.SI4 for GBP/JPY & EUR/JPY | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

If you buy gbp/usd and sell eur/usd, is that the same as being short eur/gbp? 1 reply

Attachments: .SI4 for GBP/JPY & EUR/JPY
Exit Attachments

.SI4 for GBP/JPY & EUR/JPY

  • #41
  • Sep 1, 2007 4:56pm Sep 1, 2007 4:56pm
Quoting THE FxORCE
Mudd,
Your chart is awsome! The volatility stop is too accurate. Here is an image of the NRTR for MT4. It's not as accurate as what you show but perhaps it will assist in creating the MT4 version.
Do any of your indicators repaint? The accuracy of your chart is going to make me lose sleep.
Well, I'm not quote sure what you mean by repaint, but if I've guessed correctly you mean kinda, "After the fact".

This system triggers at the bars close. That's part of what makes it so successful. A lot of times the price will come to the volatility line, sometimes cross but not close and then move on to profit. An instant trigger would have closed out and missed the profit as price was penetrating and rebounding due to stops or anything else that may make price action bouncy. The painting of the bars is not really part of the process, just eye candy to help show position, i.e. LONG, SHORT, FLAT, at a quick glance.

If that doesn't answer you question let me know....but walk me through more of what you mean.
Capital Preservation is key to long term wealth accumulation
  • #42
  • Sep 1, 2007 5:00pm Sep 1, 2007 5:00pm
Quoting MuddBuddha
Also, I didn't invent this system. It's not even really a system at all. It's just an indicator that I kept playing with over and over trying different ideas until I was able to get it around 55% successful.
Do you know if there's any chance in FT platform to get the formula from indicator? I downloaded FT just to check by myself but my account isn't yet activated , so I cannot verify directly. If I get the indicator formula I can try to code something for mt4 otherwise it will be impossible to do any conversion.
  • #43
  • Sep 1, 2007 5:05pm Sep 1, 2007 5:05pm
Quoting EATrader
Hello MuddBuddha,

Thank you for sending the Trend Chaser FX files. I'm confused about something I read in the ReadMe file. You listed that
Trend Chaser FX: Use of EUR/JPY and GBP/JPY on the 30-150-D chart

but then you put

GBP/JPY: Use on the 60-300-D chart
EUR/JPY: Use on the 60-300-D chart

Which chart is it for GBP/JPY? Is it 30-150-D chart or 60-300-D chart?

Please explain. Thanks.
Kim
No, the GBP/JPY and EUR/JPY listed were seperate, previous versions of the Trend Chaser SI4. You want to use it on the 30-150-D. I just included the others in the zip file in case someone wanted to play around with them. I'm going to post this on FF thread as it may come up again.
Capital Preservation is key to long term wealth accumulation
  • #44
  • Sep 1, 2007 5:09pm Sep 1, 2007 5:09pm
Quoting skyline
Do you know if there's any chance in FT platform to get the formula from indicator? I downloaded FT just to check by myself but my account isn't yet activated , so I cannot verify directly. If I get the indicator formula I can try to code something for mt4 otherwise it will be impossible to do any conversion.
FT SRV is all graphically based which makes it quite different than others where as there is no direct coding. You select values and trade types from drop down menus. I can see only the period type and CONST value. There are some scaling values and what not, but nothing that would give away the true equation. I'll see what I can find on Google.

BTW, don't confuse it with the volatility stop. That's actually a seperate indicator in FT.
Capital Preservation is key to long term wealth accumulation
  • #45
  • Sep 1, 2007 5:29pm Sep 1, 2007 5:29pm
Here are a couple of screenshots.

The first is the setting that should be present for the volatility indicator; if it isn't, please change it promptly.

The second is the profit/loss chart for the last 51 trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Profit & Loss Chart.jpg Size: 40 KB
Attached Image
Capital Preservation is key to long term wealth accumulation
  • #46
  • Sep 1, 2007 5:38pm Sep 1, 2007 5:38pm
Quoting MuddBuddha
FT SRV is all graphically based which makes it quite different than others where as there is no direct coding. You select values and trade types from drop down menus. I can see only the period type and CONST value. There are some scaling values and what not, but nothing that would give away the true equation. I'll see what I can find on Google.

BTW, don't confuse it with the volatility stop. That's actually a seperate indicator in FT.
Ohh ok MuddBuddha, so I guess there's no chance to convert into metatrader
  • #47
  • Edited 7:52pm Sep 1, 2007 7:36pm | Edited 7:52pm
I've been using FT for awhile. And I still can't figure out how you're getting FT to close EOD at 5PM EST. I've tried changing exchange time, trading times, you name it -- It still closes EOD at the 23:30 bar...

The only way to prevent this in FT is to set your trading times to a non-24 hour market.

So I'm interested in how you're doing it... I might just go ahead and email Carlos..
Mr. Trend
  • #48
  • Sep 1, 2007 8:05pm Sep 1, 2007 8:05pm
I stuck it and a screenshot on the first post of the thread.

Make sure the system setting is .005 after you have applied it to the 30-150-D chart. You'll find it by right clicking the system name in the upper left corner and select EDIT. Double click the trailing volatility indicator and check the setting for .005. Default is .004, but during volatile movement it trails too closely and will get stopped out too quickly.
Capital Preservation is key to long term wealth accumulation
  • #49
  • Sep 1, 2007 8:17pm Sep 1, 2007 8:17pm
Quoting Mr Trend
I've been using FT for awhile. And I still can't figure out how you're getting FT to close EOD at 5PM EST. I've tried changing exchange time, trading times, you name it -- It still closes EOD at the 23:30 bar...

The only way to prevent this in FT is to set your trading times to a non-24 hour market.

So I'm interested in how you're doing it... I might just go ahead and email Carlos..
These actually close for me at 19:30 EST, Monday thru Thursday - 5:00 on Fridays. If you use the exchange times under the symbol set up, it doesn't quite work the same. Use the EOD option in the systems OPTION screen.
Capital Preservation is key to long term wealth accumulation
  • #50
  • Sep 1, 2007 8:21pm Sep 1, 2007 8:21pm
Mudd,

Have you backtested this "system"?

It's possible that you could simply be experiencing a very good run right now; one that simply cannot sustain itself in the future (or has not in the past for that matter).

But knowing you, I'm sure you've dotted your i's and crossed your t's.

Thanks
  • #51
  • Sep 1, 2007 8:32pm Sep 1, 2007 8:32pm
Well, the only requirement of the system is volatility. Every pair climbs and falls. That's the nature of the market. Especially in the current trend of feeding on low volatility to maximize vesting potential.
The system doesn't do anything special other than trail that volatility for however long it can prior to the reversal. How that can be a short lived effect....I'm not really sure.
I personally don't believe that every system fails. I do, however, believe that every trader fails. Seeing the state of the market and trading accordingly is part of the game. If a system that needs high volatility is failing in low volatility over a prolonged period, then it needs adjusted, not abandoned. In the case of this system, you would need to only adjust the indicator parameter down to somewhere from .002 to .004.

I think you'll find the market will increase in volatility as more and more traders learn that markets are easily swayed in low volume.

No, I haven't acktested it for any prolonged period.
Capital Preservation is key to long term wealth accumulation
  • #52
  • Sep 1, 2007 8:39pm Sep 1, 2007 8:39pm
Quoting MuddBuddha
I personally don't believe that every system fails. I do, however, believe that every trader fails. Seeing the state of the market and trading accordingly is part of the game. If a system that needs high volatility is failing in low volatility over a prolonged period, then it needs adjusted, not abandoned. In the case of this system, you would need to only adjust the indicator parameter down to somewhere from .002 to .004.
And that's just it, Mudd. It's the good ole' problem that's inherent in every system -- you never know you're in a range until it's too late. Heck, if we could all find the magic choppy indicator, we'd all be rich... (well maybe not... some traders would still lose... but you get my point I'm sure...)
Mr. Trend
  • #53
  • Sep 1, 2007 8:42pm Sep 1, 2007 8:42pm
Quoting MuddBuddha
These actually close for me at 19:30 EST, Monday thru Thursday - 5:00 on Fridays. If you use the exchange times under the symbol set up, it doesn't quite work the same. Use the EOD option in the systems OPTION screen.
I did. It still closes at 23:30...This would be easy on my futures markets... not so on Forex since it's 24 hours and there's no "EOD"... That's why it closes at 23:30. Why yours closes at 19:30 is beyond me. My exchange times are -7 on FOREX, and I'm -3 from EST.

I also get worse results than you. Very good, but my percentage is lower. Around 46-48%... which is still very good for this system (this is much like the TeamAphid BAT system)...
Mr. Trend
  • #54
  • Sep 1, 2007 8:48pm Sep 1, 2007 8:48pm
Ok, I know what the problem is...

It closes at 23:30 EXCHANGE time, which is:

23:30 - 7 = 16:30 my time... OR

19:30 EST...

Hey, I haven't started drinking yet... sue me.

But my results are still worse than yours... so I don't know what the heck is up with that.
Mr. Trend
  • #55
  • Sep 1, 2007 8:52pm Sep 1, 2007 8:52pm
As you can see, if you started using this in 2005, you'd drop it after the first drawdown... well most people would. And I would put money on the fact that it doesn't backtest well before that...

Of course, you can see where 2007 starts...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 75 KB
Mr. Trend
  • #56
  • Sep 1, 2007 8:57pm Sep 1, 2007 8:57pm
Here's the NO CLOSE EOD version -- which I prefer when trading stop and reverse systems...

Notice that in early 2005, you actually go negative. That's scary. But overall, it's very good.

I plan to look at this with some stop losses and whatnot to see if we can minimize the drawdowns... but other than that, I like this better.

Once again, S&R systems with no close EOD is all dependent on your risk tolerance.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy2.jpg Size: 86 KB
Mr. Trend
  • #57
  • Sep 1, 2007 9:21pm Sep 1, 2007 9:21pm
What if we add a stop based on the last 55 periods of hi/lo? (Note: FT's Trailing checkmark is broken. In order for it to trail, the hi/lo Trailing setting must be unchecked)

The results are pretty much the same -- DD is a tad larger, but overall, you end up with about 20K more...and a slightly better curve.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy3.jpg Size: 138 KB
Mr. Trend
  • #58
  • Sep 1, 2007 10:50pm Sep 1, 2007 10:50pm
Looking at the charts it looks like if you used a true stop and reverse in this pair you would have 2614 pips august 8-31st, and if you used EOD it was 2065 pips. But I'll try Muddbuddha's set up. You cant argue with results like his.
  • #59
  • Sep 2, 2007 12:21am Sep 2, 2007 12:21am
now if I go to system highlight the system we use, and then go to edit, it asks for a password. How do I get all the settings to display like you have in these screen shots? Also, how do I setup the email alert thing?

Quoting MuddBuddha
Here are a couple of screenshots.

The first is the setting that should be present for the volatility indicator; if it isn't, please change it promptly.

The second is the profit/loss chart for the last 51 trades.
  • #60
  • Sep 2, 2007 9:32am Sep 2, 2007 9:32am
Quoting mcmep11
now if I go to system highlight the system we use, and then go to edit, it asks for a password. How do I get all the settings to display like you have in these screen shots? Also, how do I setup the email alert thing?
431.277173
Capital Preservation is key to long term wealth accumulation
1 trader viewing now