Supernova GBP/JPY Mini Trend Catcher

Quoting winsteadglenn

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Good bucks on the five min window, KrytoniteKryten Three pairs.
I had it loaded with :
True entry for everything but Damiani and Vol.
Laguerre entry at level 0.45 Gamma 0.58. (Yeah ZInvestor)
Exit on everything I could find.
Laguerre exit :standard Gamma 0.85.
Parabolic Stop candle Trail by One dot. (Yeah Jin !)
10% MM true.
CCI level 100. Still seems to like this exit for major moves.
Me like Juice. (Yeah, Jin !)

I had some problems with trades in the early night, so I reloaded everything.

I just love it when things are working well. I am very optimistic that this thing will make us all very rich. Adding the CCI for entry filtered out some awful oscillations during the dead zone hours.
Remember to send Skyline money, if it is working well for you.
NoFX: Such beautiful dogs; it is hard to choose.
Glenn

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Quoting winsteadglenn

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Newbie: Damiani may prefer a setting of 1.1.
Juice is self-adjusting, just like the valves on Wolfy's Harley.
Matrix: See my note above about Laguerre. Exit has be baffled, since my gamma of 0.3 is not even close to default.

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Quoting fxtradera

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Hi folks

I picked up on this thread around a week ago and read some and downloaded the EA. I'm really impressed by the collaboration and surprised by the limited number of replies from a small subset. But that's nice.

Anyway I set up the EA on a 50k mini account and left the settings as I found them, aside from setting FixedLots at 4.0. I set the EA up on several 30 min charts. Lots traded are 1.50, so I'm assuming this is 3% risk of the 50k and that it ignored the FixedLot value? Initially there was a $250 drawdown, but this has now turned around to +$750. If my assumption is correct, and account size grows, is it possible to open up trades based on 3%/whatever of the actual balance?

I'm interested in backtesting and forward testing. I've read about some of the settings but wondering about the validity given some doubts about MT4 backtest and the amount of historic data. Were those values tweaked based on the data available?

I've done a lot of backtesting using systems built using a different chart software. It doesn't offer as much functionality for coding entry/exits, but the backtest results are accurate. What I found was, for example, that systems that looked good for the last 6 months, the results for the previous 2 years were pretty crappy.

My point is that I'd be interested to collaborate and help if people plan or want to do some forward testing using different timeframes and values and some further analysis of backtesting if the data and testing is valid. That way we can get a better handle on what may be more effective and also perhaps find any bugs or odd things or good observations that might help to improve things further.

Thoughts?

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Quoting fxtradera

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Hi folks

I picked up on this thread around a week ago and read some and downloaded the EA. I'm really impressed by the collaboration and surprised by the limited number of replies from a small subset. But that's nice.

Anyway I set up the EA on a 50k mini account and left the settings as I found them, aside from setting FixedLots at 4.0. I set the EA up on several 30 min charts. Lots traded are 1.50, so I'm assuming this is 3% risk of the 50k and that it ignored the FixedLot value? Initially there was a $250 drawdown, but this has now turned around to +$750. If my assumption is correct, and account size grows, is it possible to open up trades based on 3%/whatever of the actual balance?

I'm interested in backtesting and forward testing. I've read about some of the settings but wondering about the validity given some doubts about MT4 backtest and the amount of historic data. Were those values tweaked based on the data available?

I've done a lot of backtesting using systems built using a different chart software. It doesn't offer as much functionality for coding entry/exits, but the backtest results are accurate. What I found was, for example, that systems that looked good for the last 6 months, the results for the previous 2 years were pretty crappy.

My point is that I'd be interested to collaborate and help if people plan or want to do some forward testing using different timeframes and values and some further analysis of backtesting if the data and testing is valid. That way we can get a better handle on what may be more effective and also perhaps find any bugs or odd things or good observations that might help to improve things further.

Thoughts?

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Quoting matrixebiz

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Is there a way from the trade info to find out what magic number initiated that trade?
I want to run the same currency on different TF but that is not good if I can't tell which TF made the trade

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Quoting Tmac

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run diff charts

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Quoting winsteadglenn

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Jin: When I fool with Laguerre exit, I find that gamma of 0.30 seems best for the five min. window. Is that reasonable?

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Quoting matrixebiz

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@Skyline, Please enable Magic Number print for trades in History please. I have another EA that when I hover the mouse over trade in History or save the detailed report it tells me the Magic Number. For me to properly trade your EA on the same one platform with same currency but different charts TimeFrames, this feature would be mandatory for the user as to decipher later that week what TimeFrame made what Trade, so I can tell what setting work best on what TF Thank you

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Quoting Jin

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Sorry, I'm not using Laguerre, same with CCI, they may be good but I haven't personally tested them so I can't offer any advice.

Very glad the Juice and PSAR are working well for people

I am not the only one experiencing re-entries, trades are exited and then almost immediately re-opened. I see that in other people's screenshots too, it's not just me. So I don't understand why people are excited about the results so far, since they are very much different from what will occur when the re-entry bug is fixed... in my humble opinion

Jin.

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Quoting Gnat

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So there is a need to get rid of multiple entries.

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Quoting matrixebiz

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I have three charts open for GBP/JPY, 5M, 15M and 30M. How do I know which chart made the trade from the history after a week?
Or do you mean open three Platforms?

EDIT: @Skyline, Please enable Magic Number print for trades in History please. I have another EA that when I hover the mouse over trade in History or save the detailed report it tells me the Magic Number. For me to properly trade your EA on the same one platform with same currency but different charts TimeFrames, this feature would be mandatory for the user as to decipher later that week what TimeFrame made what Trade, so I can tell what setting work best on what TF Thank you

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Quoting Jin

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I think the problem is this :

* EA sees that one of the Exit indicators has crossed, let's use CCI as an example. Trade is exited because CCI crossed.

* Within the same bar as the exit, CCI re-crosses. Trade becomes valid again since all Entry indicators are back in alignment. Upon the opening of the next bar, the EA re-enters the market with a new trade. During that bar, CCI can re-cross again, so EA exits. CCI again dances over the line again, Entry indicators match again, EA re-enters on next bar again... And so on, and so on. That's just taking one indicator into account, the reality is that the combination of so many indicators can cause the validity of the Entries/Exits to flicker on and off regularly.

* Another example : Entry on CCI is not activated. Exit on CCI is activated. So, CCI reverses and EA exits trade. Then on open of next bar, EA will re-enter because it doesn't care where CCI is. Trade then exits almost immediately, only to be re-entered at open of next bar. This problem may not be obvious on higher timeframes, though it will still have the same effect. Everybody gets excited when coincidentally it multiplies profits. Then later it multiplies losses.

Every time you will pay the spread, but that's not the main problem. When the trend is in fact still going in the direction of the EA's trades then the multiple trades will look nice, but when the trend is actually reversing then the multiple trades will eat all your profits and then some.

Since I think we have agreed that QQE is the core of the system, I believe that after exiting a trade, the EA should only re-enter at/after the next QQE reversal...

But after further reflection, perhaps my opinion is wrong... Perhaps it is possible to be profitable with multiple re-entries, depending on your settings. My manual backtesting on multiple timeframes has always shown that re-entries are not profitable, but I haven't tested with every indicator so perhaps it can work. Personally, I see QQE as being the key to entering trades and there is rarely a good subsequent trade until QQE has reversed, UNLESS you are exiting too early in which case perhaps your exit settings are too jumpy... But again, that's just based on my own testing and observations, I guess it's certainly possible that re-entries could work with some settings.

Jin.

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Quoting Gnat

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Hi Jin!

You are right that a re-entry is much more risky than the initial trade taken. With the right exit settings this initial trade does not have to be closed and therefor the second or even third trade does not take place.
The EA would be as good in results as what we see right now, only by a single order. So there is a need to get rid of multiple entries. One could even tell the EA only to enter on the first "X" bars/candles. If after e.g. 5 bars the inital trade is already closed, then the EA will wait for the next signal.
Well, I will look into v1.4 from now on and will later this weekend through in my 1.5 cents!

Ciao
Gnat

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Quoting skyline

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Hi Gnat,
this is exactly how it will work new v1.5
...work in progress...

Skyline

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