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The Bat...a strategy by Team Aphid

  • #261
  • Jan 21, 2007 6:05pm Jan 21, 2007 6:05pm
I too am trying to put an EA together for the Bat. My sticky point right now is setting a variable equal to the blue and red lines. Sorry cutting and pasting the Bat indicator doesn't look like it will work.

Can somebody give me a clear definition as to what exactly the blue and red lines represent and how I might go about calculating them in a real time basis? Looking at the code this is probably a harder question than it looks.
  • #262
  • Jan 21, 2007 7:28pm Jan 21, 2007 7:28pm
Quoting Matthew
I too am trying to put an EA together for the Bat. My sticky point right now is setting a variable equal to the blue and red lines. Sorry cutting and pasting the Bat indicator doesn't look like it will work.

Can somebody give me a clear definition as to what exactly the blue and red lines represent and how I might go about calculating them in a real time basis? Looking at the code this is probably a harder question than it looks.
Take a look at the 'iCustom' function in the MT4 Editor help file.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #263
  • Jan 21, 2007 8:03pm Jan 21, 2007 8:03pm
Hi Everyone,

We are attaching backtest results of GBPJPY, another currency we are trading live with BAT. We are again using "2 lots for trade #1" version to cover 6 pips spread, so end result becomes;

+4873 + 3246 - (308 * 6) = 6,271 pips in 2006.

So, total of 13,649 pips (7,378 pips for GBPUSD (5 lots version) and 6,271 pips for GBPJPY) in 2006 by trading the BAT.
Attached File(s)
File Type: zip BAT-GBPJPY-2006.zip   19 KB | 1,150 downloads
  • #264
  • Jan 21, 2007 8:46pm Jan 21, 2007 8:46pm
Are the indicator settings 5 and 4 as with the GRP?
  • #265
  • Jan 21, 2007 8:58pm Jan 21, 2007 8:58pm
Hi again,

This isn't a major improvement that you are looking for, but it will improve the system nonetheless. here is the current system:

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

Here is my suggestion:

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

1 of the 3 lots for trade #1 should be limited to 7-8 pips. This will help hedge against short runs that never allow for any profit. I have eyed the last six months and it appears that this will increase the monthly profit.
  • #266
  • Jan 21, 2007 11:25pm Jan 21, 2007 11:25pm
Quoting luxinterior
Take a look at the 'iCustom' function in the MT4 Editor help file.

Lux
Yup, that works. Thanks Lux
  • #267
  • Jan 21, 2007 11:28pm Jan 21, 2007 11:28pm
Yes, we use the same settings as with the GBPUSD.

Quoting Matthew
Are the indicator settings 5 and 4 as with the GRP?
  • #268
  • Jan 21, 2007 11:38pm Jan 21, 2007 11:38pm
There are a few alternatives to choose from. Your suggestion is also valid, so anyone can modify the number of lots traded or profit taking level for trade #1 depending on risk profile.

Thank you for your suggestion.


Quoting christian2615
Hi again,

This isn't a major improvement that you are looking for, but it will improve the system nonetheless. here is the current system:

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

Here is my suggestion:

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

1 of the 3 lots for trade #1 should be limited to 7-8 pips. This will help hedge against short runs that never allow for any profit. I have eyed the last six months and it appears that this will increase the monthly profit.
  • #269
  • Jan 22, 2007 4:56am Jan 22, 2007 4:56am
Team Aphid

Is the system document still standing as originally posted or have there been any official changes to it as a result of the discussions in this thread which have been substantiated by your tests?
Regards
  • #270
  • Jan 22, 2007 5:23am Jan 22, 2007 5:23am
Yes, the system document is in original form and there is no official changes.
We only made a variation (trading 2 lots for trade #1), but we explained this option during discussions, but did not add this to original document as it totally depends on risk profile of traders.

Quoting howard
Team Aphid

Is the system document still standing as originally posted or have there been any official changes to it as a result of the discussions in this thread which have been substantiated by your tests?
  • #271
  • Jan 22, 2007 7:13am Jan 22, 2007 7:13am
Please check out current GBPJPY trade. Long position taken on Jan 11th, 2007 @ 231.70 and still holding. Current Stop level is @ 239.16 with 746 pips profit and still trailing.

That's what trend trading is all about.
  • #272
  • Jan 22, 2007 7:45am Jan 22, 2007 7:45am
has anyone put together this indicator for the Visual Trader platform? Would anyone be able to do that?
I loaded the MetaTrader BAT indicator and am thrilled with it but would love to have it on the VT charts also.
Thanks,
Fibofan
  • #273
  • Jan 22, 2007 8:24am Jan 22, 2007 8:24am
Hi TA,
Thanks for sharing this great system with us! Have you ever tested it on the EUR/USD? what are the other pairs you tried it on?
Thanks
Anthony
  • #274
  • Jan 22, 2007 9:25am Jan 22, 2007 9:25am
Just to confirm on GBPUSD. We are lowering the stop loss and the next orders buy stop since this weeks open due to the top line moving down?
  • #275
  • Jan 22, 2007 9:39am Jan 22, 2007 9:39am
Quoting nvwine
Just to confirm on GBPUSD. We are lowering the stop loss and the next orders buy stop since this weeks open due to the top line moving down?
that's what I've done yes
  • #276
  • Jan 22, 2007 10:09am Jan 22, 2007 10:09am
well out of the short trade now, going long now but can anyone tell me where to put the swing line. 1.9690 or 1.9635? thanks
  • #277
  • Jan 22, 2007 10:16am Jan 22, 2007 10:16am
or 1.9715, Which is more important 'Recent' or 'Significant'?
  • #278
  • Jan 22, 2007 10:28am Jan 22, 2007 10:28am

Thank you Team Aphid
I would like to know the formula of BAT ATR indicator..An explanation, so I can translate it for other softwares that I use.

Thanks again

Canados

  • #279
  • Jan 22, 2007 11:08am Jan 22, 2007 11:08am
I have my swing low at 1.9693 which is the lowest low following the previous swing high.
Regards
  • #280
  • Edited 3:22pm Jan 22, 2007 3:20pm | Edited 3:22pm
Quoting anthony500
well out of the short trade now, going long now but can anyone tell me where to put the swing line. 1.9690 or 1.9635? thanks
I have mine at 1.9635.

BTW, in my backtesting of this strategy, 2005 was pretty poor while '04 and '06 were pretty decent. Here are my results:

2004: 5818 pips
2005: 1100 pips
2006: 5355 pips
2007: 1239 pips

edit: This is with the "5 lot version" also. Dunno where TA got that extra 2000 pips in '06...
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