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The Bat...a strategy by Team Aphid

  • #101
  • Jan 17, 2007 6:15am Jan 17, 2007 6:15am
Quoting TeamAphid
In that case your settings will never match ours.
Either switch to Alpari or be aware that yours will always differ.
Thanks for answering my question while I was still asking it.
Is your SL my TP?
  • #102
  • Jan 17, 2007 6:16am Jan 17, 2007 6:16am
I have just tested this using 3 Lots bought/sold at the Bat Line rather than adding them with any Fib Retracement and took profits at the 161, 216 and as Aphid does at the next Bat Fly-By.
Results for Feb +756pips ( am I wrong? )
Results for March 06 were a staggering 1441pips ( please check ) The Bat results by comparison were +482 ( please double check )
Also if the price retraced back to the original buy/sell after making it to the 161 the lots were closed out without taking a loss. If they did not make the 161 then a loss was booked as per Ahpids intial posts.

Hi Aphid did you ever test this way? If so did it not work out long term?

Am I just doing it wrong?
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #103
  • Jan 17, 2007 6:20am Jan 17, 2007 6:20am
FF resized it. here is the full picture: http://piccolo.burti.lv/journal_img/...sentiment6.gif

I know it is wrong as the SL would have been too big.

Quoting TeamAphid
I found it quite hard to read your chart.
It does take a bit of patience and practice to get the hang of this system and nothing beats watching it in real time and demo trading.
Here is my chart of the current BAT trade on GBPUSD on ALPARI data.
See how the blue line waits an hour before it starts to form?
  • #104
  • Jan 17, 2007 6:28am Jan 17, 2007 6:28am
Quoting kenmania
Thanks for answering my question while I was still asking it.
You are welcome!!!!!
  • #105
  • Jan 17, 2007 6:29am Jan 17, 2007 6:29am
Thanks TA for the reply,

The re-entry idea sounds interesting, it could blow a massive hole in your pipbank if it then fails again though. An example on the 21/12/2006 would have resulted in an approx. 328 pip loss, plus losing 18pips X no. lots we re-entered with, before receiving an opposite entry signal. This is perhaps a bad time of the year to be looking at. And I guess also that it is a small loss compared to the massive gain we would get by being in that long trade you posted.

Please don't think I'm criticizing BAT at all, I think it looks great.
  • #106
  • Jan 17, 2007 6:31am Jan 17, 2007 6:31am
Quoting kenmania
I'm on IBFX also, and my blue bat line is @ 1.9607. using the settings per the instructions.

TA says Alpari shows 1.9576.

We're going to quite different entry and exit points, it seems.

Or would it be beneficial to open a demo with Alpari and trade from that?
I just set everything up on the Alpari demo server. The Alpari chart is showing the blue bat line @ 1.9605- only a one pip difference from IBFX.

I'm on the GPBUSD 1 HOUR chart... ATR=5, Factor= 4.0.

What have I done wrong?
Is your SL my TP?
  • #107
  • Jan 17, 2007 6:39am Jan 17, 2007 6:39am
Quoting kenmania
I just set everything up on the Alpari demo server. The Alpari chart is showing the blue bat line @ 1.9605- only a one pip difference from IBFX.

I'm on the GPBUSD 1 HOUR chart... ATR=5, Factor= 4.0.

What have I done wrong?
I have the upper line (red) at 1.9648 (one pip difference from TA)
and the lower (blue) at 1.9578

I am using InterbankFX demo feed.

Are you sure you have GBPUSD 1H open?
  • #108
  • Jan 17, 2007 6:42am Jan 17, 2007 6:42am
Quoting piccolo
FF resized it. here is the full picture: http://piccolo.burti.lv/journal_img/...sentiment6.gif

I know it is wrong as the SL would have been too big.
No this is not wrong as you can use your own discretion when drawing the fib lines. If you are comfortable trading with this size stop and giving price plenty of room to move then that is fine also.
When trading this real time ( demo) you will soon get a feel for what suits you. You will also see that it does not take long for your stops to be moved to the blue line on the long trade (during which time you will pick up your retracement trades) and this trade will end as a full monty.
  • #109
  • Jan 17, 2007 6:43am Jan 17, 2007 6:43am
I just did April 06 now and reckon I come up 439 pips for the 3 lot buy/sell and +270pips for the Pure Bat. Am I close to the mark Aphid with your actual results for March and April? And if anyone is checking my effort, am I wrong?
It really catches the big runs, would I have the staying power to hang on? Based on my past efforts, I would say definately not. I would have been so excited to see 50pips I would have bailed.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #110
  • Jan 17, 2007 6:48am Jan 17, 2007 6:48am
TA, thank you so much for your time and efforts in this thread, much appreciated!

IBFX feed here also as they are GMT 00:00 and i like that as i'm at the charts at London Open ...and it lines up with 08:00 on the charts : ) and trading off the FXSolutions trade station as my accounts are w/them.

In the long run i would not think the few pips would matter.

: ) Thom
  • #111
  • Jan 17, 2007 6:48am Jan 17, 2007 6:48am
Hi, my name is Michael! Is great to see such a great team on forex factory. i would like to join your team and be a part. I think i have good things to give and more to learn from you. What should i do to be a part? Thank you! Succes in your trades!
  • #112
  • Jan 17, 2007 6:53am Jan 17, 2007 6:53am
Quoting grrowler
Thanks TA for the reply,

The re-entry idea sounds interesting, it could blow a massive hole in your pipbank if it then fails again though. An example on the 21/12/2006 would have resulted in an approx. 328 pip loss, plus losing 18pips X no. lots we re-entered with, before receiving an opposite entry signal. This is perhaps a bad time of the year to be looking at. And I guess also that it is a small loss compared to the massive gain we would get by being in that long trade you posted.The re entry is just an idea we have been tossing around for a while...this situation does not occur that often therefore we had not formalised a rule. Any and all suggestions are welcome.

Please don't think I'm criticizing BAT at all, I think it looks great.
Not at all!!!!

Look at Piccolos' trade via his link where he drew the fib to a low of two days previous giving this trade plenty of room and then this trade ends in a full monty.
  • #113
  • Jan 17, 2007 6:57am Jan 17, 2007 6:57am
Quoting accrete
TA, thank you so much for your time and efforts in this thread, much appreciated!

IBFX feed here also as they are GMT 00:00 and i like that as i'm at the charts at London Open ...and it lines up with 08:00 on the charts : ) and trading off the FXSolutions trade station as my accounts are w/them.

In the long run i would not think the few pips would matter.

: ) Thom
Trading on another platform really is fine it ...is just that when ppl are trying to match their trades and entries with ours that they must realise this is impossible if they are on a different data feed.
btw
Thank you Thom!!!
  • #114
  • Jan 17, 2007 7:15am Jan 17, 2007 7:15am
BTW, is anyone in the last long entry?

I really want to stick to the pure system, but my feeling is the bulls are running out of steam, and want to put on a tp. Maybe its just my emotions playing with me again.

Whats the general concensus? TA?
  • #115
  • Jan 17, 2007 7:19am Jan 17, 2007 7:19am
Quoting TeamAphid
Trading on another platform really is fine it ...is just that when ppl are trying to match their trades and entries with ours that they must realise this is impossible if they are on a different data feed.
btw
Thank you Thom!!!
I know they can't be perfect, but we're talking about a thirty pip discrepency. I'm looking at IBFX and Alpari demo platforms which are nearly the same, but my numbers are still way different than yours.

I just wanted to figure out if I'm doing something wrong with my setup or whatever. Something has to be different other than the data feeds.
Is your SL my TP?
  • #116
  • Jan 17, 2007 7:19am Jan 17, 2007 7:19am
Quoting grrowler
BTW, is anyone in the last long entry?

I really want to stick to the pure system, but my feeling is the bulls are running out of steam, and want to put on a tp. Maybe its just my emotions playing with me again.

Whats the general concensus? TA?
So you are going to add discretion to a mechanical system? I do not think you will be trading this system anymore, if you were to do this.... Yours would be a hybird.

For me, I think I would trade it as is for a while and get a feel for it behind the wheel so to speak.
  • #117
  • Jan 17, 2007 7:32am Jan 17, 2007 7:32am
smjones,

thanks, point taken. Thats what I needed. Naughty emotions!
  • #118
  • Jan 17, 2007 7:59am Jan 17, 2007 7:59am
This is one of the reasons we have opened this system to FF community. We believe it can be improved and become even more profitable. So, feel free to change number of lots traded, profit levels, stop levels etc.

We haven't tested it this way. But looks interesting, we'll test it at least for Feb and March to see if we have a match with you. Thanks for new ideas.


Quoting mach.25
I have just tested this using 3 Lots bought/sold at the Bat Line rather than adding them with any Fib Retracement and took profits at the 161, 216 and as Aphid does at the next Bat Fly-By.
Results for Feb +756pips ( am I wrong? )
Results for March 06 were a staggering 1441pips ( please check ) The Bat results by comparison were +482 ( please double check )
Also if the price retraced back to the original buy/sell after making it to the 161 the lots were closed out without taking a loss. If they did not make the 161 then a loss was booked as per Ahpids intial posts.

Hi Aphid did you ever test this way? If so did it not work out long term?

Am I just doing it wrong?
  • #119
  • Jan 17, 2007 8:11am Jan 17, 2007 8:11am
We should also remind you that TeamAphid does not trade between December 20th and January 2nd due to holiday conditions. Therefore, our results exclude these dates.

Quoting grrowler
Thanks TA for the reply,

The re-entry idea sounds interesting, it could blow a massive hole in your pipbank if it then fails again though. An example on the 21/12/2006 would have resulted in an approx. 328 pip loss, plus losing 18pips X no. lots we re-entered with, before receiving an opposite entry signal. This is perhaps a bad time of the year to be looking at. And I guess also that it is a small loss compared to the massive gain we would get by being in that long trade you posted.

Please don't think I'm criticizing BAT at all, I think it looks great.
  • #120
  • Jan 17, 2007 8:19am Jan 17, 2007 8:19am
Our March result is +698 pips and April result is +327 pips. Will post results as soon as we finish updating them. We are also preparing results for other pairs we would recommend to trade with BAT system. For the time being, in order for everyone to understand the system better, we have limited the discussion for GBPUSD only. Thank you for your understanding.


Quoting mach.25
I just did April 06 now and reckon I come up 439 pips for the 3 lot buy/sell and +270pips for the Pure Bat. Am I close to the mark Aphid with your actual results for March and April? And if anyone is checking my effort, am I wrong?
It really catches the big runs, would I have the staying power to hang on? Based on my past efforts, I would say definately not. I would have been so excited to see 50pips I would have bailed.
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