FX_30M Bouncing System | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Bouncing Pip 26 replies

Price bouncing off of sma 2 replies

Developing a correlated bouncing system 9 replies

bouncing candle indicator 0 replies

Price bouncing off support or resistance,your thoughts 11 replies

Attachments: FX_30M Bouncing System
Exit Attachments

FX_30M Bouncing System

  • #381
  • Mar 31, 2009 8:09am Mar 31, 2009 8:09am
currymonster, I've been trading the R8 live on IBFX.
Quoting currymonster
Thanks for the great method and EA Siobhi. Two trades today but I am running on 15 and 30 min eur usd. No trades yesterday.

Running on an IBFX demo- IBFX are known as tyhe worst broker for running EAs but curious to see if it trades live. Will put it live next week on 0.01 lots just for curiosity sakes!

Thanks again!

Cal
  • #382
  • Mar 31, 2009 9:07am Mar 31, 2009 9:07am
Quoting qz10cq
Siobi, guys, trading 10 pairs all with less than 10 spread on FXDD, lots .1 using r9 with slope true. Since open of markets Sunday. I've had 4 trades for a total profit of +5 and all of them were winners. Siobi maybe it's to safe? I don't know exactly what you did between r8 - r9 (about the 1 pip profit thing) but it seems that only trailing stop was the way to go? Will test remainder of week and keep you informed....Dan
I had also inserted a move step profit protection of 1 pip once the price is in our favor of 10 pip
  • #383
  • Mar 31, 2009 9:12am Mar 31, 2009 9:12am
no trades this week on default.....so far
  • #384
  • Mar 31, 2009 10:45am Mar 31, 2009 10:45am
Quoting siobi
I had also inserted a move step profit protection of 1 pip once the price is in our favor of 10 pip
To make it clear for myself and others:

* Plus 10 pips means the EA will kick in and protect 1 pip

* Plus 20 pips means trailing stop is kickin in so your protected

* If your above the 200 ma it only takes long trades

* If your below the 200 ma it only takes short trades

* The 30m slope must agree with the 1hr slope for a trade to be taken

**** GOOD THINKING SIOBI.

This sure sounds like a winner. Lets see how it plays out. Only thing I could suggest is to have the 30m slope agree with the 4hr instead of the 1hr. A trailing stop starting at 10 and increasing as profit increased would be nice. Last night I was up 16-17 pips and ended with 1 (not complaining) but could have had 6-7 which is BIG difference. My 4 trades could have been 30 instead of 5. Great EA Siobi, Thank you...
  • #385
  • Mar 31, 2009 11:09am Mar 31, 2009 11:09am
I have no trades yet this week either. I checked everything and looks all right. In the Experts tab I found some messages saying 1. Slope direction line deinitialized, then 2. Slope Direction Line uninit reason 5, then 3. Slope Direction Line initialized. Is there a problem with this? What else can I check? I am on EUR/USD 30M ITFX demo.
  • #386
  • Mar 31, 2009 3:47pm Mar 31, 2009 3:47pm
Quoting paradoxical
besiege, the .2 lots should have nothing to do with whether or not it makes trades. The price feeds are different between the two brokers. ON occasion, one will make a trade, and the other won't.
My settings are to trade all day, which is; Close hour 30, Hour Start 0, and Hour End 24.

Paradoxical,
I agree on the lot size, and I didn't believe that was the problem, but that is the only thing I saw different from your pictured chart. I don't have all day set up. when I back tested it seemed to do better on the japan session...everything else I have set up is default, other then TP and SL. which I adjusted to what I believed works best for me. Thanks for the help and happy trading.!
  • #387
  • Mar 31, 2009 5:53pm Mar 31, 2009 5:53pm
Am in a sell trade at 1.3241 that traded at 22:01 IBFX time (GMT). Was down 18 pips but now coming back around. Down 12.
  • #388
  • Mar 31, 2009 6:04pm Mar 31, 2009 6:04pm
Quoting paradoxical
currymonster, I've been trading the R8 live on IBFX.
That's good news, your results are on a par with the demo? They have a bad reputation live for EAs I've witnessed the requotes etc myself before.

Cheers para dude!

Cal )
  • #389
  • Mar 31, 2009 6:10pm Mar 31, 2009 6:10pm
Quoting qz10cq
To make it clear for myself and others:

* Plus 10 pips means the EA will kick in and protect 1 pip

* Plus 20 pips means trailing stop is kickin in so your protected

* If your above the 200 ma it only takes long trades

* If your below the 200 ma it only takes short trades

* The 30m slope must agree with the 1hr slope for a trade to be taken

**** GOOD THINKING SIOBI.

This sure sounds like a winner. Lets see how it plays out. Only thing I could suggest is to have the 30m slope agree with the 4hr instead of the 1hr. A trailing stop starting...

thanks!!! good idea of comapring 4H....
  • #390
  • Mar 31, 2009 7:42pm Mar 31, 2009 7:42pm
I've been trading manually with the r9 method and I think it's enough to have:

ADX 5m - down
ADX 15m - down
SD 240 - Short
SD 30 - Short
PSAR 30 - Short
PSAR 30_1 - Short

Having at least this I have had good results manually, to buy you have to wait for the opposite.
  • #391
  • Mar 31, 2009 8:20pm Mar 31, 2009 8:20pm
Can't say for a demo IBFX account, as I'm trading it live only, and only at .2 lots. The trade mentioned earlier was down, but reversed and closed for a 9 pip profit, due to the trail stop. As it stands, would have 29 PIPS more profit if I didn't have a trail stop. Not complaining.
Quoting currymonster
That's good news, your results are on a par with the demo? They have a bad reputation live for EAs I've witnessed the requotes etc myself before.

Cheers para dude!

Cal )
  • #392
  • Apr 1, 2009 6:26am Apr 1, 2009 6:26am
I did some backtesting of the last four weeks to compare R8 to R9 results.
I used Siobi settings, both safe and aggresive and my own favorite R8 setting.
The results in the attached Excel surprised me a bit because it mostly showed R8 did better than R9. Maybe I got something wrong or missed something. If anybody else can do some backtesting and let me know if he gets other results I'll be thankfull.

So far I'm running R8 on live account (0.04lot) with great results and R9 on demo account (separate insallation) with almost no trades.

For the meantime I'll stick to R8 until R9 results are more conclusive.

Thanks again Siobi, I can't stop being amazed by this EA.

Oren
Attached File(s)
File Type: xls R9vsR8.xls   14 KB | 404 downloads
  • #393
  • Apr 1, 2009 7:38am Apr 1, 2009 7:38am
Quoting qz10cq
Siobi, guys, trading 10 pairs all with less than 10 spread on FXDD, lots .1 using r9 with slope true. Since open of markets Sunday. I've had 4 trades for a total profit of +5 and all of them were winners.
Had 2 more winners, both were up 16-17 pips and ended with +1. 6 wins total profit +7. The NFP on Friday always makes the markets strange for that week. Will keep you informed.
  • #394
  • Apr 1, 2009 9:31am Apr 1, 2009 9:31am
still no trades this week since switching to r9. will update.
  • #395
  • Apr 1, 2009 9:39am Apr 1, 2009 9:39am
same here, no trades with r09. switched back to r08
  • #396
  • Apr 1, 2009 9:41am Apr 1, 2009 9:41am
Thanks for taking the time to post the back test results. While back test results aren't always accurate, I think that you can still get a sense for the difference between two EAs using slightly different entry parameters. Also, your test shows that the setting of 100 TP, 100 SL, and 20 pip trail stop is the best, which are the same results as previously reported by Siobi.
Quoting Orenn
I did some backtesting of the last four weeks to compare R8 to R9 results.
I used Siobi settings, both safe and aggresive and my own favorite R8 setting.
The results in the attached Excel surprised me a bit because it mostly showed R8 did better than R9. Maybe I got something wrong or missed something. If anybody else can do some backtesting and let me know if he gets other results I'll be thankfull.

So far I'm running R8 on live account (0.04lot) with great results and R9 on demo account (separate insallation) with almost no trades.

For the...
  • #397
  • Apr 1, 2009 11:50am Apr 1, 2009 11:50am
Hello Everyone,

I have tried back testing, forward testing etc and the ea wont open trades on either.

I am using R9 on Alpari (5 digit).

Help!!!!!

Cheers

Shinny
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #398
  • Apr 1, 2009 1:19pm Apr 1, 2009 1:19pm
A small win of 3 pips at 15:00 hours on a sell. Stopped out with the 20 trailing stop by only two pips before it continued on it's way. Would be plus 36 at this time if not stopped out. But, I go with the law of averages and that a 20 PIP trail stop has worked in the past. I think it will all work for the best in the long run. I'll take wins, no matter how small, instead of losses, no matter how small, any day of the week.
  • #399
  • Apr 2, 2009 9:19am Apr 2, 2009 9:19am
Quoting Orenn
I did some backtesting of the last four weeks to compare R8 to R9 results.
I used Siobi settings, both safe and aggresive and my own favorite R8 setting.
The results in the attached Excel surprised me a bit because it mostly showed R8 did better than R9. Maybe I got something wrong or missed something. If anybody else can do some backtesting and let me know if he gets other results I'll be thankfull.

So far I'm running R8 on live account (0.04lot) with great results and R9 on demo account (separate insallation) with almost no trades.

For the...
Were your tests running the EA 24 hours or just the asian session

thx
Nick
  • #400
  • Apr 2, 2009 10:12am Apr 2, 2009 10:12am
100 PIP loss last night on a sell at 1.3265, using R8 version
0 traders viewing now