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Forex Insider Pro


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Re: [Req]: Forex Insider Pro

 

there is an impressive forward test on 4xproject website. backtesting the same period, and the results are totally different.

 

im assuming default settings are used by 4xproject?

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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Re: [Req]: Forex Insider Pro

 

there is an impressive forward test on 4xproject website. backtesting the same period, and the results are totally different.

 

im assuming default settings are used by 4xproject?

 

Backtesting was performed with FXDD.

 

These are the settings they use on forward testing (Alpari UK):

 

FIP_SETTING====USE THIS TO ADJUST FIP SETTING===
FIP_Periode=15
FIP_Methode=3
FIP_Applied_Price=0
Trade_Setting====SET YOUR TRADE SETTING HERE===
TradeMagic1=978541
TradeMagic2=978542
TradeMagic3=978543
Candles=4
UsePendingOrders=0
PendingOrderDistance=200
DeletePendingOrderDistance=0
AutoCloseTrendChange=1
MM_Setting====SET YOUR MONEY MANAGEMENT SETTING HERE===
Money_Management=1
Percent_Risk=3
Lots=0.10000000
MiniAcct=0
MaxMargin=9
UseFixedSL=0
SLCandles=4
Initial_StopLoss=2000
Slippage=30
Limit1=1000
Limit2=2000
Trailing====SET TRAILING FOR 3RD TRADE===
Use_Trailing=1
Trailing_Stop=1000

Thanks for the kudos...much appreciated!
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Re: [Req]: Forex Insider Pro

 

Thank you san.

 

well,...

 

as a Rookie(with capital R), I say that FIP is good.

Based on this:http://www.4xproject.com/robot/review/forex-insider-pro/

 

unfortunately, it use big TF. I'm wondering, will it be like AI (Avian Influenza) Vaccine?

 

will market change faster than FIP can get pips??? :?:

 

 

 

*AI virus mutates faster than development of its vaccine.

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  • 2 weeks later...

Re: [Req]: Forex Insider Pro

 

San4x,

in your new upload an indicator is missing.

. Download and save  FIPOrderReliable.mqh to Your Broker MT4 Folder \experts\include (Ex : c:\program files\MetaTrader - Alpari (US)\experts\include

I am backtesting without this indi and I am getting more losses than winners.

 

Is this indicator not needed ?

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Re: [Req]: Forex Insider Pro

 

Forex Insider pro is based on the Slope Direction Line indicator. There's absolutely no reason why it wouldn't work concurrently on multiple currency pairs on the Daily charts either. Although the Indicator's MAPeriod may have to be optimized per pair to get the best results.

 

The Slope Direction line is something of a magical indicator in my opinion. <):)

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Re: Forex Insider Pro

 

I'm wondering what the entry and exit criteria for this ea is? Is it simply when their indicator changes color?

 

thanks

 

When the indicator changes colour it makes 3 trades, and places a stop at the highest high (or lowest low as the case may be) of the last number of daily bars or so. One trade hits TP at 100, the second at 200, and the third just keeps going until the indicator changes colour.

On a particularly good run, this can net you something around 1000 pips a month if the trend is particularly strong.

 

It's optimized for the EUR/USD on the daily charts, but there's nothing to stop you from running it on other pairs, or even on lower timeframes, although you may have to do your own optimization.

 

It's a very simple and good EA.

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Re: Forex Insider Pro

 

I will do some investigating with it. Does the line repaint? So when I look back visually over charts with the fips line on it will that be accurate to determine the entries? I assume as soon as the line changes color it waits until the close of the bar to make a trade. Also someone mentioned that backtests won't be accurate with this? Does anyone know why?

 

 

thanks

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Re: [Req]: Forex Insider Pro

 

San4x,

in your new upload an indicator is missing.

. Download and save  FIPOrderReliable.mqh to Your Broker MT4 Folder \experts\include (Ex : c:\program files\MetaTrader - Alpari (US)\experts\include

I am backtesting without this indi and I am getting more losses than winners.

 

Is this indicator not needed ?

:shand: go to first page of thread download earlier version & take FIPorderReliable from there & place in U include folder ;)

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Re: Forex Insider Pro

 

This mqh file is used to ensure the orders are placed as the EA intends them to be. Brokers do not guarantee orders will be placed and executed. This mqh file improves the likelyhood that the order is placed when the EA instructs it to be so. Their may also be a library file that you need that works in tandem with the mqh file. The intent is to improve the reliability of the order placement/execution. The EA will probably not place orders without this file.

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Re: Forex Insider Pro

 

Hi,

Rio is right this ea is based on the slope direction line. Here is an alternative to this ea I found

http://www.4shared.com/file/189546294/d0ee29a4/Slope_Direction_Line.html

http://www.4shared.com/file/189546305/77e9c84c/SlopeTradeADX_v3a__1_.html

 

I would appreciate if a program could upgrade/educate this ea for the following

 

1. automatic 5 digit price

2. ecn broker compatable

3. Allow user to change the "period" used for each of the 4 slope tf settings. (have a look at the ea to understand. It allows you to choose up to 4 slope lines on different timeframes to confirm entry)

4. Allow up to 3 positions to be entered it to the same as insider pro. With exit options for each one.

 

Thankyou for considering this

 

wvic

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Re: Forex Insider Pro

 

http://www.4shared.com/file/189577138/deed2ee9/FIPXE.html

 

Here's an XE version of Forex insider Pro 2.6

It includes options for adjusting the MAperiod of the FIPline for other currency pairs.

(do your own optimizations).

Also you can adjust the number of bars back it check for it's stop loss with another setting.

 

I recommend using FIP only on Daily charts, but it is possible to use it on lower timeframes too, but really NOT recommended!

 

There is a small readme in the package

The password is indo-investasi

 

I have not tested the EA to see if it works, but it should. The changes are very few.

 

Wvic, thanks for that. I will probably just figure out how that EA calls upon the indicators and shoehorn it backwards into FIP.

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  • 2 weeks later...

Re: Forex Insider Pro

 

I used this robot for a month.

It's open any position with the right way.

But several times the market can't move on that way to 100 Pips.

 

 

How to set first TP to only 50 Pips.

Someone who know, give me that information please. ^:)^

 

You just need to change the "Limit1" to 50

 

But for using it since a few now, 100 pips is a good target, it as indeed ranged a lot lately, but yesterday move is enough to justify a longer period, if you did it well, you should have still a third trade rolling, in case of EU goes to 1.32 :)

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Re: Forex Insider Pro

 

Hi Guys,

 

I have tried to change lot size to 0.01 and it does in parameters, but when it opens a trade it is still 0.10.

I adjusted as well percentage risk to 1 from 3 - no difference.

 

Do you experience the same problem?

If yes, do you know how to by pass it.

 

Thanks,

 

Jack

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  • 2 months later...
San4x,

in your new upload an indicator is missing.

. Download and save  FIPOrderReliable.mqh to Your Broker MT4 Folder \experts\include (Ex : c:\program files\MetaTrader - Alpari (US)\experts\include

I am backtesting without this indi and I am getting more losses than winners.

 

Is this indicator not needed ?

:shand: go to first page of thread download earlier version & take FIPorderReliable from there & place in U include folder ;)

 

Links on first page don't work. Can you upload the file please?

Thanks

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