Supernova GBP/JPY Mini Trend Catcher

Quoting Alextr

Disliked

Hi!
I have an idea on improving the money management - how about multiplying the lot size after number of losses in a row(example - after 3 losses triple the lot). This should never cause to acc blowing up(since we dont start doubling from the beginning), and this might be nice addition to profits.

And one more thing, which might be helpfull(but not sure if it possible to code), here -http://www.forexfactory.com/showthread.php?p=1811059.

BTW
You don't include me in the list of testers?

Ignored

Quoting orion70

Disliked

OK...I have sent PM's to each of the testers regarding the setup of their ftp accounts. If I missed anyone or you want to run additional MT4 platforms, please PM me.

We have 12 testers signed up (as of now). The more the merrier as we are now able to test at least 12 different configurations without worry about duplicating efforts.

Ignored

Quoting Pipsqueaker

Disliked

Got it set up ...Thanks Orion

Ignored

Quoting wolfeman

Disliked

I have five MT4's set up on my trading only computer. I could easily handle two or three test platforms, since that's what I was using them for anyway. Let me know...Wolfer

Ignored

Quoting orion70

Disliked

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.

Ignored

Quoting wolfeman

Disliked

Your trade closed because the price crossed below the T3, in accordance with your set parameters. That means it's working!!

Ignored

Quoting Enes

Disliked

But i want from EA that,

it close my position when T3 cross AND qqe... I mean, not to close on one of them. Two of them MUST be OK to close...

How to do that?

Ignored

Quoting Pipsqueaker

Disliked

Rick, if it is not a big hassle and to assure quality control, could you make up the set files or templates with setting that you want each tester to use that way we don't miss a setting. You can set yours and save as tester's test name and post.

Or if we are all just starting with QQE only it may not matter.

Ignored

Quoting MrHoMsI

Disliked

hi all im new here , i hope to have a little help

first , what is the useful volume ( juice v1.2 ) and how can i use ?
second , what is the best inputs for damiani_voltmeter v3.2 ) ?

Ignored

Quoting rmyers

Disliked

Hi PipSqueaker,

Yes, I am hoping to generate the first set files sometime today. The first week will probably be to some extent a dry run. I will outline what we are trying to accomplish for the first phase with the set file distribution.

Rick

Ignored

Quoting matrixebiz

Disliked

Set files - Just remember guys that the problem with this system and indicators is that you might optimize it for this months market conditions then loose it all next month because the indicators need to be optimized all the time for current market conditions Very time consuming and risky system.

Ignored

Quoting rmyers

Disliked

Matrix,

Every trend following system will have times when it performs better than other times. From Alexander Elder's impulse system to the Turtles breakout method, all will have their ups and downs. The keys to this and any other system are risk management and money management. We will go to great efforts to maximize our winners and cut our losers short. See this post:

http://www.forexfactory.com/showpost...postcount=4496

and

http://www.forexfactory.com/showpost...postcount=4498

We will not trade without stops. We will have user defined maximum risk and maximum exity drop percentages to avoid overtrading and fast moving markets. In short, we will do everything necessary to both exploit trends and protect capital.

But first, we will determine the broadest settings that provide the highest probability of successful trades. We will not curve fit.

Quant systems are used by many financial institutions. The current issue of Trader Monthly has an article on women's emerging role in algorithmic trading and there is a quarterly magazine called Automated Trader devoted solely to this type of trading.

Will this system win 100% of the time? No. But with proper money and risk management, it will not have to. Many profitable systems actually lose greater than 50% of their trades. But they are profitable in the long run by letting their winners run and cutting their losers short.

Rick

Ignored

Quoting rmyers

Disliked

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

Ignored

Quoting rmyers

Disliked

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

Ignored

Quoting matrixebiz

Disliked

Set files - Just remember guys that the problem with this system and indicators is that you might optimize it for this months market conditions then loose it all next month because the indicators need to be optimized all the time for current market conditions Very time consuming and risky system.

Ignored