APS forex search question

trader3cnd · Sep 21, 2008

I need some help from APS (Automatic Pattern Search) experts: what values should I enter in the T/S file if I want APS to search for patterns in intraday forex data (eurusd) with 25 pip profit target and stop loss?

Thanks

ronblack · Sep 22, 2008

Quote from trader3cnd:

I need some help from APS (Automatic Pattern Search) experts: what values should I enter in the T/S file if I want APS to search for patterns in intraday forex data (eurusd) with 25 pip profit target and stop loss?

Thanks

Since APS just adds/subtracts the target/stop value from price, it makes sense to use 0.0001 x Number of pips. For 25 pips then the proper value to use is 0.0025 but make sure you specify "inc" on the search workspace otherwise your entries in the T/S file will be used as percentages of entry price.

I think the forex search examples on the APS website provide an answer to your question:

http://www.tradingpatterns.com/Software/APS/forex/forex.html

In case C for example, for 50 pips target/stop they use 0.05 (Target and Stop columns).

Ron

trader3cnd · Oct 12, 2008

Quote from ronblack:

Since APS just adds/subtracts the target/stop value from price, it makes sense to use 0.0001 x Number of pips. For 25 pips then the proper value to use is 0.0025 but make sure you specify "inc" on the search workspace otherwise your entries in the T/S file will be used as percentages of entry price.

I think the forex search examples on the APS website provide an answer to your question:

http://www.tradingpatterns.com/Software/APS/forex/forex.html

In case C for example, for 50 pips target/stop they use 0.05 (Target and Stop columns).

Ron

Thank you Ron. I tried the numbers as you said and everything works fine.