FX 1M Bounce system

Or some would just go with the obvious 1m strong trend and not bother with any of that other stuff.

....But we have yet to find a foolproof ea concerning trends, or bounces for that matter.
....Siobi's amazing efforts notwithstanding.

Time will tell in both cases though.

Could have held on to the position and made much more, but at $50 a pip even on demo I'm chicken!

An ea would fix that.

Got bored waiting for a signal according to the above posts and decided to play around in between the bollinger bands at non volatile period. What fun that was as can be seen below.

I might keep this hedge on for the duration of this demo account and keep trading. Wonder what swap will do to it?LOL

Hi dan,
I personally do not think that 1M scalping can last long...

perhaps you may try to find the same signal in higher time frame?

the main reason for 1M scalping is because the Live and DEMO account having different price movement depanding on the broker...

I had loss quite an amount of money in live for scalping in 1M.

that is the main reason I switch my stratgy all to higher timeframelike 15M or 30M.

Thanks Siobi!

I actually did trade 1m live some months ago, but like you lost some after having had a decent run.

I do realize I will have to deal with my impatience and trade the 5m or longer.
And also realize that I don't ALWAYS have to be in the market.

Thanks again my friend!

Hi dan,
Are your trying to post your result ?

can you explaint a little on your result?

is it running V106? because I saw the comment and play a guess on it..

what is the time frame u r using ?

I'm now having 2 NB.
let say A and B.
A is always fully EA opan and close.
B is always manual close once I get my 20~30 pip.

I had posted my B result in the forum and later I'll post my A result....

FYI, I had auto EA won 100++pip for the pass 2 days... today is the 3rd day... see how it will do...

Cheers!!!

Hi guys

I put those 2 new eas of feb 22 but no trade has been opened on either one, can you please explain
i use ibfx and put 5 digits false

thanks

Siobi, yes 106 on 15m full automatic. So far so good!!! (I don't know why all sells, but can't complain)

Moshe, v104 now on 30m I think is on post #197 and explaination on post #369 I believe.
v106 now on 15m timeframe is on post 497.
I believe all the posts above contain their respective indicators also which must go in the indicators folder.
(On fxdd broker no opened trades for v104 either yet. Maybe because on 30m it will take less trades, but hopefully more accurate.)

Please post again if further problems.

V104 no open trade on 30M.

I let V106 15M testing to dan...

I need to concern on V104 30M.

For moshebaruh in reading,
I hope you try to post your screen info as below:
1) the version commented on the top left.
2) the smile icon
3) the setting screen
4) your platform using how many digit

Regards,
Siobi

Hi Guys,

Here is the first trade which the 106 EA executed on 15min timeframe for me.

I was away from the computer (not usual, picking up the kids) and did not see what actually happened but it exited for 3 tick before the EURUSD took off and is at +40 now (without me on board).

I guess there is a trailing stop in the EA but I do not know the criteria... If I am at the computer I would usually manage the trade with a different EA which gives me control over stop loss and target.

regards

so.... V106 also in winning huh?

I think the best EA is able to get the max gain, but personally I think best EA is always get the winning trade.

Could have closed this trade manually but I'm testing how ea does it itself:

hm... the EA exit is based on Trailing stop... so no point to test on it... close it when u think u had enough profit.... normally I'll close about 20~30 pip per trade.

I will close all trade always 1 hour after the japan session(regardless win or lose).



Both EA V104 and V106 resulted good profit return...

V104 having more than 85% winning rate.
V106 having more than 70% winning rate.

Past couple of days Siobi's ea is doing better than fapturbo.

(notice last trade - highlighted in blue - which is the trade in my last post that I said I could have closed at +$130, trail stopped at +$10.)

Had I been monitoring the trade on a live account, I would have had 1m, 5m, and 15m charts alongside each other, and would have exited at +$130, knowing that on the 1m chart the cycle would have reversed, and temporarily taken back those nice pips.

I believe that maybe a trade taken on the 15m chart by the ea, would be exited in a better fashion by then looking at the 1m priceaction and exiting by that criteria. That may let the runners gain great pips, while letting the bounces retain more pips - from +13 pips to +1 as per above. That may also mitigate the 100 pip hard stoploss which in time may lead to disaster - at least according to the previous backtests.

It's nice to see the larger pip trades coming in, but we also have many +1 pip trades which under different exiting criteria, may turn into more +13 pippers, again solving the occasional 100 pip hard stoploss which will inevitably get hit on occasion - as it did on my other testing on my laptop.

Even so, very good results thus far!!!

Edit: Hi Siobi, you posted as I was writing this. LOL

Yes, when I go live again, will probably have my favorite templates up (1m,5m,and 15m up alongside each other, and let the ea signal me (VERY LOUDLY) so I can track the trade.
Being on the east coast US, I would prefer to get my sleep while the ea is trading though, so a fully automatic ea would just about make me the happiest person on this planet if not the galaxy! ...And I think, so far at least, it comes damn close to to that - maybe with an exit strategy like above if possible. Maybe move to +1 at a certain #of pips and then exit when 1m priceaction indicators is telling of a reversal.

For some reason I can't get v104 to take any trades on fxdd account for past 3 days when I first started it, so no trades taken on the 30m fxdd so far.

(Above posts are of ibfx v106 on 15m.)

Another interesting fact is that when the above +13 pip trade on v106 entered on this desktop, I heard that "tweet ding" that I mentioned on my previous posts regarding my latest templates I'm playing with. (That was on my laptop in the other room.)

And as I stated, I found that generally when price approaches the outer bollinger bands, it likes to overshoot, in this last case it being worth 13 or so pips, had I closed the trade manually. (And then of course it changed direction and started going up.)

....Maybe only take trades that approach bollinger bands and we know it will overshoot, taking a few pips every time - say 2 or so pips???
....Or It very well may be a stupid idea!!!

Anyway, we are definitely on our way to something very good I think!

Thanks for all the work on this!! It looks very interesting. I am always blown away by people who can create EA's!!!

I read in this thread that there were 7 files to download. I only see the same 2 listed 3 times in the first post. NEVER MIND I see them.

Hi.

Post #568 may help you in getting both ea's and their respective indicators.

Hi dan,
sounds good on the exit strategy, can you explain a bit detail on your idea?


PS: I'm now suffering at SONY to fix BUG....

Oh no!!!

What did I get myself into??!!

Asking your dog or cat to explain itself will probably yield more results.

...Anyway, I "THINK" that if we are taking trades on the 15m, then "MAYBE" looking at the 1m - which certainly is a faster predictive indicator of a trend change may get us out of a wining trade before the retrace does at +1 pip.

I've only been looking at all three charts (1m,5m,15m) together for a few days, as I remember someone saying "only trade one chart" at some point in my fx education. ...There are many ways to skin a ..............(I hate that saying, as I love my cat!!!)
I'm finding that I am getting to start to see synchronicity between these related timeframes, but sadly I'm no genius and it will take time to get the "timing" right, ...if ever.
I will say though, that if trading these timeframes, It is in one's best interest to have all three up together to get a full picture of what may happen in the short term (up to 15m).

....So, although I have different templates etc. on different computers, and so can't fully analyze that last trade at the moment, I believe the 1m timeframe would have told me to exit the trade entered by the ea on the 15m at some point before the retrace leaving me with a # of pips between +1 and +13, but not relying on trailing stops alone.

Maybe one trailing stop to break even or +1 to give us a free trade, and then exit based on lower timeframe priceaction which will certainly respond to what the bears and bulls are doing at that point in time faster.

All that having been said,to put things in proper context, one must realize that I'm certainly no expert!!!...To say the least!