+435 Pips | Fx Signals 15th & 16th Mar

Last week was an excellent example of how trading could be a roller coaster ride. A typical case when you should not deviate from your trading plan, no matter what.

I personally think last week was quite challenging psychologically and glad that we came out on top. We end up with +435 Pips for the week.

On the weekend I was battling with PC issues and couldn’t get much done, though I still have some updates that I’ll write up in next post shortly.

Update at 1 AM EST / 5 AM GMT / 0800 Hour Candle:

Order ID: 1 | Order Cancels Order | $GBPJPY Sell 137.10 or Buy 137.90 | Stop Loss: 80 Pips | Take Profit: 70-140-210 Pips

Order ID: 2 | Pending | $EURJPY Sell 124.30 | Stop Loss: 60 Pips | Take Profit: 50-100-150 Pips

Order ID: 3 | Order Cancels Order | $CADJPY Sell 88.80 or Buy 89.35 | Stop Loss: 55 Pips | Take Profit: 40-80-120 Pips

Order ID: 4 | Pending | $CHFJPY Sell 85.30 | Stop Loss: 45 Pips | Take Profit: 30-60-90 Pips

Order ID: 5 | Pending | $EURUSD Sell 1.3715 | Stop Loss: 50 Pips | Take Profit: 40-80-120 Pips

Update at 5 AM EST / 9 AM GMT / 1200 Hour Candle:

Order ID: 1 | Update | $GBPJPY Buy 137.90 | Closed out at -80

Order ID: 2 | Pending | $EURJPY Sell 124.30 | No Fill, Cancel Order

Order ID: 3 | Order Cancels Order | $CADJPY Sell 88.80 or Buy 89.35 | Waiting to get filled

Order ID: 4 | Pending | $CHFJPY Sell 85.30 | No Fill, Cancel Order

Order ID: 5 | Pending | $EURUSD Sell 1.3715 | Waiting to get filled

Order ID: 6 | Order Cancels Order | $GBPJPY Sell 136.75 or Buy 138.00 | Stop Loss: 125 Pips | Take Profit: 70-140-210 Pips

Update at 9 AM EST / 1 PM GMT / 1600 Hour Candle:

Order ID: 3 | Update | $CADJPY Sell 88.80 or Buy 89.35 | Waiting to get filled

Order ID: 5 | Update | $EURUSD Sell 1.3715 | Currently at Break Even

Order ID: 6 | Update| $GBPJPY Sell 136.75 | Currently at +20

Order ID: 7 | Pending | $EURJPY Sell 124.15 | Stop Loss: 75Pips | Take Profit: 50-100-150 Pips

Update at 1 PM EST / 5 PM GMT / 2000 Hour Candle:

Order ID: 3 | Update | $CADJPY Sell 88.80 | First Profit Target Reached at +40 Pips | Move Stop Loss to 89.05

Order ID: 5 | Update | $EURUSD Sell 1.3715 | Missed Second Profit Target +80 by 4 Pips | Move Stop Loss to Break Even

Order ID: 6 | Update | $GBPJPY Sell 136.75 | First Profit Target Reached at +70 Pips | Move Stop Loss to 137.35

Order ID: 7 | Pending | $EURJPY Sell 124.15 | First Profit Target Reached at +50 | Move Stop Loss to 124.50

16th March 2010

Update at 5 PM EST / 9 PM GMT / 0000 Hour Candle:

Order ID: 3 | Update | $CADJPY Sell 88.80 | First Profit Target Reached at +40 Pips Earlier | Move Stop Loss to 88.90

Order ID: 5 | Update | $EURUSD Sell 1.3715 | First Profit Target Reached at +40 Earlier| Move Stop Loss to 1.3690

Order ID: 6 | Update | $GBPJPY Sell 136.75 | First Profit Target Reached at +70 Pips Earlier | Move Stop Loss to 136.40

Order ID: 7 | Update | $EURJPY Sell 124.15 | First Profit Target Reached at +50 Earlier | Move Stop Loss to 123.95

Update at 1 AM EST / 5 AM GMT / 0800 Hour Candle:

Order ID: 3 | Update | $CADJPY Sell 88.80 | First Profit Target Reached at +40 Pips Earlier | Currently at +45

Order ID: 5 | Update | $EURUSD Sell 1.3715 | Closed Out at +25

Order ID: 6 | Update | $GBPJPY Sell 136.75 | First Profit Target Reached at +70 Pips Earlier | Currently at +110

Order ID: 7 | Update | $EURJPY Sell 124.15 | First Profit Target Reached at +50 Earlier | Move Stop Loss to 123.65

Update at 5 AM EST / 9 AM GMT / 1200 Hour Candle:

Order ID: 3 | Update | $CADJPY Sell 88.80 | First Profit Target Reached at +40 Pips Earlier | Currently at Break Even

Order ID: 6 | Update | $GBPJPY Sell 136.75 | Second Profit Target Reached at +140 | Move Stop Loss to 136.20

Order ID: 7 | Update | $EURJPY Sell 124.15 | First Profit Target Reached at +50 Earlier | Rest Closed out at +50 Pips

Order ID: 8 | Pending | $EURUSD Sell 1.3645 | Stop Loss: 65 Pips | Take Profit: 40-80-120 Pips

Update at 9 AM EST / 1 PM GMT / 1600 Hour Candle:

Order ID: 3 | Update | $CADJPY Sell 88.80 | First Profit Target Reached at +40 Pips Earlier | Closed out at -10

Order ID: 6 | Update | $GBPJPY Sell 136.75 | Second Profit Target Reached at +140 | Closed out at +55

Order ID: 8 | Update | $EURUSD Sell 1.3645 | No Fill, Cancel Order

Order ID: 9 | Order Cancels Order | $CADJPY Sell 88.70 or Buy 89.30 | Stop Loss: 60 Pips | Take Profit: 40-80-120 Pips

Update at 1 PM EST / 5 PM GMT / 2000 Hour Candle:

Order ID: 9 | Update | $CADJPY Sell 88.70 | Currently at -40

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114 Responses to “+435 Pips | Fx Signals 15th & 16th Mar”

  1. Dexnini 15 March 2010 at 5:39 am #

    Great work man …

  2. Winnie 15 March 2010 at 5:43 am #

    this is just sexy!! God Bless your talent & for sharing :)

  3. Diet Pipsi 15 March 2010 at 6:03 am #

    ATTENTION MEMBER "STEPHAN" – Last week you made a request of me. I posted that I would be happy to if I had an email. Then several other members posted their emails and asked for the same thing. I have sent it to them, and will gladly send it to you as well if I have an email. Just wanted to let you know in the current blog thread, in case you do not look back in that one and see that.

    • stephan 15 March 2010 at 7:42 am #

      many thanks, diet pipsi,
      it is ok when you let me know the weekly performance in february.

  4. charlesb50 15 March 2010 at 6:14 am #

    Hi Fire Pips .
    I have worked this weeks trades as posted above back to a % gain.
    For ease I used 3×1% for each trade.
    Trade 1 +4.93%-Trade 2 -1.90%-T3 -1.50% T4 -.1.75% T5 +1.76% T6 +.17%
    T8-0.14% T9 +o.25% T10 +2.52% T11 +2.18% T12 -3.0% T 13 -3.0% T14 -.3.0%
    T 15 +2.52%
    That is 14.51% Plus 14.29% minus for a gain of 0.22%
    This is worked out dividing stop loss into pips gained/lost.
    T1 (70/85)+(140/85)+(210/85)=+4.93%
    T2 (35/55)*3=-1.9%
    Would this be correct?
    Diet pipsi could you send me your spread sheet so I can do a % win \\loss
    Thanks Regards Charles
    charlesb@aapt.net.au

    • Diet Pipsi 15 March 2010 at 6:39 am #

      You've got mail!

      • charlesb50 15 March 2010 at 6:52 am #

        I've got mail
        Thanks DP

      • Charles 16 March 2010 at 3:08 am #

        Where can i see your signal updates, am in facebook and twitter. Can i search for there my mail is cyklopsy2k3@yahoo.com please contact me if you can. I will be glad if you can

        • Diet Pipsi 16 March 2010 at 3:14 am #

          The signal updates can be found at the top of this page, usually. More dependably, if you click on the link on the right near the top that says "Twitter" you will go right to the updates. You do not need to log in, or search for anything; it will take you directly to the listing of updates. Every four hours during the trading week, if you just go to that page (or just refresh it if you keep it up all the time), you will see all the updates between about 3 minutes and about 9 minutes after the top of the hour.

  5. Vesa 15 March 2010 at 7:16 am #

    Diet Pipsi , could you send to me also sheet that I can do profit loss, email veheikki@gmail.com
    Thanks Vesa

  6. charlesb50 15 March 2010 at 7:30 am #

    Result week ending Feb 5th.
    Win 18.46%
    Loss 8.99%
    Gain of 9.47%

  7. charlesb50 15 March 2010 at 8:13 am #

    Diet Pips, food for thought.
    A single trade at 3% and a R/R of 1-1 Feb 5th week +18%
    Last week 2% (approx)

  8. Adam 15 March 2010 at 8:26 am #

    Today's going to be much better day for treading. I hope we make some nice pips.

    Stay cool people

  9. Diet Pipsi 15 March 2010 at 9:17 am #

    This week so far (as of 1200 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    ……….Order ID: 3 – CADJPY . . . Waiting to get filled
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    ……….Order ID: 5 – EURUSD . . . Waiting to get filled
    ……….Order ID: 6 – GBPJPY . . . New order

    -240 TOTAL CLOSED ON THE WEEK

    • AstonMartin177 15 March 2010 at 12:23 pm #

      i was to late to put the GBP/JPY in place, it had moved significantly – so i hgues si saved that – but i'm annoyed at not following the trade system exactly.

      • Diet Pipsi 15 March 2010 at 1:26 pm #

        Well, don't be annoyed by that, seriously. It happens all the time. If you take a month, where there are six signals a day every 4 hours 24/5, averages just say you're gonna miss one sooner or later. FirePips missed one himself here about a month ago. Here's how to "stick 100%" to the system when it does:

        If you see it late and price has already triggered the entry and retraced into negative territory, then to follow the system 100%, you go ahead and get in. If it's a loser, you then lost less, if it's a profit you make more.

        If you see it late and it's already triggered and moved into profitable territory, then put in a limit order for the correct price. If the market retraces to the entry point, then you get the same fill anyway. Once price reaches the first target, if you have not been filled, then cancel your limit order, and then you missed one. But much of the time, if the first target hasn't hit, you will see a retrace and your limit order will put you in at the right price.

        Hopefully helpful – -

        • Jimalexp 15 March 2010 at 6:54 pm #

          Diet Pipsi, what do you mean by the "correct price"?

          • Diet Pipsi 16 March 2010 at 1:51 am #

            In that paragraph, by "correct" price I meant the entry price that FipePips called. In going back reading what I said, that is unclear, sorry about that.

            I was talking about the entry price he called as being the correct price to trigger your limit order, as opposed to getting in at market price when the trade has already moved toward the first target.

        • FirePips 15 March 2010 at 10:47 pm #

          Good tip Diet…I'll put this on FAQ page.

    • FirePips 16 March 2010 at 12:06 am #

      Hi DP, Do you think it is good idea that we create different post for your updates? If you notice this comment is at the top even though it is not the most recent update. (Since all comments are sorted by recent activity)

      Perhaps we can add a Table like the one above for open trades and you can simply update it. Let me know :)

      • Diet Pipsi 16 March 2010 at 1:44 am #

        Yea, I think a table above is a better idea, however that makes me think of a couple other related things also. I wouldn't feel that we want to divert discussion of today's trades to another thread, it seems more concise to talk about today's trades all in today's one post. If we use a chart above, we can keep all related discussion in one thread, and yet keep the chart in chronological order. That's a good idea. This evening I'll put down a few ideas and email you.

  10. ForexAutomatic 15 March 2010 at 10:28 am #

    I pared more than half my profits which I git earlier last week. But it was still a profitable week all in all.

  11. AstonMartin177 15 March 2010 at 10:50 am #

    Did we get an alysis of February's result like you did for January ?
    I'm thinking of trading 2 lots at 1 TP and 1 lot at 2 TP, but i'd like to see the compiled results to see how it compares, from jan the average win is 1.50 tp – using 2/3 and 1/3 it's 1.77 – so if that is reasonably similar for Feb, i'll trade this way to see how it goes…..
    (this is based on another pro trader who just changed his 3 trade to 2 on that basis)

    • FirePips 15 March 2010 at 12:54 pm #

      Good point. Let me work on this one. I also need to sort the stats for 1 lot method.

  12. Dave 15 March 2010 at 10:59 am #

    Hi Firepips and Diet Pepsi -the tally man. Please forgive me if I'm wrong but the total of 435 for the week does not take into account the spread.
    The combined spreads for the orders posted last week was is 261 pips. This figure of course depends on your broker but this is the average and the spread needs to be subtracted from the total of 435, leaving a total for the week of 174 pips.
    174 pips is still profit so no complaints.
    Please let me know your thoughts.

    • FirePips 15 March 2010 at 11:14 am #

      Hi Dave,

      I've explained this before on the blog. Let me see if I can find that comment. In the meantime can you explain how you came up with 261 Pips?

      • Dave 15 March 2010 at 11:28 am #

        Please accept my apologies, I haven't seen anything relating to this subject but here is the breakdown of the spreads for last week.

        Order PairSpreadX3 lots
        1GBP/JPY824
        2CAD/JPY618
        3EUR/JPY39
        4CHF/JPY1236
        5EUR/JPY39
        6CAD/JPY618
        7EUR/USD26
        8GBP/JPY824
        9CAD/JPY618
        10EUR/USD26
        11EUR/JPY39
        12GBP/JPY824
        13CAD/JPY618
        14CAD/JPY618
        15GBP/JPY824
        Total -261

        • Dave 15 March 2010 at 11:36 am #

          That didn't come out to well so to help understand here is an explanation.

          Order 1 was GBP/JPY, the spread on the pair is 8 pips, so 3 lots x 8 pips is 24 pips spread for order 1 =24 pips.

          Order 2 was CAD/JPY, the spread on the pair is 6 pips, so 3 lots x 6 pips is 18 pips. Spread for order 2= 18 pips.

          Order 3 was EUR/USD, the spread on the pair is 2 pips, so 3 lots x 2 pips is 6 pips. Spread for order 3= 9 pips.

          Order 4 was for CHF/JPY, the spread on the pair is 12 pips, so 3 lots x 36 pips is 38 pips. Spread for order 4= 36 pips.

          Etc.
          Total pips for spread for all orders -261.

          • FirePips 15 March 2010 at 12:48 pm #

            Lets take an example:

            EURUSD Buy 1.3550 Stop Loss 1.3500 Profit Target 1.3600 Spread 2 Pips

            When Ask price reach 1.3550 we get filled (Bid 1.3548).

            If Bid price reach 1.3500 (Ask 1.3502) we get stopped out. 1.3550-1.3500=-50

            When Bid Price reach 1.3600 (Ask 1.3602) we take profit. 1.3600-1.3550=+50

            Remember we Buy at ASK and Sell at BID.

            So tell me why we need to consider the spread in this case? :)

          • Dave 15 March 2010 at 1:35 pm #

            Thank you for the reply Firepips and for your example. I’m really sorry if I’m being a bit thick but the reason I questioned this in the first place is because I didn’t think that the spreads were being taken into account when the trigger prices were being emailed.

            To demonstrate the point I’ll use order number 4 CHF/JPY of last week as the example. Your buy price was 84.75 and your sell price was 84.15. As you used the 8am candle for the signal which had a high 84.69 and low 84.21, I can see that the spread of 12 pips has not been properly factored in, as the trigger prices should have been buy 84.85 and sell 84.05.

            Anyway, thank you again for taking the time to reply & I’ll stop hassling you now and let you get on with the excellent job you are doing.

            Kind regards

          • FirePips 15 March 2010 at 10:14 pm #

            Try thinking it in Bid and Ask price and it will make sense :)

    • Diet Pipsi 15 March 2010 at 1:34 pm #

      Hey Dave – FP beat me to the punch on this one, but the spread is already considered. If you BUY at 135.50, you get filled at the ASK price. The brokers I have used do it when the ask touches your number, not when the bid touches it. This can be confusing loooking back at a chart where it's within a couple pips, if the chart only shows that price got up to 135.49 but you got filled anyway. That's because you get filled for a buy when the ask hits the price. If we stop out at 134.90, that fills at the BID price, and happens when the bid touches your price. Same if we hit profit targets, they will close at the bid price.

      Vice-versa on a sell trade. It will fill at the bid price, and close when the ASK hits the target or the stop.

      And if you see on your platform that you got filled at this price for an entry, and closed at that price for an exit, that is truly the exact pips you profited or lost, and the spread has already "been accounted for" in the fact that it always sells you at the bid and buys you at the ask.

      This is also why as soon as you open an order, you see you are at negative, by exactly the amount of the spread. Price has to move the amount of the spread before you see break even.

      Hopefully helpful – -

    • sierra1819 15 March 2010 at 2:30 pm #

      Regarding spread- my bid/ask on EURUSD is 1.36971/1.36992. This seems very high. Any broker recommendations?

      • liaueg 15 March 2010 at 8:56 pm #

        Hi, you broker spread on EURUSD seems to be only 2 pips (Not that high in my opinion).
        Remember that you are using a 5 digit broker and the last digit is actually a fractional pips
        A diiference if 21 in 5 digit broker is ard 2 pips in difference.

        • sierra1819 15 March 2010 at 9:31 pm #

          Thank you very much-still learning! My demo was with another broker and was 4 digits to right of decimal- didn't realize this was 5 at a glance. Appreciate your kind help.

    • liaueg 15 March 2010 at 9:03 pm #

      Hi Dave,
      Think FP and Diet Pipsi had already explain in details.
      I just hope to simplify the matter further
      Let say you have a currency with spread of 10 and take Profit of 40 pips. When your order get filled and close when it hit the take profit, you will get exactly 40 pips. What is difference is that the actual price will have to move 50 pips (10 pips spread + your 40 pips original take profit) for your order to hit the take profit. In the end, you will still get 40 pips profit.

  13. Alvin 15 March 2010 at 10:50 pm #

    Hmm…very nice you bro share&talked about FIRE PIPS performance….I think that's good idea if we use chart to talk about performance…. This is just my advice…

  14. Diet Pipsi 15 March 2010 at 1:18 pm #

    This week so far (as of 1600 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    ……….Order ID: 3 – CADJPY . . . Waiting to get filled
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    ……….Order ID: 5 – EURUSD . . . Currently at Break Even
    ……….Order ID: 6 – GBPJPY . . . Currently at +20
    ……….Order ID: 7 – EURJPY . . . New order

    -240 TOTAL CLOSED ON THE WEEK

  15. shorty 15 March 2010 at 3:08 pm #

    Hi firepips,

    question regarding EURUSD….Order was filled at 1.3715.
    1st TP target was 1.3675…which was also filled now…that means
    that the sl was halfed 1.3765 to 1.3740….why is currently at break even ?

    best rgds,
    shorty

    • Dexnini 15 March 2010 at 3:56 pm #

      dude .. break even was for about 3 hours ago …

    • FirePips 15 March 2010 at 5:19 pm #

      That was where the price was at the time.

  16. musam 15 March 2010 at 3:29 pm #

    200pips for today. very2 thank you guys

  17. @TechSpirit 15 March 2010 at 5:00 pm #

    Hi,

    Just a post to say that the OCO GPB/JPY buy triggered on my platform. This means that I'm left with a trade that has created more loss than the profit of all the other trades combined. I had this happen last week with the CAD/JPY too. How do I avoid this happening in future?

    • FirePips 15 March 2010 at 5:17 pm #

      We all had that GBPJPY stopped out. False breakout happens often and not much we can do. Losing trades are just part of the game.

      • Jimalexp 15 March 2010 at 5:26 pm #

        Okedoke. When you say stop loss is 50 pips, how do you calculate this from say EUR/USD? I always get confused with the number of digits after the decimal point.

        • Diet Pipsi 15 March 2010 at 8:18 pm #

          "All" JPY currencies are in 2 digits after the decimal, "all" others are 4 digits after the decimal. (There are some "obscure" currencies that don't fit in that, but nothing we use.)

          For EURUSD, the 4th digit after the decimal is the number for the pips. from 1.3670 to 1.3680 is .0010, and that is 10 pips for this currency.

          If your broker uses 5th decimal pricing, then the JPY curencies will have 3 digits after the decimal, and the others will have 5 digits. In that case, the 5th digit is tenths of a pip.

          So for EURUSD from 1.36703 to 1.36807 is .00104, and that is 10.4 pips.

          For Order #5, if the entry price was 1.3715 for a sell, then 1.3715 + .0050 = 1.3765 was the price you would have entered for the stop loss.

          Hopefully helpful – -

  18. Carlos 15 March 2010 at 5:10 pm #

    Are you sending the signals through google talk?. Thanks

    • FirePips 15 March 2010 at 5:16 pm #

      Yes I am….did you not receive them?

      • Carlos 15 March 2010 at 6:56 pm #

        Thanks for your answe. I suscribed yesterday. For some reason I do not receive. The only thing I received was this title at 5AM EST "The correct update is Update at 5 AM EST / 9 AM -gmnt / 1200 Hour Candle" with no additional text and since then nothing eles. My user is carlos.yabo.grupos

        • FirePips 15 March 2010 at 10:46 pm #

          Let me know if you still have issues.

          Sometimes my messenger crash…it can't handle that many people. I then have to start all over again.

  19. Jimalexp 15 March 2010 at 5:16 pm #

    EURUSD Sell1.3715 1.37151.3735

    Isn't there an error with the Next Profit Target here ( >1.3715) ?

  20. Diet Pipsi 15 March 2010 at 5:27 pm #

    This week so far (as of 2000 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    +40….Order ID: 3 – CADJPY . . . First Target Reached at +40
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    +40….Order ID: 5 – EURUSD . . . First Target Reached at +40
    +70….Order ID: 6 – GBPJPY . . . First Target Reached at +70
    +50….Order ID: 7 – EURJPY . . . First Target Reached at +50

    -40 TOTAL CLOSED ON THE WEEK

    • Globalfxsignal 15 March 2010 at 6:34 pm #

      -40 pips how come. Fire Pips saying +435. Who is right?

      • Diet Pipsi 15 March 2010 at 8:08 pm #

        Both of us.

        +435 is the total for last week, -40 is the running total for this week so far.

  21. Diet Pipsi 15 March 2010 at 9:28 pm #

    This week so far (as of 0000 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    +40….Order ID: 3 – CADJPY . . . First Target Reached at +40
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    +40….Order ID: 5 – EURUSD . . . First Target Reached at +40
    +70….Order ID: 6 – GBPJPY . . . First Target Reached at +70
    +50….Order ID: 7 – EURJPY . . . First Target Reached at +50

    -40 TOTAL CLOSED ON THE WEEK

    • thesmsguide.com 15 March 2010 at 10:18 pm #

      Excellent work all, I got pips for EURUSD , GBPJPY , EURJPY. Never had such a good week before. Thanks for all the tips here.

  22. Jose 16 March 2010 at 8:35 am #

    No Update at 5 PM EST?

    • FirePips 15 March 2010 at 9:45 pm #

      Signal are already out…I've not posted them on the blog. Thinking should I create a new post or merge them here?

      Please check FB or TW for now.

  23. thesmsguide.com 15 March 2010 at 10:15 pm #

    hi, yes your tips are very useful, thanks for the good work. I love following your tips daily.

  24. Adam 15 March 2010 at 10:47 pm #

    Thanks for your work today.

  25. thesmsguide 16 March 2010 at 12:31 am #

    excellent work here. I got a lot of pips last night. About 150

  26. FirePips 16 March 2010 at 12:52 am #

    I've a favor to ask. Would anyone is willing to create videos explaining different aspects of our signals. For Ex:

    1. How to Enter OCO orders on MT4, MB Trading, Dukascopy and other popular plarforms.

    2. How to interpret signals?

    3. How to receive signals ?

    4. How to manage open trades?

    These are just some of the ideas, feel free to come up with more innovative ones.

    Also I would like if we can create videos in different languages, not only English.

    If you willing to help then please reply back.

    • PadawanDePips 16 March 2010 at 4:32 am #

      I can do the video/multimedia, but I have not yet begun to trade FOREX. I could take the visual elements and compose them to express the interpretation of signals, receiving signals and so forth, but I would need your help to tell me when I've not correctly expressed the concept.

      • FirePips 16 March 2010 at 6:14 am #

        Sure no problem mate…do you want to give it a try and see how it goes.

        • PadawanDePips 16 March 2010 at 3:29 pm #

          Absolutely! I can start with numbers 2, 3 and 4 immediately. I'll need time to understand the platforms mentioned in number 1 and gather screen captures of each of them.

          1. How to Enter OCO orders on MT4, MB Trading, Dukascopy and other popular plarforms
          2. How to interpret signals
          3. How to receive signals
          4. How to manage open trades

          • FirePips 17 March 2010 at 1:56 am #

            Awesome stuff…Thanks mate

    • amdegia 16 March 2010 at 5:41 am #

      Mate, Have you posted the performance data of your signal on this site yet? By this I mean, history of your signals and its profit'/oss data in pips… Can you please share.
      Love you signals…

      • FirePips 16 March 2010 at 6:17 am #

        I've compiled only part of it yet. I'll post it as soon as I am done.

    • AstonMartin177 16 March 2010 at 1:01 am #

      I would be willing to show how I do it on Oanda's (Java) platform, and how to use it even though it is a NON hedging platform, and how my trade journal interfaces into that to give me records of each trade (may be partially useful for other platforms too) – let me know – can also so a word document to download for people too…

      • Duke 16 March 2010 at 1:18 am #

        That would be nice, I'm also an Oanda user (signals are almost identical to FXDD), though i'm only using basics. In OCO, is there a short way to close the other order? or you would close it manually?

      • PadawanDePips 16 March 2010 at 4:40 am #

        You could actually do a "video podcast" or screen recording of an Oanda session and post that. You would need to blur out sensitive portions of the interface that may identify information you don't want to share, like balances or account numbers etc. If you are on a PC, check out Camtasia or something like it to record a session.

      • FirePips 16 March 2010 at 5:16 pm #

        Oanada is very popular platform. It would be nice to have video for it as well..Thanks :)

    • tNtPeter 16 March 2010 at 1:29 am #

      Hello down under…

      I got involved in forex since last September my knowledge is limited as I started from zero so I guess I am not much of a help … still I gather information about strategies and such…
      The translation thing yes, if I have the text or the soundtrack of the video, may be I could help from English to Greeks… if that is interesting to you perhaps we could give a try.
      That will be benefiting to me also.
      Anyhow I felt I had to answer to you since you emailed me!

      tNtPeter,
      Greece

      • FirePips 16 March 2010 at 6:15 am #

        Thanks mate..I'll let you know once we have videos ready for translation.

    • mushir 16 March 2010 at 7:31 am #

      firepips,

      that is an EXCELLENT idea

    • zak 18 March 2010 at 1:21 pm #

      i have matchware recording software
      i would be happy to help if i can. i only speak english, american, canadian, australian and new zealand though!!!
      please explain to me what i need to do exactly and in which format
      regards
      zak
      aka. the fx pimp

      • FirePips 22 March 2010 at 1:41 am #

        Thanks Zak, Refer to the list above, see if you can create a video for any of the topic above.

    • jimbnc 18 April 2010 at 5:39 pm #

      Hey firepips…I can assist you on your video endeavor. Please contact me at brilesmedia@gmail.com…I would be willing to help you achieve this for you…

      Jimmy

  27. Diet Pipsi 16 March 2010 at 12:31 pm #

    This week so far (as of 0400 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    +40….Order ID: 3 – CADJPY . . . First Target Reached at +40
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    +40….Order ID: 5 – EURUSD . . . First Target Reached at +40
    +70….Order ID: 6 – GBPJPY . . . First Target Reached at +70
    +50….Order ID: 7 – EURJPY . . . First Target Reached at +50

    -40 TOTAL CLOSED ON THE WEEK

  28. Diet Pipsi 16 March 2010 at 5:19 am #

    This week so far (as of 0800 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    +40….Order ID: 3 – CADJPY . . . First Target Reached at +40
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    +90….Order ID: 5 – EURUSD . . . 1 unit at +40, 2 units at +25 (for +50), = +90
    +70….Order ID: 6 – GBPJPY . . . First Target Reached at +70
    +50….Order ID: 7 – EURJPY . . . First Target Reached at +50

    +10 TOTAL CLOSED ON THE WEEK

    • Dexnini 16 March 2010 at 5:48 am #

      yea .. GREAN Started

  29. Diet Pipsi 16 March 2010 at 9:18 am #

    This week so far (as of 1200 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    +40….Order ID: 3 – CADJPY . . . First Target Reached at +40
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    +90….Order ID: 5 – EURUSD . . . 1 unit at +40, 2 units at +25 (for +50), = +90
    +210..Order ID: 6 – GBPJPY . . . First Target Reached at +70, Second at +140
    +150..Order ID: 7 – EURJPY . . . 1 unit at +50, 2 units at +50 (for +100), = +150
    ………Order ID: 8 – EURUSD . . . New Order

    +250 TOTAL CLOSED ON THE WEEK

    • FirePips 16 March 2010 at 9:38 am #

      Thanks mate…appreciate it.

  30. @declanor 16 March 2010 at 10:13 am #

    Keep up the good work!

    I am with IGINDEX at the moment, anyone any experience good or bad with them? May change to dukascopy as soon as i have the 5k to open an account. Is their web based platform good. I just a PC in work so cant go the MT4 route. Many thanks for your advice in advance!

    • @declanor 16 March 2010 at 11:59 am #

      I see Dukascopy have reduced min deposit to USD 1,000!

  31. Ed 16 March 2010 at 11:08 pm #

    Just looked in.. saw no emails yesterday..but see youve blocked responses from the Twitter page – good move. Now its readable .. Ill go there in future. LoL

    So.. I see lots going on? Particularly Useful rolling summary from Diet. Thank you. And Good pips count last week FP.
    However I think its important to ensure that readers understand the implications that the pips totals quoted (+435), are Per Unit Traded… To put that in perspective the sum of pips risked in last weeks trading on a “per unit traded” basis..(sum of all SLs *3)…I make at 3570?

    As a professional trader, Ive some experience of how accounting for Systems with multiple TPs can be confusing? I think FP and now Diet do a great job of trying to present the results in a commendably transparent way. But enevitably some people will get confused. And Im not going to EVEN THINK about the confusion spread can introduce..LoL.

    Two points that IMHO are worh (re)stating ..and for which Last weeks results are a great illustration….

    1. If I had risked $10 a pip on each of the 15 calls last week..I would NOT have made $4350.To achieve that I would have needed to risk $30 per pip per call – $10 PER UNIT traded..(x3 units in each call).

    2. Trading is about making money hoever not about collecting pips. As you quickly realise when your income depends on it. And the PIP are NOT $$. Ive often ended a week down on pips and ++on equity. The equation can be very misleading for the inexperienced. It all revolves about applying Money Management. The simplest Money Management systems rely on a flat risk-per-trade policy. (a) Decide % of equity you are prepared to loose on eaach trade..say 2% ..(b) calculate 2% of your equity…and (c)divide that sum by the number of pips at risk in your SL. The result is the pip-value to be risked in calculating lot-size for the trade. (It becomes more involved when you trade multiple ┬Ęsame-direction trades.. but I wont mention that here..)

    ie So if the result was $12.. then 1.2 standard lots would be risked… ON THE CALL..thats 0.4 lots per unit.
    Im sure most will already know all this..so why do I raise it? Well for someone applying this sort of lot-sizing management ..on a quick thumbnail estimate.. the 435 pips described last week above would actually have yielded a financial result close to breakeven. (pls correct me if Ive missed something here.. rushing..

    Now I repeat..for the record..I think FPs got an interesting system here, and is very generous in sharing it. Equally he (and now Diet) are doing a great job of trying to present the results in a commendably transparent way. BUT ..Just for the newbies.. BE CAREFUL.. this system presents significant challenges in MM and needs careful and complex Money Management, and Pips are NOT $$$. Im sure FP you would agree.?

    Finally FP..I have someinteresting and radical ideas on how to make the presentation and communications more realistic and effective. Discussing here will only confuse. So Mail me if interested. Meanwhile Best of Luck.. congrats & thanks..

    Ed

    • Indy 16 March 2010 at 1:30 pm #

      Yes, all pips are not created equal here. It's important to look at performance in terms of % gain and % lost instead of pips, but I'm sure anyone serious about trading or testing out this system will have already done their own thorough analysis of the risks involved. Good post.

    • Diet Pipsi 16 March 2010 at 11:21 pm #

      Some very good observations, Ed.

      Thank you for your praise of me, I appreciate it. I am right now working with FP on a section on money management for FP to post. Related to that, when I wrote the EA, I set it up so that the user may input lots, but one of the things on the shortlist of augmentations I wanted to program in, was the ability for it to autocalculate lot size based on percent risk desired. Not percent of equity, which is something, but not good enough IMO. Rather, it will take X% of the account balance, divide by the pips of stop loss for that trade (and then even divide by the exact value per pip of that pair at that moment), compute the commission, if any, and then place the exact number of lots for exactly 3% risk.

      It is a good argument that if one takes a trade with GBPJPY and risks 130 pips, one SHOULD be placing half as much lot size as a trade on EURUSD with a stoploss of only 65 pips. And by doing that, if we lost on all the EURUSD trades, but profited on the GBPJPY trades, the pip count could come out potentially hundreds of pips ahead, while the money balance still was a loss. So as you pointed out, pip count alone NEVER tells the whole story.

      However, a more simplified money management is appropriate with a method like this. If one is risking an average of 2% per trade, and compute the lot size for this appropriately based on an average 75 pip stoploss, then trades that only call for 40 pip stop will risk less than 2%, and trades that call for a 125 pip stoploss for example will risk some more than 2%. But on average in that case, roughly 2% is still the risk per trade, because 75 pip stop is a very good average of all trades FP calls.

      There is further a difference in dollar value per pip between the pairs traded. But with the pairs FP uses, a minilot is $1 per pip on the USD pairs, and at today's prices, $1.11 per pip on the JPY pairs. So whatever lot size computes to 2% on 75 pips for the JPY pairs, simply multipy that lot size by 1.11 for the USD pairs. Then we have virtually equivalent value per pip across all trades.

      That is a simple calculation that can be done once a month, and used all month in general.

      And if someone is trading $10000 at $1 per unit, that is just over 2% on a 75-pip stoploss.

      FOLLOWING THOSE MONEY MANAGEMENT RULES, AT THAT ACCOUNT SIZE, THEN THE EXACT PIP COUNT FOR THE MONTH WILL BE THE EXACT MONEY PROFITED OR LOST DURING THE MONTH. Higher or lower account balances are a simple multiple.

      You may not agree that this is a reasonable risk, and that opinion is up to each individual. AND, more importantly, I WOULD QUICKLY AGREE agree if you pointed out that the average trader does NOT understand all this!!

      But it is SOMETHING. And further, it also does make the pip count directly proportional to the profit or loss in money. And a lot more people can use it if they know about it! That's why I am writing up a section about it.

      Continued next post – -

    • Diet Pipsi 16 March 2010 at 11:22 pm #

      Continued from last post:

      As to risking 3 lots at the start of each trade to have gained $4350 on a week, that is correct. FP says in the rules and everywhere else, you enter each trade with 3 units, and close out each one at each target.

      You did NOT say the following, but seem to be allluding that the risk/return ratio is skewed. If this is not what you were suggesting, I apologize if I misunderstood you. But if others get that same idea, I would like to offer the comment that you cannot judge the amount you risked against the profit you actually gained, or you'll never get in a trade. The amout you are risking is a POTENTIAL loss. The profit target is a POTENTIAL gain.

      Ed, I am 100% certain you understand this already, but for the benefit of others who would not, here is an example. An average trade FP called recently was GBPJPY with 85-pip stop, and targets of 70-140-210. If you put 3 minilots on it, you were risking $255, and the target gain was $420. That is a 1.65:1 Risk/Reward Ratio.

      As to Profit/Loss ratio, that is not a simple calculation for FP's method, as not all losers hit the full stoploss, and not all the winners go the full three targets. It "seems" that we do get more full stopouts than we do full targets. But I have noticed that hitting two or three full targets overcomes a lot of losses! Writing this I am inspired to go back and see if I can come up with a meaningful calculation of Profit/Loss ratio, and track it also.

      I would DISAGREE when you say that most already know this. Unfortunately, I think the majority do not. Your post is even more relevant due to this.

      As to interesting and radical ideas, I can't speak for FP. I am always interested in intersting and radical! Anything that can make the communication and presentation more realistic and effective is a good thing, and IMO ideas to accomplish that always deserve discussion. I do not know your email address, I am not an admin or anything like that. Only a contributor. But if you write FP and ask him to send it to me, I believe he will. Or if he wishes to discuss that with you just the two of you, it's not my place to butt-in on that!

      Some VERY informative and relevant observations. Hopefully what I am trying to do will help some people in making sure that $$ profit is the end result. That is what my intention is . . .

    • FirePips 17 March 2010 at 12:21 am #

      Hi Ed,

      You point about Pips are not dollar is correct. Though this could be simply converted into $$ by multiplying whatever lots you trade.

      From you example above, to make $4350, one needs to trade 1 standard lot ( assuming 1 pip = $10, though it varies ) not per trade but per position. You are right about that.
      By representing profit in pips helps traders to calculate their potential profit based on their risk per trade. I think it is more flexible that way.

      The most ideal way would be represent profits in % return, though again that would depend on the amount of risk.

      by the way I would love to hear your ideas on "presentation", there are few "Ed"s in my address book, not sure which one is you. Can you try emailing me please ?

  32. richard 16 March 2010 at 12:19 pm #

    personally i think it would be better if you had a page where you update it with how many pips you made constantly all the time instead of weekly or in a good month because say for instance last month you end up with a 1000 pip loss but then a week later you say we made 400 pips your still then down buy 600 pips so i think it can be a little misleading in a way to the people who read this and think great 400 pips thats fantastic but they dont no about the 1000 pip loss if you keep an upto date page on this blog of every pip won and loss from the start all the way to the end of the year and then start again the folowing year i think that would be much better :)

    just a thought

    • Ed 17 March 2010 at 5:59 am #

      Some free time so looked in again..

      Richard.. Ive not been following this as carefully as you appear to have? If there was a 1000 pip loss in February .. it was certainly not apparent from a cursery browsing of the posts here? Though one month is no indication of the potential of any system..Im quite shocked. I had no perception of that sort of monthly loss from casual reading of the blog and website? Loss is not a problem.. but lack of independently audited TRACK RECORD is.
      Its nothing new in Forex that reality and presentation are very different animals. So too as I wrote earlier today is the difference between pips and $$$. I know FP that you are under pressure given the ambitious and generous project you have undertaken here but in view of Richards observations it seems a proper independent performance audit page needs to be your new No1 priority.??
      I suggest that posting exciting headlines when results are positive and ignoring drawdowns and losses when they occur, and failing to publish a proper trade Audit .. in $$$ at least on a Demo if not real micro account has to be a serious priority maintain credibility.? As Ive discussed earlier today.. this is a complex system.. with serious drawdown potential that needs very careful money management.
      Richards post here demonstrates that perhaps a return of focus to providing a simple independent audit based result reporting is whats needed now.

      Ed
      PS Just wondering…was the trade management EA ever finished?

      • Diet Pipsi 17 March 2010 at 8:37 am #

        Responding both to Richard and to Ed:

        I agree that a stats page systematically and completely updated is a good thing. I have such a record, and FP and I are discussing right now the best way to keep it updated, and keep it where everyone can find it and see it. He may choose to go some other way than what he and I are discussing, but something is in the works. It may not qualify as an independent audit, but other than being a member and contributor here, but it is an accurate record.

        Neither of you have made any accusation, and I do not mean to come across that way, only to alleviate any confusion. There was not 1000 pip loss for February. There was a week of over 1000 pip loss in the month of February. Somewhere in one of the blogs for last week I posted a more detailed accounting, but the weeks were as follows:

        Week 1: +431
        Week 2: -1774
        Week 3: +330
        Week 4: +1335
        TOTAL +322

        Again, not meaning ANY tone other than to alleviate any confusion. I am not FP so it isn't my responsibility, and for my own opinion, both of your posts were very valuable observations.

        Oh, and Ed, if mine is the EA you were speaking of, I honestly think it will never be "finished", it will always be a work in progress. I must confess that I have not been as diligent about enhancing it as I would like, because it is working perfectly for me. But another member on this forum has made some augmentations I am testing now. (His user name is burn0050 and I want to give credit where credit is due!)

        Hopefully helpful – -

        • Ed 17 March 2010 at 10:11 am #

          Thank you Diet for a very reasoned response. Im a fan of FP…I wish I had his energy.LoL..and I know just how much effort must go into the generosity he has shown in publishing his system so widely.
          I also appreciate the huge contribution you have made to date.. so Im a friend in this and not in conflict here.

          My apologies.. if I misconstrued the business of loss in February from Richards mail..my mistake.. but as I said loss is NOT THE PROBLEM…The issue is that the case is at all subject to misunderstanding because I didnt have a simple reference like an account statement to which to refer. IMHO comment here should be about the variables. the intangibles, the nuences…not those things that are already FACTS.. but because we havent got a clear and unchallangable record.. are unclear? No business is sustainable without a clear independent performance record. So why waste any more time..why not do it?

          Its easy to create. A simple MT4 demo ..FP..just enter in the trades as you call the mirroring your live account(s)…and publish a snapshot of the terminal trades page on the website.. with refresh every 5 minutes..to save bandwidth. Together with a link from that account automatically to an MT4Stats page.. and all problems are solved.
          No need for alerts. No need for facebook twitter or any of it. I want to see whats happening? I just look at the webpage and look at the MT4Stats page.
          No need to publish or be confused about performance figures..
          No need to be unsure about whats on order and whats in play..
          No need to talk about pips.. all performance in scalable $$$s
          No need for you to waste your time (Diet)on a spreadsheet..
          No need to explain anything..frankly.. Even performance analysis will be automaticlly provided on MT4Stats page.. because if a guy cant read ALL they need to know in REAL TIME from those two simple independently audited sources ..they shouldnt be trading…period.

          Only my opinion..OK?
          Ed

          • richard 16 March 2010 at 11:27 pm #

            by the way I would just like to say when I posted a 1000 pips loss it was just an example not an actual situation that we may of faced if we was trading the signals from firepips and that is why I did not mention any where "February" because I was just making up an example of how some one can make a mistake in analysing the performance of FP signals that’s all just want to clear my name lol by the way I think firepips is doing a great job keep up the good work :)

          • FirePips 16 March 2010 at 11:34 pm #

            Ed, mate your contribution to the blog has been great. Your comments are constructive and helpful.

            Let me answer second part of your comment first:

            There is no question about a clear performance record. Perhaps MT4stats is a good idea but lets not disregard that way we do things just yet.

            Facebook and Twitter updates helps connect with more trades. Higher chance that you would have found this blog the same way. The more people I meet, the better chances of meeting Investors which helps me reach my long term goal. Plus making new friends is always a good thing :)

            All the talk about pips and performance creates content and encourages participation on the blog. All comments get posted on Twitter which creates more buzz and increases interaction.

            To the first part now …"So why waste any more time..why not do it?"

            Diet Pipsi and Aurimas Dziugelis has been generously helping out with stats. However their stats do not match at times and I've not found enough free time to go double check them.

            If some reading this would like to give me a hand with it then please do.

          • Diet Pipsi 16 March 2010 at 11:36 pm #

            Well FP does not use MT4, but I do. I however do miss an occasional trade, just as everyone else does.

            And I must say that whenever I look at an MT4 stats page, I always still have a boatload of work to do from that raw data to get to a table of anything that is meaningful to me.

            Further, what I suspect most people do is open one, look at the balance on top, the date if we're lucky, and then scroll down to the bottom and see the final balance, and draw all their conclusions in a moment from just that glance. Sometimes it looks good, and sometimes it doesn't.

            I do agree that people should know how to read those things before they place live money. But in fact some very crappy systems can look really good if you take only a snapshot of a specific time, and THAT is something that CAN be controlled on these live mt4 sites.

            I do also agree though that seeing one of these independent third party sites does alleviate the concern of any "manipulating" the data, what you see is what it was. There is value to that!

            But to think that it could eliminate the hourly calls just by having that I think is not correct. The average trader would have too much trouble reading to see what was done on the platform and trying to duplicate it.

            There is a service I am looking into in discussion with FP that would offer all of these things in conjunction with what's already going on. However, any details of it will be up to him to post.

            Please do not think that I for one am offended by you. Quite the contrary, you have brought an educated and seemingly experienced set of opinions to the discussion! I value opinions like that, even when I disagree. That's what makes conversation.

        • Ed* 16 March 2010 at 11:39 pm #

          Diet an addendum LoL..

          PS Diet…on the matter of the EA.. IMHO that EA was a tremendiously important contribution to the potential of the whole FirePips story here. In fact without it the reality is that most people havent the dedication or the time to manage the trades with the same dedication and diligence that a full time trader like you and FP have. and so will ultimately abandon the system.I would therefore plead with you to reconsider the importance of finishing this (to my mind) key part of the jigsaw that makes this system a "tradable" concern..Lol

  33. Diet Pipsi 16 March 2010 at 1:16 pm #

    This week so far (as of 1600 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    +20….Order ID: 3 – CADJPY . . . 1 unit at +40, 2 units at -10 (for -20), = +20
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    +90….Order ID: 5 – EURUSD . . . 1 unit at +40, 2 units at +25 (for +50), = +90
    +265..Order ID: 6 – GBPJPY . . . 1 unit at +70, 1 unit at +140, 1 unitt at +55, = +265
    +150..Order ID: 7 – EURJPY . . . 1 unit at +50, 2 units at +50 (for +100), = +150
    ………Order ID: 8 – EURUSD . . . New Order

    +285 TOTAL CLOSED ON THE WEEK

  34. FirePips Fan 16 March 2010 at 4:45 pm #

    Hi Firepips,

    First of all, your blog is outstanding. Many thanks for making it free. All the very best on the forex hedge funds. Is the forex hedge funds you mean is the managed forex account?

    Few things I struggle to understand, I use FXCM platform and I set my time to EST. On the 16th March if it says "Update at 5 PM EST / 0000 Hour Candle, Which candle I want to pull down? For example, if you say "Update at 1 AM EST / 0800 candle, I pull out the H8 candle. Please help me to understand on the "Update at * AM EST / **** Hour Candle" part. It would be very helpful.

    FirePips #1 Fan.

    • FirePips 17 March 2010 at 12:11 am #

      You need to look at 4 hour candles and not 8

  35. carlos rav 16 March 2010 at 6:53 pm #

    Hi firepips,
    I think that the best way to follow your trades it´s open a demo account and share your invest password and/or public direct on site like http://www.mt4live.com/ (or other places like this)

    So the perfomance will be clearly.

    • brian2mn 16 March 2010 at 8:23 pm #

      I like what carlos suggested. another thought too…..and one that you could benefit from FirePips, is to become a provider with Zulutrade.

      http://www.zulutrade.com?ref=106776

      I'm not spamming–I like the idea of Zulutrade, but I have trouble finding good providers who take well-managed risks. Their ranking systems and stats have been problematic, etc.

      Would love to see a strategy like yours be put out to mirror.

      • FirePips 16 March 2010 at 10:27 pm #

        Hi Brain,

        Thanks for suggestion. We have discussed this in the past and I am not yet ready to start such service.

        Also do not put any affiliate links, this time I've modified your link.

  36. carlos rav 16 March 2010 at 7:10 pm #

    Hi firepips, if you open a demo account and provide your investor password to open with mt4 or public your accout demo on http://www.mt4live.com/ will be clearly of any doubt. What do you think?

    • liaueg 16 March 2010 at 9:08 pm #

      Hi,

      My EA grabbing data from Twitter Page is almost ready (still need to work out a few minor bugs). Once it's done, maybe some kind soul (Those with VPS) can take it and set up the account in mt4live.com (and let the EA autotrade in the demo account. This way, the performance will be there for everyone to see. (Of course, the syntax for FirePips will have to be same and any error will cause the EA to miss a trade/signal).
      This way, no extra work on FirePips and can sort of solve the performance issue for people here.
      Just my 2 cents worth of comment.

      • FirePips 17 March 2010 at 1:52 am #

        thanks for the update mate…looking forward to it :)

  37. Diet Pipsi 16 March 2010 at 9:46 pm #

    Presuming FP will start a new thread for the new day, but until then, and since last hour was missed, I am just posting the stats update here for now.

    This week so far (as of 0000 candle):

    -240…Order ID: 1 – GBPJPY . . . 3 units at -80 = -240
    0……..Order ID: 2 – EURJPY . . . No fill, order canceled
    +20….Order ID: 3 – CADJPY . . . 1 unit at +40, 2 units at -10 (for -20), = +20
    0……..Order ID: 4 – CHFJPY . . . No fill, order canceled
    +90….Order ID: 5 – EURUSD . . . 1 unit at +40, 2 units at +25 (for +50), = +90
    +265..Order ID: 6 – GBPJPY . . . 1 unit at +70, 1 unit at +140, 1 unitt at +55, = +265
    +150..Order ID: 7 – EURJPY . . . 1 unit at +50, 2 units at +50 (for +100), = +150
    0……..Order ID: 8 – EURUSD . . . No fill, order canceled
    -180…Order ID: 9 – CADJPY . . . 3 units at -60 = -180
    ………Order ID:10 – GBPJPY . . . New order
    ………Order ID:11 – EURJPY . . . New order
    ………Order ID:12 – CADJPY . . . New order
    ………Order ID:13 – EURUSD . . . New order

    +105 TOTAL CLOSED ON THE WEEK

  38. chinese taco 17 March 2010 at 12:08 am #

    There is an indicator named "simbol-statistik" to count pips or $ that can keep track of the game. That would do all the counting work for you.

  39. dr7aem 18 March 2010 at 7:47 am #

    i am a new hear
    thanks for every thing
    you r the best of all!!!!!!!!!!!!!!

    • FirePips 18 March 2010 at 12:02 am #

      Welcome aboard mate…Let me know if you have any questions :)

  40. AffM 4 November 2011 at 1:57 am #

    Excellent post. I used to be checking constantly this weblog and I’m impressed! Thank you and good luck.


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