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.SI4 for GBP/JPY & EUR/JPY

  • #121
  • Sep 4, 2007 9:32am Sep 4, 2007 9:32am
Quoting lepiricus
I am really digging this platform, even though I know very little about it. Is there a FT SRV forum or some other idea exchanging place for this platform? It is very powerful stuff, you can literally create systems in a couple minutes and check how they do. When I get home from work I'll try to get something put together for the cable.
There is a FT user group on Yahoo.
Capital Preservation is key to long term wealth accumulation
  • #122
  • Sep 4, 2007 9:42am Sep 4, 2007 9:42am
I must be a moron but I cannot get the email alerts to function.

Can someone kindly post a walkthrough of how to set it up.

Mudd's post on this topic is not clear to me.

Thanks
  • #123
  • Sep 4, 2007 10:42am Sep 4, 2007 10:42am
I would have assumed that the fib trader program would have used the actual price, not the averaged (heiken ashi) in the backtest - I will have to take a look at this as if it doesn't that is a major flaw in the program. With HA it's not normally the price you are interested in, just the change of colour to signify end or start of a trend - as long as the backtest positions exit with the REAL price then it should be accurate.

I hope this thing isn't as buggy as MT4 with it's EA backtesting .. that thing's a piece of shite.

D.


Quoting Mr Trend
Been there, done that. Look at the opening of the heiken-ashi bar and then look at the actual open of the bar. Big difference. That's because HA bars are an average of the open. So your results would be totally flawed.
  • #124
  • Sep 4, 2007 11:51am Sep 4, 2007 11:51am
Quoting Daemien
I would have assumed that the fib trader program would have used the actual price, not the averaged (heiken ashi) in the backtest - I will have to take a look at this as if it doesn't that is a major flaw in the program.
No, it's not a flaw. It's actually the correct way of showing Heiken-Ashi. You're just used to MT, which requires an indicator just to show those bars, which is a bastardized way of doing things.

If you go look up the definition of Heiken-Ashi, you'll see that any program that does show it like FT does, is actually correct.

MT is a good program for the cost (free) and for those who are starting out in trading, but to be quite honest, it's a piece of crap. Check out Neoticker, eSignal, Tradestation, Ensign, and FT. Those are the guns that have been around awhile and have stood the test of time. (Neo is a little new, but it rocks.)
Mr. Trend
  • #125
  • Sep 4, 2007 12:29pm Sep 4, 2007 12:29pm
Here's how I get email and cell alerts for anyone that doesnt know how.

First I signed up a email account with bluebottle
then fill the fields as such,

SMTP Server: mail.bluebottle.com
Sender name: mudd signals
Sender Email: [email protected]
Recipient Name: Whatever
Recipient Email: [email protected]
cc: [email protected]

Turn use authentication on:
username:[email protected]
password: whatever your bluebottle password is.


This way you get a email and a cell alert, you can obviously
have no email and just cell alert by putting the cell number in the
recipient email field.

hope that helps anyone that can't figure it out.
  • #126
  • Edited 2:50pm Sep 4, 2007 1:10pm | Edited 2:50pm
Yes I do understand how Heiken Ashi works - as I said before, however, I would assume that any program that backtests a given system would use the real price for entries & exits; just like we do when trading.

D.

Edit: I took a good luck and it looks like it does trade on the HA averages, not the actual price. Thanks a bunch for pointing this out Mr. Trend!

Quoting Mr Trend
No, it's not a flaw. It's actually the correct way of showing Heiken-Ashi. You're just used to MT, which requires an indicator just to show those bars, which is a bastardized way of doing things.

If you go look up the definition of Heiken-Ashi, you'll see that any program that does show it like FT does, is actually correct.

MT is a good program for the cost (free) and for those who are starting out in trading, but to be quite honest, it's a piece of crap. Check out Neoticker, eSignal, Tradestation, Ensign, and FT. Those are the guns that have been around awhile and have stood the test of time. (Neo is a little new, but it rocks.)
  • #127
  • Edited 3:11pm Sep 4, 2007 2:58pm | Edited 3:11pm
I love the Fib Trader platform!!!

I am still playing with this system and found a great add-on! Max consecutive drawdown is 689 pips (over 6 losses). Total profit of 7542 pips from 162 total trades over a two year period. Heiken Ashi is NOT used

Performance Results for GBP/JPY 240- D- W System Trend Chaser FX - Modified 2 Indicators
From 03/07/2005 20:00 to 04/09/2007 16:00

Gross Profit 139.65
Gross Loss -64.23
Net 75.42
Profit Factor 2.17

Total Trades 162.00
Total Winning Trades 79.00
Total Losing Trades 83.00
Average Points per Trade 0.47
Percent Profitable 48.77

Largest Winning Trade 8.29
Largest Losing Trade -2.55
Average Winning Trade 1.77
Average Losing Trade -0.77
Ratio Average Win/Average Loss 2.28
Average Trade 1.26

Max Consecutive Winners 7.00
Max Consecutive Profit 21.13
Max Consecutive Losers 6.00
Max Consecutive Draw Down -6.89

Maximum Open Interest 1.00
Maximum Open Interest Average 1.00

I have attached the profit/loss chart! Notice also that the smallest timeframe is 4H so you don't have to worry about being alerted every 30mins...


D.
Attached Image
  • #128
  • Sep 4, 2007 3:14pm Sep 4, 2007 3:14pm
Quoting Daemien
I love the Fib Trader platform!!!

I have attached the profit/loss chart! Notice also that the smallest timeframe is 4H so you don't have to worry about being alerted every 30mins...


D.
Very nice! 2.17 profit factor is excellent! Very few draw downs. If you feel up to it, post a .zip of it here or email me a copy....if you don't mind.
Capital Preservation is key to long term wealth accumulation
  • #129
  • Sep 4, 2007 3:19pm Sep 4, 2007 3:19pm
Quoting Daemien
I love the Fib Trader platform!!!

I am still playing with this system and found a great add-on! Max consecutive drawdown is 689 pips (over 6 losses). Total profit of 7542 pips from 162 total trades over a two year period. Heiken Ashi is NOT used


D.
That equity curve goes negative homey, still not shabby though. Did you see my post that has a profit factor of 4.04 and 8k pips in 18 months (post #117)? Hit me with a PM with your email if you want to look at it. Regardless, most these posting have seen drawdowns in the multiple hundreds at times, and you have to have nerves of steel to stick to your plan if you ever take one of these live, and of course make sure you don't leverage yourself into a margin call if you catch a bad stretch.

I like longer TFs because I trade less often and pay less spread. Also lets me get away from staring at charts.
  • #130
  • Sep 4, 2007 3:39pm Sep 4, 2007 3:39pm
Quoting Daemien
I love the Fib Trader platform!!!

I am still playing with this system and found a great add-on! Max consecutive drawdown is 689 pips (over 6 losses). Total profit of 7542 pips from 162 total trades over a two year period. Heiken Ashi is NOT used

Performance Results for GBP/JPY 240- D- W System Trend Chaser FX - Modified 2 Indicators
From 03/07/2005 20:00 to 04/09/2007 16:00

Gross Profit 139.65
Gross Loss -64.23
Net 75.42
Profit Factor 2.17

Total Trades 162.00
Total Winning Trades 79.00
Total Losing Trades 83.00
Average Points per Trade 0.47
Percent Profitable 48.77

Largest Winning Trade 8.29
Largest Losing Trade -2.55
Average Winning Trade 1.77
Average Losing Trade -0.77
Ratio Average Win/Average Loss 2.28
Average Trade 1.26

Max Consecutive Winners 7.00
Max Consecutive Profit 21.13
Max Consecutive Losers 6.00
Max Consecutive Draw Down -6.89

Maximum Open Interest 1.00
Maximum Open Interest Average 1.00

I have attached the profit/loss chart! Notice also that the smallest timeframe is 4H so you don't have to worry about being alerted every 30mins...


D.
Now we're talkin'...
Mr. Trend
  • #131
  • Sep 4, 2007 3:43pm Sep 4, 2007 3:43pm
Yeah, it's practically impossible to develop one that doesn't show some type of drawdown from initial use. What I look for the most are the severity of drawdowns and a nice increasing trendline of equity. A jagged mountain range it tough to deal with. When you're on the wrong side of the mountain you feel as though your system is failing you, though you may be out of it within a day or two. A nice ascending slope is easier on the nerves overall.

I saw your system, lep....what profit rating did your platform generate? Also, what JPY cross are you using?
Capital Preservation is key to long term wealth accumulation
  • #132
  • Sep 4, 2007 4:17pm Sep 4, 2007 4:17pm
Quoting MuddBuddha
Yeah, it's practically impossible to develop one that doesn't show some type of drawdown from initial use. What I look for the most are the severity of drawdowns and a nice increasing trendline of equity. A jagged mountain range it tough to deal with. When you're on the wrong side of the mountain you feel as though your system is failing you, though you may be out of it within a day or two. A nice ascending slope is easier on the nerves overall.

I saw your system, lep....what profit rating did your platform generate? Also, what JPY cross are you using?
Exactly. I think these guys are doing a very good job so far. I'm anxious to see their work as well.

With GBPJPY, you're gonna have drawdowns. And with the kind of systems that are being looked at in this thread, 400-800 pip drawdowns are very common.

You can't really kill too much DD without hurting the profitability of the system -- at least in terms of these kinds of systems.
Mr. Trend
  • #133
  • Edited 4:34pm Sep 4, 2007 4:20pm | Edited 4:34pm
Check out this Profit Factor9 trades in 18 months, talk about some swap 2 losing trades in 18 months for only 289 pips. Don't get too eager though, the floating P&L roller-coaster on this bad boy would make baby jesus cry.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Sep. 11 16.18.gif Size: 59 KB
  • #134
  • Sep 4, 2007 4:25pm Sep 4, 2007 4:25pm
Quoting lepiricus
Check out this Profit Factor9 trades in 18 months, talk about some swap
LOL... love it.
Mr. Trend
  • #135
  • Sep 4, 2007 4:25pm Sep 4, 2007 4:25pm
Quoting lepiricus
Check out this Profit Factor9 trades in 18 months, talk about some swap
Other than.....WOW!!....I'm not sure what to say.

Between you and damien, you guys have hammered out short and long term trades.....now if someone would just POST THEM!!!
Capital Preservation is key to long term wealth accumulation
  • #136
  • Sep 4, 2007 4:26pm Sep 4, 2007 4:26pm
Quoting Daemien
Edit: I took a good luck and it looks like it does trade on the HA averages, not the actual price. Thanks a bunch for pointing this out Mr. Trend!
Hey no problem my friend. Just trying to help system devs get on the right track.

Just tryin' to spread the love...
Mr. Trend
  • #137
  • Sep 4, 2007 5:32pm Sep 4, 2007 5:32pm
Daemien/Lepiricus,
You guys have shown some good results with your recent posts. Would you mind posting a zip of your modifications? I think others as well as myself would love to take a look.
  • #138
  • Sep 4, 2007 5:39pm Sep 4, 2007 5:39pm
Here is what I have come up with - it basically uses MACD (12,26,6) as another trend indicator. I have been playing with all sorts of settings for it (hence it taking so long getting it up here) - if you manage to get it working better, let us know!!!

D.
Attached File(s)
File Type: zip Trend Chaser Modified (Daemien).zip   2 KB | 562 downloads
  • #139
  • Edited 7:43pm Sep 4, 2007 7:32pm | Edited 7:43pm
Heres the system from Post 117, Its only 49 trades in the last 18 months so it will be nigh impossible to forward test on a 2 week demo FT account. Profit Factor is great at 4.04 and max drawdown of 656 consecutive pips. 73% winning trades though
Attached Image (click to enlarge)
Click to Enlarge Name: Lep Tweak.gif Size: 57 KB
Attached File(s)
File Type: zip Leps Tweak.zip   65 KB | 419 downloads
  • #140
  • Sep 4, 2007 7:37pm Sep 4, 2007 7:37pm
Heres the above system w/ Damien's macd idea put in also. It has slightly less pips but much better drawdown at 393 consecutive pips. Smoother P&L curve.
Attached Image (click to enlarge)
Click to Enlarge Name: Lep Damien.gif Size: 61 KB
Attached File(s)
File Type: zip Lep_Damien.zip   2 KB | 427 downloads
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