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STARC Bands Trading Systems

  • #21
  • Oct 11, 2010 6:07am Oct 11, 2010 6:07am
Quoting TraderHotch
I was unaware of STARC bands and had made my own indicator doing the exact same thing.

I however was looking at buying breaks as opposed to selling them. Will watch with interest and contribute when I can, am quite busy unfortunately. I very much like the theory of the indicator, should be able to show moves which are abnormal.
They have been around for some time. I know you are busy (we are all in the same boat), almost 99% of traders in FF are working full time and trade in their spare time. However, if you do have some time free please do try the set ups on demo and let us know what system you are using.

Kind Regards
  • #22
  • Oct 11, 2010 6:31am Oct 11, 2010 6:31am
Oh I guessed someone had come up with it, it's quite an obvious thought, I just couldn't find anything when I searched.

Most of the time the settings I used was a 21 EMA with +/- 3*21 ATR.

I look for breaks on large bars, stops at the low, SAR on opposite signals. It's pretty basic really.

I'm not sure if it's any better/worse than trading manually, but I was really looking at it with an eye towards automation.
  • #23
  • Edited 8:03am Oct 11, 2010 7:26am | Edited 8:03am
I mainly trade nanningbob`s system and we came across this indicator there and thought it may have possibilities. I am currently testing STARC BB combination for that system to see if it is a suitable indicator to keep us out of prolonged runners (trends). Bluemele`s EA and his research is more in line of using STARC on its own. If you follow the investopedia link in page 1 you can read a simple STARC-STOCH combination system. Having done a lot of chart gazing I see possibilities for a simple STARC-BB-STOCH system. If you are interested E2U found the following sites for applications of this indicator.
http://www.forex-tsd.com/general-dis...-system-4.html
http://www.forex-tsd.com/indicators-...arc-bands.html
http://indo-investasi.com/showthread...ollinger-Bands
At present we desperately need a coder to automate some of the possibilities identified in order to see if they have any merits. Bluemele has created the TOPGUN EA, however, he is very busy and can not devote more of his limited time to this. We keep our fingers cross.

Kind regards
P.S. I have been testing this indicator (BollStarc-TC_Sig.mq4 ) with various RENKO charts today and the results are very encouraging. If there are any coders out there who can write a very simple EA for this indicator we can run vigorous test on it. No need for TP/ SL setting we can use mptm for that.
  • #24
  • Oct 11, 2010 10:31am Oct 11, 2010 10:31am
Quoting astral77
[font=Calibri][size=3]I mainly trade nanningbob`s system and we came across this indicator there and thought it may have possibilities. I am currently testing STARC BB combination for that system to see if it is a suitable indicator to keep us out of prolonged runners (trends). Bluemele`s EA and his research is more in line of using STARC on its own. If you follow the investopedia link in page 1 you can read a simple STARC-STOCH combination system. Having done a lot of chart gazing I see possibilities for a simple STARC-BB-STOCH system. If you are...
I noticed that the first indicator on post #1 has a shift=1, but the last 2 indicators you listed have a shift=0. Which is correct?
  • #25
  • Edited 11:34am Oct 11, 2010 10:48am | Edited 11:34am
Quoting cuddlebum
I noticed that the first indicator on post #1 has a shift=1, but the last 2 indicators you listed have a shift=0. Which is correct?
Hi

The default for the STARC indicator is:
MA_Period=6;
extern int ATR_Period=25;
extern double KATR=2;
extern int Shift=1;

HOWEVER, we have chosen the following settings for our tests (as advised by Bluemele):
MA_Period=5;
extern int ATR_Period=15;
extern double KATR=1.33 for conservative or 0.88 for aggressive;
extern int Shift=0;

Moreover, the BB-STARC indicators have 0 shift as default. I suggest you play around with the settings on your charts and see which setting you prefer (aggressive Vs. Conservative). The consensus is that one of the advantages of STARC is that it does not repaint and it has very little adjustment, therefore, looking at previous periods should give you good idea of the effect of the different settings. One word of caution regarding BB-STARC SIGNALS indicator, I have noticed that the arrows are lagging a bit so trust your eyes for BB-STARC crosses and not the arrows.

Kind regards
P.S. just to demonstrate the unreliable arrows I have attached this RENKO chart with yellow ticks where crosses did happen but no arrows.
Attached Image (click to enlarge)
Click to Enlarge Name: starc bb renko 20.gif Size: 26 KB
  • #26
  • Oct 11, 2010 2:41pm Oct 11, 2010 2:41pm
Quoting astral77
[font=Calibri][size=3]I mainly trade nanningbob`s system and we came across this indicator there and thought it may have possibilities. I am currently testing STARC BB combination for that system to see if it is a suitable indicator to keep us out of prolonged runners (trends). Bluemele`s EA and his research is more in line of using STARC on its own. If you follow the investopedia link in page 1 you can read a simple STARC-STOCH combination system. Having done a lot of chart gazing I see possibilities for a simple STARC-BB-STOCH system. If you are...
It is nice to know MPTM settings because then you can backtest. I know some aren't a fan of backtesting, but I am as I think it lays out quickly if you have something that works this week, or something that generally works over the last 10 years...
We are our own best indicator.
  • #27
  • Oct 11, 2010 6:01pm Oct 11, 2010 6:01pm
Hi everyone, Astral asked me for an opinion on the starc/bb/stoch system as applied to renko charts. I have previously looked at bb & starc as individual indicators with renko & not found anything to be worth pursuing from my own perspective. Putting them together obviously produces a system - it still produces problem of runners like all others !

Putting starc/bb with stochs (I have used 5,3,3) I think is better. I can only reiterate that in terms of use with renko I would strongly recommend only enter (when your system signals say so) on the close of a bar in the direction of your trade. One of the big benefits with renko is that it allows you to do this as opposed to entry on TF charts where to wait for close can mean the move is done & dusted.

Not sure if above is of any assistance - I am no expert on renko, just familiar with some of its foibles after trading it on demo & live for a period of time.

Good luck with the strategy guys.
  • #28
  • Oct 11, 2010 6:15pm Oct 11, 2010 6:15pm
Quoting astral77
Hi

The default for the STARC indicator is:
MA_Period=6;
extern int ATR_Period=25;
extern double KATR=2;
extern int Shift=1;

HOWEVER, we have chosen the following settings for our tests (as advised by Bluemele):
MA_Period=5;
extern int ATR_Period=15;
extern double KATR=1.33 for conservative or 0.88 for aggressive;
extern int Shift=0;

Moreover, the BB-STARC indicators have...

I have noticed that the arrows do not always form when there is a cross. Is that true?
  • #29
  • Oct 11, 2010 6:46pm Oct 11, 2010 6:46pm
Quoting pipsta1
Hi everyone, Astral asked me for an opinion on the starc/bb/stoch system as applied to renko charts...Putting starc/bb with stochs (I have used 5,3,3) I think is better. I can only reiterate that in terms of use with renko I would strongly recommend only enter (when your system signals say so) on the close of a bar in the direction of your trade. One of the big benefits with renko is that it allows you to do this as opposed to entry on TF charts where to wait for close can mean the move is done & dusted...Good luck with the strategy guys.
Much obliged for input, it is very useful. I had tried STOCH but not with the settings you suggested. We will give it a try and see how it goes. Some people such as ESTRADER trade renko with very good success rates, he even managed to avoid the runners in NB system. This is the reason I thought of renko for consideration in any STARC system. This is very much a R&D thread we may be onto something or nothing may come of it. Most grateful for your comments.

Kind Regards
  • #30
  • Oct 11, 2010 6:49pm Oct 11, 2010 6:49pm
Quoting cuddlebum
I have noticed that the arrows do not always form when there is a cross. Is that true?
Yes it is true it misses some good signals. A Design fault I suspect.

Kind Regards
  • #31
  • Oct 12, 2010 7:01am Oct 12, 2010 7:01am
Hi BLUE

I do not know what is wrong with my vps or the terminal because the mt4 that I have TOPGUN demo on crashes. After restoring I have noticed that some trades have been closed with -ve TP. I do not know if this is due to the crash or due to movement of the middle band!

On a different subject I have found this document describing a variation of STARC BB system from AKUMA99 thread from 2006 http://www.forexfactory.com/attachme...tid=7009&d=Jul 5, 2006 9:34am . It may be of interest.

Kind regards
  • #32
  • Oct 12, 2010 7:48am Oct 12, 2010 7:48am
Quoting astral77
Hi BLUE

I do not know what is wrong with my vps or the terminal because the mt4 that I have TOPGUN demo on crashes. After restoring I have noticed that some trades have been closed with -ve TP. I do not know if this is due to the crash or due to movement of the middle band!

On a different subject I have found this document describing a variation of STARC BB system from AKUMA99 thread from 2006 http://www.forexfactory.com/attachme...tid=7009&d=Jul 5, 2006 9:34am . It may be of interest.

Kind regards
I had to restart my computer when I got up this morning Everything was blocked. I don't know where the limit is but I have 4 Metatrader open at the same time.
Maybe it is something in TopGun witch make it. I don't have any indicators and EAs more than I need in the Metatraders.
  • #33
  • Oct 12, 2010 9:14am Oct 12, 2010 9:14am
I found something. I moved Max EA to another computer and my IMac is like a Mercedes again.
  • #34
  • Oct 12, 2010 9:31am Oct 12, 2010 9:31am
Quoting E2u
I found something. I moved Max EA to another computer and my IMac is like a Mercedes again.
These EAs are very cpu intensive, especially when we have 20+ charts open on each platform. If you are running Max`s EA do ensure you have "master EA" running on a different chart as well. He designed the master EA to reduce cpu consumption.

Kind regards
  • #35
  • Oct 12, 2010 7:35pm Oct 12, 2010 7:35pm
HI

I have been visual testing the BB STARC cross in renko and looks very promising indeed. I wonder if anyone reading this knows of someone who can code a simple cross EA so we can demo the setup and ease of backtest. I know the first name which comes to mind is STEVE. But I Know he is very busy at present and I feel guilty even thinking of asking him. The Renko EA I use does not allow 5, 15, 30 min etc, TF so I can not run it on the strategy tester. Unless someone has a solution.

It has not been a good day for Top Gun a few losses I do not know if it is due to my mt4 crashing or something else.

Kind Regards
  • #36
  • Oct 12, 2010 7:44pm Oct 12, 2010 7:44pm
Quoting E2u
I found something. I moved Max EA to another computer and my IMac is like a Mercedes again.
Download his latest.
We are our own best indicator.
  • #37
  • Oct 12, 2010 7:46pm Oct 12, 2010 7:46pm
Quoting astral77
HI

I have been visual testing the BB STARC cross in renko and looks very promising indeed. I wonder if anyone reading this knows of someone who can code a simple cross EA so we can demo the setup and ease of backtest. I know the first name which comes to mind is STEVE. But I Know he is very busy at present and I feel guilty even thinking of asking him. The Renko EA I use does not allow 5, 15, 30 min etc, TF so I can not run it on the strategy tester. Unless someone has a solution.

It has not been a good day for Top Gun a few losses I do not...
Top Gun is very bare. It is a concept, and it needs tweaking. Like I said, I want to take a break on the coding as other parts of my life need some attention.

Why don't you keep at it manually off/on and see what you come up with. That is what I am doing.

Bob's latest with the TMA is so easy to code, but my initial tests haven't been super profitable yet... I will probably build that EA first.
We are our own best indicator.
  • #38
  • Oct 12, 2010 9:15pm Oct 12, 2010 9:15pm
Quoting bluemele
Top Gun is very bare. It is a concept, and it needs tweaking. Like I said, I want to take a break on the coding as other parts of my life need some attention...
Hi

I know my friend, you must look after your affairs first and forex should come second. I was not implying that you should code, since from our other posts I knew you had your hands full. I will carry on with this till we come to a firm conclusion and if we are 100% certain we are on to something with real potential then we can ask others for help. At present I am reluctant to do that. It would be nice to go back to Bob with a really meaningful contribution.

Kind Regards
  • #39
  • Oct 13, 2010 8:58pm Oct 13, 2010 8:58pm
Quoting cuddlebum
I have noticed that the arrows do not always form when there is a cross. Is that true?
Hi

Please do forgive me for incorrect initial response to your query. The rules for the system this indicator was designed for states that you take the trade when BB breaks above or below Starc providing there is a BB squeeze beforehand, that is the reason for arrows not appearing for some crosses.

On a different note I have been using the LFH strategy tester to see if the BB-Starc crosses are subject to repaints or adjustments and I am very satisfied that this is not the case. I have looked at AUDUSD, EURUSD and EURJPY for the last 18 months and the win/loss ratio seems to be very good indeed. My Renko EA does not allow M5 or M15 TF so I can not have a look at renko. If anyone knows a way to backtest renko charts please let me know.

Kind Regards
  • #40
  • Oct 15, 2010 10:52am Oct 15, 2010 10:52am
Please find attached results for Steve Hopwood`s STARC EA for this week. As you can see we managed break even (this is H4 TF), which under normal circumstances would have been a dismal performance, however, I think for an experimental EA which did not have any modification or improvements since its creation it is a fantastic result (IMHO anyway). Please note I have published the results in excel since I have other demos on the same account.

On a different note, someone mentioned that they had 2 VPS accounts, one for demo and another one for live. I think I seriously have to consider that, I am paying $280 per year for my VPS (20 gig hard, 2gig RAM, 30% share of CPU) and I can run around 7 mt4 platforms each having 20 charts open. They have another package for $180 per year for half the allowance. I may take that one for my demo. We are so fortunate to have so many good systems and EAs to work with and these are exciting times indeed. All of this is mainly due to the efforts of one piano playing Yorkshire man. God Bless Him.

Kind Regards
Attached File(s)
File Type: xls STARC Steve Hopwood results weekending 15 oct 2010.xls   27 KB | 578 downloads
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