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 T2W Archive category; Originally Posted by mark120169 Ok, Still waiting for the choppy period as this is going a bit too well!! M ...

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Old Jan 24, 2012, 12:19am   #46
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Re: Mark120169's easy and free daily system

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Ok,

Still waiting for the choppy period as this is going a bit too well!!



M
Your right, it will come. Showing 486 pips for January since 3rd on my backtest. And starting to manually backtest from Sept 1st last year. Just finished the first 7 days which produced 336 pips and that was with one day that had a double stop hit!

I'm sure when drawdown happens it's going to be equally impressive!! But can't argue with the results so far.
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Old Jan 24, 2012, 12:24am   #47
 
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Re: Mark120169's easy and free daily system

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Your right, it will come. Showing 486 pips for January since 3rd on my backtest. .
I try and see this a +19.5% since 3/1/12 based on 50 stop = 2% risk.

M
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Old Jan 24, 2012, 10:03pm   #48
 
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Re: Mark120169's easy and free daily system

Ouch! Double stop out today!
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Old Jan 24, 2012, 10:39pm   #49
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Ouch! Double stop out today!
Looks like I was lucky. I set my trades manually. Close at 00.00 was 1.3013 so my long wouldn't of been triggered until 1.3065 (I add 2 pips for spread). Made it by a whisker
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Old Jan 24, 2012, 10:56pm   #50
 
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Ouch! Double stop out today!
Maybe you need to check your entry is correct? Long didn't trigger for me by 1 pip on SLM.

-50 on the EU short.

Just checked and as the EA automaticaly adds broker spread to long orders should have had a pending order long around 13064.6 on SLM. Less spread this gives a bid trigger of 13063.1, and the highest bid got to on my charts was 13062.

M

Last edited by mark120169; Jan 24, 2012 at 11:05pm.
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Old Jan 25, 2012, 12:02am   #51
 
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Re: Mark120169's easy and free daily system

mark120169 started this thread EU -50 today, -2% , EJ closed out for +50, +2%

M
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Old Jan 25, 2012, 12:50am   #52
 
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Re: Mark120169's easy and free daily system

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Maybe you need to check your entry is correct? Long didn't trigger for me by 1 pip on SLM.

-50 on the EU short.

Just checked and as the EA automaticaly adds broker spread to long orders should have had a pending order long around 13064.6 on SLM. Less spread this gives a bid trigger of 13063.1, and the highest bid got to on my charts was 13062.

M
long entry was at 10.17 server time, at 1.30634, i see 1.30620 as the high also...so triggered by 0.1 of a pip. I did adjust the entry to what I thought was the 11pm open, must have typed it in wrong. Just call me unlucky Alf. Bugger!
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Old Jan 25, 2012, 1:03am   #53
 
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Re: Mark120169's easy and free daily system

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long entry was at 10.17 server time, at 1.30634, i see 1.30620 as the high also...so triggered by 0.1 of a pip. I did adjust the entry to what I thought was the 11pm open, must have typed it in wrong. Just call me unlucky Alf. Bugger!
My EA actually set an entry of 13064.9, which I left alone as it was 0.3 pip higher than 11pm official entry on SLM.

Basically the EA sets the pending orders 5 seconds past 11pm so their is always a chance of some small varaition in those 5 seconds. So I check before bed.

In theory the EA can be set to 1 second after or 1 second before, but not exact. However I have found in real life the EA is unreliable under 5 seconds at actually starting up. 1 second gaps are not good at all and the EA have a high fail rate at placing the orders and just seems to sit their waiting for a time that never comes round again.

M
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Old Jan 25, 2012, 7:03am   #54
 
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Re: Mark120169's easy and free daily system

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EU -50 today, -2% , EJ closed out for +50, +2%

M
Same for me too !!
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Old Jan 25, 2012, 12:00pm   #55
 
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...... EA have a high fail rate at placing the orders and just seems to sit their waiting for a time that never comes round again.

M
That's what happened then, so I've reset manually just before going to bed by altering the start time, then manually changed the TP, SL and open price back to what should be the 11pm values. Just a tad unlucky that it took the long.

Short today so far so good - working at home, tempting to watch occasionally, but will try not to.
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Old Jan 26, 2012, 12:09am   #56
 
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Re: Mark120169's easy and free daily system

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That's what happened then, so I've reset manually just before going to bed by altering the start time, then manually changed the TP, SL and open price back to what should be the 11pm values. Just a tad unlucky that it took the long.

Short today so far so good - working at home, tempting to watch occasionally, but will try not to.
Ha, spoke to soon a jinxed it!

EU -32 today (-50 short, +18 long). EJ -50 long.

M
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Old Jan 26, 2012, 11:57pm   #57
 
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Ha, spoke to soon a jinxed it!

EU -32 today (-50 short, +18 long). EJ -50 long.

M
Ha, yes I did, I will keep my big mouth shut from now on, tbh I bailed out, as working at home I could see it struggling with support, got about +18 pips. however, cancelled the long, and missed out. Left it alone today and took a -50 on the long, cancelled the short at about 8pm
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Old Jan 26, 2012, 11:59pm   #58
 
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Ha, yes I did, I will keep my big mouth shut from now on, tbh I bailed out, as working at home I could see it struggling with support, got about +18 pips. however, cancelled the long, and missed out. Left it alone today and took a -50 on the long, cancelled the short at about 8pm
Yes EU -50 today long, EJ no trigger.

M
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Old Jan 28, 2012, 12:26am   #59
 
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Re: Mark120169's easy and free daily system

And an exact replay today, -50 on the EU long, not a good week. Did trade on EU just observing the ups and downs for 19 and 9 pips, just quick scalps, to offset the loss, but hard to concetrate on it when working. I must start Sunday gap trading, never been into it, since I withdrew my cash from IG and went into NT on the EA last year, with SLM -which doesn't open early enough.
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Old Feb 2, 2012, 5:48pm   #60
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Re: Mark120169's easy and free daily system

So far my backtesting shows you might be better off having a tp of 100 rather than 200. You'll miss some big moves for sure, but maybe better off over time.
Anyway, even on your settings Mark, it still looks like your about 9% this year. (but would be 18% up with 100 tp)

Last edited by runningdeer; Feb 2, 2012 at 5:57pm.
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