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The Bat...a strategy by Team Aphid

  • #241
  • Jan 18, 2007 10:49pm Jan 18, 2007 10:49pm
it appears that a more sure sign is waiting for the hour to CLOSE above/below the red/blue bat line before buying/selling. this eliminates some false signals. it is not a home run, but it appears that although this will eliminate some profits, it will preserve more capital.

additionally, it appears that if at buy#1, instead of adding 2+ pips, double that with a limit for 1/2 at 10 pips gained. this will help hedge against the other 1/2 incase the run is short lived.
  • #242
  • Jan 18, 2007 11:31pm Jan 18, 2007 11:31pm
Wow.

Newstrading is one minute of insanity separated by nauseating hours of ______________ . Now thanks to you guys and gal(s), I have another new toy to absorb those nauseating hours of ......whatever.

And just when I thought the amazing range of intellectual generosity continually evidenced on FF had peaked at the highest fib level....you guys and gal(s) at Team Aphid roll this baby out!! I just read the entire thread and what a page turner; better than some novels on the NY Times Bestseller list!!!

My personal thanks and kudos for you, added to those who preceded me and to the gratitude of those who will most surely follow.
  • #243
  • Jan 18, 2007 11:43pm Jan 18, 2007 11:43pm
yes, your stop and new limit buy order should be set at 9787 since mt4 shows bid prices. Otherwise you'll exit early (if you set your order at 9783). This is true to enter LONG trades, but you can use whatever the BAT indicator and fib levels show you on chart for SHORT trades.

Quoting The Wizard of Oz
When you are setting buy stops/limits i assume you add spread. So we are not entering the levels we have on the chart but rather 4 pips (in my case) higher. i forgot to do this when i backtested and it results in a lot of errors because the charts are bid. Doh!!! So that means on those trades that looked like they missed the stop by a few pips actually would have been taken out in real life if we had used the bid price for our orders.

So for current GBP/USD the exit showing on the chart is 9783, so my stop really needs to be set at 9787 otherwise I'll be stopped out too early, which might save a few pips here and there but I think will result in missing many orders.

Am I right?

Wiz.
  • #244
  • Jan 18, 2007 11:47pm Jan 18, 2007 11:47pm
Thank you for your nice words, compliments and support.

Quoting MoneyMa$ter
Wow.

Newstrading is one minute of insanity separated by nauseating hours of ______________ . Now thanks to you guys and gal(s), I have another new toy to absorb those nauseating hours of ......whatever.

And just when I thought the amazing range of intellectual generosity continually evidenced on FF had peaked at the highest fib level....you guys and gal(s) at Team Aphid roll this baby out!! I just read the entire thread and what a page turner; better than some novels on the NY Times Bestseller list!!!

My personal thanks and kudos for you, added to those who preceded me and to the gratitude of those who will most surely follow.
  • #245
  • Jan 19, 2007 12:00am Jan 19, 2007 12:00am
This should be tested properly to see how many pips you sacrifice and how many pips you save. And it will change many trade #2,3,4 entries as well.

Please have a look at Oct 2nd, 2006 15:00hr bar. If you wait for the hour to close, you are missing almost all potential profit (158 pips potential profit for 2 lots entry for trade #1, you get only 26 pips for 2 lots, instead). (example to "sacrifice")

So, the idea should be tested and then compared with original test results.

Thank you for your contribution.

Quoting christian2615
it appears that a more sure sign is waiting for the hour to CLOSE above/below the red/blue bat line before buying/selling. this eliminates some false signals. it is not a home run, but it appears that although this will eliminate some profits, it will preserve more capital.

additionally, it appears that if at buy#1, instead of adding 2+ pips, double that with a limit for 1/2 at 10 pips gained. this will help hedge against the other 1/2 incase the run is short lived.
  • #246
  • Jan 19, 2007 12:26am Jan 19, 2007 12:26am
Just a quick status report on the EA. The biggest bugs are out.

I had a few short backtests last night, and they were very promising.

I am running now while I am at work a backtest for 2006 to be able to compare with the manual backtest and thus see if the overall logic is really like forseen.

My first impression:

Entries: They are just great. All have the potential for 23.6% to 261.8%. Don't filter them, don't wait for full candles, you will rather loose good trades, without improving the success.

Maintainance of trades: I was/am very sceptical to invest into a "bad" trade, but the idea of averaging the price by buying new lotunits at -62% and -38% retracements seem to be it, often the trades turn and with nice results.

Exit: I see here the greatest potential for improvements. Often, when a price goes to +61.8 it will go beyond. I need to think something up. As well: Many trades which go wrong, still go first up to 23.6% and even to 50%, before going south. Backtesting of new exits will proove how to deal with that.
  • #247
  • Jan 19, 2007 12:46am Jan 19, 2007 12:46am
Thank you fukinagashi, your observations are correct and we share your ideas especially the one about greatest potential for improvements of exits which will also improve the end result substantially, though it may not improve winning ratio.

As TeamAphid, we believe we leave too many potential pips on table. Because we know there are many pros trading mechanical systems between 40-50% winning ratios and perform well.

As BAT system is designed to perform both in trending and ranging markets, its winning ratio is quite reasonable. Therefore, instead of focusing elimination of losing trades (if one can do that without harming the potential winning trades, that's fine), we believe we need to focus grabing more pips from winning trades by improving exits.



Quoting fukinagashi
Just a quick status report on the EA. The biggest bugs are out.

I had a few short backtests last night, and they were very promising.

I am running now while I am at work a backtest for 2006 to be able to compare with the manual backtest and thus see if the overall logic is really like forseen.

My first impression:

Entries: They are just great. All have the potential for 23.6% to 261.8%. Don't filter them, don't wait for full candles, you will rather loose good trades, without improving the success.

Maintainance of trades: I was/am very sceptical to invest into a "bad" trade, but the idea of averaging the price by buying new lotunits at -62% and -38% retracements seem to be it, often the trades turn and with nice results.

Exit: I see here the greatest potential for improvements. Often, when a price goes to +61.8 it will go beyond. I need to think something up. As well: Many trades which go wrong, still go first up to 23.6% and even to 50%, before going south. Backtesting of new exits will proove how to deal with that.
  • #248
  • Jan 19, 2007 1:13am Jan 19, 2007 1:13am
Quoting TeamAphid
...Yes...you can say we have been around a while..back when FF was just Merlin posting on his own..hehehe
LOL now that was seriously funny. Merlin cooking the books ey? I thought he could just wave his magic wand and have posts appear?

grin.
Thom
  • #249
  • Jan 19, 2007 5:34am Jan 19, 2007 5:34am
Mmmmm..........TeamAphi,

I have followed the thread so far and love to say i love KISS. I think the earlier someone helps us develop and EA, the better.

Some traders here keep day jobs and may not have the luxury of the time to trade the complexities in the system. EA is greatly required.....

Thanks to all great guys here.

Dollar-Manhttp://www.forexfactory.com/images/icons/dollar.gif
  • #250
  • Jan 19, 2007 5:53am Jan 19, 2007 5:53am
Thanks for the great system. I'm testing it now.

Apologies for the 'newbie' question but I'm sure others have been caught by it.

I placed a 'BuySTOP' for the initial order, the price fell and hit my next order. It was a 'BuyLIMIT' which seemed to cancel out the first order which I'm pretty sure isn't meant to happen

I tried to place a 'BuySTOP' at this level (and the next one) but FXDD system wouldn't let me. Can some kind soul please tell me what type of order I'm supposed to place as a pending order?

Regards

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #251
  • Jan 19, 2007 6:19am Jan 19, 2007 6:19am
All you need to use Limit Order for entries. But, please do not put limit orders for trade #2,3,4 before limit order for trade #1 is filled.


Quoting luxinterior
Thanks for the great system. I'm testing it now.

Apologies for the 'newbie' question but I'm sure others have been caught by it.

I placed a 'BuySTOP' for the initial order, the price fell and hit my next order. It was a 'BuyLIMIT' which seemed to cancel out the first order which I'm pretty sure isn't meant to happen

I tried to place a 'BuySTOP' at this level (and the next one) but FXDD system wouldn't let me. Can some kind soul please tell me what type of order I'm supposed to place as a pending order?

Regards

Lux
  • #252
  • Jan 19, 2007 6:47am Jan 19, 2007 6:47am
When trading the "open with 2 lots variation", does that mean that a full monty is now potentially 5 lots, or still 4 with only a single lot open for trade #3?
Michael fxgorilla
  • #253
  • Jan 19, 2007 7:10am Jan 19, 2007 7:10am
Thanks for the response TA. That's exactly what I did. The initial order was running and the other two where set as pending 'BuyLIMIT's but for some reason when the second order was triggered it canceled the first order.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #254
  • Jan 19, 2007 7:16am Jan 19, 2007 7:16am
Quoting luxinterior
Thanks for the response TA. That's exactly what I did. The initial order was running and the other two where set as pending 'BuyLIMIT's but for some reason when the second order was triggered it canceled the first order.

Lux
Just a thought but your broker may combine the orders so it will only show as one order but you just added to it.
  • #255
  • Jan 19, 2007 7:16am Jan 19, 2007 7:16am
Yes, a full monty is now potentially 5 lots;

2 lots for trade #1
1 lot for trade #2 61.8 fib level
2 lots for trade #3,4 38.2 fib level


Quoting fxgorilla
When trading the "open with 2 lots variation", does that mean that a full monty is now potentially 5 lots, or still 4 with only a single lot open for trade #3?
  • #256
  • Jan 19, 2007 8:31am Jan 19, 2007 8:31am
TeamAphid,

Thank you for great strategy! I was wondering if it would be possible to create EA which would modify stop loss when TA line changes and send alert when TA was hit. It would make it easier to track positions.


P.S. I can try to create this EA, but I’m not very proficient with mql4..


Thanks!
Den
  • #257
  • Jan 19, 2007 11:49am Jan 19, 2007 11:49am
When you enter with "2 lots (Trade #1) and it compensates spreads and give us some extra pips", do you consider them as one and let them both run? Do you close one lot to lock in profit at some point? For example 161.8 Fib.
  • #258
  • Jan 19, 2007 3:49pm Jan 19, 2007 3:49pm
Quoting dmg156
Just a thought but your broker may combine the orders so it will only show as one order but you just added to it.
No it appears the first order was canceled (minus 45 pips) when the second order was triggered. I'm going to have to figure this out if I'm to use this system.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #259
  • Jan 19, 2007 5:13pm Jan 19, 2007 5:13pm
Please see post #246.

fukinagashi, can you please look into this if it would be possible to add this feature?

Thanks.



Quoting denonline
TeamAphid,

Thank you for great strategy! I was wondering if it would be possible to create EA which would modify stop loss when TA line changes and send alert when TA was hit. It would make it easier to track positions.


P.S. I can try to create this EA, but I’m not very proficient with mql4..


Thanks!
Den
  • #260
  • Jan 19, 2007 5:40pm Jan 19, 2007 5:40pm
Try using Heikin Ashi candles for your exits... see if that helps.
Mr. Trend
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