STARC Bands Trading Systems | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Top 100 best Trading Systems: post good Trading Systems here 62 replies

Are the best systems also the systems that fail most spectacularly? 55 replies

Please help with MT4 , Bollinger Bands , Starc Bands generating bad signals 1 reply

Systems, Systems and Systems... 1 reply

STARC 0 replies

Attachments: STARC Bands Trading Systems
Exit Attachments

STARC Bands Trading Systems

  • #81
  • Oct 21, 2010 5:55am Oct 21, 2010 5:55am
Quoting astral77
Hi

This dashboard only uses RSI to find the trend, whereas BB Squeeze indicator uses Stoch, CCI as well as RSI. Having said that, professional traders such as Scooby only use RSI to indicate the trend, however, if your strategy works using RSI dashboard, then fair enough we have nothing to lose. Can test your theory using this dashboard while we are waiting for Kenny to finish BOL_Starc.

I have few hours of free time tomorrow, so if you wish you can post your idea here and I can test it as well and who knows maybe some other people would...
Hi
You have a package…...
  • #82
  • Oct 24, 2010 6:14pm Oct 24, 2010 6:14pm
Hi Guys

I still have Steve`s STARC EA running and the results were pleasantly surprising. Have a look for yourself, last week 22 trades of which 20 were profitable, the 2 losing trades were GBPUSD, therefore for this week I am deleting this pair from trading. The proft was $29.49 using 0.01 lots, the loss from the two GBPUSD trades was $-24.00, so if we ignoe the cable the profit is nearly 500 pips.

This is quite amazing from a EA which was never revised or refined. Some time ago Bluemele and I were discussing how to refine this EA. Bluemele suggested that in case of losing trade the EA should ignore new signals till price hits the middle STARC band. I differed slightly because it looked to me in visual back testing waiting for the price to hit the opposite (higher or lower) band would be a safer option. On further visual back testing it seems user defined option of ignoring the next x number of candles after a losing trade, may be just as effective.

So STEVE if you are reading this by any chance and if you have any time I would be grateful if you could amend the EA in the above manner if it is not too much trouble.

Kind Regards
Attached File(s)
File Type: xls Steve`s starc EA 15 to 22 oct.xls   22 KB | 555 downloads
  • #83
  • Oct 24, 2010 6:57pm Oct 24, 2010 6:57pm
Quoting astral77
Hi Guys

I still have Steve`s STARC EA running and the results were pleasantly surprising. Have a look for yourself, last week 22 trades of which 20 were profitable, the 2 losing trades were GBPUSD, therefore for this week I am deleting this pair from trading. The proft was $29.49 using 0.01 lots, the loss from the two GBPUSD trades was $-24.00, so if we ignoe the cable the profit is nearly 500 pips.

This is quite amazing from a EA which was never revised or refined. Some time ago Bluemele and I were discussing how to refine this EA. Bluemele suggested...
I have this thread on notification so I am aware of new posts.

I code about 5 robots a week, so you can imagine that it is impossible for me to have them all on demo. I rely on those for whom I code a robot to report back when it looks as though it might have some legs.

So, if you and blue can come to an accommodation about what to do after a loosing trade, I will try to code it. Send me a pm and let me know what you want me to do.



  • #84
  • Oct 24, 2010 7:00pm Oct 24, 2010 7:00pm
Quoting SteveHopwood
I have this thread on notification so I am aware of new posts.I code about 5 robots a week, so you can imagine that it is impossible for me to have them all on demo. I rely on those for whom I code a robot to report back when it looks as though it might have some legs.
So, if you and blue can come to an accommodation about what to do after a loosing trade, I will try to code it. Send me a pm and let me know what you want me to do.
Many thanks Steve, we are much obliged to you. I will consult with Bluemele and get back to you.

Thanks once again.
  • #85
  • Oct 25, 2010 2:41pm Oct 25, 2010 2:41pm
Quoting SteveHopwood
I have this thread on notification so I am aware of new posts.

I code about 5 robots a week, so you can imagine that it is impossible for me to have them all on demo. I rely on those for whom I code a robot to report back when it looks as though it might have some legs.

So, if you and blue can come to an accommodation about what to do after a loosing trade, I will try to code it. Send me a pm and let me know what you want me to do.



Steve is a freak ^^
Hero calls followed by margin calls...
  • #86
  • Oct 25, 2010 6:47pm Oct 25, 2010 6:47pm
Quoting PhAnTi'
Steve is a freak
Jonas,

My friend a word of advice. Sometimes when you translate a word from your language to another language you have to be careful that it does not have a negative meaning. Fortunately we all know what you meant by "Freak", that is something like amazing, extraordinary, fantastic, etc. However, freak is not a good word and it is not used to compliment someone (it has a meaning such as weird, perverted, etc). English is not my mother tongue so I understand the dilemma.

Kind Regards
  • #87
  • Nov 1, 2010 5:25am Nov 1, 2010 5:25am
This EA keeps surprising me in the nicest possible way. This week was a difficult week for all the EAs, however, this EA plus Steve`s BEAST and FLTR came through with flying colours. The funny thing is that all my observations (for what it is worth) indicate that this is a losing strategy but the EA has other ideas. I did mention before I have the SL and TP multiplier on x5 and I have the mptm on as well.

Bluemele seems to have taken a break from ff and he was the person who originally came up with the concept. We did discuss some changes to the EA before but I can not get hold of him for the time being. I know Steve has very kindly indicated that he can make changes once we are in agreement as to what they should entail, however, I have too much respect for Steve`s time to ask him to make some changes now, which Bluemele may want altered in the near future.

In the meantime, the STARC BB cross looks more and more attractive to me (in particular with additional filter of Steve`s mtf RSI dashboard indicator EA). Unfortunately, I have not had few hours of free time during the day to trade this manually and produce some results to convince others of the merits of this approach.

Kind Regards
Attached File(s)
File Type: xls STARC SteveHopwood we1nov.xls   30 KB | 557 downloads
  • #88
  • Nov 1, 2010 10:51am Nov 1, 2010 10:51am
Hi

Brijon has posted links to a good basic free forex course in his 3MW site and many people may find it beneficial. You can find it here http://www.forexfactory.com/showthre...242404&page=53

Kind Regards
  • #89
  • Nov 10, 2010 7:42pm Nov 10, 2010 7:42pm
Hi

I have been studying various historical charts and have spotted a method which whilst very simple can be quite productive. As you know the trend catcher method required the Bollinger bands to be inside the starc prior to the cross and with an appropriate signal from the RSI-TC indicator. The premise being that after a ranging period the breakout of the BB would be more substantial.

The fact that after BB narrowing a break was inevitable was discussed in other threads a number of times. The only snag was determination of the direction of the break. IMHO with Starc we can determine the direction of the break. Have a look at the charts attached, you can see the breaks after narrowing of the BB is marked by the arrows. I have tested this method very extensively and what I have discovered is that the breaks in the direction of the trend have much higher win rates. What I used to determine the trend direction is the very useful MTF RSI indicator developed for the law girl thread / method.

STARC is not some magical indicator as BOB quite rightly pointed out it is basically a moving average (the central band) with a user defined ATR bands above and below the central MA band. If we can eventually get an EA / indicator for this method then we can fine tune the strategy further in order to ensure its viability. In the meantime I would welcome more tests and experiments by other members of the FF.

Kind Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd to 20 oct starc bb.gif Size: 33 KB
Click to Enlarge Name: eurusd to 26 oct starc bb.gif Size: 37 KB
  • #90
  • Edited Nov 26, 2010 3:20am Nov 25, 2010 10:38pm | Edited Nov 26, 2010 3:20am
Instead of using a trend filter you could use the money flow index and only alow trades if MFI is above 50. Seems to filter the bad trades quite nicely here on renko charts. It would have the advantage of eliminating all the bad trades, not just most of them. But it doesn't seem to work so well on time charts.

EDIT: not on H1 but seems to filter bad trades with a value of 50 on M15. Unfortunately it also filters some good trades. Perhaps this is only a good idea on renko.

Another idea would be to use an indicator like labtrend, neurotrend or heikenashima on a lower time frame. That one really seems to be working.
  • #91
  • Nov 4, 2012 9:51am Nov 4, 2012 9:51am
anyone using STARC ?
  • #92
  • Dec 19, 2012 1:42am Dec 19, 2012 1:42am
Quoting pbx06
anyone using STARC ?
I just learnt about this indicator today, I was following the threat but somehow peolpe stop posting

Pity because it looks so promissing
  • #93
  • Feb 2, 2013 7:43am Feb 2, 2013 7:43am
Hi,

Where did all the enthousiasm go...?

Regards,

Ben
  • #94
  • Jan 24, 2014 4:34am Jan 24, 2014 4:34am
Is anyone interested in rekindling this thread, I've been trading this system for a while now and would welcome all input.
  • #95
  • Jun 15, 2014 6:49am Jun 15, 2014 6:49am
Quoting saidtomuch
Is anyone interested in rekindling this thread, I've been trading this system for a while now and would welcome all input.
yes I made some modifications. News trading, donchian indi and this http://www.forexfactory.com/showthre...478671&page=28
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #96
  • Jun 16, 2014 1:10pm Jun 16, 2014 1:10pm
do you happen to have the ex4 versions of your indicators?
##STARC Bands.mq4 and the bb's
What would you do if you knew you could not fail?
  • #97
  • Last Post: Aug 19, 2017 1:05am Aug 19, 2017 1:05am
Hi, somebody has a Starc bands indicator with alert?
0 traders viewing now