SpiderX » Tue Oct 14, 2014 4:29 pm wrote:Hi all

Attached is PipMasher the indicator.
Only works on D1 chart.
The yellow dots (default settings) indicate Friday No Trade day.
Arrow will appear on the signal candle if it is not Friday.

Cheers

nicolkoekoek » Fri Jan 23, 2015 6:50 pm wrote:

SpiderX » Tue Oct 14, 2014 4:29 pm wrote:Hi all

Attached is PipMasher the indicator.
Only works on D1 chart.
The yellow dots (default settings) indicate Friday No Trade day.
Arrow will appear on the signal candle if it is not Friday.

Cheers

Hi,

I really enjoy this strategy and indicator! and a big THANKS for coding it!, but I do have some questions..

I understand the principle, (long, mid-long and shorter daily trend, etc) but is the monthly bar, for long trend, really the data we want in the code as I understand it? If it is a monthly bar, does it not hold (at the first trading day of the month), just the trading data of that first day? (in other words, the monthly bar equals the weekly bar, and the daily bar at the first trading day of the month, if it would start at the beginning in a new week)

If so, could it not generate signals against the main trend (read as an example; the average of the last 20 trading days as an indication for the longer trend)?. I can see that using the weekly bar as being valid, but the monthly bar in the beginning of the month? Am I seeing this all wrong then please delete?

I am still learning how to code but it might take a while before I can really add to the forum, for the Indicator I got some idea's;
- For the long term trend not the monthly bar but the some kind of average of the last 20(?) days as an option..(or of course any other even better solution)
- An alert on every arrow signal (so we are then also able to see when they where generated in time)
- The first arrow in a new main direction as a different color, size, and with its own alert. (maybe later for the EA it's own lot size and trade..)

I also saw these arrows on the Daily chart, but could not really get it why?


Have a great weekend! Nicolaas

nicolkoekoek » Fri Jan 23, 2015 4:50 pm wrote:
Hi,

I really enjoy this strategy and indicator! and a big THANKS for coding it!, but I do have some questions..

I understand the principle, (long, mid-long and shorter daily trend, etc) but is the monthly bar, for long trend, really the data we want in the code as I understand it? If it is a monthly bar, does it not hold (at the first trading day of the month), just the trading data of that first day? (in other words, the monthly bar equals the weekly bar, and the daily bar at the first trading day of the month, if it would start at the beginning in a new week)

If so, could it not generate signals against the main trend (read as an example; the average of the last 20 trading days as an indication for the longer trend)?. I can see that using the weekly bar as being valid, but the monthly bar in the beginning of the month? Am I seeing this all wrong then please delete?

I am still learning how to code but it might take a while before I can really add to the forum, for the Indicator I got some idea's;
- For the long term trend not the monthly bar but the some kind of average of the last 20(?) days as an option..(or of course any other even better solution)
- An alert on every arrow signal (so we are then also able to see when they where generated in time)
- The first arrow in a new main direction as a different color, size, and with its own alert. (maybe later for the EA it's own lot size and trade..)

I also saw these arrows on the Daily chart, but could not really get it why?

Gertje » Fri Jan 23, 2015 6:13 pm wrote:

nicolkoekoek » Fri Jan 23, 2015 4:50 pm wrote:

The monthly candle is from the previous month, so in januari it's the candle of december, etc.
Same for weekly, previous full week.

Where did you get the arrows? HGI? No need for those with PPM.

pipcruiser » Fri Jan 23, 2015 11:57 am wrote:
If you read post 1 and the post above yours, I am sure you will get the answers you are looking for...

It is not broke so don't try to fix it...

PC

AnotherBrian » Fri Jan 23, 2015 9:18 pm wrote:Been trading this since Jan 13, so that's 2 weeks. Trading 0.01 lot per $1000. 29% with a draw down of 4.5%.
I assume this return is not typical as these two weeks have been a little odd, not to mention part of this gain was actually EURCHF going in the right direction (about half). CHF pairs have been removed. 20 pairs currently and I think that might be too many but leaving it for now.

What I like even better than the numbers above is the fact that this system uses a stop loss and survives. The risk control is something that lets me sleep at night.

What return have others seen on average per week? Need to align my expectations!

Gertje » 24 Jan 2015, 08:10 wrote:

AnotherBrian » Fri Jan 23, 2015 9:18 pm wrote:Been trading this since Jan 13, so that's 2 weeks. Trading 0.01 lot per $1000. 29% with a draw down of 4.5%.
I assume this return is not typical as these two weeks have been a little odd, not to mention part of this gain was actually EURCHF going in the right direction (about half). CHF pairs have been removed. 20 pairs currently and I think that might be too many but leaving it for now.

What I like even better than the numbers above is the fact that this system uses a stop loss and survives. The risk control is something that lets me sleep at night.

What return have others seen on average per week? Need to align my expectations!

I started around X-mas, and lost 10% during 2014 (0.02/$1.000 or 2%).
Am now up nearly 30% from starting balance, I will change lotsizes this weekend (0.10 -> 0.14) to accommodate higher balance.

I asked Pipcruiser the same, and he replied that there never was a month with less than 1.000 pips. With my risk that's 20% monthly, with very low DD.

SteveHopwood » 22 Jan 2015, 08:17 wrote:

PipPoppy » Wed Jan 21, 2015 7:42 pm wrote:If you enable addBEP in your jump stops it will add those 5 or 10 protection pips that you have set in your 'BreakEven' setting EVERY time it jumps so if you are using break even as well as jump stops then do not enable the 'addBEP' in your jump stop settings.

I saw why as soon as I looked at the code. Thanks for a most useful post. This code has been a part of my shells for years, so a tad scary that none of the other thousands of us here have not noticed this.

Once upon a time there was MPTM where Breakeven and JumpingStop worked perfectly independently of one another. Breakeven could be disabled and JumpingStop enabled, and JumpingStop with AddBEP worked independently, adding BreakEvenProfit from the Breakeven function.

At some point, some idiot suggested an 'improvement' that I was moronic enough to accept, and what had worked perfectly before became broken. It looks as though the fix for the broken stuff did not work.

V 1k is in post 1 with a fix for this. Can someone confirm that that it now works correctly some time next week, please?

AnotherBrian » Fri Jan 23, 2015 3:18 pm wrote:Been trading this since Jan 13, so that's 2 weeks. Trading 0.01 lot per $1000. 29% with a draw down of 4.5%.
I assume this return is not typical as these two weeks have been a little odd, not to mention part of this gain was actually EURCHF going in the right direction (about half). CHF pairs have been removed. 20 pairs currently and I think that might be too many but leaving it for now.

What I like even better than the numbers above is the fact that this system uses a stop loss and survives. The risk control is something that lets me sleep at night.

What return have others seen on average per week? Need to align my expectations!