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The Bat...a strategy by Team Aphid

  • #441
  • Feb 16, 2007 10:21am Feb 16, 2007 10:21am
Hi Team,

First of all thank you for sharing this great system!

Have you came to the conclusion that trading the BAT on other currencies besides the ones you already mentioned is unprofitable?
I ask because backtesting a bit it seems that you can also get a good amount of pips from pairs like EURJPY or GBPCHF
  • #442
  • Feb 16, 2007 10:52am Feb 16, 2007 10:52am
Following my previous post I annex herewith the different view of same pair.

You can see in the first one indicated as "Bat" that the price went upper than line and that was signal to open a position.
The second image show that the time is too early and the price find resistence to grow and it start to retrace.
I' know that it is too early to say, if price retrace we have to buy more at 68 and 38 % and wait until it will go again at the first entrance level and have there the first profit but this will keep open the possibility of false signal (the worst is that you open position at 68 and 38 and than price keep to retrace and go to touch again the opposite BAT line).

In my opinion, to be out of this risky false signals, I will wait better set up with GMMA



Hope that is helpfull for someone and clear too.

Laoma
Attached Images
  • #443
  • Feb 16, 2007 4:45pm Feb 16, 2007 4:45pm
Laoma,

Could you give us more clues about your GMMA and how to analyze it.


Attached Image

This is the previous trade, using break of the "crossing bar" (touch & cross BAT line), and wait for 10 pips from BAT line, which in this case, we open at 1.9540

We also look for EMA55 slope, the oscillator below is magnifier for visual guide, it is the difference between EMA55 current value from previous value, we can see it is both positive (>0) and raising, so it says signal is valid.

Attached Image


This is the current trade (for higher res, look for zip file), we could just ignore our filters and go back to the original system when price action happened before BAT signal. As in this case, break of price channel for the last 17 hours, maybe price wait for something happened, which it proves, and we get our short signal when price breaks our support @9604, so when BAT give us another short signal, it is no longer need our filter.

Hope this helps.
Attached File(s)
File Type: zip gbpusd 2.zip   26 KB | 338 downloads
  • #444
  • Feb 16, 2007 9:10pm Feb 16, 2007 9:10pm
We backtested EURJPY and did not like the results, therefore we are not trading that currency. We also backtested USDCAD, USDJPY and USDCHF and their results are much better than EURJPY, and if you are after modest income, they are tradable, too.


Quoting athorn
Hi Team,

First of all thank you for sharing this great system!

Have you came to the conclusion that trading the BAT on other currencies besides the ones you already mentioned is unprofitable?
I ask because backtesting a bit it seems that you can also get a good amount of pips from pairs like EURJPY or GBPCHF
  • #445
  • Feb 16, 2007 9:18pm Feb 16, 2007 9:18pm
Loama, can you please explain step-by-step how you use GMMA and multiple RSI with add-on MA (together with indicator values) for filtering and taking profits so that we can test your ideas?

Thanks for contributing.



Quoting Laoma
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
  • #446
  • Feb 17, 2007 6:13am Feb 17, 2007 6:13am
Dear traders, Idea BAT Team's it is very perfect for GBP/USD and EUR/USD and I think it is not necessary to invent "bicycles". For example yesterday trade on EUR/USD: I thought that the Dollar can besiege Euro and slide downwards, and dark blue line BAT had to the given tendency, BUT! It has not occured also I it has seen owing to this indicator and lines Fibo, that is I have seen recoil back in favour of rise of Euro. As I have seen it, and is very simple. I needed patience at 2 o'clock and a close review of dynamics of struggle of Euro and Dollar in this time interval. I remember the description of work of the indicator, I look at 2 following bars after crossing a dark blue line. And at last I see not activity of movement downwards the first bar after crossing and return of the second bar back above a dark blue line. All! This signal speaks about impossibility of a short position. It is necessary to wait. But! It is result which insures me against losses. If so it would be desirable to trade nevertheless on small quantity pips then change parameters BAT on 3 and 2 false and trade up to a level 1,618. On such parameters the level 1,618 will be ALWAYS reached.
These conclusions are made of mine Careful supervision.
Thanks for attention.
  • #447
  • Feb 17, 2007 8:54am Feb 17, 2007 8:54am
Hi Team Aphid, I have been playing around with some ideas. My aim is to try and screen your entries so that basically only entries in the direction of the trend are taken. Let us analise the GBP from the 07/02 onwards. From the chart three lower highs were made. I included a long period stochastic of 34 periods. Notice with High 1 the stochastic never left the oversold region while with High 2 & 3 it stopped at the 50 level. With the High 2 a buy signal was given, but what followed was a bearish engulfing candle and the stochastic stalled at 50.

I have also included some simple trendlines. I think that with keeping your charts simple and adding lagging indicators, and being able to interpret what the charts are telling you , your losses can be minimised. The long position from High 2 should have been closed out after the bearish engulfing candle , with a small loss.

Unfortunately we will not know if we have a situation where the trend continues.

I have not looked at a ranging market. But sofar my line of thought is that if we have a trend in place and we are making higher highs or lower lows, is it wise to trade against the trend
Attached Image
  • #448
  • Feb 17, 2007 4:08pm Feb 17, 2007 4:08pm
Team Aphid... i have been trading for just over 2 years. It has been a struggle. Thank you for sharing your method... i have tried so many approaches. i am using nothing but BAT now and this is the first time i have ever been consistently adding to my account. You folks are the greatest!
  • #449
  • Feb 18, 2007 3:47am Feb 18, 2007 3:47am
Quoting Gandolf
Team Aphid... i have been trading for just over 2 years. It has been a struggle. Thank you for sharing your method... i have tried so many approaches. i am using nothing but BAT now and this is the first time i have ever been consistently adding to my account. You folks are the greatest!
I agree this method put my account raising too.:surprised

Thanks for your sharing, please continue to support us.
  • #450
  • Feb 18, 2007 11:48am Feb 18, 2007 11:48am
Quoting TeamAphid
Loama, can you please explain step-by-step how you use GMMA and multiple RSI with add-on MA (together with indicator values) for filtering and taking profits so that we can test your ideas?

Thanks for contributing.
Sorry but I think I'm not intitle to recieve your "thanks" and in the same way I can't explain step by step how to use GMMA and multiple RSI just becouse every things I know is coming 90 % from FF and in this forum you can find all links and answer. My way of trading is just to apply what I understaind from my reading and studing and, I'm sure, yours are well in front of my knowledge.

As shortcut I annex here some documents and link to others topics of FF where you can find discussions about it.

for RSI " http://www.forexfactory.com/showpost...&postcount=787 "

and this for GMMA " http://www.forexfactory.com/showthre...highlight=gmma "


I hope this can help

Laoma
Attached File(s)
File Type: doc Guppy Multiple Moving Average.doc   103 KB | 545 downloads
File Type: doc THE GMMA-Trading The Breakout.doc   93 KB | 509 downloads
File Type: pdf Trend_Determination with RSI.pdf   560 KB | 839 downloads
  • #451
  • Feb 18, 2007 5:56pm Feb 18, 2007 5:56pm
With parameter settings ATR period 3 and Factor 2, you'll get more signals, more whipsaws with less stoploss levels, but if you are after small gains like 161.8, then you are right, it is more reachable with these settings. Therefore, you can use BAT system for scalping, range trading and trend trading purposes with appropriate risk management measures.



Quoting Anderwill
Dear traders, Idea BAT Team's it is very perfect for GBP/USD and EUR/USD and I think it is not necessary to invent "bicycles". For example yesterday trade on EUR/USD: I thought that the Dollar can besiege Euro and slide downwards, and dark blue line BAT had to the given tendency, BUT! It has not occured also I it has seen owing to this indicator and lines Fibo, that is I have seen recoil back in favour of rise of Euro. As I have seen it, and is very simple. I needed patience at 2 o'clock and a close review of dynamics of struggle of Euro and Dollar in this time interval. I remember the description of work of the indicator, I look at 2 following bars after crossing a dark blue line. And at last I see not activity of movement downwards the first bar after crossing and return of the second bar back above a dark blue line. All! This signal speaks about impossibility of a short position. It is necessary to wait. But! It is result which insures me against losses. If so it would be desirable to trade nevertheless on small quantity pips then change parameters BAT on 3 and 2 false and trade up to a level 1,618. On such parameters the level 1,618 will be ALWAYS reached.
These conclusions are made of mine Careful supervision.
Thanks for attention.
  • #452
  • Feb 18, 2007 6:51pm Feb 18, 2007 6:51pm
If you have a trend following mechanical system like BAT, it is not wise to trade against trend. But, again, the problem is how you determine the trend. On your chart, you see high 2 and high 3 after the event, by the time you see it, you get BAT long signals, as you indicated.

And it seems you are using Stoch. indicator rather than higher high/lower low trend indicator in your entry decisions such as when you get a buy signal from BAT, then check out Stoch level and if it is above 50 level, then buy, otherwise pass the signal and if it is below 50 when you get a sell signal from BAT, then sell. It may work and filter out some losing trades, but it should be backtested properly.

We would like to remind everyone that a better exit strategy is still needed
not to leave too many hard-earned pips on the table. That's what we are focusing as a team as well.

Thanks for your contribution.



Quoting Eckbert
Hi Team Aphid, I have been playing around with some ideas. My aim is to try and screen your entries so that basically only entries in the direction of the trend are taken. Let us analise the GBP from the 07/02 onwards. From the chart three lower highs were made. I included a long period stochastic of 34 periods. Notice with High 1 the stochastic never left the oversold region while with High 2 & 3 it stopped at the 50 level. With the High 2 a buy signal was given, but what followed was a bearish engulfing candle and the stochastic stalled at 50.

I have also included some simple trendlines. I think that with keeping your charts simple and adding lagging indicators, and being able to interpret what the charts are telling you , your losses can be minimised. The long position from High 2 should have been closed out after the bearish engulfing candle , with a small loss.

Unfortunately we will not know if we have a situation where the trend continues.

I have not looked at a ranging market. But sofar my line of thought is that if we have a trend in place and we are making higher highs or lower lows, is it wise to trade against the trend
  • #453
  • Feb 18, 2007 7:11pm Feb 18, 2007 7:11pm
Thanks for the compliment. If you trade this system with discipline and 100% mechanically by using the defined rules, you will most likely to keep adding to your account consistently. That's what we are doing.


Quoting Gandolf
Team Aphid... i have been trading for just over 2 years. It has been a struggle. Thank you for sharing your method... i have tried so many approaches. i am using nothing but BAT now and this is the first time i have ever been consistently adding to my account. You folks are the greatest!
  • #454
  • Feb 18, 2007 7:12pm Feb 18, 2007 7:12pm
We'll continue to support this thread as long as it is kept alive, no worries.



Quoting mason
I agree this method put my account raising too.:surprised

Thanks for your sharing, please continue to support us.
  • #455
  • Feb 18, 2007 7:35pm Feb 18, 2007 7:35pm
Thanks for sharing below attachments. We'll go through them. But just a quick note for you; there are many ways people can use the same indicator. That's why we asked you to explain your way of using these together with BAT so that maybe we can modify original BAT system by using your rules to have better results.

Anyway, thank you for your kind words and contributions.



Quoting Laoma
Sorry but I think I'm not intitle to recieve your "thanks" and in the same way I can't explain step by step how to use GMMA and multiple RSI just becouse every things I know is coming 90 % from FF and in this forum you can find all links and answer. My way of trading is just to apply what I understaind from my reading and studing and, I'm sure, yours are well in front of my knowledge.

As shortcut I annex here some documents and link to others topics of FF where you can find discussions about it.

for RSI " http://www.forexfactory.com/showpost...&postcount=787 "

and this for GMMA " http://www.forexfactory.com/showthre...highlight=gmma "


I hope this can help

Laoma
  • #456
  • Feb 18, 2007 8:26pm Feb 18, 2007 8:26pm
Is there a certain way to down load the indicator. I have tried a couple of times and keep getting error messages.
Quoting TeamAphid
Hi Everyone,

Great to see so many enthusiastic people here.
The main posters in Team Aphid will be me...Athena ( Hi! ) and Zeus and Hermes.
We will try and answer your questions as best we can and we know there will be a few (as other TA members had them!)
Read the PDF and set up the charts and let us know what you think.

Happy reading and trading.

Athena

Diallist you are ALWAYS more than welcome on this thread!
ps. Please excuse any errors.( page 4 fixed- 2 errors page 4 - 17/1/06)
  • #457
  • Feb 18, 2007 11:32pm Feb 18, 2007 11:32pm
Right click on attachment, then click on 'Save Target As' and choose Metatrader/Experts/Indicators directory and save there. We tried now, and it is working fine.


Quoting goodthings
Is there a certain way to down load the indicator. I have tried a couple of times and keep getting error messages.
  • #458
  • Feb 18, 2007 11:56pm Feb 18, 2007 11:56pm
Hello, TA.

I have posted a collection of small charts that i use to keep track of volatility for all currency pairs. The 8 contained in this collection are the most volatile over a 30 hour period and are arranged in order of volatility. In that group is EURJPY which has not backtested well for you. Also, GBPCHF which you have not tested yet. Do you have any plans to back test it? I would be happy to do some grunt work for us all here but i am not as experienced so might need some guidance. Are there any others among this group that is on your hit list to test?
Attached Image
  • #459
  • Edited 12:48am Feb 19, 2007 12:18am | Edited 12:48am
Gandolf, could you please upload your ATR indicator? It's easier to monitor than the one provided in MT4. thanks
  • #460
  • Edited 1:03am Feb 19, 2007 12:44am | Edited 1:03am
Someone else's idea that i have adopted as a mechanical exercise is updating support and resistance levels as follows.

- High and Low from last year and this year
- High and Low from last month and this month
- High and Low from last week and this week
- High and Low for prior trading day
- Psych levels at even 100 pip levels
- Oh, yeh... and also take note of the multiple time frame 20, 50, 100 and 200 Daily SMAs

What i am wondering is if it would be appropriate to exit when
- we pass the 423.6 Fib level
- price reverses at one of these major S/R levels
- moves away at a certain velocity
- and moves a certain distance

I rode GBPJPY all the way from the entry, down past the 423.6 Fib level, and back up to the BAT trailing stop. It reversed as it approached the 232 psych level. Would have been nice to have saved a portion of that 146 pips before my exit. For now, i'll give up the 146, but if TA thinks this could work I'd be happy to do the work to backtest this if someone can help with parameters.
Attached Image
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