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Attachments: FX 1M Bounce system
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FX 1M Bounce system

  • #81
  • Dec 26, 2008 6:47am Dec 26, 2008 6:47am
hello is there any boby that has test it with a 5 digit platform like fxpro
  • #82
  • Dec 26, 2008 7:24am Dec 26, 2008 7:24am
Quoting PistolDave
You will probably always notice a difference between the results in a live and demo account -- and usually not in your favor.

Bucketshops are running the show until after the holidays are over so anything can happen -- watch out.

hi there, always open DEMO and live for testing purpose....

I had my live acct BURN.....because of what you mentioned...

scalping is always danger thus EA save scalpers for the best ebtry and exit price...

that is the reason, I set TP at 50 pip which will never achieve!!!

in my EA, my Trailing Stop 5 pip will run the show...
  • #83
  • Dec 26, 2008 7:26am Dec 26, 2008 7:26am
Quoting foe4real
hello is there any boby that has test it with a 5 digit platform like fxpro
ah sorry dude... no time for that, maybe later version.....
  • #84
  • Dec 26, 2008 7:33am Dec 26, 2008 7:33am
http://www.mibbit.com/chat/

channel: #1MBounce
  • #85
  • Dec 26, 2008 8:37am Dec 26, 2008 8:37am
do you think you can tweak a bit so that we can change sp and tp by our selve .i think that will solve our problem of 5 digit

pls am down on my knees
  • #86
  • Dec 26, 2008 12:03pm Dec 26, 2008 12:03pm
Quoting Naresh
I have your EA loaded on my system and it took the same trade. The funny thing is at mine entered at 1.4055 and exited at .4052. From your post I see that your system entered at 1.4055 and exited at 1.4048. Any reason for the difference or is it just the broker? regards

Not exactly good priceaction this time of year I'm sure, thus probably the results shown below. If EA can only "know" not to trade when spreads are too wide. I think that's what did it in this go-round. Highlited trade is the one talked about above, and the trade in the window - one of three stop loss trades - is one of the problem trades. I think the other two bad ones were because of wide spreads. ...I think.

Let's keep this thing going! I think it has GREAT potential!!!
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  • #87
  • Dec 26, 2008 2:50pm Dec 26, 2008 2:50pm
Siobi, Will the EA see an MQ4 version of HA Smoothed candles?
Thanks for the EA, my friend.
  • #88
  • Dec 26, 2008 7:55pm Dec 26, 2008 7:55pm
Quoting Dan Johnston
Not exactly good priceaction this time of year I'm sure, thus probably the results shown below. If EA can only "know" not to trade when spreads are too wide. I think that's what did it in this go-round. Highlited trade is the one talked about above, and the trade in the window - one of three stop loss trades - is one of the problem trades. I think the other two bad ones were because of wide spreads. ...I think.

Let's keep this thing going! I think it has GREAT potential!!!

hi dan,
thanks for the valuable information,
can you explain in detail how to define the wide spread?
I tot it should be standard thru out the currency pair?
  • #89
  • Dec 26, 2008 7:56pm Dec 26, 2008 7:56pm
Quoting winsteadglenn
Siobi, Will the EA see an MQ4 version of HA Smoothed candles?
Thanks for the EA, my friend.
the siobi HAS is depands on HA Smoothed value, it should return the same result....
  • #90
  • Dec 27, 2008 10:50am Dec 27, 2008 10:50am
Hello

i tried attaching the EA to 1M chart, after installing it into expert/indicator folder, but the response i got was "is not an executable file, it needs to be recompile" pls what am i supposed to do?

SIOBI..more greese to your elbow!
  • #91
  • Dec 27, 2008 2:49pm Dec 27, 2008 2:49pm
Hey Umar, Put FX1M Bouncing V102.EX4 into the experts folder, It is not an indicator. Make sure you have put all of the indicators in the experts/indicators folder and put SIOBI STRATEGY.TPL into the first templates folder (not the one under experts). Load the Ero/Usd 1MIN chart. Open the SIOBI STRATEGY Template. Then grab the FX1 Bounce Expert advisor and drag it to the chart.

Good Trading,
TomZ
  • #92
  • Dec 27, 2008 4:46pm Dec 27, 2008 4:46pm
Quoting siobi
hi dan,
thanks for the valuable information,
can you explain in detail how to define the wide spread?
I tot it should be standard thru out the currency pair?
Hello siobi.
I think I speak for everyone when I say thank you for your excellent work.

That day I noticed that the spread was all over the place - sometimes 5 pips or even more probably due to low holiday volume and thus erratic price action. I'm certainly no expert and everything I have learned is from here and other such valuable forums recently.

I can only contribute by posting my demo results and giving my fairly uninformed opinion, so much more capable people such as yourself and others here can take it to the next level.

I must say that I am glad to be alive in a time where people from all over the world can get together and cooperate to this degree.
Seems like nothing is impossible under these conditions!

Today I am on another computer, so I can't post the remainder of that trade day, but I believe there was another 1 or 2 other stop loss trades that day making it a bad day to trade this strategy, and probably ANY strategy.

Thank you, and talk to you all soon.
  • #93
  • Dec 28, 2008 4:57am Dec 28, 2008 4:57am
Quoting Dan Johnston
Hello siobi.
I think I speak for everyone when I say thank you for your excellent work.

That day I noticed that the spread was all over the place - sometimes 5 pips or even more probably due to low holiday volume and thus erratic price action. I'm certainly no expert and everything I have learned is from here and other such valuable forums recently.

I can only contribute by posting my demo results and giving my fairly uninformed opinion, so much more capable people such as yourself and others here can take it to the next level.

I must say...

hi Dan, ot was really a bad day...
I had cross check last week dataand found that the spread is more than 2 pip!

hm... the V103 I'll include the spread feature..
if Ask-Bid > spread... then no trade....

EUR/USD = 2pip..
depanding on platform....
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  • #94
  • Dec 28, 2008 5:02am Dec 28, 2008 5:02am
hi all,

I'm looking forward for valuable feedback as to make this trading system better..

untill today,

I had only one valuable feedback from Dan....
1) Spread flexibility to avoid to trade....

the spread are indeed killing......


Please help to contribute some idea or maybe shall I close this thread because it is not a good trading system perhaps....
  • #95
  • Dec 28, 2008 10:51am Dec 28, 2008 10:51am
Siobi,
Thank you for being so kind as to share your hard work.
I just found your thread on Saturday, and have your template set up to test tonite. Will be glad to share results. I'll be trading mini lots on IBFX with a small live acct. I also have read most of the fxprime, and fx-50 scalping threads from where some of these ideas are from.
What a great idea, to develop an EA that trades rangeing and trending markets!
Again, looking forward to contributing however I can.

Sir Viver.
“The waiting is the hardest part” Tom Petty
  • #96
  • Dec 28, 2008 2:10pm Dec 28, 2008 2:10pm
"Please help to contribute some idea or maybe shall I close this thread because it is not a good trading system perhaps...."

No way!!! LOL
I think this is based on VERY solid foundation, and can only get better as it moves forward my friend.

I'm certain it will build momentum and will be one to watch in no time, so please if at all possible, let's all go forward!

Below are two more trades we must find way to avoid. Perhaps if trade going against us in such fashion, close trade early without waiting for 20 pip stop, somehow. Again I'm no expert, but surely I can post charts. LOL
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  • #97
  • Dec 28, 2008 3:19pm Dec 28, 2008 3:19pm
Siobi,
As I said in previous post, I have not had a chance to test this system yet, but very much looking forward to it. I manually trade / scalp on 1 minute charts now with only ema's and kinonen's 2 cci indicator. I use cross of 5 and 13 ema because their fibboncii #s instead of 6 and 12. My cci settings are 55 for main trend and 21 for entry, again because their fibboncii #s. I stay out when ema's bunched up together and kinonen's indicator changing colors constantly.
As I'm reviewing rules, just wondering, have you tested your system with a little larger trailing stop? 5 pips seem very tight and possibley limiting potential profit. Maybe at least add the spread so you have 7 or 8 pip trailing stop.
Looking forward to your comments.

Sir Viver
“The waiting is the hardest part” Tom Petty
  • #98
  • Dec 28, 2008 5:10pm Dec 28, 2008 5:10pm
You've got to be kidding me, IBFX is showing a 15 to 20 pip spread on EURUSD. Stay away!!
  • #99
  • Dec 28, 2008 5:29pm Dec 28, 2008 5:29pm
It's still weekend spread, will get better after 8pm EST
“The waiting is the hardest part” Tom Petty
  • #100
  • Dec 28, 2008 7:09pm Dec 28, 2008 7:09pm
Siobi,
First 3 trades losers, sell at 1.4107, sell at 1.4111, and sell at 1.4126.
Maybe add as additional filter on bounce sell, fx prime indicator must not be green, and on bounce buy fx prime indicator must not be red.
This would have prevented the 3 losing trades, what do you think?

Sir Viver
“The waiting is the hardest part” Tom Petty
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