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Supernova GBP/JPY Mini Trend Catcher

  • #1,961
  • Edited 2:48pm Oct 21, 2007 4:17am | Edited 2:48pm
Ok, here's one test with QQEA. It sure can give you extra incomes but It's all about finding good setups. I'm not saying these are the best you can use but it's in right direction Please notice that results are in dollars not pips.

- finnfx

edit. There was something wrong in MT EA-tester, I had 90% modelling quality but still results were wrong And I noticed also human error in settings, they were different in EA-testing and in excelsheet... Sorry everybody...
If you want to win you need a Finn (an old English saying from the 60's)
  • #1,962
  • Oct 21, 2007 4:18am Oct 21, 2007 4:18am
Quoting orion70
I haven't had much to contribute to the thread lately so I thought I would post this...for those with limited time to spend staring at their monitor The numbers in the table are the average number of pips gained or lost during that particular session.

http://i5.photobucket.com/albums/y17...tradetimes.jpg
Hi Orion,

...sorry but the table is not clear for me. I see only positive numbers. How to distinguish between gains and losses
  • #1,963
  • Oct 21, 2007 5:11am Oct 21, 2007 5:11am
Quoting finnfx
Ok, here's one test with QQEA. It sure can give you extra incomes but It's all about finding good setups. I'm not saying these are the best you can use but it's in right direction Please notice that results are in dollars not pips.

- finnfx
nice results Have you backtested manually, or are there already an EA witch can be used with QQEA?
  • #1,964
  • Oct 21, 2007 5:24am Oct 21, 2007 5:24am
Quoting ghido
Hi Orion,

...sorry but the table is not clear for me. I see only positive numbers. How to distinguish between gains and losses
The table does not show gains/losses. It just indicates volatility. For example, GJ is most volatile during the European session.
  • #1,965
  • Oct 21, 2007 5:34am Oct 21, 2007 5:34am
Quoting matrixebiz
I love the system but was wondering what you guys do or look at that lets you know a possible bad signal? I've been looking back in time on the charts to try and find some sort of pattern like all indicators crossing at the same point in time gives the best signal but haven't really pin pointed an exact scenario. What I would like, and I think everyone else would agree, is that I would like to, lets say, have four inticators on my chart and when I see that they all are giving me a signal at the same time then this is the real deal and not a possible false. Maybe it does this already and I just don't know how to read all the indicators properly and would like some help on if I need to read them correctly. Sorry, for the long post, hope I didn't confuse anyone Maybe we need to add one more indicator?
Thanks

EDIT:This indicator seems pretty good to if I can just get the settings correct to align correctly with the charts on 5M
Haven't looked at 5M yet but 4,3,1,1 seems to work well on 4H.
  • #1,966
  • Oct 21, 2007 7:00am Oct 21, 2007 7:00am
I saw Qpips results of backtests from year 1999 and I agree that it doesn't make big sense to go so much in the past. However look at 1-2 years ago may be interisting...

Test is done on GBPJPY with simple "dot to dot strategy", no SL or TP...just QQE signals on 4H timeframe.

Year 2007 (from January till August) : awesome!

http://img140.imageshack.us/img140/4705/a1vm3.jpg

http://img440.imageshack.us/img440/2627/a1ey4.jpg

Year 2006 : not too bad...

http://img88.imageshack.us/img88/181/a1dn2.jpg

http://img296.imageshack.us/img296/2305/a1lz8.jpg

Year 2005 : at the end still positive but not really what we expected...

...see next post:
  • #1,967
  • Oct 21, 2007 7:04am Oct 21, 2007 7:04am
http://img136.imageshack.us/img136/1057/a1pm5.jpg

http://img155.imageshack.us/img155/1102/a1nz4.jpg


Main question is: will the market to continue to perform like this year or should we expect the possibility of bad results??
For sure we have to look for better settings and find out a good exit strategy
  • #1,968
  • Oct 21, 2007 8:15am Oct 21, 2007 8:15am
Matrixebiz:

As far as I know, there is no time-out feature, as you describe.
When the indicators that you have selected are all in agreement, the bot will trigger a buy or sell order, irrespective of the time duration.

Glenn
  • #1,969
  • Edited 10:46am Oct 21, 2007 8:31am | Edited 10:46am
Quoting winsteadglenn
Matrixebiz:

As far as I know, there is no time-out feature, as you describe.
When the indicators that you have selected are all in agreement, the bot will trigger a buy or sell order, irrespective of the time duration.

Glenn
Ok, also can you explain to me how CCI works for signaling? What does Threshold of 100 mean? Do I need to add a Level line at 100 so I know what it's crossing when a signal is made? I don't understand what it is doing just looking at it's zigzag line unlike the others I was explained already what line crosses what line but CCI just has the one line. Does it work the same as momentum? and when it crosses the 0 line?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,970
  • Edited 12:10pm Oct 21, 2007 11:31am | Edited 12:10pm
Quoting matrixebiz
Ok, also can you explain to me how CCI works for signaling? What does Threshold of 100 mean? Do I need to add a Level line at 100 so I know what it's crossing when a signal is made? I don't understand what it is doing just looking at it's zigzag line unlike the others I was explained already what line crosses what line but CCI just has the one line. Does it work the same as momentum? and when it crosses the 0 line?
Thanks
Hi Matrix!

CCI for Supernova is something I developed for exiting trades on 15M with the help of 30M. Here's one of my posts: http://www.forexfactory.com/showpost...&postcount=980 .

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #1,971
  • Oct 21, 2007 11:57am Oct 21, 2007 11:57am
one request: is it possible to make a sound alert for the supernova indicator that shows different color bars (blue is when the system lines up for buy and red is when lined up for sell). It is a wonderful indicator, thanks a lot...
  • #1,972
  • Oct 21, 2007 12:09pm Oct 21, 2007 12:09pm
Quoting finnfx
Hi Matrix!

CCI is something I developed for exiting trades on 15M with the help of 30M. Here's one of my posts: http://www.forexfactory.com/showpost...&postcount=980 .

- finnfx
Ok, thanks. Any info on how Damiani works?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,973
  • Oct 21, 2007 12:50pm Oct 21, 2007 12:50pm
Hello to all here, this is my first post in FF, but most definately not my first read. A good friend of mine introduced me to forex about a half a year ago and I was addicted instantly. I am very (posterior retentive) about what i do and how i do it and how i analyze things before i get into them. I demo'd for two months straight and the last month and a half of it being so successful that i jumped right in with a rather large amount at the beginning of month three. It has been a roller coaster ride to say the least as i have tried to fine tune my trading style. from time to time my good friend (Jimbop) has tried to co-erce me into some trading sytem or another, and none of them have seemed to really hit the spot for me. he told me about supernova about a a week ago and ashamedly i will admit that i dismissed it all together. then i gave him my attention for a day and he showed me that this truly does appear to be an amazing system. i sat with him for about an hour and a half and paper traded this and as i recall it was somewhere around a 50-60 pip gain, just that easy. Needless to say i have spent the last three days scrutinizing and reading the first 1200 posts to this thread and was amazed to find not one critic, only happy helpful and co-operative boss-sacking wannabe's... I Acknowledge Cryten for his ingeniousness, Qpip for her incredible similarities and abilities in understanding these indicators and her insane sense of humor, and Awesome792 for her amazing discipline for sticking with her demo trading for so long despite the temptations, (DISCIPLINE) may we all have a little piece of that pie. lol. and everybody else who has contributed to this thread and made it so wonderful of a system that even mr skeptic himself (ME) has decided to give this system my full attention. Happy pippin everyone, and a thanks to my friend Jimbop for this little addiction he so generously placed on my table in the form of a little web address on a piece of paper one day at the office.. Check this out if you get some time he says, 6 months later here i am going full bore, and now found something that seems just that much better. best of luck to everyone as the week is about to kick off.
  • #1,974
  • Oct 21, 2007 12:53pm Oct 21, 2007 12:53pm
What volume indicator should I use? The EA has a volume threshold.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,975
  • Oct 21, 2007 5:10pm Oct 21, 2007 5:10pm
Quoting awesome792
The market is just crazy!! The buy signal I was able to get +10 pips and sell signal I was able to get +60 pips I closed this trade at 4:15 candle because I knew that news was coming around 4:30am. I'm tired now and need to sleep Happy Trading!!!!

(english is not my native language) Hi awesome, i m very happy to see you have success whith this system !
So i would like to know if you use the same setup of the first post of this thread ?
Thanks !
Luk
  • #1,976
  • Oct 21, 2007 5:55pm Oct 21, 2007 5:55pm
Quoting Trol007
(english is not my native language) Hi awesome, i m very happy to see you have success whith this system !
So i would like to know if you use the same setup of the first post of this thread ?
Thanks !
Luk
Hey, Awesome uses the same setup but includes Pivot points and the itchy cloud as well. if you click on her username and bring up her profile click on search for all her posts you will see quite quickly how she trades supernova
  • #1,977
  • Edited 7:10pm Oct 21, 2007 6:54pm | Edited 7:10pm
Ok, I see with the EA you have a few indicators True all have to be in agreement but what about multiple Exits enabled? Does it just take the first one that is the opposite and exits the trade? If I select exit on DMI, what is it waiting for? Blue and Pink to cross again?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,978
  • Oct 21, 2007 7:32pm Oct 21, 2007 7:32pm
Quoting ghido
Main question is: will the market to continue to perform like this year or should we expect the possibility of bad results??
For sure we have to look for better settings and find out a good exit strategy
I always ask me that question.....
is it safe to use a system in 2008, that is very good during 2007 but is not good during 2006?
you never know when the market behaviour is going to change... :/
  • #1,979
  • Oct 21, 2007 7:58pm Oct 21, 2007 7:58pm
Quoting emda
I always ask me that question.....
is it safe to use a system in 2008, that is very good during 2007 but is not good during 2006?
you never know when the market behaviour is going to change... :/
No but unlike breakout systems and such we are not expecting anything from the market, when price reaches X set buy stop and sell stop blah blah

As long as there is volatility and commmon sense i beleive this system will continue to work just fine.

( I'm talking about trading this live, the EA is another kettle of fish)
  • #1,980
  • Edited 9:38pm Oct 21, 2007 8:04pm | Edited 9:38pm
I have my EA set to trade on QQE and MOM and to close on DMI. Why did the EA do the second sell trade (circled) when it already did a sell?
How can I make the EA only trade once per QQE signal? When QQE is still in the buy area and a trade is closed it will still do another trade. I just want it to do one trade per signal change.
Thanks
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24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
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