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The Bat...a strategy by Team Aphid

  • #401
  • Feb 8, 2007 4:03am Feb 8, 2007 4:03am
Hi Team Aphid,
thanks for the above explanation. I did not read the section on the range trade properly. But that all makes sense now.

Once you have entered the 5 trades, do you take your profit as per the Full Monty procedure?
  • #402
  • Feb 8, 2007 4:06am Feb 8, 2007 4:06am
The exit for 3 lots is at 100% level (range trading) and the exit for remaining 2 lots is when the price hits opposite BAT line.


Quoting Eckbert
Hi Team Aphid,
thanks for the above explanation. I did not read the section on the range trade properly. But that all makes sense now.

Once you have entered the 5 trades, do you take your profit as per the Full Monty procedure?
  • #403
  • Feb 8, 2007 1:43pm Feb 8, 2007 1:43pm
Quoting TeamAphid
2- 61.8% retracement level for SL is too close, especially for volatile pairs, therefore it adversely affects win/loss ratio of the system.

3- As it was indicated before, 60% of profits are generated from Trade #1, therefore exit levels are too close, as well (difference between total pips proves this).
Most of this conversation was beyond the paygrade of a newstrader, but if I understand it correctly, then a 61.8 SL during Thursday's BOE announcement would have left....oh approximately 100 pips on the table?

BAT was right on the money; on several occasions now it added a different dimension to newstrading as it suggests the potential direction. Depending on the trader's risk tolerance, one can enter well before the announcement and truly maximize profits.
  • #404
  • Feb 8, 2007 5:49pm Feb 8, 2007 5:49pm
hi Team Aphid,

thank you so much for your great method and outstanding support.
I read that you're trading GBPJPY and GBPUSD with BAT. If I traded BAT live which currencies do you recommend (w/ priorities).

PS: I try to keep pace with all the new posts but if I missed a posts which would be the answer to my question please tell me
  • #405
  • Feb 8, 2007 7:26pm Feb 8, 2007 7:26pm
We are trading EURAUD as well, but some brokers offer this currency with a very wide spread. Therefore, if you have a limitation, give priority to GBPUSD and then GBPJPY. Although they have similar winning ratios, GBPUSD generated more pips and you will also have spread advantage. If you can trade both, you will be trading USDJPY synthetically as well.



Quoting tradeigel
hi Team Aphid,

thank you so much for your great method and outstanding support.
I read that you're trading GBPJPY and GBPUSD with BAT. If I traded BAT live which currencies do you recommend (w/ priorities).

PS: I try to keep pace with all the new posts but if I missed a posts which would be the answer to my question please tell me
  • #406
  • Feb 9, 2007 3:27am Feb 9, 2007 3:27am
Hi TA:

Just wanted to compare notes on the current GBPJPY trade. As you can see on the chart below, there was a nasty little spike up which triggered a long, followed by a major spike down which triggered the long @ 61.8, and (would have even triggered the long at 38.2 - but I had not yet placed the limit order), and finally broke the SAR @ 236.81. We are now short with limit orders in place to short at the 61.8 and 38.2.

Just wanted to double check to see if we're on the same page...

All the best,

Michael
Attached Image
Michael fxgorilla
  • #407
  • Feb 9, 2007 3:39am Feb 9, 2007 3:39am
yeah, thats what i have as well, not looking too healthy at min is it!
Its gonna happen, it will happen.....i know!
  • #408
  • Feb 9, 2007 5:44am Feb 9, 2007 5:44am
Due to sudden drop on GBPJPY just after triggering long trade at 06:00 bar, indicator could not put blue BAT line (because the indicator puts opposite BAT line after the close of next bar), and the stop for long trade was at 236.93 -10 pips = 236.83

Since we did not see blue BAT line, you can use 236.83 level as SAR. And then red BAT line appeared at 09:00 bar.

As a result, we are on the same page.



Quoting fxgorilla
Hi TA:

Just wanted to compare notes on the current GBPJPY trade. As you can see on the chart below, there was a nasty little spike up which triggered a long, followed by a major spike down which triggered the long @ 61.8, and (would have even triggered the long at 38.2 - but I had not yet placed the limit order), and finally broke the SAR @ 236.81. We are now short with limit orders in place to short at the 61.8 and 38.2.

Just wanted to double check to see if we're on the same page...

All the best,

Michael
  • #409
  • Feb 13, 2007 4:40pm Feb 13, 2007 4:40pm
I want to lighten up a bit, eventhough I haven't tested fully, here is my proposed filter :

About Entry

1. EMA55(Median, not close price), if it is against the signal from BAT line, do not take trade, if it is flat or confirm the direction of the signal, do take the trade

2. Wait a bar after "touching bar" (bar that make BAT line switch to the other BAT line), if it can break the high (long example) of "touching bar" then, take the trade

About Exit
1. take partial profit when EMA55 flat for 2-3 bars

These may be curve fitting, but combine with simple resistance/support would be a wonderful system, just my feeling, not yet get some facts.
  • #410
  • Feb 14, 2007 1:17am Feb 14, 2007 1:17am
Hello all! I Address to the author of the indicator. (look on attached Screen short).
Yesterday on February, 13th, 2007, traded GBP/USD (H1) (in the indicator of installation 5 and 4 as in the description to the indicator) and has seen not drawing of a dark blue line after the schedule of the price has crossed red line BAT. Has checked up this indicator on other terminals MT4, the same, has not drawn a dark blue line after the red line has been crossed. What does it mean? (I have changed data on 5 and 3, and there was a piece of a dark blue line).

Wait answer from author BAT ATR v.1
Attached Image
  • #411
  • Feb 14, 2007 2:10am Feb 14, 2007 2:10am
my meta trader looks exactly the same as well, no blue line drawn.
i have just gone long again on cable for the third time after two losses, hopefully this is the breakout
Attached Image
Its gonna happen, it will happen.....i know!
  • #412
  • Feb 14, 2007 2:28am Feb 14, 2007 2:28am
Please use Alpari server. We see the blue BAT line, please see the chart below.



Quoting Anderwill
Hello all! I Address to the author of the indicator. (look on attached Screen short).
Yesterday on February, 13th, 2007, traded GBP/USD (H1) (in the indicator of installation 5 and 4 as in the description to the indicator) and has seen not drawing of a dark blue line after the schedule of the price has crossed red line BAT. Has checked up this indicator on other terminals MT4, the same, has not drawn a dark blue line after the red line has been crossed. What does it mean? (I have changed data on 5 and 3, and there was a piece of a dark blue line).

Wait answer from author BAT ATR v.1
Attached Image
  • #413
  • Feb 14, 2007 2:29am Feb 14, 2007 2:29am
Please see post #412.


Quoting rockrat
my meta trader looks exactly the same as well, no blue line drawn.
i have just gone long again on cable for the third time after two losses, hopefully this is the breakout
  • #414
  • Feb 14, 2007 2:43am Feb 14, 2007 2:43am
thanks for the prompt reply
Its gonna happen, it will happen.....i know!
  • #415
  • Feb 14, 2007 2:57am Feb 14, 2007 2:57am
Quoting rockrat
my meta trader looks exactly the same as well, no blue line drawn.
i have just gone long again on cable for the third time after two losses, hopefully this is the breakout
I think that the indicator should be corrected by the author. In any case of trade the dark blue line should be drawn even by the shortest piece. Otherwise (on February, 13th, 2007 GBP/USD) we lose a basic level of orientation in the tenders.
  • #416
  • Feb 14, 2007 3:13am Feb 14, 2007 3:13am
Quoting TeamAphid
Please use Alpari server. We see the blue BAT line, please see the chart below.
Thanks! Give me please url adress Alpari server and I'm must take from Alpari client Meta Trader 4 ???
  • #417
  • Feb 14, 2007 4:02am Feb 14, 2007 4:02am
I have lead experiment and have found out, that for majority MT4 of platforms, in indicator BAT ATR, parameters are comprehensible: 1) 3 and 2 false or true; 2) 5 and 3,4 false or 5 and 3.7 false. The principle of work of the indicator will not change. Blue or Red line draw
  • #418
  • Feb 14, 2007 4:04am Feb 14, 2007 4:04am
http://www.alpari-idc.ru/

Quoting Anderwill
Thanks! Give me please url adress Alpari server and I'm must take from Alpari client Meta Trader 4 ???
  • #419
  • Feb 14, 2007 4:11am Feb 14, 2007 4:11am
Quoting TeamAphid
http://www.alpari-idc.ru/
Thanks!
  • #420
  • Feb 14, 2007 4:12am Feb 14, 2007 4:12am
We have tested this system on Alpari server (you can change every parameter as you wish) and still using it with no hassle at all in our trading decisions. We don't know about other MT4 platforms regarding BAT system. Thanks for your feedback.


Quoting Anderwill
I have lead experiment and have found out, that for majority MT4 of platforms, in indicator BAT ATR, parameters are comprehensible: 1) 3 and 2 false or true; 2) 5 and 3,4 false or 5 and 3.7 false. The principle of work of the indicator will not change. Blue or Red line draw
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