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Attachments: Mikkom's stophunter system
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Mikkom's stophunter system

  • #141
  • May 2, 2009 12:46pm May 2, 2009 12:46pm
Will it be right SL at this short trade?

SL=C+(B-A)/2
Attached Image (click to enlarge)
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  • #142
  • May 2, 2009 12:55pm May 2, 2009 12:55pm
Quoting Dezil
Will it be right SL at this short trade?

SL=C+(B-A)/2
I wouldn't take the trade before there is opposite fractal on the correct direction.
  • #143
  • May 2, 2009 12:59pm May 2, 2009 12:59pm
But I think the outcome is the same if you have a decent approach to discretion and a workable system in the first place (which your stophunter system obviously is).

Quoting mikkom
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.
  • #144
  • May 2, 2009 1:01pm May 2, 2009 1:01pm
I did exactly this in one series of testing as I mentioned before. This helps to define your initial risk value. As a variation in my own approach, once the opposite fractal had formed, I was then able to define where the stop should be placed and then placed all the stop orders that were previously missed based on the new, opposite fractal.

Quoting mikkom
I wouldn't take the trade before there is opposite fractal on the correct direction.
  • #145
  • May 2, 2009 1:16pm May 2, 2009 1:16pm
Quoting Limstylz
As a variation in my own approach, once the opposite fractal had formed, I was then able to define where the stop should be placed and then placed all the stop orders that were previously missed based on the new, opposite fractal.
did you get better results with this? Or better to miss this type of trades?
What is your choice?
  • #146
  • May 3, 2009 1:21am May 3, 2009 1:21am
Quoting Dezil
did you get better results with this? Or better to miss this type of trades?
What is your choice?

If you read the first post Mikkom only makes a trade after 2 fractals have formed. A lower fractal and a higher fractal. I presume this is to protect the SL, but it makes sense considering you are making opposite trades to the fractal signal.
Starting to see instead of just looking.
  • #147
  • May 3, 2009 3:03am May 3, 2009 3:03am
Quoting Rastaman
If you read the first post Mikkom only makes a trade after 2 fractals have formed. A lower fractal and a higher fractal. I presume this is to protect the SL, but it makes sense considering you are making opposite trades to the fractal signal.
Yes, that guarantees that the stop is at the current middle point of the current swing which is quite an important point in determining direction.
  • #148
  • May 3, 2009 3:22am May 3, 2009 3:22am
Quoting mikkom
Yes, that guarantees that the stop is at the current middle point of the current swing which is quite an important point in determining direction.

I suppose it also acts as a buffer keeping us out of most of the flac swings but allows us to catch the big moves.

Very clever, I am liking it more and more after the penny actually dropped!
Mikkom have you also traded this on a shorter TF like H4, if so how did it do.

I was just checking this on other pairs and GBP/USD seems to hit the SL quite a lot.
Starting to see instead of just looking.
  • #149
  • May 3, 2009 8:47am May 3, 2009 8:47am
Quoting Rastaman
I suppose it also acts as a buffer keeping us out of most of the flac swings but allows us to catch the big moves.

Very clever, I am liking it more and more after the penny actually dropped!
Mikkom have you also traded this on a shorter TF like H4, if so how did it do.

I was just checking this on other pairs and GBP/USD seems to hit the SL quite a lot.
I don't personally trade anything under daily candles but feel free to experiment. I assume that if you trade under dailies there is much more things you have to look at like how the breakout on fractal level was and where you should exit.
  • #150
  • May 3, 2009 8:13pm May 3, 2009 8:13pm
Quoting mikkom
I don't personally trade anything under daily candles but feel free to experiment. I assume that if you trade under dailies there is much more things you have to look at like how the breakout on fractal level was and where you should exit.

A similar system was posted on a shorter TF on the April/22 interestingly enough. http://www.forexfactory.com/showthread.php?t=164704
Starting to see instead of just looking.
  • #151
  • May 4, 2009 5:01am May 4, 2009 5:01am
Mikkom, what broker do you use for testing? What is GMT start hour for daily bars?
  • #152
  • Edited 6:13am May 4, 2009 5:57am | Edited 6:13am
Quoting Dezil
Mikkom, what broker do you use for testing? What is GMT start hour for daily bars?
ActivTrades, London time, gmt+1 (I don't just test, this is one of the systems I trade live).

I have used IB in the past (great broker) but their platform is not exactly top notch.

edit: Oh and I have used alpari in the past to test 1 min data.
  • #153
  • Edited 6:27am May 4, 2009 6:13am | Edited 6:27am
Hi Dezil,

There were times when stop orders were not originally placed because there was no opposite fractal. However, when the opposite fractal had formed, I could then determine position size and place any stop orders that were missed out initially.

This returned more trades on the reversal of a trend or retracement of a large trend (obviously) but had the same expectancy (no better or worse than a standard trade setup.) It's the greater number of trades overall which had a positive outcome that leads me to the conclusion that as long as an opposite fractal had formed and position size can be determined, it is worth doing.

However, the same cannot be said for using a non-opposite fractal (e.g. using the distance between a lower fractal and another lower fractal when the trend is bullish and visa versa in a bearish trend). This returned a lower positive expectancy, I think because the distance between fractals was too small on occasion and was therefore more prone to whipsaws.


Quoting Dezil
did you get better results with this? Or better to miss this type of trades?
What is your choice?
  • #154
  • May 4, 2009 6:39am May 4, 2009 6:39am
Quoting mikkom
ActivTrades, London time, gmt+1 (I don't just test, this is one of the systems I trade live).

I have used IB in the past (great broker) but their platform is not exactly top notch.

edit: Oh and I have used alpari in the past to test 1 min data.
The reason i asked it is that i still do not get good results with GBPUSD. Buy this time i'm shure that my EA works 100% with all rules posted in this thread but results for this pair from 2000. EA hardly stay at BE to the end of 2008.

So my thoughts was there is difference in daystart hour which affect this system.
And without any testing data from other people who 100% know this system i do not know what else can i done wrong in my EA
  • #155
  • May 4, 2009 6:57am May 4, 2009 6:57am
Quoting Dezil
The reason i asked it is that i still do not get good results with GBPUSD. Buy this time i'm shure that my EA works 100% with all rules posted in this thread but results for this pair from 2000. EA hardly stay at BE to the end of 2008.

So my thoughts was there is difference in daystart hour which affect this system.
And without any testing data from other people who 100% know this system i do not know what else can i done wrong in my EA
Are you using r%? What is your risk level per trade?
  • #156
  • May 4, 2009 7:15am May 4, 2009 7:15am
With 3% risk the result is 700$ profit on 10000 account from 2000 till 01/01/09
  • #157
  • Edited 8:57am May 4, 2009 7:24am | Edited 8:57am
Quoting Dezil
With 3% risk the result is 700$ profit on 10000 account from 2000 till 01/01/09
I'm a bit puzzled if I should allow backtest curves here.. The problem is that I don't want to - the rules are so simple that anyone should be able to reproduce the system and I checked my code - all is on the first post.

On 3% risk since 2000 on alpari data (that's my highest resolution data for GBPUSD and I still don't have full 1 min data - alpari databank doesn't have it for some reason), my result is very different than yours.

As I'm bored to discuss about the implementation of the method and not the actual method, here is EA that works on testing mode only. Don't ask for the live version thank you (I'm not going to give it).

[sorry, it's removed. I don't want people decompiling and selling my stuff - again more homework for everyone if you didn't download it already]
  • #158
  • May 4, 2009 7:47am May 4, 2009 7:47am
Quoting mikkom
I'm a bit puzzled if I should allow backtest curves here.. The problem is that I don't want to - the rules are so simple that anyone should be able to reproduce the system and I checked my code - all is on the first post.

On 3% risk since 2000 on alpari data (that's my highest resolution data for GBPUSD and I still don't have full 1 min data - alpari databank doesn't have it for some reason), my result is very different than yours.

As I'm bored to discuss about the implementation of the method and not the actual method, here is EA that works...
Thanks a lot Mikkom!
That is all i need to find where i was wrong (if i was). I can easily make my own live version of EA.
  • #159
  • May 4, 2009 8:26am May 4, 2009 8:26am
I wonder how many PM's you will now receive, even though you asked not to contacted for the live version

My manual cable testing (including my discretion) performed better than your EA did (I wish I knew how to quantify my discretion as this would be ideal). However, the E/U results are simply incredible with your EA (with both every tick and control points). I tend to stick to cable as it is the pair that I am most familiar with but maybe I will back test my discretionary version of your stophunter with E/U to see if I can achieve similar results.

You might want to consider removing your EA's from the thread if you are worried about some unscrupulous people decompiling your code. Anyway, I think congratulations are in order what appears to be a completely self-sustaining and viable EA and system.

Quoting mikkom
I'm a bit puzzled if I should allow backtest curves here.. The problem is that I don't want to - the rules are so simple that anyone should be able to reproduce the system and I checked my code - all is on the first post.

On 3% risk since 2000 on alpari data (that's my highest resolution data for GBPUSD and I still don't have full 1 min data - alpari databank doesn't have it for some reason), my result is very different than yours.

As I'm bored to discuss about the implementation of the method and not the actual method, here is EA that works...
  • #160
  • Edited 8:54am May 4, 2009 8:38am | Edited 8:54am
Never thought about decompiling and I don't want anyone selling my stuff so sorry everyone - EA's are removed.

Hope I helped Dezil and now we can move on.. I have no idea where. Maybe I should discuss a bit more about why I only trade daily systems and why multiple systems combined produce much smoother curve than any system on itself?

By the way do anyone know why this kind of system works best on EURUSD? I might have some ideas but I want to see some discussion
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