The Bat...a strategy by Team Aphid

Hello Hattrick,

Thank you very much for this, I just realized I did a year worht of backtesting data on wrong settings!!! Although it did show consistent profits!!! so i guess what I need to do next is do a backtest with ATR 5 and Factor 4 and see how the results compare.

Quick question about ranging. Do we take a position each time one of our fibo numbers are hit if they have not been taken profit? In the picture, it shows price bouncing around the 61.8 level. Would we enter each time it is touched or would we wait for it to take profit before we re-enter on a retracement?

Wait for it to take profit before you enter again.

Thank you billbss. That is what I was thinking but I wanted to make sure first.

can this strategy be used on 4 hours time frame?

Its not intended for a 4H timeframe.

Hello everyone, just wanted to say hello and post. I have been following the bat and just finished the thread after about a week. Team Aphid thank you for your system and to the people posting, especially those who have read the documentation thank you for your insight. I realize that we still have not come up with a better exit strategy and even more difficult a mechanical strategy. While not exactly mechanical, I have recently tried using DeMark Trend lines as a way to out retraces especially when I am already up a decent amount in the trade. When the TDTL is broken, I exit and will reenter if the retrace turns. I also use a basic STOCH for this. I have to admit, I have only used it for the last weeks GBPUSD trades, but it worked well and I finished with two 125 pips trades and than a 250 Pipper, so I'm happy. Kept some pips off the table, on my plate. Just food for thought. Hope this thread stays alive. Much love to the entire FF, you guys have helped me immensly, even if some of you dont know. Good luck!

Hi all,

i have started fwd testing on a demo account this wk using BAT method. On top of that i using 1) price action - candlesticks and 2) RSI to determine my entry and exit. So far the results has been positive 43 and 72pips. Will update if there's more concrete results.

Cheers

Why are you adding things to the system? It's fine the way it is. You add things because you don't have enough faith in the system... so you keep adding and adding and adding until you have a screen full of stuff that makes you confused.

This system is fine without adding more indicators. You're doing yourself an injustice otherwise.

I couldn't agree more...
It's very generous system even if you get some loses during sideway moving markets.

There's a reason why TA has decided to offer signals now... Because, with discipline, this system is extremely profitable.

couldnt agree with you more! its a great great system. finally I am profitable for past 3 months consistently thanks to this system. fellow FF Members, if you do add RSI, or MACD or whatever, I have one suggestion. Please dont judge their effectiveness by 2 or 4 trades. backtest it for 6-12 monhts and compare the results to the backtest of original bat for the same time period. then make the decision. but I completely agree....the system is great the way it is. I dont really care about losses during choppy environment, i care about monthly performance. and in my 2 years of backtesting, 21 out of 24 months were positive. By the way, Teamaphid.com's signals are absolutely phenomenal. they also have about 83% months positive. think about it...when you combine teamaphid.com's signals with this system....probability of you haveing a negative month almost goes down to zero.

Hello Friends,

does any metatrader Guru know how to set an alert for like when bat line reaches a specific point....any suggestions?

Hi Zalakinc,

Try the Bat alert as developed by accrete. Refer to Page 5 post 72

Happy trading,

Hani

Hi Bat traders.

Did anybody entered to short trade on GBP/USD today???
Cross was around @1.9901 (RFXT)

The price hit Stop Loss...

New trade @1.951 long on GBP/USD

hi, i am new to this topic, on the indicator from front page, the atr was 3 period , factor 3, so we need to change it to 5 ,4 am i right?

can also recommend me 3 pairs to trade?

You are correct on the change of settings to ATRPeriod 5 and Factor 4.

I believe TA has indicated they are trading BAT on the GBP/USD, GBP/JPY, and EUR/AUD.

Hello Team Aphid!

Wow! Just finished reading this thread and it is very impressive what you folks have done here! Just wanted to add my thanks to you as well.

In my study of your system, I noticed something which may fall into the category of "If it ain't broke, don't FIX it!" or perhaps a splitting of hairs, but here goes....

I notice that in your instructional PDF on post #35, you say to label the fibo levels as follows:

LEVEL 0.000 - Description: "Swing"
LEVEL 0.382 - Description: "38.2 - 2 lots"
LEVEL 0.618 - Description: "61.8 - 1 lot"
LEVEL 1.000 - Description: "Enter - 1 lot"
LEVEL 1.618 - Description: "161.8"

Please correct me if I am wrong, but I do not believe this Fibo label setup is correct. It appears to me that your Fibo retracements are displayed backwards. The retrace levels of 38.2 and 61.8 should be shown as a percent of the total price move from SWING to ENTRY (BAT line break). Logically then, shouldn't a 38.2% retrace occur before a 61.8% retrace? The way you currently show them puts a 61.8% retrace AHEAD of a 38.2% retrace which I do not believe is correct or logical.

Unless I am missing something and am totally off-base, then I suggest the following labels and changes to drawing the Fibos:

LEVEL 0.000 - Description: "Enter - 1 lot"
LEVEL 0.382 - Description: "38.2 - 2 lots"
LEVEL 0.618 - Description: "61.8 - 1 lot"
LEVEL 1.000 - Description: "Swing"
LEVEL -0.618 - Description: "-61.8"

The "Swing" needs to be at level 1.000 because if price retraced back to that level, it would represent a 100% Fibo retrace. The touch of the BAT line (trade #1 entry) should be at the 0.000 level. Also, you show level 1.618 which I believe should instead be level -0.618 (but should be labeled +61.8%) which represents an ADVANCE of 61.8% past the entry point in the desired direction of the trade. The final thing should be to make sure to always draw the Fibos starting from the SWING point and move up or down to the ENTRY point. This will ensure that your fibo retracements are always displayed in the correct direction.

Again, this may seem irrelevant or like "splitting hairs" to some and if the current method of labeling is working for you, then don't change anything. I just wanted everyone to be on the same page with the Fibo's and again, if I have missed something, then please feel free to correct MY logic.

Assuming that I am correct with this, I wonder what effect it may have on backtesting results, if any?

Thanks again TA for allowing us to use THE BAT! I hope to start demo trading it this Monday.

P.S. I've attached a couple of charts to show what I'm speaking about.