I didn't set up the buy or sell stops on my platform last night, but according to FXDD figures, I think we would have gotten a loss today. The previous day low was 210.78 and the low today was 210.55, which is exactly 23 pips below the entry and ...

GBPJPY 50 Pips daily

I think it would be fairly straightforward. Personally, I won't take the time to do an EA until I am confident the system is consistently profitable. Scott

GBPJPY 50 Pips daily

For some reason my MT4 triggered the long trade, and I lost about 70 pips. I'll have to check and see how that happened. I didn't think it would have reached it. Scott

GBPJPY 50 Pips daily

We had a trade today — USD/JPY had an inside bar yesterday, so I set up a trade today. Got a 30-pip win on the 1st lot. 2nd lot was stopped out at break even. Scott

Daily Inside Bar Breakout

New trade numbers — Here are the latest trigger numbers (FXDD): LONG entry: 212.13 SL: 211.37 TP: 212.70 SHORT entry: 209.79 SL: 210.55 TP: 209.22 Good trading, Scott

GBPJPY 50 Pips daily

No worries. No trade is MUCH better than a losing trade. Scott

GBPJPY 50 Pips daily

No trade today — Going with Mio's suggestion, I'm canceling both pending orders since we are 18 hours into the day with no trigger yet. Scott

GBPJPY 50 Pips daily

Yeah, but IB... 1) charges commissions... 2) doesn't offer Metatrader... and... 3) requires $25,000 in equity to trade. I'll pass. Scott

GBPJPY 50 Pips daily

Well, I am assuming the basis to repeat the pending order in the same direction is again the high and low of the previous day. Perhaps Mio's experience has been that a second breakout in the same direction is even less likely to fail than the first. ...

GBPJPY 50 Pips daily

Entries for the next day, which began about 10 minutes ago: LONG entry: 212.54 SL: 211.78 TP: 213.11 SHORT entry: 209.16 SL: 209.92 TP: 208.59 These are based on the high and low of FXDD's day candle. Cheers, Scott

GBPJPY 50 Pips daily

Are you saying Interactive Brokers offers MT4 or that you are using MT4 somewhere else for charts? Scott

GBPJPY 50 Pips daily

Wow. IBFX is 9 pips for GJ. With five trades a week, that's essentially 25 pips I'm giving away. Have you been pretty happy with them? How do you like their platform? I assume they don't have Metatrader? Thanks, Scott

GBPJPY 50 Pips daily

Incidentally, which broker are you using that offers a 4-pip spread on GJ? Scott

GBPJPY 50 Pips daily

Mio claims he has traded this method for two years with a 81% win rate. That's the only "backtest" that I am aware of. Scott

GBPJPY 50 Pips daily

I will probably go ahead and just use FXDD daily bars for signals going forward (for convenience if nothing else). If this system turns out to be as good as Mio says, maybe I'll just open an account at FXDD. Scott

GBPJPY 50 Pips daily

Hi, Stan. Mio is on vacation for the next three weeks, so we are on our own here. As I understood him, if one of your pending orders gets triggered but then gets stopped out, you create an identical pending order to replace it. To answer your last ...

GBPJPY 50 Pips daily

Yeah, but the price was nowhere near the lows during that last hour, and I checked Alpari, and there didn't appear to be any spikes. Odd. I was able to get an FXDD demo with MT4. Interestingly, even those numbers don't jive perfectly with the ...

GBPJPY 50 Pips daily

Well, I downloaded Alpari and looked at the Friday/Sunday bar. The high was within 1 or 2 of what I came up with by taking the 22:00 to 21:59 hourly bars at IFBX, but the low was 12 pips off! IBFX high: 212.96 Alpari high: 212.97 IBFX low: 210.45 ...

GBPJPY 50 Pips daily

Ok, will do. What about in the winter when Central Europe is 1 AM at 0000 GMT? Back to the drawing board at that point? Scott

GBPJPY 50 Pips daily

Makes perfect sense now. Thanks for taking the time to give such a thorough explanation. Scott

GBPJPY 50 Pips daily