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Supernova GBP/JPY Mini Trend Catcher

  • #6,281
  • Jan 6, 2009 2:27pm Jan 6, 2009 2:27pm
Quoting wolfeman
Let's hope for a repeat of last year's big run in Jan and Feb. Looking good so far!
Holy Cow, Wolfy!!

All that with the H4 PSAR Scaleout setting? I love what I see there! Have you somehow altered the settings a bit or is it the old original?

I need to look at that some more!!

Ciao!
Matt
  • #6,282
  • Jan 6, 2009 2:29pm Jan 6, 2009 2:29pm
Quoting ffixer
Hi Guys/Gals,

How about saving flyboy a lot of time and nwbies a lot of time and confusion?

How about those who use(d) SN variations in a structural manner, be it manual or mechanical, can post what they do now, what they think is important, links to their main posts or whatever etc, we can update and summarize this thread.
Also frustration, records of dead ends etc are welcome.

Maybe Gnat is willing to PM all the participants?
Maybe Cryten is willing to make documents to update the first post?

just some idea...

fixer
Hallo LvS

Guess we could do that, hehehe! I will try to get some people and details together and then Obiwan can work out a way to integrate it into the first post. But it might be consuming a bit of a time.

I can see your love of organization there!

Ciao!
Matt
  • #6,283
  • Jan 6, 2009 3:07pm Jan 6, 2009 3:07pm
OOPs, I forgot to change the comments on the EA.

That is a 4HR chart with daily confirming TF. Not using scaleout, as I noticed when I took off the Scaleout the profits went way up and the losses stayed the same. A scale out feature for the losers might work, but for now it stays off.

This is the same account that I started for the original testing back on post (#4592 Jan 27th). The Sn test 3...with the original settings it floundered around for months right around the initial deposit. When I changed the settings, it rocketed up to around 90,000- then was pummeled in the fall, right back to 49,000. The last week or so has really brought it back. Clearly, these settings don't like the rangy market.

This account was at about 95,000 (if I recall) when the market got stuck in the range, and I had considered turning it off for a while after some big losses. I chose to leave it on for "real" testing. A lesson learned. Rick will tell you- You can't program discipline into an EA. Next time I'm faced with that decision, I'll toss a coin...

Can't post a set file here (or can I?) Anybody wants it, email me.

Quoting Gnat
Holy Cow, Wolfy!!

All that with the H4 PSAR Scaleout setting? I love what I see there! Have you somehow altered the settings a bit or is it the old original?

I need to look at that some more!!

Ciao!
Matt
  • #6,284
  • Jan 6, 2009 3:20pm Jan 6, 2009 3:20pm
Almost forgot Matt. I want a pm regarding your trip to Amsterdam...And it better be good!
  • #6,285
  • Jan 7, 2009 10:24am Jan 7, 2009 10:24am
Just want to say thanks to all the great minds here at Supernova, and for sharing. I don't know if I'll every find an ea that I can trust, but manually this system is great. Please keep up the good work. The main trouble I run into is when I try and out-think things instead of just trading what I see. I know that I do that and yet I continue to do it. Maybe I need to hire a young chick to stand behind me and smack the back of my head when I think I can predict the market. Anyway, thanks again. B
  • #6,286
  • Jan 7, 2009 1:16pm Jan 7, 2009 1:16pm
Quoting wolfeman
Almost forgot Matt. I want a pm regarding your trip to Amsterdam...And it better be good!
LOL! I have not even been there yet! My sister just moved there 3 days ago and I am still waiting for my new car that will only come on the 19th as I learned today. So I need to wait a bit with that trip - but it will surely come! And I will have to make a sneak peak as Ma'am ffixer then, too! Just around the corner.

I will give you all the details then - but in a PM - about life in Amsterdam and the bakeries with cookies free from the age of 16!

Ciao!
Matt
  • #6,287
  • Jan 7, 2009 1:19pm Jan 7, 2009 1:19pm
Quoting wolfeman
OOPs, I forgot to change the comments on the EA.

That is a 4HR chart with daily confirming TF. Not using scaleout, as I noticed when I took off the Scaleout the profits went way up and the losses stayed the same. A scale out feature for the losers might work, but for now it stays off.

This is the same account that I started for the original testing back on post (#4592 Jan 27th). The Sn test 3...with the original settings it floundered around for months right around the initial deposit. When I changed the settings, it rocketed up to around...
Wow... that is really some display of stamina there Wolfy! Guess most others have already forgotten about the MT4 installation that carried this one! But actually a range filter would make this thing super cool!

Guess we need to work something out later this year. After Amsterdam and all that, hehehe!

Have a good one - I got your new Email, so I will be in touch!

Ciao!
Matt
  • #6,288
  • Jan 7, 2009 1:25pm Jan 7, 2009 1:25pm
Quoting Brimm
Just want to say thanks to all the great minds here at Supernova, and for sharing. I don't know if I'll every find an ea that I can trust, but manually this system is great. Please keep up the good work. The main trouble I run into is when I try and out-think things instead of just trading what I see. I know that I do that and yet I continue to do it. Maybe I need to hire a young chick to stand behind me and smack the back of my head when I think I can predict the market. Anyway, thanks again. B
Hey Brimm!

Thanks for your kind words - very much appreciated! Please try and do just one trade per day on your favourite pair or group of pairs.
If you like GBPJPY for instance, just look at GBPUSD and USDJPY and see which is the strongest partner and who is the weakest. Take a 15M chart with Supernova setup and get that one good trade long or short. Set a reliable piprange you want to make and then just stop (with life trading) for the day.

You will get calmer and you will not need that chick to smack you. Unfortunately... I can feel your pain there... but no S&M needed!! Make it a daily routine and it will loose its hokuspokus.

I am sure you will be able to make it and we will probably give it another try on the EA frontier. This beta14 is a constructionground.

See you soon!
Ciao!
Matt
  • #6,289
  • Jan 8, 2009 3:23pm Jan 8, 2009 3:23pm
Hi, I have been trying to get this ea to work, but it has not done a single trade under the five minute time frame and the smiley face is on. Can someone help me? Do the settings need to be done a certain way?
  • #6,290
  • Jan 8, 2009 4:07pm Jan 8, 2009 4:07pm
Quoting mac53532002
Hi, I have been trying to get this ea to work, but it has not done a single trade under the five minute time frame and the smiley face is on. Can someone help me? Do the settings need to be done a certain way?
Hey Mac!

The default settings of the EA are a virtual "no trade". There are so many conditions to be met, that maybe there will be a trade every 2 years.

So you need to figure out on which of the indicators you want to enter (QQEA springs to mind) and what combo might be needed for an exit (T3 and MOM for instance). All other things need to be set aside.

If you look under the paper clip in the right hand corner of the thread header you might find a zip file with some examples... but not for the 5M chart. But you can later them and make the QQEA more reactive and give it a try.

Hope that helps a bit. I am open for more questions thereafter!

Ciao!
Matt
  • #6,291
  • Jan 8, 2009 6:50pm Jan 8, 2009 6:50pm
Hi, thanks for responding back to me. It is funny that the EA that I downloaded has parameters for exiting QQE, but there is no entry for QQE. I see a laguerre indicator which I thought night be the synomous with the QQE so I put it as true for a demo, but I am not sure.
  • #6,292
  • Jan 8, 2009 7:17pm Jan 8, 2009 7:17pm
Quoting wolfeman
Let's hope for a repeat of last year's big run in Jan and Feb. Looking good so far!

Mind posting your template and any indicators not already
on this thread.. THANKS!

Brian
  • #6,293
  • Jan 8, 2009 9:40pm Jan 8, 2009 9:40pm
Here is the the template and expert advisor for your review. Thanks
Attached File(s)
File Type: tpl supernova.tpl   3 KB | 745 downloads
File Type: zip SuperNova EA v1[1][1].4.zip   213 KB | 1,365 downloads
  • #6,294
  • Jan 8, 2009 9:52pm Jan 8, 2009 9:52pm
Quoting Gnat
Hey Mac!

The default settings of the EA are a virtual "no trade". There are so many conditions to be met, that maybe there will be a trade every 2 years.

So you need to figure out on which of the indicators you want to enter (QQEA springs to mind) and what combo might be needed for an exit (T3 and MOM for instance). All other things need to be set aside.

If you look under the paper clip in the right hand corner of the thread header you might find a zip file with some examples... but not for the 5M chart. But you can later them and make the...

Matt,

I'm just curious if you or anyone you know is making money using this EA?

Thanks
rptrader
  • #6,295
  • Jan 9, 2009 1:42am Jan 9, 2009 1:42am
I used to use some other indicators,
and did make good sum of money until last december, when the Eur/USD started to move against my position...which basically wiped out my account.

And I found Supernova method and did some more research with it before actually using it.
However, when I am not trading with real money, I do see good trades. But whenever I start using real account, I face lots of difficulties.

I have asked this question before about tight SL, which I did get an answer.
=> tight SL is somewhere above and below T3 line depending on my position.

However, as some of you also observed, for past two nights, the price movenet was crazy that I was afraid my position would get Stop loss out so I extended my SL to as much as 50 to 70pips.

I went in for 2 trades, I assumed it was right times, but I ended up hitting my SL both times, losing as much as 120pips.

Maybe I should have stepped out earlier when supernova indicators showed price movement in a different direction. Maybe this was my mistake.

So far I have lost about 3000pips, including last december's horrible trade.

I have few questions to ask to you guys!

1. Do most of you avoid news time, like when unemployment rate and interest rate come out?
2. Can anyone briefly describe when he/she takes the trade using Supernova indicators?
3. I personally try to use both 1min TF and 5min TF, but I tend to only look at 1min TF, bc that's what I can really see as what's happening at this moment. And I don't want to miss those chances to make pips before 5min bar shows up.

It will be great for me to hear some advices from you guys, bc I am very discouraged right now...lol;;
And if you guys are really willing to share some of your trading methods, plz do so .

thanks!
  • #6,296
  • Jan 9, 2009 2:58am Jan 9, 2009 2:58am
Quoting mac53532002
Hi, thanks for responding back to me. It is funny that the EA that I downloaded has parameters for exiting QQE, but there is no entry for QQE. I see a laguerre indicator which I thought night be the synomous with the QQE so I put it as true for a demo, but I am not sure.
Hallo Mac!

I looked into the package that you posted a little bit later and found that you are using a very old version of the EA. (v.1.4 I guess). This one was replaced by the one that I attach here after a number of other betas. So see the developement of all this go back about one year in this thread or search for posts by rmyers.

You will need the QQEA with that EA I include and then the setfiles I hinted at. Then you can get things moving.

Best Wishes!
Gnat - Matt
Attached File(s)
File Type: ex4 SuperNova EA (Glenn) v1.7.Beta14.ex4   49 KB | 1,254 downloads
File Type: mq4 QQEA.mq4   3 KB | 1,109 downloads
  • #6,297
  • Jan 9, 2009 3:06am Jan 9, 2009 3:06am
Quoting rptrader
Matt,

I'm just curious if you or anyone you know is making money using this EA?

Thanks
rptrader
Hi rptrader!

If you can trade Supernova manually, then this EA is really making good returns on trending markets. On the 4H TF I let it run on one of my real accounts and it is consitently working its way up.
But in ranging market you need to lower the TF AND the reactivity of the RSI part of the QQEA (Darfactor). Sometimes I put it as low as 2.5 to get fast responses. Then I also work with a takeprofit - on trending market I use the trailingstops based on ATR or Psar that are already built in.
While overall reactivity on entry and exit is still something to improve in the long run, there is no doubt that the money management features and risk protections in this EA are pretty unique!
So: Yes! Money is being made with this and the winners are much bigger than the loosers on my setups, so I only need a 40:60 hitrate to make a good month - normally it is better. But that also shows that this is not a fire and forget setup. You need to know your Supernova pretty well manually, to get the EA in and out and switched.

Have a good one!
Ciao!
Gnat - Matt
  • #6,298
  • Jan 9, 2009 3:44am Jan 9, 2009 3:44am
Quoting perstoman
I used to use some other indicators,
and did make good sum of money until last december, when the Eur/USD started to move against my position...which basically wiped out my account.

And I found Supernova method and did some more research with it before actually using it.
However, when I am not trading with real money, I do see good trades. But whenever I start using real account, I face lots of difficulties.

I have asked this question before about tight SL, which I did get an answer.
=> tight SL is somewhere above and below T3 line depending...
Sorry... I typed a really lengthy response here and FF swallowd it... I will try to get another 30m later... sorry man!

Matt
  • #6,299
  • Jan 9, 2009 6:51am Jan 9, 2009 6:51am
Quoting perstoman
I used to use some other indicators,
and did make good sum of money until last december, when the Eur/USD started to move against my position...which basically wiped out my account.

And I found Supernova method and did some more research with it before actually using it.
However, when I am not trading with real money, I do see good trades. But whenever I start using real account, I face lots of difficulties.

I have asked this question before about tight SL, which I did get an answer.
=> tight SL is somewhere above and below T3 line depending...
Go a few pages back and read my posts on retracement, replace the T3 with a 9 sma shift 1 high, 9 sma shift 1 low, 9 sma shift 1 close and study this until you see the very repeatable patterns of retracements and use them to your advantage.
  • #6,300
  • Jan 9, 2009 10:48am Jan 9, 2009 10:48am
Quoting cryten
Go a few pages back and read my posts on retracement, replace the T3 with a 9 sma shift 1 high, 9 sma shift 1 low, 9 sma shift 1 close and study this until you see the very repeatable patterns of retracements and use them to your advantage.
Hey Obiwan!

Thanks for that quick one! BTW... very catching avatar you entertain these days. Hehehe.... maybe the old dragonforkfrog will be arounsing people a bit... differently!

See ya! Saw your post at the Bee-Shop! Finny is on it!

Ciao!
Matt
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