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Supernova GBP/JPY Mini Trend Catcher

  • #4,261
  • Jan 16, 2008 9:00am Jan 16, 2008 9:00am
Which laguerre is using entry or exit?1st , 2nd?

Thanks
  • #4,262
  • Jan 16, 2008 9:05am Jan 16, 2008 9:05am
Quoting orion70
QQEA with a SF of 1 may work for you but every forward test I have run shows small overall losses with that setting. I am currently using 4,10,4.05 and have 9 open trades, all well in profit.

I guess time will tell in the long run. So far, beta3 is the third best EA I have been testing. I am live with the other two but I think Supernova has even more potential.

Hi Orion, Matt, and all Supernovae,

After we are out of this beta phase and feel we have all the tuning parameters and have discovered optimal settings, the next phase of development will be money management, especially for the longer time frames. I am a firm believer that money management is crucial both for improving profitability and reducing drawdown in either discretionary or automated trading. All input on this subject will be welcome.

Rick
  • #4,263
  • Jan 16, 2008 9:18am Jan 16, 2008 9:18am
Quoting hbrandt
Hi guys,
I have a question...I think I have ALL of the EA's but I can not find one that allows an Entry on both QQE and QQEA ( when both are in agreement) ...

I want to test: ENTRY when QQE + QQEA ( 4,10,4.05) + Mom are all 3 in agreement (TP30 + maybe manual exit ) so do you remember to have an EA that allows that?

Thank you a lot! You guys are all so great!

MB
Hallo Mrs. Brandt!

If you want to combine the QQE(A)s, and by the way your texts on your charts are mega-funny (!!), then the main aspect will be safety on yaour part, I would assume.
I hope I got that right, but if you are looking at the QQE of your example, it comes with standard 1,14,4.236, while the QQEA follow the settings of friend Orion70. His settings are "faster", so they will react more nervously both in entry and in exit mode, so you would be waiting for the QQE. As you will nearly always have to wait and additional lenght of time for the DMI to validate your trade, there is no difference to entering the trade on standard QQE setting + DMI.
As you monitor the trades, this may make a difference as you are going to be mentally prepared by the QQEA that a trade setup is forming and you may watch it evlove and the lead it to its fruition manually.

Then it would be enough to place an extra QQEA on your chart and set it either to standard or to the Orion70-settings.

Hope I got that right there...
GMatt
  • #4,264
  • Jan 16, 2008 9:52am Jan 16, 2008 9:52am
GNAT...you are UNBEILEVABLE! WHAT A MEMORY! Ya I'm the "birdie" and I'm a "MRS"...gee! You impress me! ...P.S. I always liked you but now I'm really impressed :-)

Ok...well...I did already add both ( QQE and QQEA) on my chart ( as you can see...) I have the sound so I can act "manually" ...I got good pips today manually but I can not be all the time here by computer...I have to cook, clean, sleep.... etc...so I thought we maybe had already an EA that will alow me to entry on both...well I guess I just have to do the "hard work"...I preffer manual trading anyway :-)

P.S. I do not have any "fancy" logic to the set up...just eye-balling" the chart I can see that that setting gives +30 most of the times ( with some fakes of course but quite fewer then the good ones) the SL I plan to put it right under the entry candle so most of the time that is around 30 pips ( depends how long that candle is though :-)...

Anyhow, my eyes are "hurting" after eye-balling to long , so I though I may have a short cut to my test...so I guess, we do not have any EA with both for an entry?

OK...sorry for "talking" so much ...

see you around :-)
MB
  • #4,265
  • Jan 16, 2008 10:03am Jan 16, 2008 10:03am
Quoting rmyers
Hi Orion, Matt, and all Supernovae,

After we are out of this beta phase and feel we have all the tuning parameters and have discovered optimal settings, the next phase of development will be money management, especially for the longer time frames. I am a firm believer that money management is crucial both for improving profitability and reducing drawdown in either discretionary or automated trading. All input on this subject will be welcome.

Rick
Hallo Rick!

you are right that this is a crucial point - even a good concept and system can fail with too high of a risk exposure. Cryten made his point clear earlier today that there is immense risk involved in the yen crosses and an EA to walk the walk on the majors would leave us without the grey hair for some time.

And I do not think that Glenn will be mad at all as the EA is a turbo in all aspects! Also I guess it takes something really eruptvie to make Glenn mad. LOL!!

Ciao
Matt
  • #4,266
  • Jan 16, 2008 10:12am Jan 16, 2008 10:12am
Quoting hbrandt
GNAT...you are UNBEILEVABLE! WHAT A MEMORY! Ya I'm the "birdie" and I'm a "MRS"...gee! You impress me! ...P.S. I always liked you but now I'm really impressed :-)

Ok...well...I did already add both ( QQE and QQEA) on my chart ( as you can see...) I have the sound so I can act "manually" ...I got good pips today manually but I can not be all the time here by computer...I have to cook, clean, sleep.... etc...so I thought we maybe had already an EA that will alow me to entry on both...well I guess I just have to do the "hard work"...I preffer manual trading anyway :-)

P.S. I do not have any "fancy" logic to the set up...just eye-balling" the chart I can see that that setting gives +30 most of the times ( with some fakes of course but quite fewer then the good ones) the SL I plan to put it right under the entry candle so most of the time that is around 30 pips ( depends how long that candle is though :-)...

Anyhow, my eyes are "hurting" after eye-balling to long , so I though I may have a short cut to my test...so I guess, we do not have any EA with both for an entry?

OK...sorry for "talking" so much ...

see you around :-)
MB
Hi, Brandy-bird!

You are funny!! LOL! Actually I am really quite good at memorizing people combined with tiny details. Hope you do not find that scary in any way. Unfortunately I seem to think that it should be the same with all other people and get frustrated sometimes. One big flaw there!

We do not have that possibility in any of the multitide of EAs. QQEA * 2 is not part of what I found and I guess I also have "all" Eas - amybe a bit "aller" with the subversions and deadend I entertain here also! :

Nice to see you around and hope you make good money on the manual side. The EA will be good in the end and then you can do more cleaning and sleeping - I will do the same ... nearly ... well my wife would be happy!

Good trading!!
Gnat-Matt
  • #4,267
  • Jan 16, 2008 10:51am Jan 16, 2008 10:51am
Quoting fxtradera
I've been reading the recent posts about 1.4 v 1.7 and I'm also running both of these on demo accounts right now. I'm risking 3% v 2% per version on each trade, and both have been profitable and both have slightly different settings.

1.4 has just QQE for entry/exit. This has witnessed big profitable moves, then sometimes given the whole lot and more back before the exit appeared.

1.7 has had more modest gains (partly because of the 1% less risk) because of the DMI entry criteria as well, but has made a steady 7% this morning - now 4.8% when I switched screens to check.

Separately, I'm seeing entries that fit the entry/exit criteria more accurately on 1.7, and some 1.4 entries don't even occur when the criteria is met. I don't know why and while it bothers me, it's old code and things have moved on.

So suggestion. Best to focus on 1.7 only since this contains fixes and more function. Different settings will likely improve profit potential for each currency as people have said, and we need to focus on these. I also think that since the built-in back testing is inaccurate, a more tedious visual check is necessary as you scroll back through charts. What this does offer is the opportunity to observe and perhaps identify and tweak settings that you wouldn't otherwise see - that's where I've found my tweaks so far.

We will all wander in our own little worlds, duplicating effort and sometimes finding or missing what is in front of our eyes. Anyone up for a small working group to define some specific currencies/timeframes to look at carefully and report on observations? I don't mind continuing asis - just think that this would offer more focus and benefit - and I do personally need focus with all this noise out there.
Hallo FXTradera!

Very good post here and the call of a combined effort is really good. You are right about the 1.4 being obsolete by now as the 1.7 has everything there is on the 1.4 also and in a cleansed way that is making it more reliable.

The tester in MT4 gives you valid reports if you use it from QQEA signal to the other, as then there is only the candle opening/closing in question and you can test overall strategies there. Then again there is tick-data available to simulate the intra candle closes to +/- 10 pips. This may make a difference but will never only go in one direction and therefor on average it is going to be right.

Still the human mind is always one step beyond and drawing conclusions from a stack of data is not really what the human mind was build for. So the chart is helping a lot and will give valuable input faster and less hazy.

I will PM you later on about the effort to combine forces to test - may take some time though ... a bit stressed here right now!

Greetz & Thanks for the fine input!
Gnat
  • #4,268
  • Jan 16, 2008 11:11am Jan 16, 2008 11:11am
I am simply delighted that Rick has made this EA functional. Indeed, he is contributing these improvements to the group without financial compensation. Who could be more pleased than I!
I am piddling around with settings. I like that the alternative 15 min. TF exits stop the price slides on the 30 min. entries. I think the next test will be
Entry on QQEA, DMI, MOM; Exits on these plus CCI on the fifteen min. TF.
Glenn
  • #4,269
  • Jan 16, 2008 2:26pm Jan 16, 2008 2:26pm
... Just come back from a short job-trip. From tomorrow morning will be here again to trade and follow the thread ... ciao ciao
  • #4,270
  • Jan 16, 2008 3:32pm Jan 16, 2008 3:32pm
Hello again!
Thanks for the answer, Gnat, I really apreciate your time spending on me
I'm here with some new questions
After making some optimizing for the system(I am still working with only QQEA, after I'll get good results with it probably will try other indi's too) noticed that short positions are MUCH more profitable I mean they are 75% accurate with my settings(sometimes) and give at each successfull trade 4 times more than loosing on unsuccessful ones, while the long give only 40% wins and loosing more each time. Is there some explanation to that? I'm doing something wrong? I only use sertain hours maybe it's the reason? Thanx)
  • #4,271
  • Jan 16, 2008 3:35pm Jan 16, 2008 3:35pm
Hi Gnat

Thanks for the positive response and look forward to talking further.

Today has been a bit more than the typical roller coaster ride of last few days (of 2-3% per trade). 1.7 account was up 8% and has now given all of that back. 1.4 account has given up 21% today. QQE filter alone meant a few bad trades got entered into.

Rick, have attached a chart. See the red vertical line where the long trade was closed. Exit criteria is QQE AND DMI. As you see, DMI had not crossed over, yet trade was closed. No trailing stops or anything else set for exit. Have I misunderstood things or is this a legitimate or, illegitimate, exit?

Thanks folks. Keep up the grand work!
Attached Image (click to enlarge)
Click to Enlarge Name: gj1.gif Size: 31 KB
  • #4,272
  • Jan 16, 2008 3:39pm Jan 16, 2008 3:39pm
Quoting fxtradera
Hi Gnat

Thanks for the positive response and look forward to talking further.

Today has been a bit more than the typical roller coaster ride of last few days (of 2-3% per trade). 1.7 account was up 8% and has now given all of that back. 1.4 account has given up 21% today. QQE filter alone meant a few bad trades got entered into.

Rick, have attached a chart. See the red vertical line where the long trade was closed. Exit criteria is QQE AND DMI. As you see, DMI had not crossed over, yet trade was closed. No trailing stops or anything else set for exit. Have I misunderstood things or is this a legitimate or, illegitimate, exit?

Thanks folks. Keep up the grand work!
Hi FxTradera,

I would be happy to look. Could you please post your entire set file, though? It will be a lot easier if I can see all of the settings.

Rick
  • #4,273
  • Jan 16, 2008 4:26pm Jan 16, 2008 4:26pm
Quoting rmyers
Hi FxTradera,

I would be happy to look. Could you please post your entire set file, though? It will be a lot easier if I can see all of the settings.

Rick
Hey Rick!

Just popped in once more and saw FXT's question: From my understanding the trade is being closed as ONE criteria is met. Or am I on the wrong train (of thought) there?

G'night!
Matt
  • #4,274
  • Jan 16, 2008 4:37pm Jan 16, 2008 4:37pm
Here it is, Rick. Let me know.
Attached File(s)
File Type: txt set1.txt   1 KB | 395 downloads
  • #4,275
  • Edited 7:38pm Jan 16, 2008 5:42pm | Edited 7:38pm
Quoting Gnat
Hey Rick!

Just popped in once more and saw FXT's question: From my understanding the trade is being closed as ONE criteria is met. Or am I on the wrong train (of thought) there?

G'night!
Matt
Hi Matt,

Thanks for jumping in on this.

Yes, you are completely correct. The entries are "ands" and the exits are "ors". The entries occur if all the selected criteria are met and the exits occur if any one of the exit criteria are met. I should add a comment to the inputs for this.

I was looking at fxtradera's post from a PocketPC and the graphic was a little hard to read

Rick
  • #4,276
  • Jan 16, 2008 5:46pm Jan 16, 2008 5:46pm
Quoting fxtradera
Here it is, Rick. Let me know.

Hi fxTradera,

Please see the above posts from Gnat and myself. I was on a PocketPc and couldn't see the graph well enough to comment, but it looks like the exit was fine since one of the exit criteria was met.

Thanks for sending the set file, though. That makes it easier for everyone to analyze you settings and make suggestions.

Thanks for the input as to the performance of the EA, as well. It would be great to know which pairs were being traded and whether or not the losing trades were in the dead zone when the volatility is low.

Rick
  • #4,277
  • Jan 16, 2008 7:20pm Jan 16, 2008 7:20pm
Quoting rmyers
Hi fxTradera,

Please see the above posts from Gnat and myself. I was on a PocketPc and couldn't see the graph well enough to comment, but it looks like the exit was fine since one of the exit criteria was met.

Thanks for sending the set file, though. That makes it easier for everyone to analyze you settings and make suggestions.

Thanks for the input as to the performance of the EA, as well. It would be great to know which pairs were being traded and whether or not the losing trades were in the dead zone when the volatility is low.

Rick
Thanks, Rick. I didn't realise the differences on entry/exit criteria. My apologies - my oversight.

I do like the idea of a combo rather than an OR for exit, like QQE AND DMI, as this would have filtered out some early exits where the trend slowed down and then resumed. Would it be possible to code as a 1 (AND) or 2 (OR) in the EA Inputs or does it make the underlying code too challenging?

I really hadn't considered the Juice indicator for entries as the QQE on its own presented some great entries - in fact I'd just about dismissed Juice. However, your question has really poked me in the eye, so I need to do some scrolling of historic data to identify if I could have avoided those trades entirely. I'll report back later. I will also look closer at stop losses now in addition to the indicator exit given today's downturn (now 24% on the 1.4 demo and 9% on the 1.7 demo).

Thanks for the replies. This has been really helpful.
  • #4,278
  • Jan 16, 2008 10:16pm Jan 16, 2008 10:16pm
Quoting Nofx
LOL! hey Pepper-spray! (you will have to get used to Flyman changing your name - it happens to all of us hehe)

Finally caught up with you here. Good luck with the EA - I have no words of wisdom there. Gnat and the others are the best bet for that. Talk to you later this week on the yahoo or something when you have a chance.

Good trading my friend!

NOFX
hey Nofx!
I know, I think it's so funny!

still having trouble with the EA but I'll figure it out. Talk to you soon!
  • #4,279
  • Jan 16, 2008 10:20pm Jan 16, 2008 10:20pm
Quoting Gnat
Ah - oh - so sorry - Ma'am Pepptress. T'was not my - no really - ho harm meant here! LOL

no worries

hey about the EA, I know i am probably behind again (currently have beta3) but mine still isn't working properly. I put it all in my experts folder but i did notice on the navigator it wasn't in color. I was wondering if that was an indication that something is wrong....

i have the smiley face in the corner and i have it otherwise turned on as far as I can tell. Anything else you can think of why it's not working...
  • #4,280
  • Jan 16, 2008 10:24pm Jan 16, 2008 10:24pm
Hey everyone, I'm pretty new to the thread and I've only read through the first half. It's hard to find out where the SuperNova (Glenn) version starts. I'm not sure at all what I need for to test this EA. Do I have to have all of the indicators or does the EA have them built in? For instance, do I need to download QQEA? Also, what settings should I be using right now? I've tried using the strategy tester and it hasn't opened up a single trade even after I turn on only QQE entry and QQE/Laguerre exit. Can someone please help me? Thanks, and hope to be posting results soon.
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