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Supernova System Journal

  • #1
  • First Post: Edited Nov 11, 2007 10:25am Sep 2, 2007 5:27pm | Edited Nov 11, 2007 10:25am
This is an attempt to log live trades based on cryten’s Supernova system. For system details, see http://www.forexfactory.com/showthread.php?t=44216

Edited oct 1, 2007: Boys and girls, don't get discouraged by my first results hehehe. (It gets better with time.) Or you might want to skip a few pages and jump to post #70 (page 5) that's when the bots came into my life

Edited oct 13, 2007:

For those of you new to this thread, please be assured that everyone here participating in this thread is very generous of their time, tricks, tests, ideas, etc. and we are very happy to answer relevant questions at all times.

BUT do not ask questions which have already been extensively answered, such as:
- what pairs work best ?
- what time frame do you use ?
- what is the setting for x,y,z indicator ?
- what version of the ea are you using ?
- etc.

I will update ON THIS PAGE the post which contains the most up to date table of Optimal Settings, should you wish to not read the whole thread and go directly there (I suggest you read the whole thread, however, it’s not that long, and will give you an idea of what we’re trying to accomplish).

I will also update the version of the ea I use if ever I upgrade.

If your question is directed at other members, they are free of course to answer your questions or not (and use the magic word or not).

Note the magic word of the day: NATCHOS. This word will frequently change. I use it to filter the people who haven’t read this page.

Optimal settings tables are currently being revised.
For latest version of EA and indicators, see main thread.

Here is my first trade:
http://i3.tinypic.com/53hskn8.jpg
  • #2
  • Sep 2, 2007 5:31pm Sep 2, 2007 5:31pm
At 18:29 Adjusted SL (breakeven +1) to 233.67 (price is up 15 pips @ 233.81)
  • #3
  • Sep 2, 2007 5:47pm Sep 2, 2007 5:47pm
Picture

http://i1.tinypic.com/6hhu042.jpg
  • #4
  • Sep 2, 2007 5:51pm Sep 2, 2007 5:51pm
18:49 Price is + 20 pips from entry @ 233.86
Moved SL to 233.71 +5 pips
  • #5
  • Sep 2, 2007 5:55pm Sep 2, 2007 5:55pm
Picture
http://i10.tinypic.com/6fkjjfo.jpg
  • #6
  • Sep 2, 2007 6:15pm Sep 2, 2007 6:15pm
Hehehe. Sure enough, I was in the kitchen preparing a sandwich. And I start hearing THE ALERT. Rush back here and there it is BADABOUM !

Well I've got 5 pips out of this one anyway. Look Ma! I made some pips!

http://i1.tinypic.com/2qjzyah.jpg



http://i2.tinypic.com/6892yh0.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: sept 2 2007 pic 3.jpg Size: 12 KB
  • #7
  • Sep 2, 2007 6:25pm Sep 2, 2007 6:25pm
Too bad I didn't enter in the other direction, look where it's at now.

Who said Sundays were dull lol?
Attached Image
  • #8
  • Sep 2, 2007 7:03pm Sep 2, 2007 7:03pm
Too bad I didn't enter in the other direction, look where it's at now.

Who said Sunday's were dull lol?
  • #9
  • Sep 2, 2007 7:05pm Sep 2, 2007 7:05pm
Ooops need to attach file. Looks like spaghetti dripping onto the floor

http://i16.tinypic.com/4lj7p6a.jpg
  • #10
  • Edited 7:37pm Sep 2, 2007 7:33pm | Edited 7:37pm
Hi qpip,

Fantastic idea about starting up a journal.

$$ in your pocket are always a good way to start the week!!!

Firstly a suggestion, since you are moving your sl frequently in the inital stages, have you had a look at the managetp EA. The version 3.1 has quite some good features, and you can make it close partial lots, move the sl once in a certain number of pips profit etc. Not sure if you have had a look at it, but it maybe worthwhile experimenting.

Secondly, so that I think I understand the system, would the 4th or 5th bar from the red dot not be an entry point as well? If it is, then is there a reason you did not take it (apart from the fact you might have been too busy enjoying your sandwich!!)

Happy pipping.

Regards,
K.
  • #11
  • Sep 2, 2007 7:58pm Sep 2, 2007 7:58pm
http://i2.tinypic.com/6433a74.jpg

http://i6.tinypic.com/5y7i1bk.jpg

http://i14.tinypic.com/673rpnb.jpg

I need to either (1) review those SL's or wait for confirmation.
  • #12
  • Sep 2, 2007 8:03pm Sep 2, 2007 8:03pm
Quoting kermut
Hi qpip,

Fantastic idea about starting up a journal.

$$ in your pocket are always a good way to start the week!!!

Firstly a suggestion, since you are moving your sl frequently in the inital stages, have you had a look at the managetp EA. The version 3.1 has quite some good features, and you can make it close partial lots, move the sl once in a certain number of pips profit etc. Not sure if you have had a look at it, but it maybe worthwhile experimenting.

Secondly, so that I think I understand the system, would the 4th or 5th bar from the red dot not be an entry point as well? If it is, then is there a reason you did not take it (apart from the fact you might have been too busy enjoying your sandwich!!)

Happy pipping.

Regards,
K.
Hi K,

Yup technically I would have entered short. Except I was too busy making screenshots, copying, pasting, uploading, answering pms, posting in the forum LOL --- and YES eating my sandwich too.

However, as you can see with my second trade, that time I was a bit too quick. I'll calculate the pip loss and report back in a sec.

thanks for the EA, yes I did see it and am interested but unfortunately for me (and you too) there's only 24 hours in the DAY !!! (I'll get to it soon though, thanks again)
  • #13
  • Sep 2, 2007 8:11pm Sep 2, 2007 8:11pm
Hi Q,

just thought I'd drop by to see how you're doin' and say...'hi'.
Excellent idea on the journal and I can see how busy you are so I'd better bugger off so's not to distract ya. Keep it up gal
Bye for now
  • #14
  • Sep 2, 2007 8:14pm Sep 2, 2007 8:14pm
From my backtesting, that doesn't happen often (alert + cross which reverse after a few candles). Extremely rare.

However, it did this time, so that's life.

I'm now down 16 pips (+ spread) on 2 standard lots, which comes out to -276.56

That's ok. It's part of the system. Others have suffered greater losses ! (and so have I).

Do I attribute this to not having set a correct SL, not having waited for confirmation by the 2 other indicators, or to the fact that this is Sunday? (or none of the above, it's just bad luck?? lol) Time will tell.

Now, back to the charts (and of course the price is now back up, of course, of course)
  • #15
  • Sep 2, 2007 8:16pm Sep 2, 2007 8:16pm
Quoting Acko
Hi Q,

just thought I'd drop by to see how you're doin' and say...'hi'.
Excellent idea on the journal and I can see how busy you are so I'd better bugger off so's not to distract ya. Keep it up gal
Bye for now
Hey Acko -> the guy with the sexiest "under Av" (still dunno what those are called - upsignatures?)

Always welcome to drop by!
  • #16
  • Sep 2, 2007 8:19pm Sep 2, 2007 8:19pm
It's called a "user title" there we go, another thing cleared up!

Every day, something gets solved! (and everyday another bug comes along lol)
  • #17
  • Sep 2, 2007 8:34pm Sep 2, 2007 8:34pm
Hi qpip,

Realise you are busy busy with trading and journaling. so have attached the managetp here. When you use it for the first time, just configure your settings, and then save them. So next time all u have to do is open that file and ur pre-set settings are done, no need to enter them again.

Another thing, you might have skipped the ff calender for today. I have found it to be very very useful when to stay out. There is jpy news about now, so could be the reason for the whipsaw!!
Attached File(s)
File Type: ex4 managetpv34.ex4   7 KB | 617 downloads
File Type: mq4 managetpv34.mq4   6 KB | 632 downloads
  • #18
  • Sep 2, 2007 8:46pm Sep 2, 2007 8:46pm
Here we go again.

All the indicators line up. See other notes below. Lower green line is my entry, upper is breakeven. SL is the red line.

http://i7.tinypic.com/6fke0dc.jpg

http://i8.tinypic.com/53ucrpx.jpg
  • #19
  • Sep 2, 2007 8:49pm Sep 2, 2007 8:49pm
Quoting kermut
Hi qpip,

Realise you are busy busy with trading and journaling. so have attached the managetp here. When you use it for the first time, just configure your settings, and then save them. So next time all u have to do is open that file and ur pre-set settings are done, no need to enter them again.

Another thing, you might have skipped the ff calender for today. I have found it to be very very useful when to stay out. There is jpy news about now, so could be the reason for the whipsaw!!
Kermutt, you're so nice !! Thanks a zillion.

But WHAT NEWS??!!?? I made a note of news tomorrow evening at 19:01 and 19:50 EST but not TONIGHT lol and I'm just in a new trade. GASP!
  • #20
  • Sep 2, 2007 9:09pm Sep 2, 2007 9:09pm
Price is snoozing away in my face. My eyes hurt, I’ve been glued to the screen for over 6 hours. Should go do something constructive like have a look at what’s in the fridge or clip my nails or something, but I can’t. Let alone go take a walk to clear my head, go take a soothing bath to calm my body or watch some tv to ? (...)

I need to deal with these feelings and find a solution. I now have a trauma (!) that when I leave, I’ll hear the dreaded ALERT (happenend earlier) and then BADABOUM! all heck breaks loose.

How can I calm down? Classical music maybe? Drink myself to death and not care? Write up my thoughts in this forum? Hmmmm.

If I can’t find a solution to this, I won’t make it to “one-year-old Forex Trader”. Probably not even one month.

OK let’s go have a look at the chart, it’s been THREE MINUTES already.

Not too bad. Not too bad at all. We’ve cleared breakeven (finally). Now I need to think about the SL (we’re at 233.56 which is 16 pips from entry or in my case (spread etc) 103.62$.

I can pocket that or ........ ok ok . All indicators are still in sync. no need to liquidate.

Where’s my classical music ?
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