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FX_30M Bouncing System

  • #281
  • Edited 11:36am Mar 23, 2009 11:21am | Edited 11:36am
I predict we'll be "state of the art" very soon!

Hope it's before I go under financially!

PS:When fapturbo wins, it wins fairly small. When it loses, although less often, it loses BIG! ...At least lately and with my default "scalp" only settings. Too scary for live, at least for me.

Hope they keep working on it and not so much the sales part of it. It's always nice to have different avenues to profitability!

...But like I said, I think good things are in store for us, here!!!

PPS: Still no trades on my fxdd live acct. so went down to 1 cent per pip. If it didn't work then on live fxdd, don't think it will now. Must be some kind of tick data filter or something, or maybe not... . So pessimistic I am sometimes! LOL
  • #282
  • Mar 23, 2009 11:49am Mar 23, 2009 11:49am
Quoting siobi
hi all,
I had carefully gone through R8 and found that the main problem for the last losing trade of 100 pip is due to the redraw of Slope Direction Line!!!

in R9 dated 23th version, I'll take care of it and hope this will not happend again.

tentative release date will be on 29-Mac-2009.

Regards,
siobi
Thx Siobi I'll look foward to it. 15 pips last night thank you. I currently have the EA set to 15sl and 15tp. So far 5 winners and one loser

best wishes
Nick
  • #283
  • Mar 23, 2009 11:49am Mar 23, 2009 11:49am
Quoting Orenn
Siobi, All,
Did some backtests. Results attached.
I run the tests on the last 3 week. Since I'm running this EA in demo for the last 2 weeks logging all activity I was able to tell that the backtests are pretty close to what hannped in real time.
I checked different Stop loss, Take profit and Trailing Stops.
I even checked what happens on 15M time frame and how r7 is doing.
Oren
I am very much interested in your results. Is your backtest result from trading Japanese Session only, or trading 24/5?
  • #284
  • Mar 23, 2009 2:17pm Mar 23, 2009 2:17pm
Quoting nickmead
Thx Siobi I'll look foward to it. 15 pips last night thank you. I currently have the EA set to 15sl and 15tp. So far 5 winners and one loser

best wishes
Nick
Nick I have mine set to 20tp/20sl/10ts. Playing 5 pairs 24/5, my 3000 demo account is down 60 pips with 19 trades taken since last night. Do you trade 24/5?
  • #285
  • Mar 23, 2009 2:40pm Mar 23, 2009 2:40pm
Two trades on my live IBFX account last night for one pip each. Mde 20 cents! Will look into changing the TP and SL settings after reviewing siobi's spreadsheet settings.
  • #286
  • Mar 23, 2009 2:53pm Mar 23, 2009 2:53pm
michaelhryu - The becktests are 24/5

qz10cq - Which pairs are to playing?
I am also running this EA on several pairs for a few days now I chose pairs I usally work on my manual trading (and use 25sl 100tp 20ts). Maybe its too soon to tell but my current impresions are:

None make the winning precentage of the EU
USDJPY - more winners than lossers
GBPUSD - 50/50 but winners run long
EURGBP - very few trades mostly losers
EURJPY - more lossers than winners (looks like the EA chooses the worse timing for entering this pair)

Anything sounds familiar? let me know

Oren
  • #287
  • Mar 23, 2009 3:15pm Mar 23, 2009 3:15pm
Just writing the last post the pairs decided to prove me wrong:
USDJPY took a loosing trade and EURJPY is currenty +40pips and going.
Not going to mess up with these guys again..,

Oren
  • #288
  • Mar 23, 2009 3:56pm Mar 23, 2009 3:56pm
Dan, maybe you need to switch to IBFX!! LOL
I'm on my way to financial freedom. Had two wins in a row at 1 pip each for a profit of .20
Hurry on over.
Quoting Dan Johnston
I predict we'll be "state of the art" very soon!

Hope it's before I go under financially!

PS:When fapturbo wins, it wins fairly small. When it loses, although less often, it loses BIG! ...At least lately and with my default "scalp" only settings. Too scary for live, at least for me.

Hope they keep working on it and not so much the sales part of it. It's always nice to have different avenues to profitability!

...But like I said, I think good things are in store for us, here!!!

PPS: Still...
  • #289
  • Mar 23, 2009 4:35pm Mar 23, 2009 4:35pm
Quoting paradoxical
Dan, maybe you need to switch to IBFX!! LOL
I'm on my way to financial freedom. Had two wins in a row at 1 pip each for a profit of .20
Hurry on over.
LOL. I have an acct. with ibfx also. Just not trading live with them at the moment any more. Will prob. trade both accounts at some point. At least I hope.

We shall see....
  • #290
  • Mar 23, 2009 5:18pm Mar 23, 2009 5:18pm
siobi, in looking at your spread sheet, looks like a TP and SL of 100 is the best setting on both the 15 minute and 30 minute time frames, with a 20 trail stop.
  • #291
  • Mar 23, 2009 6:40pm Mar 23, 2009 6:40pm
Quoting qz10cq
Nick I have mine set to 20tp/20sl/10ts. Playing 5 pairs 24/5, my 3000 demo account is down 60 pips with 19 trades taken since last night. Do you trade 24/5?
I am currently just trading asian market on EU only

Nick
  • #292
  • Mar 23, 2009 8:38pm Mar 23, 2009 8:38pm
Quoting Orenn
michaelhryu - The becktests are 24/5

qz10cq - Which pairs are to playing?
I am also running this EA on several pairs for a few days now I chose pairs I usally work on my manual trading (and use 25sl 100tp 20ts). Maybe its too soon to tell but my current impresions are:

None make the winning precentage of the EU
USDJPY - more winners than lossers
GBPUSD - 50/50 but winners run long
EURGBP - very few trades mostly losers
EURJPY - more lossers than winners (looks like the EA chooses the worse timing for entering this pair)

Anything sounds familiar?...
Orenn, I'm trading all pairs that have 10 or less spread. Testing a 20tp/20sl/and a 10 trailing stop. I'm down 120 pips since last night's open. I'll give another day or so with these settings and then keep testing till something works. Actually listening to Siobi is what works here. One pair only (eur/usd) and the european session only.
  • #293
  • Mar 24, 2009 2:17am Mar 24, 2009 2:17am
hi guys....

if market is in trend... this EA can grab the 20 pip easily... but if not... it tooks around 4 BARs to take the profit...

any longer bar always resulted bad trade...

I think the SL 100 pip is abit off...

the draw down of this EA is about 20~30 pip after the trade open.

I'm thinking to put in step pip to grab the pulback/retracement once the DD happend for about 30 pips.

eg:
SELL at 1.2345, SL = 1.2445, TP 1.2325.

price go high at 1.2375, then I check the higher timeframe trend, if it is still DOWN trend in action, then I add in another
SELL at 1.2375, SL 1.2445, TP 1.2345

since R9 had taking good care of false signal as of today, I'm thinking of addin this step in feature to further hunting more pips during the retracement/pullback.

this concept might be only working for EUR/USD pair as it nature is always retrace and pullback within 200~300 pip range in a day.

PS: dont play too much on the sl and TP, due to market condition, it doesnt help much.

TP of 20 pip is reasonable for 30M
SL of 100 pip is NOT reasonable for 30M, but if I can figure out the best entry time, I dont need the step pip...

perhaps....

I can !!!

hahah while writting this, I'm thinking of another idea!!!

good .... later will share it out!!!
  • #294
  • Mar 24, 2009 3:26am Mar 24, 2009 3:26am
Hi Siobi,

Many thanks for sharing your trading system. I just found this thread about 30 minutes ago. I loaded the template, indicators and EA about 10 minutes ago. I turned on the EA, and the system has already made me 25 pips profit!

At this rate, I'll be rich by morning! LOL

In one of your posts, you stated that this system works in any time frame other than during news events. Should I continue to run the EA, even though I have already made more than 20 pips for the day? Or can I continue to make more trades throughout the day?

Best regards,
Bob in Wisconsin
  • #295
  • Mar 24, 2009 3:40am Mar 24, 2009 3:40am
daily target was set to 20 pip...
this is my way of trading...

I had a big loss.... last round... -100 pip...
still feel the pain...

anyway, I'll stick to my trading plan as 20 pip per day.
  • #296
  • Mar 24, 2009 4:41am Mar 24, 2009 4:41am
Quoting siobi
daily target was set to 20 pip...
this is my way of trading...

I had a big loss.... last round... -100 pip...
still feel the pain...

anyway, I'll stick to my trading plan as 20 pip per day.
Looking forward to testing your V9, Siobi are you averaging 20 pips daily? Do you only trade one session daily? One loss equals 5 wins. V9 sounds safer than ealier versions. Are you only trading eur/usd? I really like this ea and it sounds like it's getting better.....Thanks
  • #297
  • Mar 24, 2009 5:12am Mar 24, 2009 5:12am
hihi,

I'm able to make 20 pip perday...

like my previous day, I was able to grab 9 pip and that is!!!

I only trade EUR/USD (because it is always hving huge retrace /pullback)

I like EU because less spread

I like to trade for all time zone today except News date..

R9 later version Mac 24 was completed today with below's setting:

1) PSARFac = 60
2) SL = 50 pip
3) TP = 30 pip
4) TS = 15 pip

resulted very well...

hi dan in reading, the one I send to you is Mac 23,
later I'll send this Mac 24 to you....

Release date and backtest result will be posted very soon next week sunday...

Good luck guys and happy pipping!!!
  • #298
  • Mar 24, 2009 8:46am Mar 24, 2009 8:46am
A 16 PIP win on the EUR/USD last night when it hit the trail stop. Also a 9 PIP win on the GBP. Both live trades. The GBP/USD works very well so far. As someone reported in a previous post, the other pairs don't work so well.
  • #299
  • Mar 24, 2009 3:17pm Mar 24, 2009 3:17pm
Quoting siobi
hihi,

I'm able to make 20 pip perday...

like my previous day, I was able to grab 9 pip and that is!!!

I only trade EUR/USD (because it is always hving huge retrace /pullback)

I like EU because less spread

I like to trade for all time zone today except News date..

R9 later version Mac 24 was completed today with below's setting:

1) PSARFac = 60
2) SL = 50 pip
3) TP = 30 pip
4) TS = 15 pip

resulted very well...

hi dan in reading, the one I send to you is Mac 23,
later I'll send this Mac 24 to you....

Release date and backtest result...
Thank you Siobi, but I may already have latest version. Not sure.

You can send latest anyway and I'll just replace the one you see below. (No trades on r9 yet - maybe because I have Feb. 22 r7 running on same account?)

(Last trades you see are r7 trades)

Thanks again!
Attached Image (click to enlarge)
Click to Enlarge Name: no trades 3 24.gif Size: 49 KB
  • #300
  • Mar 24, 2009 5:44pm Mar 24, 2009 5:44pm
hi dan,
please take a close look at R9 on the date... the latest one is dated Mac24 which I send couple hours ago...

YES... it cannot run together with other version of FX_bouncing as I'm checking it on the magic number....

anyway... R9 no result for 24-Mac yet....
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