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Attachments: Supernova GBP/JPY Mini Trend Catcher
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Supernova GBP/JPY Mini Trend Catcher

  • #4,481
  • Jan 23, 2008 12:57pm Jan 23, 2008 12:57pm
Quoting orion70
I have asked Rick to verify a few of my settings for the testing program. Once he has had time to do so, I will be sending PM's to everyone that volunteered for testing. The PM's will contain detailed instructions on preparing the demo accounts and ftp publishing.
OK! Thanks
  • #4,482
  • Jan 23, 2008 1:04pm Jan 23, 2008 1:04pm
Hi SuperNovae,

I am releasing beta 6 with the following changes:

1. A flag called HideStopAndTakeProfit has been added with a default of false. If you put a value other than 0 into the Stoploss and/or Takeprofit fields, it will include these values in the order. This means that in the case of a loss of connection, power outage,etc your stops will be executed by your broker. If the flag is true, then the EA manages the stops to hide them from your broker.

2. A UserCommentField has been added to the inputs. Anything you type in there will be placed in the Comments field of the order and will also display on the chart that the EA is attached to.

3. PSar has been added as both an entry and exit criteria. Each has Step, Maximum, Precision, and Bar values. The bar value is defaulted to 1 which means that the evaluation is done 1 bar back from the current bar. If this is set to 0, the current bar is used and entries are much quicker.

Please let me know if I have generated any bugs, and please give the PSar a look. The inputs for PSar can make a big difference in performance and I'll bet there is a lot we can do with different values.

Rick
Attached File(s)
File Type: ex4 SuperNova EA (Glenn) v1.7.Beta6.ex4   32 KB | 458 downloads
  • #4,483
  • Jan 23, 2008 1:16pm Jan 23, 2008 1:16pm
Orion,

As i said in my previous post, if you are still having trouble with hostgator, i can provide you hosting on my dedicated server... This way, i will add my name to the contributors list

Rick, thanks for your hardwork. I am testing this system with EA too...

Lots of people looking to currencies with the system right now, me too... But i am also testing Gold and some other metals... Trying to figure out something.. Things are going good...

I can also join to the testing process to test these metals...

I hope it makes sense.

I am trading on currency markets since 2004.. I do not trust EAs so much, but at this time, i have some feelings that Supernova will do it...

My best..
  • #4,484
  • Jan 23, 2008 1:37pm Jan 23, 2008 1:37pm
Enes...

Thanks for the offer but I think I have things straightened out now.

I have created a few ftp accounts and notified the testers involved. I want to wait awhile and make sure everything is working ok. I will then create the rest of the accounts.
  • #4,485
  • Jan 23, 2008 2:11pm Jan 23, 2008 2:11pm
Will we have assigned settings, etc to test or will each one of us decide what settings to test?

Carol
  • #4,486
  • Edited 3:39pm Jan 23, 2008 2:37pm | Edited 3:39pm
Quoting rmyers
The way the trailing psar works is that it does it's evaluation of whether or not to move the stop based on the CandleTrailStopPSAR input. If you specify 2, then on every new candle it will look at the PSar high and low candles 2 candles back from the current candle to determine if the stop should change. If the conditions do not warrant a change, it will wait until the next candle and look 2 candles back. Since you may be long on a trade and the candle 2 back closed lower (the psar high > psar low), it would not make sense to move the stop. I hope this makes sense.

Rick
Ok, thanks for explaining that. Does this look right for the trailing PSAR? Seems like it should move to up to within 2 candles, locking at least the GBP/YEN into profit. Thanks for your reply.

EDIT: I'm continuing to monitor this GBP/JPY trailing PSAR. The settings for it are: .02, .2, 7. On the other currencies I just have the default settings
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trailing PSAR1.JPG Size: 46 KB
Click to Enlarge Name: Trailing PSAR2.JPG Size: 42 KB
Click to Enlarge Name: Trailing PSAR3.JPG Size: 85 KB
  • #4,487
  • Jan 23, 2008 3:19pm Jan 23, 2008 3:19pm
Quoting Eureka
Will we have assigned settings, etc to test or will each one of us decide what settings to test?

Carol
If I am not mistaken, there will be assigned settings to prevent us all from testing the same things. Some things will be constant...such as pairs traded, lots traded, hours, etc.

All I am doing is setting up the ftp accounts so we can view each others results in real-time. It would be nice if someone could whip up a simple web site showing the tester's urls and entry/exit settings, tf, etc.

I was going to do that also but I just realized I don't have any web creation tools on these computers.

My current test is here:http://tommytech1.com/sntest/statement.htm
  • #4,488
  • Jan 23, 2008 4:06pm Jan 23, 2008 4:06pm
Ok. That works.

I can't do the web page. Don't know the first thing about it.


Quoting orion70
If I am not mistaken, there will be assigned settings to prevent us all from testing the same things. Some things will be constant...such as pairs traded, lots traded, hours, etc.

All I am doing is setting up the ftp accounts so we can view each others results in real-time. It would be nice if someone could whip up a simple web site showing the tester's urls and entry/exit settings, tf, etc.

I was going to do that also but I just realized I don't have any web creation tools on these computers.

My current test is here:http://tommytech1.com/sntest/statement.htm
  • #4,489
  • Jan 23, 2008 4:21pm Jan 23, 2008 4:21pm
I can do the webpage if you send me details..

By the way, the link is not working correctly.. http://tommytech1.com/sntest/statement.htm
  • #4,490
  • Jan 23, 2008 4:38pm Jan 23, 2008 4:38pm
System is working very well for me today... It worked today as "money making machine"

I am running it on g/j , e/j , g/u , g/chf..

You can see screenshot of today's results..

--

The only problem i have is about exits...

QQE and T3 is enabled for exit on gbp/jpy... Few minutes ago, EA closed a long position on this pair. No problem, it is in profit... But there is not a QQE sell signal on chart... Why it closed the position? I dont know... Do you have any ideas?

See charts..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 16 KB
  • #4,491
  • Jan 23, 2008 4:47pm Jan 23, 2008 4:47pm
Quoting Enes
System is working very well for me today... It worked today as "money making machine"

I am running it on g/j , e/j , g/u , g/chf..

You can see screenshot of today's results..

--

The only problem i have is about exits...

QQE and T3 is enabled for exit on gbp/jpy... Few minutes ago, EA closed a long position on this pair. No problem, it is in profit... But there is not a QQE sell signal on chart... Why it closed the position? I dont know... Do you have any ideas?

See charts..
Your trade closed because the price crossed below the T3, in accordance with your set parameters. That means it's working!!
  • #4,492
  • Jan 23, 2008 5:22pm Jan 23, 2008 5:22pm
Quoting Eureka
Will we have assigned settings, etc to test or will each one of us decide what settings to test?

Carol
Hi Carol,

I will try to put together a draft today of the proposed test parameters. The first week we will just do a very basic setup so that we all get our environments stable and working with the ftp site Orion has been kind enough to provide. Then, my hope is that we can turn the throttle up a bit

I will outline this all later. Did you have a chance to look at beta 6? I added back the SL/TP being sent with the order that you so effectively used in 1.4.

Rick
  • #4,493
  • Jan 23, 2008 5:30pm Jan 23, 2008 5:30pm
Rick,

Thanks ever so much for all of the work you have done to make this system profitable for all. I think we are just about there.

No, I haven't had a chance to look at the latest EA yet, but I did d/l it.

I was a bit concerned earlier in the week because a lot of pips were lost, but I know that is because of the happenings in the world markets and is a usual happening.

I really think this system will make us some decent pips and I can't wait to see it in action.

I will await further instructions from you.

Carol

Quoting rmyers
Hi Carol,

I will try to put together a draft today of the proposed test parameters. The first week we will just do a very basic setup so that we all get our environments stable and working with the ftp site Orion has been kind enough to provide. Then, my hope is that we can turn the throttle up a bit

I will outline this all later. Did you have a chance to look at beta 6? I added back the SL/TP being sent with the order that you so effectively used in 1.4.

Rick
  • #4,494
  • Jan 23, 2008 5:58pm Jan 23, 2008 5:58pm
Quoting Enes
I can do the webpage if you send me details..

By the way, the link is not working correctly.. http://tommytech1.com/sntest/statement.htm
LOL....I broke my own account!

http://70.87.94.34/~orion7/sntest/statement.htm should work
  • #4,495
  • Jan 23, 2008 6:15pm Jan 23, 2008 6:15pm
For those that I sent ftp login info, please change the ftp server to:ftp.bestonlineopps.com
  • #4,496
  • Jan 23, 2008 6:28pm Jan 23, 2008 6:28pm
Quoting Eureka
Rick,

Thanks ever so much for all of the work you have done to make this system profitable for all. I think we are just about there.

No, I haven't had a chance to look at the latest EA yet, but I did d/l it.

I was a bit concerned earlier in the week because a lot of pips were lost, but I know that is because of the happenings in the world markets and is a usual happening.

I really think this system will make us some decent pips and I can't wait to see it in action.

I will await further instructions from you.

Carol
Hi Carol,

There was an article in Bloomberg that mentioned that many of the professional automated trading systems also had triuble handling recent events, but I am a big believer in account preservation and there are several ways I plan to address this issue in the EA as we progress. Some are already implemented.

1. Use of the trailing stop. We have a good starting point for a system that locks in profits as price goes our way.
2. Scaling in/out - once testing starts, I would like to open up a discussion with the group about such topics as taking partial profits of winning trades, reducing position size of losing trades, and adding to winners (pyramiding). All of these can contribute to making the most of our winners while minimizing the losers.
3. Use of the stoploss. We rely on the signals to manage trades, but I always use a catastrophic SL, just in case.
4. I will probably add the option to suspend trading on a pair if a hard SL is hit. This will generate a message (alert, email) to the user that the user should evalute the pair for resumption of trading.
5. An automated equity protection failsafe percentage. This will be a user defined account risk percentage that will specify what to do if markets suddenly turn. In the past, I have used 2 methods. The first liquidates all open positions if the account loses 10% for example. The second opens up trades equal to the current open positions but in the opposite direction (a hedge). This freezes the account in place until the user decides it is OK to remove the hedge.
7. I have been working on a QQE setup that dtects entries and exits much more quickly. This should also help.

Anyway, I hope this conveys my feelings on the subject I am really serious about capital preservation.

Rick
  • #4,497
  • Jan 23, 2008 6:49pm Jan 23, 2008 6:49pm
Rick,

This sounds fantastic, Rick. With all of these goodies, we'll make a boatload of pips.

Looking forward to start the pips rolling!

Carol

Quoting rmyers
Hi Carol,

There was an article in Bloomberg that mentioned that many of the professional automated trading systems also had triuble handling recent events, but I am a big believer in account preservation and there are several ways I plan to address this issue in the EA as we progress. Some are already implemented.

1. Use of the trailing stop. We have a good starting point for a system that locks in profits as price goes our way.
2. Scaling in/out - once testing starts, I would like to open up a discussion with the group about such topics as taking partial profits of winning trades, reducing position size of losing trades, and adding to winners (pyramiding). All of these can contribute to making the most of our winners while minimizing the losers.
3. Use of the stoploss. We rely on the signals to manage trades, but I always use a catastrophic SL, just in case.
4. I will probably add the option to suspend trading on a pair if a hard SL is hit. This will generate a message (alert, email) to the user that the user should evalute the pair for resumption of trading.
5. An automated equity protection failsafe percentage. This will be a user defined account risk percentage that will specify what to do if markets suddenly turn. In the past, I have used 2 methods. The first liquidates all open positions if the account loses 10% for example. The second opens up trades equal to the current open positions but in the opposite direction (a hedge). This freezes the account in place until the user decides it is OK to remove the hedge.
7. I have been working on a QQE setup that dtects entries and exits much more quickly. This should also help.

Anyway, I hope this conveys my feelings on the subject I am really serious about capital preservation.

Rick
  • #4,498
  • Jan 23, 2008 6:53pm Jan 23, 2008 6:53pm
Quoting Eureka
Rick,

Thanks ever so much for all of the work you have done to make this system profitable for all. I think we are just about there.

No, I haven't had a chance to look at the latest EA yet, but I did d/l it.

I was a bit concerned earlier in the week because a lot of pips were lost, but I know that is because of the happenings in the world markets and is a usual happening.

I really think this system will make us some decent pips and I can't wait to see it in action.

I will await further instructions from you.

Carol
Hi Carol,

And another thing

In my QQE testbed, I use a technique of money management that I will probably include in Supernova. I use a hard stop of a user specified multiplier of the daily ATR for each pair. I prefer to use 2*ATR. This gives the pair room to breathe, but provided a catastrophic SL. I then use this value to size my position. So, if I want to risk no more than 2% of my account per trade, I use the amount I am willing to lose (2* ATR) to determine my lot size. So, even if the pair hits the SL, I am guaranteed to lose a maximum of 2%. Also, this has the effect of allocating smaller positions to bug movers like GBPJPY and larger positions to small mover like EURGBP. So each pair is normalized to the 2% standard, in my case. Now add in good moneymanagement to make the most of winners and cut losers short and we should do OK

Hope this makes sense.

Rick
  • #4,499
  • Jan 23, 2008 7:21pm Jan 23, 2008 7:21pm
Quoting Enes
I can do the webpage if you send me details..

By the way, the link is not working correctly.. http://tommytech1.com/sntest/statement.htm
What I had in mind was a page containing links to each tester results file, the set file containing their EA configuration, tf they are trading, etc.

By doing so, one would only need to load that web page to see a list of testers and the urls associated with that configuration. By browsing through the urls, if the user found something that looked promising, he could refer back to the web page to see what set file is producing those results.

We should probably wait for Rick to finalize the testing parameters. I would imagine that we would want to list the settings that are common to all users. Such as, pairs traded, account size, lots per trade, etc.

I have your ftp account set up but your FF profile prevents me from sending you a PM or email.
  • #4,500
  • Jan 23, 2008 7:32pm Jan 23, 2008 7:32pm
I am starting to see account statements appearing as they should so I will take that as a sign that everything is working now.

I'll get back to work sending out PM's for the rest of the testers.
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