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EOD trading system

  • #581
  • Dec 9, 2008 2:19pm Dec 9, 2008 2:19pm
Quoting Paulus
Hi Howard

Just lost AUDUSD but it may come back by 9pm

Agree on the other 2

cheers

P
That is correct, it is on and off
Regards
  • #582
  • Dec 9, 2008 2:49pm Dec 9, 2008 2:49pm
Hi Tazman , thanks for reply, close of candle on dec4 stoch was 62.3128,
close of candle on dec5 stoch was 62.3476, close of candle on dec8 stoch was 31.3850 and cci was below zero hence reason for getting eod signal, very strange!! Will try to post chart but am not very tech clever.
Geoff
  • #583
  • Dec 9, 2008 2:57pm Dec 9, 2008 2:57pm
Currently on IBFX I see the following setups

GBPCHF short
NZDUSD short
EURJPY short
USDJPY short

EURAUD long

As I understand this system, using wise MM we should enter ALL trades indicated......
  • #584
  • Dec 9, 2008 3:07pm Dec 9, 2008 3:07pm
Hi Tazman , I really am not very clever at things like posting charts so could you tell me how to do it step by step ie. do A then click here and do B etc, for example when I right click on chart I have nothing that says " save as image ". Like I said , am totally useless when it comes to these things, need
idiot proof instructions.
Geoff
  • #585
  • Dec 9, 2008 3:16pm Dec 9, 2008 3:16pm
Quoting attictrader
Currently on IBFX I see the following setups

GBPCHF short
NZDUSD short
EURJPY short
USDJPY short

EURAUD long

As I understand this system, using wise MM we should enter ALL trades indicated......

Those are very different statuses on FXDD. All broker dependent apparently, but should net out the same in the long term.
  • #586
  • Dec 9, 2008 3:20pm Dec 9, 2008 3:20pm
Quoting Geoffrey
Hi Tazman , I really am not very clever at things like posting charts so could you tell me how to do it step by step ie. do A then click here and do B etc, for example when I right click on chart I have nothing that says " save as image ". Like I said , am totally useless when it comes to these things, need
idiot proof instructions.
Geoff
1. on your chart, right click anywhere, you should have a 'save as picture'
2. save it to somewhere you know where it'll be
3. hit reply to this post
4. below the submit reply button there are other options (if not click advanced options)
5. click manage attachments
6. in upload file from your computer, click browse choose the file and click upload
7. click submit reply button
  • #587
  • Dec 9, 2008 3:24pm Dec 9, 2008 3:24pm
The two questions I have are 1) what are we to make of the difference signals between IBFX and Alpari and 2) should we make straight entries or use a 23 percent or 50 percent retracement entry point as has been discussed? Do we have any statistics on the retracement perfromance? Regards, Lynn
  • #588
  • Dec 9, 2008 3:45pm Dec 9, 2008 3:45pm
Quoting lbhales
The two questions I have are 1) what are we to make of the difference signals between IBFX and Alpari and 2) should we make straight entries or use a 23 percent or 50 percent retracement entry point as has been discussed? Do we have any statistics on the retracement perfromance? Regards, Lynn
Entry on retracement gives you a better RRR and gets you quicker to the target but you miss some of the trades and you miss the good ones, that is those which move straight to your target.

Another option is to split the position in half and use both straight and retrace entries with the same stop and target.
Regards
  • #589
  • Dec 9, 2008 5:54pm Dec 9, 2008 5:54pm
I am new in this tread and understanding the enter.

I have this chart in the GBPJPY. Do you consider it a short ?

Best regards
dibanos
Attached Image (click to enlarge)
Click to Enlarge Name: 09 dic gbpjpy diario.gif Size: 13 KB
  • #590
  • Dec 9, 2008 5:57pm Dec 9, 2008 5:57pm
Appears so to me, mine didn't get over the 50 line, but sure looks like yours did.
  • #591
  • Dec 9, 2008 6:00pm Dec 9, 2008 6:00pm
An alternative way to save a chart (as a JPEG- .jpg file extension):

If you don't have it, google for, and download the very useful picture utility "irfanview". (It is useful, though not 100% essential, to download its plugins at the same time).

Install irfanview (which is a very simple process).

With your chart displayed full-screen, hit "shift" and PrtSc (on my keyboard, this is to the right of F12). That has saved the image in a buffer.

Run irfanview and go to "image"->create new (empty) image.

If asked, hit "OK" to take the defaults for colour, etc.

Do CTRL+V to paste the image from the Windows buffer to irfanview's buffer.

Go to "File"->"Save as". Make the filename something meaningful. The default filetype will be .jpg, which is fine.

Uploading the image will be as described earlier.

The process above is a lot simpler than it may read here, when you actually do it! :-)
Regards, Mike Still learning my trade.
  • #592
  • Dec 9, 2008 6:33pm Dec 9, 2008 6:33pm
Hi friends,

Good to see some action again after a few quiet days on the EOD system.

I notice everyone gets slightly different results depending on what bucketshop... er broker... platform we happen to be using. In the long run I don't think it will make that much difference in the results though. However, I could be wrong.

I have backtested on IBFX and they have a "weekend" candle. I think it shows the trading action from Saturday, I'm not sure. Also, I don't know if I should consider it when taking a trade or not. If anybody has any thoughts on that I would like to hear it. I'm using MIG to demo the system and their platform has that small candle too.

I took these trades today:

GBPCHF - Short
GBPJPY - Short
NZDUSD - Short
USDJPY - Short
EURAUD - Long


Dave
  • #593
  • Dec 9, 2008 6:58pm Dec 9, 2008 6:58pm
hi Paulus, I noticed most tough spots lies when we going against the trend (where sma 40(cci) lugging and we go against sma14)- see pict: sma 40 & sma(cci)14
Attached Image (click to enlarge)
Click to Enlarge Name: eod sma 14.gif Size: 22 KB
  • #594
  • Dec 10, 2008 1:48am Dec 10, 2008 1:48am
Dib - yes that is an entry if you load the EOD ind given by Dezil it will give you entry arrows and mark the stop here it is again.

All you do is save it to your desk top in my cash I save it into a new folder i set up called EOD trading

Then right click and copy on the eod ind

then open
C>prog files>Meta Trader>Experts>Indicators

Right click and paste

Then close and open your MT 4 if you have it open

Open the programme and go to top tool bar - Indicators - Custom and you will see it there..

IB - it should even out I just enter without any retracement or refinement

FXX - Thanks for this I will look later if it works and knocks out losers but keeps winners in or a majority of them in we will trial it
Attached File(s)
File Type: mq4 EOD.mq4   5 KB | 623 downloads
  • #595
  • Dec 10, 2008 1:54am Dec 10, 2008 1:54am
9th Dec EURAUD Long 1965 TP 2364 RR 0.96:1 stake £0.83 per pip
9th Dec CADCHF Short 9532 TP 9310 RR 0.52:1 stake £0.82 per pip
9th Dec AUDUSD Short 6575 TP 6406 RR 1.32:1 stake £2.69 per pip

Paulus
  • #596
  • Dec 10, 2008 3:11am Dec 10, 2008 3:11am
Quoting Paulus
9th Dec EURAUD Long 1965 TP 2364 RR 0.96:1 stake £0.83 per pip
9th Dec CADCHF Short 9532 TP 9310 RR 0.52:1 stake £0.82 per pip
9th Dec AUDUSD Short 6575 TP 6406 RR 1.32:1 stake £2.69 per pip
Paulus
Hi Paulus,

I trade Alpari live account and AUDUSD level you mentioned has positive CCi (9.55)
That is not regular signal ?
  • #597
  • Dec 10, 2008 5:33am Dec 10, 2008 5:33am
Quoting Paulus
9th Dec EURAUD Long 1965 TP 2364 RR 0.96:1 stake £0.83 per pip
9th Dec CADCHF Short 9532 TP 9310 RR 0.52:1 stake £0.82 per pip
9th Dec AUDUSD Short 6575 TP 6406 RR 1.32:1 stake £2.69 per pip

Paulus
Hi Paul

Are the SL as indicated by the EOD indicator ?

Thanks
  • #598
  • Dec 10, 2008 8:04am Dec 10, 2008 8:04am
Hi Pervaz

Oppps sorry yes it is and I forgot to put it on Il rectify it later and repost...

I never try to do technical appreciation on any signals but these 3 do look more side than down or up..but hey ho stranger things have happened at sea





Paulus
  • #599
  • Dec 10, 2008 8:08am Dec 10, 2008 8:08am
Hi manistra

My CCI at the time of the signal was showing -0.1521 there fore below 0.00 and the EOD ind selected it.

Perhaps we are in a diff time zone what time did you look and did it give a signal at the very end of the day ?

Cheers

paulus
  • #600
  • Edited 5:18pm Dec 10, 2008 9:43am | Edited 5:18pm
NZD/USD stopped out this morning.

At least it didn't leave me hanging in suspense for long.

Still an excellent trading strategy....

Good set-n-forget method.

-------------------------------------------

Bought USD/CAD today.
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