Supernova GBP/JPY Mini Trend Catcher | Page 73 | Forex Factory

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Supernova GBP/JPY Mini Trend Catcher

  • #1,441
  • Oct 6, 2007 6:18am Oct 6, 2007 6:18am
Quoting awesome792
How are you doing? I already know, no need to answer that. I will take your dream as confirmation for a Superior System. Yes I'm enjoying trading and the week of October 15 I will post on this thread daily on my status. Thank you so much for keeping me updated and I know your hard work will pay off!! Keep it up and much blessing to you!!
  • #1,442
  • Oct 6, 2007 6:24am Oct 6, 2007 6:24am
How are you my friend,

Yes! I have been trading your system since I first added all the indicators for this system to my charts. I truly love it. Even though my trading time is limited to the J-O-B, I will continue to trade. I just love Forex factory because of a somewhat new trader I have learned more in the last 2 months with forex factory and very happy to be a member. Thank you again and happy trading to you.

Quoting cryten
Hey Awesome,

Really nice to hear your still trading and doing well with it, don't be a stranger now
  • #1,443
  • Oct 6, 2007 6:30am Oct 6, 2007 6:30am
I just pm you back. Have a great day!


Quoting TSK
Hi Awesome

I just pm you.

Thanks!
  • #1,444
  • Oct 6, 2007 7:06am Oct 6, 2007 7:06am
Quoting awesome792
I just need to see if it has crossed over the 50% line agreeing to buy or sell.
wow I need to have a look at this I was trying to figure out an advantage with the 50 line and you may have done it!

Thanks awesome!
  • #1,445
  • Oct 6, 2007 7:11am Oct 6, 2007 7:11am
Quoting Gnat
Hallo, Obiwan Cryten!

The tester at ODL is giving me the willies! This thing is coming up with a 30% modelling quality after uploading tick-data into it!?! And when I call them, there is only the "We know nothing staff".

Maybe I will still give it a try and then re-test it, when IBFX has stopped their maintenance humbug!

Greetings from the dung
Gnat-Fly bzzz
oh dear! I would offer to join in but my record is about 55% quality with MT4
  • #1,446
  • Oct 6, 2007 8:56am Oct 6, 2007 8:56am
Quoting cryten
oh dear! I would offer to join in but my record is about 55% quality with MT4
See #357
  • #1,447
  • Oct 6, 2007 4:53pm Oct 6, 2007 4:53pm
I'm working my way through this thread but it's taking me ages. Thanks to cryten and all the other contributors.

I downloaded the zip file for metatrader from the first post. I loaded everything in the zip file but I'm getting arrows instead of dots. Is this the way it's supposed to be or am I doing something wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: superarrows.gif Size: 12 KB
  • #1,448
  • Oct 6, 2007 5:20pm Oct 6, 2007 5:20pm
Quoting cryten
My stop loss is usually set just above T3 if going long and just below if going short.
I don't mean to nit pick but do you mean the other way around i.e. if you're going long the stop is just below the T3?
  • #1,449
  • Oct 6, 2007 5:46pm Oct 6, 2007 5:46pm
Anyone looking for an ECN broker with GBP as the base currency you can open an account with Interactive Brokers. You only get 50:1 leverage and half of that if you're not trading your base currency. Also you need $5000 to open an account and you have to make sure your account never goes below $2000 or you have to pay more to close a position. But the spread is good so if you want a GBP account and you trade GBP/JPY it's probably your best option. Withdrawals are cheap and you get one free wire transer a month.
  • #1,450
  • Oct 6, 2007 6:23pm Oct 6, 2007 6:23pm
Quoting notouch
I don't mean to nit pick but do you mean the other way around i.e. if you're going long the stop is just below the T3?
Your right! I'll try to find this post and amend, thanks for letting me know
  • #1,451
  • Oct 6, 2007 7:29pm Oct 6, 2007 7:29pm
Quoting notouch
I'm working my way through this thread but it's taking me ages. Thanks to cryten and all the other contributors.

I downloaded the zip file for metatrader from the first post. I loaded everything in the zip file but I'm getting arrows instead of dots. Is this the way it's supposed to be or am I doing something wrong?
Skyline updated the alert indicator and replaced dots with arrows so yes this is fine
  • #1,452
  • Oct 6, 2007 9:49pm Oct 6, 2007 9:49pm
hey cryten thanks for this setup. now i have 3 supernova ea's which one do i use? supernova, supernova1-1, supernova EA Glen v1(1)(1).b?
so which one should i use? thanks
  • #1,453
  • Oct 7, 2007 3:18am Oct 7, 2007 3:18am
Hello all,

Does the supernova system work for you in the past week?
IN the week before last week, I got very good test result. 80% of winning.
While last week, I did the same trade only in the Euro market as I cant watch it all time and wait all QQE,DMI,Moment to be consistent then get in. The time frame I use is 15min and 30min. As you see, I lost 90% of the trades.



http://www.forexfactory.com/E:\report.jpg
  • #1,454
  • Oct 7, 2007 3:19am Oct 7, 2007 3:19am
for the detailed trades
Attached Image (click to enlarge)
Click to Enlarge Name: report.JPG Size: 79 KB
  • #1,455
  • Oct 7, 2007 3:42am Oct 7, 2007 3:42am
Quoting RedA
Hello all,

Does the supernova system work for you in the past week?
IN the week before last week, I got very good test result. 80% of winning.
While last week, I did the same trade only in the Euro market as I cant watch it all time and wait all QQE,DMI,Moment to be consistent then get in. The time frame I use is 15min and 30min. As you see, I lost 90% of the trades.
Hallo RedA!

Did you use one of the available EAs or did you place the trades manually? The EAs, all 5 versions, tend to perform better on timeframes above 30M => 1H, 4H (best).
Also trading during certain timeframes has not really been rewarding so far. The EAs, on the other hand, though taking still too much of a loss when the market goes against them, are showing such small relative drawdowns, that by definition they are stable on longer timeframes. By trading all 7 or 8 pairs you also have a slight portfolio effect of diversified risk and benefit from a more stable regular income.
If you are trading manually and you do not have enough time to monitor your positions on an hourly or four hour basis, you may actually want to go on to the daily timeframe. There the trades develop nearly no potential for a losing trade and you have more than enough time to plan your enries and exits and otherwise just let it go. Sounds boring, but may yield 300 - 500 pips without magic!

Good weekend to you!
Gnat
  • #1,456
  • Oct 7, 2007 4:04am Oct 7, 2007 4:04am
Quoting Gnat
Hallo RedA!

Did you use one of the available EAs or did you place the trades manually? The EAs, all 5 versions, tend to perform better on timeframes above 30M => 1H, 4H (best).
Also trading during certain timeframes has not really been rewarding so far. The EAs, on the other hand, though taking still too much of a loss when the market goes against them, are showing such small relative drawdowns, that by definition they are stable on longer timeframes. By trading all 7 or 8 pairs you also have a slight portfolio effect of diversified risk and benefit from a more stable regular income.
If you are trading manually and you do not have enough time to monitor your positions on an hourly or four hour basis, you may actually want to go on to the daily timeframe. There the trades develop nearly no potential for a losing trade and you have more than enough time to plan your enries and exits and otherwise just let it go. Sounds boring, but may yield 300 - 500 pips without magic!

Good weekend to you!
Gnat


Thanks Gnat.
I did trade manually cause I am not so confortable to let EA runing without supervision. As Cryten developed the system for short term trend catching, I just used it on short time frame. I take your opion, the system may work better on 1H or 4H frame at a price of have to use large SL right? Or still 20pips for SL?
  • #1,457
  • Oct 7, 2007 4:11am Oct 7, 2007 4:11am
Quoting RedA
Thanks Gnat.
I did trade manually cause I am not so confortable to let EA runing without supervision. As Cryten developed the system for short term trend catching, I just used it on short time frame. I take your opion, the system may work better on 1H or 4H frame at a price of have to use large SL right? Or still 20pips for SL?
Hi RedA!

Attached you will find two tableaus from the intensive testing by Qpip in the last weeks. You will see the optimal TF for each pair and the best performing SL and trailingstop. May actually look frightening, but it is the same with most EAs. Manual trading can be more flexible and you can move your stops around as the trade proceeds. As soon as you have to leave, just trail and lock in most of the profit.

Greetings!
Gnat
Attached Image (click to enlarge)
Click to Enlarge Name: timeframes.jpg Size: 70 KB
  • #1,458
  • Oct 7, 2007 5:17am Oct 7, 2007 5:17am
Quoting Gnat
Hi RedA!

Attached you will find two tableaus from the intensive testing by Qpip in the last weeks. You will see the optimal TF for each pair and the best performing SL and trailingstop. May actually look frightening, but it is the same with most EAs. Manual trading can be more flexible and you can move your stops around as the trade proceeds. As soon as you have to leave, just trail and lock in most of the profit.

Greetings!
Gnat
Hi Gnat,
I new in this thread, i see your tables, wow it is very high stop loss , i am a scalper so i use small TF (M5 and M15) to execute.
1. Are you have best setting for this EA in small TF?
2. What best session if we want to trade GJ pair with this EA?

Thanks.
Logic Wins; Impulse Kills.
  • #1,459
  • Oct 7, 2007 10:26am Oct 7, 2007 10:26am
Quoting sai_saphire
Hi Gnat,
I new in this thread, i see your tables, wow it is very high stop loss , i am a scalper so i use small TF (M5 and M15) to execute.
1. Are you have best setting for this EA in small TF?
2. What best session if we want to trade GJ pair with this EA?

Thanks.
Hallo Sai!!

Well, you are right, but we were trying to find out the optimal SL and Trailingstop and in the end a tighter stop ended good trades too early and would not make losing trades any more bearable!

to 1. Maybe for a scalper it would be better to use the template for manual trading in the way that Cryten described it in the first post. The EAs are too slow to really bring a lot of joy in these timeframes - but maybe that will change in the future.

to 2. For manual trading in the GBPJPY following the Supernova system the London & London + New Yoek session may be best. But that happens in the middle of your night I guess. Maybe you will get less trades during Tokyo session, but it will still be worth it.

Smaller timeframes are also covered by awesome792 and partly by finnfx on this thread. Maybe they can add their advice and as they also trade manually probably share some of their experience.

Welcome to the show!
Gnat
  • #1,460
  • Oct 7, 2007 10:59am Oct 7, 2007 10:59am
Quoting Gnat
Hallo Sai!!

Well, you are right, but we were trying to find out the optimal SL and Trailingstop and in the end a tighter stop ended good trades too early and would not make losing trades any more bearable!

to 1. Maybe for a scalper it would be better to use the template for manual trading in the way that Cryten described it in the first post. The EAs are too slow to really bring a lot of joy in these timeframes - but maybe that will change in the future.

to 2. For manual trading in the GBPJPY following the Supernova system the London & London + New Yoek session may be best. But that happens in the middle of your night I guess. Maybe you will get less trades during Tokyo session, but it will still be worth it.

Smaller timeframes are also covered by awesome792 and partly by finnfx on this thread. Maybe they can add their advice and as they also trade manually probably share some of their experience.

Welcome to the show!
Gnat
Thank you for your answer that very useful for me, I'm appreciate it.
Logic Wins; Impulse Kills.
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