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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #201
  • Dec 27, 2010 12:33am Dec 27, 2010 12:33am
No trade -- exceed the 30 pips
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #202
  • Dec 27, 2010 1:10am Dec 27, 2010 1:10am
Dream:

I will try to rebacktest my results with the minimum and maximum limits for activating the pending orders.

Thanks.


JdD

Quoting Dreamliner
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...
  • #203
  • Dec 27, 2010 1:11am Dec 27, 2010 1:11am
so far no winners for me on demo. I must be doing it wrong still.
  • #204
  • Dec 27, 2010 1:21am Dec 27, 2010 1:21am
Quoting brijon
if you dont want anybody but you to post thats ok

we can watch your results i want to learn and improve

we all learn from each other i already post heaps of live trades on
my thread , i dont want to confuse you

from brian
How are you improving this system-- I see by rubbing your system is improving this system --- we are not kids here man

if you want to improve this system and this thread please do but dont bring a different system and say u are improving it
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #205
  • Dec 27, 2010 1:50am Dec 27, 2010 1:50am
Quoting tommbstone
so far no winners for me on demo. I must be doing it wrong still.
I don't know if you are "doing it wrong still" or not, but I can tell you that the strategy outlined in this thread does not have an edge.

From post #4:

Quote
Please do a back-test of this method and you will see profitable trades on nearly every bar.

I have done the backtests and can guarantee you will not "see profitable trades on nearly every bar." In fact, you will see a net loss.

But this is just my opinion. There are others who feel this strategy is very profitable. Well, I guess we'll just have to stay tuned to see how it turns out.
  • #206
  • Dec 27, 2010 2:23am Dec 27, 2010 2:23am
Quoting zznbrm
I don't know if you are "doing it wrong still" or not, but I can tell you that the strategy outlined in this thread does not have an edge.

From post #4:



I have done the backtests and can guarantee you will not "see profitable trades on nearly every bar." In fact, you will see a net loss.

But this is just my opinion. There are others who feel this strategy is very profitable. Well, I guess we'll just have to stay tuned to see how it turns out.
I can confirm from my own backtest of the op's original system with original inputs that it is a net loss.

That being said, there are some values that do prove out. For instance (all testing done on futures contracts) GBP 30 pip range bars do better with a 40 pip profit target and 20 pip stop loss than the original 20/10. But 30 pip range bars on GBP aren't the best setting either. And it seems to work better on some currencies other than GBP. I'll let you guys do your own homework but I just wanted to chime in that yes the original system with its original values doesn't have an edge but making some slight modifications to system logic may be a worthwhile exercise. ty dreamliner!
  • #207
  • Dec 27, 2010 2:48am Dec 27, 2010 2:48am
looks like me and dreamliner are the only one seeing positive result-- I HOPE MY BACKTESTING IS CLEAR HOW I DO -- YOU CANNOT POSSIBLE BACK TEST WITH OUT GOING MANUALLY
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #208
  • Dec 27, 2010 4:33am Dec 27, 2010 4:33am
Hi guys nice job!

Lets fwd test and live to see really if it works.
  • #209
  • Dec 27, 2010 5:12am Dec 27, 2010 5:12am
Quoting zamanib
looks like me and dreamliner are the only one seeing positive result-- I HOPE MY BACKTESTING IS CLEAR HOW I DO -- YOU CANNOT POSSIBLE BACK TEST WITH OUT GOING MANUALLY
I also see positive results manually but with 1 difference.
The TP is fixed and not taken by the Close of the bar.

I don't have any XLS file or picture. sorry.
  • #210
  • Dec 27, 2010 7:02am Dec 27, 2010 7:02am
I was wrong to say "you will see profitable trades on nearly every bar." The majority of bars we skip.

Quoting zznbrm
I don't know if you are "doing it wrong still" or not, but I can tell you that the strategy outlined in this thread does not have an edge.

From post #4:



I have done the backtests and can guarantee you will not "see profitable trades on nearly every bar." In fact, you will see a net loss.

But this is just my opinion. There are others who feel this strategy is very profitable. Well, I guess we'll just have to stay tuned to see how it turns out.
  • #211
  • Dec 27, 2010 7:05am Dec 27, 2010 7:05am
Thank you for your comments. We have gone to 50 pip range bars. I have also tested EUR/JPY and EUR/USD with equal success.

Quoting FXEZ
I can confirm from my own backtest of the op's original system with original inputs that it is a net loss.

That being said, there are some values that do prove out. For instance (all testing done on futures contracts) GBP 30 pip range bars do better with a 40 pip profit target and 20 pip stop loss than the original 20/10. But 30 pip range bars on GBP aren't the best setting either. And it seems to work better on some currencies other than GBP. I'll let you guys do your own homework but I just wanted to chime in that yes the original system with...
  • #212
  • Dec 27, 2010 7:06am Dec 27, 2010 7:06am
Can you explain how you are testing? I assume you mean that you are backtesting on a demo account, correct? If so what is your minimum and maximum number of pips to trigger a buy or sell order?

Quoting tommbstone
so far no winners for me on demo. I must be doing it wrong still.
  • #213
  • Dec 27, 2010 7:44am Dec 27, 2010 7:44am
We must test ever 50 pips range bars for backtesting look for example what happen-- look the chart you will see it is not a tradeable bar
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #214
  • Dec 27, 2010 7:45am Dec 27, 2010 7:45am
It was a tradeable bar and it was a loss
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #215
  • Dec 27, 2010 7:50am Dec 27, 2010 7:50am
Zam, on post 238 you say "it was not a tradeable bar", on post 239 you say "it was a tradeable bar, it was a loss." It looks like you are highlighting the exact same bar. I'm confused.

Quoting zamanib
It was a tradeable bar and it was a loss
  • #216
  • Dec 27, 2010 7:58am Dec 27, 2010 7:58am
For back testing -- i have to do it over again -- and test ever bars- the 11 bars that i tested they are accurate and correct

all i need to do is to test ever bars for december--

i also see it can be done on a 5pips rangebar or a 1pip range bar
then the time are the same -- we dont have to worring in matching up rangebars time with the regular 5mins chart time

here are the rules

from open price---20 pips above or below trigger line
no trade if price move above or below the open price 31 pips or more
once enter trade sl will be high / low of the current bar
exit will be close of the bar

so sl will be between 20-30 pips tp will be 20-30 pips

see the 5pips range chart
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #217
  • Dec 27, 2010 8:01am Dec 27, 2010 8:01am
Quoting dreamliner
zam, on post 238 you say "it was not a tradeable bar", on post 239 you say "it was a tradeable bar, it was a loss." it looks like you are highlighting the exact same bar. I'm confused.
all bars are tradeable once it met the rules--

i give example what happen -- by looking at 50 pips rangebars you cannot tell if it is tradeable (it seems not tradeable ) but it was

we must test every 50 pips bars -- we cannot see the movement unless we go to 1pips range or 5 pip range
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #218
  • Dec 27, 2010 8:02am Dec 27, 2010 8:02am
OK I see what you are saying; you are saying it LOOKED like it was not a tradeable bar, but when you backtested it it was tradeable and was a loss, and we should test every single bar. I agree.

Quoting zamanib
For back testing -- i have to do it over again -- and test ever bars- the 11 bars that i tested they are accurate and correct

all i need to do is to test ever bars for december--

i also see it can be done on a 5pips rangebar or a 1pip range bar
then the time are the same -- we dont have to worring in matching up rangebars time with the regular 5mins chart time

here are the rules

from open price---20 pips above or below trigger line...
  • #219
  • Dec 27, 2010 8:03am Dec 27, 2010 8:03am
Quoting dreamliner
zam, on post 238 you say "it was not a tradeable bar", on post 239 you say "it was a tradeable bar, it was a loss." it looks like you are highlighting the exact same bar. I'm confused.
what i meant by looking at it -- it seems not a tradeable bar -- but it was look at 5mins or the 5pips rangebar
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #220
  • Dec 27, 2010 10:23am Dec 27, 2010 10:23am
Hi Zamanib

Thanks for your diligence in testing this strategy. I am following this thread closely and trading in demo. We have a potential trade on current bar going long on FXDD. We'll see what happens.
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