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The Bat...a strategy by Team Aphid

  • #641
  • May 19, 2007 12:24pm May 19, 2007 12:24pm
Hi All,

I just found this thread and let me say, its awesome!! Big thanks go to Team Aphid for developping AND SHARING this strat for free with us. While reading ant backtesting this strategy, it remind me of another good strategy which is also very good BUT hard to manage, as you need to be constantly monitoring the trades. Of course am talking about the ICWR Trading System.

So.. Both are very good strat but you need to be very disciplined and not try to bend the rules ELSE it won't work as expected.

All the best and THUMbS UP.
If you are looking for a forex book, ask me!
  • #642
  • May 21, 2007 3:15pm May 21, 2007 3:15pm
Hi Bat Traders.

Does anybody know some good exit strategy for this method?
I am using ATR lines for stop losses but looking for some better tool.
Please, share your styles.

Thanks.
  • #643
  • May 22, 2007 7:20am May 22, 2007 7:20am
One thing i did realize from my backtesting is that sometimes, Its ok to break the rule of low +/- 10 as your stop loss. now I think 90% of the time, this rule shouldnt be brokern.....when should it? well, when the lowest low candle has a huge spike or what japanese call the lower shadow. in that case, if its a long trade,I have just taken the close(if the candle closed lower than open) or open(if closed higher) - 10 Pips. Now of course, vice a versa for short trade. a perfect example is the long trade that opened up this morning. BY absolute standards, the stop loss would be 1.9665 but i saw that around 1.9685 four candles had long lower shadows so it acted as a strong support so I decided to use 1.968 as my stop loss.
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  • #644
  • May 22, 2007 7:56pm May 22, 2007 7:56pm
Hello Teamaphid,

how many number of systems do you trade currently? and how do u check to make sure the correlation isnt very high between those systems?

Thanks.

Zalak
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  • #645
  • May 22, 2007 10:37pm May 22, 2007 10:37pm
We use different accounts for each system and consider the correlation within the account on currency basis, not among the accounts.

We trade modified pabloski for gbpjpy only so far, and still testing other currencies such as eurjpy and gbpusd. We trade BAT. We also trade some other our own systems (one hedging, one with no stoploss, one breakout to name a few, which are all 100% mechanical).


Quoting zalakinc
Hello Teamaphid,

how many number of systems do you trade currently? and how do u check to make sure the correlation isnt very high between those systems?

Thanks.

Zalak
  • #646
  • May 22, 2007 11:19pm May 22, 2007 11:19pm
Hi Team aphid,

Just wanting to clarify your interpretation of a couple of points with this strategy, if I may,

First scenario, when first order is initiated at ATR and this position moves to 161.8 (and does not move any further), you would cancel entry orders at 38.2 and 61.8 retracements ?

Second scenario, if first order breaks ATR, then shows very little movement ie only breaks ATR by a few pips, say 10 or so, stalls before moving, then you would retain retracement orders for additional positions ?

I guess what I am asking is, how to detirmine what you consider as a break above the ATR before deleteing additional orders, for example, is it at 161.8 or is it any pull back before hitting 161.8 ? or can this be left to discretion ?

I have traded using the fibs for sometime, I am following this strategy with great interest.

Thanks for your contribution
Without women, money would have no meaning - Aristotle Onassis
  • #647
  • May 23, 2007 1:31am May 23, 2007 1:31am
Please see answers below:

Quoting mattfx
Hi Team aphid,

Just wanting to clarify your interpretation of a couple of points with this strategy, if I may,

First scenario, when first order is initiated at ATR and this position moves to 161.8 (and does not move any further), you would cancel entry orders at 38.2 and 61.8 retracements ? Yes, that is correct.

Second scenario, if first order breaks ATR, then shows very little movement ie only breaks ATR by a few pips, say 10 or so, stalls before moving, then you would retain retracement orders for additional positions ? As long as the price remains below 161.8 level, we retain retracement orders.

I guess what I am asking is, how to detirmine what you consider as a break above the ATR before deleteing additional orders, for example, is it at 161.8 or is it any pull back before hitting 161.8 ? or can this be left to discretion ? If price hits 161.8, we assume trend is established and any retracement until 61.8 or 38.2 should be evaluated as a trend reversal, not just a retracement and we are not taking any additional risks by entry orders at 38.2 and 61.8. But, of course, you can modify this rule or you can use any discretion you want. Important thing for us is to write down the rules and apply them 100% mechanically as we are not fans of discretionary trading.

I have traded using the fibs for sometime, I am following this strategy with great interest.

Thanks for your contribution
  • #648
  • May 23, 2007 4:32am May 23, 2007 4:32am
Team Aphid,
Thank-you for your response, thanks for answering my questions

Much appreciated
Without women, money would have no meaning - Aristotle Onassis
  • #649
  • May 28, 2007 6:16pm May 28, 2007 6:16pm
Team Aphid,
This looks to me to be a good candidate for range bound trading with BAT. Do you confirm? I am using MIG demo for this picture.
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.jpg Size: 83 KB
  • #650
  • May 28, 2007 6:23pm May 28, 2007 6:23pm
Yes, it is a good example of range trading with BAT.


Quoting djudah
Team Aphid,
This looks to me to be a good candidate for range bound trading with BAT. Do you confirm? I am using MIG demo for this picture.
  • #651
  • May 30, 2007 4:02am May 30, 2007 4:02am
Hi There

I am new to all this and found the bat system to work for me. It seems that is was made for the GBP. Does it work for the other major pairs??

Many thanks.

Bates
  • #652
  • May 30, 2007 8:30am May 30, 2007 8:30am
Hey Bates,

Glad to find its working for you. same thing here...love it. it has had mixed performance last few trades but all systems go through that. It has not been tested on any other pair as of right now. if you were to backtest it, I would recommend something with very low levels of correlation with cable.
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  • #653
  • May 30, 2007 8:33am May 30, 2007 8:33am
Quoting zalakinc
Hey Bates,

Glad to find its working for you. same thing here...love it. it has had mixed performance last few trades but all systems go through that. It has not been tested on any other pair as of right now. if you were to backtest it, I would recommend something with very low levels of correlation with cable.
TeamAphid said they used it on GBP/USD, GBP/JPY and EUR/AUD.
  • #654
  • May 30, 2007 8:44am May 30, 2007 8:44am
Oh ok, my mistake then.
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  • #655
  • May 30, 2007 12:47pm May 30, 2007 12:47pm
Many thanks for the advice.

Bates.
  • #656
  • May 30, 2007 4:52pm May 30, 2007 4:52pm
Is anybody in the current trade on cable? it came wihtin like 2 pips of the red line twice...woohh! good one.
Attached Image (click to enlarge)
Click to Enlarge Name: pin bar example.jpg Size: 104 KB
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  • #657
  • May 30, 2007 10:21pm May 30, 2007 10:21pm
Hi All

I just try to learn this method... seems very very interesting one
Have some question :
1. What is the setting for bat lines (red and blue lines), because from pic that zalakinc send seems different from me.
2. From the pic that i send, the price get down from blue line but not cross blue line because the line already change to red. Is that valid entry or we need to price cross bat line?
3. I still confuse about TP level.... Can somebody explain to me?

Thx
Waiting for answers
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 82 KB
  • #658
  • May 30, 2007 11:12pm May 30, 2007 11:12pm
Ok lets go through it one by one.....

1 - may be your lines are different because your datafeed is different. what datafeed do you use? I use alpari which is preferred by teamaphid and several professional traders.

2 - Yes, the price did cross it thats why you dont see it anymore. whenever you see the blue line stopping to draw and red line appears, that means the cross did happen. Hope that makes sense. Lets take an example.

Lets say Blue bat line is at 1.9700 and current candle closed at 1.9705. so its still above blue bat line, the cross hasnt happend. now the next candle closes at 1.9694, so it did go through the blue line. On the graph, You will only see it when the close it lower than the blue line when it crossed it. if it crossed it but didnt close below the blue line, you will not see it on the graph. but just visualize that the line is there for one more bar. hope that makes sense.

3 Target profit level is nothing but the crossing of the other line. so lets say in teh example we are discussing...we entered short at 1.9700 where the cross happend. it keeps going down all teh way to 1.9600. so we are up 100 pips in unrealized profits, at that time the red bat line is at 1.9625. now...the next candle is a very strong positive candle and touches that red bat line and crosses it. You would have that trade closed at 1.9625. so your realized profit would be 75 pips. hope that makes sense.

HERE IS WHAT I DO EVERY 90 MINUTES TO MANAGE THIS STRATEGY EFFECTIVELY:

1 - Move my stop loss for the open trade if the bat line has moved

2 - Move my entry order for my next entry. so if you are currently in a short trade, you would enter long trade at the current bat line level. and you have keep updating that every hour to two hours to make sure you enter that trade even if you are sleeping.

3 - I set audible or sms alerts at the bat line. because once you enter at the bat line, you set your trade 2 and 3 entry points. that would be fibonnaci trades. hope this makes sense.

Quoting Hattrick
Hi All

I just try to learn this method... seems very very interesting one
Have some question :
1. What is the setting for bat lines (red and blue lines), because from pic that zalakinc send seems different from me.
2. From the pic that i send, the price get down from blue line but not cross blue line because the line already change to red. Is that valid entry or we need to price cross bat line?
3. I still confuse about TP level.... Can somebody explain to me?

Thx
Waiting for answers
Contact me for Custom Indicators/EAs.
  • #659
  • May 31, 2007 12:14am May 31, 2007 12:14am
I use alpari too
My setting for bat lines is :
Back period = 1000
ATR Period = 5
Factor = 4.0
Typical price = false
  • #660
  • May 31, 2007 12:19am May 31, 2007 12:19am
Quoting Hattrick
I use alpari too
My setting for bat lines is :
Back period = 1000
ATR Period = 5
Factor = 4.0
Typical price = false
Mine is

Back period = 50000 - Because i was trying to test starting 2004
ATR - 3
FActor - 3
Typical Price 0- False

it looks like team aphid recommends ATR period to be 5 and factor to 4. so you are right. I think what happend is I had to recently download a new metatrader. in that time, my settings might have reset. damn it, now I will have to check all my backtested data to make sure it was done with the correct settings.
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