Daily Quarter method

If your live account is fine and your demo account is faulty I would contact IBFX and find out if the problem is on their end.

Pupsdad

@$aly

I know you have discussed just a hand full of pairs but is there any reason why you couldn't use this method on every pair available to you?

Is there any reason why this method could work on say USD/CAD or AUD/CAD? Just as an example.

truck

no you can use this method on any pair you want i only prefer these pairs because of their fast moves...
i think if we use combination of pairs it give us green pips

That is what I thought. Since this is a straight mathematical model any pair should work.

I have been trading with three pairs each day. Anyone figured out what number of pairs is optimal? 2,3,4, 5+?

I'm not an EA programmer, but I have input on how to build the EA. If someone can translate this into an EA, it should work out nicely.

H1 chart for whichver pair you choose.

First paramater is the calulation of your day start time. 'DAY START' = 0000 GMT + 'TIME'. 'DAY END' = 2300 GMT + 'TIME'. TIME = The user defined variable to shift the start time to whichever hour they want (eg. +12 if you want the day to start at 1200 GMT, which is 8am Eastern time in the USA ... eg. +7 if you want the day to start at 0700GMT for the London opening).

It should draw a vertical line at 'DAY START' and 'DAY END' with user defined color.

It [the EA] should look for the high/low between those hours inclusive. Again, a user defined color horizontal line should be drawn for each, high/low.

Next it calculates the high - low. A new paramater called 'quarter' is set at high-low/4. If its <200 pips, no trade. If it's >400 pips, no trade.

Next, it looks at the CLOSE PRICE of the 'DAY END' candle.

At 'DAY START', it places the order at the 'DAY END' CLOSE PRICE +/- quarter.

TP = ticket open price + ['quarter' - 10pips].
SL = ticket open price - ['quarter' + 10pips]

The 10 pip buffer on take profit and stop loss is for those times you just barely miss your TP and it retraces (or vise versa for stop hunting).

Also, if neither TP or SL hit, close order at CLOSE of 'DAY END'.

Start over for 'DAY START' to place the next day's trade.

There should be typing in the top-right corner of the chart which tells what the 'quarter' value is as well as the entry/exit points for your trade (or it should say NO TRADE if the 'quarter' is out of range).

The only thing I didn't cover is how many lots to set the trade for. If you wanted to set it based on a risk %, then a user defined parameter should be set for how much % you want to risk per trade. The EA should be able to calculate how many lots to use based on the amount of pips the SL is and the amount of your account balance. [balance * risk% / stop loss pips = lots] I think is the formula?

I'm not sure, but there needs to be some kind of difference between mini accounts and standard accounts I would think?

I hope this all makes sense and an EA programmer understands what I've written. Maybe the flow of the programming will be easier with this?

Hi. It may have happened because your account has expired one month's limit.

something is wrong with me how do you create new above rules ...these rules isn't exist in my system
i said if your order hit TP then remove opposite order this means if your order hit SL don't remove opposite order and let it taken....
i didn't say anything about 10 pips offset...
thank you kzomkramr but let us do it with default rules

my today's results :
i use +7 GMT
GBP/USD +41pip
GBP/JPY +92 pip
eur/jpy -70pip (buy order -140 and sell order +70 )

Saly

I was very similar only difference was U/J instead of e/j.

USD/JPY +39 (closed)
GBP/JPY +92.5 (closed)
GBP/USD +40 (closed < 45 mins)

Time to reload and try again.

good luck all.

1stly ty for the advice.

EJ i in profit of 134 (Buy +63 sell +71)

I was watching the trade that time it miss by 1 pips. So i sit there babysit for the next hit. Again it don't hit our target and i manual close it.

Saly so now your trading list reduce to 3 only?

Results for 05/12/09
GMT + 4

GBPUSD: 44
GBPJPY: 95
EURJPY: -146+73 ( net: -73)

Net profit: 67 pips

Since I could not access my demo account from my work place, I could not cancel the sell orders once the buy orders were triggered. So for EUR JPY, it went both sides and reduced the loss by half.

I can access my demo account from my home but not from work place. Where as I can access my real account both from home and at work place.
Need to talk to IBFX

I feel very offended by your last post to me, $aly. I said nothing about removing the other order if the SL gets hit. I said close all orders at the end of the day, which you mentioned many times (post #20 and #27 I think).

Also, post #1 says to add 10 pips for the SL and you mentioned in post #53 to add 10 pips for SL as well ... so yes, you did have a 10pip buffer in there.

I was only trying to be helpful here with laying out a simpler way of following YOUR rules ... not trying to create my own.

I was liking the system and was trying to outline the flow of thought when trying to build an EA or even go through the flow if I was doing it manually ...

I'll just shut up now, since I'll probably get more uncalled for words ...

Here is where you were talking about the price getting close and retracing ... hence the other 10pip buffer ...

kzmokramr2

i didn't want to make you uneasy.. i only said original rules are difference ....i had said that more 10 pips for SL was only a introduction and in other posts i only said my ideas and i never told anyone that they were new rules .... rules are available in post 1 only... but if we found that something make it better all of us share it with others and i should update the first post again and done
by the way please don't be indignant at me and forgive me if i use bad language

saly

gbp/usd +64pip
gbp/jpy +79pip
eur/jpy still open
with +7 GMT

Excellent results

Should be the same for me too. Cannot confirm because I do not have access to my demo accounts . Only can confirm after another 6 hours.

thank you
i know that simplecoders but you can select another broker instead of IBFX ....

Saly

Do you use it for futures? and what about the results?

Thats right.. From tomorrow I will use another broker