Sandybeach,
Yes I am running the new v27 alongside my manual trading. Unfortunately I can’t say the EA is matching my manual trades yet. For example, it opened a pending SellStop on GBPUSD yesterday at candle open. The previous day’s candle had closed ABOVE the 50EMA and was Bearish. Bearish close above 50EMA = no trade for the day, yet the EA opened a sellstop.
If you look at my FXJunction account, you’ll notice several other pending orders were placed. Last night, I didn’t set any pending orders accross all my pairs - GBPUSD, EURUSD, USDCAD, AUDUSD and GBPJPY. They all either had Bearish closes above the 50EMA or Bullish closes under the EMA.
Hopefully I can remember to add my manual trades to my FXJunction account tonight. Would make it a lot easier for you all to see what’s going on, and I need to set up skype so I can talk with James a bit easier.
Results
(12/31/12)
GBPUSD hit the BE Stop Loss of +3 pips
(01/01/13)
GBPUSD hit the BE Stop loss of +3 pips.
Well looks like that big move GBPUSD had started did a 180 turn and is heading south now. Bummer, I knew I should have closed those open positions at +290 pip profit
Ohwell, that’s the nature of the beast. Hoping to catch that big move and stay in it for the distance is what we’re after. Not small movements.
Cool glad you could confirm that, i had the feeling the EA was not trading as per your rules as v25 (under your old rules has been overall net profit, up $21 since december 17th, and higher if i did not trade from 21st december - 2nd january.
But v27 has been overall loss. It might be a simple bug in the v27a EA or maybe a broken MT4 function like before ?
Also im on skype daily, so if anyone wants to talk to me then PM me and i’ll drop you my skype address, i just prefer not to post it on forums as those lovely spammers/scammers like to come and copy all of that type of info
Also with v25, i am finding that the EA works best on the daily timeframe rather than H4 which i did report as working nicely, i believe the previous bugs in the older version of the EA and the issue with MT4 gave the side affect of it working, but only out of luck. I’ll keep running v25 and v27a on both daily and H4 but im quite certain now the daily timeframe is the only way to go.
Out of interest for those running v25 and v27a have you been generally having the same results trade wise ? I.e v25 so far is profitable and v27a is making a loss ?
Hmmm . . . When I shut down this morning 27 A was in profit across the board. Unfortunately I have a headache this morning - two of my daughters and husbands came around and made a dinner party last night as my wife is in China for another couple of weeks. (Not to be ungrateful but they left me with a full dishwasher to unload and dry this morning - such agony - I should have waited and opened the door last night) I will get FXJunction up when or for the market re-open. Three days is not enough time to be sure what is happening except for obvious errors as Windsor reported but I daresay Jim will sort that out toot sweet. He has been very fast in making adjustments.
24 C and 25 are both positive
Thanks Altostrader i was quite certain on your answer but good for confirmation. I just wanted to be certain we had a final working version for Windsors original rules, so going forward we dont ned to worry about it.
Let us know when you have v27a on fxjunction im keen to compare your results to mine, it might be a broken MT4 function which is only affecting me like in v25 which might explain (if) you are profitable and me and Windsor are not (just thinking out aloud here).
Are you by any chance trading USD/JPY or EUR/JPY in addition to these pairs? [I](With the current devaluation and weakness in the Yen, they seem ripe for a few good pips.)[/I]
If so, then what’s the minimum fib size you’re using?
I’ve tried USD/JPY with minimum fib size >= 15 pips and EUR/JPY with minimum fib size 35-40 pips (the same as you had suggested for GBP/JPY).
Would these values be correct?
BTW Thanks for the tweaked system. I specially like the 50 EMA filter.
Oh darn - I set aside some time on my Sun eve but find I cannot set FXJunction accounts up unless the market is open.
Grrrrr. Monday afternoon it will have to be - that’s before London open anyways.
OK - Have MyFXBook up. Some issues though, despite I have deleted accounts from last Nov and Dec they are still showing in the portfolio graph. All these accounts now up started Jan 2 or Jan 3. I got fooled by a couple that would not trade penny accounts and so they started a little later when I noticed. I setup 27 on FXJunction but I cannot get the broker names to show, which is why I have come back to My Book. I will see if BB here allow a tag line and if I can put the My Book link into it which will save me continually cut and paste the link. I’ll get 27 here asap.
Cheers for now.
Bah Humbug ! Can’t put it in a signature but can paste directly from my PC - so eacj post I will and that will save us hunting back for the link.
Cheers
Been reading some pages now and im very curios of this system, looks pretty awesome.
BUT, im getting a little bit confused over here. Windsor shows a system at page 1, the first post, and then another system at page 5 (without the EMA). So which system is beeing used/discussed?? :34:
I’m still using the EMA to filter out my trades manual trades…I’ve updated the first post in this thread to reflect the latest rules, not the earlier rules.
NewNine, unfortunately no i am not trading USDJPY or EURJPY at this point in time. If we can get a viable EA with the newest rules then by all means I will try those pairs out.
As for the min fib size, try them and see how they work, if not, adjust them slightly and try again. The JPY is a funny currency and can be extremely volatile, and it seems to be working for the other traders on this thread.
Try those settings out and let us know how they work!
I have updated the first post with the newest rules that are generating more profit for me personally. The system on page 5 is an older, outdated system that hasn’t been ‘tweaked’ so to speak.
If you read through the thread, any mention of the EA bentz has made from v25 and earlier refers to the old, outdated system, and anything after v26 is with the new rules found on post #1.
Thanks for answering that fast. It clears up a little bit. But I’m still kinda confused.
After reading the thread I get the impression of that I can just jump in to whatever chart and set up the fib lines and place my stop orders? Don’t you need some other “settings to be set” for you to enter a trade? Or is it what you mean with the 50 ema? You only go long when charts over 50 ema and go short when under? And it feels like there are many trading opportunites each week?
Haha, I feel like a complete retard, I blame the language since I’m from Sweden. And what is EA?
I know I’m asking much but I would appreciate big time if you can explain for me when to enter, how to enter and so on.
FYI guys, I have not optimized min fib size for entry on any pairs. I am running 24C, 25 and 27 OOTB in terms of fib sizes. I have increased risk to 4 % and opened up spread to 12 for all. If it rips away as it did on Pepper last December I can change my lot size in the mq4 and recompile and I have the change acroos the board. It is a lazy, but easy way to reset lot sizes. Not optimising min fib will cause some failure to make trades where there is lower volatility. For a couple of weeks or more I am just letting it run to gauge broker performance and once having decided broker performance I will drop some of them out and start optimising for entry based on longer term ATR. Presently am running 13 platforms for this so am taking a very shotgun approach for the moment.
Recall that last year we had results varying from about 20 % to 80 % on different brokers but with same settings. I want to see who is reliable. No point in trying to optimise if the broker is badly skewed. This is what I hate about demos but I am not prepared to go live yet.
Starchn,
No need to feel like a retard, seriously, we all had our beginnings in Forex somewhere and have felt the same way as you do. With time the lingo will become second nature.
The term EA means Expert Advisor, an EA is a way to let the Metatrader platform to trade automatically as long as certain conditions are met.
To get to your first question, yes, all you need to do is open a chart, attach a 50EMA and see if price is above it or below it. If above, and the previous candle that closed was BULLISH (meaning the close was higher than the open) then draw the fibs and enter a BUYSTOP. If the price is below the 50EMA, and the previous candle closed was BEARISH (the close was lower than the open) then draw fibs and enter a SELLSTOP. As simple as that.
Yes, there are several opportunities to trade per week, but be warned. 9 times out of 10 (probably a lot higher) the trade will hit the break even point (131.8 fib mark) and go back and the trade will get stopped. Unfortunately, we haven’t hit one of those big moves, which this system is designed to catch. GBPUSD should be making a move up soon.
As for V27, I’m still in the hole. It doesn’t seem to be behaving all that well. Last night on my manual trades, GBPUSD, EURUSD and AUDUSD were all lined up for pending BUYSTOPS, yet the EA didn’t open any trades for GBPUSD as there was an open SELL position. A sell position which I didn’t enter into manually. It would be better if the EA opened a pending order on a daily basis, regardless of previous trades. I guess the only way around that now is to open a new chart and apply the EA to that. Wonder if that would work?
