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NFP System - Backtest data provided

  • #61
  • Mar 31, 2007 11:27am Mar 31, 2007 11:27am
Quoting rockrat
hi all

i seem to have a differnet problem with the indicator. i cant seem to get it to work with any time frame.
i have increased the max number of bars already suggested, i am not on a mini account (have tryd the amended version anyway just in case), i am on a normal demo from IBFX.

any advice, i so wanna be able to look at this as it looks pretty interesting

It appears essential that you open windows for all of the 7 currency pairs that the indicator uses. If you don't do that, it may only draw part of the chart (where you have data) or none at all.

MT4 uses currency data stored in *.st files in the /history subdirectory (e.g. AUDUSD30.hst). I am not sure if you simply need to have a file for each currency and MT4 will load the needed data when you are online, or if you need to scroll back and ensure that all data of your time period of interest on the chart is actually downloaded into these files on your computer.

Does anyone know?
  • #62
  • Mar 31, 2007 11:37am Mar 31, 2007 11:37am
Quoting dormdweller
I use North Financial which uses MT4, however, anytime I try to call the indicatior in my EA, the indicator only returns the number 2147483647. No matter what I change and do, the indicator only returns this number. This only occurs in the backtesting. It works just fine when you add the indicator to the chart. Can't figure this one out. Anyone have any clue? The EA right now only calls the indicator and then prints the result so I could see if it working. Argh!!!

Any help is appreciated.

Thanks,
dormdweller,

i have exactly the same problem - indicator works fine on chart but gives me this number in EA. i tried to initialize the array but also did not help.

have you found a solution? maybe 2147483647 is the universal answer to all of our problems on this planet...

  • #63
  • Mar 31, 2007 1:04pm Mar 31, 2007 1:04pm
Hello.

I've consolidated this thread into a single PDF file and posted it here:

http://www.forexfactory.com/showpost...5&postcount=10

Cheers.
  • #64
  • Apr 1, 2007 9:49am Apr 1, 2007 9:49am
Can someone confirm this:

Is the NFP release date is a Friday of the first week that is completely within that month?

I checked a few releases, and that;s how I saw it.
  • #65
  • Apr 1, 2007 11:13am Apr 1, 2007 11:13am
irusoh,

It isn't always the first Friday in the month, though I think thats the norm they try and keep. If you want to find out the date and result of any news report (it seems since the beginning of time), then visit this link:

http://biz.yahoo.com/c/e.html

You can click "Previous week" at the top of the page as many times as you need to. To skip entire years, simply do this:

http://biz.yahoo.com/c/ec/200712.html

That is the 12th week in 2007 (the numbers before .html). So naturally:

http://biz.yahoo.com/c/ec/200201.html

would be the first week in 2002. You need that zero before the 1 in 200201.html, but as soon as you get up to week ten, you can strip the zero (200210.html). Keep in mind there are 52 weeks in a year and about 4 weeks in each month; you'll be able to guesstimate which week you'll need to look for in order to get to the place you want, if you're looking for the May release of the NFP in 2004 for example. But, if you miss your mark, you could always just scroll through them by using "Last week" and "Next week" at the top of the page

-Kev
Savage Pip Fiend
  • #66
  • Apr 1, 2007 12:14pm Apr 1, 2007 12:14pm
Do we have one NFP report this friday, good to test the system first hand
  • #67
  • Apr 1, 2007 1:05pm Apr 1, 2007 1:05pm
Yea A peice of advice...demo my system if you're going to trade it, get a good feeling for it before you trade it live. I can provide you with all the backtest data in the world...but if you don't familiarize yourself with what you trade and get in a bigger comfort zone than you probably are in now, it could spell disaster. We'll talk it out after the report is over, and what happened.

-Kev
  • #68
  • Apr 1, 2007 1:22pm Apr 1, 2007 1:22pm
Quoting Kevin_E
Yea A peice of advice...demo my system if you're going to trade it, get a good feeling for it before you trade it live. I can provide you with all the backtest data in the world...but if you don't familiarize yourself with what you trade and get in a bigger comfort zone than you probably are in now, it could spell disaster. We'll talk it out after the report is over, and what happened.

-Kev
Hi Kevin,

In case that there is a public holiday on Monday right after NFP, will there be any change on your system? Please kindly advise.

Regards,

hksweeper
  • #69
  • Apr 1, 2007 3:59pm Apr 1, 2007 3:59pm
Hi Kevin,

your system is very lovely.
i try to fit her to my criterion and i think to
short the stoploss.
why 100 pips stop? isnt to big? what the logic behind the 100 p?

worshipfully
btfl
  • #70
  • Apr 1, 2007 4:29pm Apr 1, 2007 4:29pm
Quoting hksweeper
Hi Kevin,

In case that there is a public holiday on Monday right after NFP, will there be any change on your system? Please kindly advise.

Regards,

hksweeper
good question, I suppose that holiday shouldnt matter? or ?
  • #71
  • Apr 1, 2007 5:45pm Apr 1, 2007 5:45pm
Quoting bubo
It appears essential that you open windows for all of the 7 currency pairs that the indicator uses. If you don't do that, it may only draw part of the chart (where you have data) or none at all.

MT4 uses currency data stored in *.st files in the /history subdirectory (e.g. AUDUSD30.hst). I am not sure if you simply need to have a file for each currency and MT4 will load the needed data when you are online, or if you need to scroll back and ensure that all data of your time period of interest on the chart is actually downloaded into these files on your computer.

Does anyone know?
ahhhh, i wonder then if the problem i ahve is becuase the interbank feed i have does not have the nzd currency, though i have disabled it by putting its setting to zero and it still doesnt work

thoughts anyone are appreciated
Its gonna happen, it will happen.....i know!
  • #72
  • Apr 1, 2007 7:43pm Apr 1, 2007 7:43pm
Hi:
You've mentioned Joe Knight, the originator of Sentinal Index.
Where can we get more information on this? Any books available by Joe K?
Does he have any website?
Thank you.

Quoting Kevin_E
Yea A peice of advice...demo my system if you're going to trade it, get a good feeling for it before you trade it live. I can provide you with all the backtest data in the world...but if you don't familiarize yourself with what you trade and get in a bigger comfort zone than you probably are in now, it could spell disaster. We'll talk it out after the report is over, and what happened.

-Kev
  • #73
  • Apr 1, 2007 9:31pm Apr 1, 2007 9:31pm
Hello all. To get to some of your questions, first the one about taking the trade on a holiday. The reason I set up the rules the way I did was behind logic...to let the pair settle and decide on a more definate direction, giving it Friday afternoon and the weekend. The report has the potential to reverse an entire pair or simply move 100 pips in one direction and not move at all afterwards. I don't recall running into it, but I would say to go ahead and use Friday from 8:30 to Tuesday at 00:00, or right when the market re-opens for your broker. It still recieved its weekend to settle, and got an extra day too.

The reason I chose the 100 pip stop was to weed out potential whipsaws. My idea was to capture the market as it started a trend, as the NFP sometimes can do. The ones where it seems more like a consolidation than a definate direction, we get out of by using the two position 50 pip breakeven method. At the peak of trends, it can sometimes get a bit messy...thus the wide stop. Plus, even with 100 pips, it has proven previously to still yeild a nice profit. You may shorten the stop if you want to, but it may have a different effect on your wins...say on those 300+ pip moves that went 80 in the wrong direction first

rockrat, try removing the line that says NZD = 1.0; (but be sure to put a semicolon on the line above it to aviod errors)

AUD = 1.0, becomes AUD = 1.0;

Then, go to the bottom of the file and remove this:

x += NZD * Sentinal("NZDUSD",i);

and change this:

x /= (EUR+JPY+GBP+CHF+CAD+AUD+NZD);

to this:

x /= (EUR+JPY+GBP+CHF+CAD+AUD);

and give that a try. I had to remove the NZD part for my indicator too, though for these backtested results, the NZD was a part of it. Then, make sure to have windows open for all 6 pairs in your case, or at least have the data downloaded.

As for Joe Knight, I've let him know of the great work everybody has thought he'd done. He came up with the idea, and is plotting it on graph paper by hand. It was an idea he has just thought of, and followed it to see where it would go. We teamed up, and I produced a computerized version, and entered it with my system into Rob's contest. He's heard of the forum, and said he'd be on soon to chat.

-Kev
Savage Pip Fiend
  • #74
  • Edited 5:12am Apr 2, 2007 2:55am | Edited 5:12am
Dear traders,

According to my IBFX chart, I got a long signal at 02 APR GMT 07:30. Market price closed above 336 SMA, above previous week's high, and above current week's high, while Sentinal Index is above 7 days MA. Do anyone see this?

I didn't enter the trade this time as I think that GBP seems to be relatively high now, and I am actually shorting it now and don't want to go against my current trade. I prefer to take the signal after the next NFP.

Just want to see if anyone can confirm this signal, so I know I understand this system in the right way. Thanks.

Best regards,

hksweeper
  • #75
  • Apr 2, 2007 6:15am Apr 2, 2007 6:15am
Quoting hksweeper
Dear traders,

According to my IBFX chart, I got a long signal at 02 APR GMT 07:30. Market price closed above 336 SMA, above previous week's high, and above current week's high, while Sentinal Index is above 7 days MA. Do anyone see this?

I didn't enter the trade this time as I think that GBP seems to be relatively high now, and I am actually shorting it now and don't want to go against my current trade. I prefer to take the signal after the next NFP.

Just want to see if anyone can confirm this signal, so I know I understand this system in the right way. Thanks.

Best regards,

hksweeper
NFP wasnt on 30/3 it will be on 06/04
  • #76
  • Apr 2, 2007 6:34am Apr 2, 2007 6:34am
Dear All,

I read the whole thread twice. I still cannot figure it out how to trade NFP using the system. Can some one please explain in plain english , how to trade NFP report using this system, it would be a great help...

Thanks in advance.
Thanks and Regards Zamir M Iqbal
  • #77
  • Edited 6:53am Apr 2, 2007 6:41am | Edited 6:53am
Quoting Ahil
NFP wasnt on 30/3 it will be on 06/04
Hi Ahil,

Thanks for your reply, but I was talking about the first re-entries signal since last NFP (09 March) based on the rule posted by Kevin. The rule is as follow:

"Re-entries can be taken only if the price has closed above or below the current and previous week's high/low respectively, and the indicators (Sentinal number nad 336 SMA) support it."

If anyone saw the re-entries signal on 02 April GMT 07:30, please kindly confirm.

Regards,

hksweeper
  • #78
  • Apr 2, 2007 7:35am Apr 2, 2007 7:35am
Quoting hksweeper
Dear traders,

According to my IBFX chart, I got a long signal at 02 APR GMT 07:30. Market price closed above 336 SMA, above previous week's high, and above current week's high, while Sentinal Index is above 7 days MA. Do anyone see this?

I didn't enter the trade this time as I think that GBP seems to be relatively high now, and I am actually shorting it now and don't want to go against my current trade. I prefer to take the signal after the next NFP.

Just want to see if anyone can confirm this signal, so I know I understand this system in the right way. Thanks.

Best regards,

hksweeper
Oh! If I followed this signal, I should got at least 50 pips now!
  • #79
  • Apr 2, 2007 7:44am Apr 2, 2007 7:44am
Hi.. I got eveything, but i just want to know how can i sue NFP to enter the trade???

Quoting hksweeper
Oh! If I followed this signal, I should got at least 50 pips now!
Thanks and Regards Zamir M Iqbal
  • #80
  • Apr 2, 2007 8:03am Apr 2, 2007 8:03am
Quoting zamiriqbal
Hi.. I got eveything, but i just want to know how can i sue NFP to enter the trade???
Had you download the file in the first message on the first page and read the rules?
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