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Supernova GBP/JPY Mini Trend Catcher

  • #5,041
  • Feb 15, 2008 3:49am Feb 15, 2008 3:49am
yaa...i agree with u orion. i use EA for live trading since ver 1.4. until now win is more than lose. i dont care if i lose on some trade. At least winning percentage is more 70 % than lose. i proud with SUPERNOVA developer.
  • #5,042
  • Feb 15, 2008 3:56am Feb 15, 2008 3:56am
Glad I could help in the testing. Been testing EAs way before MT4 ever came on the scene. I also agree that an EA can be programmed to trade. I think Rick is doing a great job.

And thanks to you Orion for organizing the testing. Being thorough is more important than speed. We will get there.

Carol
  • #5,043
  • Feb 15, 2008 4:04am Feb 15, 2008 4:04am
Quoting orion70
We are lucky to have a small but dedicated group of testers like yourself also. I do not agree with the sentiment that EA's can never be successful. People tend to stick with a system as long as it wins every day and then, at the first sign of trouble, they abandon it and move on to something else. Rick, however, has the vision to see that this is a fundamentally sound system. I personally think this will take several months but, if we stick with it, there is no reason why it can't be profitable.

On the other hand, I can understand why some feel this is a wasted effort. After all, we are applying linear indicators to a non-linear market.

I certainly DO respect the opinions of other folks that post here, even if I disagree strongly. My beef is that those well-meaning individuals are better served by starting their own threads and should stop trying to erode the confidence of those dedicated traders that are attempting to create something here. Whether we will be successful or not remains to be seen but I resent any attempt to deride our efforts.

Sorry for the rant but I just wanted to get that off my chest
Hi M.o.Orion!

I am sure I missed something here! I totally agree with your statement above and I would not work on this for months on end without the clear vision of a job possible to be done. Even after the major setback on the journal I saw no reason to turn elsewhere.
This system works brilliantly in manual trading and it is not too complicated not to be turned into an EA that will make good money in the end. Even the most basic and first EA ever on this forum made money on the longer TFs. So we are obviously up to something.
It is right that there are a lot of people on the forums that constantly seek for the next piper to flock behind him like the proverbial rats, but then again the community of this thread has been quite stable and many people are there from the first hour (including NOFX and Awesome, who just ceased to post regularly as they have made their point here and wait for the EA to develope).
As I have not read the posts, but have a feeling about what happened, so just let me state in a more common way: TC is a good guy and he has both helped and entertained us a lot. Sometimes he is getting a bit off, but then most things are alright again on the next day. So if he stated it will never work, it is only a rash moment of frustration and not a firm believe, as he is coding these thingys himself.
Then still we should keep our minds together and also slightly related to the topic and/or friendly chatter. Both has a group building effect and will help us to stay focused.

In my opinion (oporion) we are on a very good way and I am frankly very happy with this group of helpful people working with glee on a common task. Really amazing and thanks to all!

Good Work!
Bye!
Gnat - Matt
  • #5,044
  • Feb 15, 2008 4:05am Feb 15, 2008 4:05am
Quoting Pipsqueaker
me tooooo


Anybody else??
  • #5,045
  • Feb 15, 2008 4:07am Feb 15, 2008 4:07am
Quoting Eureka
Glad I could help in the testing. Been testing EAs way before MT4 ever came on the scene. I also agree that an EA can be programmed to trade. I think Rick is doing a great job.

And thanks to you Orion for organizing the testing. Being thorough is more important than speed. We will get there.

Carol
Absolutely Carol!

BTW... I will provide that photo with Glenn as I get to Montana!

Greetz!
Matt
  • #5,046
  • Feb 15, 2008 4:09am Feb 15, 2008 4:09am
One of the reasons I want the EA to succeed is that it would let me sleep once in awhile. My next door neighbor already thinks I am a vampire
  • #5,047
  • Edited 4:30am Feb 15, 2008 4:12am | Edited 4:30am
Hey Gnat Matt!

Can't wait! Maybe in another year or 2 we can have a group photo.......all successful Super Novas.

Way Kewl

Carol

Quoting Gnat
Absolutely Carol!

BTW... I will provide that photo with Glenn as I get to Montana!

Greetz!
Matt
  • #5,048
  • Feb 15, 2008 4:19am Feb 15, 2008 4:19am
Quoting orion70
One of the reasons I want the EA to succeed is that it would let me sleep once in awhile. My next door neighbor already thinks I am a vampire
I hope he will never get into his "Van Helsing" - phase then and buy one of these! Who shall coordinate the testing then??

http://www.jubailforums.com/vb35/ima.../vamplaser.gif

Greetz!
Matt
  • #5,049
  • Edited 4:26am Feb 15, 2008 4:25am | Edited 4:26am
I got my little temper tantrum out of my system and I would just as soon move on.

As far as the testing program goes, I have unlimited hosting and if anyone has any ideas for changes/additions/improvements, please speak up

One of the ideas I am toying with is that of a VPS for the testing. Anyone have any feelings in that regard?
  • #5,050
  • Edited 4:46am Feb 15, 2008 4:33am | Edited 4:46am
Quoting Eureka
Hey Gnat Matt!

Can't wait! Maybe in another year or 2 we can have another photo with many more.......all successful Super Novas.

Way Kewl

Carol
Right! A nice little gathering! http://www.jubailforums.com/vb35/ima.../gathering.gif http://www.jubailforums.com/vb35/ima...ies/artist.gif

And someone taking a picture!
  • #5,051
  • Feb 15, 2008 4:38am Feb 15, 2008 4:38am
Quoting orion70
I got my little temper tantrum out of my system and I would just as soon move on.

As far as the testing program goes, I have unlimited hosting and if anyone has any ideas for changes/additions/improvements, please speak up

One of the ideas I am toying with is that of a VPS for the testing. Anyone have any feelings in that regard?
Sounds really good to me! Let's have Rick's opinion and we could move the next phase of testing there! Unlimited sounds really cool - is it a sort of flatrate?
  • #5,052
  • Edited 4:44am Feb 15, 2008 4:43am | Edited 4:44am
Too funny!

Everyone say, 'Cheese'!!
Quoting Gnat
Right! I nice little gathering! http://www.jubailforums.com/vb35/ima.../gathering.gif http://www.jubailforums.com/vb35/ima...ies/artist.gif

And someone taking a picture!
  • #5,053
  • Feb 15, 2008 4:47am Feb 15, 2008 4:47am
Quoting Eureka
Too funny!

Everyone say, 'Cheese'!!
LOL ... Right!

In fact I could not find a photographer in the short time I had!
  • #5,054
  • Feb 15, 2008 10:55am Feb 15, 2008 10:55am
Yes...I can have as many domains as I want. I think VPS would be nice though because we wouldn't have to tie up our puter with multiple platforms.

Quoting Gnat
Sounds really good to me! Let's have Rick's opinion and we could move the next phase of testing there! Unlimited sounds really cool - is it a sort of flatrate?
  • #5,055
  • Feb 15, 2008 12:53pm Feb 15, 2008 12:53pm
Hi All,

Working feverishly on Beta 9. This just a summary. I will provide more details on configuration when I realease on Saturday. Here is what I have implemented:

ATR Based Risk - Risk is now normalized by pair ATR. If you only want to risk 2% per trade, the EA will now set a stop and calculate lots based on a multiplier of the daily ATR. This means that your trade allocates only the number of lots that if stopped out equals 2%. Since it is ATR based, it is self adjusting by pair and even by market conditions. Big ATR pairs like GBPJPY open smaller positions than slow movers like EURJPY since the stops are narrower for less volatile pairs. So the risk and the profit potential are both normalized.

ATR Based TakeProfit - Carol (Eureka) this is for you This is a self adjusting TakeProfit target based on ATR. It adjusts by pair and by market conditions. GBPJPY will set larger targets, while EURGBP will set smaller targets. The ATR multiplier allows you to give it a % of ATR to target per trade.

ATR based TrailingStop - This is the heart of the MM system. It is the basis for pyramiding and scale in/out. It also uses ATR to define trailing stop. It works a bit differently than the standard SN TS. The current TS and PSAR TS (both still work) increment the stoploss after the TS is hit every tick. This one moves the stop only when the TS or a multiple of the TS is hit. For example, if the user specifies an ATR TS of 50% and the ATR is 100 pips. The Stoploss will be set when the price is 50 pips above the entry price + spread. But the next time it is hit is another 50% later at 100 pips above the entry. These also make the scale in/out and pyramiding targets.

I am hoping to get the pyramiding and scale in/out in for Sunday, but it is a bit of work yet. Lost time to being sick. Here is what I suggest:

I have added quite a bit of new fuctionality in betas 8 and 9 and I think it might be a good idea to have an informal play week to debug and get used to these features. You may also want changes. Also, I am away from home Sunday through Tuesday during school vaction week. This would allow us to test and get used to the new stuff while I finish the MM. Then we go full blast in two Sundays.

How does everyone feel about this?

Rick
  • #5,056
  • Feb 15, 2008 1:01pm Feb 15, 2008 1:01pm
Quoting rmyers
Hi All,

How does everyone feel about this?

Rick
First we feel: http://www.jubailforums.com/vb35/ima...ilies/wave.gif

Then we talk it over: http://www.jubailforums.com/vb35/ima...ies/gossip.gif

And then really: http://www.jubailforums.com/vb35/ima.../woot_jump.gif

Really great. This is really amazing and if it only works halfway it is time to cover up, LOL!

Thanks again Rick!
Matt
  • #5,057
  • Feb 15, 2008 1:21pm Feb 15, 2008 1:21pm
Rick

Sounds like a good plan to me
  • #5,058
  • Feb 15, 2008 2:25pm Feb 15, 2008 2:25pm
Rick,

This works for me. Many thanks for what you do. Take of yourself and get over the flu.

Carol
  • #5,059
  • Feb 15, 2008 2:26pm Feb 15, 2008 2:26pm
Quoting Eureka
Rick,

This works for me. Many thanks for what you do. Take of yourself and get over the flu.

Carol
It rhymes!!
  • #5,060
  • Feb 15, 2008 2:26pm Feb 15, 2008 2:26pm
GnatMatt,

You are a HOOT! Too funny.

Carol

Quoting Gnat
First we feel: http://www.jubailforums.com/vb35/ima...ilies/wave.gif

Then we talk it over: http://www.jubailforums.com/vb35/ima...ies/gossip.gif

And then really: http://www.jubailforums.com/vb35/ima.../woot_jump.gif

Really great. This is really amazing and if it only works halfway it is time to cover up, LOL!

Thanks again Rick!
Matt
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