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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #241
  • Dec 27, 2010 4:46pm Dec 27, 2010 4:46pm
Quoting Pip Chaser
Here's a wick indicator that will help with the visual setups. I will delete my post if Dreamliner disapproves. I hope this helps.

Nice indicator. I like it. Wicks are extremely important on Range Bars. Especially on Bigger Pip Interval Bars. They give a very good indication of "Potential Turning Points" in the market.
  • #242
  • Dec 27, 2010 4:47pm Dec 27, 2010 4:47pm
Thanks Tazmaan, I'll look at the post with the alerts. I really like the alerter I put on the second or third post but I'm always interested in looking at others too.

For me the R:R will never be less than 1:1, but Zam is doing slightly less than that; we'll just keep testing.

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
  • #243
  • Dec 27, 2010 4:53pm Dec 27, 2010 4:53pm
Dreamliner... let me get this right in my head.

Bar Opens.

Price goes up "x" Pips ----> Buy Limit at the Bar Open Price?

Price goes down "x" Pips ----> Sell Limit at the Bar Open Price?

Set SL / TP combination at "Y" / "Z" ( Y and Z some yet to be determined combination as determined by Backtesting )

Correct?
  • #244
  • Dec 27, 2010 4:55pm Dec 27, 2010 4:55pm
Quoting Dreamliner
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.
You could copy and paste it into the first post and change it there. Then have Twee remove the post where it is now.
  • #245
  • Dec 27, 2010 5:17pm Dec 27, 2010 5:17pm
Wow this backtesting stuff is time intensive if you do every 50 pip range bar by hand, going through each minute bar to see what *really* happens. Here are the results of my backtesting from November 1-4 (see attached for pic):

27 bars tested
18 No-Trade bars (NT)
9 Wins
0 Losses

Total pips: 224 net (spread of 2.5 figured in to each trade).

Obviously with this small of a sampling nothing much can be determined; I'd like to have 100 bars just to get started with, but I've done enough backtesting for now (my eyes are crossing ).
Attached Image (click to enlarge)
Click to Enlarge Name: november 1 4.gif Size: 19 KB
  • #246
  • Dec 27, 2010 5:32pm Dec 27, 2010 5:32pm
Hello Musashi,

Actually it's opposite:

Bar opens
Price goes up "X" Pips----->Sell Stop at the Bar Open Price

Price goes down "X" Pips------>Buy Stop at the Bar Open Price

SL is always bar low on a long and bar high on a short.
TP is always end of bar.

Hope that helps.

Quoting Musashi
Dreamliner... let me get this right in my head.

Bar Opens.

Price goes up "x" Pips ----> Buy Limit at the Bar Open Price?

Price goes down "x" Pips ----> Sell Limit at the Bar Open Price?

Set SL / TP combination at "Y" / "Z" ( Y and Z some yet to be determined combination as determined by Backtesting )

Correct?
  • #247
  • Dec 27, 2010 5:38pm Dec 27, 2010 5:38pm
Quoting Dreamliner
Wow this backtesting stuff is time intensive if you do every 50 pip range bar by hand, going through each minute bar to see what *really* happens. Here are the results of my backtesting from November 1-4 (see attached for pic):

27 bars tested
18 No-Trade bars (NT)
9 Wins
0 Losses

Total pips: 224 net (spread of 2.5 figured in to each trade).

Obviously with this small of a sampling nothing much can be determined; I'd like to have 100 bars just to get started with, but I've done enough backtesting for now (my eyes are crossing ).
Wow looks good DL! Have you taken any live ones yet this week?
  • #248
  • Dec 27, 2010 5:42pm Dec 27, 2010 5:42pm
Quoting zznbrm
Here is an EA I use during simulated backtesting of this system. Some of you might find it useful. It should work on any range bar chart.

The EA will automatically draw a horizontal line for all applicable price levels according to the system rules as applicable events happen.

When new range bar opens, it draws:

- Bar Open Price
- High Alert Price
- Low Alert Price

When one of the alert prices is hit, it draws:

- Pending Long/Short Price (at open price)
- Cancel Pending Long/Short Price

When Pending Long/Short price is hit, it draws:...
Very nice ZZ
I have it running now. I assume it will label a trade's result once it shows one as being taken?
Nice tool for forward testing, thanks
  • #249
  • Dec 27, 2010 5:43pm Dec 27, 2010 5:43pm
No, I haven't because of the bank holidays this week. I might do some on Wednesday, or I may just wait until next Monday.

Quoting sidhujag
Wow looks good DL! Have you taken any live ones yet this week?
  • #250
  • Dec 27, 2010 5:49pm Dec 27, 2010 5:49pm
Quoting Dreamliner
Hello Musashi,

Actually it's opposite:

Bar opens
Price goes up "X" Pips----->Sell Stop at the Bar Open Price

Price goes down "X" Pips------>Buy Stop at the Bar Open Price

SL is always bar low on a long and bar high on a short.
TP is always end of bar.

Hope that helps.
Yes perfect sense.

Currently you are testing x=? x> some value and x< some value?
  • #251
  • Dec 27, 2010 5:53pm Dec 27, 2010 5:53pm
Yes, I'm testing X=17 to 25 and Zam is testing 20-30. I just don't want to have less than a 1:1 R:R so I'm stopping at 25.

Quoting Musashi
Yes perfect sense.

Currently you are testing x=? x> some value and x< some value?
  • #252
  • Dec 27, 2010 5:59pm Dec 27, 2010 5:59pm
Please open a new thread for the testing of any EA's. Thank you.

Quoting tazmaan
Very nice ZZ
I have it running now. I assume it will label a trade's result once it shows one as being taken?
Nice tool for forward testing, thanks
  • #253
  • Dec 27, 2010 6:00pm Dec 27, 2010 6:00pm
Quoting Dreamliner
Yes, I'm testing X=17 to 25 and Zam is testing 20-30. I just don't want to have less than a 1:1 R:R so I'm stopping at 25.
Yea that's a good idea most likely increases PF..
Jag
  • #254
  • Dec 27, 2010 6:01pm Dec 27, 2010 6:01pm
Take profit is always end of bar.

Quoting sidhujag
Yea that's a good idea most likely increases PF.. is the TP end of bar or 33 pips?

Jag
  • #255
  • Dec 27, 2010 6:03pm Dec 27, 2010 6:03pm
Quoting Dreamliner
Take profit is always end of bar.
Yup I answered my own question by reading a few posts up
  • #256
  • Dec 27, 2010 6:15pm Dec 27, 2010 6:15pm
Quoting Dreamliner
Yes, I'm testing X=17 to 25 and Zam is testing 20-30. I just don't want to have less than a 1:1 R:R so I'm stopping at 25.
So x=17-25 implies that for a short trade there must be an upper wick of at least 17 pips but no greater than 25 pips right?

and for a long trade there must be a lower wick of at least 17 pips but no greater than 25 pips right ?

If price goes to 17 Pips you then put your sell/buy stops into the market and then if price goes above the 25 pips before your order is hit you then remove the order until the next bar opens?
  • #257
  • Dec 27, 2010 6:20pm Dec 27, 2010 6:20pm
So from what I see, should be in a short trade on GU right now.
  • #258
  • Dec 27, 2010 6:23pm Dec 27, 2010 6:23pm
Quoting tazmaan
So from what I see, should be in a short trade on GU right now.
Yup on a bar size of 52 my SL is something like 1.5484 and it entered short... the EA actually didn't work for me so I'm just eying it for now.

Would have been good to release the source instead of an EX4... oh well I'll have to decompile it.
  • #259
  • Dec 27, 2010 6:27pm Dec 27, 2010 6:27pm
the ea doesnt actually take trades, just marks entries etc for testing purposes.
Notice the sl is incorrect on mine, already sent zz a pm about it since apparently there's no discussion about it on here (a shame)
  • #260
  • Dec 27, 2010 6:28pm Dec 27, 2010 6:28pm
I see... no markings here though
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