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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #221
  • Dec 27, 2010 10:36am Dec 27, 2010 10:36am
No longer tradable - price went outside 30 pip zone.
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  • #222
  • Dec 27, 2010 10:44am Dec 27, 2010 10:44am
Zam, Dream:

I need to know what rules i have to use for backtesting. Actually 2 options:

1.- Zam Rules (see post below).

2.- Dream Rules: Post 202: "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".

Please, tell me the best rules for backtesting.

Th.

JdD


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
no trade if price move above or below the open price 31 pips or more
once enter trade sl will be high / low...
  • #223
  • Dec 27, 2010 10:58am Dec 27, 2010 10:58am
Quoting chazbo 3071
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.
Nice we need more like you to test---
no trade on this bar exceed the range 20--to 30 pips above or below open price
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #224
  • Dec 27, 2010 11:00am Dec 27, 2010 11:00am
Quoting JdD
Zam, Dream:

I need to know what rules i have to use for backtesting. Actually 2 options:

1.- Zam Rules (see post below).

2.- Dream Rules: Post 202: "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".

Please, tell me the best rules for backtesting.

Th.

JdD
do DREAM 1ST HIS 17 --25 MINIMUM MAXIMUM
MINE IS 20--30
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #225
  • Dec 27, 2010 11:02am Dec 27, 2010 11:02am
Quoting chazbo 3071
no longer tradable - price went outside 30 pip zone.
sorry you beat me to it good -- you understand our testing
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #226
  • Dec 27, 2010 11:04am Dec 27, 2010 11:04am
nice to see a method based on price action, instead of another cookie clutter dozen indicator template.
  • #227
  • Edited 12:08pm Dec 27, 2010 11:38am | Edited 12:08pm
This system takes patience to trade but with an alert system you don't have to spend alot of time in front of the computer.

I'm using 17-31 pips as my trade zone. I'm sure that it will take time and testing to refine that range.
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  • #228
  • Dec 27, 2010 12:44pm Dec 27, 2010 12:44pm
That's exactly right. I've seen statistics that say no indicator has ever proven to be profitable; that has been true for me for sure.

Quoting fxvoilaaa
nice to see a method based on price action, instead of another cookie clutter dozen indicator template.
  • #229
  • Dec 27, 2010 12:45pm Dec 27, 2010 12:45pm
Thanks Chazbo, let us know how you do as able. I'm completing the first 4 days of November, going bar by bar on the 1 minute chart to see exactly what happened in the 50 bars. It's tedious but the results are confirming the method.

Quoting chazbo 3071
This system takes patience to trade but with an alert system you don't have to spend alot of time in front of the computer.

I'm using 17-31 pips as my trade zone. I'm sure that it will take time and testing to refine that range.
  • #230
  • Dec 27, 2010 12:47pm Dec 27, 2010 12:47pm
Good Things happen to those who wait.
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  • #231
  • Dec 27, 2010 1:52pm Dec 27, 2010 1:52pm
Range bars can be backtested in visual mode if the proper steps are taken.
If you could, please refresh post 1 with the latest up to date rules (size of rangebar, amount min/max of movement before pending trade set, tp amount/sl amount), and I will try to find time to manually backtest to verify some of your results.
  • #232
  • Dec 27, 2010 2:04pm Dec 27, 2010 2:04pm
Hi Tazmaan,

I've been trying to update the first post but cannot find a way to do so. The "edit" button is now gone, I guess it has a time-limit to it or something. If anybody knows how to edit posts that don't have an edit button let me know.

We're doing 50 pip range bars, with 17-25 (me--20-30 Zam) triggers.

Quoting tazmaan
Range bars can be backtested in visual mode if the proper steps are taken.
If you could, please refresh post 1 with the latest up to date rules (size of rangebar, amount min/max of movement before pending trade set, tp amount/sl amount), and I will try to find time to manually backtest to verify some of your results.
  • #233
  • Dec 27, 2010 2:22pm Dec 27, 2010 2:22pm
Quoting brijon
manual range trade with trend
WHAT TREND -- DO YOU SEE ANY TREND

go ahead man you are desparate post your system on this thread and all you live trades while we are killing ourselves to see is this system is profitable or not by backtesting and forward testing
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #234
  • Dec 27, 2010 2:24pm Dec 27, 2010 2:24pm
Quoting Dreamliner
Hi Tazmaan,

I've been trying to update the first post but cannot find a way to do so. The "edit" button is now gone, I guess it has a time-limit to it or something. If anybody knows how to edit posts that don't have an edit button let me know.

We're doing 50 pip range bars, with 17-25 (me--20-30 Zam) triggers.
Thanks DL,
what stoploss/target are you now using? 20sl 30tp?
And no, sorry I don't know why u wouldnt be able to edit your post
  • #235
  • Dec 27, 2010 2:38pm Dec 27, 2010 2:38pm
Quoting Dreamliner
Hi Tazmaan,

I've been trying to update the first post but cannot find a way to do so. The "edit" button is now gone, I guess it has a time-limit to it or something. If anybody knows how to edit posts that don't have an edit button let me know.

We're doing 50 pip range bars, with 17-25 (me--20-30 Zam) triggers.
Bring up your original post and click on "Thread Tools". Then click on"Edit Thread Options". Your post will come up looking like the layout when you originally typed it. You can change it from there as if you were typing it for the first time. You'll need to click the "Save Changes" button underneath the post. I just tried it on a very old one of mine and it worked. Anything after the first post has a time limit though.
  • #236
  • Dec 27, 2010 3:58pm Dec 27, 2010 3:58pm
Regarding stops and targets, it depends. Let's say we're going long, which means the market dropped by our minimum requirement to trigger a buy stop. As soon as our order is filled (which obviously means the market came back up to the open price) we look and see the difference between the low to the open. Let's say it's 20 pips. We then set our target at 30 (which is end of bar). Let's say the low to the open was 24, we set our target at 46 (end of bar). If the low to open was 18 we set a 32 pip target, and if the low to open was 25 we set a 25 pip target. Does that make sense?

Quoting tazmaan
Thanks DL,
what stoploss/target are you now using? 20sl 30tp?
And no, sorry I don't know why u wouldnt be able to edit your post
  • #237
  • Dec 27, 2010 4:18pm Dec 27, 2010 4:18pm
Yeah makes sense. Or just end of bar exit looks to end up the same.
So not going for a set RR each trade, sometimes it turns out <1:1 sometimes a little more.
By the way, did some searching for a free alert method for this, and this thread is worth a peek

http://www.forexfactory.com/showthread.php?t=15197
post 1, 23 and 49, enjoy
  • #238
  • Dec 27, 2010 4:22pm Dec 27, 2010 4:22pm
Thanks Bill; unfortunately I didn't put the system on the first post but on the third or fourth. I would have done that differently if I could.

Quoting billflet
Bring up your original post and click on "Thread Tools". Then click on"Edit Thread Options". Your post will come up looking like the layout when you originally typed it. You can change it from there as if you were typing it for the first time. You'll need to click the "Save Changes" button underneath the post. I just tried it on a very old one of mine and it worked. Anything after the first post has a time limit though.
  • #239
  • Dec 27, 2010 4:33pm Dec 27, 2010 4:33pm
Quoting tazmaan
Yeah makes sense. Or just end of bar exit looks to end up the same.
So not going for a set RR each trade, sometimes it turns out <1:1 sometimes a little more.
By the way, did some searching for a free alert method for this, and this thread is worth a peek

http://www.forexfactory.com/showthread.php?t=15197
post 1, 23 and 49, enjoy

I think you have to average your R:R just like you average your win percentage... then use your in sample test and forward test it on out of sample data... the parameters that will win are the ones who have the highest PF between the in/out sample.

The longer the test the higher expectancy.
  • #240
  • Dec 27, 2010 4:35pm Dec 27, 2010 4:35pm
Quoting zamanib
we cannot see the movement unless we go to 1pips range
Are you soft in the head ?? 1 Pip Range Bar does not exist.

At a very minimum you will need 2 Pips to determine a bar.
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