Daily95pips

Thread: Daily95pips

  1. #1
    Hi all and welcome to the DAILY95PIPS egy.

    Before we start I urge you to paper trade any new egy including this one before committing any of your own funds. Thorough testing is crucial before taking any egy live.

    এও মনে রাখবেন যে এই সিস্টেমটি কোনওভাবেই নতুন নয় এবং আপনার কারও সাথে পরিচিত হতে পারে। আমি এটি কেবল আমার পূর্বসূরীদেরপরাম� �্শদাতাদের কাছ থেকে এই আশায় এগিয়ে চলেছি যে এটি আপনার বিদ্যমান ট্রেডিং অস্ত্রাগারকে যুক্ত করে এবং আপনার ব্যবসায়ের ফলাফলকে বাড়িয়ে তোলে।

    The basis of this system is VERY simple and has proven to be profitable, though I am adjusting the money management/profit targets. So results for this revised version will be realised on this thread. I must also emphasise the well known phrase that past performance is no guarantee of future returns.

    I will add the daily trading results to this thread as we go along. See post#1602 for updated results for the current week. Weekly and individual pairs results are at post #1602. Monthly totals are at post#1602. (Please disregard the next post #2 as I am unable to add to it.)

    That being said, let us proceed with the egy.

    OVERVIEW:
    This is a pure set and forget system where trades are placed at the same time everyday. The option is also there for those inclined to monitor their positions to adjust stop levels as profit targets are reached. Please note that there is currently an Expert Advisor being developed that automates the trading of this egy, thus keeping to the set and forget objective. Please click on the paperclip at the top right hand side of the page to find the current versions. For those new to using Expert Advisors you will need a broker that uses an MT4 platform such as North Finance, IBFX, ODL, FXDD to name a few. For instruction on installing EA's go to:
    http://www.halcyonfx.com/howtoinstall.htm

    By setting multiple profit targets we are exercising money management, while aiming for 95pips profit from a 50pip move in price.
    We will simply be placing orders 5pips above the previous days HIGH and 5pips below the previous days LOW.(Actually, it's more like the previous 17hrs at 5pm EST.)
    Use a 30pip stop loss for all orders.
    Orders are placed on Monday, Tuesday, Wednesday, Thursday and Friday.

    কার্যকারীকরণ:

    1.) At 5pm EST open the 1hr chart (2hrs b4 start of the Asian session) of USDJPY. ( In an attempt to pre-empt questions about how this egy works on other pairs, I will post results comparing GBPUSD, GBPJPY, EURJPY, and EURUSD. You're welcome to add to the list.)
    যাদের সময়ান্তরে রূপান্তর করতে সহায়তা প্রয়োজন তাদের কাছে যান:
    http://www.timeanddate.com/worldclock/converter.html
    For those whose brokers spreads are still wide at 5pm EST on Sunday (which is 7am my time on a Monday here in Brisbane), in order to avoid the wide spreads you may need to wait until they reduce to normal before placing the orders for the day. I typically have to wait until around 8pm EST for Oanda's spreads to reduce back to normal.


    2.) Use the high and low of the previous 17hrs. For Mondays orders go back as far as 00:00 EST on Friday for high and low.

    3.) Open a total of 6 PENDING orders (for each pair) including 3 BUY STOPS and 3 SELL STOPS that expire within 24hrs (I use 18hrs) as follows:

    ক্রয়দীর্ঘ আদেশ:
    i. #1 - Entry = HIGH 5pips, Take Profit=15pips, S/L=30pips
    ii. #2 - Entry = HIGH 5pips, Take Profit=30pips, S/L=30pips
    III। # 3 - এন্ট্রি = উচ্চ 5 পিপস, লাভ = 50 পিপস, এসএল = 30 পিপস নিন

    Sell/Short Orders:
    i. #1 - Entry = LOW-5pips, Take Profit=15pips, S/L=30pips
    আ। # 2 - এন্ট্রি = কম -5 পিপস, লাভ = 30pips, এসএল = 30 পিপস নিন
    III। # 3 - এন্ট্রি = কম -5 পিপস, লাভ = 50pips, এসএল = 30 পিপস নিন

    That's it.

    Once you have placed your orders you are free to go and do something else with your day as this egy does not require you to be monitoring the trades. Though, as already mentioned, to maximise results you may choose to adjust stop levels when profit targets are reached which by the way is automatically done by the EA.

    There can be 4 possible outcomes after either the long or short trades are triggered:
    1.) All 3 profit targets are reached for a total of 95pips.
    2.) The first 2 profit targets are reached ( 45pips) and the remaining lot is stopped out (-30pips) leaving a total of 15pips.
    3.) The first profit target is reached ( 15pips) and the two remaining lots are stopped out for a total of -45pips.
    4.) All 3 lots are stopped out for a total of -90pips.
    দীর্ঘ এবং সংক্ষিপ্ত উভয় বাণিজ্য যখন ট্রিগার করা হয় তখন এর পরিবর্তিত ফলাফল এটির অতিরিক্ত।
    Also note that for those so inclined to monitor the trades, stop levels may be adjusted on remaining lot/s to protect already achieved profits. Trailing stops may also be used at your discretion. These features are included in the EA.

    Please note that as a general rule of thumb you should not risk any more than 3% of your trading account on any one trade.
    Therefore, with the DAILY95PIPS egy the order size will need to be divided between the long and short orders. The total potential loss on the long orders (90pips) will therefore add up to 3% of your trading account.
    Alternatively, you could risk 3% of your trading capital on EACH order, totalling 9% of your trading capital being risked for the long trades. The same applies to the short orders.

    সবাইকে ট্রেডিং শুভ!

  2. #2
    I started using this since last Monday. I'm still tweaking it a bit. I use small lots. Will get into the big numbers at a later time. One order was already taken at t/p. I will take a look at the EA later as well.

  3. #3
    So what you are trying to say is: Long orders: 1. Entry = Low-5pips, TP=15pips, SL=30pips 2. Entry = Low-5pips, TP=30pips, SL=30pips 3. Entry = Low-5pips, TP=50pips, SL=30pips Short orders: 1. Entry = HIGH 5pips, Take Profit=15pips, SL=30pips 2. Entry = HIGH 5pips, Take Profit=30pips, SL=30pips 3. Entry = HIGH 5pips, Take Profit=50pips, SL=30pips How are the results on this egy? Thanks

  4. #4

    Quote Originally Posted by ;
    Hi all and welcome to the DAILY95PIPS egy. Before we start I urge you to paper trade any new egy including this one before committing any of your own funds. Thorough testing is crucial before taking any egy live. Also bear in mind that this system is by no means new and may look familiar to some of you. I am simply passing it on from my predecessors/mentors in the hope that it adds to your existing trading arsenal and increases your trading results. The basis of this system is VERY simple and has proven to be profitable,...
    hi all i am trade manually just opposite to this EA it gives good results, so kindly modify for reverse trades, means,, sellstops orders become Buystop AND BUYSTOPS become sellstops

  5. #5
    [quote=mikelath;1559420]Hi all and welcome to the DAILY95PIPS egy. Before we start I urge you to paper trade any new egy including this one before committing any of your own funds. Thorough testing is crucial before taking any egy live. Also bear in mind that this system is by no means new and may look familiar to some of you. I am simply passing it on from my predecessors/mentors in the hope that it adds to your existing trading arsenal and increases your trading results. The basis of this system is VERY simple and has proven to be profitable,...[/quHi all it is very good ,but i need totally reverse,sellstops become buystops and buy stop,become sellstop,

  6. #6

    Quote Originally Posted by ;
    Hi all and welcome to the DAILY95PIPS egy. Before we start I urge you to paper trade any new egy including this one before committing any of your own funds. Thorough testing is crucial before taking any egy live. Also bear in mind that this system is by no means new and may look familiar to some of you. I am simply passing it on from my predecessors/mentors in the hope that it adds to your existing trading arsenal and increases your trading results. The basis of this system is VERY simple and has proven to be profitable,...
    hi, does this method still work?? i tried to use the EA attached but it keeps telling me to update, is there an update i could download?

  7. #7
    এই egy এখনও কেউ ব্যবহার করছেন?

  8. #8

    Quote Originally Posted by ;
    DAILY95PIPS results will be posted here:
    It's seems that I am unable to edit the above post, so results may need to be given on separate posts as we go along. The first day's results are posted here. It was a very mediocre day due to low volatility in the market, highly attributed to the Bank Holiday in the UK. Date: Monday 27 August 2007 GBPUSD GBPJPY USDJPY EURJPY EURGBP EURUSD 15pips 15pips -45pips 15pips no touch no touch Happy pipping ! Ok. I'll try to get more organised with the results. As i can edit this post (unlike post#2), I hope to add all future results here. I'll also add daily comments, serving the purpose of a trading journal. Date: Tuesday 28 August 2007 GBPUSD 95 GBPJPY 95 USDJPY 95 EURJPY 15 EURGBP 23 EURUSD -90 Comment: A good day overall. EURJPY came within 2pips of the 50 profit target. EURGBP 15pips PT was reached and the other 2 lots were closed out manually before new orders were placed for the next day.

  9. #9

    Quote Originally Posted by ;
    My Broker is IBFX and their new daily candles starts at 8.00 EST. Is that going to make an difference to placing the trade. In your first post you said that you place a new trade at 5.00 EST Thanks Billser
    Billser, FXDD starts their day at 5PM EST. If you wanted to you could download their platform on a demo, for their charts. They also don't have the short Sunday candle to worry about.

  10. #10
    My Broker is IBFX and their new daily candles starts at 8.00 EST. Is that going to make an difference to placing the trade. In your first post you said that you place a new trade at 5.00 EST Thanks

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