Hello michelle,

here is the EA for you. for filter false signals i use two stochastic (10,3,3 and 50,0,0) and i use additional four laguerre with settings gamma 1st 0,8; 2nd 0,6; 3rd 0,4 and 4th 0,2.

i post you my template maybe it could help.

in the zip file there is the bouncingpipmpower. put this in your expert folder. the bouncing pip.tpl in your template folder and the other files in your indicator folder.

PriNova

Attached Files

bouncing pip.rar (63.5 KB, 242 views)

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PriNovaFX - THE FOREX LABORATORY & PERFORMANCE

Hi Friends,

what do you think of EURJPY now.

Is it a buy according to Bouncing Pip ??

Cheers

hello rpasupathy,

it looks like a good buy signal. confirmation in 30min, 1 hour & 4 hour. but if you look at the daily tf you will see a strong downtrend. i take care about this signal. my opinion.

PriNova

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PriNovaFX - THE FOREX LABORATORY & PERFORMANCE

Thanks for the reply....

You mean to say that you also take a look at Daily tf using bouncing pip ??

Cheers

only for filtering, sometimes the trend is too strong. and there will be many false signals until the real one comes and the pips bounce back :-)

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PriNovaFX - THE FOREX LABORATORY & PERFORMANCE

Thanks for your package. I hope I can do as well as you! =)
Of all the system I've come across and tried, I like this one best. I hope it's for the long run.

no problem, you're welcome.

to proof and show you what is my peak i get every week. i attach an actual image of my floating positions. i trade 0.1 lots with all pairs IBFX could give me in my miniaccount. you see that i'm at about +800 Pips. and this is nearly every week.

my question is. should i close my position by percent of account balance. at the moment is ca. 50% or should i wait until a new signal. he he.

i don't want to be greedy, but i think i could gain more.

PriNova

Attached Images

tradeupdate16072008.gif (67.1 KB, 579 views)

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PriNovaFX - THE FOREX LABORATORY & PERFORMANCE

Hi PriNova,
Thank you very much for your help but I think I am lost with all your indicators. Can you please help? Thank you.

Hi Michelle,

don't be confused about the indicators. the only i take care is about the stochastic, the laguerre and the alarm bell.

LONG:

if you here the bell or see the alert window. waaaiiit.
take a closer look to the two stochastics. if the main lines are under or near 20, good. most of the time the 10,3,3 stochastic already goes upwards.
now let's have a look at the laguerre. if all lines are under the 0.15 line, better. the best signal is if all laguerre lines are at 0. and if this happen between the alarm candle and three candles after. strong signal.
if not, open a new position and keep the old positions open. do this how often your money management allows this.

SHORT:

The same of the above but opposite. stoch over or near 80. laguerre lines over 0.85. best is all laguerre lines at 1 or really near 1.

You see it is simpler as it looks like. and you have time to open your positione (3 hours after alarm bell). oh, before i forgot. i trade this in the 1 hour timeframe.

Happy trading

PriNova

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PriNovaFX - THE FOREX LABORATORY & PERFORMANCE

PriNova,
The screenshot you posted above, you are using the Swiss Amy EA? How can I have the exact same set up as your account? I am a newbie and would like to know everything about this system before I can feel comfortable with live trading. Please help. Thank you.