The gambling point) and you should exit the trade a bar or two before that point.
I simply using a set and forget method.
This is my own opinion:
1) The signal is less thus it is valuable.
2) I simple enter market and set all the SL and TP (predefined by fxmoments), without calculating in any others factor.
3) It is juz either hit my SL or TP.
4) I'm using 4H TF whereby having a higher probability of winning trade, whereby it is enough to cover up all the losses and making profit.

Forward testing is very difficult to be done on this method (4H TF), due to the signal is very less. Since 22July08, there is only a total of 16 - 20 signals.

Currently trade 15signal by pipnailer, having 13 win trade and 2 lose trade. So the probability of win is quite high for me.
  • #1,158
  • Sep 10, 2008 1:20pm Sep 10, 2008 1:20pm
Does this system perform much better on a 4hr TF than 1hr? It seems most people who are posting trades are all using the 4hr TF but the original instructions indicate a 1hr TF used? Has anyone had good results with 1hr TF?
  • #1,159
  • Sep 10, 2008 8:01pm Sep 10, 2008 8:01pm
Quoting fxfact
Question:
After a signal appears, how many bars should you wait before giving up and exiting the trade (if profit target/stop loss is not reached) for a small/medium loss or small/medium profit? I.e. I assume after 30 bars, any advantage of a signal should be over.

Answer: 1 bar? 3 bars? 4 bars? 6 bars? There must be some critical point where risk=return (The gambling point) and you should exit the trade a bar or two before that point.
Perhaps a re-read of the manual may help. Any variations of traders are welcome and their choice to research and post their findings to help fellow forum members. Give and take !

LR
  • #1,160
  • Sep 10, 2008 8:03pm Sep 10, 2008 8:03pm
Quoting Jon Reed
Does this system perform much better on a 4hr TF than 1hr? It seems most people who are posting trades are all using the 4hr TF but the original instructions indicate a 1hr TF used? Has anyone had good results with 1hr TF?
Please quote and attach from the manual where you see 1h TF?

I see the heading:"The Pip Nailer". Any time frame, any pair.

Thanks,

LR
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