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4H Banker Buster

  • #161
  • Oct 9, 2009 2:42am Oct 9, 2009 2:42am
Quoting PiPsAddict
I too am sorry that it has come to this. But I also respect Pharoah, and anyone else for that matter, if they wish to come or go, contribute or not contribute. This is a place for all of us to share, debate, and bring betterment to each others "forex trading" lives. People will say things they don't mean, and mean things they don't say. It is what it is.... you can't please 100 percent of the people 100 percent of the time. Forex is an incredible gift that is laying right in front of all of us.
PipsAddict . . . if I ever grow up, I want to be able to express my thoughts as well as you just did. Nice job.
Greetings from Guanajuato, Mexico
  • #162
  • Oct 9, 2009 3:02am Oct 9, 2009 3:02am
Quoting buffalopip
It's a shame . How one person or more than one person can ruine a good thread and feel proud for doing it , at someone elses expense , even if a Sorry was put in there after the fact . What was said is done with ... hard to take it back .... it will always be there ......
Here's the thing, buffalopip . . . when Pharoah and I get this thing worked out, we'll still be what we were before . . . friends who communicate openly and honestly.

And you'll still be what you are . . . a misinformed meddler.
Greetings from Guanajuato, Mexico
  • #163
  • Oct 9, 2009 5:59am Oct 9, 2009 5:59am
Ah, finally caught up with the thread again. A lot of reading, while trying to track the system changes & progress in action.

Pharoah, if you still want some help in either beta testing or adjusting some of the ea logic, let me know.
I am not an ea expert like some here. Have played a lot (well too much actually ) with mainly sir Ronalds eas. Normally end up getting them to do what I want.
Take care of you & yours - fx can always wait. It will always be around. Maybe in a different form, going by the restrictions to "protect us", like no hedging & first in first out or somelike that.

cheers scalpz
Target 2 : Stoploss in the green
  • #164
  • Oct 9, 2009 9:07am Oct 9, 2009 9:07am
A meddler ...lol.... I'm sure you two will make up being that your friends .. which is great , a friend is a friend ..... But something did transpire that had consequences for the thread and the followers of the thread as a whole at this point in time ..You see , there is also a bigger picture ,this is a Living for a lot of people , including myself . Where we learn something to help improve or trading skills....Then out of nowhere the idea of learning and helping is gone like a puff of smoke on a windy day...I have high reguard for many people here on FF, including you . Have learned valuable information from all involved , and wanted to learn more . Just like all the others following this thread....So when something is said or a decision is made that impacts my trading style because i'm Learning .... I'm not a meddler , i'm Concerned...
  • #165
  • Oct 9, 2009 10:07am Oct 9, 2009 10:07am
Quoting scalpz
Ah, finally caught up with the thread again. A lot of reading, while trying to track the system changes & progress in action.

Pharoah, if you still want some help in either beta testing or adjusting some of the ea logic, let me know.
I am not an ea expert like some here. Have played a lot (well too much actually ) with mainly sir Ronalds eas. Normally end up getting them to do what I want.
Take care of you & yours - fx can always wait. It will always be around. Maybe in a different form, going by the restrictions to "protect us", like no hedging...
No hedging and FIFO are stupid... I don't understand how a company can tell me I have to sell what I own in a certain order... If it's mine I should be able to sell it however I want. These rules are put in place because too many bankers WEREN'T making enough money... and we can't have that...

Sorry, NFA = Destruction of Forex in USA. If somethings not done about the NFA now, they will make it so you can't even trade forex in the USA without jumping through hoops like a circus lion, all to protect "the stupid investor"...

And we are currently waiting for our latest version that has a few of the major bugs fixed, this will allow us to hopefully test it to it's full potential.

Thanks everyone.
  • #166
  • Oct 9, 2009 1:50pm Oct 9, 2009 1:50pm
Quoting buffalopip
A meddler ...lol....
At the very least, get your facts straight . . . I never said you were a "meddler". I said you were a misinformed meddler. Viva la diferencia.

Quoting buffalopip
You see , there is also a bigger picture ,this is a Living for a lot of people , including myself . Where we learn something to help improve or trading skills....Then out of nowhere the idea of learning and helping is gone like a puff of smoke on a windy day...
Here I have to give you high marks for honesty. For you, the "bigger picture" isn't Pharoah, who said he is "physically and emotionally drained" right now, but rather for what's to be gained by you and others if Pharoah continues regardless of his frame of mind. That's brutal honesty at its best.

Quoting buffalopip
It's a shame . How one person or more than one person can ruine a good thread and feel proud for doing it , at someone elses expense , even if a Sorry was put in there after the fact . What was said is done with ... hard to take it back .... it will always be there ......
Now, here's why I stick to my opinion that you're a misinformed meddler. How do you have any idea what my frame of mind is or was? And, yet somehow you are able to intuit that I "feel proud"? That's a pretty amazing gift, even if it's totally inaccurate.

I will agree that once something is said, it's "hard to take back". That works both ways, doesn't it? Now, I "feel proud" to say that I'm done with this conversation, and won't be spending any more time on this subject. If you read the posts, you already know that Pharoah said he plans to continue to post and contribute. So, your "bigger picture" may still come true. Good luck.
Greetings from Guanajuato, Mexico
  • #167
  • Oct 9, 2009 5:08pm Oct 9, 2009 5:08pm
As promised I am updating everyone on our progress.

Beta Version 1.3.03

We have now ironed out the major bugs that have been infecting the EA, some minor ones still exist I'm sure and we are in the process of tracking them down and squashing them.

I have requested to include a few additional parameters that I believe will powercharge Banker Buster, but only time will tell.

Once these additions have been made, and preliminary bug testing is done, we will be looking to include a small number of backtesters to assist in tweaking the EA's parameters for various brokers. Once those backtests are done and we've determined the best parameters based on historical data, we will then run the EA on multiple Demo accounts to verify the EA's functionality is as expected. Once we have verified the EA's integrity we will then be releasing it to the public in a discretionary manner.

Thanks
Pharoah
  • #168
  • Oct 9, 2009 6:59pm Oct 9, 2009 6:59pm
do you guys ever look at the bigger picture and use it to make decisions on wether or not to use your system for the week, or are we ignoring that completely? FOR EXAMPLE: I attached a daily chart showing that we are going sideways right now on a 50% fibo retracement.


Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.gif Size: 19 KB
Many choose unhappiness over uncertainty.
  • #169
  • Oct 9, 2009 7:13pm Oct 9, 2009 7:13pm
Quoting Dan Gilbert
do you guys ever look at the bigger picture and use it to make decisions on wether or not to use your system for the week, or are we ignoring that completely? FOR EXAMPLE: I attached a daily chart showing that we are going sideways right now on a 50% fibo retracement.


Thoughts?
We have been ignoring that due to the particular technique we are employing, which will be included in the next version of the beta for testing, which as shown in the previous image is designed to essentially move where the market moves, and catch pips along the way.

I don't suspect we will be employing any forms of filters because of the expected low DD rate. However, this does not mean we will not employ other filters in the future.

Our current results show a 4000% ROI over 3 years (Jan 2007-current date) with a drawdown under 30%, and it's only improving. Currently, I see no reason to employ any other filters.

Also, I noted this same point (50% fib) as a super S&R that has been in existance since at least 1994
  • #170
  • Oct 9, 2009 7:33pm Oct 9, 2009 7:33pm
Quoting Pharoah
Our current results show a 4000% ROI over 3 years (Jan 2007-current date) with a drawdown under 30%, and it's only improving. Currently, I see no reason to employ any other filters.
...and people tell me there's no such thing as a get rich quick system .

very nice job so far. This breakout stuff is very interesting and can be applied to many different pairs. I'm very new to forex but I find the opener on days/weeks are the most vital.


edit: I'm just trying to identify trends and make my buy stop/sell stop on my breakout boxes in favor of the trend....
Many choose unhappiness over uncertainty.
  • #171
  • Oct 9, 2009 7:38pm Oct 9, 2009 7:38pm
Quoting Dan Gilbert
...and people tell me there's no such thing as a get rich quick system .

very nice job so far. This breakout stuff is very interesting and can be applied to many different pairs. I'm very new to forex but I find the opener on days/weeks are the most vital.


edit: I'm just trying to identify trends and make my buy stop/sell stop on my breakout boxes in favor of the trend....
With some pairs this is true, but this particular system is designed to hunt out S&R and pivot points, and take complete advantage of them. I suspect that this system will be able to be applied to all pairs, and other forms if financial instruments such as gold, silver, and oil.

This system will be proof that it doesn't matter how or when you enter the market, it's all about managing a trade, and finding a way to work once the trade has closed out.

I honestly don't understand why nobody's thought if moving a box to "hunt" S&R and pivot points. All of the greatest systems of all time rely entirely on S&R or Pivots, or both, I've just found a way for it to be easy.

Is this a Breakout system? Yes... yes it is. Is this a traditional Breakout System? No... it most certainly is not. If I'm not mistaken (which I could be) this is the first breakout system to employ what I've called "BoxTrail".
  • #172
  • Oct 9, 2009 7:45pm Oct 9, 2009 7:45pm
Quoting Pharoah
With some pairs this is true, but this particular system is designed to hunt out S&R and pivot points, and take complete advantage of them. I suspect that this system will be able to be applied to all pairs, and other forms if financial instruments such as gold, silver, and oil.

This system will be proof that it doesn't matter how or when you enter the market, it's all about managing a trade, and finding a way to work once the trade has closed out.

I honestly don't understand why nobody's thought if moving a box to "hunt" S&R and pivot points....
So I assume that you're applying your continuation-techniques on the candle that stopped you out in your new and improved methods of this system? i think this can be applied to many things, like you just said... realistically you could stick a breakout box anywhere and start your trading from that point. And even adjust it to work on different time-frames....
Many choose unhappiness over uncertainty.
  • #173
  • Oct 9, 2009 7:50pm Oct 9, 2009 7:50pm
Quoting Dan Gilbert
So I assume that you're applying your continuation-techniques on the candle that stopped you out in your new and improved methods of this system? i think this can be applied to many things, like you just said... realistically you could stick a breakout box anywhere and start your trading from that point. And even adjust it to work on different time-frames....
When a trade gets closed out, and the bar that closed the trade has finished forming, apply the box to the close of that bar.

And yes, technically it could work that way with proper trade management, This is what we are looking into with our tests.
  • #174
  • Oct 9, 2009 8:00pm Oct 9, 2009 8:00pm
Quoting Dan Gilbert
...and people tell me there's no such thing as a get rich quick system .
I wouldn't say it's that lol, backtests are all well and good, but they don't predict future market conditions, they only give us a good idea of how to handle various conditions. Maybe this will be the holy grail, maybe it won't.. I'm leaning more towards won't, because there is no holy grail (but still, I'd shit if it was)

There are some systems out there that can have a ROI as high or higher than this system is expected to have. But those are kept secret.

Will this system be profitable? I have very good reason to believe so. Will this system last the long haul? I suspect so, but can't guarantee that it will. Only time can tell that.
  • #175
  • Oct 9, 2009 8:11pm Oct 9, 2009 8:11pm
Quoting Pharoah
I wouldn't say it's that lol, backtests are all well and good, but they don't predict future market conditions, they only give us a good idea of how to handle various conditions. Maybe this will be the holy grail, maybe it won't.. I'm leaning more towards won't, because there is no holy grail (but still, I'd shit if it was)

There are some systems out there that can have a ROI as high or higher than this system is expected to have. But those are kept secret.

Will this system be profitable? I have very good reason to believe so. Will this system...

The thing I'm trying to figure out, is how to apply the breakout boxes to different currency's, based on their own volatility. Probably just something you need to become accustomed to with certain pairs as you learn to trade them. But the +50/-50 (or now, +70/-70) box is based on backtesting, not future testing . There should be a forum on FF for the creation of time-travel machine....
Many choose unhappiness over uncertainty.
  • #176
  • Oct 9, 2009 8:15pm Oct 9, 2009 8:15pm
Quoting Dan Gilbert
The thing I'm trying to figure out, is how to apply the breakout boxes to different currency's, based on their own volatility. Probably just something you need to become accustomed to with certain pairs as you learn to trade them. But the +50/-50 (or now, +70/-70) box is based on backtesting, not future testing . There should be a forum on FF for the creation of time-travel machine....
Lol, wouldn't that be nice.

The box size is still in question as well, so far, the best results I have gotten were from a box far smaller than that.
  • #177
  • Oct 9, 2009 8:18pm Oct 9, 2009 8:18pm
Pharoah,

back in full force I notice, but dont forget the balance

did you test the ROI on the worst ranging years since 2000 and if so what are the numbers year by year?

thanks
  • #178
  • Oct 9, 2009 8:18pm Oct 9, 2009 8:18pm
Quoting Pharoah
Lol, wouldn't that be nice.

The box size is still in question as well, so far, the best results I have gotten were from a box far smaller than that.
and are the trailing stops tighter too then?
Many choose unhappiness over uncertainty.
  • #179
  • Oct 9, 2009 8:27pm Oct 9, 2009 8:27pm
Quoting Dan Gilbert
and are the trailing stops tighter too then?
Nope, for the most part everything else is still the same. We are messing with trailing stop values and MA properties as well as hard stop values, for example, if the Red MA is 100+ pips from BE when a trade is triggered.. well... that's too much, so we have a hard stop put in place at 100 pips until the MA passes over it. This is not an exact figure, and is still in testing, but this is an example.

I do suspect however that this may turn into an EA only system, as the manual version of this system requires you to update things once every 4 hours, constantly, otherwise it could mess up the entire system for finding it's proper S&R points due to closing on the wrong bars because of lack of updated SL.
  • #180
  • Oct 9, 2009 8:48pm Oct 9, 2009 8:48pm
Quoting Pharoah
Nope, for the most part everything else is still the same. We are messing with trailing stop values and MA properties as well as hard stop values, for example, if the Red MA is 100+ pips from BE when a trade is triggered.. well... that's too much, so we have a hard stop put in place at 100 pips until the MA passes over it. This is not an exact figure, and is still in testing, but this is an example.

I do suspect however that this may turn into an EA only system, as the manual version of this system requires you to update things once every 4 hours,...

I just realized if the breakout box is smaller, and your trade fails and retraces to a TSL, your loss is less because you were pulling the S/L up sooner because you entered the trade sooner.... (I hope that makes some kind of sense... )
Many choose unhappiness over uncertainty.
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