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10.3 SCALPER/RANGE TRADE SYSTEM
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=919		 Page 143 of 178
Author:  sk29 [ Fri Jan 11, 2013 9:41 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
fmuir wrote:
DWMP_Comparisons.png


It would be interesting for others to contribute their results (along with b*roker and their GMT Offset) and have them tabulated and published. We would then have a much clearer picture of what we are all dealing with regards to DO and DP calculations.

Hopefully you will find this information interesting and helpful.

Regards,
-Frank
I can confirm that I got the exact numbers up to the 5th decimal for both version 1.0.8 and 1.0.9. Of course, I'm on Cowboy IBFX and living in eastern time, but at least we can be confident that Cowboy IBFX numbers are in sync.

DWMP for 10.3 v1.0.8 w/GMT+2
DO - 1.32663
DP - 1.31936
DR1 - 1.33494
DS1 - 1.31148

DWMPivots v1.0.9 w/GMT+2
DO - 1.32663
DP - 1.31936
DR1 - 1.33494
DS1 - 1.31148
Author:  nanningbob [ Sat Jan 12, 2013 4:32 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
morgb wrote:
nanningbob wrote:
sk29 wrote:So, my trades for today 01/11/2013 are as shown in the picture.

Obviously, things begin to work in the right direction, but there are too many early stop outs. Any recommmendations on what would be a next good experiment on SL, TP, and JS?
Capture.JPG
Working on it. I am thinking of a MA close EA, all it would do is close a trade when a MA is crossed. Still have a close in SL but if price runs it wont stop it.

What about maybe implementing some kind of partial % closure within the Jump EA that monitors all magic no 103's. Say with mptm setting the intial 18sl 100tp and then the jump doing its thing with the trailing stop + whenever say 30pips is hit (or whatever you define) 50% of the position is closed letting the rest run with the Jump EA.

Trying to catch best of both worlds I guess.
The Jump EA with Hedging also has that feature. THe idea is there but has not been tested. Busy with other areas right now.
Author:  FxFoil [ Sat Jan 12, 2013 5:47 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
.
Author:  morgb [ Sat Jan 12, 2013 3:37 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:
morgb wrote:
nanningbob wrote:
sk29 wrote:So, my trades for today 01/11/2013 are as shown in the picture.

Obviously, things begin to work in the right direction, but there are too many early stop outs. Any recommmendations on what would be a next good experiment on SL, TP, and JS?
Capture.JPG
Working on it. I am thinking of a MA close EA, all it would do is close a trade when a MA is crossed. Still have a close in SL but if price runs it wont stop it.

What about maybe implementing some kind of partial % closure within the Jump EA that monitors all magic no 103's. Say with mptm setting the intial 18sl 100tp and then the jump doing its thing with the trailing stop + whenever say 30pips is hit (or whatever you define) 50% of the position is closed letting the rest run with the Jump EA.

Trying to catch best of both worlds I guess.
The Jump EA with Hedging also has that feature. THe idea is there but has not been tested. Busy with other areas right now.
Ah cheers bob.....I'm going to start testing just the 50% close option from monday, keeping the 18SL + TP 100 with the jump EA doing its thing in between, if I get to 30 pips then close half etc.

Love your system btw nice clean simple rules even for a dummy like me - I think I may have finally found a manual system that I actually stick to - THANKS :mrgreen:

And also it gives me the confidence to size my positions correctly and not just test at the usual 0.01 lots - 1% on each trade from now on.
Author:  xrismak [ Sun Jan 13, 2013 2:03 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Peeps,
Please take Note of these Fundamentals, Culled from (United World Capital), Next week will be Exciting....
As expected the European Central Bank (ECB) kept interest rate unchanged at 0,75 % in its board meeting yesterday. In a following up press conference its president, Mario Draghi, offered a carefully worded optimistic view, indicating a turnaround in the euro zone at the end of 2013. His cautious remarks had the EURO to jump 150 basis points against the dollar reaching a one week high at 1.3280. The dollar lost ground against most currencies, but on announcement of Japan’s economic stimulus policies, USD/JPY jumped to 89,35, the highest level seen since June 2010.

Asian shares eased back on profit taking this morning on news on higher inflation in China. The annual consumer inflation rate accelerated in December to a seven-month high on higher food prices. The growth in Chinese export and a strengthened balance of trade numbers helped the US indexes towards new highs. Nasdaq and Dow Jones rose 0,45 % with the S&P at its highest level in 5 years. The Asian stock indexes are falling back on Chinese inflation fears.

Prime Minister Shinzo Abe announced today that the Japanese government is going to pump USD 150 billion into roads, schools and increased safety for its nuclear plants. These economic stimulus might lead to an increase of 2 % in Gross Domestic Product (GDP) and get Japan out of the vicious deflation spiral. His intended policies have had a very positive impact on Japan’s benchmark Nikkei stock average which climbed a new 1,7 % to a 23 month high. His Keynesian spending measures have, however, been met with criticism from finance traditionalists.

The Chinese export numbers and Draghi’s cautious optimism had a positive impact on oil and commodities. Brent crude jumped to USD 112,50 a barrel, but has eased back below 112 on the inflation fears. Spain first bond auction in 2013 raised more money than expected on lower borrowing costs. 10-year Spanish government bond yields fell to a 10-month low at 4,90 %. The result of the auction gave also a boost to the Euro. Gold and silver rose to USD 1672 and 30,85 an ounce respectively.

President Barack Obama yesterday appointed his chief of staff, Jack Lew, to succeed Tim Geithner as US secretary of finance. Lew a former Citibank manager and budget expert has also served under President Clinton. The appointment stresses that the focus in US financial and economic policies in the near future will be on the budget and how to tackle the difficult budgetary negotiations between Democrats and Republicans in the US Congress.

Happy Trading,
xrismak ;)
Author:  nanningbob [ Sun Jan 13, 2013 10:12 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Since many now have readjusted to other start times on the pivots. Entrances will also differ and the EAs of the past may no longer be usable. Those of us who may not change with the new pivot lines can still use the EAs provided in the package. Those that do change need to adjust from the EAs already provided. These new EAs can be used no matter where your pivot lines and daily open lines are. As long as you are on the right side of the move they will work fine. If you are on the wrong side of the move they still will get you out in decent shape. Here is an update which I will post on page 1 after confirmation that everything works properly. The key is the 10 MA and the cross of the lines on any TF. I will post pics and show examples so you can understand how they work. I have been working with the 10 MA for a while and now wish to introduce it to you.
Author:  nanningbob [ Sun Jan 13, 2013 10:17 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
This pic we will show the last 3 days of trading using the 1x10 EAs. First a pic of the 1.09 with its settings
Author:  nanningbob [ Sun Jan 13, 2013 10:23 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Here is one with the old 1.07 indi. It shows 2 days of Do above DP. Now before some of you get all exicited about the I told you so, I can show just the opposite on other days where the 1.09 would be wrong on days also. But that is not my concern here, just show that I do understand and know the difference. So to explain how the 10x1 EAs work. Green line to green line.
Author:  nanningbob [ Sun Jan 13, 2013 10:29 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Yellow arrows are trades, gray areas are ugly areas. 15M chart
Author:  nanningbob [ Sun Jan 13, 2013 10:37 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
1 Hour chart trades picture is clearer. What you will find with the 10x1 MA is the better the trend the better to use higher charts. The more it ranges the better to use lower charts.
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