My Bat from team aphid trades | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Bat...a strategy by Team Aphid 775 replies

The BAT Method - The EA 186 replies

BAT system for 15 min chart 28 replies

BAT indicator 2 replies

The BAT mathematical formula for lines? 0 replies

Attachments: My Bat from team aphid trades
Exit Attachments

My Bat from team aphid trades

  • #61
  • Jun 11, 2007 9:34pm Jun 11, 2007 9:34pm
Rob Booker has done it again! good but small ebook. A must read for risk management.
Attached File(s)
File Type: pdf SOL Q rob booker.pdf   218 KB | 732 downloads
Contact me for Custom Indicators/EAs.
  • #62
  • Jul 12, 2007 11:31pm Jul 12, 2007 11:31pm
Hi zalakinc! Why you stop posting?
  • #63
  • Jul 18, 2007 12:13pm Jul 18, 2007 12:13pm
sorry, I will start posting again. I thought nobody read it I still trade this system.
Contact me for Custom Indicators/EAs.
  • #64
  • Sep 6, 2007 6:10pm Sep 6, 2007 6:10pm
Hello traders,

I found posting my trades here to be boring to be honest with you. as its a mechanical system. But i will post my thgouths here from time to time. so lets talk about money/Risk management. so what is money management? most ppl answer, its basically about how much are you risking per trade. well thats good, but what is Money/Risk management really about? well, I think its about three things: Asset Allocation, Asset protection, and Asset Growth. Specifically, here are the things money management system should include:

-> How will i pay my taxes? This is Asset Allocation part.

-> What percentage will I take out as my income: This part is also Asset Allocation. I recommend you take out at least some of your gains. Why? for two main reasons. One to reward yourself. you do a good job, you should feel the reward. spend it on whatever you like. Second and more important reason is this: I think from these gains, You should create a secure monthly income thats more stable than trading. Why? because when you become a full time trader, the last thing on your mind should be how will i pay my bills? because if you think about that, you will take risks you shouldnt be taking. so at least create some sort of secure income that takes care of the basic neccessities.

-> at what point will i increase my risk? this is growth of your asset(Account).

-> How will i trade so that I never get a margin call? This is Asset Protection.

-> How will i also take into account my monthly withdrawals?

I hope this helps.
Contact me for Custom Indicators/EAs.
  • #65
  • Oct 20, 2007 8:30am Oct 20, 2007 8:30am
I think the very first step of any money management system is to ask yourself: what % of my trading capital loss is acceptable to me? some ppl say 20% some say 30, but i think youneed to come up with that number. for someone like my brother in law, who makes 300k a year from being a financial advisor, who only risked about 5k in day trading, 100% of his trading capital loss is acceptable. for someone like me, about 40-50% is my acceptable loss. now if you are managing 5 million dollars from 50 clients, may be 20-25% is the acceptable answer.


Second step is: "What is the maximum WTL value?" WTL - Willingness to loose. In other words, how much loss will stop me from trading this system? You should have Maximum WTL value for each of your strategies.

Third step: Your risk per trade for specific strategy should be decided based on maximum WTL value for that strategy.
Contact me for Custom Indicators/EAs.
  • #66
  • Edited 9:58am Nov 15, 2007 8:43am | Edited 9:58am
Quoting zalakinc
I had some challenges regarding how to follow this system and still have a life. SO here is the plan I came up with:

Step 1 - DONT LOOK AT THE CHARTS ALL THE TIME, I'LL DISCIPLINE MYSELF TO LOOK AT THE CHARTS ONCE EVERY TWO HOURS ONLY.

STEP 2 - SET UP A REMINDER ON MY PDA THAT REOCCURS EVERY 2 HOURS. THAT WAY I DONT FORGET.

STEP 3 - WHEN I DO CHECK IT...HERE ARE THE STEPS I TAKE
A - ADJUST STOP LOSS ACCORDING TO THE BAT LINE
B - ADJUST MY STOP/LIMIT ORDER FOR THE OPPOSITE SIDE TRADE 3 PIPS ABOVE/BELOW THE BAT LINE
C - SET UP ALERTS IN METATRADER AND ALERTFX.COM TO NOTIFY ME WHEN EITHER 161.8 IS HIT OR BAT LINE IS HIT. BCOZ WHEN BAT LINE IS HIT, I HAVE TO ENTER THE FIB TRADE ORDERS, AND WHEN 161.8 IS HIT, I HAVE TO CANCEL THOSE ORDERS.

Bat still wakes me up at night after implementing this plan, but only like once or twice a week, instead of every night that i used to put alarm and annoy my wife.

Why don't you just use the EA made for it?

http://www.forexfactory.com/showthread.php?t=14073
  • #67
  • Nov 17, 2007 2:01am Nov 17, 2007 2:01am
I cant because I use oanda which is not compatible with Metatrader.
Contact me for Custom Indicators/EAs.
  • #68
  • Nov 17, 2007 2:12am Nov 17, 2007 2:12am
There are ways to trade through Oanda with Metatrader. It takes some good MT4 savy (and other languages) but it can be done with macro editors, etc.

PM me if interested. I'm not promising anything, but if there is enough interest, something might come to fruition.
  • #69
  • Nov 19, 2007 10:18am Nov 19, 2007 10:18am
Quoting tdion
There are ways to trade through Oanda with Metatrader. It takes some good MT4 savy (and other languages) but it can be done with macro editors, etc.

PM me if interested. I'm not promising anything, but if there is enough interest, something might come to fruition.
A new thread to discuss it would be of interest of all menbers i think.
  • #70
  • Nov 28, 2007 11:20pm Nov 28, 2007 11:20pm
hi, what is the result of BAT recently??

is it still perform well??

thanks..
  • #71
  • Nov 30, 2007 4:39pm Nov 30, 2007 4:39pm
Yes, its been performing very well. I am at a different computer than where i keep my results in, but I know they were all in 5-10% per month range for past 3 months. REMINDER: I USE THE DEFAULT SETTINGS OF ATR, NOT TEAMAPHID'S SETTINGS. so My results might be different.
Contact me for Custom Indicators/EAs.
  • #72
  • Nov 30, 2007 4:43pm Nov 30, 2007 4:43pm
Quoting tdion
There are ways to trade through Oanda with Metatrader. It takes some good MT4 savy (and other languages) but it can be done with macro editors, etc.

PM me if interested. I'm not promising anything, but if there is enough interest, something might come to fruition.
Oanda does have an api but it costs about $600/Month.
Contact me for Custom Indicators/EAs.
  • #73
  • Dec 1, 2007 1:06pm Dec 1, 2007 1:06pm
thanks, i also do some manual check on gbp / usd, oct result is 790 and november is 336, not bad . great!!

Quoting zalakinc
Yes, its been performing very well. I am at a different computer than where i keep my results in, but I know they were all in 5-10% per month range for past 3 months. REMINDER: I USE THE DEFAULT SETTINGS OF ATR, NOT TEAMAPHID'S SETTINGS. so My results might be different.
  • #74
  • Edited 2:55am Dec 2, 2007 2:37am | Edited 2:55am
Exactly. That's why a project like this might be worthwhile to pursue. Here's what you should know....

You'd need to find a MT4 broker whose quote stream is most similar to Oanda's. It might be worth contacting Oanda, and finding out if their quote stream is generated in-house, or if they outsource it.

If they outsource it, the you might be lucky enough to find an MT4 broker that outsources through the same company.

Basically you can write your EA to generate text files of all your transactions as it trades on a demo account..... then use another language (Java, VB, etc) to check that log file, and activate different macros through the Oanda interface.

This could be as simple as a hotkey ("CTRL-ALT-DELETE" is an example) that can be programmed to execute trades, modify stops, etc.

I know this can be done, and once it is paid for once (with money or your own labor) it shouldn't have to be modified in the future, unless Oanda changes their interface or your MT4 broker moves to a different platform.

Quoting zalakinc
Oanda does have an api but it costs about $600/Month.
PS) This can also be applied to Currenex, HotSpotFXi, or any other platform. Very good stuff.
  • #75
  • Dec 7, 2007 11:59am Dec 7, 2007 11:59am
great idea tdion, me and my wife are workign on a money managemetn project right now but i guess this would be next.
Contact me for Custom Indicators/EAs.
  • #76
  • Dec 9, 2007 12:52am Dec 9, 2007 12:52am
where can we find the specifics of BAt system?
  • #77
  • Dec 12, 2007 12:10pm Dec 12, 2007 12:10pm
Quoting exxx
where can we find the specifics of BAt system?
look at the related threads below this post.....it should have oen that says "The bat...a strategy by team aphid. "
Contact me for Custom Indicators/EAs.
  • #78
  • Jan 8, 2008 5:37am Jan 8, 2008 5:37am
Hi Zalakinc,

Are you still trading the BAT system ?

How is it performing to date ?
  • #79
  • Jan 9, 2008 2:14pm Jan 9, 2008 2:14pm
Hello there, I am still trading bat and I dont see any reason to stop. I havent done december numbers yet, I will report once I have those numbers(sometime this weekend)
Contact me for Custom Indicators/EAs.
  • #80
  • Apr 13, 2008 9:59pm Apr 13, 2008 9:59pm
Quoting zalakinc
Hello there, I am still trading bat and I dont see any reason to stop. I havent done december numbers yet, I will report once I have those numbers(sometime this weekend)

Hello There - Just wondering if you are still trading the Bat, and, if so, how it is going.........
0 traders viewing now