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  • #601
  • Edited 4:14pm Oct 9, 2007 3:50pm | Edited 4:14pm
The parabolic trailing stop thing...

This is a concept that can really work with this system. What we need is a trigger to switch it on and off again, as it is bound to the clock.
IF the QQE lines draw closer than X, THEN start a parabolic trailing stop session with the following parameters: Timeframe: y, Closing Variable: 0,z
OR
IF CCI OR Momentum, or what ever... reaches a certain state, the parabolic sequnece is running for some time and is either triggered or will be set off again - if then the critical status is still there it will close only to be reopened right again.
This is programmable - but not for the next version I guess.

The trailing stop will in this case curve in on the price during the TF, the more time is spent, the tighter the stop.

OK?
Gmat
  • #602
  • Oct 9, 2007 3:56pm Oct 9, 2007 3:56pm
Quoting cryten
lol
I have three stations open on a 20'' monitor. This leaves me enough space to hit every little knob there in a fast succession. But when the managetp is taking over and the trade just runs, I just sit back and wait. When everything is gone I normally just take the EA off and look at the results.
This was a canadian report folllowed within 30 minutes by a likewise important US report. When the trade no. 1 fired off, I saw the managetp take profit twice and closed the EA to instantly switch over from USDCAD to GBPUSD, where I trade my US reports. I set up the managetp again and prepare everything for the trade. This one was a lame duck and I did nothing. Closed the EA again and went to fetch some coffee - got distracted by family matters and came to my office maybe 1,5 hours later, just to find 3x3 mlots still on the screen with USDCAD really far into the money.
That is how I sometimes forget ... LOL you are right - some lots.
  • #603
  • Oct 9, 2007 4:42pm Oct 9, 2007 4:42pm
Quoting Gnat
The parabolic trailing stop thing...

This is a concept that can really work with this system. What we need is a trigger to switch it on and off again, as it is bound to the clock.
IF the QQE lines draw closer than X, THEN start a parabolic trailing stop session with the following parameters: Timeframe: y, Closing Variable: 0,z
OR
IF CCI OR Momentum, or what ever... reaches a certain state, the parabolic sequnece is running for some time and is either triggered or will be set off again - if then the critical status is still there it will close only to be reopened right again.
This is programmable - but not for the next version I guess.

The trailing stop will in this case curve in on the price during the TF, the more time is spent, the tighter the stop.

OK?
Gmat
Where can I get my hands on this indic? (I want the exact same version you've got) I'll start some tests right away
  • #604
  • Oct 9, 2007 4:44pm Oct 9, 2007 4:44pm
Gnat can I ask who do you use for your fundies, forex factory or do you have a news service? You don't trade the spike but rather choose a direction before news is released as apposed to a straddle?

I'm looking at a new broker AleccohFX. They are IB for UBS and "guarantee" TP and SL that is set at least 5min before the news but you have to wait 3 min till news is finished if you want to modify any orders.
  • #605
  • Oct 9, 2007 4:49pm Oct 9, 2007 4:49pm
Quoting Qpip
Where can I get my hands on this indic? (I want the exact same version you've got) I'll start some tests right away
Well - this is how it will work if we implement the concept into a future EA. It will not work in a test, as we cannot run two EAs in one test.
This is only to show the possibilites of combination with already included or other indicators. (RSI, CCI)
I have no means to get something "testable" together.
I will play a bit with the graphics programs here to make another visualization.

The other timeframe seems also possible for an exit. The EA has to read the Metatrader Data during the trade. This may lead to a time lag of a few millisecs, but that is nothing compared to 4-8 hours.

Thats how it looks!
Gmat
  • #606
  • Oct 9, 2007 4:56pm Oct 9, 2007 4:56pm
Quoting cryten
You don't trade the spike but rather choose a direction before news is released as apposed to a straddle?
lol how many questions can I fit in one sentence
  • #607
  • Oct 9, 2007 4:58pm Oct 9, 2007 4:58pm
Analysing the behavior of my Frühstück Bots today, a few observations:

1. When the 40 pips is reached and the trade is closed, the bots don't immediately re-take a trade (which is exactly what I want, I feared what would happen was on a given pair, since all signals still agree, they'd re-take and re-take etc. which would have lead to a similar behaviour to the bots with no TPs. I think they'll simply wait for an opposite signal and re-enter. This is just fine. I don't care if I "lose" some great potential, that's not the point of these bots. And since they're ahead of the ones without any TP, they're my favourite at the moment.

2. The drawdowns are minuscule compared to the profits (in number and in size). Which is just dandy!!!
  • #608
  • Oct 9, 2007 4:59pm Oct 9, 2007 4:59pm
Quoting cryten
Gnat can I ask who do you use for your fundies, forex factory or do you have a news service? You don't trade the spike but rather choose a direction before news is released as apposed to a straddle?

I'm looking at a new broker AleccohFX. They are IB for UBS and "guarantee" TP and SL that is set at least 5min before the news but you have to wait 3 min till news is finished if you want to modify any orders.
I have visited their website also and have seen their CEO on the thread here at FF. This will not at all work with news. First of all, entering 5 min. ahead is not always appropriate and you actually must get out within the first minute as sometimes the initial spike will just crumble and fall.

The managetp EA will move your stops and then they will not be headed, as the 3 min. are not yet over? No go there! Otherwise they seem to be better than expected. You never know who is behind a Lebanese these days, but their banking system is actually amazingly stable.

I have a bloomberg newsfeed and I really like the comments on FF also, as they are not biased that much. NewstraderFX actually has some nice insight - sometimes heavily biased, but he let's you know it is just his opinion!

Most importantly you really know the report(s). The connection between them - recent reports and trends. Crossconnections AUD Tradebalance and GBP always into different directions etc.. Transitions: Canada becoming mainly an Oil-exporter and the impact on their Trade Balance.

I will put somethings together to get a round picture!

Greetz
Gnatzy
  • #609
  • Oct 9, 2007 5:05pm Oct 9, 2007 5:05pm
Quoting cryten
lol how many questions can I fit in one sentence
Right... quite amazing density there: I trade the spike by entering a single order into my predestined direction, based on what I read in all the context available to me. Then sometimes I even trade some "after the news strategy".
But I need to get out in up to no time!!
  • #610
  • Oct 9, 2007 5:07pm Oct 9, 2007 5:07pm
Quoting Gnat
I have visited their website also and have seen their CEO on the thread here at FF. This will not at all work with news. First of all, entering 5 min. ahead is not always appropriate and you actually must get out within the first minute as sometimes the initial spike will just crumble and fall.

The managetp EA will move your stops and then they will not be headed, as the 3 min. are not yet over? No go there! Otherwise they seem to be better than expected. You never know who is behind a Lebanese these days, but their banking system is actually amazingly stable.

I have a bloomberg newsfeed and I really like the comments on FF also, as they are not biased that much. NewstraderFX actually has some nice insight - sometimes heavily biased, but he let's you know it is just his opinion!

Most importantly you really know the report(s). The connection between them - recent reports and trends. Crossconnections AUD Tradebalance and GBP always into different directions etc.. Transitions: Canada becoming mainly an Oil-exporter and the impact on their Trade Balance.

I will put somethings together to get a round picture!

Greetz
Gnatzy
Thanks Gnatatooey! I need to brush up on the fundies even if I do not trade them!
  • #611
  • Oct 9, 2007 5:08pm Oct 9, 2007 5:08pm
Quoting Qpip
Analysing the behavior of my Frühstück Bots today, a few observations:

1. When the 40 pips is reached and the trade is closed, the bots don't immediately re-take a trade (which is exactly what I want, I feared what would happen was on a given pair, since all signals still agree, they'd re-take and re-take etc. which would have lead to a similar behaviour to the bots with no TPs. I think they'll simply wait for an opposite signal and re-enter. This is just fine. I don't care if I "lose" some great potential, that's not the point of these bots. And since they're ahead of the ones without any TP, they're my favourite at the moment.

2. The drawdowns are minuscule compared to the profits (in number and in size). Which is just dandy!!!
No reentering is really important. Otherwise they were the dung and dustbin bots... and no Frühstück in sight!

How do they keep the losses at bay?
  • #612
  • Oct 9, 2007 5:22pm Oct 9, 2007 5:22pm
Hallo U2!

I am really tired and need to go to bed now. 40 posts today, mainly to answer all the questions on the forum and to keep people informed are taking their toll.
Guess I will sleep a bit longer tomorrow and will be in a better mood then.

Good Night! See you on the morrow!
GMatt

Ach Du Scheisse... auch das noch!
  • #613
  • Oct 9, 2007 5:25pm Oct 9, 2007 5:25pm
G'night GMatt,

Thanks for answering in the Spnva thread

Ciaoo


Quoting Gnat
Hallo U2!

I am really tired and need to go to bed now. 40 posts today, mainly to answer all the questions on the forum and to keep people informed are taking their toll.
Guess I will sleep a bit longer tomorrow and will be in a better mood then.

Good Night! See you on the morrow!
GMatt

Ach Du Scheisse... auch das noch!
  • #614
  • Oct 9, 2007 5:26pm Oct 9, 2007 5:26pm
Quoting Gnat
No reentering is really important. Otherwise they were the dung and dustbin bots... and no Frühstück in sight!

How do they keep the losses at bay?
I ........ simply don't know. It's just that way (but I'll find out as I will analyse these to death). Like the perfect behaviour, right? Bigger/more numerous profits and smaller/less numerous drawdowns. No need to be a calculus professor to know this will draw an UPGOING balance graph in time
  • #615
  • Oct 9, 2007 5:27pm Oct 9, 2007 5:27pm
NITE NAT
  • #616
  • Oct 9, 2007 5:28pm Oct 9, 2007 5:28pm
Quoting cryten
G'night GMatt,

Thanks for answering in the Spnva thread

Ciaoo
Thanks! Goodnight!!
  • #617
  • Oct 9, 2007 5:35pm Oct 9, 2007 5:35pm
Here's a pic of the breafast bots since monday morn (times are CET):

http://i20.tinypic.com/358o47m.jpg

BALANCE = $ 243.24
  • #618
  • Oct 9, 2007 6:10pm Oct 9, 2007 6:10pm
Quoting Qpip
Here's a pic of the breafast bots since monday morn (times are CET):

http://i20.tinypic.com/358o47m.jpg

BALANCE = $ 243.24
and here is my results for first week demo testing letting my desktop run while I was out of town. Ignore first two as I had lot size wrong and closed manually.
Attached Image (click to enlarge)
Click to Enlarge Name: supernovaweek1.gif Size: 21 KB
Trade what you see, not what you think.
  • #619
  • Oct 9, 2007 6:36pm Oct 9, 2007 6:36pm
Quoting maestr2
and here is my results for first week demo testing letting my desktop run while I was out of town. Ignore first two as I had lot size wrong and closed manually.
Hi there Maestr2,

What tfs are you using?

Mine are the shorter tfs + optimal settings in my latest post (scroll a few pages back) + 40 pips TPs on the 6 pairs.
  • #620
  • Oct 9, 2007 7:44pm Oct 9, 2007 7:44pm
Quoting Qpip
Hi there Maestr2,

What tfs are you using?

Mine are the shorter tfs + optimal settings in my latest post (scroll a few pages back) + 40 pips TPs on the 6 pairs.
as per your chart for the longer time frames but varying tp's. will try with standard 40 or so and let you know next week.
Trade what you see, not what you think.
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