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Supernova GBP/JPY Mini Trend Catcher

  • #4,841
  • Feb 6, 2008 5:25am Feb 6, 2008 5:25am
Quoting codox
current situation my EA...

use QQE SF : 30
RSI : 14
DF : 4.05

all in DEMO.. full result i'll post end of this week..
hi codox,

thanks for sharing with us on your settings.

I was just wondering u mentioned in your previous post for live trading that Momentum = 14 should agree with QQE 1 and 2 to open position.

However on the pic that you posted, i see that your Momentum setting is 10 and ur setting for entry is QQE and DMI. I was just wondering, is it a change of settings or typing mistake?

anyway, this is my first time posting in this thread too! I would really like to follow along with this and learn more. I just blew my account 3 weeks ago in 2 hours due to terrible (i mean REALLY terrible) money management. My two-year salary.....
  • #4,842
  • Feb 6, 2008 5:28am Feb 6, 2008 5:28am
Quick update on sntest10 qqedam_qqe_wk1.

Just eyeballing the history, it looks as though 1-4h tf's are doing well. 30m tf is poor. Lower tf's are getting crucified.

  • #4,843
  • Feb 6, 2008 5:45am Feb 6, 2008 5:45am
hi...yogasades..

sorry make u confuse...i miss typed..

entry & exit : QQE
SF : 30
RSI : 14
DF : 4.05

1)on LIVE account i use only above setting...
2)use EA supernova v1.7 beta6
TP :0
TS : 0
SL :0

3) Only on GJ
4) Time Frame 15M ( the best )

Notes: Although u use EA to trade..you still need monitor your pc always..


Wow!!! big loss aaa.. This is normal friend as new trader. Learn & learn
will make u successful.
  • #4,844
  • Feb 6, 2008 6:10am Feb 6, 2008 6:10am
Quoting SteveHopwood
Quick update on sntest10 qqedam_qqe_wk1.

Just eyeballing the history, it looks as though 1-4h tf's are doing well. 30m tf is poor. Lower tf's are getting crucified.

Hi Steve,

Yes, the indicators as exits work much better on longer TF's. For both EA and manual SuperNova, I trade the 4HR and Daily.

For shorter TF's, the more reactionay indicators (coming soon!) will help, but I beieve that for scalping setting of actual TP values is valuable. My tests (SNTEST1) are for QQE entry and fixed TP. Based on my results, I am adding a hybrid setting for SuperNova that will be especially useful (I hope) for scalping. It will allow an ATR based % of the current TF to be used as a TP IN ADDITION to the exit indis. Whichever hits first closes the trade. For example, on the M15, you might define that you want to TP at 50% of the M15 ATR (min tp of 5 pips). This will close the trade at that value. If the indi hits first, you get closed that way. In addition, MM will have a catastrophic SL, so either the indi or CAT SL will protect your account, while the TP and Indi + MM will increase your account. Note that the TP is % based. This allows it to grow and shrink with the natural volatility and shouldn't require readjustment after a good setting is found.

For longer TF's this is not necessary (or desirable). For them, we want to use MM to gain as much profit during the longer trends.

Rick
  • #4,845
  • Feb 6, 2008 6:10am Feb 6, 2008 6:10am
Quoting SteveHopwood
Quick update on sntest10 qqedam_qqe_wk1.

Just eyeballing the history, it looks as though 1-4h tf's are doing well. 30m tf is poor. Lower tf's are getting crucified.

I am also using QQE, DMI and MOM for entry and QQE, CCI for exit on 1H charts (4H to confirm) and it is doing very well. Codox's settings doing well for GJ also with winners outgaining losers.
  • #4,846
  • Feb 6, 2008 6:12am Feb 6, 2008 6:12am
Quoting codox
hi...yogasades..

sorry make u confuse...i miss typed..

entry & exit : QQE
SF : 30
RSI : 14
DF : 4.05

1)on LIVE account i use only above setting...
2)use EA supernova v1.7 beta6
TP :0
TS : 0
SL :0

3) Only on GJ
4) Time Frame 15M ( the best )

Notes: Although u use EA to trade..you still need monitor your pc always..


Wow!!! big loss aaa.. This is normal friend as new trader. Learn & learn
will make u successful.
Thanks for making it clear for me!

I am left with 5% of my equity and decided to pause for a while...

oh ya.. i have been trying it with QQE only as entry and exit (same with ur setting) on a demo account. I found that when the reverse QQE signal appear, open position will be closed immediately. However, new position will only be opened on the next bar (not at the same time the position is closed). Is that how it is supposed to be?
  • #4,847
  • Feb 6, 2008 6:32am Feb 6, 2008 6:32am
Many thanks - much appreciated

fxuk
  • #4,848
  • Feb 6, 2008 6:44am Feb 6, 2008 6:44am
Yeah...I saw his post and I won't mess with his settings.

Quoting Gnat
Please keep in mind that sntest6 is right now not monitored by the EA. Enes had to leave on a businesstrip and took the Laptop offline at that point.


Greetz!
Matt
  • #4,849
  • Feb 6, 2008 7:08am Feb 6, 2008 7:08am
Quoting yogasades
Thanks for making it clear for me!

I am left with 5% of my equity and decided to pause for a while...

oh ya.. i have been trying it with QQE only as entry and exit (same with ur setting) on a demo account. I found that when the reverse QQE signal appear, open position will be closed immediately. However, new position will only be opened on the next bar (not at the same time the position is closed). Is that how it is supposed to be?

yes..next open position will open next candle close bar .
  • #4,850
  • Feb 6, 2008 7:30am Feb 6, 2008 7:30am
Quoting codox
yes..next open position will open next candle close bar .
Rick has said though that he will fix so it closes and opens on the same bar.
  • #4,851
  • Feb 6, 2008 8:16am Feb 6, 2008 8:16am
To RICK MYERS
At Matt's suggestion I have been following your thread and just want to say THANKS for all your talented effort in producing a most valuable tool. I (we) appreciate you.
Romeo Cote
  • #4,852
  • Feb 6, 2008 8:26am Feb 6, 2008 8:26am
Quoting codox
current situation my EA...

use QQE SF : 30
RSI : 14
DF : 4.05

all in DEMO.. full result i'll post end of this week..
Wow!

Did you find DarF 3.5 too fast?

Greetings!
Gnat-Matt
  • #4,853
  • Feb 6, 2008 8:29am Feb 6, 2008 8:29am
Quoting Rcote
To RICK MYERS
At Matt's suggestion I have been following your thread and just want to say THANKS for all your talented effort in producing a most valuable tool. I (we) appreciate you.
Romeo Cote

Hallo R&R C!

Happy to see you here! Talk to you later!

Ciao
Matt
  • #4,854
  • Feb 6, 2008 8:36am Feb 6, 2008 8:36am
Quoting Gnat
Wow!

Did you find DarF 3.5 too fast?

Greetings!
Gnat-Matt
yess..but this can setting can avoid close early which can make
panic situation especially on GJ.
  • #4,855
  • Edited 9:59am Feb 6, 2008 9:11am | Edited 9:59am
Codox, have you backtested your settings? Or you run them live on EA without interruption? I still claim that with these settings on anytime frame it's pure loss. Could anybody else elaborate on that?
  • #4,856
  • Feb 6, 2008 10:04am Feb 6, 2008 10:04am
Quoting Rcote
To RICK MYERS
At Matt's suggestion I have been following your thread and just want to say THANKS for all your talented effort in producing a most valuable tool. I (we) appreciate you.
Romeo Cote
Hi RCote,

Thanks for the kind words, but the real credit goes to Cryten, NoFX, Gnat, Glenn Winstead, TrendChaser, Orion, and all the great testers of the EA. They have made the manual strategy and the EA what it is. I'm happy just to be able to work with these traders.

Rick
  • #4,857
  • Feb 6, 2008 10:07am Feb 6, 2008 10:07am
Could test results be posted together with settings so all of us could contribute by at least backtesting at different time frames?
  • #4,858
  • Feb 6, 2008 10:34am Feb 6, 2008 10:34am
Since I started testing codox's settings a couple of days ago, I am +42 in closed trades and currently +32 floating.

Quoting jasius
Codox, have you backtested your settings? Or you run them live on EA without interruption? I still claim that with these settings on anytime frame it's pure loss. Could anybody else elaborate on that?
  • #4,859
  • Feb 6, 2008 10:36am Feb 6, 2008 10:36am
Orion,

Which time frame you using? 15min on G/J?
  • #4,860
  • Feb 6, 2008 10:37am Feb 6, 2008 10:37am
Quoting jasius
Could test results be posted together with settings so all of us could contribute by at least backtesting at different time frames?
Hi Jasius

So far as I understand, and many have said likewise, MT4 back testing is pretty unreliable in terms of being able to predict the profitability and otherwise of an EA. Testing the logic, it may be ok. But do I trust back test results, especially against a demo platform that has holes in data? Nope.

I've run EAs with different indicators and settings on different time frames and had good results some weeks and then terrible the next.

Personally, scrolling back through charts and looking closely at the squiggles and collecting info and then tweaking and then forward testing gives me a better comfort feel. This group of testers is dedicated to a longer-term plan that involves a lot of testing. I like this approach. It's not for everyone.
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