Message #24

[AlexPali]

Hello friends & Forex brothers;

Firs of all I would like to thank very much to Panagiotis (xux99) for delivering the following v.0.1 of Pip-Hunter robot. This is the very fist release incorporating all three main tactics of the strategy. (Still there is aggressive sub-D1-1 strategy to be added down the road.)

So far I noticed the following:
Since Pip-Hunter is using D1 Time Frame for analyzing the market movements, the result on spotting out a set-up is vary to brokers using different server times.
For example, FXDD has server time is same as Ignacio’s used FX Solutions but FXDD-UK and Alpari-UK are behind one and two hours. Therefore, the readings of D1 candles differ a lot among the three brokers and as a result, the set-ups determined by Pip-Hunter are different for hours ore even jumps to the following day if not disappears for a while.
Since we don’t know which starting/ending D1 Time-Frame is the most optimal for Pip-Hunter’s strategy, the only choice is to try all of the spectrum used by the most respected brokers and compare the final results.
In my first tasting days with two brokers: FXCM-UK and FXDD I noticed that the robot is placing the same trade twice in the case of FXDD-EUR/USD; (screenshot attached).
In the case of FXCM-UK the robot positioned D1-1 and D1-2 trades while the other one was still running.
I don’t know if such situation is permissible in theory and allowed in practice but this is something to be concern of.
I believe a coder and the only native Anglophone member among our team; Tim would be the best specialist to verify this condition against the available written strategy manual. (Well, Steve “forex5x” who is one of my best FX fiends is Anglophone too but he is sort of passive member so far).
Once again, many thanks for Panagiotis for his extraordinary job and for Tim for his further support in improving/tuning-up this robot.

With best Regards,
Alex

Quote:
AlexPali says:
It looks like all 7 USD involved pairs are heading for PM2 set-ups. But it might change over the night.

Ignacio says:
Remember you don't trade any PM1 or PM2 until PM3 has run its course.

"If a PM 1 or 2 setup occurs, but a Pip Rev trade is already in progress, then stand aside until the Pip Rev Trade has run its course."