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Attachments: Trade the Day Open Fibo
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Trade the Day Open Fibo

  • #21
  • Feb 18, 2007 11:04pm Feb 18, 2007 11:04pm
Dates are wrong i think in your excel file, on the 3rd of Feb you have 55pip profit, but 3rd was SATURDAY ?
  • #22
  • Feb 18, 2007 11:13pm Feb 18, 2007 11:13pm
Looks like this would be a fairly simple system to develop an EA off of and forward trade on a demo account. Anybody able to do that?
  • #23
  • Feb 18, 2007 11:18pm Feb 18, 2007 11:18pm
Quoting peterdxb
Dates are wrong i think in your excel file, on the 3rd of Feb you have 55pip profit, but 3rd was SATURDAY ?
I'm sorry it must be on 5th Feb,
... and that backtest result was taken from pfgfx that had Day Open On GMT+1
in
  • #24
  • Feb 18, 2007 11:28pm Feb 18, 2007 11:28pm
Quoting 1Sundevil
Looks like this would be a fairly simple system to develop an EA off of and forward trade on a demo account. Anybody able to do that?
That could be great 1Sundevil,
I believe that sameone will doing that, because we're on FF
in
  • #25
  • Feb 18, 2007 11:29pm Feb 18, 2007 11:29pm
Yes, i did check it manually on the charts with your indicator. Looks really good.


EA will definately help a lot in backtesting, and forward testing.
  • #26
  • Feb 18, 2007 11:30pm Feb 18, 2007 11:30pm
I sent a PM to somebody who does great work. We'll see if he's interested in tackling this job. I think it would be great.
  • #27
  • Feb 19, 2007 12:58am Feb 19, 2007 12:58am
devil, is the ea ready ?
  • #28
  • Feb 19, 2007 1:44am Feb 19, 2007 1:44am
I think I already have an EA that could easily be modified for this strategy. Ill post it later

-Mikhail
  • #29
  • Feb 19, 2007 3:04am Feb 19, 2007 3:04am
Hello Miha, thanks a lot for the ea, looks like this ea is a straddle ea, is this ea goin to handle situation wen buy order is triggered the sell orders have to be moved to the open of the day ?
  • #30
  • Feb 19, 2007 3:22am Feb 19, 2007 3:22am
Quoting peterdxb
Hello Miha, thanks a lot for the ea, looks like this ea is a straddle ea, is this ea goin to handle situation wen buy order is triggered the sell orders have to be moved to the open of the day ?
oh sorry i missed that part... the EA above will simply delete pending order when one is executed...

thank you for pointing that out... I will revise the EA.

-Mikhail
  • #31
  • Feb 19, 2007 3:51am Feb 19, 2007 3:51am
Quoting mikhaildgreat
oh sorry i missed that part... the EA above will simply delete pending order when one is executed...

thank you for pointing that out... I will revise the EA.

-Mikhail
Thank you Mikhail for the EA,
It's my first EA,
One question, how to close all order at EndHour(eg 22.00)?
in
  • #32
  • Feb 19, 2007 4:48am Feb 19, 2007 4:48am
Hello,

Here is the fixed version of the EA which should fallow the rules of the originator including adjusting the stop orders.

-Mikhail
Attached File(s)
File Type: zip Day Open Fibo - EA.zip   15 KB | 896 downloads
  • #33
  • Feb 19, 2007 4:51am Feb 19, 2007 4:51am
Quoting metto
Thank you Mikhail for the EA,
It's my first EA,
One question, how to close all order at EndHour(eg 22.00)?
simply set closeontime = true, and endhour to the time you want to close all orders. Note that time is based on your broker time

-Mikhail
  • #34
  • Feb 19, 2007 5:02am Feb 19, 2007 5:02am
Quoting mikhaildgreat
simply set closeontime = true, and endhour to the time you want to close all orders. Note that time is based on your broker time

-Mikhail
Ok thank you again, you're so kind Mikhail
in
  • #35
  • Feb 19, 2007 8:29am Feb 19, 2007 8:29am
Quoting metto
Ok thank you again, you're so kind Mikhail
Hi Metto,
thnx for the system. I wanted to clear out one thing thou.
If you open position @ open+34, and you get stopped out and again if you have a signal @ open+34, do you re-enter?

Coz technically the stop for open+34 would be a stop order as well a fresh sell order for -34.

Thnx
  • #36
  • Feb 19, 2007 6:50pm Feb 19, 2007 6:50pm
The only thing I noticed is that an Average True Range Indicator might be a handy tool here. Several times you didn't hit TP2 because the GBP wasn't moving that big of a range. An ATR would indicate to take TP2 a little sooner. What do you think?
Mat


Quoting metto
Hi, All.

I found this strategy had a good chance to be profitable on GBPUSD.

My backtesting since January to Feb 16th 2007 on GBPUSD is 1000 pips gain(excel attached).
I'll do forward testing this week with demo account.

The Strategy based on Open Price and Static Fib Numbers.

GBPUSD example
Today Open : 1.9634
Add Horizontal Line above Today Open :
HL1 = 1.9634 + 34 = 1.9668
HL2 = 1.9634 + 89 = 1.9723
HL3 = 1.9634 + 144 = 1.9778

Add Horizontal Line below Today Open :
HL4 = 1.9634 - 34 = 1.9600
HL5 = 1.9634 - 89 = 1.9545
HL6 = 1.9634 - 144 = 1.9490

* Indicator attached
Insert DayOpenFib twice on the chart with TF < H4.
-First, set parameter up=true
-Second, set parameter up= false

Rules :
Place Buy Stop order at HL1, SL = Today Open, TP1= HL2, TP2 = HL3.
Place Sell Stop order at HL4, SL = Today Open, TP1= HL5, TP2 = HL6.


If Buy stop order executed, change Sell Stop order = Today Open, SL = HL1, TP1= HL4, TP2= HL5.
Do the opposite if Sell Stop executed.

Any Opinions are so welcome.
  • #37
  • Feb 19, 2007 7:12pm Feb 19, 2007 7:12pm
Quoting matman132
The only thing I noticed is that an Average True Range Indicator might be a handy tool here. Several times you didn't hit TP2 because the GBP wasn't moving that big of a range. An ATR would indicate to take TP2 a little sooner. What do you think?
Mat
I've never used the ATR indicator. Could you tell a little about it and how to use it? thanks
  • #38
  • Feb 19, 2007 7:19pm Feb 19, 2007 7:19pm
matman, i was about to say that, we could adjust the fibo numbers according to the ATR. This is because during big volatility period, 144 pip target is easier to get hit than during low volatility period...
  • #39
  • Feb 19, 2007 7:27pm Feb 19, 2007 7:27pm
Does this EA close half the lot amount at the first TP and the second half at the second? Should I be entering lots in multiples of 2 for this reason?
  • #40
  • Edited 8:08pm Feb 19, 2007 7:40pm | Edited 8:08pm
Quoting matman132
The only thing I noticed is that an Average True Range Indicator might be a handy tool here. Several times you didn't hit TP2 because the GBP wasn't moving that big of a range. An ATR would indicate to take TP2 a little sooner. What do you think?
Mat
Thank you Mat,
I believe atr can help, can you pm me
in
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