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Supernova GBP/JPY Mini Trend Catcher

  • #4,221
  • Jan 15, 2008 2:28am Jan 15, 2008 2:28am
Quoting Gnat
Hey Dogger!

Thanks for pointing that out! You seem to know Sgt. Pepper, cool for him!! LOL. I still have a solid headache and sort of a mental brake keeping me from being productive.

Have a good one!
GMatt

Ja! Cool for HER - hehe! Not that we haven't had our gender and dragon discussions earlier - LOL! I am now free from dragon dealings for at least 5 hrs. and as luck would have it up around 100 pips.

Good day to you sir and prolly catch you in the hive.

Doggy
  • #4,222
  • Jan 15, 2008 2:38am Jan 15, 2008 2:38am
Quoting Nofx
Ja! Cool for HER - hehe! Not that we haven't had our gender and dragon discussions earlier - LOL! I am now free from dragon dealings for at least 5 hrs. and as luck would have it up around 100 pips.

Good day to you sir and prolly catch you in the hive.

Doggy
Ah - oh - so sorry - Ma'am Pepptress. T'was not my - no really - ho harm meant here! LOL
  • #4,223
  • Jan 15, 2008 7:45am Jan 15, 2008 7:45am
Quoting winsteadglenn
ExtremFx: There were lots of problems with exits with 1.4, except, apparently, when one ran only the basics, such as QQE alone.
I suggest you run with the newest version by Myers, who has it working on many levels and continues to refine it, almost daily. It is now very responsive and is going to make you Filthy, Stinking, Delightfully RICH and Famous.
Also have a look at the fine EA by Trendchaser. Several people are having good success.
Been away for a while, how is this new beta3 EA by rick working? Do we have any new optimized currencies and settings for them that you guys can post?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #4,224
  • Jan 15, 2008 8:03am Jan 15, 2008 8:03am
Aww -- Shite!!
  • #4,225
  • Jan 15, 2008 8:31am Jan 15, 2008 8:31am
  •  jat50b
  • | Joined Aug 2007 | Status: Randy - New York or Chandigarh(IND) | 21 Posts
Quoting Gnat
Hallo Randy!

The best normal entry would have taken place one or two candles (Heiken Ashi bars) after the QQEA cross and therefor the arrow on the chart. This entry is clearly late. What I cannot see from your screenshot is, whether other criteria were also needed to enter the trade. If the entry was not based on QQEA only, then there are a number of reasons postponing the trade. Taken all into account the entry still is late.
But nevermind, this is a testing phasis and after the weekend we may be looking at even fater entries than we've ever seen.

Good Weekend!
Gnat
Hi Gnat!
The Arrow is on the head of the second candle and appeared after the candle closed, so technically the entry would have been right after the appearance of the arrow. Sometimes the arrow appears on one Red/Blue Heiken Ashi.
While entering the trade is it advisable to see the real candle as opposed to the Heiken Ashi?

Best regards,
Randy.
  • #4,226
  • Jan 15, 2008 9:06am Jan 15, 2008 9:06am
Quoting Nofx
Aww -- Shite!!
Wanna have some? I hope this is no breach of copyright, Cryten!
ROTFL!!

OMG!! I just realized that I had the glass of that stored on the Laptop! Will have to attach it later than!
  • #4,227
  • Jan 15, 2008 9:28am Jan 15, 2008 9:28am
Quoting jat50b
Hi Gnat!
The Arrow is on the head of the second candle and appeared after the candle closed, so technically the entry would have been right after the appearance of the arrow. Sometimes the arrow appears on one Red/Blue Heiken Ashi.
While entering the trade is it advisable to see the real candle as opposed to the Heiken Ashi?

Best regards,
Randy.
Hi Randy!

If you want to optimize the entra, you can manually try to switch to a lower timeframe to catch an optimal entry point for the trade that was shown on the higher TF you were trading originally. But then it does only really pay out from the 30M or 1H. It is not making much of a difference whether you get the signal on a red or blue Heiken Ashi bar, but you have to judge the Mom on that, in order not to jump into false signals.

Greetz!
Gnat
  • #4,228
  • Jan 15, 2008 9:35am Jan 15, 2008 9:35am
Hallo Dr. Myers!

How is our patient today? LOL - at lest you seem to have enough electricity now, so the storm must have gone away.
The beta3 is doing a good job. I am now on 30M and it earned more than 500 $ on 1 Minilot per pair in my morning hours only to try and give it away again in the rash movements of the afternoon. But after such a day I would certainly have trailed it in real life or just switched the whole thing off.
Nice setup on looong TFs for the EURGBP if you want to have a look!

Good beta! Thanks!
Matt
  • #4,229
  • Jan 15, 2008 9:43am Jan 15, 2008 9:43am
Quoting Gnat
Hallo Dr. Myers!

How is our patient today? LOL - at lest you seem to have enough electricity now, so the storm must have gone away.
The beta3 is doing a good job. I am now on 30M and it earned more than 500 $ on 1 Minilot per pair in my morning hours only to try and give it away again in the rash movements of the afternoon. But after such a day I would certainly have trailed it in real life or just switched the whole thing off.
Nice setup on looong TFs for the EURGBP if you want to have a look!

Good beta! Thanks!
Matt
Hi Matt,

Electricity certainly helps I am working on beta 4.

Did the EA not handle the quick moves well in the afternoon? Was the trailing stop enabled? This is the fast moving market scenario we talked about. I have some plans to handle that, but more observations are needed. Will the alternate TF exits help here, I wonder?

I would very much like to see the EURGBP trade.

Rick
  • #4,230
  • Jan 15, 2008 9:46am Jan 15, 2008 9:46am
Been running 1.4 for a week and a bit (on 15 min charts) with no intervention and it's done very well on four currencies. Has been susceptible to major turns - lost 9% in 10 mins this morning after 8:30am news. This magnitude of drop has happened on a couple of other occasions, but it's recovered within a day or two. Definitely seems that a discretionary exit is the optimal exit right now. But that of course depends on your discretion.

1.7beta2 (will upgrade to beta3 and start a new account later today) is running on another account and still playing with settings. Just bouncing around b/e while leaving it running on fully auto.

Questions on 1.7:

1. While QQE gives a very good entry on many occasions, was wondering if the EA could easily be changed to specify QQE has a choice instead of default? DMI(10) on its own looks quite good at times for entry.

2. Currently, if DMI is set to true for entry, I'm assuming the EA will wait until QQE and DMI are valid? Will this only occur at close of candle or during that TF as soon as both conditions are valid?

3. AllowReEntry. Can someone explain this option fully? If I close open orders and this is set to true, if conditions are still valid, will the EA open new orders (again, at time of start up or close of candle)? If I have to reboot PC and/or close/open MT4, will it open new orders if the conditions are met but the QQE has not crossed for a new trade and there are no existing open trades?

Make sense? Thanks a bunch.
  • #4,231
  • Jan 15, 2008 9:51am Jan 15, 2008 9:51am
Quoting rmyers
Hi Matt,

Electricity certainly helps I am working on beta 4.

Did the EA not handle the quick moves well in the afternoon? Was the trailing stop enabled? This is the fast moving market scenario we talked about. I have some plans to handle that, but more observations are needed. Will the alternate TF exits help here, I wonder?

I would very much like to see the EURGBP trade.

Rick
Hey Rick!

That was fast again! The EURGBP is more a setup for a real life trade you may wanna watch.
IF I had the test on with the different TF, then the 30M trade would have been closed in time - and on a lower entry TF (also a possibility, the move would have benn taken in time. I will try to compare the reactions and hope to get some readable graphic out of that.
But on another platform (& computer) I am testing the different TFs in backtest with the result that the equity curve is getting smoother and the relativ DD is melting away.
On the Yen crosses it is aparent that the moves north are much slower than south all the time and "only buying" strategies are very good for your nerves.

Ready to jump onto beta4 as you say "Frog!" ... hehehe!
Bye
Matt

eidt: No trailing this time as I wanted to see the dot-to-dot on 30M. Then add the features step by step...
  • #4,232
  • Jan 15, 2008 10:00am Jan 15, 2008 10:00am
Quoting fxtradera
Been running 1.4 for a week and a bit (on 15 min charts) with no intervention and it's done very well on four currencies. Has been susceptible to major turns - lost 9% in 10 mins this morning after 8:30am news. This magnitude of drop has happened on a couple of other occasions, but it's recovered within a day or two. Definitely seems that a discretionary exit is the optimal exit right now. But that of course depends on your discretion.

1.7beta2 (will upgrade to beta3 and start a new account later today) is running on another account and still playing with settings. Just bouncing around b/e while leaving it running on fully auto.

Questions on 1.7:

1. While QQE gives a very good entry on many occasions, was wondering if the EA could easily be changed to specify QQE has a choice instead of default? DMI(10) on its own looks quite good at times for entry.

2. Currently, if DMI is set to true for entry, I'm assuming the EA will wait until QQE and DMI are valid? Will this only occur at close of candle or during that TF as soon as both conditions are valid?

3. AllowReEntry. Can someone explain this option fully? If I close open orders and this is set to true, if conditions are still valid, will the EA open new orders (again, at time of start up or close of candle)? If I have to reboot PC and/or close/open MT4, will it open new orders if the conditions are met but the QQE has not crossed for a new trade and there are no existing open trades?

Make sense? Thanks a bunch.
Hi Tradera,

1. Yes, it could be modified to exclude QQE. Wouldn't really be Supernova, but it could be done.

2. Correct.

3. This meant more for a TP target situation rather than an indicator based exit. If the TP is hit and the trade closes, if the conditions are still valid it re-enters.

What settings are you using for 1.4 that are different from 1.7?

Rick
  • #4,233
  • Jan 15, 2008 10:04am Jan 15, 2008 10:04am
Quoting Gnat
Hey Rick!

That was fast again! The EURGBP is more a setup for a real life trade you may wanna watch.
IF I had the test on with the different TF, then the 30M trade would have been closed in time - and on a lower entry TF (also a possibility, the move would have benn taken in time. I will try to compare the reactions and hope to get some readable graphic out of that.
But on another platform (& computer) I am testing the different TFs in backtest with the result that the equity curve is getting smoother and the relativ DD is melting away.
On the Yen crosses it is aparent that the moves north are much slower than south all the time and "only buying" strategies are very good for your nerves.

Ready to jump onto beta4 as you say "Frog!" ... hehehe!
Bye
Matt

eidt: No trailing this time as I wanted to see the dot-to-dot on 30M. Then add the features step by step...
Hi Matt,

Great testing! These are the sorts of things that really help me decide what to work on.

Rick
  • #4,234
  • Jan 15, 2008 12:14pm Jan 15, 2008 12:14pm
Hi Rick

Thanks for the quick reply.

I certainly think that QQE is a very good indicator - just wanted to compare DMI only versus QQE entries/exits.

1.4 simply uses QQE for entry and exit. 1.7 uses QQE for entry and QQE and DMI for exit.

Now going to add DMI for entry as well to 1.7beta3 (just downloaded). Catches the turn later but also appears to filter some (but not all) of the bad entries or early exits.

Just to confirm - all entries on at close of candle and exits (due to stop loss) are during current candle? And, MT4 back test is just unreliable?
  • #4,235
  • Jan 15, 2008 12:17pm Jan 15, 2008 12:17pm
Hello guys, I'm new to forexfactory and this shall be my first post here. It took me a couple of days to read the thread(English isn't my native language - reading a bit slow) and yesterday downloaded the last beta 3. I attached it to 15 min charts of GBP/JPY, EUR/JPY, GBP/USD. I didn't change any settings in the EA, but it comes that it didn't opened a single trade untill now(2 days * 3 charts), is that normal(Yes, the face was smiling)? I tried to run it on tester and results wasn't much good - for two month of backtesting on 15 min charts it mostly opened loosing positions Maybe it isnt possible to test it in strategy tester? I tried then settings which Gnat posted for one of earlier versions 20-30 pages ago(allpairs.set) and it made even worse on backtesting( I've tried a bunch of other randomly selected settings, but it lost almost every time(except 1 - it made around 300$ from 10k for 2 month's). It's really hard for me to optimize it since there is no much settings that I understand. If you could advise me something it would be much apreciated! Thank you very much!
  • #4,236
  • Jan 15, 2008 12:44pm Jan 15, 2008 12:44pm
Quoting Alextr
Hello guys, I'm new to forexfactory and this shall be my first post here. It took me a couple of days to read the thread(English isn't my native language - reading a bit slow) and yesterday downloaded the last beta 3. I attached it to 15 min charts of GBP/JPY, EUR/JPY, GBP/USD. I didn't change any settings in the EA, but it comes that it didn't opened a single trade untill now(2 days * 3 charts), is that normal(Yes, the face was smiling)? I tried to run it on tester and results wasn't much good - for two month of backtesting on 15 min charts it mostly opened loosing positions Maybe it isnt possible to test it in strategy tester? I tried then settings which Gnat posted for one of earlier versions 20-30 pages ago(allpairs.set) and it made even worse on backtesting( I've tried a bunch of other randomly selected settings, but it lost almost every time(except 1 - it made around 300$ from 10k for 2 month's). It's really hard for me to optimize it since there is no much settings that I understand. If you could advise me something it would be much apreciated! Thank you very much!
Hallo Alex!

Before I forget it: Welcome to the thread and the settings I posted were for the testers to start from the same base. Looked into that and did not make that clear back then - my bad there!
When you download the EAv1.7beta3 the settings are very restrictive as nearly all entry rules must apply to ever get you into a trade.
The settings you used then were with the Laguerre in standard setting and this is really not vers reactive. I even found that QQEA only (even on standard 1,14,4.236 settings ) is better than having a LaGuerre with it either on entry or on exit. (Please mind that the exit rules are not adding up: The first criteria to be met is triggering the close of the positio!)
Another important point: It is amazingly hard to make the EA make money on the 15M timeframe even with a whole box of tricks to help you. So better start looking at the 30M to have some success and make yourself feel much better.
To have a successful testing please start with the most basic setting QQEA entry & exit. Then elaborate by taking the other original system components into the game (DMI, Momentum), then see if you can find a handle on the Damiani or Juice or LaGuerre with special settings. Some combos may in the end to settings for the 5 & 15M, but I guess only 3-4 pairs will consistantly make money on those TFs - we may use them for exits on different TFs from higher starting points.
Testing multiple pairs on multiple timeframes is a very timeconsuming task and may put a strain on things first - but once it is moving it does not consume a big amount of brainwave energy - although some have tried to make it look amazingly special and overly worthy in the context of making a system work in the mechanical world.
If you have any questions, please do not hesitate to ask. Another tip - if you manage to get the feeling for the system in manual trading first, you have a better chance to fully understand what the EA is doing or trying to tell you in testing.

Best Wishes!
Gnat
  • #4,237
  • Edited 12:58pm Jan 15, 2008 12:44pm | Edited 12:58pm
Quoting fxtradera
Hi Rick

Thanks for the quick reply.

I certainly think that QQE is a very good indicator - just wanted to compare DMI only versus QQE entries/exits.

1.4 simply uses QQE for entry and exit. 1.7 uses QQE for entry and QQE and DMI for exit.

Now going to add DMI for entry as well to 1.7beta3 (just downloaded). Catches the turn later but also appears to filter some (but not all) of the bad entries or early exits.

Just to confirm - all entries on at close of candle and exits (due to stop loss) are during current candle? And, MT4 back test is just unreliable?
Hi Tradera,

That is a good methodical approach. You are correct about the candles with regard to an actual stop loss. And yes, backtesting in MT4 can confirm that basic functionalty of an EA is working, but is a notoriously bad predictor of profitability for shorter timeframes. It does better for longer TF's.

With regard to exits, please note that beta 3 allows the setting of alternative timeframes for the exit indicators. QQE is even independent of the other indicators. Gnat is the originator of that idea and I believe it will prove to be a great addition to the strategy.

Rick
  • #4,238
  • Jan 15, 2008 12:51pm Jan 15, 2008 12:51pm
Quoting Alextr
Hello guys, I'm new to forexfactory and this shall be my first post here. It took me a couple of days to read the thread(English isn't my native language - reading a bit slow) and yesterday downloaded the last beta 3. I attached it to 15 min charts of GBP/JPY, EUR/JPY, GBP/USD. I didn't change any settings in the EA, but it comes that it didn't opened a single trade untill now(2 days * 3 charts), is that normal(Yes, the face was smiling)? I tried to run it on tester and results wasn't much good - for two month of backtesting on 15 min charts it mostly opened loosing positions Maybe it isnt possible to test it in strategy tester? I tried then settings which Gnat posted for one of earlier versions 20-30 pages ago(allpairs.set) and it made even worse on backtesting( I've tried a bunch of other randomly selected settings, but it lost almost every time(except 1 - it made around 300$ from 10k for 2 month's). It's really hard for me to optimize it since there is no much settings that I understand. If you could advise me something it would be much apreciated! Thank you very much!
Hi Alex and welcome. Gnat's answer a few posts back is all you need to know to get started. His advice to try trading this strategy manually first is important. Better to understand what the EA is trying to accomplish, especially if you have real money in the trade

Rick
  • #4,239
  • Jan 15, 2008 12:59pm Jan 15, 2008 12:59pm
Hi Rick!

But what good is an idea without a coder that just seems to cut it out then within a few hours!?

Have a good afternoon!
Matt
  • #4,240
  • Edited 2:43pm Jan 15, 2008 1:08pm | Edited 2:43pm
Thank you very much for so fast answers! I have 2 more questions now:
1. Which pair is better to make the optimization on for the first time?
2. What hours should the EA trade?
Thx again

Added:
3. Is there any way to make the EA not trade on sertain hours? For example I set it to work at 8:00 to 20:00, is there a way to tell the EA not to trade on the exact range between 14:00 and 16:00?
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