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Supernova GBP/JPY Mini Trend Catcher

  • #1,181
  • Edited 10:29pm Sep 26, 2007 10:16pm | Edited 10:29pm
Thanks for replying I went away from the computer sorry. Can you tell me what exactly changes colors. Well I'm looking at my chart at 7:30pm, personally since it's not between 2am -9am I would have not took the trade. But if I did I would had entered @232.67 (I use Vtrader) and set a stop loss at 60 pips and I would be at +25 pip right now and could lock in at 7 pips according to Spudfyre's Way (Since you use that) or you can stay in, personally around this time I would take the pips and close the trade. This currency pair is very different from others it can move fast so you have to be very careful. Now I need to understand what turns colors on your chart can you please advise me? What is making you exit the trades? Thank you

One more thang since your using the 5 minute chart before you place the trade take a look at the 15 minute chart and see if it is heading in the same direction if not you might want to really think if you should trade or not. Okay we would now be at +33 pips now. I just edited this post to include additional information.

Quoting N8s
Thanks for your help your awesome. I have been backtesting it but just started trading it demo today. I took my first trade approx 730pm EST. and have been trading entries ever since.....dont know how to post image. My set up is using Meta4, the very same set up as on post 1, I downloaded it everything is working very well, infact i have alerts also send emails! But i'm not sure why the trade will go for about 5 pips then stall/reverse and the blue bar on bottom turns yellow then I get out (red turns yellow on a sell). I am good at using stochs as I had followd spudfrye for sometime.
Thanks,
N8
  • #1,182
  • Sep 26, 2007 10:20pm Sep 26, 2007 10:20pm
http://www.forexfactory.com/showpost...&postcount=952
  • #1,183
  • Sep 26, 2007 10:42pm Sep 26, 2007 10:42pm
My E.A. is at +123 PIPS let's see how it goes. How's everyone doing tonight? It's 11:31pm eastern time here and I have to be to work tomorrow , so I can't trade. Well it's nice to come online and see all the updates, success, and testing. It seems as if the CCI 14 is really becoming a very good exit tool, good work. Job well done everyone, God Bless and happy trading.

Goodnight
  • #1,184
  • Sep 26, 2007 11:02pm Sep 26, 2007 11:02pm
Thanks awesome. I have not been looking at the 15m to see what it is doing. I guess I should make sure it is moving in the same direction? Now the time of day to trade.... from London open to london close? Do you catch enough movement in the 2am-6am EST to make some good pips? I'm nervous to try the EA until I can learn to trade the system on my own first.... maybe I shouldnt be. Im excited to be on this Supernova thread and Thanks for all the help.
N8
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  • #1,185
  • Sep 26, 2007 11:03pm Sep 26, 2007 11:03pm
Oh yea the color thing on the bottom the Supernova indicator on Meta4 from post 497 that tells you all indicators are lining up.
n8
  • #1,186
  • Sep 27, 2007 1:10am Sep 27, 2007 1:10am
I'm using Supernova EA 1.2 and my setting show for EA show at 1st till 3rd picture.

While at my backtest TF = H1 with Model "Control points"
( show by the 4th picture )
The Backtest graph result comeout as ( 5th picture )

And when my backtest TF = H1 Model set to "Open Price Only"
The Backtest graph result come out as (6th pocture)

with TF = M5 and Model set to "Open Price Only"
The Backtest graph result come out as (7th picture)

From the graph result, is this mean Supernova system More worth at TF = M5 ?

May someone experience with MT4 backtest explain why the graph result always decrease at the front and increase at the end ?

Thank to all kind man at this thread.

WS168
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  • #1,187
  • Sep 27, 2007 3:26am Sep 27, 2007 3:26am
restarting mt4 messes everithing,

i had to restart the server test2 reopened a few possitions ,

whats the latest on havin the ea only open on same candle as signal?
  • #1,188
  • Sep 27, 2007 3:59am Sep 27, 2007 3:59am
Hi,

Nice to follow your guys' excellent work. But why stepchoppybar does not work on MT4 platform? I do have StepRSI_v5[1].2.mq4, StepMA_v7.mq4 and StepChoppyBars_v2.mq4 under the ..\experts\indicators folder.

just no display? anybody know how to fix it?
  • #1,189
  • Sep 27, 2007 4:06am Sep 27, 2007 4:06am
Quoting RedA
Hi,

Nice to follow your guys' excellent work. But why stepchoppybar does not work on MT4 platform? I do have StepRSI_v5[1].2.mq4, StepMA_v7.mq4 and StepChoppyBars_v2.mq4 under the ..\experts\indicators folder.

just no display? anybody know how to fix it?
i had the same problem i reinstalled a fresh mt4 and it worked
  • #1,190
  • Sep 27, 2007 4:15am Sep 27, 2007 4:15am
Quoting samsamsam
i had the same problem i reinstalled a fresh mt4 and it worked
which version and where you got from?
Thanks
  • #1,191
  • Sep 27, 2007 4:31am Sep 27, 2007 4:31am
since mkt can (but not always) retraces after a valid signal, it would be nice to have a retracement entry setting to control scaling in of positions.
Since lot size is already determined by EA settings, etc. user definable values could control the scale in process.
e.g.

1. on valid signal enter 25% of lot size, Then

2. a. on retracement of X# of pips, enter 75%
of lot size OR-

b. on retracement market if touched of EMA "18" (or other
indicator/avg/T3, etc...) enter 75% of lot size
provided that the retracement price is BETTER than price of
original valid signal.


i think such a setting would prove to be useful in further reducing risk and squeezing a few more pips out of trades taken based on various timeframes or "dot to dot" trading.
  • #1,192
  • Sep 27, 2007 5:14am Sep 27, 2007 5:14am
Such features could be very interesting in combination with a spike detector. So we could specify to enter directly after a normal price action or to wait for a retracement if it detects a spike of x pips (we could specify x for each currency pair)...
Just an idea but I'm not programer so I don't know if it is possible.




Quoting fx_ninja
since mkt can (but not always) retraces after a valid signal, it would be nice to have a retracement entry setting to control scaling in of positions.
Since lot size is already determined by EA settings, etc. user definable values could control the scale in process.
e.g.

1. on valid signal enter 25% of lot size, Then

2. a. on retracement of X# of pips, enter 75%
of lot size OR-

b. on retracement market if touched of EMA "18" (or other
indicator/avg/T3, etc...) enter 75% of lot size
provided that the retracement price is BETTER than price of
original valid signal.


i think such a setting would prove to be useful in further reducing risk and squeezing a few more pips out of trades taken based on various timeframes or "dot to dot" trading.
  • #1,193
  • Sep 27, 2007 5:30am Sep 27, 2007 5:30am
Quoting fx_ninja
since mkt can (but not always) retraces after a valid signal, it would be nice to have a retracement entry setting to control scaling in of positions.
Since lot size is already determined by EA settings, etc. user definable values could control the scale in process.
e.g.

1. on valid signal enter 25% of lot size, Then

2. a. on retracement of X# of pips, enter 75%
of lot size OR-

b. on retracement market if touched of EMA "18" (or other
indicator/avg/T3, etc...) enter 75% of lot size
provided that the retracement price is BETTER than price of
original valid signal.


i think such a setting would prove to be useful in further reducing risk and squeezing a few more pips out of trades taken based on various timeframes or "dot to dot" trading.
Hallo FxNinja!

I guess I got your idea. And I see it as a valid point to begin with. As you state right in the beginning, not all signals are followed by a timely retracement and thos who are not are IMO the strongest. So we would be in the trades, that carry us furthest, with only 25% most of the time.
Then a retracement may occur after quite some time after the signal. Personally I would not want the EA to get me into the trade with the extra 75% after the second bar on each timeframe.

Here is a scenario that may be good for the retracement idea:
IF we enter on QQE only and IF the price retraces below the point of our first entry by 10 pips, THEN enter the other half (50%) of the trade.

But if we enter based on the complete set of rules I would think a further retracement strategy will lead to very late entries and may cripple our results.

See also the problem of late entries .. that needs to be solved also.

Good morning to you ... I tried to load up my batteries and slept for 10 hours.

Finally awake
Gnat
Attached Image
  • #1,194
  • Sep 27, 2007 5:44am Sep 27, 2007 5:44am
Thanks. Yes, your points are valid. such a setting would be for experimentation.
with a signal like SN maybe swapping it 75 then 25 might be better.
also - TF have slightly different personalities so it might work better on smaller TF. don't know... just an idea for possible testing.

as far as late entry, that is an issue that would need to be addressed.
maybe -

can only enter additonal position provided the first trade is still open
use the same stop value as the first trade
no retracement entry after X# of bars past last valid signal


QQE idea u have could be played with. its definitely worth a shot.
  • #1,195
  • Sep 27, 2007 5:58am Sep 27, 2007 5:58am
Quoting OwenT
Such features could be very interesting in combination with a spike detector. So we could specify to enter directly after a normal price action or to wait for a retracement if it detects a spike of x pips (we could specify x for each currency pair)...
Just an idea but I'm not programer so I don't know if it is possible.
Hi Owen...

is there something like a spike detector? It will be worthy on smaller timeframes - on the longer (1H - 4H) it may not play a major role.

Greetz
Gnat
  • #1,196
  • Sep 27, 2007 6:03am Sep 27, 2007 6:03am
yes. manually overiding the EA also causes some issues. i maunually closed out 1 trade and it re-entered me on the next bar open due to old signal.

i also wonder how the EA trade time treats any open trades during the time after the last hour in the setting that dont have stops.
i.e. will it manage the exits? i dont think it will.

Quoting samsamsam
restarting mt4 messes everithing,

i had to restart the server test2 reopened a few possitions ,

whats the latest on havin the ea only open on same candle as signal?
  • #1,197
  • Sep 27, 2007 6:05am Sep 27, 2007 6:05am
Quoting fx_ninja
Thanks. Yes, your points are valid. such a setting would be for experimentation.
with a signal like SN maybe swapping it 75 then 25 might be better.
also - TF have slightly different personalities so it might work better on smaller TF. don't know... just an idea for possible testing.

as far as late entry, that is an issue that would need to be addressed.
maybe -

can only enter additonal position provided the first trade is still open
use the same stop value as the first trade
no retracement entry after X# of bars past last valid signal


QQE idea u have could be played with. its definitely worth a shot.
75:25 sounds better to me! And I guess the idea to restrict the 25% retracement charge to enter only if the first trade is still open is adding some music to the concept. Then restrict the overall action to a number of bars and make it an extra setting opportunity in the EA to be switched on and off according to trading style and "sticking to all rules or not" and it is a sound
concept.

Fruitful day! Thanks!
Gnat
  • #1,198
  • Sep 27, 2007 7:07am Sep 27, 2007 7:07am
cool!
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  • #1,199
  • Sep 27, 2007 7:54am Sep 27, 2007 7:54am
Quoting samsamsam
i had the same problem i reinstalled a fresh mt4 and it worked

I followed your suggestion and reinstalled a latest version.
But not solved yet..
  • #1,200
  • Sep 27, 2007 8:04am Sep 27, 2007 8:04am
Quoting fx_ninja
cool!
Moinsen!

It is a good entry...
Please see the attachment - it may look familiar ... I have added my personal opinion, but I completely see the validity of that example. Eventually we will work this out. I think it is worth the pursuit!

Gnat...
where is my coffee? I am an addict!!
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