Exceptional day, will it continue ? | Forex Factory

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Exceptional day, will it continue ?

  • #1
  • First Post: Edited Oct 31, 2013 7:33am Jul 9, 2009 1:22pm | Edited Oct 31, 2013 7:33am
*deleted*
  • #2
  • Jul 9, 2009 2:54pm Jul 9, 2009 2:54pm
Looks very impressive. Well done.

I look forward to a beta of the indicator.
  • #3
  • Jul 9, 2009 3:53pm Jul 9, 2009 3:53pm
Well done, cant wait to see it working...
  • #4
  • Jul 9, 2009 5:11pm Jul 9, 2009 5:11pm
Nice results. Count me in on the indicators when they are ready!!http://www.forexfactory.com/images/icons/icon14.gif
  • #5
  • Jul 9, 2009 5:52pm Jul 9, 2009 5:52pm
Quoting mike_85
(Scan 1 is not reflected as Metatrader only allow 8 buffers per indicator - working on a way past this)
Take a look at this article by Coders Guru. He gets past the 8 buffer issue by having a master indicator and slave funtions.

http://www.xpworx.com/DECEMA.htm
  • #6
  • Jul 9, 2009 6:13pm Jul 9, 2009 6:13pm
Thanks, will have a look. I'm familiar with how to setup slave functions by using sub indicators (with no ouput). The biggest problem at this stage however is to incorporate all the code into one. I have some running in a VB.Net app I wrote some time back, some in a dll and then 7 indicators all coded to work with the main one. It's a bit of a nightmare at this stage...lots of work this weekend

Quoting Limstylz
Take a look at this article by Coders Guru. He gets past the 8 buffer issue by having a master indicator and slave funtions.

http://www.xpworx.com/DECEMA.htm
  • #7
  • Jul 9, 2009 6:36pm Jul 9, 2009 6:36pm
What a fascinating system you have there, Mike. I'd love to hear more about it as I invest a lot in forex currencies.

I currently use a 'basket' system where I look at the overall market tendency for the day and the either BUY or SELL a complete basket of 12 to 14 currency pairs in an attempt to hedge against big losses.

The system is fair, in that some days I make a lot (like +$6,500 yesterday) and sometimes I loose a lot (like -$2,500 today). I'd really like to work on something to smooth out these rough edges! (smile)

I look forward to seeing your indicator when you post it, and will offer to help with the coding if you need any assistance. I'm an old C programmer who maintains some old C routines for a utility company here.

Hope to hear from you soon,
Ed in Columbus, OH
  • #8
  • Jul 9, 2009 9:13pm Jul 9, 2009 9:13pm
Quoting enewbold
I currently use a 'basket' system where I look at the overall market tendency for the day and the either BUY or SELL a complete basket of 12 to 14 currency pairs in an attempt to hedge against big losses.
I presume that you are referring to the T101 system... Does a week on demo really justify the term 'currently use'?

Quote
The system is fair, in that some days I make a lot (like +$6,500 yesterday) and sometimes I loose a lot (like -$2,500 today). I'd really like to work on something to smooth out these rough edges! (smile)

I would hardly call a system that generates $4k profit over 2 days as 'fair', rather as very profitable... besides can a week demoing the system really mean that you have nailed the exact entries and exits as prescribed by the method? Wouldn't the 'rough edges' simply be down to you not knowing the method well enough, rather then the fault of the method? Do you really believe that an indicator will help with that particular strategy when you already have all the tools you need as provided in that thread?

Rant over...

------------------------------------------------------------

Apologies mike_85... would it be possible for you to describe your methods for multi-time frame entry/exit conditions prior to your completion and possible posting of your indicator, please?

Are you using some type of oscillator or crossover/divergence indicator, or are you simply examining something like spread or momentum over time and then extrapolating due the the fractal nature of the market?

Please reply when you manage to get some free time as I know you mentioned you have a busy weekend.

TIA
  • #9
  • Edited 7:20am Jul 10, 2009 3:14am | Edited 7:20am
Yes you read right, almost a thousand pips. Last night or at least early this mornign things got a bit hairy though due to the many trades being opened and also due to counter trades/signals. Because of the market that moved in such a tight range during the graveyard shift many signals were generated. Most of the times a buy followed by a sell only a couple of pips further.

Glad to say that most however worked out based on a 35 pip stop per trade.
Attached is the spreadsheet with last nights trades until about an hour ago. There are still some open but they look ok. Quickly the stats:

Signals given: 44
Winners: 30 (68%)
Losers: 9
Still open: 5
Trades that reached TP1: 20
Trades that reached TP2: 5
Trades that reached TP3: 1

Total net pips: 874.

I closed out a couple of trades manually as I found a mistake in the calculations of the take profit points. I think this has been resolved now. A couple of other smaller issues were also taken note of and this will be sorted out over the weekend.

All in all a very good night. Total pip tally just over 1,800 pips in less than 24 hours. Not to bad for a half baked idea I got while sitting on the beach .

PS: I have some people receiving each and every signal as they are generated by e-mail who can vouch for the validity of the signals being generated as well as for the times received, entries etc... This is honestly not just a 'check what I did' thread. Believe me, I'm as blown away like I think most others will be.
  • #10
  • Jul 10, 2009 3:41am Jul 10, 2009 3:41am
No doubt this is a great discovery. Well done.
Kindly let us know when and how we can partake of the benefits.
  • #11
  • Jul 10, 2009 4:00am Jul 10, 2009 4:00am
Sorry, I see that I made some errors on the last spreadsheet. There were (I think) 3 trades that were already stopped out which I showed as still open. The pip count is also out because of this and other mistakes I found. I will post an updated sheet a bit later.
  • #12
  • Jul 10, 2009 5:10am Jul 10, 2009 5:10am
Just hit the 1,000 pip mark for today. Will upload sheet in about an hour. Quite a bit more losses today but the take profit points are working better now with about 50% of trades going to it.

Edit: Meant that more trades are going to the TP2 point instead of only TP1.
  • #13
  • Jul 10, 2009 5:10am Jul 10, 2009 5:10am
Quoting mike_85
PS: I have some people receiving each and every signal as they are generated by e-mail who can vouch for the validity of the signals being generated as well as for the times received, entries etc... This is honestly not just a 'check what I did' thread. Believe me, I'm as blown away like I think most others will be.
I have no issue if this is a rent-a-signal or indicator purchase service, but could you clarify your intent, please?
  • #14
  • Jul 10, 2009 5:14am Jul 10, 2009 5:14am
Quoting Limstylz
I have no issue if this is a rent-a-signal or indicator purchase service, but could you clarify your intent, please?
I jumped the gun a bit by posting here. I should have waited another week, reason being, I wanted to post the indicator in order for other to test it and to help me refine it a bit. I'm however still coding on it and I recon I will need about another 3 or so days to get it into a version where I will be able to post.

My intentions...as above...to get it tested. No commercial interest here, doing well enough with my normal trading (up over 7,000 pips this year alreay) so rest assured it is coming for FREE. Just need to sort the code and files out.

I'm just posting the results for those wanting to look at the trades provided. The people receiving the signal by mail is also just a matter of providing friends with some signals until such time as I can get the indicator released. I hear no complaints from them .

Cheers
  • #15
  • Jul 10, 2009 5:55am Jul 10, 2009 5:55am
Quoting Limstylz
I presume that you are referring to the T101 system... Does a week on demo really justify the term 'currently use'?
I am not in 'demo' mode, but don't really think I have to justify anything to you. Why in the world do you feel the need to try to come in here and start flaming someone with junk like this? Get a life, buddy, and try to stay on topic!
  • #16
  • Jul 10, 2009 5:59am Jul 10, 2009 5:59am
Quoting enewbold
I am not in 'demo' mode, but don't really think I have to justify anything to you. Why in the world do you feel the need to try to come in here and start flaming someone with junk like this? Get a life, buddy, and try to stay on topic!
Just as I thought... no substance whatsoever... But you're right... I will stay on topic from now on.
  • #17
  • Edited 7:18am Jul 10, 2009 6:08am | Edited 7:18am
Attached the final sheet for this week (it includes all trades from the start).

I'm done for today, have lots of coding to do so will be going offline and will not be trading or sending signals.

The indi managed to bank 957 pips on day one and for today so far 1235 with still 4 trades open. So a nice 2,000 pips plus in the bag in just over 24 hours.

Nice weekend to all.

Cheers

PS: I have added some stats on the bottom of each sheet.

HELP: Can somebody tell me how one posts this sheet to post one? I think it will be easier if it is updated on post one everytime otherwise it ends up right through the thread.
  • #18
  • Jul 10, 2009 6:23am Jul 10, 2009 6:23am
Quoting mike_85
Today has been an exceptional day. I usually trade only pure price action based on a system that has been refined over the past three years. During the past year to 6 months I have been working on an indicator to assist in my trading. The idea behind it was to provide alerts of possible trade areas coming up so that I did not have to sit and monitor the charts the whole day.

The indicator was written to test for several conditions on multiple time frames. On each time frame it also tests the next three higher time frames to see how these conditions...
It looks fascinating. Look forward to seeing it.
  • #19
  • Jul 10, 2009 6:30am Jul 10, 2009 6:30am
Quoting mike_85

HELP: Can somebody tell me how one posts this sheet to post one? I think it will be easier if it is updated on post one everytime otherwise it ends up right through the thread.
Edit your first post and then you will have options to manage your attachments, which you can add, update, delete as necessary.

BTW. Well done on the pip front!
  • #20
  • Jul 10, 2009 6:37am Jul 10, 2009 6:37am
Thanks for the help porkpie & limstylz,

I did look at the first post but did not see the edit button, think I was logged out at the time.

I have placed the latest file on post one now. I think this will be the last file in any case. Useless looking at files, better to look at the actual event taking place on your own PC...

Will try to get everything sorted out this weekend, thats if my wife does not kill me first, I'm supposed to be on holiday...but heck...somebody must pay for it...lol..

Thanks
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