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The Bat...a strategy by Team Aphid

  • #41
  • Jan 16, 2007 6:10pm Jan 16, 2007 6:10pm
Hey Team,

I'm looking forward to The Bat and hopefully can contribute positively to the thread!

1Trader2
  • #42
  • Jan 16, 2007 6:29pm Jan 16, 2007 6:29pm
Good Stuff. Have you got any stats on your testing?
Like win percent and maybe average win and average loss? Of various pairs..

Of course with your names on it, it is a sure bet it will be top notch...

Thanks much, Scott
  • #43
  • Jan 16, 2007 6:47pm Jan 16, 2007 6:47pm
Welcome TeamAphid and thank you for the BAT, I have just downloaded the pdf and will be going through it tonight.
  • #44
  • Jan 16, 2007 6:58pm Jan 16, 2007 6:58pm
Thankyou very much team Aphid. i really like the way you use the fibs here.

I have a question though. After entering a trade you place a stop above/below the recent swing high/low. Now if after placing a trade price then breaks the opposite BAT line but does not hit the stop then do we just ignore the BAT line in this case and leave our stop at the original swing/high low +/- 10 pips, or should we reverse at that point.

The atatched chart of the current GBP/USD 1hr illustrates what i am trying to say.

We should already be short 1 lot now if price retraces to the 61.8 then it would also break the red BAT line. So do we ignore the BAT line in this case?

Thanks, Wiz.

PS. The current open trade has nothing to do with the BAT.
Attached Image
  • #45
  • Jan 16, 2007 7:09pm Jan 16, 2007 7:09pm
Yes it works in both markets...trend and range. Thanks TA!
  • #46
  • Jan 16, 2007 7:19pm Jan 16, 2007 7:19pm
Is this viable on other timeframes, such as the M15? James16 people should know what I'm talking about here. I was trying to work it out on this timeframe but couldnt quite get it right.
  • #47
  • Jan 16, 2007 7:22pm Jan 16, 2007 7:22pm
Please post backtesting results, and more importantly, forward tested results for at least three months.
Mr. Trend
  • #48
  • Jan 16, 2007 7:27pm Jan 16, 2007 7:27pm
Thanks smjones. Yes, we have stats, win percents, total pips, average loss and average win. We are updating those info as well for FF community and we'll post the spreadsheet asap.


Quoting smjones
Good Stuff. Have you got any stats on your testing?
Like win percent and maybe average win and average loss? Of various pairs..

Of course with your names on it, it is a sure bet it will be top notch...

Thanks much, Scott
  • #49
  • Jan 16, 2007 7:41pm Jan 16, 2007 7:41pm
Quoting TeamAphid
Thanks smjones. Yes, we have stats, win percents, total pips, average loss and average win. We are updating those info as well for FF community and we'll post the spreadsheet asap.
No rush. Thanks for the great work..
  • #50
  • Jan 16, 2007 7:45pm Jan 16, 2007 7:45pm
We do not ignore BAT line at all. In your case, if price retraces to the 61.8 fib, it will hit the red BAT line before touching 61.8 fib level. So you will reverse the position when the price hits BAT line (cancel your pending orders you put to go short from 61.8 fib line) and you will be long with 1 lot. So AFTER ATR line passes through fib lines, it acts as a trailing stop. This means ATR line has priority.

This also answers your first question. But if, for a short position let's say, BAT line is still above the swing high +10pips, then we use swing high +10pips as stoploss and then wait for the price to hit red BAT line to go long.

We hope this is not confusing.


Quoting The Wizard of Oz
Thankyou very much team Aphid. i really like the way you use the fibs here.

I have a question though. After entering a trade you place a stop above/below the recent swing high/low. Now if after placing a trade price then breaks the opposite BAT line but does not hit the stop then do we just ignore the BAT line in this case and leave our stop at the original swing/high low +/- 10 pips, or should we reverse at that point.

The atatched chart of the current GBP/USD 1hr illustrates what i am trying to say.

We should already be short 1 lot now if price retraces to the 61.8 then it would also break the red BAT line. So do we ignore the BAT line in this case?

Thanks, Wiz.

PS. The current open trade has nothing to do with the BAT.
  • #51
  • Jan 16, 2007 7:50pm Jan 16, 2007 7:50pm
Hi Squash, we tested other timeframes as well and when you use lower timeframes, like most of the other indicators, you get more signals and more loser trades (but smaller losses of course). The reverse is true for longer timeframes. Therefore, we found 1hr time frame is the most suitable to trade.

Quoting Squash
Is this viable on other timeframes, such as the M15? James16 people should know what I'm talking about here. I was trying to work it out on this timeframe but couldnt quite get it right.
  • #52
  • Jan 16, 2007 7:57pm Jan 16, 2007 7:57pm
We will asap. And the results before July 2006 are only backtests. We have been trading this system since July 2006 in a trading account with real money, so the results from July 2006 to today will be forward test results in that sense.

Quoting Mr Trend
Please post backtesting results, and more importantly, forward tested results for at least three months.
  • #53
  • Jan 16, 2007 8:02pm Jan 16, 2007 8:02pm
Quoting TeamAphid
Hi Squash, we tested other timeframes as well and when you use lower timeframes, like most of the other indicators, you get more signals and more loser trades (but smaller losses of course). The reverse is true for longer timeframes. Therefore, we found 1hr time frame is the most suitable to trade.
Thanks for your reply. I'll start some testing tonight and see how it goes. This type of method suits me perfectly so thanks again for your contribution.
  • #54
  • Jan 16, 2007 9:04pm Jan 16, 2007 9:04pm
Quoting TeamAphid
We do not ignore BAT line at all. In your case, if price retraces to the 61.8 fib, it will hit the red BAT line before touching 61.8 fib level. So you will reverse the position when the price hits BAT line (cancel your pending orders you put to go short from 61.8 fib line) and you will be long with 1 lot. So AFTER ATR line passes through fib lines, it acts as a trailing stop. This means ATR line has priority.

This also answers your first question. But if, for a short position let's say, BAT line is still above the swing high +10pips, then we use swing high +10pips as stoploss and then wait for the price to hit red BAT line to go long.

We hope this is not confusing.
Thanks for that. You have answered my question. Makes perfect sense.
  • #55
  • Jan 16, 2007 9:36pm Jan 16, 2007 9:36pm
I guess I am confused. Price never actually punches through the BAT lines. Now, the BAT lines do tend to run with the prices, but I never see price go through the BAT line.

So what do you mean by that? That it's parallel with the line?

Furthermore, when you get opposite BAT lines that write, they are above the price, so how will you ever get a signal since price doesn't go through them?
Mr. Trend
  • #56
  • Edited 10:30pm Jan 16, 2007 10:07pm | Edited 10:30pm
Please see the chart The Wizard of Oz attached ( post 44). Price touches the blue BAT line which means you will go short and then swings around the blue line. You are short with 1 lot and getting ready to go short 1 more lot if price retraces to 61.8 fib line and short 2 more lots if price retraces to 38.2 fib lines. While you have pending orders for these additional short positions, the red BAT line starts its downward move and passes through fib lines. It first passes through 38.2 fib line and at that stage you will cancel your pending order to go short with 2 lots. If, at the close of 1 hr bar, it passes through 61.8 fib level, then you will cancel your remaining pending order and then just watch red BAT line with one lot. Whenever price hits this red BAT line, then you will exit your one lot and reverse position and go long with one lot.

One reminder, the level of BAT line changes in current 1hr bar, but it is fixed starting from the previous bar backward. So you need to use previous bar's BAT level as a reference to reverse the position, as explained in pdf document.

If price never actually punches through the BAT lines, as you indicated, then we cannot have this system as there will be no signals. Actually, it does continuously, please check sample charts (charts 1, 2, 4) to see how price passes through or hits BAT lines.

Sorry for the confusion, we hope it is clear now.


Quoting Mr Trend
I guess I am confused. Price never actually punches through the BAT lines. Now, the BAT lines do tend to run with the prices, but I never see price go through the BAT line.

So what do you mean by that? That it's parallel with the line?

Furthermore, when you get opposite BAT lines that write, they are above the price, so how will you ever get a signal since price doesn't go through them?
  • #57
  • Jan 16, 2007 10:08pm Jan 16, 2007 10:08pm
I just PM'ed you about a potential issue
  • #58
  • Jan 16, 2007 10:15pm Jan 16, 2007 10:15pm
Just as a heads up, there is a typo (at least I think) on page 4. It says "They will be SHORT trades". According to the chart, they should be long trades as short trades would not make sense. Maybe I'm misunderstanding the system though.
  • #59
  • Jan 16, 2007 10:15pm Jan 16, 2007 10:15pm
Hmmm...for shorter timeframes you do have more losers...hi TA, just a lingering question, have u considered using 55ema curve filter to saw out probable losing trades for the smaller timeframes?
  • #60
  • Jan 16, 2007 10:31pm Jan 16, 2007 10:31pm
Quoting Loki
Just as a heads up, there is a typo (at least I think) on page 4. It says "They will be SHORT trades". According to the chart, they should be long trades as short trades would not make sense. Maybe I'm misunderstanding the system though.
I noticed this also. Thought I might be going crazy.:
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