stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

Pipcruiser's Pipmasher
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3874		 Page 47 of 55
Author:  Gertje [ Tue Feb 03, 2015 12:40 pm ]
Post subject:  Pipcruiser's Pipmasher
Bruster400 » Tue Feb 03, 2015 12:32 pm wrote:Thanks all, - It looks like it was spreads. There was a 300pip spike at 3:30am and it looks like this triggered my pending trade but the spread was so wide at the time that the trade was imediately stopped out.

I thought it was an error in setting the stoploss but it looks like it was the speed between the open and close of the trade that kicked in the safety feature.

Unfortunately I have re-set my EA so don't have the average spread figure but it must have been more than 150! I looked at other AUD and KIWI pairs and it seems they all had similar issues with spread widening - the broker just couldn't cope with a spike like that. EURNZD went to 243pips! - on a 120 pips spike. GKFX if anyone is interested.

Thanks for your help
Hah, that's peanuts.
How about this spike;
USDJPY.dmaDaily.png
It's a feed-error. This one is so obvious no-one would miss it.
But who knows how many 'small' feed-errors happen on a daily basis, screwing you out of a trade?
Author:  SteveHopwood [ Tue Feb 03, 2015 7:37 pm ]
Post subject:  Pipcruiser's Pipmasher
I have just added this to post 1 for the benefit of people who might not have found it:
Confused? Help is at hand
Worried that your questions about rock-bottom basics might get you into trouble here? You should be. There is a thread though where you can safely ask the most basic of questions: http://www.stevehopwoodforex.com/phpBB3 ... 80#p113580 Pay it a visit.
:xm:
Author:  qvintus [ Tue Feb 03, 2015 8:08 pm ]
Post subject:  Pipcruiser's Pipmasher
Anyone trading live with Axitrader?
I got -450 pips today! 6 trades. Xfactornos settings.

Global Prime live account 6 trades -100pips on same settings.

Usually there is never any differences in trading results between thoose brokers. Both have the same time for opening the daily candle. I have been with both for a long time.
Author:  Wiggy1965 [ Tue Feb 03, 2015 10:24 pm ]
Post subject:  Pipcruiser's Pipmasher
qvintus » Wed Feb 04, 2015 6:08 am wrote:Anyone trading live with Axitrader?
I got -450 pips today! 6 trades. Xfactornos settings.

Global Prime live account 6 trades -100pips on same settings.

Usually there is never any differences between thoose brokers. I have been with both for long time.
Hi qvintus, i had much the same result as you....

Regards
Wiggy
Author:  SteveHopwood [ Tue Feb 03, 2015 10:39 pm ]
Post subject:  Pipcruiser's Pipmasher
Our thanks to Lee who took my request for a reminder seriously. :clap: :clap: :clap:

Copied from the updated post 1:
Different brokers = different D1 candles
The default trading times are based on the broker's time. By broker time, every D1 candle opens at 0.00. Any reputable broker should open at a 0.00 time that equates with the recognisable start of the trading day i.e. Sydney open. Do not expect to have results even remotely comparable with 0.00 = Sydney if your broker adopts a different D1 candle open time. There is an example here of a monthly candle that moved just 7 pips down overall on out GP charts, and so showed up as a down candle. Brokers opening a short while later had the candle as an up candle. Ok, so it is rare for an MN1 candle to move so little, but it can happen. Frankly, in Forex trading timing is everything.
:xm:
Author:  brt [ Tue Feb 03, 2015 11:52 pm ]
Post subject:  Pipcruiser's Pipmasher
Hmm Ok thanks for the heads-up Steve. I am in the US with Oanda and just found out from them that their day starts @ midnight EST, GMT-5 so can I adjust tradinghours input to fix this?
Author:  Reaper [ Wed Feb 04, 2015 12:52 pm ]
Post subject:  Pipcruiser's Pipmasher
spotdespot » Mon Jan 26, 2015 10:47 pm wrote:
xfactornos » Mon Jan 26, 2015 9:58 pm wrote:
Looks like you have 150sl? and then TP when you want to? :party:
Pretty much yes. I expect my approach will be less attractive to most as I do intervene but it just goes to show how good this EA is - quite a few different ways to make it work for you I think. :cheer:
Having the best demo so far, can you go one step further and provide your setfile and current trading pairs please? When you said previously you are scaling out of some positions are you using Steve's "PartCloseEnabled"?

I understand from a previous post your do a lot of "maintenance/personalisation", it may help me and others If you would expand a little bit more on that? Perhaps Steve can create a filter or two for perhaps what your doing manually?

Also your winrate is 74% but I do think that this is a lot higher, most of your losses were at the beginning of your demo when I'm sure you were tweaking/filtering pairs. I wouldn't be surprised if your current winrate is over 80-85%.

As Pipcruiser said in his first post, lets fine tune this baby!!

Many thanks for your help

:good:
Author:  spotdespot [ Wed Feb 04, 2015 1:32 pm ]
Post subject:  Pipcruiser's Pipmasher
Angat » Wed Feb 04, 2015 1:52 pm wrote:
Having the best demo so far, can you go one step further and provide your setfile and current trading pairs please? When you said previously you are scaling out of some positions are you using Steve's "PartCloseEnabled"?

I understand from a previous post your do a lot of "maintenance/personalisation", it may help me and others If you would expand a little bit more on that? Perhaps Steve can create a filter or two for perhaps what your doing manually?

Also your winrate is 74% but I do think that this is a lot higher, most of your losses were at the beginning of your demo when I'm sure you were tweaking/filtering pairs. I wouldn't be surprised if your current winrate is over 80-85%.

As Pipcruiser said in his first post, lets fine tune this baby!!

Many thanks for your help

:good:
I am willing to help where I can but perhaps if I explain what I do in more detail you will realise that the manual intervention isn't something that can be automated. I attached my set file in the first couple of pages of this thread I think but I will attach again. I think the only thing that has changed is that I started trading fixed lots - 0.02 lots per £1000 balance and updated it every now and then. I changed that a couple of weeks ago to a percentage risk, something approximating the same risk as I was using, but I may have tweaked it too high actually.

I don't use any automated tools/EAs etc beyond the Pipmasher EA itself. I move stops manually. I take partial profits manually. I kill pending trades that I don't like. I close trades that I don't like the look of.

Example:

Last week (and this?) there have been UJ pending trades - long last week, short this if I remember correctly. I deleted them. Why? This is why:
UJpc.JPG
Until price breaks out of (and preferably retests) that wedge I will carry on deleting any UJ pendings.

Often you will see pairs that are ranging over a reasonable period that causes pending orders to be set at the top or bottom of ranges. These I will just delete.

If I don't like the look of something, even if I am not 100% sure why, I will just delete the pending. Better to miss out of a good trade than take lots of bad ones.

I closed all the newly opened AUDx trades yesterday during the day (GMT). The reason being that AUD is a commodity currency. Oil was seeing a big bounce back after the recent huge fall and, that combined with the big spike on AUD currencies that triggered the trades in the first place due to the RBA cutting their interest rate, I expected AUD to appreciate. I actually took too long thinking about it but still managed to get out a bit ahead. I left the trades that already existed and were significantly in the green and protected as I expect longer term AUD to head back down again. As it happens I just have an AUDJPY short now and that's it.

I look for areas of supply and demand and if I have trades approaching those areas then I will either take some profit or protect the trade by setting the stop to BE. I don't use any indicator for this as I don't think they identify the areas I am interested in.

I move my stops below areas that offer some protection. I won't try to explain that as it isn't easy to do so but basically S/D, swings etc. I want the trades to have a lot of breathing room but I am not going to watch a trade go from +150 pips to become a -150 pip loser.

I will sometimes kill losing trades before they they reach the set SL if I think the conditions for the trade have changed. Or if there is nothing in the way to prevent them from hitting their stop.

For me Pipmasher allows really good entries, without too much emotion involved and all I have to do is a bit of trade management.

I hope that gives some insight even if it probably isn't what you wanted to hear. I have no hard and fast rules that I can offer - just guidelines.

Pairs traded now - all the usual suspects, nothing exotic, but no NZD pairs, no GBPCAD, no AUDCAD, no EURCHF.

Cheers,
Dave.
Author:  brt [ Wed Feb 04, 2015 1:51 pm ]
Post subject:  Pipcruiser's Pipmasher
Spotdespot- quick question for you- does your broker's D1 candle begin at 00:00? Thanks!
Author:  spotdespot [ Wed Feb 04, 2015 1:58 pm ]
Post subject:  Pipcruiser's Pipmasher
brt » Wed Feb 04, 2015 2:51 pm wrote:Spotdespot- quick question for you- does your broker's D1 candle begin at 00:00? Thanks!
Not sure how to answer that one. All brokers D1 candles begin at 00:00 broker time. The myfxbook link is for a Global Prime demo account (GMT+2) broker. So their D1 candle begins at 22:00 GMT.
All times are UTC Page 47 of 55

Powered by phpBB® Forum Software © phpBB Limited