The Pip Nailer. Any timeframe, any pair.

 

Dear all,

After receiving a number of requests to post my system onto this forum, I have decided to do so, in the hope it will benefit other traders. I welcome observation, feedback and improvement.

There are two files attached - the actual PDF manual, and the template for MT4.

Regards,

Ash

Files:
 

p sar colored i think its good

Colored P Sar i think its good

how we can indentify nail candle ??

 

im going to testing this system on 1H TF.

plus i add a color psar with alert.

still figure out the exit strategy for this system.

give me a week to test this out.

report again on next week.

thanks for sharing.

 

Here is an indicator that will help with the "nailed candle", it checks how much time until the next candle every time a tick comes in.

Files:
 

Would've made some nice pips on Eur/Cad this morning folks...

Files:
eurcad.gif  27 kb
 

Hi Forexmoment,

Nice shoot on EUR/CAD. btw, do you trade in which TF ? seem if in 5M we really have to selected.. not all the pip nail can be open if its in 5M.

I also subscribe in your alert, but could you advise how to read that ? since I only get you send 1 chart with line.

Pls advise

Thanks n Regards,

MS

forexmoments:
Would've made some nice pips on Eur/Cad this morning folks...
 
pipfirst:
Hi Forexmoment,

Nice shoot on EUR/CAD. btw, do you trade in which TF ? seem if in 5M we really have to selected.. not all the pip nail can be open if its in 5M.

I also subscribe in your alert, but could you advise how to read that ? since I only get you send 1 chart with line.

Pls advise

Thanks n Regards,

MS

Best timeframes are H1 and above. I try to avoid the noise.

Shoot me an email about my alert, this thread is for Pip Nailer, thanks.

 

Better to use it on 4h or daily timeframe,then?

 

???????

glad to see your thread here..

 
vladv:
Better to use it on 4h or daily timeframe,then?

Indeed, that's correct.

 

nice simple system which seems to filter whipsaws/ranging very well on a visual backtest.

1. are there any issues with repainting?

2. surely an EA can (or has already) be made for those of us who are still wage-slaves???

well done again forexmoments.

Dr G

EDIT: just found the thread on FF so a lot of reading ahead for me.