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Supernova GBP/JPY Mini Trend Catcher

  • #121
  • Aug 27, 2007 3:02pm Aug 27, 2007 3:02pm
Quoting cryten
yeah I see long entries on all but CAD/JPY (momentum has not crossed yet)
I'm not going to place any trades as it's bank holiday in the uk and I'm usually at work at this time so havn't been able to gage the price action around this time.
Today from morning to midnight I made 15 trade using the four pairs in my demo account which I able to gain 516$. My success ratio is 66.66%.

So I hope your system will bring good result as we gain experience. Thank you Cryten for you simple system. Once I gain good experience then I will be trading in live account.
  • #122
  • Aug 27, 2007 3:25pm Aug 27, 2007 3:25pm
Quoting ar1002
Today from morning to midnight I made 15 trade using the four pairs in my demo account which I able to gain 516$. My success ratio is 66.66%.

So I hope your system will bring good result as we gain experience. Thank you Cryten for you simple system. Once I gain good experience then I will be trading in live account.
Awesome start
keep on demo till you build your confidence, keep the losses small and let the winners run but you knew that already
  • #123
  • Aug 27, 2007 3:48pm Aug 27, 2007 3:48pm
For everyone trying this on MT4.

I downloaded Vtrader today and this looks completely different on Vtrader than it does on MT4.

I recommend doing it with Vtrader and placing your orders with MT4.
  • #124
  • Aug 27, 2007 4:05pm Aug 27, 2007 4:05pm
Hi there i wonder a bit now. I imported settings to VT. Works fine, but. I want add this to some other pairs, i found right click on chart and Trading system Quicklist. But when I aplly QQE it applies only dots, but no other indicators are seen.
  • #125
  • Aug 27, 2007 4:09pm Aug 27, 2007 4:09pm
You must be loading my personal version, I took out the indicator output to just show the dots. Just clone the chart that you already have ( see the pic)

QQE is just the dots
QQE_Alerts are the dots as well as indicator output
Attached Image
  • #126
  • Aug 27, 2007 4:17pm Aug 27, 2007 4:17pm
I wonder is there Trailing Stop in VT
  • #127
  • Aug 27, 2007 4:28pm Aug 27, 2007 4:28pm
yeah you have to add it as a trading system. I have never used it though. Like in oanda you can manually move the stop by clicking and dragging the stop line up or down on the chart
  • #128
  • Aug 27, 2007 4:30pm Aug 27, 2007 4:30pm
can someone please post Directional Movement Index indicator for MT4 I don't have it in my platform, please.
  • #129
  • Aug 27, 2007 4:32pm Aug 27, 2007 4:32pm
Quoting Abouelzelouf
can someone please post Directional Movement Index indicator for MT4 I don't have it in my platform, please.
You have it.

Its called Average Directional Movement Index.

It's a default indicator.

Set it to 14 and make the solid line "none" color.
  • #130
  • Aug 27, 2007 4:37pm Aug 27, 2007 4:37pm
Quoting billbss
You have it.

Its called Average Directional Movement Index.

It's a default indicator.

Set it to 14 and make the solid line "none" color.
Thank you
got it.
  • #131
  • Aug 27, 2007 4:46pm Aug 27, 2007 4:46pm
Quoting billbss
You have it.

Its called Average Directional Movement Index.

It's a default indicator.

Set it to 14 and make the solid line "none" color.
thanks bill
  • #132
  • Aug 27, 2007 4:51pm Aug 27, 2007 4:51pm
righto I'm gonna watch a movie now, either "next" or "sunshine"

Gotta love the sci fi
  • #133
  • Aug 27, 2007 4:57pm Aug 27, 2007 4:57pm
Quote:
Originally Posted by jolimoney http://www.forexfactory.com/images/buttons/viewpost.gif
Cryte....

What indicator is the small dots showned at your chart?

I first tought it was QQE Alert set to period 1 so i downloaded it and attached it to my chart but the QQE just showed 2 lines doing som crossover.

I really like dots and arrows so if you could tell me what indicator it is i would appriciate it.

/ JoLi

Quoting cryten
This is the QQE, when the lines cross a dot is formed. Are you using the vtrader one that I posted QQE_Alert? as far as I know the QQE for Mt4 does not have a dots.
I'm a bit confused about that one. I inserted a second QQE as a lower indicator (middle indicator in the pic) and placed vertical lines exactly where there were crosses. These don't match up at all with the dots. See below.
Attached Image (click to enlarge)
Click to Enlarge Name: QQE crossings.jpg Size: 79 KB
  • #134
  • Aug 27, 2007 5:01pm Aug 27, 2007 5:01pm
Quoting billbss
Sounds great.
For backtesting you need a set of purely mechanical rules.
Can you outline the ones you used?
Thanks a million.
Hi Bill,

See posts #46 and #47 on page 4 .
  • #135
  • Aug 27, 2007 5:02pm Aug 27, 2007 5:02pm
Quoting pipcruiser
Hey Qpip,

nice results, but what pair/pairs?

Thank's

PC
Hi Pipcruiser,

Sorry about that. The tests were done on GBPJPY.
  • #136
  • Aug 27, 2007 5:15pm Aug 27, 2007 5:15pm
Thank's buddy

PC

Quoting Qpip
Hi Pipcruiser,

Sorry about that. The tests were done on GBPJPY.
Less is more...
  • #137
  • Aug 27, 2007 5:27pm Aug 27, 2007 5:27pm
Just for the record. I got up this morning (EST time) all excited about trying out the system “live on demo” (as opposed to backtesting, that is) got in front of my screen, eyes barely open, brain barely functioning, coffee not even 1 sip taken yet, I launch VT and my speakers were on from last night, anyway all of a sudden BEEEEEEEEEP ! goes the alarm, I almost fell from my chair, didn’t know there was a auditive BEEP with the alarm LOL almost had an attack (turn your speakers down, friends, this thing beeps and beeps and RE-beeps).

So what do I do? I BLINDLY enter a 1st trade (which crashes), then a 2nd (which crashes), then a 3rd (which...... well by that time I was scratching my head, thinking “What the &$”!!*$&*&%........This worked fine with backtests, what’s going on???”

(This was GBPJPY, btw.)

Then (duh) I find out there’s a holiday in the UK (tap on forehead, with vigour -> look at the ECONOMIC CALENDAR first before placing dumb trades).

I studied the rest of the system (not just ENTRY ON DOT) and by no means should I have taken these trades had I followed the rules.

I then took 2 positive trades (+13 and +2 ) and am still in one right now (+50 pips and counting).

The bad news is I go back to work tomorrow after 3 weeks vacation. Ma! No, please say it aint so....................

Happy trading to all,
  • #138
  • Aug 27, 2007 5:39pm Aug 27, 2007 5:39pm
Quoting ar1002
You said that no arrow is formed, but here I am getting arrows formed on my chart, but it is not everytime when a blue or pink dot is formed. I don't have an idea about that. I don't know how to copy and paste the chart here. I am doing it in VT.
Hi ar1002,

See picture below. When you post a reply, scroll to the bottom of your screen and click on MANAGE ATTACHMENTS. Then browse your computer to where you saved your screenshot or picture or whatever and the click UPLOAD.

Hope this helps,

(nb if this doesn't work, there's an alternative, albeit a bit more complicated, way of inserting flies)
  • #139
  • Aug 27, 2007 5:42pm Aug 27, 2007 5:42pm
Quoting Qpip
Hi ar1002,

(nb if this doesn't work, there's an alternative, albeit a bit more complicated, way of inserting flies)
Of course, I meant files, not flies (dunno how to insert insects hehe).

Anyway, for those interested, you need to go to tinypic and follow the instructions (very easy):

http://tinypic.com/

(sorry for quoting myself, my problem is I don,t know how to edit a message)
  • #140
  • Aug 27, 2007 5:48pm Aug 27, 2007 5:48pm
Quoting billbss
For everyone trying this on MT4.

I downloaded Vtrader today and this looks completely different on Vtrader than it does on MT4.

I recommend doing it with Vtrader and placing your orders with MT4.
Yes strangely, there's a completely different formula used to calculate Momentum indicator on VT than on Metatrader version.
Version attached in the supernova_mql.zip file (named MomentumVT.mq4) is the conversion from VT and now seems to follow the behaviour of VT one.
T3 and QQE indicators posted early in this thread seems to be correct too.

Happy pips

Skyline
Attached File(s)
File Type: zip Supernova_mql.zip   15 KB | 1,582 downloads
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