FX_30M Bouncing System

OK, stifland. Congrats on your new job, too. Anyone working today should consider themselves fortunate.

One of my accounts seems to have a "magic touch" so far.
The others have been stopped out with 50 sl, and last trade still running I suppose if using 100 pip sl.

Anyone still have that ibfx 1.2949 buy still running waiting to hit the 100 pip stop, or 20 tp? (v104r8)

Hello Siobi,

I recently came across this thread and decided to join it. Thanks for the EA and all the support that you are providing. It is greatly appreciated.

I have copied the indicators, EA, and template from post #1 on two different computers running demos from two different brokers, one with 5 decimals (FxPro) and the other with 4 decimals (Forex.com). On EurUsd 30Min, the EA settings are as follow:
Lots 0.5
Num_Of_Digit true (for 5 decimal account), false for the other
Close Hour 11
HourStart 0
HourEnd 24 (tried different times)
Spread 2
StopLoss 100
TakeProfit 20
TrailingStop 15

On FxPro demo the EA is running since Monday Mar 9th, I have no trades. I run Strategy Tester from Mar 2 to 6 no trades and no errors reported on the Journal tab.

Today I started running the EA on Forex.com demo, no trades yet. The Strategy Tester from Mar 8 to 10 reported 3 “Order Send error 130” errors in the Journal tab.

The smiley face is on and I am running other EAs OK.

Any help is greatly appreciated. Regards
FxPuppy

This is my other v104r7 IBFX (laptop) results.
Please pay attention only to e/u trades and please note that when it has a losing position (2) it is against slope direction line.

In my opinion, ea must never take a trade AGAINST slope direction line.
It should take a position soon after the close of the first bar that caused the slope direction line to change color.
Again imho, doing so will almost always net us the 20 pips we want on the 30M.

I may be wrong, but it should be noted that the losing positions were toward the end of the previous trend. (Missed getting on the bus but grabbed the bumper and got roughed up.)

Please zoom in and note the last two trades on chart:

In my mind, we should go with the current flow - that being the slope direction line color for 20 pips.

Dan, I see your EA took trades recently, whereas mine didn't. I have the v104 and v106 running 24/5. Oh, well, I guess. Can you send me the laptop that your EA works on?

LOL. You don't want it.

2 laptops (1 I built from spare parts from ebay)
2 desktops (1 I built from scratch in 2000, including beautiful aluminum case -products.s5.com - that one you might want old as it is)

And my 2 year old crappy HP desktop "pride and joy" that currently houses the "magical" demo account.)

you guys gonna fire up the EA for Sunday evening session?? Or does any potential gap post a risk there.

yes, prefecto way to start week.
Fired on 30m and 1m 1 pip apart

My EA not taking any trades on V104 or V106. Smiley face on, live trading on....Damn!!

I just loaded the EA and it scored a quick 20. Great work. I look foward to watching it this week

Just trying to figure out rules still. this 1 minute is active! I know I'm not supposed to trade it Dan! So if you see the 2 short entries, blue slope is UP and PSAR is below. seems odd to short.

When you have it on 1m it may still be looking at the 30m slope dir. line. Don't know the code, so couldn't say definitively.

r8 also looks at ADX 5 and 15 min, so on the 1m chart to get 20 pips, entries will not look as if they are following the 1m slope dir.

On the 1m, unless it's trending nicely, you will usually not pick up 20 pips before the slope line changes color.

On the 30m it's a whole different ballgame. 20 is not that hard if you enter when there are market participants and you enter early on the slope direction color change. (No narrow ranging market.)

That's my take anyway. I could be wrong.

What the bllep!? You "just" loaded your EA and scored a quick twenty!?@! I've had the EA loaded since Friday, and nothing!?
The forex gods have it in for me. That's the only answer.

Results will vary according to r7 or r8 and also different brokers, among other variables.

My results are all over the map also. I do like that fxdd acct. though!

Changed some indicators and templates in it, so I hope I didn't screw it up.

13 and 0 is no joke!

Is there an EA doctor in the house? I need a diagnosis. Dan, how about you and I swapping out laptops? I'll take the one that's 13 and 0, and give you mine after the doctor is done operating on it.

OK, i think I will eschew the 1m after today. 1 thing I didn't know could happen. I am still short 2 entries and nor long 3 entries!
It will hedge. Interesting to see how it works out.
Paradox--do you have other EA's running??

LOL.

Yea, but statistically, I'm way past due for a loss.

Watch it come just as I go live!!!

That's how I managed to save my first live acct. By hedging. HATED EVERY SINGLE SECOND OF IT!!!!!!!

But managed to only lose 1/3 or so of it, from that quick lesson in hedging.


...On one acct. I have a long open at 1.2903.