Fx Signals 22nd Feb

Forex Signal ProviderLast week turned out quite good. We had several pairs that reached their full profit potential. Lets see what this week has in store for us.

Starting next week I may introduce CHFJPY into the mix. I’ve been watching this pair for while now and numbers says it is worth trading. This will bring total number of pairs that we trade to six.  If trading 3 lots per pair is making you to risk more than your usual comfortable level then I suggest either focus of only few pairs or trade or trade with 1 lot.  Like most traders you can either choose to use my signals as is or include them in your own analysis.

Update at 1AM EST / 6 AM GMT / 0800 Hour Candle:

Order ID: 1 | Order Cancels Order | $GBPUSD Sell 1.5465 or Buy 1.5505 | Stop Loss: 40 Pips | Take Profit: 50-100-150 Pips
Order ID: 2 | Order Cancels Order | $GBPJPY Sell 141.35 or Buy 142.25 | Stop Loss: 90 Pips | Take Profit: 70-140-210 Pips
Order ID: 3 | Order Cancels Order | $EURJPY Sell 124.60 or Buy 125.30 | Stop Loss: 70 Pips | Take Profit: 50-100-150 Pips
Order ID: 4 | Order Cancels Order | $EURUSD Sell 1.3620 or Buy 1.3660 | Stop Loss: 40 Pips | Take Profit: 40-80-120 Pips
Order ID: 5 | Order Cancels Order | $CADJPY Sell 87.95 or Buy 88.50 | Stop Loss: 55 Pips | Take Profit: 40-80-120 Pips

Update at 5AM EST / 10 AM GMT / 1200 Hour Candle:

Order ID: 1 | Update | $GBPUSD Sell 1.5465 | Closed out at -40
Order ID: 2 | Update | $GBPJPY Sell 141.35 or Buy 142.25 | Waiting to get filled
Order ID: 3 | Update | $EURJPY Sell 124.60 | Currently at +10
Order ID: 4 | Update | $EURUSD Sell 1.3620 | Currently at +5
Order ID: 5 | Update | $CADJPY Sell 87.95 or Buy 88.50 | Waiting to get filled

Order ID: 6 | Order Cancels Order | $GBPUSD Sell 1.5440 or Buy 1.5510 | Stop Loss: 70 Pips | Take Profit: 50-100-150 Pips

Update at 9AM EST / 2 PM GMT / 1600 Hour Candle:

Order ID: 2 | Update | $GBPJPY Sell 141.35 | Currently at Break Even
Order ID: 3 | Update | $EURJPY Sell 124.60 | First Profit Target Reached at +50 | Move Stop Loss to -35
Order ID: 4 | Update | $EURUSD Sell 1.3620 | Currently at +5
Order ID: 5 | Update | $CADJPY Sell 87.95 | Currently at +15
Order ID: 6 | Update| $GBPUSD Sell 1.5440 or Buy 1.5510 | Waiting to get filled

Update at 1PM EST / 6PM GMT / 2000 Hour Candle:

Order ID: 2 | Update | $GBPJPY Sell 141.35 | Currently at +30
Order ID: 3 | Update | $EURJPY Sell 124.60 | Second Profit Target Reached at +100 | Move Stop Loss to Break Even
Order ID: 4 | Update | $EURUSD Sell 1.3620 | First Profit Target Reached at +40 | Move Stop Loss to -20
Order ID: 5 | Update | $CADJPY Sell 87.95 | Second Profit Target Reached at +80 | Move Stop Loss to Break Even
Order ID: 6 | Update| $GBPUSD Buy 1.5510 | Move Stop Loss to 1.5460

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62 Responses to “Fx Signals 22nd Feb”

  1. richard 22 February 2010 at 2:23 pm #

    i no this is a really dumb question but what do you do about the spread if it is different to fire pips because i dont have and ecn broker i have a market maker broker i get comfused do i add the spread do i take it off please some one help me

  2. okey 22 February 2010 at 6:51 am #

    i normally trade with 1 lots, i just move the stoploss accordingly which is very good to me.

  3. @lolygagv2 22 February 2010 at 8:26 am #

    Alright good luck to us

  4. Nigel 22 February 2010 at 7:33 pm #

    Good day to all firepippers! Good week ahead methinks

  5. Onyebuchim 22 February 2010 at 7:47 pm #

    Hi everyone,
    I’m trying this weeks signals with the EA. So far placing trades was quite easier. Can someone pls explain what the stop profit input in the EA should be? I left it blank although.

    At the moment the EA has picked the GBPUSD signal for a sell and currently at -54. my other strategy confirms the sell signal.

    The EA has also picked the EURUSD signal for a Sell and its at +36 currently.

    • Diet Pipsi 22 February 2010 at 3:18 pm #

      I think from you later posts that you figured it out, but the StopProfit input is normally left alone, and you use it to manually move your stop loss if you want to move it outside the system rules. Please check the manual, if I didn't make that clear enough, let me know so I can go back and explain it better in the manual.

  6. Onyebuchim 22 February 2010 at 7:59 pm #

    EURUSD = +63 (Order Stage 1)
    EURJPY = +3.28
    GBYJPY = +3.49

  7. Onyebuchim 22 February 2010 at 8:03 pm #

    EURUSD = +66 (Order Stage 1)
    EURJPY = +3.28
    GBYJPY = +42.59

    • Stoffinger 22 February 2010 at 9:08 am #

      Which EA do you use?

    • FirePips 22 February 2010 at 9:27 am #

      GBPJPY is not yet filled. Are you sure you entered the orders correct?

  8. Onyebuchim 22 February 2010 at 8:19 pm #

    GBPUSD closed at -80 hit stoploss 1.5465

  9. Onyebuchim 22 February 2010 at 8:36 pm #

    I’m using the EA posted in this site.

    I just found out that i would have adjusted the stop profit to secure the GBPUSD while it was in a positive figure. Anyway its still a useful EA.

  10. Onyebuchim 22 February 2010 at 8:43 pm #

    Yeah made a mistake with the GBPJPY. it was my personal trade which i’m using to further confirm your signals for uniformity. I had already placed a SELL order for GBPJPY based on my personal system.

    At the moment EURUSD = -9 and EURJPY = 0.00

    I have also reactivated the EA to watch again for trades with the signals on GBPUSD.

  11. Onyebuchim 22 February 2010 at 9:22 pm #

    EURUSD = +48 (Order Stage 1)

    EURJPY = met TP at +65 and closed. I actually changed the Stop Profit to +50 and i guess thats why it closed.
    I’d wished it locked it there and continued.

    GBYJPY = Not Filled

    GBPUSD = i’d already reactivated the EA to trade at the old signal price and its already at -12. i dont know how to tweak the EA to take the current signal update.

  12. Peter 22 February 2010 at 10:24 am #

    I am using the EA on a 5 digit broker & it is doing some weird things. It should have 4 trades pending but on clicking on OK if flashes "Waiting to Open a Trade" & then goes to
    "Not Looking for a Trade Right Now". Is anyone else experiencing this problem.
    Is there a way to move the detail of the EA from the Left to the right side near the EA??

    • Diet Pipsi 22 February 2010 at 3:26 pm #

      Hi Peter – No, no way that I have ever seen to move the comments from the left side to the right side. I wanted that myself once about a year ago, and looked and looked for a way to do it. I never found a way, and in a hundred EAs I've seen I've never seen any that had the comments on the right side.

      It is possible to move them over by a set amount, but if you ever change the size of your chart, they won't follow. Then when you make the chart a little bigger then they'll either end up in the middle of it, and when you make the chart al ittle smaller, they'll disappear off the right side of the chart.

      As to weird things on a 5th decimal broker, remember I have not tested the current version on any 5th decimal brokers. One thing I can speculate is that maybe it's opening a trade and then closing it immediately. It might be closing a trade at 4 pips instead of 40, and that could happen almost instantaneously. I'm just guessing though.

      What broker are you using it on? Perhaps I can run a demo on that broker and test it there myself. May tell us nothing, but it might tell us a lot, and then perhaps I can fix some things.

      Hopefully helpful -

      • Felipe 22 February 2010 at 7:50 pm #

        Instead of using "comment" as a parameter, you can use objectcreate where you are able to move it to the specific location…

        I played around with the code and got it to where Peter wanted but now I have to figure out how to delete it once it hits the price… if I ever figure out, I'll post it…

        Diet Pipsi, you are doing a great job! Keep up the good work!

        • Diet Pipsi 22 February 2010 at 9:16 pm #

          Thank you, and thanks for the input and feedback. If you ever do get it figured like you like it, I'll love to see it.

          I think with objectcreate that you still have to tell it what time to create the object on the chart. I imagine there would be a way to tell it something like ((currenttime) – x) but I have no idea what function to do that is actually named.

          However, if there is such a function, and you can figure out how to make it delete the object, then it could be easy to have it always delete the object and create that object again, and thus at each change ofthe current bar, the object would stay X time away from the current bar.

          Definitely worth time to look at – -

          Thanks again for the cooperative work

  13. Onyebuchim 22 February 2010 at 9:45 pm #

    EURUSD = +39 (Order Stage 1)
    GBPUSD (old signal)= +4.00
    GBYJPY = just got filled and currently at +29.56

  14. richard 22 February 2010 at 11:06 am #

    hi fire pips im having problem with the e.a just right now i set the trade for the gbp/jpy when i first got your signal and it has been saying for ages waiting to open a trade and then i left my computer andnow it says on the gbp/jpy not looking for a trade when it should of opened a sell signal for quite a good trade by the looks of things can you help me out i dont no why this is happerning my computer didnt lose connection or nothing like that please help me out i am tradin on a 5 digit broker

    • richard 22 February 2010 at 11:17 am #

      im sorry i didnt set the trade right now i set it at 6am gmt it seem as if the e.a got bored of waiting for it to happen and then when it did decided to it didnt want to take a good trade? please help

      • nzforextrader 23 February 2010 at 3:32 pm #

        Hi Richard, I have similar problems. I have noticed that at times the box under “Common/Allow live trading” in the trade setup, required a tick in the box. I was sure that I had previously placed the tick there, but maybe I had fallen asleep (while trading), and just dreamt that I had.

    • Onyebuchim 22 February 2010 at 10:27 pm #

      I suggest you read the instructions that comes with the EA carefully to guide you on 5 digit brokers.

      Check the OpenATrade property if its set to false and change it to true

  15. richard 22 February 2010 at 11:36 am #

    i didnt make a mistake setting up the e.a every thing that i had to do i did it just ignored the trade then switched to not taking a new trade?

  16. richard 22 February 2010 at 11:37 am #

    i know i set it up right because for hours it had said looking for new trade the with the buy and sell orders below that

  17. richard 22 February 2010 at 11:41 am #

    when i relised it didnt take the trade the open trade property was set on true! and everything was filled in the buy setup and the sell setup all the stop losses and take profits but still it didnt take the trade?

    • FirePips 22 February 2010 at 1:54 pm #

      Sorry Richard, I can't help you in this matter. I hope DietPipsi is looking at this and may help us out here.

  18. richard 22 February 2010 at 2:25 pm #

    beacuse i didnt get the 50 pips on the eur/jpy :(

  19. Diet Pipsi 22 February 2010 at 3:11 pm #

    I also didn't get the first target on EJ, the bid came down to 124.08, and I have a 4-puip spread right now on EJ, so I missed the profit target by 2 pips. Not the EA's fault, just the market's fault (or rather the broker's fault, if you look at it that way). That's bound to happen some times, and in a strict sense, there is nothing you can do about it. In practice, if using a MM broker, you can adjust the targets down 3 or 4 pips. In the long run that will not make much difference, and this does happen a fair amount of the time.

    As to the EA doing strange things, remember I have not tested the current version on any 5th decimal brokers, and so I don't know how it will behave. One thing I can guess at is that a trade got filled, then closed out at 4 pips instead of 40. That could explain why it had been saying Waiting to Open a Trade and then went to Not Looking for a Trade. I'm just guessing there though. Another guess is that maybe it didn't enter a trade because of something it didn't like about the 5th digit price.

    What broker are you using with 5th digit, perhaps I can open a demo on that platform and test it there myself. May not tell us anything, but I may be able to figure it out.

    Hopefully helpful – -

    • Diet Pipsi 22 February 2010 at 3:30 pm #

      And while I went back and posted a couple more EA answers, the EJ has now blasted thru the first target. If I had set my target about 3-4 pips short, I'd have just missed out on those pips, that now we have them all anyhow.

      Of course other times the target will get missed just because of the spread, and then go hit the full stop loss, when FirePips got the first target on his first 1/3, and only hit half the stop loss on the other 2/3. In those cases, you really wish you'd set it for 3-4 pips less . . .

      But that's forex!

  20. Onyebuchim 23 February 2010 at 2:13 am #

    EURUSD = +75 (Order Stage 1)

    GBPUSD (old signal)= -80 and got stopped out

    GBYJPY = just got filled and currently at +19

    I observed that the internal stops in the EA are not triggered when profit has reached its first target. i had to manually place Stop Profit to secure trades in the EA for the EURUSD.

    Currently EURUSD has reached +75 well above the first target of 40 but the EA still captures it as Order Stage 1 which should be Order Stage 2.

    it would be much appreciated If Diepipsi can throw more light on this.

    I would also want to suggest either trailing stops or moving stops in the EA if possible.

    Keep up the great work

  21. richard 22 February 2010 at 3:15 pm #

    im sorry fire pips but the e.a is just not working properly it failed to open a trade on the gbp/jpy when it was susspose to and just now it has closed one 3rd of the eur/jpy trade and then closed the compleate remain 2 3rds as well instead of carry it on with the two 3rds to it reached the second profit target :( please can this please be fix otherwise i am just unable to trade your signals i am using a 5 digit broker and it is a market maker broker the broker name is alpari uk please fix the problems :(

    • Diet Pipsi 22 February 2010 at 3:45 pm #

      I will put it on an Alpari UK demo now, and watch what it does. It will take a few days, because I'll need to watch it over a few trades — and I won't be here most of today. But given some time, I may be able to iron it out for this broker, and that should help it on some other brokers as well.

      But FirePips did not write the EA, and it's not his responsibility. Even he had, remember he is giving the stuff for free. I am the one who wrote the EA, and will try to make it work on your broker. However, I also gave it for free, just trying to be helpful.

      I do understand how difficult it is to trade FirePips' signals without this working, that's why I wrote it. Still, it might behoove you to trade his signals manually for a week or two. Even if the EA works fine, if you cannot (or don't have the patience to) trade the signals manually, then you are going to have problems with using the method even if the EA does work.

  22. Onyebuchim 23 February 2010 at 2:22 am #

    Modified the Stop Profit in my EURUSD and it closed at +99.0 USD

    I did that to secure the profit since the internal stop loss does not seem to move at each profit target advancement.

    Still a great EA for this system but would need a little touch if possible.

    • Diet Pipsi 22 February 2010 at 3:56 pm #

      Mine on EU also has not taken the first target, which would be at 1.3580, and according to my platform, the low this candle is 1.3573. However, I entered this trade late, when price was at 1.3629, and I set my targets wrong. According to the comments, I have seen a max profit of 53, but am looking for a 60-pip profit, so I input my numbers wrong. I doubt if that's the same thing you did! On EU mine is also saying stop profit of 0, so I do not know what's going on there. But on EJ and CJ, it has taken the first target and moved the stop to half, just like it is supposed to. Sorry I don't have an answer for you, but only thru trial and error do we find every bug!

  23. richard 22 February 2010 at 4:06 pm #

    i do relise that dietpipsi and fire pips are giving this help away for free and i honestly do belive that both of you are a blessing to the forex community i just wished i could benifit from your hard work and the opertunity that is presented here im just a little frustraded thats all but hopefully things will work out fine than you very much dietpipsi and firepips and again i think both of you are truly a blessing :)

    • Diet Pipsi 22 February 2010 at 4:25 pm #

      Gawd, do I know forex frustration!! I have an Alpari UK demo open now, and am putting the EA settings onto the charts as we speak. Again. I'll be out most of the day today, but I am gonna just input some values I think should trigger on the Alpari charts, and later I'll look and see what it has done.

      • Diet Pipsi 22 February 2010 at 4:29 pm #

        Wow, it did go right from Waiting to Open a Trade directly to Not Looking for a Trade, with no trade open. OK, so it definitely doesn't like Alpari UK in its current form. Sorry, I'll work on it!

        • Diet Pipsi 22 February 2010 at 5:22 pm #

          OK, for 5th digit brokers, try it as inputting the correct price, but multiply the stop-loss and take-profit numbers times 10. That's the way MetaTrader handles it with Alpari, 1 is actually 1/10 of a pip, and 10 is actually 1 pip. So for a 40-pip stop, enter 400. For a 50-pip profit target, enter 500. For a 120-pip profit target, enter 1200. And so on. I have two orders open on Alpari UK demo right now (not from FirePips calls, just arbitrary entry points). I entered the stops and profit targets as hundreds, and it is in both of the orders and reporting Max Profit correctly in those terms. Neither has hit the stop or target yet, but I am thinking it will work.

          I and a partner of mine have written a small EA where we were able to get it internally to recognize whether the broker was 4th decimal or 5th, and you could just enter 40 pips as 40 and it would take care of it. I may put that into this one, if time permits, but meanwhile, try entering it as 400 for 40 and so on. Please post your results.

          Hopefully helpful -

  24. lnfx2009 22 February 2010 at 4:44 pm #

    Hi firepip,

    Have been following ur trades all day and I'm liking your system!
    I am just a newbie so just following them on a demo at the moment.
    Thanks for the guidance.
    Happy pipping. :)

  25. richard 22 February 2010 at 5:44 pm #

    hi dietpipsi where you metioned try doing it with 400 instead of 40 as 40 pips this is what i have been doing all along so for me well i guess it still dosnt work i just thought you should no this

  26. Diet Pipsi 22 February 2010 at 6:13 pm #

    Cool. The two I have open now, neither has yet hit the stop or the first target (even though I only made them 20 pips, so they would hit sooner). When they do, I am eager to see if it takes the first 1/3 of the position, and if they move the stop to 1/2 on the rest, like it's supposed to.

  27. richard 22 February 2010 at 7:16 pm #

    just some more info when i first got your e.a i used it on demo and it worked fine hence why i used it on a live account and obviously it just didnt work on the live account just some more info i thought you should have so you can solve the problem :)

  28. Floyd 23 February 2010 at 6:18 am #

    Watch out ! Euro seems to be getting ready for an upward breakout at this time.

  29. Onyebuchim 23 February 2010 at 7:49 am #

    Hi Dietpipsi
    please correct me if i’m wrong on the logic of the EA.
    take for example, 1st profit target of a pair is 50 and 2nd TP is 100 and 3rd is 150.
    If price reaches 50 and above, the EA puts a stop loss at the 1st TP and the trade continues. Am i right?

    if i’m right then taking a look at GBPJPY now, its at +79 and the first target is 70 but the stop was not moved. I have been manually setting the stop increment myself which i felt the EA should do until it reaches the third profit target where i can close all trades.

    Dietpipsi could you pls clear me out

    • Diet Pipsi 22 February 2010 at 9:11 pm #

      No, when it reaches the first target, it simply puts in a close order to close 1/3 of the position. Then, it changes the StopProfit to be 1/2 the original stop loss. Then, it puts in a new stop loss order, for 10 pips less than the StopProfit, just as protection in case the computer or your internet goes down.

      When it reaches the second target, it puts in a close order for 1/2 of the remaining position. Then it changes the StopProfit to 0. Then it puts in a new stop loss order, for -10, again, just for protection.

      If you manually go in and put a number into the StopProfit field, then if it sees that price, it will put in a close order and close the trade. It does NOT put in a new stop loss order when you change the StopProfit. I didn't bother to write it to do that, because that's really not a needed extra safety net.

      When the computer and your internet and the EA are all functioning properly, the stop loss orders and the take profit orders are never hit, because the EA will close the trade with close orders.

      Of course you can always put in stop loss orders to protect more profit anytime you want, and if one of those gets hit then the EA will just stop automatically.

      Hope this helps!

      • Onyebuchim 23 February 2010 at 6:28 pm #

        Thanks it did

  30. Farhan 23 February 2010 at 1:00 pm #

    Hello All

    Good day to all of you.

    Just join signed up for subscription today.

    I don't know have much experience of trade as I'm a new comer but its my passion which enforce me to do.

    Can you guys please guide me which broker should I select. Currently right now I'm working with Deutsche Bank Forex, having no problem with it infact feeling comfortable. Just required you suggestion that should I carry on or try another broker which will be highly appreciated.

    Farhan Bukhari.

    • FirePips 23 February 2010 at 1:29 pm #

      Hi Farhan,

      Welcome aboard. Regarding Deutsche Bank I've not heard anything bad…if you happy with them then stay until you have a reason to quit. I personally recommend using ECN brokers.

      • Farhan 23 February 2010 at 3:46 pm #

        Thank you for the reply.

        Let me check the ECN brokers, if I find it easy then ill switch on it. :) )

        Thanks Again.

  31. Oculaw1957 23 February 2010 at 9:49 pm #

    I am new to this site and have followed it a couple weeks. Can anyone tell me about the EA, where to find it and how it works? Very interested. Love some help on it

  32. Adrian 23 February 2010 at 10:10 pm #

    Another good day Firepips, congrats!

  33. JimmyAD 24 February 2010 at 1:36 pm #

    I have a question about calculating pips. As an example, in the recent eurusd, where all 3 targets were hit at 40, 80 and 120 pips, then this is quoted as+240. Therefore, am I correct in assuming that had the stop been hit, which was 40pips in this case, then this would actually have been -120 in the totals rather than -40, as there are 3 positions? Thanks in advance.

    • FirePips 25 February 2010 at 3:19 am #

      That's right James. We calculate the losses the same way.

  34. Comprikoko 26 February 2010 at 11:02 pm #

    this blog is a forex vault and have brought my bullion van to take away any little i can. I am tired of funding every week rather than withdraw i need your help with material and pls any one pls tel me what EA means

  35. Anthony 11 March 2010 at 10:22 am #

    Hello pls could post your february month net gain in pips?

    • FirePips 10 March 2010 at 11:32 pm #

      Hi Anthony, It was +350 Pips last time someone send me tally. I still have go through all orders and verify it.

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