The BAT Method - The EA

Please find attached my first version of the EA for the BAT Method.

This is a canonical version. No, that has nothing to do with war. It means, that it observes the actual rules slaveishly, not offering anything to play with. It shall serve for back- and fronttesting.

As you can see I publish it only in compiled form. Fear not, that I shall try to suddenly sell the canonical EA. The method used is intellectual property of TeamAlphid and I have a job which pays my bills already. My main reason for doing that, is that I had some annoying experiences (people messing up my code and publishing it, people selling my EA without my approval, people Complaining that my EA that someone else sold them without my approval does not bring the promised BIG BUCKS etc. etc.).

Since there are not many features there is not much to explain. You can change the Lotsize and the Slippage. That is it.When you backtest and especially if you want to compare your results, with these discussed in the main thread, make sure that you have the Alpari data and 90% modelquality.

I should mention, that the EA does not rely on the BAT Indicator. I have put it in a function, which imitates the indicator, to speed up backtesting (factor ~ 10) and lower the systemload when actually running the EA (fronttesting).

There is one issue everyone, who wants to use this EA should know about. The banal expression "recent or significant low(high)" is laden with problems for a EA. The trained human eye is much more fit to find this low/high, then a robot. Now, being a fan of DeMark this should be done by fractals. After some backtesting I found the best is to look for the most recent 2nd level fractal (I tried 1st to 3rd level and the max out of 1-3 fractals, but the aforementioned seems the best). You might nevertheless sometimes disagree with the EA.


Post 55 for BAT EA v1.3 10 Feb 07

The canonical version is not all I wanted to accomplish:

Again I find that using the BAT is one of the best entry signals I have found (maybe besides the Fozzy Method). Now the canonical maintenance and exits of the trades are not bad, but I think they can be improved.

I have programmed a EA which lets you open up to 10 different trades with configurable Entries, Stops, TakeProfits and Exit Methods. All these are based on the standard, that means they are in a % relation to the open trade The Entries can be above (Stoporder) or below (Limitorder) the original market order.

The BAT Stopline as single exit (no TakeProfits, Trailingstop) is as well foreseen.

I experimented already a bit with a very early beta and I can tell you that this might exploit a nice potential.

I am not yet ready to publish that EA .
1. It is still buggy
2. I fear a negative impact on the dynamic of the original thread, if we start he to already deviated of the canonical version before having fully exploited it.That would be a shame.

fuki,

thanks for the EA, I want to offer some suggestions:
1. Lots var, can you make it as double, I am using micro account demo
2. can you create object Fibo Ret Line with %$ as accrete mentioned, prefereably unique name, so we still can see the old fibo lines
3. Swing point, can we override with manual price or hard pips

It has been my pleasure to follow the bat method and this EA, hope the best we can make it.

hey fukinagashi,

thank you so much. It's so great that this time I didn't have to do the work on my own - as I would have coded the EA, too. However, you started it and I am very grateful. Keep up the good work.
I'll will forward test the EA, now...we'll see how it works
BTW, why didn't you post the sources? Since I am a programer, too I really like to have the sources to see how it works or how you made it work. So please post the sources, too or send them to me by mail.

wow..I just saw the results of forwardTesting BAT (Demo-MIGFX):
it's 7-0 WOW! EURCHF was a full Monty trade - big money . USDCHF was a 2-trade and EURJPY, too. USDJPY is only one position, two are pending.
The two floats are +58 and +34 pips!
Thank's for coding this.

That was a mistake to put Lots as Integer. I'll switch that to double (with comma) tonight.

Sure, good idea! All lines or just some specific? Which ones preferably?

I have not the slightest idea what you want to say there ... Maybe you can be a bit more explicit here? Thanks in advance!

I will post tonight the actual manual for the future version (2.X) , showing it's features, which will be like a rfc (request for comments document).

I hope to accomplish through this to minimze the need for changes or maximize the impact of your suggestions.

The rfc-paper will be up until saturday evening and about monday you should find the version 2 with the suggested features here in this thread.

Thank you in advance for your constructive cooperation!

fukinagashi,

Thanks for coding this EA! What is the logic for taking profit? Long cable trade was closed today at 1.9661 - don't know why.

Thanks!
Den

fukinagashi

Thanks for the EA, very much appreciated. I attached it to about a dozen pairs and its working on some but not on others.

USDCHF and EURGBP opened orders but GBPUSD, GBPJPY and CHFJPY did not open orders.

I attached the BAT ATR V1 indicator to the charts just to check how everything was working and I used the defaults suggested by Team Aphid, ATRPeriod 5 and Factor 4. According to my chart:
GBPUSD crossed down thru the Bat at 1.9588
GBPJPY crossed down thru the Bat at 238.06 and
CHFJPY crossed down thru the Bat at 96.85

What defaults are you using for the Bat indicator (embedded in the EA as a function)?

We all agree about the great quality of the BAT ATR entry and some might
feel like me, that it would be nice to increase the potential of this
method, by choosing a different strategy to enter / maintain / exit the
trades.

To give you a maximum freedom (especially independent of you programming
skills) I thought up the folloing system.

The EA does offer up to 9 different trades, where the entires / stops /
exits can be modified quite freely. To explain how this works, let me go
back to the base of the actual system.

Once one of the BAT ATR Line is broken, we find the next recent or
significant low/high and draw a Fib Retracement with 0 % at the low/high
and 100% at the break of the line. The trades of the official method are
the following:


Imagine now we could trade up to 9 different trades with varialble Entries
and Exits

etc.

I think you get the point.

Thats what Version 2.X will offer.

You can put Entries, Stops and Exits in Percentage (even negative if you
want). The system will take itself if it needs to mak a Market Order, a
Stoporder or a Limitorder.

Special Rules:

1. Trade 1 must enter as Marketorder at the time of the breach of the BAT ATR line.
2. Since you don't want to leave the pending orders open until eternity, they can be made depended on the Trade 1. The parameter Trade1WillClose influences the behaviour. It has 3 values:
   0 - Do Nothing
   1 - Close all pending orders (Default)
   2 - Close all orders
3. If you put the Exit to 0, the Trade will only be closed by the (Trailing)
   Stoploss.

OK, why do I give you the draft of the "manual", but not the EA?

So that you can comment on actual features and request eventual additional features.

I will take all suggestions until saturday evening, evaluate them and
implement the ones which make sense and are doable and publish the 2.X
probably on monday.

That is if my snowboarding that weekend does not have a too detrimental
effect on my ability to programm (broken arms/hands, koma, etc.)

yeah. thank you a lot! I am using the EA right now, and it's already quite profitable it's just a good system...

Thanks for all the work putting together the EA Fuki. I'm really diving into this strategy and learning a lot from your feedback as well as all the others in the main thread.

I'd like to express my appreciation for creating this EA and sharing it. My one request at the moment would be to have the option in V.2 for "move stop loss to breakeven after X number of pips". Thanks again.

fukinagashi,
Can the lot size be changed to .01 to trade it on a mini account? Thank you for sharing the EA.

You can do that. The parameter "Lots" is double and allows all variables with or without comma. So 0.01 is no problem.

When I try to change the lot size to .01 it won't let me use a decimal point and goes back to 1 when I click OK. One other question, ( thanks for your patience) will the EA kick in if the price passes by a Bat line or does price have to actually touch the line? For example this morning the EUR/USD didn't trade at 10:00 on the MT4 platform when the price passed by but didn't touch the line.Thanks again.

Mine does the same thing as Toothman ie. when I try to change 1 to .1 or to .01 it goes back to 1 when I click ok. Thanks for any help on the lots change.

I also would like to change the lots to 0.1 or 0.01, but it won't let me type in the dot...

Could you add a [3% risk] money management to the EA and so that it only opens orders according to how much is in the account? I would like to only risk 3% at any time. Maybe you could have 2 versions ... one with it and one without? Thanks! Thank you so much ..... for making available this EA for us!

Could you please tell me what defaults you are using for the Bat indicator. I have the EA running on 1 account and I am manually trading the Bat manually on another account. I'm finding that the trades on the 2 accounts are very different.