Mikkom's stophunter system | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

The System Behind the System, by Merlin Jeffries 16 replies

200 Ema system - help me build a system ! 19 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Mikkom's stophunter system
Exit Attachments

Mikkom's stophunter system

  • #121
  • May 1, 2009 4:42am May 1, 2009 4:42am
Quoting Dezil
No, we use fractal only one time.

Thank you - appreciate the help
  • #122
  • May 1, 2009 8:30am May 1, 2009 8:30am
Hi, mikkom

It's very strange for me that this thread is not so popular. People are too lasy

Thanks for your system! I've made my homework and my EA shows good results from 2000. I'll continue testing on other pairs. I still have some questions and i'll ask if you would not minde.
  • #123
  • May 1, 2009 1:53pm May 1, 2009 1:53pm
Quoting Dezil
Hi, mikkom

It's very strange for me that this thread is not so popular. People are too lasy

Thanks for your system! I've made my homework and my EA shows good results from 2000. I'll continue testing on other pairs. I still have some questions and i'll ask if you would not minde.
.

I know Mikkom asked to don't post EA here, but maybe if u would like to share it, and Mikkom is agree, we could start a new thread for the EA, maybe on others section like rokie or programming discussion.

Thanks.

Lubo.

P.s. I am really interested in doing some backtest.
If I know how, I tell You!! Few but Good!!
  • #124
  • May 1, 2009 2:28pm May 1, 2009 2:28pm
Quoting LuboLabo
.

I know Mikkom asked to don't post EA here, but maybe if u would like to share it, and Mikkom is agree, we could start a new thread for the EA, maybe on others section like rokie or programming discussion.

Thanks.

Lubo.

P.s. I am really interested in doing some backtest.
At this stage i do not want to share EA cos it's raw and mikkom asked not to post any EA or backtest results. Also i have some questions to mikkom.
  • #125
  • Edited 10:54am May 2, 2009 9:37am | Edited 10:54am
Quoting Dezil
Hi, mikkom

It's very strange for me that this thread is not so popular. People are too lasy

Thanks for your system! I've made my homework and my EA shows good results from 2000. I'll continue testing on other pairs. I still have some questions and i'll ask if you would not minde.
I'm not looking for popularity so it really doesn't bother me at all.

Laziness is exactly the reason I don't want people to post EAs or backtests - if people are too lazy to test a method then they don't understand what [systematic] trading is all about and shouldn't even be reading this thread.

Feel free to ask questions, I'll try to answer them as soon as I can.
  • #126
  • May 2, 2009 10:57am May 2, 2009 10:57am
Quoting Dezil
Hi, mikkom

What will you do in accordance to your system when for ex new low fractal formed and last high fractal is lower then new low fractal. Will you set sellstop for new fractal and what initial sl will be in this case?

this situation happens in strong and long trends.

Hope you understand what i'm talking about, if not i'll post example
I missed this question - Yes, I add a new buy/sell for each fractal. The stop is always middle between the entry fractal and last opposite fractal.
  • #127
  • May 2, 2009 11:11am May 2, 2009 11:11am
First question.

Look at the picture. As you see last low fractal is higher then last high fractal. Will you take this trade (set sellstop order) and what stop loss will be in this case?
Attached Image (click to enlarge)
Click to Enlarge Name: question.gif Size: 21 KB
  • #128
  • May 2, 2009 11:20am May 2, 2009 11:20am
I came across this several times in back testing cable. I found the safest option was not to place the order stop until a new fractal in the opposite side had been formed (this would be an indication that we were in a trend). As soon as an opposite fractal had been formed, I would then place the stop. This method worked pretty well.

Quoting Dezil
First question.

Look at the picture. As you see last low fractal is higher then last high fractal. Will you take this trade (set sellstop order) and what stop loss will be in this case?
  • #129
  • May 2, 2009 11:27am May 2, 2009 11:27am
It could be worth considering that 2-3 fractals on the daily chart without an opposite fractal indicates a trend and a trade could be taken in the direction of the trend to supplement the trading methodology?
  • #130
  • May 2, 2009 11:31am May 2, 2009 11:31am
Quoting Limstylz
I came across this several times in back testing cable. I found the safest option was not to place the order stop until a new fractal in the opposite side had been formed (this would be an indication that we were in a trend). As soon as an opposite fractal had been formed, I would then place the stop. This method worked pretty well.
Now i'm testing USDJPY with both types to compare results.

Interesting to know are you satisfied with testing results on cable? EURUSD is vere very good but cable (at least by my results) is looser
  • #131
  • May 2, 2009 11:32am May 2, 2009 11:32am
There was another method that I tried, where I placed the order and the SL was at the next fractal. This too worked well. To be honest, I could draw no definitive conclusions as to which was better. The method in this post, obviously had a tighter stop, which considering the trading system, in some cases worked at a disadvantage and in other scenarios worked out to be advantageous.

Quoting Limstylz
I came across this several times in back testing cable. I found the safest option was not to place the order stop until a new fractal in the opposite side had been formed (this would be an indication that we were in a trend). As soon as an opposite fractal had been formed, I would then place the stop. This method worked pretty well.
  • #132
  • May 2, 2009 11:42am May 2, 2009 11:42am
when cable produced a lot of whipsaws, but overall turned out to be quite profitable. I think that the methods described here should be taken as a basis for a trading method, but it produces better results when applied with a little discretion.

An EA might be able to take the trades, but I think human intervention should be applied when you use the robot. Ronald Raygun (a fantastic programmer on FF and well respected by many) by his own volition uses about 30 odd EA's applying different strategies over numerous pairs, but he manages them manually. This is the key, I believe, if you go down the EA route.

Quoting Dezil
Now i'm testing USDJPY with both types to compare results.

Interesting to know are you satisfied with testing results on cable? EURUSD is vere very good but cable (at least by my results) is looser
  • #133
  • May 2, 2009 11:52am May 2, 2009 11:52am
Quoting Limstylz
when cable produced a lot of whipsaws, but overall turned out to be quite profitable....
I'm testing from 2000 to 2009
  • #134
  • May 2, 2009 12:05pm May 2, 2009 12:05pm
Quoting Dezil
First question.

Look at the picture. As you see last low fractal is higher then last high fractal. Will you take this trade (set sellstop order) and what stop loss will be in this case?
Good question - I wouldn't take that trade because there is no way to calculate sl correctly according the rules.
  • #135
  • May 2, 2009 12:07pm May 2, 2009 12:07pm
Quoting Dezil
I'm testing from 2000 to 2009
The method should be clearly profitable with quite low DD with cable on that period [I assume you are not using too high risk per trade].
  • #136
  • May 2, 2009 12:11pm May 2, 2009 12:11pm
Mikkom could you please look at picture that i posted earlier. and maybe you would be very kinde and mark at my example picture the level of SL.

P.S.
good equity qurve but modeling quality is "n/a"
  • #137
  • May 2, 2009 12:19pm May 2, 2009 12:19pm
Quoting Limstylz
when cable produced a lot of whipsaws, but overall turned out to be quite profitable....
Well there are different opinions about this but I use my systems all the time without any human intervention - in fact I try not to touch the algos even in times of drawdowns or at the times when I think I'm more right than my algos.

I don't believe in discretion in systematic trading (I have made and lost a lot of money with my discretionary trading), my opinion is that all "discretionary" feeling based trading can be quantified [translated to rules] and then tested on long term data to see if it really works or not.
  • #138
  • May 2, 2009 12:20pm May 2, 2009 12:20pm
Quoting mikkom
The method should be clearly profitable with quite low DD with cable on that period [I assume you are not using too high risk per trade].
One of my question is about risk per trade issue.

i'm testing from initial capital 10000$. Min lot in this case is 0.1 (broker default). The fact is that if i set risk for ex 3% while SL ais big i get lot size less then 0.1. So i have to break the rules fot this trade and set lot to min 0.1 or i have to not to take this trade at all.

How do you handle this?
  • #139
  • May 2, 2009 12:21pm May 2, 2009 12:21pm
Quoting Dezil
Mikkom could you please look at picture that i posted earlier. and maybe you would be very kinde and mark at my example picture the level of SL.

P.S.
good equity qurve but modeling quality is "n/a"
(I deleted the original post - I realized that I don't want to break my own rules about backtests)

I know, I don't have quality 20 year data for cable.

Anyway, modeling quality is not really important if initial sl is almost always outside the daily range.
  • #140
  • May 2, 2009 12:26pm May 2, 2009 12:26pm
Quoting Dezil
One of my question is about risk per trade issue.

i'm testing from initial capital 10000$. Min lot in this case is 0.1 (broker default). The fact is that if i set risk for ex 3% while SL ais big i get lot size less then 0.1. So i have to break the rules fot this trade and set lot to min 0.1 or i have to not to take this trade at all.

How do you handle this?
I would find another broker that allows smaller positions. Risk issue is one of the most critical things and you have to be very exact with it.
0 traders viewing now