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BAT System...

  • #21
  • Nov 10, 2007 5:47am Nov 10, 2007 5:47am
Quoting Colostarr
FINALLY! I set a sell stop 5 pips below the blue line(8 lots). Just in case it droped while I walked home (I live and work on a military camp). I set my TP for 10 pips. Low and behold, it dropped. While I walked home, I earned $800.00 ! I am continuing to watch it, if the next candle opens below the blue line...I'm all in....20 pips...10 lots! Ah what a good day! I haven't traded in 4 and 1/2 days...FINALLY it hit for me! If you aren't using the BAT now...YOU SHOULD BE! Keep the thread ALIVE!!!!!!! Now watch on Monday (as a red line is now forming). It will bust through again...hopefully another profitable day and I'll be HOME soon!
Hi Colostarr,
i'm happy about your amazing result ! Some time ago I also played a little bit with Bat system and (as usual) I coded also a little EA but live test wasn't so succesfull so I forget it and moved on other projects.
Btw I guess that you are using very short takeprofit 10/20 pips and huge stoploss (I remember bat sl use often more than 100 pips stoploss), this is a very bad risk to reward ratio 10:1 and in my opinion this strategy could blow your account with few losing trades in a row.
So my advice for you is to be really really cautious about the way you are trading this system.

Happy pips
  • #22
  • Nov 10, 2007 11:27pm Nov 10, 2007 11:27pm
Thank you Skyline! I do use very small take profit. I am usually out of the trade inside of 30 minutes. Since I started this method 6 weeks ago, I haven't taken a single loss. That is only because I am sitting here when it hits, and I take my small 10 to 20pips then quit. When you use more lots, you need less pips(obviously). So far so good. Six weeks straight now with NO losses! Knock on wood. And I know many people would not agree with my MM principles, but I have an agenda, and i need to be debt free before I can go back home. So for now..it's a full head of steam...then I'll take things more slowly! Thank you for your concern though!
Quoting skyline
Hi Colostarr,
i'm happy about your amazing result ! Some time ago I also played a little bit with Bat system and (as usual) I coded also a little EA but live test wasn't so succesfull so I forget it and moved on other projects.
Btw I guess that you are using very short takeprofit 10/20 pips and huge stoploss (I remember bat sl use often more than 100 pips stoploss), this is a very bad risk to reward ratio 10:1 and in my opinion this strategy could blow your account with few losing trades in a row.
So my advice for you really really cautious about the way you are trading this system.

Happy pips
  • #23
  • Last Post: Nov 11, 2007 8:44pm Nov 11, 2007 8:44pm
i use those lines as support and resistence no fibs needed to big of a risk putting on 4 trades on hour chart when and breaks s or r enter on the next candle that breaks the one that broke the bat line as long as it is with in 5 bars or i call it a no trade very good backtest
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