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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #321
  • Dec 28, 2010 3:55pm Dec 28, 2010 3:55pm
Yes, that is the whole purpose of this thread on Forex Factory. You are seeing what I saw, potential for a winning system, but not knowing exactly what price action is doing in between the open and close.

I don't ever trade if the pip range is bigger than 30, in fact I don't trade if it's bigger than 25 (Zam goes to 30).

Quoting Musashi
Yes it has the bottom indicator is the Wick Measuring Indicator which has horizontal lines on it at ranges of 20 to 30 and -20 to -30

Doing a quick visual backtest it appears that there's potential for a winning system here. However it is difficult to know what the price action is in each of those bars to really determine profitability.

However just looking at those particular bars it appears most of them are winning trades.

However I see quite a few bars where the pip range of the wick is bigger than 30 Pips and it's difficult to know if price...
  • #322
  • Dec 28, 2010 3:59pm Dec 28, 2010 3:59pm
Quoting Dreamliner
I don't ever trade if the pip range is bigger than 30, in fact I don't trade if it's bigger than 25 (Zam goes to 30).
Current GU 50 Pip bar fits your criteria I believe.
  • #323
  • Dec 28, 2010 4:10pm Dec 28, 2010 4:10pm
Pip bars are going to be totally different based upon open prices and start times. I don't currently have a GBP/USD signal, mine GBP/USD is directly in the middle of the bar with not very big tails.

By the way, I almost called this tread "Tail Traders Treasure" meaning that each bar had to have a tail .

Quoting Musashi
Current GU 50 Pip bar fits your criteria I believe.
  • #324
  • Dec 28, 2010 4:20pm Dec 28, 2010 4:20pm
Quoting Dreamliner
Pip bars are going to be totally different based upon open prices and start times. I don't currently have a GBP/USD signal, mine GBP/USD is directly in the middle of the bar with not very big tails.

By the way, I almost called this tread "Tail Traders Treasure" meaning that each bar had to have a tail .
On my GoTrader Live Account I see it falls in your 20-25 Pip range, most of the bars with a Wick in that range are winners that I can see since the middle of December.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 192 KB
  • #325
  • Dec 28, 2010 4:20pm Dec 28, 2010 4:20pm
JForex allows 10 pip bars(max) we can actually backtest it with accuracy... I'll work on a strategy so that it can work with x sized bars with 10 pips as the base.
  • #326
  • Dec 28, 2010 4:23pm Dec 28, 2010 4:23pm
Yep, that's what I saw too.

Quoting Musashi
On my GoTrader Live Account I see it falls in your 20-25 Pip range, most of the bars with a Wick in that range are winners that I can see since the middle of December.
  • #327
  • Dec 28, 2010 4:24pm Dec 28, 2010 4:24pm
Let us know.

I'm now trading it live with EUR/USD, GBP/USD, AUD/USD, EUR/JPY, USD/CHF, EUR/GBP, USD/JPY. Starting with just 7 pairs. All pairs backtest the same. We'll see.

Quoting sidhujag
JForex allows 10 pip bars(max) we can actually backtest it with accuracy... I'll work on a strategy so that it can work with x sized bars with 10 pips as the base.
  • #328
  • Dec 28, 2010 4:29pm Dec 28, 2010 4:29pm
Yup it would be good to compare some trades to see if we get the same ones...

One prob with the range bar indi is I think that it uses whatever history it has... but I think it should reset at the start of each week.

This will offset all the bars in the chart.

We will have to compare afterwards

Jag
  • #329
  • Dec 28, 2010 5:36pm Dec 28, 2010 5:36pm
Here is a script file that need to be re-coded Right now it places a buy stop and a sell stop with tp's and sl's

It need to be changed to a buy limit and sell limit to work according to DL's rules


Anyone out there know how to code and fix it makes placing trade easy

I've played with it but I'm not a coder will keep trying

Also attached a newbar alter indi beeps with a new bar
Attached File(s)
File Type: mq4 Range.mq4   2 KB | 363 downloads
File Type: mq4 newbaralert.mq4   < 1 KB | 327 downloads
  • #330
  • Dec 28, 2010 5:47pm Dec 28, 2010 5:47pm
No, we only use buy stop and sell stop orders, unless you are using Oanda, and they call their orders "Limit" orders unless it is a "Market" order. So all MT4 orders will be buy stop and sell stop orders.

Quoting dryclean
Here is a script file that need to be re-coded Right now it places a buy stop and a sell stop with tp's and sl's

It need to be changed to a buy limit and sell limit to work according to DL's rules


Anyone out there know how to code and fix it makes placing trade easy

I've played with it but I'm not a coder will keep trying

Also attached a newbar alter indi beeps with a new bar
  • #331
  • Dec 28, 2010 5:53pm Dec 28, 2010 5:53pm
Quoting Dreamliner
No, we only use buy stop and sell stop orders, unless you are using Oanda, and they call their orders "Limit" orders unless it is a "Market" order. So all MT4 orders will be buy stop and sell stop orders.
well that makes it easy this does that now

just adjust the inputs if you are using a 30 or a 50 bar this is set for a 50
  • #332
  • Dec 28, 2010 6:24pm Dec 28, 2010 6:24pm
this is an excellent trading approach for the euro using a 30 pip bar using a 10SL and a 20 TP. I do recommend using some MA'S or Keltner Channels to add price support so you have some reason of expectations for which direction you should be trading. that is how I'm using it and the winning % imoproves dramatically when trading with the trend instead of against it
  • #333
  • Dec 28, 2010 7:18pm Dec 28, 2010 7:18pm
Just through something together to see what an automated indicator would act like. I am using I believe Zam's settings, they are on the chart. The info at the left gives an idea of what is going on. It should open and close fake trades and keep a running score of PIPS gain and loss. I just started it so it probably has some bugs. As you can see it hasn't even hit the Buy or Sell triggers yet. This is a M5 chart. I will let it run and see what happens. If it works out I will post it for all to use if you think it will be of any use. It has a gross look right now but the final one if it works will be cleaned up and all the info will be moved to the right side of the chart, this setup is just for testing and was easy to throw together quickly. You can see the PIP count is still only 18, with a MAX set to 30 PIPS. All settings will be able to be set in the indicator so we can test different settings.

Attached Image (click to enlarge)
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  • #334
  • Dec 28, 2010 7:58pm Dec 28, 2010 7:58pm
Quoting seller9
Just through something together to see what an automated indicator would act like. I am using I believe Zam's settings, they are on the chart. The info at the left gives an idea of what is going on. It should open and close fake trades and keep a running score of PIPS gain and loss. I just started it so it probably has some bugs. As you can see it hasn't even hit the Buy or Sell triggers yet. This is a M5 chart. I will let it run and see what happens. If it works out I will post it for all to use if you think it will be of any use. It has a gross...
All you really need to display on the Chart is if the price has moved more than "x" pips since the open of the bar and less than "y" pips since the open of the bar.

Then you'll know if you need to open an order or not.
  • #335
  • Dec 28, 2010 8:18pm Dec 28, 2010 8:18pm
Quoting crodzilla
I have an EA that I built for constant range bars, using a similar strategy. But, if I remember correctly, I didn't define how far beyond the previous bar price had to go, and I opened a new trade at the open of a new bar, instead of opening a stop order for the open of the previous bar. It was barely profitable, not really enough to put any more time into. And, it didn't really have good MM.

So, your strategy seems very well thought out, and would seem to catch the reversal early.
I did exactly the same, except used stop orders, and traded it live for a while until I realised it wasn't doing much. The added little twist of using the previous bar's open might make it profitable. I was also using ATR to work out a recommended bar size.
  • #336
  • Dec 28, 2010 10:00pm Dec 28, 2010 10:00pm
Quoting skoda2008
I did exactly the same, except used stop orders, and traded it live for a while until I realised it wasn't doing much. The added little twist of using the previous bar's open might make it profitable. I was also using ATR to work out a recommended bar size.
So what happened then... you gave up? Try a 500 hour ATR
  • #337
  • Dec 28, 2010 11:03pm Dec 28, 2010 11:03pm
Quoting Musashi
All you really need to display on the Chart is if the price has moved more than "x" pips since the open of the bar and less than "y" pips since the open of the bar.

Then you'll know if you need to open an order or not.
The idea is not to set and watch the charts to see if the system works. The program runs unattended and Buys and Sells according to the rules. After letting it run for 24 hours I can look and see how many 30 PIP bars there were and how many PIPS were Gained or Loss on those bars. Best part is I can go to bed while this is all going on and sleep through it. All the present numbers on the chart are just for debugging purposes to see if the program is calculating things correctly.
  • #338
  • Dec 28, 2010 11:11pm Dec 28, 2010 11:11pm
Quoting seller9
The idea is not to set and watch the charts to see if the system works. The program runs unattended and Buys and Sells according to the rules. After letting it run for 24 hours I can look and see how many 30 PIP bars there were and how many PIPS were Gained or Loss on those bars. Best part is I can go to bed while this is all going on and sleep through it. All the present numbers on the chart are just for debugging purposes to see if the program is calculating things correctly.
Yes indeed..... there's not too many 50 pip bars in a single trading day since the ADR for most pairs right now is around 150 pips.
  • #339
  • Dec 28, 2010 11:24pm Dec 28, 2010 11:24pm
I see a potential trade on GU 50R bar right now.
  • #340
  • Dec 28, 2010 11:39pm Dec 28, 2010 11:39pm
Quoting seller9
The idea is not to set and watch the charts to see if the system works. The program runs unattended and Buys and Sells according to the rules. After letting it run for 24 hours I can look and see how many 30 PIP bars there were and how many PIPS were Gained or Loss on those bars. Best part is I can go to bed while this is all going on and sleep through it. All the present numbers on the chart are just for debugging purposes to see if the program is calculating things correctly.
But how did you decide which candle to start with on the 5m?

But keep us posted
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