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Daily Quarter method

  • #261
  • May 20, 2009 4:40am May 20, 2009 4:40am
Great Indi Maje, can you please add TP and SL lines too?
Quoting maje
Bye
  • #262
  • Edited 8:57am May 20, 2009 8:37am | Edited 8:57am
05/20/09
GMT +4

GBPUSD: 50 pips ( closed at target)
EURJPY: 54 pips (closed at Target)
GBPJPY: -100 +50 (closed)

Net: 54pips profit
  • #263
  • May 20, 2009 9:37am May 20, 2009 9:37am
Quoting simplecoders
05/20/09
GMT +4

GBPUSD: 50 pips ( closed at target)
EURJPY: 54 pips (closed at Target)
GBPJPY: -100 +50 (closed)

Net: 54pips profit
Hi Simplecoders,

Are you trading live or demo?

Thanks,

Alifari
The purpose of knowledge is action, not knowledge
  • #264
  • May 20, 2009 9:41am May 20, 2009 9:41am
Quoting alifari
Hi Simplecoders,

Are you trading live or demo?

Thanks,

Alifari
Demo at OANDA
  • #265
  • May 20, 2009 10:08am May 20, 2009 10:08am
Results for today

GMT + 3

GY Long +49
EJ Long +54
GU Long + 50

Total +153
Yea it's Life//
  • #266
  • May 20, 2009 10:16am May 20, 2009 10:16am
Today +38.3 Hit Target
Yesterday -8.6 Closed at NY Market close

My backtesting for this pair with setup at NY Market open shows ~200 pip monthly profit over the past 6 months.
All tested trades since 02DEC with a Target AND S/L both set at 1/4 of daily range gives 60 Winning Trades and 41 Losers. With a 1:1 Risk Reward I decided to start trading live last week. I can live with 60% on a set it forget it system.

Thanks for the idea, $aly!!!
Mine?
  • #267
  • May 20, 2009 10:22am May 20, 2009 10:22am
Bilyb thanks for sharing.
Would you mind explaining little more about how you trade.
So do you just use the NY open as your starting day?

Thanks
Yea it's Life//
  • #268
  • May 20, 2009 10:49am May 20, 2009 10:49am
Hi Fredella,

For some reason the indicator did not adjust itself today to the correct range. Its still stuck to yesterday's range. Is there a reason for this? Am I supposed to manually add it every morning?

Please see attached screenshot.

Thnx/rgds
Ed
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 May. 20 17.47.gif Size: 44 KB
  • #269
  • May 20, 2009 11:13am May 20, 2009 11:13am
Quoting teknoesen
Hi Fredella,

For some reason the indicator did not adjust itself today to the correct range. Its still stuck to yesterday's range. Is there a reason for this? Am I supposed to manually add it every morning?

Please see attached screenshot.

Thnx/rgds
Ed

Hi, will check if i can see why this happens and if something can be done about it.

F
  • #270
  • May 20, 2009 11:18am May 20, 2009 11:18am
Quoting Bilyb
[font=Comic Sans MS]Today +38.3 Hit Target
Yesterday -8.6 Closed at NY Market close

My backtesting for this pair with setup at NY Market open shows ~200 pip monthly profit over the past 6 months.
All tested trades since 02DEC with a Target AND S/L both set at 1/4 of daily range gives 60 Winning Trades and 41 Losers....
Could you post your Buy/Sell lines for EUR/USD.

I also traded E/U yesterday but hit my Sell SL early this morning at -97.1 pips and then closed out my Buy at +14 just after the NY open. My SL and TP was 50% and 25%, not the 25% and 25% you used.

maybe for E/U the 1:1 ratio is worth trying. Could you test 33% SL and 33% TP?
  • #271
  • Edited 3:42pm May 20, 2009 11:20am | Edited 3:42pm
Quoting serj1
Bilyb thanks for sharing.
Would you mind explaining little more about how you trade.
So do you just use the NY open as your starting day?

Thanks
Hi Serj.
Yep I follow the rules on page 1 and just use the start of the NY Market with the EUR/USD pair. When I started testing this pair I noticed I could use the tighter Stop/Loss and it didn't affect the outcome of the trade AT ALL.

So my setup/entry on this pair goes like this.
I base the day on the NY Markets. I want them to have already opened and settled a bit before I enter a trade, to avoid any wild swings. The last 60M candle of my day is the 8am Eastern Time (-5 GMT). I also draw a line 24 hours prior... between the 8am and 9am candle.
That gives me Hi/Low/Close

Entry is 1/4 of daily range from the 8:59 Close.
Target and S/L is 1/4 of the daily range from the entry point.
When the entry is hit, I close the other direction.
If my exit isn't hit by the time the markets close, I manually close the trade at 5pm Eastern. That's just me, so I can be out of the market for the evening when my wife and kids get home.
Attached Image (click to enlarge)
Click to Enlarge Name: 19MAY.JPG Size: 41 KB
Mine?
  • #272
  • May 20, 2009 11:32am May 20, 2009 11:32am
8am Candle Close (Black Candle) = 1.36718
Yesterday's 9am Open (Black Candle) was 1.35895
Low at 1.35575
Hi at 1.37119
Range of 1544
Range/4 = 386
Long Entry at 1.37104
Target = 1.37490
Stop = 1.36718 (same as daily close, btw)
Entered at 9:33 Long at 1.37101
Target hit at 9:44 Closed at 1.37484
Profit = 38.3 Pips

Tomorrow I'll post when I do the setup. Time adjustments/explanations are difficult for me, too, but tomorrow should make it clear

Quoting truckjrt
Could you post your Buy/Sell lines for EUR/USD.

I also traded E/U yesterday but hit my Sell SL early this morning at -97.1 pips and then closed out my Buy at +14 just after the NY open. My SL and TP was 50% and 25%, not the 25% and 25% you used.

maybe for E/U the 1:1 ratio is worth trying. Could you test 33% SL and 33% TP?
Mine?
  • #273
  • Edited May 21, 2009 1:41am May 20, 2009 2:03pm | Edited May 21, 2009 1:41am
Quoting teknoesen
Hi Fredella,

For some reason the indicator did not adjust itself today to the correct range. Its still stuck to yesterday's range. Is there a reason for this? Am I supposed to manually add it every morning?

Please see attached screenshot.

Thnx/rgds
Ed
Hi, please try the attached version.

Regards,
Fredella
Attached File(s)
File Type: ex4 Indicator_based_on_HLdiv4_v7.ex4   6 KB | 274 downloads
  • #274
  • May 20, 2009 5:51pm May 20, 2009 5:51pm
Well, I ran the EA on 3 pairs today (GU, EU, EJ) and whilst it generated 3 winners, there is obviously some kind of bug where it doesn't always delete pending orders.

The GU trade closed at the correct TP but the opposite sellstop order is still active. I can see one problem with the OCO logic which means if there is any slippage it probably won't close the other pending order. I've corrected this in the current EA but I don't think this solves what happened today.

Any ideas?

BB

(I've just recompiled the EA with my changes and the sellstop has been deleted - don't know if that was 'cos of my change or not though)
Attached File(s)
File Type: mq4 DQM2_2.mq4   7 KB | 240 downloads
  • #275
  • May 20, 2009 8:13pm May 20, 2009 8:13pm
Quoting Fredella
Hi, please try the attached version.

Regards,
Fredella

Hi Fredella,

Would you mind posting the source code .mq4 file?

Thanks a million
  • #276
  • May 21, 2009 2:07am May 21, 2009 2:07am
Hi BontBoy,

I experince the same, as I wrote some days ago. I still have
the error msgs in the log : InvalidTicketForOrderDeletefunction.

It gives my computer a hard time, bcs it genereates the messages in the expert log every 2. second or so...

Hope somebody can help fixing this great EA.

I use DQM2.

PC

Quoting BontBoy
Well, I ran the EA on 3 pairs today (GU, EU, EJ) and whilst it generated 3 winners, there is obviously some kind of bug where it doesn't always delete pending orders.

The GU trade closed at the correct TP but the opposite sellstop order is still active. I can see one problem with the OCO logic which means if there is any slippage it probably won't close the other pending order. I've corrected this in the current EA but I don't think this solves what happened today.

Any ideas?

BB

(I've just recompiled the EA with my changes and the sellstop...
Less is more...
  • #277
  • May 21, 2009 4:31am May 21, 2009 4:31am
Hi BontBoy, Pls could show me how to input this your EA in my mt4 trader and how to use it.
Regards,
vicforex
  • #278
  • May 21, 2009 5:45am May 21, 2009 5:45am
Quoting vicforex
Hi BontBoy, Pls could show me how to input this your EA in my mt4 trader and how to use it.
Regards,
vicforex

vicforex,

Instructions for attaching EAs to MT4 charts can be found here:

http://www.earnforex.com/blog/2007/0...dvisros-users/

BB
  • #279
  • May 21, 2009 5:49am May 21, 2009 5:49am
Hi
I've tried the dqm ea on a number of broker accounts and I quite often get this error
2009.05.21 17:00:40'90194555': order buy stop 1.00 AUDCAD. opening at 0.88472 sl: 0.87983 tp: 0.88766 failed [Trade context is busy]

I think that the error is from having all the ea's (from different pairs) trying to place the orders at once. The result is that not all the pending orders are placed.

Has anyone else had this? Is it hard to fix or get around?

many thanks

Grant
  • #280
  • Edited 5:53am May 21, 2009 5:50am | Edited 5:53am
Quoting pipcruiser
Hi BontBoy,

I experince the same, as I wrote some days ago. I still have
the error msgs in the log : InvalidTicketForOrderDeletefunction.

It gives my computer a hard time, bcs it genereates the messages in the expert log every 2. second or so...

Hope somebody can help fixing this great EA.

I use DQM2.

PC

Pipcruiser

I haven't see these problems in the couple of days I've been running it. If you disable the EA, manually delete any pending orders, then re-enable it, do the messages start straight away? How many charts are you running it on? Maybe you need to change the magicnumber from the default 12345.

Have you tried v2_1 that I posted? (you say you are using DQM2 but I posted DQM2_1)

BB
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