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Attachments: The Bat...a strategy by Team Aphid
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The Bat...a strategy by Team Aphid

  • #421
  • Feb 14, 2007 6:37am Feb 14, 2007 6:37am
I'm thinking along the same lines as you for a filter.I have a 72EMA on my chart .If trade is against the trend, I'm waiting for price to close 10 pips past the Bat line and then waiting for price to move past this closing price on the next candle. This seems to eliminate a lot of bad trades if you go back and look at 2006.Teamaphid, could you help me decide if my filter would produce better results? Thanks
  • #422
  • Feb 14, 2007 6:58am Feb 14, 2007 6:58am
It may eliminate some bad trades, but due to lagging nature of moving averages, until you get information in regard to trend direction, you will enter the winning trades late which will cost many pips. Look at one of the recent winning trades on GBPUSD, the one short @ 1.9709 on January 3rd, 2007, at 08:00hr (Alpari server time). If you use 72 EMA to filter, your entry would be at 12:00hr from 1.9594, 115 pips difference due to lagging nature of EMA.

Therefore, you need to do a proper testing to see if eliminating bad trades compensates the late entry cost and your filter produces better results.



Quoting Toothman
I'm thinking along the same lines as you for a filter.I have a 72EMA on my chart .If trade is against the trend, I'm waiting for price to close 10 pips past the Bat line and then waiting for price to move past this closing price on the next candle. This seems to eliminate a lot of bad trades if you go back and look at 2006.Teamaphid, could you help me decide if my filter would produce better results? Thanks
  • #423
  • Feb 14, 2007 7:50am Feb 14, 2007 7:50am
Team!
What to me is better for choosing traling stop at tenders GBP/USD? What traling stop you specify at tenders GBP/USD for BAT ATR?
  • #424
  • Feb 14, 2007 10:20am Feb 14, 2007 10:20am
Here's a simple EA I wrote that will handle moving SL's and closing pending orders for the BAT strategy.

Simply place your order as normal, set your pending orders and activate this EA.

It will move the SL's according to the ATR lines and also close pending orders once the ATR line has gone above/below the order.

Saves a lot of time and lets you get some sleep

Lux
Attached File(s)
File Type: mq4 BatEA.mq4   4 KB | 701 downloads
MT4 EA, Indicator and Alert Coder Since 2006
  • #425
  • Feb 14, 2007 9:52pm Feb 14, 2007 9:52pm
Sorry to be asking this here but I am sure someone knows and would be willing to help. If I wanted to paste a screen shot to my message here to share what I am experiencing on my own platform. How do you get a screen shot of just the screen I am looking at? Whenever I prntscrn and paste in paint it pastes all of the screens on my system and not just the one I am wanting of my mt4 platform to include in this message. I only need to ask once.
  • #426
  • Feb 15, 2007 1:04am Feb 15, 2007 1:04am
What do you mean by tenders? If you are asking what kind of stop loss we are using for this system, we can say only BAT lines, blue for long trades and red for short trades.


Quoting Anderwill
Team!
What to me is better for choosing traling stop at tenders GBP/USD? What traling stop you specify at tenders GBP/USD for BAT ATR?
  • #427
  • Feb 15, 2007 1:13am Feb 15, 2007 1:13am
Right click anywhere on your chart on mt4 platform, and click on "Save as picture". Then select "Active Chart" (last option) 600 x 600 pixels and then click OK. Then after you write your message in Forex Factory message writing screen, scroll down and there is a section below "Additional Options". Click on Manage Attachments and upload your chart from the directory you saved it. Close popup window and send your message.


Quoting cncsm
Sorry to be asking this here but I am sure someone knows and would be willing to help. If I wanted to paste a screen shot to my message here to share what I am experiencing on my own platform. How do you get a screen shot of just the screen I am looking at? Whenever I prntscrn and paste in paint it pastes all of the screens on my system and not just the one I am wanting of my mt4 platform to include in this message. I only need to ask once.
  • #428
  • Feb 15, 2007 1:30am Feb 15, 2007 1:30am
Quoting TeamAphid
What do you mean by tenders? If you are asking what kind of stop loss we are using for this system, we can say only BAT lines, blue for long trades and red for short trades.
Excuse me for my bad English speech. I badly speak on English.
I have understood so, what you are guided only by crossing of lines BAT and on these signals of crossing put stop loss?
  • #429
  • Feb 15, 2007 2:19am Feb 15, 2007 2:19am
Quoting Anderwill
Excuse me for my bad English speech. I badly speak on English.
I have understood so, what you are guided only by crossing of lines BAT and on these signals of crossing put stop loss?
That is OK with your English...you are trying and this is good.
We use the BAT line as a stop loss once the trade is in progress.
The initial or starting stop loss at the begining of a trade is different and it is explained in the PDF, it is 10 pips below or above the swing.
Does this make it clear for you?
See the chart...the current stop loss is placed 9603.
(Sorry I do not have the fib lines drawn as I am testing something.)
Attached Image
  • #430
  • Feb 15, 2007 2:36am Feb 15, 2007 2:36am
Quoting TeamAphid
That is OK with your English...you are trying and this is good.
We use the BAT line as a stop loss once the trade is in progress.
The initial or starting stop loss at the begining of a trade is different and it is explained in the PDF, it is 10 pips below or above the swing.
Does this make it clear for you?
See the chart...the current stop loss is placed 9603.
(Sorry I do not have the fib lines drawn as I am testing something.)

Do You can after the schedule resulted by you how on an example, to draw where there should be an input, what such these 10 pips what stop loss should be initial how stop loss moves in relation to the price or it moves equally dark blue line BAT?
And in what situation it is necessary to close order?
May be you in Russian speak?
  • #431
  • Feb 15, 2007 2:49am Feb 15, 2007 2:49am
Question to users of server Alpari:
On this server it is authorized to apply trading experts at trade on the real account?
  • #432
  • Feb 15, 2007 3:08am Feb 15, 2007 3:08am
The answers to all of your questions are within the pdf document including detailed sample charts. Please read it. Sorry, nobody in the team speaks Russian.


Quoting Anderwill
Do You can after the schedule resulted by you how on an example, to draw where there should be an input, what such these 10 pips what stop loss should be initial how stop loss moves in relation to the price or it moves equally dark blue line BAT?
And in what situation it is necessary to close order?
May be you in Russian speak?
  • #433
  • Feb 15, 2007 3:16am Feb 15, 2007 3:16am
Quoting TeamAphid
The answers to all of your questions are within the pdf document including detailed sample charts. Please read it. Sorry, nobody in the team speaks Russian.
Thanks Team!
  • #434
  • Feb 15, 2007 3:31am Feb 15, 2007 3:31am
Quoting luxinterior
Here's a simple EA I wrote that will handle moving SL's and closing pending orders for the BAT strategy.

Simply place your order as normal, set your pending orders and activate this EA.

It will move the SL's according to the ATR lines and also close pending orders once the ATR line has gone above/below the order.

Saves a lot of time and lets you get some sleep

Lux
Thanks!
Very good and convenient expert.
  • #435
  • Feb 15, 2007 3:40am Feb 15, 2007 3:40am
[quote=TeamAphid;218499]

In PDF you write as to do an input (on lines Fibo a level 1 = Enter 1 lot) in the market. Precisely to speak, if the schedule of the price has crossed (in time-frames H1) for example, red line BAT on 3-4 pips can be opened that order. But! There are moments when bar has crossed a red line, and next hour has returned back and in general has gone to the opposite party, below a level 1 = Enter 1 lot. How to be insured in that case? What input in the market should be the most correct?
  • #436
  • Feb 15, 2007 3:52am Feb 15, 2007 3:52am
Can you please explain what you mean on a sample chart? We haven't understood your question.


[quote=Anderwill;218538]
Quoting TeamAphid

In PDF you write as to do an input (on lines Fibo a level 1 = Enter 1 lot) in the market. Precisely to speak, if the schedule of the price has crossed (in time-frames H1) for example, red line BAT on 3-4 pips can be opened that order. But! There are moments when bar has crossed a red line, and next hour has returned back and in general has gone to the opposite party, below a level 1 = Enter 1 lot. How to be insured in that case? What input in the market should be the most correct?
  • #437
  • Feb 15, 2007 4:01am Feb 15, 2007 4:01am
[quote=TeamAphid;218555]Can you please explain what you mean on a sample chart? We haven't understood your question.
Attached Image
  • #438
  • Feb 15, 2007 4:28am Feb 15, 2007 4:28am
Yes, price hit the red BAT line and you opened a long position with 1 lot. Then if price retraces as in your case, you are going to take 1 more lot at 61.8 fib. level and if price continues its retracement, you will open 2 more long positions at 38.2 fib.level and if price hits opposite blue BAT line, you'll exit all open positions and reverse your position by being 1 lot short this time.

There is no assurance that price will not retrace and if you are asking a filter for bad trades, this is the reason we are sharing this system with valuable members of FF, all of us are looking for a better exit signal to improve profitability.


[quote=Anderwill;218569]
Quoting TeamAphid
Can you please explain what you mean on a sample chart? We haven't understood your question.
  • #439
  • Feb 15, 2007 4:33am Feb 15, 2007 4:33am
[quote=TeamAphid;218596]Yes, price hit the red BAT line and you opened a long position with 1 lot. Then if price retraces as in your case, you are going to take 1 more lot at 61.8 fib. level and if price continues its retracement, you will open 2 more long positions at 38.2 fib.level and if price hits opposite blue BAT line, you'll exit all open positions and reverse your position by being 1 lot short this time.

There is no assurance that price will not retrace and if you are asking a filter for bad trades, this is the reason we are sharing this system with valuable members of FF, all of us are looking for a better exit signal to improve profitability.

Understand! Thanks Team!
  • #440
  • Feb 16, 2007 7:02am Feb 16, 2007 7:02am
I would like to share my simple filter to avoid bad signal with this BAT strategy that I found very lucrative (thanks again to the teame).

The simple indicator that I'm using so succefully with all pairs (usualy €$, £$, $JPY, £JPY, $CHF ) is the GMMA (Guppy Multiple Moving Average)well know by many FF members becouse many 3d have been writen and readen on it.

For take profit I use, with the right weight of experience, the multiple RSI with add-on MA.

Up to now it fail only yesterday with Cable because the new (and becouse of that I was out of trade); I mean that according to GMMA the yesterday short signal was false but the news push the price against the BAT line.
Of course this are discretionary sistem and signal are coming with expierience and not with dot light open and, of course, this is my view and opinion.



I hope this can help


Laoma
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