Trading Dow Futures and Silver with Pippo EA | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DOW Futures 1,853 replies

Pippo: A Murrey Maths Retrace EA 188 replies

Dow futures point to more than a 1,000-point fall at the open 1 reply

Dow Futures and easy Withdrawal 0 replies

UK Spreadbetter for Oil Futures, Dow Daily Cash and Forex 1 reply

Attachments: Trading Dow Futures and Silver with Pippo EA
Exit Attachments

Trading Dow Futures and Silver with Pippo EA

  • #1
  • First Post: Edited Aug 16, 2011 8:35am Aug 15, 2011 7:32pm | Edited Aug 16, 2011 8:35am
This is the original Pippo EA written by Stephen Hopwood .

http://www.forexfactory.com/showthread.php?t=297805

Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB



It is a retracement EA that uses Murrey Mathlines to set either buy limit or sell limit orders, AS DICTATED BY THE MURREY MATH INDICATOR BEING USED.

The murrey math indicator came with my MT by default, but most don't seem to have it so here it is attached. You'll notice most people using this EA are using a modified version that shows the math line history, you can try that one if you want but I'm getting better trades with this one.

I've tested this thing on just about every cross pair you can imagine. The inevitable problem with the system is what's called the "death trade".. of course, a sustained breakout like usd/chf can cause a heavy loss. That's why I highly recommend only trading these non-forexpairs if possible: Dow futures and silver. Most MT brokers won't have these contracts, but there are a few that offer it just stay away fom broco of course.

So if anyone wants to help me experiment here you go, expect steady and consistent profits with low margin.
Attached File(s)
File Type: zip Attachments_2011_08_15.zip   74 KB | 896 downloads
  • #2
  • Aug 16, 2011 8:13am Aug 16, 2011 8:13am
silver is now on 30 min char. got a lot of invalid stop errors on 15 min chart

dow futures trading continues profitability on 15 min chart. murrey mathlines rule!
Attached File(s)
File Type: pdf DetailedStatement.pdf   592 KB | 646 downloads
  • #3
  • Aug 16, 2011 10:58am Aug 16, 2011 10:58am
What version of Pippo can we run your Indi's on ?
The reason I ask is because I am trying them on PippoV17.1 from DC's thread but haven't had any trades or orders in the last 3hrs.
  • #4
  • Aug 16, 2011 12:18pm Aug 16, 2011 12:18pm
Quoting Sandovich
What version of Pippo can we run your Indi's on ?
The reason I ask is because I am trying them on PippoV17.1 from DC's thread but haven't had any trades or orders in the last 3hrs.
Hi Sandovich.

I am also not getting any trades using v17 with the attached murrey math indi. The version I'm using for the attached result is the first version, the one on Steve's first post on the pippo thread above.

As dietcoke has optimized it for various currencies, there must have been something he added to make it trade more selectively. I know he added some code to prevent it from trading a breakout. Perhaps thats whats causing it.

From what I recall the murrey math show history indi also caused the EA to take no trades, but I will try that again to verify.
  • #5
  • Aug 16, 2011 1:10pm Aug 16, 2011 1:10pm
Thanks for response . The profit factor of 4.08 is pretty good , will definitely give the Dow a go with Pippo.

Probably work on other indices like the FTSE, HangSeng etc as well . So you could trade from one indices to another.
  • #6
  • Aug 16, 2011 1:18pm Aug 16, 2011 1:18pm
Quoting Sandovich
Thanks for response . The profit factor of 4.08 is pretty good , will definitely give the Dow a go with Pippo.

Probably work on other indices like the FTSE, HangSeng etc as well . So you could trade from one indices to another.
Yeah I was surprised to see how well it does on the Dow this way. Unfortunately its hard for us americans to find a broker trading CFD's to accept us. Can you recommend any?
  • #7
  • Aug 16, 2011 2:24pm Aug 16, 2011 2:24pm
The broker I use is American , they have cfd's for commodities , indices , shares etc

http://www.avafx.com/
  • #8
  • Aug 16, 2011 4:16pm Aug 16, 2011 4:16pm
Actually they are based in Dublin Ireland, see the small print at the bottom

I already tried with them, they don't take US. I am currently using trading point live, but they only offer the dow nothing else. but thanks for the suggestion I am fine with just the Dow if it can keep making money
  • #9
  • Aug 17, 2011 5:43am Aug 17, 2011 5:43am
Quoting Blud4oilPrgm
Actually they are based in Dublin Ireland, see the small print at the bottom
You are right , my mistake.
I guess things work different in the US. Sorry can't think of any American brokers .

I will trade pippo with some other indices for awhile and see how they perform.
  • #10
  • Aug 17, 2011 9:30am Aug 17, 2011 9:30am
No problem at some point in the future I'm setting up an offshore corp probably in HK or NZ, this will allow me to get around the global bullying of forex brokers by my beloved govt..

Getting some drawdown after the dow spiked down at this time, will be interested to see how these trades play out today

Attached Image (click to enlarge)
Click to Enlarge Name: sc1.png Size: 233 KB
  • #11
  • Edited 7:14pm Aug 17, 2011 7:13pm | Edited 7:14pm
Do you turn it off after hours, or let it run all night?

I started a fxpro demo late today, running on 15 min chart. Had a few winners, but now after hours in the red. It missed one entry by one point (tick), so watching this and trading a one-minute chart might work.

No CFD: Maybe on a higher time frame it would be possible to trade options on an American broker. The grid would have to be much larger, maybe a weekly MM.

Thanks to Steve and Pippo.. and all that created this.
Also thanks to Mr. Murrey.

ps: The offshore IBC is a good idea.
  • #12
  • Aug 17, 2011 7:15pm Aug 17, 2011 7:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement(1).gif Size: 5 KB

Attached Image (click to enlarge)
Click to Enlarge Name: dowfuturesrule.jpg Size: 165 KB
Attached File(s)
File Type: pdf DetailedStatement(2).pdf   952 KB | 583 downloads
  • #13
  • Aug 17, 2011 7:21pm Aug 17, 2011 7:21pm
I'm letting it run 24 hours a day. Did you set the P variable in the EA to 15? For me it doesn't seem to make a difference, but if your on another broker maybe thats causing a problem.

What broker are you using and are you using the pippo version 1 and the indicator i posted in the first post?

Not sure why it seems to perform so much better on the dow and silver. Dow is volatile, but usually within some sort of range which any murrey system will thrive in.

And yes many many thanks to the authors, I'm about ready to go live with this. Wanted to start this thread to make sure my greed isn't blinding me!

Quoting Kenz987
Do you turn it off after hours, or let it run all night?

I started a fxpro demo late today, running on 15 min chart. Had a few winners, but now after hours in the red. It missed one entry by one point (tick), so watching this and trading a one-minute chart might work.

No CFD: Maybe on a higher time frame it would be possible to trade options on an American broker. The grid would have to be much larger, maybe a weekly MM.

Thanks to Steve and Pippo.. and all that created this.
Also thanks to Mr. Murrey.

ps: The offshore IBC is a good idea....
  • #14
  • Aug 17, 2011 7:23pm Aug 17, 2011 7:23pm
I'm using FxPro, standard settings except I made all the Lots whole numbers, just shifted the decimal over.
Have no idea what the P variable does.
Thanks for the reply.
  • #15
  • Aug 17, 2011 7:27pm Aug 17, 2011 7:27pm
Ok, well try a trading point demo and compare the spreads. That may be part of it. CFD's come with a lot of warnings on how they can deviate from the underlying, so choosing the right broker may be a significant challenge.

The p variable should match the time frame of the chart, I'm using 15 min charts on dow and 30 min on silver so set the p accordingly.

Have to figure out why silver isn't trading much, I have traded it very profitably a few weeks ago this way.

Quoting Kenz987
I'm using FxPro, standard settings except I made all the Lots whole numbers, just shifted the decimal over.
Have no idea what the P variable does.
Thanks for the reply.
  • #16
  • Aug 17, 2011 7:29pm Aug 17, 2011 7:29pm
Oh, forgot to say, using the EA and indi from the first post.
  • #17
  • Aug 17, 2011 7:33pm Aug 17, 2011 7:33pm
Ok. and Are you using a VPS?

When you open a demo account in MT it will show the ping time take note of that. My ping to trading point is about 137 miliseconds from my VPS in NYC to broker location in Cyprus. This may be another factor.
  • #18
  • Edited 7:38pm Aug 17, 2011 7:38pm | Edited 7:38pm
Thanks, I will check that tomorrow.
Ken
ps: No VPS
  • #19
  • Aug 17, 2011 8:06pm Aug 17, 2011 8:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: vix.jpg Size: 238 KB


I'm keeping an eye on the vix. Naturally the ea will perform better on sideways markets. But even when the dow was rebounding from its huge drop the EA was easily profitable so it maybe doesn't even matter.
  • #20
  • Aug 18, 2011 8:45am Aug 18, 2011 8:45am
go live
Attached File(s)
File Type: pdf DetailedStatement.pdf   1.0 MB | 613 downloads
0 traders viewing now