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Supernova GBP/JPY Mini Trend Catcher

  • #921
  • Sep 20, 2007 1:04pm Sep 20, 2007 1:04pm
I use Vtrader (cmsfx.com) trading chart. I haven't set-up the mt4 as of yet.


Quoting samsamsam
thanks for your previous reply, can you send a pic of your mt4. or even a template if possible
  • #922
  • Sep 20, 2007 1:33pm Sep 20, 2007 1:33pm
So nice to hear that your live account has increased sustantially. I truly love this system. It's my new baby and I will birth this baby live in the coming month or so. Keep up the good work. I received a sell signal at the opening of the 7:30am candle (vtrader) and I was going to close the trade when DMI 7 indicator crossed put instead I closed it when the price hit the support 3 line @ 229.60 with a total of 192 pips. It was a long morning but it was worth it. Today I did not use Spudfyre's Way, I just set my stop loss at 60 pips. I added the DMI 7 indicator posted by winsteadglenn. But If I used the DMI 7 to closed the trade I would have just closed the trade @2pm eastern for a total of +149 pips (Awesome Winsteadglenn). A very good day trading. As I am demo trading I will continue to take everyone ideals and apply it to my trading to see how it works. Thanks everyone for sharing your ideals. The best thing is this system to me is perfect, I greatly appreciate Cryten.

Happy Trading...

Quoting Gnat
Even the EA is putting on a lazy day. I had one good trade at GBPUSD as the

10:30 GBPRetail Sales m/m http://www.forexfactory.com/images/m...mpact_high.gif 0.6% 0.0% 0.7%


gave a whopping jump to the pair. I was on the 15M chart then. But after that nothing is developing. But already this week has been really good. I am testing on a real account now with 0.10 minilots. It has grown substantially in just a few days.

Happy Trading!
Gnat
  • #923
  • Sep 20, 2007 2:11pm Sep 20, 2007 2:11pm
Hi guys,

As you know due to new job, home and some other issues I can't trade right now but keep an eye on the thread from work. Have managed to get MT on my pc but due to the firewall can't get any live feed only demo. Anyhow try this out, Place 2 levels on the DMI. 20 and 25. On visual back test stronger signals seem to occur when the blue DMI is above the 25 line and the red DMI is below the 20 line. have a look and report feedback

Also really appreciate gnat and awesome keeping the thread going, nice job guys
  • #924
  • Sep 20, 2007 2:18pm Sep 20, 2007 2:18pm
Quoting cryten
On higher timeframes I think could work out nicely.
Basically ea will buy and sell "dot to dot". Bit like SAR (stop and reverse)
Hi cryten very good method you have here thankyou for shareing it with us.
Could you plese tell me what settings i should set the E.A. to if i only what to trade the stop and reverse,do i just set it to true? if so what do i do with the filter setting? should it be set to true or false?.

With many thanks
David-T
  • #925
  • Sep 20, 2007 2:25pm Sep 20, 2007 2:25pm
Quoting David-T
Hi cryten very good method you have here thankyou for shareing it with us.
Could you plese tell me what settings i should set the E.A. to if i only what to trade the stop and reverse,do i just set it to true? if so what do i do with the filter setting? should it be set to true or false?.

With many thanks
David-T
Yeah set stop and reverse to true and filters off. I been looking at this and just trading the stop and reverse can catch some 500+ pip moves from start to finish. I did however notice one trade went +100 or +200 then going to 200 pip stop (the next signal) so I was thinking of setting a fixed stop and trailing stop of 100 or even 200. Most of the time this does not happen and I don't want to limit the big moves.

Most losing trades though would hit 13, 20 or 50 pip loss before reversing.

As you can see still needs some thought and indeed I am still thinking
  • #926
  • Sep 20, 2007 2:42pm Sep 20, 2007 2:42pm
Quoting cryten
Hi guys,

As you know due to new job, home and some other issues I can't trade right now but keep an eye on the thread from work. Have managed to get MT on my pc but due to the firewall can't get any live feed only demo. Anyhow try this out, Place 2 levels on the DMI. 20 and 25. On visual back test stronger signals seem to occur when the blue DMI is above the 25 line and the red DMI is below the 20 line. have a look and report feedback

Also really appreciate gnat and awesome keeping the thread going, nice job guys
Hi Cryten,

Is this setup for Buy only? If yes, does it mean that for Sell signal, we look for blue DMI below 20 and red DMI above 25?
Please explain.

Thanks.
  • #927
  • Sep 20, 2007 2:44pm Sep 20, 2007 2:44pm
Quoting rapikbey
Hi Cryten,

Is this setup for Buy only? If yes, does it mean that for Sell signal, we look for blue DMI below 20 and red DMI above 25?
Please explain.

Thanks.
Yeah thats right (from memory), for Sell signal, we look for blue DMI below 20 and red DMI above 25
  • #928
  • Sep 20, 2007 3:22pm Sep 20, 2007 3:22pm
And the opposite for a buy I guess, right?
(I mean blue above 25 and red below 20)
  • #929
  • Sep 20, 2007 3:25pm Sep 20, 2007 3:25pm
Place 2 levels on the DMI. 20 and 25.

Buy signal- Blue DMI is above the 25 line and the red DMI is below the 20 line

Sell signal - Red DMI is above the 25 line and the blue DMI is below the 20 line
  • #930
  • Sep 20, 2007 3:48pm Sep 20, 2007 3:48pm
Quoting cryten
Place 2 levels on the DMI. 20 and 25.

Buy signal- Blue DMI is above the 25 line and the red DMI is below the 20 line

Sell signal - Red DMI is above the 25 line and the blue DMI is below the 20 line
This would be nice to have in EA

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #931
  • Sep 20, 2007 3:54pm Sep 20, 2007 3:54pm
Quoting finnfx
This would be nice to have in EA

- finnfx
yeah there are a few additions needed in ver 1.1

better manage TP conditions
Time filter
HA candles (no upper or lower shadows and above/below T3)
and improved DMI settings
  • #932
  • Edited 4:46pm Sep 20, 2007 4:45pm | Edited 4:46pm
hell yeah! i like the looks of this system, thanks cryten! it looks like everyone demoing it has had success with it thus far. ill just have to do some "research" of my own (oooo ahhhh do i see pips in my future?). anyways, ill post my results and observations here.

also, thanks to whomever that provided the take profit EA (and to stockwet, ofcourse). for those who don't know a further developed version was provided later on in the thread (props to moneybiz), here it is


thanks again!
Attached File(s)
File Type: zip MTP4FF.zip   362 KB | 1,095 downloads
  • #933
  • Sep 20, 2007 4:47pm Sep 20, 2007 4:47pm
Quoting cryten
yeah there are a few additions needed in ver 1.1

better manage TP conditions
Time filter
HA candles (no upper or lower shadows and above/below T3)
and improved DMI settings
Sounds like a plan! Version 1.1 will possibly beat any EA I know of!
Thanks for the kind words - it seems that awesome is doing the nightshift and I manage the day (seen from GMT). Gives you time to move and to improve.
I will go to bed now. See ya all tommorrow!

Gnat chrchrrrrchrrrrr
  • #934
  • Sep 20, 2007 4:50pm Sep 20, 2007 4:50pm
Quoting Bluehills
hell yeah! i like the looks of this system, thanks cryten! it looks like everyone demoing it has had success with it thus far. ill just have to do some "research" of my own (oooo ahhhh do i see pips in my future?). anyways, ill post my results and observations here.

also, thanks to whomever that provided the take profit EA (and to stockwet, ofcourse). for those who don't know a further developed version was provided later on in the thread (props to moneybiz), here it is


thanks again!
Cool!!

Kept me from going to bed but... THANKS!

Drowsy grinning
Gnat
  • #935
  • Sep 20, 2007 6:25pm Sep 20, 2007 6:25pm
Should the EA have taken the short at the red vertical line if stop&reverse is true with filter on?
Attached Image (click to enlarge)
Click to Enlarge Name: supernova ea.gif Size: 15 KB
  • #936
  • Sep 20, 2007 7:30pm Sep 20, 2007 7:30pm
Hi to all,

The results of my supernova ea are attached. Pls note that on the last 2 trades (2913336,2913478) are opened almost simultaneously 2 seconds apart(don't know why). Is it caused by a bug? Also I note that the results on M15 do not give positive results only M30 upwards.


Anyhow, I'll continue testing and post my results for all to share.

Cryten, your new settings for DMI for BUY/SELL, how can I made these changes on the ea? Do I have to wait for newer version? Anyway thanks so much for sharing the supernova ea.....it's very promising so far.
Attached File(s)
File Type: doc supernova ea test.doc   57 KB | 813 downloads
  • #937
  • Sep 21, 2007 3:22am Sep 21, 2007 3:22am
Quoting cryten
Yeah set stop and reverse to true and filters off. I been looking at this and just trading the stop and reverse can catch some 500+ pip moves from start to finish. I did however notice one trade went +100 or +200 then going to 200 pip stop (the next signal) so I was thinking of setting a fixed stop and trailing stop of 100 or even 200. Most of the time this does not happen and I don't want to limit the big moves.

Most losing trades though would hit 13, 20 or 50 pip loss before reversing.

As you can see still needs some thought and indeed I am still thinking
Thank you Cryten for the reply.Could you please give me some idea of what stop to use for trading the Eurjpy on 15min, 30min, 1hr and 4hr also what would be a good stop for the Gbpjpy on 15min, 30min, 1hr and 4hr this would be trading manully

With many Thanks
David-T
  • #938
  • Sep 21, 2007 9:50am Sep 21, 2007 9:50am
Hi all,

I paid for this modification to the current EA based on the supernova system. simply because I wanted have the benefit of Supernova/ manage TP in one instance. (have your cake and eat it too)

My main motivation was to get sleep since I am in the EST timezone and noticed I would miss all the major movements which are as cryten quoted between 2AM to 6AM

anywhoo. I use it overnight on GBP/USD M15 and had
pretty decent luck with it.

feel free to give it a try and best of luck to all.

PS special shout out to Cryten/Skyline and one of the most astute forum members I have "met" here..
Attached File(s)
File Type: ex4 SuperNovav1-1.ex4   12 KB | 732 downloads
  • #939
  • Sep 21, 2007 9:56am Sep 21, 2007 9:56am
also on another note - I am testing the use of Supernova on EUR/USD for a couple of reasons a)low spread b) less volatility c) more consistent profits.

I noticed during backtesting that I was achiving about 78% success rate with with filters turned off and going for only 10 pips with no S/L. so by that logic i figure if I can forward test Supernova with the Manage TP EAs. I should be able to minimize losses and gain further pips.

welcome any thoughts or experience on this. will keep you updated on forward test results.
  • #940
  • Sep 21, 2007 9:58am Sep 21, 2007 9:58am
wat TF have u been testing for e/u?


Quoting uconn10016
also on another note - I am testing the use of Supernova on EUR/USD for a couple of reasons a)low spread b) less volatility c) more consistent profits.

I noticed during backtesting that I was achiving about 78% success rate with with filters turned off and going for only 10 pips with no S/L. so by that logic i figure if I can forward test Supernova with the Manage TP EAs. I should be able to minimize losses and gain further pips.

welcome any thoughts or experience on this. will keep you updated on forward test results.
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