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Supernova GBP/JPY Mini Trend Catcher

  • #1,221
  • Sep 27, 2007 12:37pm Sep 27, 2007 12:37pm
Hi there,

Quoting N8s
Question about Heiken Ashi bars..... is the highest wick and lowest wick on the bar the highest price and lowest price??? I can't find out much about it.
See below:

Quoting Qpip
Those Heikin-Ashi candles are still a bit of mystery to me. I’m looking at one right now (1H) it’s red, has no upper shadow and a long lower shadow.

Now, I’m used to regular candes so that to me says price opened and is going down, never went up higher than opening, went down quite a bit and up again and is now at “the close” (bottom) of the cande.

However, that’s not it at all with Heikin Ashi. The current price is actually in the middle of the candle (1/2 and hour or so has passed).

For those tryting to undersand how the HA candles work, here’s some help:

Normal candlestick = OHLC.

Heikin-Ashi =

xClose = (Open+High+Low+Close)/4
Average price of the current bar

xOpen = [xOpen(PreviousBar) + Close(Previous Bar)] /2
Midpoint of the previous bar

xHigh = Max(High, xOpen, xClose)
Highest value in the set

xLow = Min (Low, xOpen, xClose)
Lowest value in the set
  • #1,222
  • Sep 27, 2007 12:55pm Sep 27, 2007 12:55pm
Quoting marc
Hi, Qpip!

Could you attach the EA you are using and its settings?

THX
I'm using the ea from cryten's post #804

As for the settings, they are according to the chart I last posted, ie GBPJPY will have filters = true, stop and reverse = true, TF is 1H and magic # 100 (the others are incremented 101, 102, etc) You also need to set "allow auto trading". If everything is OK you'll get a little smiling face right upper corner of your screen.
  • #1,223
  • Sep 27, 2007 12:58pm Sep 27, 2007 12:58pm
Thanks Q,
So that is some complicated stuff. How do you determine your stop loss for any trade? What does the SL usualy end up at? I'm currently using 15m time frame.
Thanks,
N8
  • #1,224
  • Sep 27, 2007 2:48pm Sep 27, 2007 2:48pm
Quoting Gnat
Hallo FinnFx!

I am also still in the process of "figuring out". Trailingstops seem to be hit too often in an early stage and make no sense if they are just too large. I arrived at Trailingsstops of 65 at 1H for GBPJPY, for the other JPY-crosses at 55 and at 45 for GBPUSD. It was alright for two days now, but far from being ready for a hot tip here.
Then we have the smaller timeframe discussion for retracement buying to grab extra pips today. Maybe you can have a look and let us know what you think.
I enter on the QQE only at this time with the various robots and manually I try to stick to the concept more closesly and find a good technique for a low entry (which may in the end flow into the EA ... lazy dog that I am).

Looking forward to the test-results, but take you time on that.

Back from work?
Gnat
Guten Abend Herr Gnat!

Sorry it took so long time to reply but I've been quite busy today. Didn't even have any time to look closer the retracement strategy. But it's an nice idea and you can make it work but I think it needs some practise to recognize pricepatterns and retracements and personally I wouldn't go any shorter than 15M which I've found quite profitable.

Let's see if I've more time tomorrow but I think I still try to find something on 1H and QQE so we could code it into EA and let it do the hard work

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #1,225
  • Sep 27, 2007 4:21pm Sep 27, 2007 4:21pm
Quoting N8s
Thanks Q,
So that is some complicated stuff. How do you determine your stop loss for any trade? What does the SL usualy end up at? I'm currently using 15m time frame.
Thanks,
N8
Read back a bit in this thread, the "natural" SLs were discussed along with hard SLs.

Currently, I have 3 accounts running:

Autobots - where I just let the bots do their thing naturally with no SL, no TP and no trailing stops (note that some pairs have filters, others don't, some are 1H, some 30m, some 4H because I wanted the optimal TF + optimal behaviour with regards to filters/no filters based on my backtests). I have no pair whose optimal backtest results were 15m time frame.

Humanbots - Exactly the same as above except the human (me) gets to fiddle about with stop losses (no good results so far) and trailing stops and all that, as well as bail out of trades when they're +100 pips, cause I'm a greedy human heh.

Bread&butterbots - Same setup as autobots, except I get out after reaching 40 pips/day, period, whatever combination of pairs get to that. This is my security for bill paying and other earthly matters.

Hope this helps. Also visit the journal for more details on backtesting results and setup etc.

It's not a complicated system at all, may sound complicated like the word paraphernalia which just means "stuff" when you come to think of it heheh , it's acually the easiest system I've found so far and it's also A FUN SYSTEM to watch, ponder about, analyse, test, and chat about cause the people here are so .
  • #1,226
  • Sep 27, 2007 4:37pm Sep 27, 2007 4:37pm
Quoting Qpip
Read back a bit in this thread, the "natural" SLs were discussed along with hard SLs.

Currently, I have 3 accounts running:

Autobots - where I just let the bots do their thing naturally with no SL, no TP and no trailing stops (note that some pairs have filters, others don't, some are 1H, some 30m, some 4H because I wanted the optimal TF + optimal behaviour with regards to filters/no filters based on my backtests). I have no pair whose optimal backtest results were 15m time frame.

Humanbots - Exactly the same as above except the human (me) gets to fiddle about with stop losses (no good results so far) and trailing stops and all that, as well as bail out of trades when they're +100 pips, cause I'm a greedy human heh.

Bread&butterbots - Same setup as autobots, except I get out after reaching 40 pips/day, period, whatever combination of pairs get to that. This is my security for bill paying and other earthly matters.

Hope this helps. Also visit the journal for more details on backtesting results and setup etc.

It's not a complicated system at all, may sound complicated like the word paraphernalia which just means "stuff" when you come to think of it heheh , it's acually the easiest system I've found so far and it's also A FUN SYSTEM to watch, ponder about, analyse, test, and chat about cause the people here are so .
Good Night, my Lady D'arbanville!

Other important words on this thread are...
Tipulidae (crane flies), Bibionidae (hairflies), Ceratopogonidae (biting midges), Cecidomyiidae (gall midges), Simuliidae (black flies)
which may be translated into "flying stuff".

What do you think about the "retracement buying stuff" discussed in unprecedented earnest during Central European Noon to Afternoon, better known as "The London Session"?

I am in a giggly mood as I just finished a fruitful NZD newsevent ... entering 128 lots ... survived and made money. Uff ... nothing as nice as a nosebleed, but coming close.

Soon entering sleeping mode
Gnat
and the flying flies who fly them

But only soon .. still sitting here... tapptapptapp 8-)
  • #1,227
  • Sep 27, 2007 4:45pm Sep 27, 2007 4:45pm
Quoting Gnat
Good Night, my Lady D'arbanville!

Other important words on this thread are...
Tipulidae (crane flies), Bibionidae (hairflies), Ceratopogonidae (biting midges), Cecidomyiidae (gall midges), Simuliidae (black flies)
which may be translated into "flying stuff".

What do you think about the "retracement buying stuff" discussed in unprecedented earnest during Central European Noon to Afternoon, better known as "The London Session"?

I am in a giggly mood as I just finished a fruitful NZD newsevent ... entering 128 lots ... survived and made money. Uff ... nothing as nice as a nosebleed, but coming close.

Soon entering sleeping mode
Gnat
and the flying flies who fly them
LOL

I'll call you THE FLY from now on, which is much easier than trying to pronounce the G in GNAT in my head, even though cryten pointed out it's pronounced NAT, I don't like that cause for me, NAT is the nick for Natalie and I'm not convinced you're a Natalie type hehehehe.

I did read through the retracement thing, interesting. However, I'm not in an "adding other elements to the system" mode right now, more in a "testing out the shnoot out of the current parameters" mode. Then later I might steer into improvements. My results are just so mind boggling right now, I don't even feel like being greedyER. I'll post something in a sec that I sent myself from work today (yup I send myself emails...........)
  • #1,228
  • Sep 27, 2007 4:52pm Sep 27, 2007 4:52pm
Quoting Qpip
LOL

I'll call you THE FLY from now on, which is much easier than trying to pronounce the G in GNAT in my head, even though cryten pointed out it's pronounced NAT, I don't like that cause for me, NAT is the nick for Natalie and I'm not convinced you're a Natalie type hehehehe.

I did read through the retracement thing, interesting. However, I'm not in an "adding other elements to the system" mode right now, more in a "testing out the shnoot out of the current parameters" mode. Then later I might steer into improvements. My results are just so mind boggling right now, I don't even feel like being greedyER. I'll post something in a sec that I sent myself from work today (yup I send myself emails...........)
LOL... greedyER... so nice!

Gnat works fine if you pronounce the "G" while your nose is stuck... This leads to feeling much worse than before. Immediately pick up the phone then and call the "to be sacked boss" and tell him your not going to be in the office.

And well ... it would be a quite amazing Natalie, the ME Natalie. Would not even work in the dark I guess.

I will await your post and I guess you are right. The good thing about the system is that it is not complicated. Retracement buying is rather a manual style one could learn/get accustomed to later on.

Jet-Gnat

Oh... Emailing yourself seems to be a Canadian thing. My sister works and lives in Calgary. She is even more comlicated. She sends me Emails that I forward to her private Email as she cannot post anything to hotmail accounts from her office.
  • #1,229
  • Sep 27, 2007 5:05pm Sep 27, 2007 5:05pm
Ramblings from work this afternoon........

The autobots are like bacteria - dunno if you've ever looked at bacteria under a microscope. Or fungi, maybe, anyway something that spreads real quickly (love? cancer? blueberry jelly heh). Not sure which metaphore to use here but since the beginning of the week the balance in my autobot account just keeps growing and growing, sometimes it slighly deflates, pouring "realized gains" into the balance sheet (and sometimes smallish losses, just for the fun of it) and then other trades join the party and start growing, and around and around we go. We're currently floating around +500.

I currently have a "realized gains" balance much higher in my humanbot account, simply cause I bailed out of 2 gbpjpy trades +192 and +134 (+ other small gains/losses) for a net of +450 at the moment. But I'm eager to see how much the autobots will render and frankly I'd like them to be the winners because I'm the human in the humanbots and I'd much rather not be involved in decisions.

But on the other hand, what if something happens and the system doesn't work anymore? What will I rely on, then? My trading skills,,,,,,,, hmpf. I can draw pretty sexy trendlines, but am unsure as to their "meaning". I've splattered Fibonnacheeze (heh) on my screen but am clueless as to whatdafacka they will tell me. I've run trilliion tests on my friend the russian Diabolic Tsar, married Stochs forever and divorced one week later, invented MY OWN systems with various moving average crosses. And am still flirting with any new idea that comes my way.

I'm a floating trader right now who docked on a Supernova wharf. I'm secure and the waters around me are turquoise and filled with fish, and I'm reaping in a boundyfull in my nets.

And I'm dreaming and it feels reaaaaaaaaaal good .

NOW BACK TO WORK !
  • #1,230
  • Sep 27, 2007 5:17pm Sep 27, 2007 5:17pm
Quoting Qpip
Ramblings from work this afternoon........

The autobots are like bacteria - dunno if you've ever looked at bacteria under a microscope. Or fungi, maybe, anyway something that spreads real quickly (love? cancer? blueberry jelly heh). Not sure which metaphore to use here but since the beginning of the week the balance in my autobot account just keeps growing and growing, sometimes it slighly deflates, pouring "realized gains" into the balance sheet (and sometimes smallish losses, just for the fun of it) and then other trades join the party and start growing, and around and around we go. We're currently floating around +500.

I currently have a "realized gains" balance much higher in my humanbot account, simply cause I bailed out of 2 gbpjpy trades +192 and +134 (+ other small gains/losses) for a net of +450 at the moment. But I'm eager to see how much the autobots will render and frankly I'd like them to be the winners because I'm the human in the humanbots and I'd much rather not be involved in decisions.

But on the other hand, what if something happens and the system doesn't work anymore? What will I rely on, then? My trading skills,,,,,,,, hmpf. I can draw pretty sexy trendlines, but am unsure as to their "meaning". I've splattered Fibonnacheeze (heh) on my screen but am clueless as to whatdafacka they will tell me. I've run trilliion tests on my friend the russian Diabolic Tsar, married Stochs forever and divorced one week later, invented MY OWN systems with various moving average crosses. And am still flirting with any new idea that comes my way.

I'm a floating trader right now who docked on a Supernova wharf. I'm secure and the waters around me are turquoise and filled with fish, and I'm reaping in a boundyfull in my nets.

And I'm dreaming and it feels reaaaaaaaaaal good .

NOW BACK TO WORK !
This is actually rather poetic ... really nice. Rather seldom to see humanoids able to reflect upon themselves without loosing their sense of humour and without a slight glimpse of being pathetic.

Please feel at home at the Supernova wharf and do not squatt the flies out there. I guess you are up to something good here. I have seen many strategies and concepts during my time in the bank. Supernova is REALLY good. We only need to make it practicable and even that is moving forward with amazing professionalism between all the fun there is in here.

I think I will sleep well. This was very nice to end a day in a good mood. Thanks!

Fly Gnat
who owns a T-Shirt stating "Canada kicks ass"
which is not poetic as such. But drastic. And not Natalie like
  • #1,231
  • Sep 27, 2007 5:54pm Sep 27, 2007 5:54pm
Quoting N8s
Question about Heiken Ashi bars..... is the highest wick and lowest wick on the bar the highest price and lowest price???
N8
Heiken Ashi info here.

http://www.ensignsoftware.com/tips/tradingtips57.htm

anyone using HA should read this.
  • #1,232
  • Sep 27, 2007 6:38pm Sep 27, 2007 6:38pm
Quoting Gnat
Gnat works fine if you pronounce the "G" while your nose is stuck... This leads to feeling much worse than before. Immediately pick up the phone then and call the "to be sacked boss" and tell him your not going to be in the office.
I had a 2 day flu (tuesday + wedsnesday) then went in today (thursday). I’ll be pronouncing G-nat before going to bed shortly and proceeding as you prescribed. If my boss is not happy with this, I will tell him to email my Doctor Fly, ok?

Quoting Gnat
and do not squatt the flies out there
The last thing I’ll get rid of, on the Island of Supernova, is flies like you. Or morons who are oxidized, or awesome flowery bushes, or triple sams, or finns or anyone else who funly (new word?) contributes.

Good night Lord of the Flies, and the rest of this crazy clan hehheheh.
  • #1,233
  • Sep 27, 2007 6:47pm Sep 27, 2007 6:47pm
Quoting BookerT
Heiken Ashi info here.

http://www.ensignsoftware.com/tips/tradingtips57.htm

anyone using HA should read this.
Hi Booker,

Excellent read you posted there. Except I'll need to re-read it because according to my internal time zone, it's a bit late to understand all the intricacies.

For me, HA candles are a visual trend aid, no more. I actually put up OHLC candles on my backtesting charts as these are the ones that show me the info I understand for analysis purposes.

But definitely will give if a more thorough read 2-more-row.
  • #1,234
  • Sep 27, 2007 7:20pm Sep 27, 2007 7:20pm
i think the EA failed to enter on valid signals due to an issue with the time parameter ( a guess).

magic number/take profit parameter would be nice too.

pic att.
Attached Image (click to enlarge)
Click to Enlarge Name: EA v1_2 note 01.jpg Size: 80 KB
  • #1,235
  • Sep 27, 2007 8:15pm Sep 27, 2007 8:15pm
Hi Ninja,

I think you must switch on your EA setting,
from your picture seem like your EA is OFF !

Please try this

Hope can help a bit

WS168

Quoting fx_ninja
i think the EA failed to enter on valid signals due to an issue with the time parameter ( a guess).

magic number/take profit parameter would be nice too.

pic att.
Attached Image
  • #1,236
  • Sep 27, 2007 8:18pm Sep 27, 2007 8:18pm
thx. it was actually on. i turned it off after the late entry, then took the screenshot.
  • #1,237
  • Sep 27, 2007 8:45pm Sep 27, 2007 8:45pm
Mine EA running well with following setting from someone at this thread.
I think Uconn may explain your EA problem.

Quoting fx_ninja
thx. it was actually on. i turned it off after the late entry, then took the screenshot.
I have read at this thread, one have smart idea to following the trend from D1 , H1 to enter, while D1 & H1 trend is up then Long for the dip position at M5. Vice versa.

How about this idea Cryten ?, is seems good for this system ?

Can we set the EA for only Long or Short position for a while ?
Someone can help how to set this ?http://www.forexfactory.com/images/icons/icon7.gif

WS168
  • #1,238
  • Sep 27, 2007 10:11pm Sep 27, 2007 10:11pm
Hi All,

Firstly, I like to thank especially to Cryton and other member of this thread for this great system.

For the past few days, I have been reading this thread with great interest.

My first contribution to this thread by creating new mtf indicator which similar output with previous indicator but it will display correct colour ( if the price is around t3 line eventhough dmi and qqe agree, it should should display yellow instead of other colour )

I have attached the code & picture for explanation
Attached Image (click to enlarge)
Click to Enlarge Name: supernova.png Size: 65 KB
Attached File(s)
File Type: ex4 #MTF_supernova_j1.ex4   4 KB | 492 downloads
  • #1,239
  • Sep 28, 2007 1:38am Sep 28, 2007 1:38am
Hi all,


Strange thing is why I always get a negative capital curve when use the EA backtest? Cant get any like results of others...
  • #1,240
  • Sep 28, 2007 1:44am Sep 28, 2007 1:44am
Quoting BookerT
Heiken Ashi info here.

http://www.ensignsoftware.com/tips/tradingtips57.htm

anyone using HA should read this.
Thanks Booker's Tom!

This is much shorter and more to the point than the pamphlet I was reading to refresh my understanding of Heiken Ashi bars. Maybe we should put the link to a more prominent place for people to understand this part of the system. (? First page ?)

Good morning!
Gnat
Attached Image
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