Mark120169's easy and free daily system

This is a discussion on Mark120169's easy and free daily system within the Forex Net Trap forums, part of the Specialists' Corner category; Originally Posted by peterf1966 Sonds good Mark, I thought you had been quiet. Longer time frames and wider stops is ...

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Old Jan 18, 2012, 6:32pm   #9
 
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Re: Mark120169's easy and free daily system

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Originally Posted by peterf1966 View Post
Sonds good Mark, I thought you had been quiet. Longer time frames and wider stops is where I have been looking, including overnight - I just haven't got the time and discipline to fully record and analyse what I am doing, just going on likely low and highs ie looking at PA. I'll give it a go, lets see.
I have started this afresh, new SLM live account just with £500 in and doing it @ 10p pip and compounding weekly. Obviously needs decent successful before stakes are upped to 20p pip as the account needs to grow by several hundred pounds.

Doing Eur/GBP on demo which is not so good as the daily movements don't seem big enough, but going to add Eur/JPY on this tomorrow Demo as that looks like it could work and daily movement sizes are not to different to EU, but often movement patterns within the day are slightly different between EU and EJ so it could be interesting.

GU is to volitile by far, the daily ranges are fine but it's the big whipping up and down daily from market opens, GBP, EUR and USD news all effecting it that causes to many stop outs.

Fitst loss of the year so far today long, -50 pips. Was going well but London open dragged it down about 80 pips then it shot up again. Typical.

Pretty sure market is staying north so short order will never be triggered by 11pm and be cancelled.

M
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Old Jan 18, 2012, 7:21pm   #10
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Re: Mark120169's easy and free daily system

Hi Mark,

good to hear from you - I thought you'd either won the lottery or discovered the ultimate strategy and were quietly trading it from a tropical beach somewhere.

Thanks for sharing this. The daily TF is much more my thing so I'll have a look.

Cheers.

Neil.
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Old Jan 18, 2012, 11:57pm   #11
 
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Re: Mark120169's easy and free daily system

Nice one Mark, thanks for sharing...

You mention a .set file in one of the posts above, is there one supposed to be attached or take everything as default in the EA apart from the following;
TP=200
SL=50
Risk = 2%
NDay = following day!
BEPips = 100
TrailingStop = 50 ?

Also the PDF seems to be corrupt..

Cheers
Steve
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Old Jan 19, 2012, 12:22am   #12
 
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Re: Mark120169's easy and free daily system

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Originally Posted by fwloop View Post
Nice one Mark, thanks for sharing...

You mention a .set file in one of the posts above, is there one supposed to be attached or take everything as default in the EA apart from the following;
TP=200
SL=50
Risk = 2%
NDay = following day!
BEPips = 100
TrailingStop = 50 ?

Also the PDF seems to be corrupt..

Cheers
Steve
It's not a pdf it is the set file, so change the .pdf extension to .set, and it will work.
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Old Jan 19, 2012, 12:26am   #13
 
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Re: Mark120169's easy and free daily system

mark120169 started this thread
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Originally Posted by fwloop View Post
Nice one Mark, thanks for sharing...

You mention a .set file in one of the posts above, is there one supposed to be attached or take everything as default in the EA apart from the following;
TP=200
SL=50
Risk = 2%
NDay = following day!
BEPips = 100
TrailingStop = 50 ?

Also the PDF seems to be corrupt..

Cheers
Steve
I have just downloaded the .pdf and renamed it as a .set and dropped it into and MT4 demo account and it works perfectly? In fact I downloaded it and renamed it in one swoop by doing "save as" and editing ".pdf" to ".set" and then ok. For those struggling with this either email me and I will email you the .set file or set the Amazing EA up manualy with the following settings :

Pipsaway = 50
TP = 200
SL= 50
Nday = 20 (or the next day coming when you first load the EA !!)
NHour = 0
NMin = 1
CTCBN = 0
SecBPO = 55
SecBMO = 55
STWAN = 86340
OCO = false
BEPips = 100
TrailingStop = 100


The next settings are money management so you can set what you like just as in FNT Trader EA, but this is for fixed 0.1 lots, 10p in SLM.

mm = false

RiskPercentage = 5 (standard in the EA but does nothing as mm = false, to trade a % of your account set mm = true and set this to what % you want to trade. )

Lots = 0.1

Once you have set these up save the file and name it "FX Daily Straddle".


Any other questions please ask.

M
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Old Jan 19, 2012, 12:39am   #14
 
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Re: Mark120169's easy and free daily system

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Todays (18th) pending orders have now been setup by the EA @

Buy 12791.8 and sell 12689.4.

So we shall see what happens over the next 24hrs. Basically a very slow, lazy relaxing way to trade on the D1 timeframe. Way above the noise of news releases and market opening and closing spikes. No looking at S & R levels, cam levels or trying to second guess where it's going. Just let it go where the market takes it and hopefully have a profit come days end.

Hopefully the Asian session will push in one direction overnight and the UK / Europe and USA sessions will keep that trend going for another days profit tomorrow.

Have Fun.

M
First loss of the year today - 50 pips. Long order triggered overnight and was about +6ish come 8am. Then London open dragged it down flippin 65 pips in just 1/2 hour, taking out the S/L then it bounced straight back and shot northwards.

Was a BRN issue as 8am open was 12798 , so market was shorting off the 12800 price level.

Pain as the day closed up +111 pips so would have made us +61 pips, over 2% gain.

Such is life and the positive way to look at it is that the trade was not whipped into the short order triggering then also losing which it would have if triggered.

So in this regard my observations from 2011 have worked with the 50 pip distance from daily open, because a 25 pip distance I started trying would have been whipped for a double loss today.

M
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Old Jan 19, 2012, 12:48am   #15
 
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Re: Mark120169's easy and free daily system

If someone can make a fully automated EA (not got the time for a couple of months myself) then I can now back-test trading on the dollar pairs over 10 years with Oanda tick-data to help speed up the analysis.
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Old Jan 19, 2012, 12:56am   #16
 
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Re: Mark120169's easy and free daily system

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you won't need 99% quality backtesting on the D1 timeframe. M1 data (90% quality) will be more than adequate.

...well in that case i'll crack on with the back test and present the charts and results by the weekend 2006-2011..... until then...
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