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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #421
  • Jan 1, 2011 3:37pm Jan 1, 2011 3:37pm
[quote]
Quoting NowAndLater
Anyway, I have these thoughts:

1) How was the first open price chosen, since this first one is determining the outlook and look of the range bars and especially the open price of all subsequent bars?
I think this is a important question in terms of results if you take round numbers into consideration as they work as kind of built in s/r levels. If you start with anchor at zero with 50 pip bars we can examine how these levels can be best utilized. Do we use them as opening price or straddle them?

Thanks to all who have contributed thus far
Q
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 50 pip grid.jpg Size: 114 KB
Click to Enlarge Name: 30 pip grid.jpg Size: 116 KB
Click to Enlarge Name: 60 pip grid.jpg Size: 111 KB
The Only Constant Is Change!
  • #422
  • Jan 1, 2011 6:20pm Jan 1, 2011 6:20pm
As far as I know there is no way to do this with range bars. This system just uses the range bars from wherever they start.

[quote=JazzmanQ2;4279125]
Quote

I think this is a important question in terms of results if you take round numbers into consideration as they work as kind of built in s/r levels. If you start with anchor at zero with 50 pip bars we can examine how these levels can be best utilized. Do we use them as opening price or straddle them?

Thanks to all who have contributed thus far
Q
  • #423
  • Jan 1, 2011 6:23pm Jan 1, 2011 6:23pm
It's here.

Quoting 4xplosion
Searched but couldn't find "the proper Thread" that you speak of...could you provide the Name of this thread? Thanks in advance!
  • #424
  • Jan 1, 2011 9:10pm Jan 1, 2011 9:10pm
[quote=Dreamliner;4279271]As far as I know there is no way to do this with range bars. This system just uses the range bars from wherever they start.

I purchased commercially...does range bars and renko anchored at zero.
The Only Constant Is Change!
  • #425
  • Jan 2, 2011 6:51pm Jan 2, 2011 6:51pm
Since this thread showed up I have added RangeBars to my Renko Test Jig which I used to generate Renko History Charts for backtesting.

1. It can generate one chart at a time or up to 8 charts with different pip sizes at once. It is still in final debug but very close to complete.

2. Renko and RangeBar Charts are actually EYE CANDY and do not actually contain any info additional info - only less info. That is, the time domain is removed.

3. I never trade a system without first modeling it with a test jig. Those who claim that backtesting is a waste of time need to understand every forward test chart becomes a historical chart the instant the bar is complete. Any strategy that is so sensitive that it will work on a backtest and won't work live is too sensitive or tuned to current conditions that it is not a good strategy. Finally - I hate Strategytester and I spend more time on reconciling its results than working on my strategy.

Here is a screen chart of what it looks like on my screen and I believe that it makes manual backtesting a snap, and programmed back testing even quicker.

SoOOO - Dreamliner - Just say the word and and I will not post anything further and will keep my backtesting results to myself as I progress.

Regards, KingHigh, Left Coast Programmer
Attached Image (click to enlarge)
Click to Enlarge Name: rangebar test jig.gif Size: 24 KB
  • #426
  • Jan 2, 2011 7:18pm Jan 2, 2011 7:18pm
This looks really good, please keep us posted!

Quoting KingHigh
Since this thread showed up I have added RangeBars to my Renko Test Jig which I used to generate Renko History Charts for backtesting.

1....
  • #427
  • Jan 2, 2011 7:50pm Jan 2, 2011 7:50pm
One profitable trade on EJ this morning.

  • #428
  • Jan 2, 2011 7:52pm Jan 2, 2011 7:52pm
I got that one too.

Quoting Musashi
One profitable trade on EJ this morning.

  • #429
  • Jan 2, 2011 9:21pm Jan 2, 2011 9:21pm
Could you post a chart of the winning trade ?
  • #430
  • Jan 2, 2011 11:47pm Jan 2, 2011 11:47pm
Dreamliner,
Thanks for sharing your strategy. I use Ninja Trader 6.5 and have completed an autostrategy to test your system with, but this post is NOT about strategies. I'm using the 17 - 25 which is the last parameters I saw you post. It will exit a position at the Close of a bar (50 Range). I think the Stop Loss is the only difference. You set your stop at the opposite end of the bar when a position is entered, but since I can't do that with this autostrat (runs tic by tic instead of on bar Close) I just have it exit the position on the Close of the bar (actually the first tic of a new 50 Range bar, Limit Order). It may cost an extra few tics from time to time on a Stop Loss compared to setting the Stop immediately, but the results are still positive. I've run the strat on the limited amount of data I have (Replay, which is almost exactly like Live) and it's been averaging around 25-50 pips a day (or partial day) for EUR/USD and GBP/USD.
Tonight I started the Live SIM test with EUR/USD, GBP/USD, GBP/JPY, USD/CAD, USD/CHF and USD/JPY.

This strat will trade every bar that qualifies, so it should be happily taking trades when I'm asleep. I'll post the results after the end of this week.

Again, thanks for sharing. My few tests in Live Data Replay show positive, positive, positive so it's definitely worth pursuing! With enough of us testing, it should show if the system has validity or not.
Joe
Wellsville, Utah
  • #431
  • Jan 3, 2011 12:35am Jan 3, 2011 12:35am
nice job pecunix, ninja is a great platform to test this out on. Look forward to seeing you results at the end of the week.
  • #432
  • Jan 3, 2011 11:05am Jan 3, 2011 11:05am
In essence, this system is swing trading. As done in swing trading where pending buy/sell order at particular price decided by moving averages (or other techniques) , in this system these orders are placed at predefined fixed price from open. It is very hard to have consistently wining trade if we arbitrarily decide on this distance from open(like 10pips, 20 pips and so on.) This is a special case of general swing trading and it would be very useful if some criteria other than placing stop-order at particular distance from Open can be used. I think this system performance can be improved if stop order are placed based on 50/100 MA or based on price action patterns like pin-bar, W, Ms or S/R , Pivot lines and so on. This is just my opinion but I may be wrong.
AshN
  • #433
  • Jan 4, 2011 12:36am Jan 4, 2011 12:36am
took a long time
Attached Image (click to enlarge)
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #434
  • Jan 4, 2011 12:40am Jan 4, 2011 12:40am
Thank you Joe, I look forward to getting your results as able.

Quoting Pecunix
Dreamliner,...
  • #435
  • Jan 5, 2011 9:15pm Jan 5, 2011 9:15pm
How is the manual trading using this system working out?
  • #436
  • Jan 6, 2011 7:27am Jan 6, 2011 7:27am
Every trade I've taken except one has made profit. However, I found someone who is local to me who trades Forex, so I met with him for lunch the other day, and he showed me his trading record where he has had over 500 trades with no loss. He shared his system with me. Right now I am focusing my efforts on learning that system, and will no doubt return to this one over time.
  • #437
  • Jan 6, 2011 7:32am Jan 6, 2011 7:32am
Quoting Dreamliner
Every trade I've taken except one has made profit. However, I found someone who is local to me who trades Forex, so I met with him for lunch the other day, and he showed me his trading record where he has had over 500 trades with no loss. He shared his system with me. Right now I am focusing my efforts on learning that system, and will no doubt return to this one over time.
You may want to switch off your PM, I'm guessing you're about to get inundated ....

This thread's great. Been checking it out for the past week, and the method looks solid. Well done.
  • #438
  • Jan 6, 2011 7:35am Jan 6, 2011 7:35am
Ah, good point. I cannot share anything about his system, as he sells it commercially. So I won't answer any questions about the system right now.

Thank you for your kind comments.

Quoting Pips Queak
You may want to switch off your PM, I'm guessing you're about to get inundated ....

This thread's great. Been checking it out for the past week, and the method looks solid. Well done.
  • #439
  • Jan 7, 2011 11:45pm Jan 7, 2011 11:45pm
Quoting Dreamliner
Ah, good point. I cannot share anything about his system, as he sells it commercially. So I won't answer any questions about the system right now.

Thank you for your kind comments.
Yeah-- let it out let all of us make 500 trades with zero loss too
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #440
  • Jan 8, 2011 12:55am Jan 8, 2011 12:55am
I'm sorry but I doubt there's system like this unless it has 5000pips stoploss or something..
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