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

  • #141
  • Sep 4, 2007 9:19pm Sep 4, 2007 9:19pm
Daemien/Lepiricus,

Thanks alot. I, as well as others (I'm sure), appreciate it.
  • #142
  • Sep 4, 2007 10:19pm Sep 4, 2007 10:19pm
Here is another one, nearly 9k pips in the last 18 months, that is nearly 70 pips per trading day. Remember, the floating P&L on these can get nutty, so I would only risk 1 mini per $2000 unless you don't like sleeping at night.
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  • #143
  • Sep 4, 2007 11:28pm Sep 4, 2007 11:28pm
Quoting Daemien
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.
Have you guys modified the time frame on any of these variants?
Capital Preservation is key to long term wealth accumulation
  • #144
  • Sep 4, 2007 11:32pm Sep 4, 2007 11:32pm
Quoting lepiricus
...unless you don't like sleeping at night.
You sleep at night? Must be nice.
Mr. Trend
  • #145
  • Sep 4, 2007 11:34pm Sep 4, 2007 11:34pm
Quoting MuddBuddha
Have you guys modified the time frame on any of these variants?
All of mine have been 240-720-D
  • #146
  • Sep 4, 2007 11:37pm Sep 4, 2007 11:37pm
I forgot to mention to everyone creating systems. Never create a system that executed "at bar close." Because that's not real world. You always want to execute at "next bar's open", because you can get some slightly off results. It's not substantial, but when you start talking about slippage and whatnot, it can be.

Unfortunately, FT doesn't do a good job of allowing you to add slippage. Tradestation, on the other hand, does do a good job as I recall...

Regardless, hope that helps.
Mr. Trend
  • #147
  • Sep 4, 2007 11:39pm Sep 4, 2007 11:39pm
Quoting Mr Trend
I forgot to mention to everyone creating systems. Never create a system that executed "at bar close." Because that's not real world. You always want to execute at "next bar's open", because you can get some slightly off results. It's not substantial, but when you start talking about slippage and whatnot, it can be.

Unfortunately, FT doesn't do a good job of allowing you to add slippage. Tradestation, on the other hand, does do a good job as I recall...

Regardless, hope that helps.
I didnt know this, I have only has this platform for a few days. Learning more all the time. Thanks
  • #148
  • Sep 5, 2007 6:18am Sep 5, 2007 6:18am
Hello Mudd,

I am trying to match up the results to what you are seeing.
What are your trading times set to in the gbpjpy edit symbol - trading time set to?

Thanks
  • #149
  • Sep 5, 2007 6:31am Sep 5, 2007 6:31am
Quoting FxConqueror
Hello Mudd,

I am trying to match up the results to what you are seeing.
What are your trading times set to in the gbpjpy edit symbol - trading time set to?

Thanks
Starting 16:00 Sunday through 17:00 Friday. Also, take the GBP/JPY to .001
Capital Preservation is key to long term wealth accumulation
  • #150
  • Sep 5, 2007 7:00am Sep 5, 2007 7:00am
It would be be great and will save us a lot of screen watch if we could arrive at a compromise and a solutution for a profitable set up using 4 hr time frame for this method
Regards
  • #151
  • Sep 5, 2007 7:19am Sep 5, 2007 7:19am
Quoting howard
It would be be great and will save us a lot of screen watch if we could arrive at a compromise and a solutution for a profitable set up using 4 hr time frame for this method
Well, the time frame is subjective to the method and doesn't necessarily garauntee that you have to take fewer trades. Also consider that FT has the ability to "see" three time frames at once. That being said, the Trend Chaser built on the 30-150-D typically only takes a trade once a day. If you want to hold position longer, then gradually increasing the TF can be effective. However, on volatile pairs with systems where you rely on the system to call the trade flat Vs. a set stop line, you could go extremely negative on longer time frames when events occur, like the subprime scare, that cause the market to dump suddenly. Not saying you shouldn't use longer timeframes, just don't box yourself into a set time frame because that's what you've always used. Use what works and provides you the level of security that you're looking for personally.

This is acutally my first system that EVER traded on the 30 minute charts. I typically prefer the hourly. In this case, the performance was substantially higher on the 30 and still took trades about once a day.

I like to stay somewhat active in the market so trading once a day is no big deal for me, considering it's typically through my Blackberry; and the TF applied to the system normally limits the stop outs to no more than 80-90 points.
Capital Preservation is key to long term wealth accumulation
  • #152
  • Sep 5, 2007 7:24am Sep 5, 2007 7:24am
Thanks Mudd for the explannation
Regards
  • #153
  • Sep 5, 2007 8:15am Sep 5, 2007 8:15am
Madd,

I backtested the GbpJpy from 5/2005 until now and profitability really kicked in about april 2007. It seem to have stagnated during '05 and '06. The same period give better results when the EOD was not checked.
  • #154
  • Sep 5, 2007 9:44am Sep 5, 2007 9:44am
Quoting MuddBuddha
Starting 16:00 Sunday through 17:00 Friday. Also, take the GBP/JPY to .001
.01
Mr. Trend
  • #155
  • Sep 5, 2007 10:26am Sep 5, 2007 10:26am
Mudd,
Several posts ago, you and Mr. Trend were discussing the different results that were seen when enabling/disabling the EOD feature and I recall you sticking with EOD enabled due to a higher winning percentage. I compared the results ( 2 volatility indicators) from 3/26/06-9/5/2007 and I saw that the winning percentage was higher (~6%) however the results with EOD enabled netted ~2000 more pips. I made the same comparison using the original system as well and results with EOD enabled netted over 2000 more pips as well. I am curious to know if you see what I see, and if so, could you give your thoughts on why you'd choose the greater winning percentage over the greater net pip gain, if this is the case? Also, I am forward testing the lastest update (2 volatility indicators) using 1 mini lot, are you currently using this system or the original?
  • #156
  • Sep 5, 2007 11:32am Sep 5, 2007 11:32am
I'm actually trading it with EOD off at the moment. While the win percentage was higher, the NON-EOD setting did enable it to bank more pips per trade which offsets the lower win percentage a majority of the time.

It becomes a risk when you're in the big trades when they hit, but allowing your equity to get chewed little by little on the small losses. You have to find a balance where the scales are tipped slightly in your favor all the time.
Capital Preservation is key to long term wealth accumulation
  • #157
  • Sep 5, 2007 12:30pm Sep 5, 2007 12:30pm
Well, for those of you who don't feel compelled to catch the entire movement, but are satisfied with tidbits at a higher lot level....

Try using the Trend Chaser on the 30-150-D EUR/JPY with no EOD and a profit target of 75 pips. You can also use the same system on the GBP/USD with a profit target of 55 pips. This increases the win percentage and makes for an extremely pretty equity curve.
Capital Preservation is key to long term wealth accumulation
  • #158
  • Sep 5, 2007 12:31pm Sep 5, 2007 12:31pm
Quoting MuddBuddha
I'm actually trading it with EOD off at the moment. While the win percentage was higher, the NON-EOD setting did enable it to bank more pips per trade which offsets the lower win percentage a majority of the time.

It becomes a risk when you're in the big trades when they hit, but allowing your equity to get chewed little by little on the small losses. You have to find a balance where the scales are tipped slightly in your favor all the time.
I think it also comes down to who you are as a trader. For example, I know I need to be in a trade most of the time, so I trade nothing but stop and reverse systems... If I closed a trade at EOD and it ended up going another 100 pips in my favor, I'd go nuts.

There isn't anything wrong with that, per se. As long as you are following your plan. You just need to know who you are.
Mr. Trend
  • #159
  • Sep 5, 2007 12:48pm Sep 5, 2007 12:48pm
That's as about as true a statement as was ever made.

No system, no time frame, no stop out and take profit level will ever satisfy every trader or even the majority of them.

So, if by some weird chance there is or was a holy grail system out there, leave it to forex traders to bugger it all up!
Capital Preservation is key to long term wealth accumulation
  • #160
  • Sep 5, 2007 12:49pm Sep 5, 2007 12:49pm
Here is one I cooked up for eur/usd. I can only get this turd to backtest 3 months though. Very low drawdown. Can someone maybe try to get this to backtest further?

Do you mind sharing one of your creations with the class Mr. Trend?
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