Fish Net System Version 2

Quoting ~bull.bear~

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{quote} I am interested to code complete EA. May i know where did you get this backtest result? Firstly, I have checked the EA code in post 1, it is a mess for me. I think i need to re-code myself a new EA. Please PM me the complete rules for refiling orders. Secondly, will this method work in small grid distant instead of monthly?

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Quoting xlitang

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Someone claimed to have an EA done and did a back test and sent me the image above. All rules are in post 1. If anything unclear please ask. You could write the EA from scratch. I have not tried it in small time frame. But once we have EA working according to rules, we can experiment. Thanks for your help.

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Quoting ~bull.bear~

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{quote} OK. When to buy in all the pending orders for first start or next round of trade? Everyday/new bar of daily chart if no pending orders are triggered for the day?

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Quoting xlitang

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{quote} If Daily Chart closed and market not go beyond level 1 or level 11, nothing needs to be changed. Keep existing pending orders in place. If market went beyond level 1 or level 11, delete existing pending orders, place a new set of pending orders and adjusting TP of opened orders if any according to new set of price levels.

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Quoting ~bull.bear~

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{quote} So new set of pending orders' price are the same as previous pending orders' price or new set of price based on lastest 70 bars high and low calculation?

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Quoting ~bull.bear~

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{quote} I am interested to code complete EA. May i know where did you get this backtest result? Firstly, I have checked the EA code in post 1, it is a mess for me. I think i need to re-code myself a new EA. Please PM me the complete rules for refiling orders. Secondly, will this method work in small grid distant instead of monthly?

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Quoting rolfw

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{quote} Later today (CET) I will post a new EA with all the rules implemented. So don't start unless you want to do the same work.

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Quoting futurespec

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I spent a lot of time coding this for you (via PM as requested) and you do not believe that it has been done even though I showed you the results. The coding was done from scratch as others have realised needs doing. Perhaps if you get 10 coders to spend time on it you can choose whatever you want. Needless to say I am rather peeved. M.

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Quoting rolfw

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{quote} Later today (CET) I will post a new EA with all the rules implemented. So don't start unless you want to do the same work.

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Quoting xlitang

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Fish Net System Version 2. It is a long term trading system. You only need to spend 0 to 5 minutes a day depending on how market does. Trading only GBPUSD and EURUSD. Rules: 1.Open your daily chart, look back last three months, we choose 70 bars back. Find out the highest price hPrice and lowest price lPrice. 2.So market is ranging between hPrice and lPrice. PriceRange=hPrice-lPrice. 3.Divide PriceRange + 300 pips into 10 equal levels: TenthRange=(PriceRange +300)/10. [highlight=#ff0000]Then we will have 11 price levels, l1,l2,l3,l4,l5,l6,l7,l8,l9,l10,l11...

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Quoting Peacelover

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{quote} Hi, Attached is the chart for GU. I have calculated the Price Range from High Price - Low Price. Which are 1.57504-1.48130 = 0.09374. Then added 300 pips to it and I get 0.09374 + 300 = 0.12374 and then divided it by 10 I get 0.012374. Then I took 0.012374 and subtracted it from the High Price of 1.57504 - 0.012374 and marked my levels on the chart. Please tell me am I doing it right so far? Now what are lot size factors? 1,1,1,3,3,3,6,6,6,9,9? Please guide me on what I have to do next... {image}

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Quoting howard

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{quote} Hi You have to add 150 pips to the high price and subtract 150 pips from the low price, the outcome gives you the High-Low Range or level 1 and level 11. Divide this Range by 10 and draw the other levels accordingly.

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Quoting Peacelover

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{quote} Thanks... Now the part with 1,1,1,3,3,3,6,6,6,9,9 how do I use this ?

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Quoting xlitang

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{quote} For buy orders below level6 and sell orders above level6 I would wait for market to go back to level6 to take profit to maximize profit potential. Image when your big lot position take profit at price level6, how much profit you would bank. That is what I mean long term trading. http://www.myfxbook.com/members/xlit...tsystem/650144 {image}

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