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.SI4 for GBP/JPY & EUR/JPY

  • #181
  • Sep 8, 2007 2:10pm Sep 8, 2007 2:10pm
Quoting lepiricus
Quick questing for those FT users out there. I can't open the program now, is it because the markets are down? I get an error that says "cannot create object feeder ft" Then the whole thing crashes back to desktop. It has worked fine all week.
Trt rebooting and see if that clears it up. Also, check the version and see if you are running version SRV 4 R0. I had problems with the most recent release and had reverted back to the previous version because of error messages and crashing.

Let FT know as well. Email [email protected]
Capital Preservation is key to long term wealth accumulation
  • #182
  • Sep 8, 2007 2:16pm Sep 8, 2007 2:16pm
Quoting Westie
Hi Mudd,

Is that trend chaser with serpent tails, as i notice two Lines,
but i dont' see the word serpent tail in the upper left corner?

Are u trading all those pairs live again?

Westie
Well, since this was a rather low volatility week, I added two extra pairs to make up for it. I'm only shooting for 25 on EUR/USD positions (83%) and 55 on GBP/USD. 65 on EUR/JPY. This keeps the success rate higher than usual and gets me into some positions, though each one is relatively small.

The GBP/JPY is "No limit, EOD", but of course it can snap at anytime and shoot 200-300.

I've got several differing screens under the "Page" screen that I load and unload depending on how the week is progressing.

A basic two pair screen with the serpents tail, a three pair screen which lacks the GBP/JPY, and the four pair screen when the market is REALLY rangey and quiet.

The EUR/USD is really non-volatile for the most part, so I ALWAYS use a limit on it, otherwise it will chew you up little by little. Go small...around 25-30 at the most. You won't get many, but you will get some.

Sorry about the confusion on the screens....but I will name it whatever seems to make sense to me the most at the time.
Capital Preservation is key to long term wealth accumulation
  • #183
  • Sep 9, 2007 9:12pm Sep 9, 2007 9:12pm
Okay, here is a system for eur/usd I made up. Its based on 2 MACDs on a 5m time frame. It is always in, no EOD.

Its made 200 pips per week for 3 weeks. I wish I could back test this further. 73% winning trades, with profit factor greater than 4. Anyway, here it is if anyone wants to improve it, let me know via this thread or PM.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmacd.gif Size: 81 KB
Attached File(s)
File Type: zip Euro Lep MACD 5 min chart.zip   2 KB | 378 downloads
  • #184
  • Sep 9, 2007 10:39pm Sep 9, 2007 10:39pm
Quote
...here is a system for eur/usd I made up. Its based on 2 MACDs on a 5m time frame. It is always in, no EOD.
lepiricus...I get these results for your sytem on slightly longer backtest...


Performance Results for EUR/USD 5- D- W System Euro MaCD
From 4/30/2007 23:55 to 9/10/2007 03:25

Gross Profit 0.20
Gross Loss -0.17
Net 0.03
Profit Factor 1.17

Total Trades 121.00
Total Winning Trades 59.00
Total Losing Trades 62.00
Average Points per Trade 0.0002
Percent Profitable 48.76

Largest Winning Trade 0.01
Largest Losing Trade -0.02
Average Winning Trade 0.0035
Average Losing Trade -0.0028
Ratio Average Win/Average Loss 1.23
Average Trade 0.0031

Max Consecutive Winners 10.00
Max Consecutive Profit 0.04
Max Consecutive Losers 6.00
Max Consecutive Draw Down -0.03

Maximum Open Interest 1.00
Maximum Open Interest Average 1.00



Cheers
  • #185
  • Sep 9, 2007 11:18pm Sep 9, 2007 11:18pm
Fantastic, thanks for doing that. So, its not as good as it first appeared, but overall still profitable. at least for the last 6 months
  • #186
  • Sep 10, 2007 12:18am Sep 10, 2007 12:18am
As a general rule, if it doesn't look good on at least 300 trades, trash it. Time period, or rather, length of backtest in months, years, etc., really doesn't matter.
Mr. Trend
  • #187
  • Edited 11:18am Sep 10, 2007 10:42am | Edited 11:18am
Quoting Mr Trend
As a general rule, if it doesn't look good on at least 300 trades, trash it. Time period, or rather, length of backtest in months, years, etc., really doesn't matter.
Thanks for the advice Mr. Trend.

On another note. Anyone here able to, or know someone who can convert MT4 or VT indicators into visual basic form for Fibonacci Trader?

There are some ideas I been dying to try out, but FT doesnt have the required indicators. I am mainly looking at the qqe indicator that was converted from Virtual trader to MT4. This indicator in FT with its multi time frame capabilities would be powerful.
  • #188
  • Sep 10, 2007 3:11pm Sep 10, 2007 3:11pm
Quoting lepiricus
Thanks for the advice Mr. Trend.

On another note. Anyone here able to, or know someone who can convert MT4 or VT indicators into visual basic form for Fibonacci Trader?

There are some ideas I been dying to try out, but FT doesnt have the required indicators. I am mainly looking at the qqe indicator that was converted from Virtual trader to MT4. This indicator in FT with its multi time frame capabilities would be powerful.
I second that!
  • #189
  • Sep 10, 2007 3:56pm Sep 10, 2007 3:56pm
You can always email carlos over at FT. Just email the support email. He'll most likely offer to do it as long as you are open to it being public. if not, he can point you to people who will, for a charge.

Also, bear in mind that you cannot automate Forex trades in FT.
Mr. Trend
  • #190
  • Sep 12, 2007 1:46pm Sep 12, 2007 1:46pm
Quoting Mr Trend
You can always email carlos over at FT. Just email the support email. He'll most likely offer to do it as long as you are open to it being public. if not, he can point you to people who will, for a charge.

Also, bear in mind that you cannot automate Forex trades in FT.
I received a reply from Carlos, he said he would be willing to code the qqe indicator but needed additional information, like how its calculated mathematically etc. I gave him a mq4 version of it, so hopefully that is enough to code from. I"ll post it here as if/when I receive it.
  • #191
  • Sep 12, 2007 2:13pm Sep 12, 2007 2:13pm
That's impressive.
Capital Preservation is key to long term wealth accumulation
  • #192
  • Sep 12, 2007 3:00pm Sep 12, 2007 3:00pm
Quoting lepiricus
I received a reply from Carlos, he said he would be willing to code the qqe indicator but needed additional information, like how its calculated mathematically etc. I gave him a mq4 version of it, so hopefully that is enough to code from. I"ll post it here as if/when I receive it.
Thanks! I am looking forward to it

I would love to try my system on FT
  • #193
  • Sep 13, 2007 5:19pm Sep 13, 2007 5:19pm
Hey everyone!

I just wanted to post a quick update on these methods...

One thing to look out for when testing is the number of trades made during the particular time period. 8000+ pips over 2 years sounds great until you factor in that it took 800 trades to do so @ 9pips spread per trade. A lot of results seem to be skewed due to this.

I am still unsure if I will be subscribing - I am finding that the program is hanging at times and does not send out the appropriate open or close position. There also seems to be some 'slippage' from when the signal goes out to when you receive it and manage to enter the trade (probably my txt message provider). On top of this I am frequently inside RF emission free zones due to my work requirements. I have missed a few signals so far because of these issues...

And btw, the majority of the systems posted fail miserably in the first half of 2004 - nice gains are pretty well 100% given back in the span of a few months. It has been clear sailing since, however so all is not lost. Just shows how fickle this beast can be!

Take care all & good luck with your trades!
  • #194
  • Sep 14, 2007 10:42am Sep 14, 2007 10:42am
Just a thought--when we take human discretion out of the picture (good discretion I mean) and rigidly follow a system, aren't all systems subject to fail over the long run? Unless a system can adapt to new conditions and markets, which is ultimately really only reasonably possible through a human's intervention, isn't even the best system bound to fail?

If a system produces great results for 20 years, but blows up on year 21, what's the point? I suppose a solution would be to say that the max drawdown be at a certain percentage, say, 40% or something--when it reaches that drawdown, shut it down. But then it would be time to switch systems, and the system-hopper would be at it again. Ultimately, isn't trader psychology the key, regardless of the system? So why this endless search for systems that have backtested well over the last 5 years or something? That really says little about how well it may perform this coming year, right?

Don't mean to get off the topic or anything, but this subject always seems to come up.
  • #195
  • Sep 14, 2007 10:43am Sep 14, 2007 10:43am
Quoting lepiricus
I received a reply from Carlos, he said he would be willing to code the qqe indicator but needed additional information, like how its calculated mathematically etc. I gave him a mq4 version of it, so hopefully that is enough to code from. I"ll post it here as if/when I receive it.
Now that's customer service!!
  • #196
  • Sep 14, 2007 11:33am Sep 14, 2007 11:33am
And you made some good points.

While I take back testing into consideration when creating/modifying a system, the results will ultimately be dependant on the trader. I'm not a personal fan of auto trading; I had my shot with it and it worked ok.

I follow the system fairly strictly, but there have been occasion where I've been stopped out repeatedly in the same direction and have backed off taking those directional trades because I realized I was trading against strong momentum.

My biggest problem with the periods where the system seems to tank is why?

The system is based on a simple principle of trailing price action. If there is an extended period where it continually fails, figure out why and adjust.

Do the trailing volatility indicators need tightened due to low volatile market conditions? Should I switch to a higher volatile pair? Should I use a conservative limit of 65-100 pips? Is the volatility SOOO high that good trades are turning bad because I'm staying in too long?

These are discisions that the PC can't make. These need to be made by the trader and the system adjusted.....not scraped....just tweaked to match current conditions.

This is why I mentioned tracking a margin percentage every month or quarter and maintaining as best as possible that margin. If you can comfortably perform 3% at $XXX,XXX.000 then hold yourself to that and track your performance....obviously adjusting as your balance grows to reflect the true margin. When I speak of margin, I'm referring to the business definition whereas a person who sells a job or contract meets a margin requirement laid out by his/her corporation that must be meet. In most companies that would be 35%.

If you see that your performance is dropping month after month, spend some time figuring out why. Is it me? Is it the market?; which would mean it's really me! or is the system needing tightened and adjusted to trade the current volatility levels?
Capital Preservation is key to long term wealth accumulation
  • #197
  • Sep 14, 2007 2:26pm Sep 14, 2007 2:26pm
Seems like a good plan MuddBuddha.

As I'm sure you know, there are umpteen methods out there for calculating (in other words, not eyeballing and discretionary human opinion) market conditions and volatility. One is by Kaufman, who calculates what he calls an Adaptable Moving Average and uses an "efficiency ratio" to determine market conditions. Might be something to look into if anyone's interested in that kind of thing. But after looking at it, while it may be helpful to some, I found it's basically just another number to me. I'm not good with indicators in general, they all start to look garbled to me after a while :-) I use multiple moving averages, both guppy, hull, and another here by linuxtroll that he calls the rainbow. They are great for me to visually see what's going on with the trend and it gives fantastic entry opportunities and is great for scalping (exit is based on quick profit as a multiple of amount risked). Sorry for the rambling, and thanks for your reply!
  • #198
  • Sep 14, 2007 3:00pm Sep 14, 2007 3:00pm
Does anyone else experience FT crashing with an "out of memory" error. The last couple days I get home from work and it says this.

Of course I miss any alerts for opening/closing positions when this happens. I first thought it was because I had too many charts open but I deleted all but 4 charts and it is still occuring. Just curious if anyone has seen it before, I check the help page to no avail.

Oh, and Carlos said he is currently working on the qqe indicator. I'll be sure to post it asap.
  • #199
  • Sep 14, 2007 3:07pm Sep 14, 2007 3:07pm
I am new to FT platform. when I open the chart, it is on D-W-M. how do I get it on 30-150 D chart? anr help will be appreciated.

kingmaker
  • #200
  • Sep 14, 2007 3:12pm Sep 14, 2007 3:12pm
Quoting kingmaker
I am new to FT platform. when I open the chart, it is on D-W-M. how do I get it on 30-150 D chart? anr help will be appreciated.

kingmaker
I think that I have figured it out....

kingmaker
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