Attachments: Auslanco 15min GBP/JPY startegy

Auslanco 15min GBP/JPY startegy

#181
Sep 9, 2007 2:36am Sep 9, 2007 2:36am

a777
| Joined Aug 2007 | Status: Trader | 63 Posts

Quoting eng_forex171

Disliked

i have back tested this system for 2 weeks and got a cool results

win : loss about 24 : 4

Ignored

24/28 is an excellent 86% winning percentage. Can you also give us an estimate what the pip profit was?

#182
Sep 9, 2007 4:11pm Sep 9, 2007 4:11pm

auslanco
Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts

15 min strategy,

I had the opportunity to do a proper backtest on the MT4 15min strategy,
Some amazing results...

91% win ratio with 6813 pips since 8th of April . Therefor we must get at atleast 75% (-15%) on live trading.

How ever I have made some changes to the settings and rules of the strategy..

1. Default stoploss of 60pips, Default Take profit 100 pips
2. You only take the trade if it occurs between 4AM GMT to 1500 GMT
3. I changed the ATR Multiplier 2, ATR period 28 on Level stop reverse indicator to give us early signals.
4. I use QQE 5 & QQE 1 in addition to QQE60 .
- after you get the two signals(Arrow & QQE 60 cross signal) You enter after the QQE5 or QQE1 cross the 50 line.
- If QQE5 cross to the opposite direction you must exit the trade.
- You can reenter a trade when QQE1 touch the 50 line and cross back towards the QQE60.
- When you get the proper entry set up , check for the 1hr momentum. If the 1hr momentum and 15 min Momentum on the new confirmation bar shows a very promising trend continuation(45 Degrees plus bent) you dont have to wait untill the 5 SMA touch to enter .
5. Also trailing stop 60pips

#183
Sep 9, 2007 4:24pm Sep 9, 2007 4:24pm

auslanco
Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts

Originally Posted by monarch http://www.forexfactory.com/images/buttons/viewpost.gif

If one becomes careful with their money, and learn to trade with a plan, you will finally get to the point of not losing it, and begin to build your account up so you can take more lots on every trade you take.

Trading is about learning, and the greatest obstacle of the learning curve I faced was "ME".

You conquer yourself, then you have found true success .

#184
Sep 10, 2007 1:38am Sep 10, 2007 1:38am

pedaso07
| Joined Dec 2006 | Status: Trader | 93 Posts

Guys a problem:
when I try to import de QQe-alert to my VT (in order to see the dots) the indicator builder ask me for a file .vtscr and does not ¨read¨ the QQE-alert.vttrs that you guys provide on the link.....

Any help.....

#185
Sep 10, 2007 4:19am Sep 10, 2007 4:19am

tonko
| Joined Dec 2006 | Status: Trader | 26 Posts

first go to:

tools - trading system builder - and then import *.vttr file.

Then you click at chart and just add new trading system.

A.

#186
Sep 10, 2007 5:06am Sep 10, 2007 5:06am

billbss
Joined Apr 2006 | Status: Trader | 4,301 Posts

Quoting auslanco

Disliked

15 min strategy,

I had the opportunity to do a proper backtest on the MT4 15min strategy,
Some amazing results...

91% win ratio with 6813 pips since 8th of April . Therefor we must get at atleast 75% (-15%) on live trading.

How ever I have made some changes to the settings and rules of the strategy..

1. Default stoploss of 60pips, Default Take profit 100 pips
2. You only take the trade if it occurs between 4AM GMT to 1500 GMT
3. I changed the ATR Multiplier 2, ATR period 28 on Level stop reverse indicator to give us early signals.
4. I use QQE 5 & QQE 1 in addition to QQE60 .
- after you get the two signals(Arrow & QQE 60 cross signal) You enter after the QQE5 or QQE1 cross the 50 line.
- If QQE5 cross to the opposite direction you must exit the trade.
- You can reenter a trade when QQE1 touch the 50 line and cross back towards the QQE60.
- When you get the proper entry set up , check for the 1hr momentum. If the 1hr momentum and 15 min Momentum on the new confirmation bar shows a very promising trend continuation(45 Degrees plus bent) you dont have to wait untill the 5 SMA touch to enter .
5. Also trailing stop 60pips

Ignored

Auslanco,

1. Did your backtest have only one PT (100) and not two as outlined in your first post?

2. Can you give just a little more detail as to how you manage the 60 pip trailing stop, as there are several ways to do it?

Thanks

#187
Sep 10, 2007 5:07am Sep 10, 2007 5:07am

watchout4me
| Joined Jun 2007 | Status: Trader | 163 Posts

hi,

I tried to overlay QQE 5 on 60, it shows different 50 level,

what can i do to resolve that?

thanks

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.jpg
Size: 141 KB

#188
Sep 10, 2007 5:12am Sep 10, 2007 5:12am

MPP
Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts

Quoting watchout4me

Disliked

hi,

I tried to overlay QQE 5 on 60, it shows different 50 level,

what can i do to resolve that?

thanks

Ignored

2 seperate charts, as they move the 50 will move up and down to allow you to see the top and bottom of the QQE, as the 5 moves different to the 60 the 50 lines moves independant from each other.

I'm sure someone will correct this if i'm wrong.

#189
Sep 10, 2007 5:17am Sep 10, 2007 5:17am

MPP
Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts

posted by Aus on the main thread.

Attached Image (click to enlarge)

Click to Enlarge

Name: QQE234.jpg
Size: 74 KB

#190
Sep 10, 2007 5:27am Sep 10, 2007 5:27am

emda
Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts

Quoting watchout4me

Disliked

hi,

I tried to overlay QQE 5 on 60, it shows different 50 level,

what can i do to resolve that?

thanks

Ignored

you can put the same fixed min and max levels to the 5 and 60 indicators

#191
Sep 10, 2007 5:36am Sep 10, 2007 5:36am

watchout4me
| Joined Jun 2007 | Status: Trader | 163 Posts

Quoting emda

Disliked

you can put the same fixed min and max levels to the 5 and 60 indicators

Ignored

Mpp thanks for the response.

Emda, I was thinking about that as well, but how would you set thesame level for both?

#192
Sep 10, 2007 5:46am Sep 10, 2007 5:46am

pedaso07
| Joined Dec 2006 | Status: Trader | 93 Posts

Quoting tonko

Disliked

first go to:

tools - trading system builder - and then import *.vttr file.

Then you click at chart and just add new trading system.

A.

Ignored

Thanks for your time.
best regards Lucy Q

#193
Sep 10, 2007 8:03am Sep 10, 2007 8:03am

eng_forex171
| Joined Jul 2007 | Status: #%^#% | 99 Posts

Quoting auslanco

Disliked

15 min strategy,

I had the opportunity to do a proper backtest on the MT4 15min strategy,
Some amazing results...

91% win ratio with 6813 pips since 8th of April . Therefor we must get at atleast 75% (-15%) on live trading.

How ever I have made some changes to the settings and rules of the strategy..

1. Default stoploss of 60pips, Default Take profit 100 pips
2. You only take the trade if it occurs between 4AM GMT to 1500 GMT
3. I changed the ATR Multiplier 2, ATR period 28 on Level stop reverse indicator to give us early signals.
4. I use QQE 5 & QQE 1 in addition to QQE60 .
- after you get the two signals(Arrow & QQE 60 cross signal) You enter after the QQE5 or QQE1 cross the 50 line.
- If QQE5 cross to the opposite direction you must exit the trade.
- You can reenter a trade when QQE1 touch the 50 line and cross back towards the QQE60.
- When you get the proper entry set up , check for the 1hr momentum. If the 1hr momentum and 15 min Momentum on the new confirmation bar shows a very promising trend continuation(45 Degrees plus bent) you dont have to wait untill the 5 SMA touch to enter .
5. Also trailing stop 60pips

Ignored

thx aus . i'll try the new setting
but what about momentum period ? should it be 14 ..

#194
Sep 10, 2007 9:17am Sep 10, 2007 9:17am

emda
Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts

Auslanco.. how do you measure the angle of the momentum indicator?
it depends on the vertical size of the window.

it would be nice to have a numerical angle at the right of the line. I can code it. to have precise mechanical momentum signals.

maybe only to take the difference between current momentum value and previous bar momentum value and plot it in the chart.

#195
Sep 10, 2007 9:27am Sep 10, 2007 9:27am

Trumpcard
Joined Oct 2005 | Status: Trader | 832 Posts

maybe a stupid question, but something im curious about (as i like to know WHY I'm doing something rather than just blindly doing it):

regarding the 15min strategy, I've set the QQE to place a dot only when it crosses up or down, this I understand, BUT what exactly does the arrow symbolize when it appears?

#196
Sep 10, 2007 10:44am Sep 10, 2007 10:44am

nicvos
| Joined Dec 2006 | Status: Pipnick | 12 Posts

Hi Guys. I am New to this thread. Please explain what the new indicators are QQE 1, QQE 5 and QQE 60. I have been using the QQE indicator version 4 as supplied on the Thread, this was set a 5 smoothing but 0 Timeframe.

Please explain

Thanks

#197
Sep 10, 2007 10:47am Sep 10, 2007 10:47am

eng_forex171
| Joined Jul 2007 | Status: #%^#% | 99 Posts

Quoting nicvos

Disliked

Hi Guys. I am New to this thread. Please explain what the new indicators are QQE 1, QQE 5 and QQE 60. I have been using the QQE indicator version 4 as supplied on the Thread, this was set a 5 smoothing but 0 Timeframe.

Please explain

Thanks

Ignored