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Supernova GBP/JPY Mini Trend Catcher

  • #4,321
  • Jan 17, 2008 11:28am Jan 17, 2008 11:28am
I would like to help test. Tell me what you'd like tested and I'll do it.



BTW, I started testing the 1.4 version simply using the QQE for entry and exit. I have set TPs and am testing only 3 currencies. Started this Monday. Over 500 pips in closed trades so far. M15 charts.

I know, I need to use the latest version and I will, but it's so addicting watching this thing spit out the pips!! Next week I will run side by side comparisons with the settings I'm currently using and I'll test anything else you'd like for me to test.

A huge Thank You to everyone on this thread for all you have done.

Carol
  • #4,322
  • Jan 17, 2008 11:41am Jan 17, 2008 11:41am
Hi Rick

Thanks for the latest and your continued prompt replies to the questions. Couple or more for ya:

1. If an exit criteria is met, and a trade closed, if the entry condition reappears again, will a new trade be opened? An example, let's say entry is QQE and T3, and exit is T3. Long is opened when entry criteria is met. Next candle, close is below T3 so trade is closed. Next candle, QQE has still not crossed to the short side, and the candle then closes back above the T3. Would that open a new long trade?

2. Does the setting of AllowReEntry apply to the above situation or just if trades are closed because they met a profit target? If a PT is reached, is another trade opened at close of the current candle if the entry conditions are still valid?

3. For upcoming MM rules, are you thinking of introducing code to define (multiple?) profit targets so that a % of the trade can be closed when any defined PT is reached?

I think some of the repeating questions or misunderstandings will occur as we don't have - at least me right now - enough info about the logic and the true meaning of the ever-evolving options. I'm sure I would benefit from more info as I'd ask you fewer questions. Documentation is a coder's nightmare, I know, but would it be possible to whip something brief up that might help as things evolve? You could keep it brief, and we could add as we understand.

Thanks again for your great efforts.
  • #4,323
  • Jan 17, 2008 11:49am Jan 17, 2008 11:49am
Quoting Eureka
I would like to help test. Tell me what you'd like tested and I'll do it.



BTW, I started testing the 1.4 version simply using the QQE for entry and exit. I have set TPs and am testing only 3 currencies. Started this Monday. Over 500 pips in closed trades so far. M15 charts.

I know, I need to use the latest version and I will, but it's so addicting watching this thing spit out the pips!! Next week I will run side by side comparisons with the settings I'm currently using and I'll test anything else you'd like for me to test.

A huge Thank You to everyone on this thread for all you have done.

Carol
Hi,

Are you trading manually or automated ?Which currencies you are testing?Am using 1.4 too and iam having issues entries and exits.Usually i'm in loss


Thanks,
Fxtr
  • #4,324
  • Jan 17, 2008 11:56am Jan 17, 2008 11:56am
Quoting Eureka
I would like to help test. Tell me what you'd like tested and I'll do it.



BTW, I started testing the 1.4 version simply using the QQE for entry and exit. I have set TPs and am testing only 3 currencies. Started this Monday. Over 500 pips in closed trades so far. M15 charts.

I know, I need to use the latest version and I will, but it's so addicting watching this thing spit out the pips!! Next week I will run side by side comparisons with the settings I'm currently using and I'll test anything else you'd like for me to test.

A huge Thank You to everyone on this thread for all you have done.

Carol

Hi Carol

Which currencies? What profit target?

I was running the 1.4 on the same entry/exit criteria for EJ, GU, GJ and EC for last 2 weeks. Was up around 27% and still leaving pips on the table all over the place. Now it's slumped back to 5%.

Also, the 1.4 has sometimes not closed trades when the exit criteria was met. This has led to big losses and sometimes a big drawdown that then reversed into profit again before closing.

As you say, it looks compelling, but given this is old code, and can't quite be sure when trades will or will not close, it's not a safe EA for live execution.

There's load of potential here, but it definitely demands an effective trailing stop and/or profit target to capture pips and limit losses, while at the same time giving space for the trade to breathe. Problem is lack of valid backtesting results, so can only forward test the tweaks and changes.

Anyway, glad you're interested.
  • #4,325
  • Jan 17, 2008 12:00pm Jan 17, 2008 12:00pm
Hey Guys!

The new versions are not there because Rick or Glenn had too much time at their hands, they did it because the previous versions had flaws in them that made it unsafe to risk money with that.
So please try to move on to beta4 asap, as there is everything included as there was in the v1.4, but running as it should. So maybe the testing on the 1.4 led to results that are not transformable into the 1.7beta4, as the latter is showing the real world and the 1.4 could be forced to behave under certain circumstances.
This beta3 and now I presume beta4 are absolutely close to the real world. If they trade you feel they are trading Supernova. It is getting closer to the manual side there, which we are nver going to top, but we may sit on the beach making a bit less!

Have a good one! Will be back much later!
Gnat
  • #4,326
  • Jan 17, 2008 12:06pm Jan 17, 2008 12:06pm
Count me in! I've been watching on the sidelines for a while now..
This EA seems promising and I would like to contribute as a tester and hopefully, get to profit from the system as well.
  • #4,327
  • Jan 17, 2008 12:17pm Jan 17, 2008 12:17pm
Quoting orion70
Hi Rick

Thanks for beta4...looks good!

My last few trades using beta3 were all positive and I am duplicating them using beta4 but with the addition of TF confirming.

Since there are sooooo many settinhg to tinker with, maybe a more organized approach to testing would be useful. I saw this method used with another EA and, although the EA was crap and the plan fell apart, the methodolgy was sound.

What they did was set up a free PHP forum where volunteers could sign up as testers. Each volunteer was assigned a set file with different settings and MT4 was configured to regularly posts its results on a web site. The same margin settings and account size were used to keep the results relavent to each other.

Think this idea has any merit?
Hi Orion,

Yes, the idea of organized testing is especially good considering how many tuning parameters this EA has. We will have to come up with some broad initial categories and begin the testing there. Then as the more coarse settings become well understood, we can refine our categories.

Rick
  • #4,328
  • Jan 17, 2008 12:21pm Jan 17, 2008 12:21pm
Quoting fxtradera
Hi Carol

Which currencies? What profit target?

I was running the 1.4 on the same entry/exit criteria for EJ, GU, GJ and EC for last 2 weeks. Was up around 27% and still leaving pips on the table all over the place. Now it's slumped back to 5%.

Also, the 1.4 has sometimes not closed trades when the exit criteria was met. This has led to big losses and sometimes a big drawdown that then reversed into profit again before closing.

As you say, it looks compelling, but given this is old code, and can't quite be sure when trades will or will not close, it's not a safe EA for live execution.

There's load of potential here, but it definitely demands an effective trailing stop and/or profit target to capture pips and limit losses, while at the same time giving space for the trade to breathe. Problem is lack of valid backtesting results, so can only forward test the tweaks and changes.

Anyway, glad you're interested.
PMed you at last
  • #4,329
  • Jan 17, 2008 12:21pm Jan 17, 2008 12:21pm
Something wrong but where is it ?
Attached Image (click to enlarge)
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  • #4,330
  • Jan 17, 2008 12:28pm Jan 17, 2008 12:28pm
Quoting fxtradera
Hi Rick

Thanks for the latest and your continued prompt replies to the questions. Couple or more for ya:

1. If an exit criteria is met, and a trade closed, if the entry condition reappears again, will a new trade be opened? An example, let's say entry is QQE and T3, and exit is T3. Long is opened when entry criteria is met. Next candle, close is below T3 so trade is closed. Next candle, QQE has still not crossed to the short side, and the candle then closes back above the T3. Would that open a new long trade?

2. Does the setting of AllowReEntry apply to the above situation or just if trades are closed because they met a profit target? If a PT is reached, is another trade opened at close of the current candle if the entry conditions are still valid?

3. For upcoming MM rules, are you thinking of introducing code to define (multiple?) profit targets so that a % of the trade can be closed when any defined PT is reached?

I think some of the repeating questions or misunderstandings will occur as we don't have - at least me right now - enough info about the logic and the true meaning of the ever-evolving options. I'm sure I would benefit from more info as I'd ask you fewer questions. Documentation is a coder's nightmare, I know, but would it be possible to whip something brief up that might help as things evolve? You could keep it brief, and we could add as we understand.

Thanks again for your great efforts.
Hi FxTradera,

1. If AllowRentry is true, and the criteria are still met, then under certain conditions you will re-enter a trade. However, my long term plan is that we will implement pyramiding/scaling in/scaling out money management enhancements that will allow us to maximize profit on our winners, while cutting our losers before they do much damage. I really believe that sound Money Management is the biggest determiner in both automated and discretionary trading.

2. You are correct that AllowRentry is primarily for fixed profit targets, but as I mentioned above, it will also get you back into a trade under other circumstances. To be honest, I don't use it. It seems safer to me to wait for the next new signal.

3. Also see 1 Yes, scaling in and out of trades is especially effective over the longer timeframes.

Rick
  • #4,331
  • Edited 4:06pm Jan 17, 2008 1:36pm | Edited 4:06pm
Here's the criteria that I used for testing the SuperNova EA.

Pairs and TP
EJ - 30
GJ - 50
GU - 20

TF - M15

Broker - IB

I used only the QQEA for entries and exits.

I will use the above settings with the latest EA starting Monday.
  • #4,332
  • Jan 17, 2008 11:25pm Jan 17, 2008 11:25pm
Long time no talk to guys.... I've been busy trying out the latest versions and stuff.

Along with my 4HR,15M, and 5M ea's (separate platforms) I've been playing around with a 1M, just to see if I could get anything out of it. I have a question regarding the posted chart. The two most recent exits are quite weird. the price clearly never got close to the point where the ea closed them, 9 pips and 5, respectively. This I don't understand. Is the ea misreading the price or what? This has happened several times and different times of the day.

I just switched over from beta2 to beta4 BEFORE this happened, if it makes a difference. Thanks again Rick for all your coding efforts, we all appreciate it soooo much!
Attached Image (click to enlarge)
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  • #4,333
  • Jan 18, 2008 12:02am Jan 18, 2008 12:02am
duh
  • #4,334
  • Jan 18, 2008 12:05am Jan 18, 2008 12:05am
My understanding of the laguerre indi is that for a trade to close, the line will drop down below 15 and the trade wont close untill the line crosses back up and through 15, then it closes. It appears that either myself or the ea is mistaken....so who is it?
Attached Image (click to enlarge)
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  • #4,335
  • Jan 18, 2008 5:04am Jan 18, 2008 5:04am
Quoting Eureka
Here's the criteria that I used for testing the SuperNova EA.

Pairs and TP
EJ - 30
GJ - 50
GU - 20

TF - M15

Broker - IB

I used only the QQEA for entries and exits.

I will use the above settings with the latest EA starting Monday.
Hallo Carol!

Thanks for your offer to join the testing jamboree! At first I guess we will have to test all the functions of the EA to work properly - that may better be coordinated by Rick.
Then we will optimize settings for profitability and that may be a group coordinated effort then. There are basic knowledge we can use from the first stage, but this EA is something else and may lead to deviationg results. Still we have starting points.

See you soon!
Gnat-Matt
  • #4,336
  • Jan 18, 2008 5:15am Jan 18, 2008 5:15am
Hey Dogstyler!

Congrats to 1KT and more than 80 pips per night! LOL!! :

Matts
  • #4,337
  • Jan 18, 2008 5:20am Jan 18, 2008 5:20am
Quoting wolfeman
duh
Hey Wolfer,


Where you been? Haven't seen you for awhile. Hope all is well! Give me a skype sometime.
  • #4,338
  • Jan 18, 2008 5:40am Jan 18, 2008 5:40am
Quoting Nofx
Hey Wolfer,


Where you been? Haven't seen you for awhile. Hope all is well! Give me a skype sometime.
I'll do that soon. right now i must sleep. Happy trading bra!
  • #4,339
  • Jan 18, 2008 5:48am Jan 18, 2008 5:48am
Quoting wolfeman
I'll do that soon. right now i must sleep. Happy trading bra!

Cool - I will be soon too. Talk to you later.
  • #4,340
  • Jan 18, 2008 5:50am Jan 18, 2008 5:50am
Quoting Gnat
Hey Dogstyler!

Congrats to 1KT and more than 80 pips per night! LOL!! :

Matts
Thanks Matt!

I like your new footer there - just noticed it. I'm a little slow at times - prolly been there for a week huh?
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