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Is This My Holy Grail EA :D

  • #1,521
  • Oct 25, 2008 9:30pm Oct 25, 2008 9:30pm
Quoting Toothman
Back in Feb. you supplied us with a spread sheet on 7yr. currency facts. It lists how many times a pair moved more than so many pips in a day. I don't know how you got a hold of this information. Do you know whether there's any information out there that would allow you to see how far a pair has ever moved in one direction before it made a 100 pip retracement? I'm interested mainly in the EUR/USD. Since June I'm pretty sure it hasn't moved more than 500 pips without a 100 pip retracement but I'd like to go back several years. Thanks for any help.
To get info on each currency, go to the 1D chart, then go to the file in upper left hand corner. Do a save as and it will download all the information into and excel worksheet. Take your high column and your low column and subract and then put into high to low sort. You will then get the biggest day moves at the top and the dates. Go to that date on the one day chart, cycle down to a 1h or 15m chart and check to see if you get your retracement. I have checked just about every major currency and until 3 weeks ago, I always found a big enough retracement to take profit or to get out with a small loss. However, since we have entered financial panic that truth has not held up in some cases.

I have downloaded and sorted the info last week and here is my excel on the eur/usd.
Attached File(s)
File Type: zip EURUSDm1440.zip   58 KB | 392 downloads
  • #1,522
  • Oct 25, 2008 9:39pm Oct 25, 2008 9:39pm
Quoting Toothman
I guess in a worst case situation you might need a 139 pip retracement with the 100/40 depending on where your last trade was.
That is why I went with the daily trend so the majority of times you are going with the trend and dont have to worry about getting a big retracement against the trend. You only need to get a 50-60 pip retracement to escape with a small loss. That is why I loved the system so much. However, I can only recommend these pairs for trading and even then they can go outside of the EAs range like the Eur/chf.

These are the currency pairs that have shown to stay within the range of the EA the last 3 weeks.

Aud/Nzd, Chf/jpy, Eur/Cad, Eur/Chf, Eur/Gbp, Eur/USD, USD/Jpy, USD/Chf
However, most have pushed the envelope to the limit at times. These are the ones I am trading at his point of time. The pound is just simply a nightmare at this point and not worth even trying to trade unless you want to sit at your computer and monitor all day. If you are around to monitor the computer you could try one risk currency, like the GBP/CHF, or Eur/jpy. I was using the GBP/Chf and it was doing good until Thursday.
  • #1,523
  • Oct 25, 2008 10:14pm Oct 25, 2008 10:14pm
Thanks much Bob.
  • #1,524
  • Edited 10:32pm Oct 25, 2008 10:29pm | Edited 10:32pm
These are the currency pairs that have shown to stay within the range of the EA the last 3 weeks.

Aud/Nzd, Chf/jpy, Eur/Cad, Eur/Chf, Eur/Gbp, Eur/USD, USD/Jpy, USD/Chf



It almost killed me Thurs day night....Draw down was massive. Trading a penny it was well over $300.(Granted that night was a nighmare for the Asian/Lodon session) The Pound against both the $ and Yen saved me...I was able to ride back up to just a small loss. It was my second day live and I almost Carped my pants.
  • #1,525
  • Oct 26, 2008 1:55am Oct 26, 2008 1:55am
Quoting Jimbop
These are the currency pairs that have shown to stay within the range of the EA the last 3 weeks.

Aud/Nzd, Chf/jpy, Eur/Cad, Eur/Chf, Eur/Gbp, Eur/USD, USD/Jpy, USD/Chf



It almost killed me Thurs day night....Draw down was massive. Trading a penny it was well over $300.(Granted that night was a nighmare for the Asian/Lodon session) The Pound against both the $ and Yen saved me...I was able to ride back up to just a small loss. It was my second day live and I almost Carped my pants.
Yes it did do a 400 + run but there was a retrace in the middle of the run to get out of the trade safely. I was on the right side of that trade so did well with it. I got out at the retrace an quit trading early friday. I was basically done by 4AM EST. I had made a profit for the day and didnt want to sacrifice a good comeback after a bad start for the week. These markets are just nightmares right now and if you dont feel comfortable with a currency just dump it. I hope this is not the new norm for currency trading because if it is my range on the EAs arent big enough and to have ranges with 800-1000 pips takes a lot of money even with pennies.
  • #1,526
  • Oct 26, 2008 1:57am Oct 26, 2008 1:57am
Guys, this really isnt the time to be using live money with my EA. Its a nightmare out there. The market is in financial panic.
  • #1,527
  • Oct 26, 2008 6:14am Oct 26, 2008 6:14am
Quoting akukaya
Hi El Salon,

attached the pivot indi, I got it from FF too.

Update is today trades and the last 2 days results
limit profit is available in Bob EA, mine target per day closeall when reach 4 dollars with deposit of USD80. Just today due to 1st profit hit so fast9few minutes after my previous post, I start it again and still hit profit.

I have appreciated your very positive results but it doesn't seem me to have seen a version of the EA that has integrated the filter Pivot that you have proposed: I don't believe that manually use the filter Pivot!
It is possible to share the version of this EA with implemented this filter?
Thanks
Frapaca
  • #1,528
  • Oct 26, 2008 6:26pm Oct 26, 2008 6:26pm
There were several 2-300+ gaps this morning. I would not trade today after last Fridays meltdown. Some days the best trading system is to not trade. My EA was only designed to handle markets of 3-400 points and we are way beyond that right now. So I will not be trading live today.
  • #1,529
  • Oct 26, 2008 6:28pm Oct 26, 2008 6:28pm
Quoting FRAPACA
I have appreciated your very positive results but it doesn't seem me to have seen a version of the EA that has integrated the filter Pivot that you have proposed: I don't believe that manually use the filter Pivot!
It is possible to share the version of this EA with implemented this filter?
Thanks
Frapaca
If you dont believe in manual trading this EA is not for you. The pivot system is placed so you can intervene in bad trades. Good luck.
  • #1,530
  • Oct 26, 2008 6:34pm Oct 26, 2008 6:34pm
Quoting nanningbob
There were several 2-300+ gaps this morning. I would not trade today after last Fridays meltdown. Some days the best trading system is to not trade. My EA was only designed to handle markets of 3-400 points and we are way beyond that right now. So I will not be trading live today.
Hallo Bob!

I am settled into the new house now with technique up and running! Poor summer for me and the fall does seem to get only slightly better! I hope you are fine in Nanning and are getting forward with the school in the new buildings!

I will return to my normal schedule here from now on and will be around more often. (Reading up on your thread here is a must then!!). Did you see the crazy gaps and spreads on IBFX? I guess I am closing my 5 accounts with them. They are hunting for my money and I have seldomly seen a broker turn from Paulus to Saulus in a such a short period of time.

Well, see you in a short while! I will catch up on your things here!
Ciao!
Matt - Gnat
  • #1,531
  • Oct 26, 2008 7:03pm Oct 26, 2008 7:03pm
Quoting Gnat
Hallo Bob!

I am settled into the new house now with technique up and running! Poor summer for me and the fall does seem to get only slightly better! I hope you are fine in Nanning and are getting forward with the school in the new buildings!

I will return to my normal schedule here from now on and will be around more often. (Reading up on your thread here is a must then!!). Did you see the crazy gaps and spreads on IBFX? I guess I am closing my 5 accounts with them. They are hunting for my money and I have seldomly seen a broker turn from Paulus to Saulus in a such a short period of time.

Well, see you in a short while! I will catch up on your things here!
Ciao!
Matt - Gnat

I did not believe it until I just saw it for myself...

10 pip spread on eur/usd, usd/jpy and gbp/usd????

15 pip spread on usd/chf???

What the heck are they thinking? Glad I am still on demo.
  • #1,532
  • Oct 26, 2008 7:55pm Oct 26, 2008 7:55pm
Quoting Gnat
Hallo Bob!

I am settled into the new house now with technique up and running! Poor summer for me and the fall does seem to get only slightly better! I hope you are fine in Nanning and are getting forward with the school in the new buildings!

I will return to my normal schedule here from now on and will be around more often. (Reading up on your thread here is a must then!!). Did you see the crazy gaps and spreads on IBFX? I guess I am closing my 5 accounts with them. They are hunting for my money and I have seldomly seen a broker turn from Paulus to Saulus in a such a short period of time.

Well, see you in a short while! I will catch up on your things here!
Ciao!
Matt - Gnat
Hey Matt, welcome back. Hey they are doing what every profitable company does, protect their investment. I guess you will be doing the same thing. I will sit on the sidelines for a bit and see what happens. I read this morning that 23% of USA mortgages value is greater than the value of the house. That means these wild markets are here to stay, I am afraid. I am working on tightening the entrances. Send me an email, I have something I want to share when you have time.
  • #1,533
  • Oct 26, 2008 8:19pm Oct 26, 2008 8:19pm
Quoting toyoproxo
I did not believe it until I just saw it for myself...

10 pip spread on eur/usd, usd/jpy and gbp/usd????

15 pip spread on usd/chf???

What the heck are they thinking? Glad I am still on demo.
I think the spreads have a lot to do with the sunday evening and lack of traders. I suspect we will see normal trading spread conditions ( better spreads) by tomorrow morning I suspect they will still be higher but not 12-15 on majors more like 4-7 on majors which is still high but you need to remember the markets do not have near the liquidity they had 3 months ago IBFX had a huge portion of Lehman Bro. as a providor so that is now gone under I suspect the spreads to be higher for a long time.....
M4X............ Hedging My Way To Profits!
  • #1,534
  • Oct 26, 2008 9:53pm Oct 26, 2008 9:53pm
Here is a good article on whats going on in the market place. Also why all the government bailouts probably wont work or they will only stall the inevitable.

http://market-ticker.denninger.net/a...lling-You.html

enjoy or not enjoy
  • #1,535
  • Oct 27, 2008 12:03am Oct 27, 2008 12:03am
I have noticed IBFX has enlarged all the GBP spreads. After what happened Friday I guess it doesn surprise me. I also see some complaints from other brokers increasing spreads now too. Will see what happens. I am only trading the Aud/nzd right now. HMMMMMMMMMM what a market.
  • #1,536
  • Oct 27, 2008 1:45am Oct 27, 2008 1:45am
Quoting nanningbob
I have noticed IBFX has enlarged all the GBP spreads. After what happened Friday I guess it doesn surprise me. I also see some complaints from other brokers increasing spreads now too. Will see what happens. I am only trading the Aud/nzd right now. HMMMMMMMMMM what a market.
The spreads on the aud/nzd have been leaping all over the place, as much as 40 pips at times (start of the Euro market)
  • #1,537
  • Oct 27, 2008 7:17am Oct 27, 2008 7:17am
All the spreads for IBFX have gone back to normal. I think either they or their bank feeds were over reacting to last Fridays meltdown. I am having another nice day with the AUD/NZD. Also trading eur/gbp. I decided to be super conservative today.
  • #1,538
  • Oct 27, 2008 7:23am Oct 27, 2008 7:23am
Spreads began to narrow with IBFX a few hours after market opened last night. They are now back to normal this Monday AM EST. Maybe this is only going to be a Sunday night problem. I called IBFX last night and they said they have no control over their spreads .??
  • #1,539
  • Oct 27, 2008 10:41am Oct 27, 2008 10:41am
this is the reason why i don't trade until monday afternoon (asian session) The gaps are sometimes too large and you have a very quick fill in. So I think we should wait for the market to settle down before we jump in for the new week
  • #1,540
  • Oct 27, 2008 12:45pm Oct 27, 2008 12:45pm
Quoting Toothman
I called IBFX last night and they said they have no control over their spreads .??
From the way I understand it, they have very minimal control. They (like most other forex brokers) offer retail (stuff to us) using other, much larger brokers that we don't have access to. Hence, they pass down prices and spreads and probably add on 1 pip or so for their profit.
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