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Frosty's Daily Trades - 100/40 1D EA method

  • #21
  • Sep 24, 2008 12:24pm Sep 24, 2008 12:24pm
The market has not been ranging much in the past few days and I've had many orders that were several days old so I closed all of my orders and turned off the EA for the day. I will open things back up when I see some movement. For today, I feel it's not a good time to use it. Today would be a better time to use a breakout strategy like the Big Dog.

Loss of -$6.24 for the day
  • #22
  • Sep 24, 2008 8:52pm Sep 24, 2008 8:52pm
I think you are doing great considering the conditions over the last few days.

Could you point me to the instructions to see how you get your chart linked to the account statement and have the live update like that?

Thanks,
PD
  • #23
  • Sep 25, 2008 12:50am Sep 25, 2008 12:50am
PistolDave:
Thanks.

Here is how you do it. First, to edit the basic information shown in the Template (like account numbers and your name), go to the folder were your templates are kept for your MT4. In my case, it's: C:\Program Files\Interbank FX Trader 4\templates

Now, MT4's publisher feature uses the statement.htm template to post to your ftp site. I wanted to use the StatementDetailed.htm. So, make a backup copy of your statement.htm file, I renamed mine to statement.htm.old

Next, make a copy of the StatementDetailed.htm and name it statement.htm
Hence, MT4 will use it as the template when it uploads the statement. Next, open up the new statement.htm file that you created (I used notepad) and find and remove the stuff you don't want. It's pretty much all at the top of the file.

Now, to get a specific time period to show up on the statements, you need to have MT4 up and running. Next, click on the Account History tab at the bottom of your Terminal. Right click anywhere in the Account History and then click on 'Custom Period'. Set that custom period to whatever you want. In my case, I set it to 9/15/2008 to 12/1/2008. I set it to the future so I don't have to change it every day.

For some reason, MT4 will post a statement using the dates that you set here. Also for some reason, MT4 will randomly reset the dates in the Account History tab. Sometimes it's once a day, sometimes it's every few days. I can't find a reason for it.

I hope this helps you out.


I opened trading back up tonight and I'll give another update tomorrow on how it did.
  • #24
  • Sep 26, 2008 3:09am Sep 26, 2008 3:09am
Updated.
  • #25
  • Sep 27, 2008 3:28am Sep 27, 2008 3:28am
Quoting FrostCall
Updated.
When people ask, they ask: How well does the EA do in a week? and my reply is it will average 3-7% so You are in that range at 4.4%. Good luck. I will start my 2000 live this week.
  • #26
  • Sep 28, 2008 1:37am Sep 28, 2008 1:37am
I can't wait to see your results! I will be putting this back on again this week with a few more currencies, spread out a bit more than i have now, with 0.01 lots. I'll also be testing out my Weighted Escalator System . It's more of a trend system, but there is no reason I can't have my cake and eat it too!
  • #27
  • Sep 28, 2008 2:59pm Sep 28, 2008 2:59pm
Nanningbob, I'm completely ripping you off and trading the pairs you posted in your other thread, except for the 3 most volitile: EURAUD, GBPUSD (this one got me in trouble last week!) and GBP/CHF. Since I basically leave my EA's running all day while I'm at work, I don't want these three in my system. I hope you don't mind that I'm stealing more ideas from you
  • #28
  • Sep 28, 2008 3:33pm Sep 28, 2008 3:33pm
Quoting FrostCall
PistolDave:
Thanks.

Here is how you do it. First, to edit the basic information shown in the Template (like account numbers and your name), go to the folder were your templates are kept for your MT4. In my case, it's: C:\Program Files\Interbank FX Trader 4\templates

Now, MT4's publisher feature uses the statement.htm template to post to your ftp site. I wanted to use the StatementDetailed.htm. So, make a backup copy of your statement.htm file, I renamed mine to statement.htm.old

Next, make a copy of the StatementDetailed.htm and name it statement.htm
Hence, MT4 will use it as the template when it uploads the statement. Next, open up the new statement.htm file that you created (I used notepad) and find and remove the stuff you don't want. It's pretty much all at the top of the file.

Now, to get a specific time period to show up on the statements, you need to have MT4 up and running. Next, click on the Account History tab at the bottom of your Terminal. Right click anywhere in the Account History and then click on 'Custom Period'. Set that custom period to whatever you want. In my case, I set it to 9/15/2008 to 12/1/2008. I set it to the future so I don't have to change it every day.

For some reason, MT4 will post a statement using the dates that you set here. Also for some reason, MT4 will randomly reset the dates in the Account History tab. Sometimes it's once a day, sometimes it's every few days. I can't find a reason for it.

I hope this helps you out.


I opened trading back up tonight and I'll give another update tomorrow on how it did.
Thanks Frosty. I didn't know you could do that with MT4. It will come in handy later, I'm sure.

PD
  • #29
  • Oct 7, 2008 9:59am Oct 7, 2008 9:59am
Not sure why I haven't posted on this thread for a while...
This 100/40 EA is STILL doing great for me. The key of course is to monitor it and when the market starts going more than 200 - 300 pips in any one direction (even if it's in your favor), you need to start looking for a time to close all your trades. If you do this successfully, you will make pips.

In the chart below, after the retrace, I bailed out. The huge jump in the JPY was beyond what this system is designed to handle. I took my profits from the retrace and got out. Currently, it's going back up.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 28 KB
  • #30
  • Oct 8, 2008 9:57pm Oct 8, 2008 9:57pm
Keep us posted on your results over the last few days of market craziness!

  • #31
  • Oct 8, 2008 10:54pm Oct 8, 2008 10:54pm
Made about $700 last night and just lost about $300. I went to go have dinner and I came back and saw the AUS/JPY jump almost 300 pips in an hour. I got the heck out while I still could! Profits for the week STILL doing great.
  • #32
  • Oct 8, 2008 11:03pm Oct 8, 2008 11:03pm
Look at that move! This is why nanningbob and others have dropped all AUS currency pairs this week. I would be wise to do the same.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 3.png Size: 52 KB
  • #33
  • Oct 8, 2008 11:43pm Oct 8, 2008 11:43pm
NZD pairs were all moved to 15-20 pip spreads at FXSol today.
  • #34
  • Oct 9, 2008 10:46am Oct 9, 2008 10:46am
Some valuable lessons I've learned so far are things like:

1. Don't trade the news
2. Don't trade in record breaking volatility
3. Don't get greedy

I'm extremely happy with the results of nanningbob's 100/40 EA. I will be banking some of my profits this week to go buy something nice. Expect to see a drop in the chart next week
  • #35
  • Oct 9, 2008 10:58am Oct 9, 2008 10:58am
great journal ! i love to see your balance's growth. great work! keep it up bro
  • #36
  • Oct 9, 2008 11:19am Oct 9, 2008 11:19am
Quoting FrostCall
Some valuable lessons I've learned so far are things like:

1. Don't trade the news
2. Don't trade in record breaking volatility
3. Don't get greedy

I'm extremely happy with the results of nanningbob's 100/40 EA. I will be banking some of my profits this week to go buy something nice. Expect to see a drop in the chart next week

If nanningbob or any programmer can fix the EA to not trade when the spread widens than normal, and to not allow slippage larger than 2-3 pips. That will take care of problems #1 and #2
  • #37
  • Oct 9, 2008 11:20am Oct 9, 2008 11:20am
Frosty,

Nice job showig the profitabilty of the system and outlining pitfalls to avoid!

Nanningbob,

Great system started demoing last night with the Dragon (GBP/JPY) got a bit scary for a bit but she I escaped with only minorly singed hair and a good chunk of her Booty. Live in 2-3 weeks and I'm going to be a bigger copy cat than Frosty as I'll only trade 6pm EST-6am EST.

Thank you Both,
  • #38
  • Oct 9, 2008 5:19pm Oct 9, 2008 5:19pm
Quoting hilmy83
If nanningbob or any programmer can fix the EA to not trade when the spread widens than normal, and to not allow slippage larger than 2-3 pips. That will take care of problems #1 and #2
News, slippage, spread widening is not an issue with this EA. The program needs to be reentering every 40 pips. Even if it misses by several pips it needs that reentry or the profitability wont work right, so we wont be doing that. The issue is not the EA right now. The issue is staying out of the market during the hot times and staying away from currencies that are being crushed by market news. The world is in deep financial trouble and all indicators, trading philosophies, etc. simply are not designed for this type of action. I am only trading the off hours and am staying out of the USA market. There is no one person or system that can correctly predict these market swings. There are times when not trading is the best course of action. Go back two months and you will find noone who predicted the Euro would be under 135 right now. In fact I read an article from a guy who predicted a bounce and the Euro would go over 160, ha ha ha egg on him.
  • #39
  • Oct 9, 2008 6:01pm Oct 9, 2008 6:01pm
Quoting nanningbob
Go back two months and you will find noone who predicted the Euro would be under 135 right now. In fact I read an article from a guy who predicted a bounce and the Euro would go over 160, ha ha ha egg on him.
No kidding. It honestly scares me to think that the dollar is doing 'well' with all of the news, bailouts, etc. It makes you realize just how bad the entire world is doing right now. On the plus side, that European vacation is getting cheaper by the day!
  • #40
  • Oct 9, 2008 6:10pm Oct 9, 2008 6:10pm
Quoting FrostCall
No kidding. It honestly scares me to think that the dollar is doing 'well' with all of the news, bailouts, etc. It makes you realize just how bad the entire world is doing right now. On the plus side, that European vacation is getting cheaper by the day!
People are fleeing investments and putting their money where they think it is safe. The USA is considered the most stable government and strongest currency in the world. Most people do not realize we have the oldest continuing govt. in the world today. When the USA got started everyone else had kings or emperors. In contrast, almost all European govts have had 2 or 3 different govt. in the last 100 years. We have the most powerful and stable currency in the world, nearly half the govt. of the world use the USD as their benchmark or as the basis for their currency. If you wanted to have a safe haven for your money the USA is it. If we collapse, we take the whole world with it. So despite a 40% decline in the stock market the Dollar has increased in value.
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