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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #181
  • Dec 26, 2010 4:07pm Dec 26, 2010 4:07pm
here is an article which supports dreamliners devision of the range bars for risk reward clearly shown its for e minis and the forex interesting some points may help beginners understand dreamliners great ideas

BUT GOOD READING OVER THE XMAS BREAK

from BRIAN
Attached File(s)
File Type: pdf TradingEmini_com%20-%20Pro-Trading%20-%20Revelations%20of%20a%2015%20Year%20Trading%20Veteran.pdf   789 KB | 2,253 downloads
  • #182
  • Dec 26, 2010 5:24pm Dec 26, 2010 5:24pm
just saw altered around for testing but see they are predictive if twiiged corectly unfortunaly i had to redo colors of arrows

just noticed on screen snap shot
  • #183
  • Dec 26, 2010 5:28pm Dec 26, 2010 5:28pm
sorry blue arrows long red lines vertical short trend prediction blue long future predictions
Attached Image (click to enlarge)
Click to Enlarge Name: correct colors and lines.jpg Size: 153 KB
  • #184
  • Dec 26, 2010 8:47pm Dec 26, 2010 8:47pm
JDB, thank you for running this test. I am confused about the results though. Many targets you show are from 10-20, but this can't be possible with the method I'm describing. I think what your test shows is that you did not put in a maximum pip range for the trade, only a minimum. This is probably because I have not described the system clearly enough. Let me try to do so:

When the market drops 20 (actually 17-25) it triggers us to put on a buy stop order at the open of the bar. However, we also put a trigger to let us know if the market drops beyond our 20 trigger to 25. If it does drop to 25 we cancel our buy order because our reward/risk would not be acceptable below 25.

It was clear to me that you did not put this maximum drop in, because there were some take profits of 10 pips. This means that the market dropped 40 pips then came up to the open and went to take profit of 10 pips when the bar closed.

So we must have not only a minimum drop (or rise) of 20 (I'm using 17) but also a maximum drop (or rise) of 25. Granted this limits our number of trades we will take, but it keeps our R:R in an acceptable range.

I hope this is clearer.

Quoting JdD
On attached xls file, the updated results of my Manual BackTesting on December 1st-10th.

GBPUSD
Range Bar: 50 Pips
SL: 20 Pips
TP: Close Range Bar
Trigger Pending Order: Open Price + - 20 Pips.

Summary:

Range Bar Analized: 54
No Trades: 28
Quantity of Trades: 26
Winning Trades / Pips: 14 / 288 Pips
Losing Trades / Pips: 12 / -240
Pips Benefit: + 48 Pips

By now, the results are worse than I expected.

No spread considered.

Greetings.


JdD
  • #185
  • Dec 26, 2010 9:14pm Dec 26, 2010 9:14pm
Quoting brijon
It works on range bars only need to twigg (big job) lines to range bars eg 50 pip ect

so one can if pattern exist se past and projet it forwood

apply signal arrows ect

but its an idea only

present only on lsma projection done for eurusd

just a project ive been looking at for lsma but might be good for range bars

from brian
WHAT THE POINT MAN---
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #186
  • Dec 26, 2010 9:21pm Dec 26, 2010 9:21pm
Quoting jdd
on attached xls file, the updated results of my manual backtesting on december 1st-10th.

Gbpusd
range bar: 50 pips
sl: 20 pips
tp: Close range bar
trigger pending order: Open price + - 20 pips.

Summary:

Range bar analized: 54
no trades: 28
quantity of trades: 26
winning trades / pips: 14 / 288 pips
losing trades / pips: 12 / -240
pips benefit: + 48 pips

by now, the results are worse than i expected.

No spread considered.

Greetings.


Jdd
dead wrong-- my manually back test from december 1st to december 8 (only 1 bar on the 8th more bars to do)
i have --
11 trades -- 10 win 1 loss all tp are minimum 20 pips -- 200 pips in 10 bars --- one one want to do what i am doing so there result are not accurate
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #187
  • Dec 26, 2010 9:27pm Dec 26, 2010 9:27pm
Zamanib, I have figured out how to back test! I've only done 6 bars so far, but all 6 were winners.

The time you see on the range bar is indeed the END time of that bar, not the start time. In order to see when a bar started, put your cursor over the previous bar. At least that is the way it is on my chart.

Quoting zamanib
dead wrong-- my manually back test from december 1st to december 8 (only 1 bar on the 8th more bars to do)
i have --
11 trades -- 10 win 1 loss all tp are minimum 20 pips -- 200 pips in 10 bars --- one one want to do what i am doing so there result are not accurate
  • #188
  • Dec 26, 2010 9:35pm Dec 26, 2010 9:35pm
This are the winners-- 1 loss -- from dec 1 -- 8 (more bars to do on the 8)

11 trades 1 loss
Attached Image (click to enlarge)
Click to Enlarge Name: 9.gif Size: 16 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #189
  • Dec 26, 2010 9:40pm Dec 26, 2010 9:40pm
Sell trigger is 15422 almost there
Attached Image (click to enlarge)
Click to Enlarge Name: 9.gif Size: 10 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #190
  • Dec 26, 2010 9:41pm Dec 26, 2010 9:41pm
We are selling at 15402
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #191
  • Dec 26, 2010 10:06pm Dec 26, 2010 10:06pm
zamanib are u sure u have the rules correct?
I thought if price dropped the correct pending order would be a BUY STOP at 422...not a sell.

Dream what is correct here?
forexfusiondotcom
  • #192
  • Dec 26, 2010 10:16pm Dec 26, 2010 10:16pm
Quoting zamanib
we are selling at 15402
this chart will help you -- pending to sell (if price touch 15433 no trade cancel pending)
Attached Image (click to enlarge)
Click to Enlarge Name: 9.gif Size: 12 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #193
  • Dec 26, 2010 10:24pm Dec 26, 2010 10:24pm
ok yes I see that is right, I misunderstood u.
forexfusiondotcom
  • #194
  • Dec 26, 2010 10:26pm Dec 26, 2010 10:26pm
Yes Odysseus, that is correct.

Zamanib, the market drops 20 (17-25) and we place pending BUY orders, not sell. Is this what you are doing? Have you been backtesting it like this?

Quoting odysseus11
zamanib are u sure u have the rules correct?
I thought if price dropped the correct pending order would be a BUY STOP at 422...not a sell.

Dream what is correct here?
  • #195
  • Dec 26, 2010 10:28pm Dec 26, 2010 10:28pm
Ah my bad, you are right Zam, the market went UP 20 pips from open and you placed a sell...you got it right, sorry for the confusion.

Quoting Dreamliner
Yes Odysseus, that is correct.

Zamanib, the market drops 20 (17-25) and we place pending BUY orders, not sell. Is this what you are doing? Have you been backtesting it like this?
  • #196
  • Dec 26, 2010 10:30pm Dec 26, 2010 10:30pm
I'm going to backtest all of November during the coming week, if I have time. Just letting you know so we don't duplicate the backtesting.
  • #197
  • Dec 26, 2010 11:08pm Dec 26, 2010 11:08pm
Here's a wick indicator that will help with the visual setups. I will delete my post if Dreamliner disapproves. I hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: dreamliner.gif Size: 12 KB
Attached File(s)
File Type: mq4 Wick-O-Gram.mq4   3 KB | 419 downloads
  • #198
  • Dec 26, 2010 11:20pm Dec 26, 2010 11:20pm
Quoting brijon
thats the point working together to achieve actual results

not knocking others down to boost egos



quote=zamanib;4266360]WHAT THE POINT MAN---
[/quote]

why I am saying to star your own thread with your own system -- BECAUSE IT IS 2 DIFFERENT SYSTEM -- YOU ARE ONLY CONFUSING US AND OTHERS-

PLEASE OPEN A NEW THREAD -- POST THE INDICATORS -- AND RULES IF IT IS PROFITABLE SYSTEM -- WE WILL ALL SUPPORT YOU-- AND OFCOURSE TEST FOR OURSELVES
I THINK THIS IS FAIR FOR ALL OF US
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #199
  • Dec 26, 2010 11:30pm Dec 26, 2010 11:30pm
Quoting dreamliner
ah my bad, you are right zam, the market went up 20 pips from open and you placed a sell...you got it right, sorry for the confusion.
mummy did not make a dummy (lol)
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #200
  • Dec 26, 2010 11:37pm Dec 26, 2010 11:37pm
Quoting brijon
i have a thread already i recomended otheres here too

ive been posting live trades for a long time sure range trading but

ill sit back and watch i wont interfere but realy it might be good to let some guys contribute positive ideas

till you get the results im sure you will and post them

so im sorry i didnt know this was your thread my mistake

i thought dreamline was the threads originator

from brian

ps if dreamliners wants ill just observe no problem
you still don't get it-- go ahead and post all your system here in this thread -- make a mess of it -- so we can all see how good a trader you are with all you system -- we will sit a digest your systems in this thread--
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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