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The Bat...a strategy by Team Aphid

  • #61
  • Jan 16, 2007 10:59pm Jan 16, 2007 10:59pm
Thanks Squash and Loki...typo fixed!
  • #62
  • Jan 16, 2007 11:07pm Jan 16, 2007 11:07pm
Well I have to say so far the results have been phenomenal. I just finished manually backtesting Jan 2006 and the results are a net of 606 pips!!!!! I did however count the two lot trades as twice the pips, i.e. if you made 50 pips trading the two lots I counted it as 100 pips to make counting things up easier.

I'm still working on backtesting up through the current date, so I can't tell if January is just a freakishly good month or not, but Team Aphid is correct when they say this system takes pips from both trending and ranging markets. I think it is the first system that I have ever seen that can make that claim.

KEEP UP THE GOOD WORK TEAM APHID!
  • #63
  • Jan 16, 2007 11:13pm Jan 16, 2007 11:13pm
Thanks for your suggestion. Actually we did not consider to add more indicators as we prefer "simple is better". And as TeamAphid, almost all of our other studies are based on longer time frames, even daily ones.

But if you can explain in detail how we can use 55ema curve filter to saw out probable losing trades, we are, of course, ready to test your idea. That's why we are sharing this system with valuable FF members, to improve BAT further and make it more profitable. So we are open to ideas.


Quoting jest1081
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?
  • #64
  • Jan 16, 2007 11:16pm Jan 16, 2007 11:16pm
Note: you have changed SHORT to LONG, but there is also another error - the stop loss will be 10 pips under the LOW in this case, not 10 pips above the HIGH
  • #65
  • Jan 16, 2007 11:26pm Jan 16, 2007 11:26pm
Thanks Xerof, we are aware, and it is being taken care, now.

Quoting Xerof
Note: you have changed SHORT to LONG, but there is also another error - the stop loss will be 10 pips under the LOW in this case, not 10 pips above the HIGH
  • #66
  • Jan 16, 2007 11:27pm Jan 16, 2007 11:27pm
Thanks Loki, let me tell you this, out of 13 months backtests, GBPUSD has just one month with negative pips result. So if you look from monthly perspective, winning ratio is 92.30%, but this figure is, of course, much lesser for individual trades or daily basis. But, if you are after consistent winning month after month, by using correct money management techniques, BAT looks very promising, in our opinion.

Quoting Loki
Well I have to say so far the results have been phenomenal. I just finished manually backtesting Jan 2006 and the results are a net of 606 pips!!!!! I did however count the two lot trades as twice the pips, i.e. if you made 50 pips trading the two lots I counted it as 100 pips to make counting things up easier.

I'm still working on backtesting up through the current date, so I can't tell if January is just a freakishly good month or not, but Team Aphid is correct when they say this system takes pips from both trending and ranging markets. I think it is the first system that I have ever seen that can make that claim.

KEEP UP THE GOOD WORK TEAM APHID!
  • #67
  • Edited Jan 17, 2007 12:00am Jan 16, 2007 11:36pm | Edited Jan 17, 2007 12:00am
Feburary 2006 didn't fare so well, -176 pips. The system would still be up over 400 pips however.
March ended up +9 pips for a total of 413 pips (including commissions) since January 2006.

Off to bed.
  • #68
  • Jan 16, 2007 11:51pm Jan 16, 2007 11:51pm
Actually we have different results and both months were positive.

Quoting Loki
Feburary 2006 didn't fare so well, -176 pips. The system would still be up over 400 pips however.
  • #69
  • Edited 3:37am Jan 17, 2007 12:16am | Edited 3:37am
Hi Team Aphid, Just a ramble...this tid bit is probably old news to you but i've found it is nice to have the price in my FiboRetracement tool's description, you might too?

The addition of the following will show price on any line on the tool:

%$

what you are adding is the %(percent)$(dollar) symbols on the line.

so the description will read:

SWING 1.9688


.....or whatever the zero line on the fibo tool is set at. Then add that code to any fibo description that you are entering a unit or taking profits for easy trade station order management.

Cheers,
Thom
  • #70
  • Jan 17, 2007 12:22am Jan 17, 2007 12:22am
Quoting TeamAphid
Actually we have different results and both months were positive.
Would you guys be willing to post your trades (just numbers would work fine) for one of the two months? I need to figure out what I'm doing wrong.

I followed the system to the letter as I understand it from the PDF, with no discretionary trades or additional filters. Granted picking the top/bottom for the Fibo lines can be subjective but I can't see them making that huge of a deal.
  • #71
  • Jan 17, 2007 12:34am Jan 17, 2007 12:34am
Thanks for this improvement Thom, we are sure it will enhance the visual of charts and help users of BAT system.


Quoting accrete
Hi Team Aphid, Just a ramble...this tid bit is probably old news to you but i've found it is nice to have the price in my FiboRetracement tool's description, you might too?

The addition of the following will show price on any line on the tool:

%$

what you are adding is the %(percent)$(dollar) symbols on the line.

so the description will read:

SWING 1.9688

.....or whatever the zero line on the fibo tool is set at. Then add that code to any fibo description that you are entering a unit or taking profits for easy trade station order management.

Cheers,
Thom
  • #72
  • Edited 2:09am Jan 17, 2007 12:47am | Edited 2:09am
Hi all, since i was in a doodlin mood and read in the PDF file the suggestion to set up MT4 "Alarms" i did a quick hack on a simple horizontal line audio alert that you can download from my server in this directory:

http://accrete.com/fx-bat/

The BAT_Red_Alert.mq4 and it's sound file red-bat-alert.wav should be placed at the red bat line and then do the same for the for the "Blue_Alert" %& "blue-bat" pair.

You will place the .wav files into the MT4's "sounds" directory. When you first place the indicators on a chart the line will show up at the current price, just sellect it and drag it to the corresponding colored "Bat Line" and you are good to go!

POST SCRIPT: I just added one called "BAT_Alert.mq4" and it's wave file "bat-alert.wav" this one is purple and can be placed anywhere you wish like a take profit areas or others.

...as i post the PS note i've alread gotten into my first BAT Trade long...but i accidentaly got in 10 pips prior to the 1hr's level as i was on the 30m chart by accident.

: ) Thom
  • #73
  • Jan 17, 2007 1:06am Jan 17, 2007 1:06am
Thanks again, Thom.

Quoting accrete
Hi all, since i was in a doodlin mood and read in the PDF file the suggestion to set up MT4 "Alarms" i did a quick hack on a simple horizontal line audio alert that you can download from my server in this directory:

http://accrete.com/fx-bat/

The BAT_Red_Alert.mq4 and it's sound file red-bat-alert.wav should be placed at the red bat line and then do the same for the for the "Blue_Alert" %& "blue-bat" pair.

You will place the .wav files into the MT4's "sounds" directory. When you first place the indicators on a chart the line will show up at the current price, just sellect it and drag it to the corresponding colored "Bat Line" and you are good to go!

: ) Thom
  • #74
  • Jan 17, 2007 1:13am Jan 17, 2007 1:13am
We are attaching Feb 2006 backtest results so that you can compare.

Quoting Loki
Would you guys be willing to post your trades (just numbers would work fine) for one of the two months? I need to figure out what I'm doing wrong.

I followed the system to the letter as I understand it from the PDF, with no discretionary trades or additional filters. Granted picking the top/bottom for the Fibo lines can be subjective but I can't see them making that huge of a deal.
Attached File(s)
File Type: doc BAT-Feb06-Backtest.doc   81 KB | 2,094 downloads
  • #75
  • Jan 17, 2007 1:50am Jan 17, 2007 1:50am
I have a silly sort of question that has to do with the color scheme. Now what i'm rambling on below has nothing to do with tweaking the model in any way, it is only a color/visual que on the existing lines.

I can imagine, though never using an ATR indicator, that the upper "red" line was originaly intended as some sort of Stop and Reverse line of sorts? and vice versa for the lower blue line. But reading through the PDF file that is not the case in this model which is fine.

It took two reads to "get it". What was throwing me off mentaly was the visual Que of the Red line which historicaly ment to me that the color red was a "Bearish" signal, and a blue one was "Bullish".

Just wondering if switching the colors would make easier sense to newbies that might be looking at "Blue" candles as "Bulls" and "Red" as "Bears" which is very typical of a trade station setup these days... the sky is blue they say (unless you live in Oregon like i do and i just have to guess it's blue above the cloud cover!).

It makes perfect visual sense to me to "Go Long" when a "Sky is Blue" line is breached going up... and to "Go Short" when a "Earth is Red" line is breached going down.

I know, my wife says i'm waaaaaay to much of a detail kinda guy. But at least i don't line all the labels up in the cupboard and she is still sleeping with me after 2 dozen years. grin.

: ) Thom
  • #76
  • Jan 17, 2007 1:51am Jan 17, 2007 1:51am
that was the first thing i did with this indicator. switching red and blue

  • #77
  • Jan 17, 2007 2:17am Jan 17, 2007 2:17am
Of course, you can switch colours. But when we see the red line on chart, we understand that bears are in control and vice versa. If you look at it from signal point of view, then you are right.

Quoting accrete
I have a silly sort of question that has to do with the color scheme. Now what i'm rambling on below has nothing to do with tweaking the model in any way, it is only a color/visual que on the existing lines.

I can imagine, though never using an ATR indicator, that the upper "red" line was originaly intended as some sort of Stop and Reverse line of sorts? and vice versa for the lower blue line. But reading through the PDF file that is not the case in this model which is fine.

It took two reads to "get it". What was throwing me off mentaly was the visual Que of the Red line which historicaly ment to me that the color red was a "Bearish" signal, and a blue one was "Bullish".

Just wondering if switching the colors would make easier sense to newbies that might be looking at "Blue" candles as "Bulls" and "Red" as "Bears" which is very typical of a trade station setup these days... the sky is blue they say (unless you live in Oregon like i do and i just have to guess it's blue above the cloud cover!).

It makes perfect visual sense to me to "Go Long" when a "Sky is Blue" line is breached going up... and to "Go Short" when a "Earth is Red" line is breached going down.

I know, my wife says i'm waaaaaay to much of a detail kinda guy. But at least i don't line all the labels up in the cupboard and she is still sleeping with me after 2 dozen years. grin.

: ) Thom
  • #78
  • Jan 17, 2007 2:30am Jan 17, 2007 2:30am
Quoting TeamAphid
Of course, you can switch colours. But when we see the red line on chart, we understand that bears are in control and vice versa. If you look at it from signal point of view, then you are right.
Yup, the "control" verses the "signal" viewpoints were my brain's mixup/confusion. Since i was looking at the lines as entry "signals" my mind was looking for "blue" for long, but my eyes were seeing red! I know it's no big deal, but if we ever got into posting charts it could throw ppl off for sure, guess i'll just put a disclaimer for the color blind if we ever have a thread to post trades/chart examples.

: ) Thom
  • #79
  • Jan 17, 2007 2:34am Jan 17, 2007 2:34am
Hi TeamAphid,

Thanks very much! To confirm what I understand from the document: Price merely needs to break through the opposite Bat line for the current trade to be stopped out, correct? i.e. we do not need to wait for the current candle/bar to close. If not, how does the indicator handle price retraces back across a bat line (and what should the trader's corresponding actions be)?

Thanks,
BlueMeasure
  • #80
  • Jan 17, 2007 3:20am Jan 17, 2007 3:20am
Yes, price needs to break through the opposite Bat line for the current trade to be stopped out, that is correct and and you don't need to wait for the current candle/bar to close.

After breaking through the opposite BAT line, you have to wait for next bar to be able to see the new BAT line (in the mean time, put your limit orders for fib retracement trades, as you already know the swing high/low).

Whenever a BAT line is hit, you have nothing to do with it anymore and start watching the new BAT line and it appears with next 1hr bar with a certain margin. We have never seen a case such as price breaks through the opposite BAT line and then retraces and drops like a stone before formation of a new BAT line next hour.

We hope we have answered what you asked. Otherwise, can you please explain in detail preferably with a chart.


Quoting bluemeasure
Hi TeamAphid,

Thanks very much! To confirm what I understand from the document: Price merely needs to break through the opposite Bat line for the current trade to be stopped out, correct? i.e. we do not need to wait for the current candle/bar to close. If not, how does the indicator handle price retraces back across a bat line (and what should the trader's corresponding actions be)?

Thanks,
BlueMeasure
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