The Bat...a strategy by Team Aphid

Rumbey,

I like the idea of the email alert. How did you set it up?

I'm short at 232.30

Go to the alerts tab on bottom of MT4 Platform and set it up manually

Hi I just set up a price alert near the nearest BAT line and that's it. in MT$ or your own trading software there should be a similar function. It goes to my mobile so I can check what's happening like earlier today. I reversed on the confirming hourly candle . The candle that goes lower than the first piercing candle. 100 pip stop loss move this to Breakeven after 100 pips so if price goes to 231.45. Then I leave it alone as its a free trade. This way you let your profits run and its completely stress free until the next BAT line comes into play for a reversal possibly but not always.

If September is as good as August I'll be happy

Dave

Rumbey,

Thanks, I got the alerts working. Another question: I understand your initial 100 pip S/L and then move to B/E or +10 after the price moves 80 pips.

But do you also trail your stop when the BAT line moves to lock in profits above 80 pips; or do you just leave it and wait for the alert and then reverse?

Hit my S/L at 233.30 Will wait for next signal.

I use the BAT for the trailing stop so you have to be patient. Anyway this is my first lose in 9 trades -100. So I am out . I will wait for the next signal

Dave

The orginal instrucitons on post #35 require the use of FF ATR Trailing Stop v1. Could someone please inform me where i could aquire this indicator?

The mt4 indicator is on the same post as the pdf.

Cheers

is the program FF ATR Trailing Stop v.1 the same as BAT ATR v1?

Yes I think is the same but with different atr fand factor numbers.

Dear team Aphid...

I have posted here a few times before in the past and have been working to try and find improvements to the basic system.

At present i am researching on how to use the BAT line as an entry signal and then a factor of a 7 period ATR as the stop and a first exit point. The stop would be placed 120% of the 7 period ATR below the entry price and the first exit would be placed 120% of the 7 period ATR above the entry price. The second part of the trade would be exited at the BAT line.

Also the trade would not be entered at the BAT line, but just 5 pips above the high of the candle that broker the BAT line. This would help keep us out of wipsaw trades.

The benefit of trading this way is that it stops some wipsaw trades but also helps increase the risk to reward of the best trades. Often the best trades just take off and don't look back and so the large stops which the system presently uses are not always beneficial, infact the large stops can be detrimental to the system when it is being wipsawed. I have been trading this system off the 4 hr chart.

I have also been communicating with PFXGlobal who offer free fundamental advise to people on this site. They have something called the seesaw which is an objective way of ranking the fundamentals of a currency.

http://www.pfxglobal.com/index.php?o...785&Itemid=191

The currencies are ranked by the central bank interest rates, 10 year yields, equity market dividend rates and RSI over weekly and monthly charts. So at the moment the JPY is the lowest ranked currency, while the AUD is the highest; therefore we would look to trade long positions on the AUD/JPY. The AUD is also the strongest pair against the USD and therefore we would look to trade long positions on the AUD/USD.. the GBP has been ranked highely over the last 18 months but has now slipped back below the USD and therefore has a bias for the first time in a while to the short side, however we would not trade this pair as they are very close on the seesaw.

I believe this could be a very good way of adding a fundamental bias to the BAT system in an almost totally mechanical manner. PFX have told me they are working on providing a history for the seesaw so that a system could be tested against this data.

Having traded within a firm i know this is a popular way of adding fundamental bias to a system in a highly simplified and objective way. Would appreciate some feed back and possible help in further researching this if your interested.

Regards,

Charles

p.s enjoying being subscribed to the Team Aphid Bird

Thanks Carlos. This sounds interesting! Which pairs do you use with this 4h-BAT?

Regards - Xaron

Why don't you post a chart so we understand better.

Hi,
this is still a very interesting system. How are you trading it? I'm using 2lots for trade 1...I hate the ranging periods of gbp/usd. It's hard to avoid strange movements

Here is a chart which kind of shows what i am talking about. The trade i am referring to is the long trade in the middle of the chart. I am looking at trading this on the daily chart also. This example is actually a bad trade which was stopped out just through the red line of the stop......

Hope this helps a little.

Charlie

I just got done D-Loading and reading this Pdf file. I see it is built around bar charts. Can this system also be used with candle stick charts at all or is it just for bar charts? Just thought I would ask.

Larry Liles

Charlie

Have you tried this method on 1 hour chart??

Hi,

i have also been looking at this on the 1 hr chart. i use factor and period of 3,3. I have also been trying to improve a way of filtering trades to go with the trend. I believe my inital way of the seesaws might not be sensative enough for this lower time frame.

I have used MACD with settings (60, 130, 45). I have found this cuts out many trades but a good number of trades can still be achieved if a number of currency pairs are used.

I don't believe that this is a process of curve fitting as I have moved this from a futures system i trade on the ER2. However; i would not recommend trading with this filter on higher time frames such as daily charts. I believe this would not be sensative enough and too many trades would be missed. On a lower time frame trade fequency and sensitivity are less important.

I am moving this system over to NinjaTrader for auto trading to my Interactive Brokers Account. This will also let me do some more extensive testing. However, first i need to do more manual testing.

Trading with the MACD filter on the 1hr chart allows you to take the trades that are with the trend and keeps u out when the market is oscillating because the MCAD signal line is often oscillating in the opposite direction. Lowering the BAT indicator settings to 3,3 makes the line more sensitive and means when i major trend is under way u can still catch part of this move. With the indicator set to 5,4 the trend filter will mean that u might miss the major move. Often you find that major moves start as counter trend move. Suprises to makets offer a squeeze on the market and an aggressive move and repostion in the opposite direction occurs. This is the reasoning to lower the indicators from 5,4 to 3,3.

Hope this helps

Cheers Charlie

Hey Charlie

thanks a lot for replying. I also trade futures (YM)

I have thse same concerns about the see-saw . Just for the sake of knowledge, try to lower to 1 hour frame and compare it to 4hr and notice that 1 hour will give you a lot less false signals.

Just do a simple observation without any other indi's.

Let me know what you think

Cheers