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The Bat...a strategy by Team Aphid

  • #281
  • Jan 22, 2007 5:19pm Jan 22, 2007 5:19pm
Yes, we have tested it on EURUSD and other currencies as well. We are trading more profitable systems on EURUSD and other currencies, but according to our test results, you can backtest USDCHF, USDCAD and EURAUD (this is another currency we trade live with BAT, it has similar test results as in GBPJPY with a better winning ratio) as they are more profitable compared to others.

Quoting anthony500
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
  • #282
  • Jan 22, 2007 5:26pm Jan 22, 2007 5:26pm
We have informed our programmer regarding your request. But if you know meta language, you can find it out by clicking on "Modify" and entering MetaEditor.

Thank you.

Quoting canados

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

  • #283
  • Jan 22, 2007 5:31pm Jan 22, 2007 5:31pm
Please see Post #173, you can see the backtest results and find out how we got our results.


Quoting sm31
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...
  • #284
  • Jan 22, 2007 6:09pm Jan 22, 2007 6:09pm
Quoting TeamAphid
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.
TA
Don't understand your trade here. Shouldn't that trade have been closed out on the 19th at about 239.13 when the price broke thru the ATR?

http://www.pixhost.eu/share/2007-01-23/gbpjpy.gif
  • #285
  • Jan 22, 2007 6:17pm Jan 22, 2007 6:17pm
TeamAphid,

Are there general recommendation for choosing recent swing high/low? For example for current long signal someone would pick 1.9714 or 1.9691 or 1.9635 which could affect results greatly.

Thanks!
Den
  • #286
  • Jan 22, 2007 6:45pm Jan 22, 2007 6:45pm
Barcode,

Are you using Alpari server? You may get a different result with a different server. Our tests and results are based on Alpari server and the chart below shows that the GBPJPY trade is still open.
Attached Image
  • #287
  • Jan 22, 2007 6:58pm Jan 22, 2007 6:58pm
Quoting TeamAphid
Yes, we have tested it on EURUSD and other currencies as well. We are trading more profitable systems on EURUSD and other currencies, but according to our test results, you can backtest USDCHF, USDCAD and EURAUD (this is another currency we trade live with BAT, it has similar test results as in GBPJPY with a better winning ratio) as they are more profitable compared to others.
do we have a chance to learn one day the other systems that you are trading?

Would be great....
  • #288
  • Jan 22, 2007 7:22pm Jan 22, 2007 7:22pm
Our general recommendation is to choose a recent and significant high/low. It also depends on your risk profile. If you would like to give trade more room, then you can choose a significant lower low/higher high or vice versa. For the current trade, our swing low is @ 1.9715.

By examining the test results, you can have a better idea about how we choose swing low/high.



Quoting denonline
TeamAphid,

Are there general recommendation for choosing recent swing high/low? For example for current long signal someone would pick 1.9714 or 1.9691 or 1.9635 which could affect results greatly.

Thanks!
Den
  • #289
  • Jan 22, 2007 7:25pm Jan 22, 2007 7:25pm
We haven't decided yet, but when we do, Forex Factory will be the place.


Quoting emeric33
do we have a chance to learn one day the other systems that you are trading?

Would be great....
  • #290
  • Jan 22, 2007 7:49pm Jan 22, 2007 7:49pm
TA, how does EURAUD look? Also, have you backtested this on GBPCHF?
Mr. Trend
  • #291
  • Jan 22, 2007 8:29pm Jan 22, 2007 8:29pm
We'll post test results for EURAUD later, but its winning ratio is around 57%. We haven't tested GBPCHF.

Quoting Mr Trend
TA, how does EURAUD look? Also, have you backtested this on GBPCHF?
  • #292
  • Jan 22, 2007 9:14pm Jan 22, 2007 9:14pm
As the bottom line moves up above the zero fib level at what point do you cancel the limit buy orders at the 38.2 and 61.8 levels? Is there a rule or recommended level or just common sense?
  • #293
  • Jan 22, 2007 9:32pm Jan 22, 2007 9:32pm
Quoting nvwine
As the bottom line moves up above the zero fib level at what point do you cancel the limit buy orders at the 38.2 and 61.8 levels? Is there a rule or recommended level or just common sense?
In the pdf it said that the pending orders were cancelled once price hit the 161.8 level.
Cheers
  • #294
  • Jan 22, 2007 9:59pm Jan 22, 2007 9:59pm
Quoting Antra
In the pdf it said that the pending orders were cancelled once price hit the 161.8 level.
Cheers
Thanks,
But what if price has not hit the 161.8 level. My example would be GBPUSD at the moment. The original 61.8 trade opened and took profit already. I canceled the 38.2 trades because of the rising bottom line. I was wondering if there were rules concerning the 38.2 cancellation and a re-entry or cancellation of the limit buy at the 61.8 level.
  • #295
  • Jan 22, 2007 10:18pm Jan 22, 2007 10:18pm
If price does not hit 161.8 level, then you can have multiple trades at 61.8 and 38.2 levels. For current GBPUSD trade, for example, the price did not hit 161.8 level, therefore put another limit buy order at 61.8 fib level. 38.2 level is too close to blue BAT line, so you can cancel that trade.

If price hits 161.8 level, then you need to cancel 61.8 and 38.2 trades. This is rule no.1 for cancellations. And if, let's say blue BAT line rises above 38.2 level, then you will cancel 38.2 trade and if blue BAT line rises above 61.8 level, then you will cancel 61.8 trade, too, as blue BAT line is the trigger level for short trade. This is rule no.2 for cancellations.


Quoting nvwine
Thanks,
But what if price has not hit the 161.8 level. My example would be GBPUSD at the moment. The original 61.8 trade opened and took profit already. I canceled the 38.2 trades because of the rising bottom line. I was wondering if there were rules concerning the 38.2 cancellation and a re-entry or cancellation of the limit buy at the 61.8 level.
  • #296
  • Edited 11:30pm Jan 22, 2007 10:48pm | Edited 11:30pm
Barcode,

Are your settings right? My chart shows a long blue bat line from the 11th of jan.

Quoting Barcode
TA
Don't understand your trade here. Shouldn't that trade have been closed out on the 19th at about 239.13 when the price broke thru the ATR?
  • #297
  • Jan 22, 2007 11:14pm Jan 22, 2007 11:14pm
Quoting The Wizard of Oz
Barcode,

Are your setting right? My chart shows a long blue bat line from the 11th of jan.
Hey Oz...you looking at the H4 or H1 chart? It's supposed to be H1 according to the pdf.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #298
  • Jan 22, 2007 11:39pm Jan 22, 2007 11:39pm
Barcode,
Your settings on the BAT indicator need to be changed.
ATR period to 5 and Factor to 4. Then you will have a blue BAT line from 11th Jan.
Antra
  • #299
  • Jan 23, 2007 3:17am Jan 23, 2007 3:17am
Quoting TeamAphid
Barcode,

Are you using Alpari server? You may get a different result with a different server. Our tests and results are based on Alpari server and the chart below shows that the GBPJPY trade is still open.
nvwine pm'd me and pointed me to the problem. I didn't change the indicator default figures. Now its identical to yours.

Thanks to The Wiz, Antra and luxinterior for your help.
  • #300
  • Jan 23, 2007 4:16am Jan 23, 2007 4:16am
Quoting sm31
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...

Team Aphid

Could you comment on the above level as swing low, it has taken place before the recent swing high, is it valid?
Regards
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